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Nigeria Lost $800m to Cybercrimes In 2018 – Report

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The cost of cybercrimes in the country peaked at $800 million, this is according to latest Nigeria Cybersecurity Report (2018).

Nigeria Lost $800m to Cybercrimes In 2018

The report shows that even with 17% increase in organisational spend in cybersecurity from 2017 to 2018, the trend continues on the upward movement.

During the period in view, it was recorded that locally engineered malwares are on the rise as increased frauds are recorded through the mobile.

The report was unveiled in Lagos this week at Nigeria Cybersecurity Summit 2019 organised by Data & Scientific Inc with supports from Nigeria Internet Registration Association (NiRA) and Gemalto.

It was also reported that while 50% of board members are getting involved in cybersecurity matters, however there is need to pay close attention to increase in targeted phishing attacks.

The third edition of Nigeria Cybersecurity Report (2018) shows that reported crime incidents to the police has reached 21%, although successfully prosecuted cybercrimes cases stand at 2.6%.

The report indicates a serious skills shortage with just 3,500 cybersecurity (skilled) professionals in Nigeria.

Besides, the report identified constraints faced by organisations while recruiting cybersecurity professionals, such as; lack of technical experience and lack of professional certifications.

The report was a product of study carried out by Demadiur,  Serianu Limited, ISACA (Lagos and Abuja chapters), United States International University-Africa and Africa Cyber Immersion Centre (acic) with contributions from NCC, NIBSS, E-PPAN, ATCON, NiRA, CeBIH, CSEAN, IXPN and Interglobal Limited.

Speaking to journalists, Engineer Ikechukwu Nnamani, chairman, Demadiur, said the key focus of the 2018 report was on cybersecurity skills set and they realised that the country is ill-equipped in terms of number of experts to address the challenges.

“So, there is a need to have people well-trained in that space and also have a certification process to ensure the right skills set are acquired even without going through a long process.

“Given where the country is today we realised that the traditional four-year educational system to train people in that space, we do not have it. We probably need specialized programs to address different skills and areas that need to be covered.

“As the country is transitioning to a Digital Economy cybersecurity will become a bigger risk compared to what is obtainable before now”, he said.


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Hisense Electronics Unveils Flagship Showroom in Abuja

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By Fabian Tarpael, Abuja

Hisense electronics unveiled a flagship showroom in Abuja over the weekend. Speaking at the event, Mr. Mustapha Khries, the Abuja Branch Manager of the Fouani Group, highlighted the significance of the flagship store, describing it as the first of its kind in the entire West African region.

He also addressed the challenges facing businesses in Nigeria, particularly the high exchange rates and transportation costs.

“The Fouani Group remains resilient and ready to overcome challenges, unlike others who often exit the market when faced with similar issues.”

Ms. Haifa Du, Senior Sales Manager for Hisense Electronics, emphasized the brand’s commitment to affordability and innovation, stating that Hisense offers the most cost-effective and advanced solutions in the market.

The event underscored Hisense’s dedication to technological innovation and sustainability while reaffirming its leadership position in the consumer electronics market.

Mr. Robbin Wei, Senior Sales Manager of Hisense Group, supported by Mr. Greg and Ms. Haifa Du, showcased various innovative products from the new flagship store.

Among the standout products showcased include; The Hisense 110″ Smart Ultra AMOLED TV, featuring unique capabilities such as a solar-powered remote control and a “locate remote” function to find misplaced remotes easily.


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PalmPay, Jumia Partner to Launch Integration for Shoppers in Nigeria

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PalmPay, Africa-focused fintech operating Nigeria’s most used mobile wallet, and Jumia, Africa’s e-commerce giant, today announce a strategic partnership to enhance the digital payment ecosystem on the continent, starting with payment integrations and co-marketing efforts in Nigeria.

This partnership underscores both parties’ commitment to developing the digital payment ecosystem in Nigeria and grow the use of the cashless economy.

WIth PalmPay now available as a payment method, shoppers on Jumia will now be able to pay for their purchases with the option to check out with their PalmPay wallet, ensuring a seamless user experience and transaction reliability through the direct integration.

“We are proud to partner with Jumia as we bring together the best of fintech and e-commerce to redefine the online shopping experience,” said Sofia Zab, Chief Marketing Officer, PalmPay. “This strategic alliance aligns perfectly with our shared commitment to delivering a superior user experience and exceptional value to our customers.”

Speaking on the partnership, Sunil Natraj, CEO, Jumia Nigeria added: “At Jumia, we are dedicated to creating value for our customers by ensuring a convenient, reliable, and secure shopping experience.

“This partnership with PalmPay strengthens our commitment to enhancing the digital payments within our platform. By integrating PalmPay, we are providing more options for customers to access affordable and quality goods with the convenience of cashless transactions.”

This alliance marks the beginning of a long-term collaboration between two industry giants, aiming to drive innovation, increase convenience for consumers, and foster the adoption of digital payments across Africa.

To celebrate the launch of the partnership, PalmPay and Jumia are launching a special Christmas campaign, running from December 11th to 30th. During this period, customers who make purchases on Jumia using the PalmPay payment method will stand a chance to win exciting cash rewards. More details can be found on the brands’ respective social media pages. @palmpay_ng and @JumiaNigeria.


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Aero Contractors Launches “12 Days of Christmas” Campaign

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Aero Contractors is thrilled to announce the launch of its “12 Days of Christmas” campaign, a festive and engaging social media initiative designed to spread holiday cheer and reward loyal customers.

Running from December 13 to December 24, 2024, this exciting campaign underscores Aero Contractors’ commitment to connecting families, friends, and communities during the holidays.

The “12 Days of Christmas” campaign invites travel enthusiasts, loyal customers, and holiday travelers to participate in fun and interactive activities on Aero Contractors’ social media platforms, including Instagram, Facebook, and X (formerly Twitter). Each day will feature engaging posts such as trivia, puzzles, and challenges designed to ignite the festive spirit and encourage community participation.

Participants are encouraged to follow Aero Contractors’ social media pages, engage with the daily posts by liking, commenting, or sharing, and follow the specific instructions for each day’s activity.

Winners will be selected daily and announced on the respective platforms. Exciting prizes await participants, with the grand reward of a free return economy class ticket—a perfect gift for reconnecting with loved ones or exploring new destinations this holiday season.

“At Aero Contractors, we believe in the power of togetherness, especially during the holidays,” said Capt. Ado Sanusi, Managing Director of Aero Contractors.

“Our ‘12 Days of Christmas’ campaign is our way of giving back to the community that has supported us throughout the year. It’s an opportunity to engage, celebrate, and reward our customers while spreading joy and festive cheer.”

This campaign targets travel enthusiasts, loyal Aero Contractors customers, and families looking to make the most of the holiday season. Through this initiative, Aero Contractors reaffirms its dedication to safe, reliable, and efficient air travel, bringing people closer when it matters most.

Follow Aero Contractors on Instagram, Facebook, and X to join the “12 Days of Christmas” campaign. Engage daily for a chance to win a free return economy class ticket and other exciting offers.


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