E-Business
Huawei Unveils New Server & Storage Products in Nigeria

Huawei, a leading global information and communications technology (ICT) solutions provider, launched new series of Server & Storage products in Lagos.
The products and solutions in these fields cover storage area network (SAN), solid state storage system, network attached storage (NAS), virtual intelligent storage (VIS), and cloud storage. Huawei storage product line was founded in 2007.
These products and solutions are widely applied in areas such as governments, public utility, transportation, finance, ISP & media assets, and energy.
Huawei storage product line has become an important part of Huawei cloud computing strategy and enterprise solutions.
Pang Jimin, managing director, Huawei Nigeria, said the Company prides itself as a global organization, not focused on China alone and has feels at home in Nigeria.
He said, about 12 years ago, Huawei was welcomed by the Nigeria while it was struggling to make its imprint on the African Continent.
Jimin said, “Huawei is playing a leading role in global server and storage market. According to the latest statistics from Gartner report, Huawei storage ranked number one in china shipments and number one Global Market Growth Rate for six quarters around 66%. Huawei storage products serve more than 2000 customers globally.
“We are not focusing on China alone. That is why we see ourselves as a global Company. In Nigeria, we will continue to be partners to the public and private institutions like the telcos, banks and others.
He added that Huawei has developed server products more than ten years as the world leading carrier device provider.
According to Gartner report, Huawei server ranked number four in the global shipments and number one in china in 2013. And Huawei is the only vendor that achieved server market share growth in seven consecutive quarters.
The newly launched All-SSD storage system OceanStor Dorado series consists of two models of product Dorado 2100 and Dorado 5100.
Mr. Yemi Joseph, enterprise solutions manager for the Company, described the Huawei OceanStor Dorado2100 as a SAN-based solid state storage product designed for the enterprise-level high-performance storage market.
The Dorado2100 uses full-SSD architecture and employs advanced cache management and I/O scheduling mechanisms.
It offers an ideal choice for various storage scenarios that are performance-demanding such as database, VDI, and high-performance computing.
“The Dorado2100 delivers a superb performance of up to 600,000 IOPS, which is equivalent to the performance of a traditional disk array consisting of 1,500 15K rpm SAS disks.And the access latency is as low as 500μs, which is only 5% of that with traditional disk arrays.
“The Dorado 2100 with the active-active dual controllers implements redundancy and load balancing, ensuring high service reliability. And redundant power supplies, fans, controllers, interface modules, SSDs, and BBUs eliminate single points of failure while supporting hot-swap and online I/O expansion.
“With no mechanical disk design, compared with traditional disk arrays, the Dorado2100 G2 saves 95% of cabinet footprint but has the same performance, dramatically reducing the cabinet purchasing cost. And the typical 580 W system power consumption of Dorado system can saves power up to 90% compared with performance-equivalent traditional disk arrays”.
Joseph added that the newly launched Converged Infrastructure FusionCube is designed based on an open architecture; FusionCube integrates blade servers, distributed storage devices, and switches into its 12 U chassis. Distributed storage, a virtualization platform, and cloud management software are also factory installed on the FusionCubesub rack.
It enables one-stop delivery, pre-installation, resource scheduling on demand, and linear resource expansion. It also improves performance for various application scenarios.
FusionCube has made performance optimizations for various enterprise application scenarios. Using its integrated hardware architecture, high throughput of distributed storage, high input/output operations per second (IOPS), intelligent network interface cards (iNICs), and solid-state drives (SSDs), FusionCube significantly outperforms its competitors in the industry, among other features.
Through its dedication to customer-centric innovation and strong partnerships, Huawei remains a leading global information and communications technology (ICT) solutions provider.
E-Business
Global Crypto Heists Surge to $2.1Bn in H1 2025 as Digital Assets is Weaponised

In a sobering revelation of the evolving threat landscape facing the digital asset ecosystem, blockchain intelligence firm TRM Labs has disclosed that over $2.1 billion worth of cryptocurrency was stolen in the first half of 2025 alone, spanning at least 75 high-profile hacks and exploits.
This staggering figure marks a 10 per cent surge over the previous first-half record set in 2022 and nearly eclipses the total stolen in all of 2024.
But beyond the monetary scale, the report reveals a deeper concern: a growing trend of state-sponsored cyber aggression weaponising crypto assets for strategic and geopolitical purposes.
The most devastating breach to date occurred in February when Dubai-based exchange Bybit lost $1.5 billion—the largest crypto heist in history.
TRM Labs attributes the attack to North Korean state actors, noting that the incident alone accounted for nearly 70 percent of total losses during the period and doubled the average hack size to $30 million.
“The Bybit hack redefined the threat landscape,” the report stated.
“It exemplifies how digital asset theft has transcended criminal opportunism and morphed into a tool of statecraft.”
Indeed, North Korea-linked entities were responsible for an estimated $1.6 billion of the total stolen, further entrenching Pyongyang’s status as the most prolific nation-state threat actor in the crypto sphere.
Yet the menace is diversifying. On June 18, Iranian crypto exchange Nobitex was breached for over $90 million by a group reportedly linked to Israel, Gonjeshke Darande (Predatory Sparrow).
Unusually, the stolen funds were routed to unusable vanity addresses, underscoring symbolic and political motives rather than financial gain.
TRM Labs flagged this as a “disturbing shift,” with digital asset theft increasingly deployed as a weapon in asymmetric geopolitical conflict.
The report also found that more than 80 percent of losses stemmed from infrastructure breaches, including private key theft, seed phrase leaks, and front-end compromises— attacks typically ten times costlier than other vectors.
Meanwhile, DeFi exploits such as flash loan manipulations accounted for 12 percent of losses, reflecting persistent smart contract vulnerabilities despite years of scrutiny.
As digital currencies become enmeshed in global rivalries, TRM Labs warns that conventional cybersecurity approaches are now inadequate.
“Massive breaches, often tied to nation-state operations, require a new defence paradigm,” the firm asserted, urging industrywide adoption of advanced safeguards and cross-border collaboration among regulators and law enforcement.
E-Business
CAC Launches AI-powered Business Registration Portal

Corporate Affairs Commission (CAC) has inaugurated the pilot take-off of its new Artificial Intelligence (AI)-powered registration portal.
A statement issued by the commission explained that Malam Hussaini Magaji, registrar-general of the CAC, made the announcement during the 2025 Stakeholders Forum in Port Harcourt.
According to him, “the initiative is a major milestone in Nigeria’s business facilitation drive.”
The Registrar further explained that the upgraded portal marks a complete overhaul of the Company Registration Portal (CRP), saying that it comes with advanced features designed to simplify and speed up business registration.
The new system, according to him, allows for instant name reservation approvals, likening the ease to creating an email account, and stressing that the AI-powered platform could suggest available alternatives to business names and approve them immediately.
Another innovation, he stated, is the ability to register a business using only the National Identification Number (NIN) of a director or proprietor, pointing out that there is an ambitious target of completing business registration and certificate generation within 30 minutes, subject to real-time NIN validation.
E-Business
Bitget Launches Institutional Services to Empower Fintech Innovation

Bitget has launched its institutional services in Nigeria, offering fintech companies a robust platform to build innovative solutions on top of Bitget’s suite of institutional-grade offerings.
Gracy Chen, CEO, Bitget, in a statement said, “Our goal is to empower Nigerian businesses to innovate and leverage blockchain for wealth creation opportunities, hence, the institutional services empower fintech leaders with tailored solutions, as the offerings designed to cater for the unique operational needs of institutional clients, enabling businesses to embed trading functionalities like spot and futures markets, wallet management, and more, directly into their platforms.
“The Key services include White-label Broker Services which enabled Fintech companies to deploy customized crypto exchanges using Bitget’s infrastructure while managing branding and users independently. There is also API Solutions that can make the Developers to integrate trading functionality via APIs for spot, margin, and derivatives markets, ensuring fast execution and seamless experiences for end users.”
Chen added, “The ND Broker Model provides clients with complete autonomy over user-facing platforms, offering exclusive front-end flexibility while relying on Bitget for back-end market liquidity. Clients are able to employ Protection Fund and Proof of Reserves of over $600million secured in the Bitget Protection Fund and real-time Proof of Reserves, which gives clients assurance of maximum transparency and security.”
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