E-Business
Konga @ 8 Anniversary Flash Sales Goes Live Today

Konga, Nigeria’s composite e-Commerce giant is set to roll out its flash sales today, Monday June 29, 2020 as part of efforts to mark its eighth anniversary celebrations.
The flash sales, four daily, are set to go live by 10am, 2pm, 4pm and 6pm.
Equally important, the flash sales are expected to be a daily feature of the eighth anniversary celebrations effective today, Monday June 29 until the end of the promotion on Tuesday, July 2, 2020 – a development that has heralded intense excitement among eager shoppers, many of whom have awaited the commencement of the flash sales with keen anticipation.
Meanwhile, the daily flash sales are expected to provide lucky customers an opportunity to claim a number of exciting products at highly discounted prices.
This is in addition to the offer of free deliveries for orders which will coincide with the days for the flash sales.
A number of amazing products have been lined up for the flash sales which will run daily across multiple product categories including mobile phones, computing and devices, electronics, FMCG products, kitchen appliances, fashion and much more.
The palpable excitement among bargain-hungry shoppers for the flash sales stems from the fact that it is a unique opportunity to enjoy unmatched discounts or giveaway prices on the items or products up for sale.
Further adding to the excitement is the fact that the flash sales are time-bound, thus adding a spice of suspense and adventure to the fun as shoppers compete for the chance to claim the products on offer.
Awani Olamide, a customer who has shopped on Konga since inception, says it is one of the most thrilling discount offers to partake in.
‘‘Konga flash sales are very exciting affairs. Due to the huge interest from shoppers all competing for the items, it is often filled with anticipation, suspense and sheer delight at the end for the lucky winners. It is more like a case of the fastest fingers.
‘‘To stand a chance of winning, a prospective shopper must be sharp and hooked to Konga online at all times. You cannot afford to sleep on it or join in when it has already started.
“The products can drop at any time once the flash sales start. So, my advice: if you are not yet doing so, you have to ensure you are following Konga on their various social media platforms in order to keep abreast of developments.
‘‘Having shopped on Konga for so many years, I have participated in numerous flash sales so I have a fair bit of experience,’’ he concluded.
The flash sales are a continuation of a three-week long massive sales extravaganza put together by Konga to appreciate its customers as it marks eight years of outstanding achievements in the Nigerian e-Commerce space.
Founded in July 2012, Konga has remained at the forefront of the Nigerian e-commerce industry, with a long list of innovative strides and achievements that have made it the e-commerce brand of first choice for millions of Nigerians.
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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