E-Business
Nigeria’s Position in MINT Economy Revolves Round IT-Experts

Information Technology (IT) experts unanimously agreed that Nigeria can leverage on its position in the MINT economy by exploring all aspects of information technology and intelligence.
Addressing guests at the Digital Africa Conference and Exhibition in Lagos, on Monday, Mrs Omobola Johsnon, minister of Communication technology, said the national ICT policy reflects the countries yawning to play at the global stage in the IT/ICT sector.
The Minister represented by Engineer Peter Jack, director general of NITDA, said that various policies articulated by the Ministry since its establishment in 2011 are geared towards opening the sector for the public and private sectors to jointly articulate projects that will reflect global trends in the ICT industry.
Dr. Evans Woherem, executive chairman, Digital Africa Global Consults, while welcoming guests to Conference and Exhibition, said there is socio-economic dimension of the exponential growth in IT.
He said, for example, in the nearest future more and more robots will take away not only jobs by blue collar workers but even the jobs of white collar workers including managers and professionals.
“As this happen, it means that capital is becoming labour thus blurring the demarcation between capital and labour. In fact, the prediction that Nigeria is part of the MINT nations is largely based on our population size. So, what if IT or robots in particular also become labour by working and displacing humans, then it means that some of the advantages provided by labour has been eroded. So where lies the population advantage of countries like Nigeria?
“We have an exponential world. How do we ride it, or shape it, instead of merely reacting to it, to how it unfolds? My argument has always been that Africa should not sit idly by while the future of the world it will participate in, live in, is created elsewhere. Africa should be part of the debate or discourse on how to shape the exponential technologies to provide us a desired future.
“The idea of the exponential new techs is that they seem unbelievable and products of science fiction and yet they are already here with us. Africa should note them as they denote some of the revolutionary products out there that we have to take into consideration as we play catch up.
“I am suggesting that Africa needs Techshops. They are places with all the materials, to produce things, e.g., cutting and shaping machines, as well as the laboratory or factory environment that anybody requires to make anything imaginable. Many people in Africa, especially the youth have numerous ideas of what they want to make but for the fact that there are no Techshops that can assist them to do so.
“Africa needs either through the private sector or public sector, to own Techshops here in Africa. It will unleash a season of creativity and innovation in Africa. This is a pure case of democratization of technology and knowledge.
On his part, Mr Folusho Philips, chairman of the occasion said, said the African market must be unlocked to enable individuals and countries harness the potentials the market posses.
He said that Nigeria and African IT experts must be focused on developing models that will enable the continuity in achieving digital singularities.
He added that the industry needs to develop platforms for keen enthusiasts of IT unleash development in all sectors of the economy.
He added that the Conference portends something very positive for the IT industry in the country, for IT diffusion both in private and public sector organisations and for eGovernance.
The event tagged, “Towards Digital Singularity in Africa,” is expected to raise though provoking topics to address quantum of developmental challenges facing Africa, that lags behind other continents of the world in technology acquisition.
Other continents, especially the Americas, Europe and Asia seem to be on steroids in acquiring and adopting new technologies.
However, in Africa, there is no sense of urgency in this regard at all.
The experts re-emphasized that Information and Communication Technology (ICT) is changing the world; transforming governance, agriculture, health, oil and gas, and financial services, among other sectors, by driving effective and efficient performance largely for the benefit of the governed, consumers and corporations.
Picture: a cross section of delegates to the Digital Africa Conference and Exhibition which commenced in Lagos yesterday.
E-Business
Report Reveals DLL Hijacking Attacks have Doubled since 2023

Dynamic link library (DLL) hijacking is a common technique in which attackers replace a library loaded by a legitimate process with a malicious one.

It is used by creators of mass-impact malware, like stealers and banking Trojans, as well as by APT (advanced persistent threat) and cybercrime groups behind targeted attacks. Kaspersky reports that DLL hijacking attacks have doubled in the past two years.
Kaspersky has observed this technique and its variations, like DLL sideloading, in targeted attacks on organisations in Russia, Africa, South Korea, as well as other countries and regions.
To further enhance its protection capabilities against this threat, Kaspersky SIEM has introduced a specialised AI-based subsystem that continuously analyses information about all loaded libraries.
The new feature has already proven effective, helping to detect an attack by the APT group ToddyCat. It enabled the threat to be identified and blocked at an early stage, preventing any impact on the targeted organisations. The model also uncovered attempts to infect potential victims with an infostealer and a malicious loader.
“We are seeing DLL hijacking attacks become more common, where a trusted program is tricked into loading a fake library instead of the real one. This gives attackers a way to secretly run their malicious code.
“This technique is difficult to detect, and this is where AI can help. Using advanced protection techniques empowered with AI is now essential to staying ahead of these evolving threats and keeping critical systems safe,” says Anna Pidzhakova, Data Scientist at Kaspersky’s AI Research Center.
Securelist has published two related articles: the first explains how a machine-learning model was developed to detect DLL hijacking attacks, while the second describes how this model was integrated into the Kaspersky SIEM platform. The updated Kaspersky SIEMnow features AI functionality for detecting signs of DLL hijacking attacks, improving detection efficiency.
E-Business
Meta, NDPC Resolve $32.8m Privacy Dispute Out of Court

Meta Platforms, Inc., has, reconciled its differences with the Nigeria Data Protection Commission (NDPC) in the suit it filed to challenge NDPC’s $32.8m fine imposed against it.

The legal dispute between Meta and the NDPC ended after both sides agreed on terms to settle the $32.8 million fine earlier imposed on the company.
On February 18, 2025, the NDPC fined Meta $32.8 million and issued eight corrective orders for allegedly violating the privacy rights of Nigerian users through behavioural advertising practices on Facebook and Instagram.
At Monday’s proceedings before Justice James Omotosho of the Federal High Court, Abuja, Fred Onuobia, SAN, Meta’s counsel, informed the court that the parties had signed terms of settlement dated October 30 and filed on October 31.
“We adopt the terms of settlement and ask my lord to enter them as the judgment of the court,” Onuobia said.
Adeola Adedipe, SAN, Counsel for the NDPC, did not oppose the application.
Justice Omotosho then adopted the agreement as the court’s judgment and commended both parties for choosing to resolve the matter amicably.
“The terms of settlement entered by the parties in suit number FHC/ABJ/CS/355/2025, dated October 30 and filed October 31, 2025, are hereby adopted as the judgment of this court,” the judge ruled.
The decision ends months of litigation after Meta challenged the NDPC’s fine and enforcement orders through a judicial review, claiming the agency acted beyond its powers and failed to follow due process.
After several adjournments to allow for discussions, both sides eventually reached a mutual resolution.
The NDPC’s case against Meta is one of its major enforcement actions under the Nigeria Data Protection Act, signed into law by President Bola Tinubu in June 2023, which seeks to strengthen the protection of Nigerians’ data privacy rights.
E-Business
World Economic Forum Head Predicts AI, Crypto Bubbles

Large investments in artificial intelligence and cryptocurrencies could lead to the development of bubbles, according to Børge Brende, president, World Economic Forum (WEF).

Børge Brende, president, World Economic Forum
“There is definitely a geopolitical disorder … But even in the situation of geopolitical disorder, the global economy has been incredibly resilient – not necessarily in Europe but in India, China and the USA,” Brende said in Berlin.
He noted that this was being fuelled by investments in new technologies like AI.
“This year has seen $US500 billion ($A762 billion) of investments in AI alone. So, what we can be worried about is that there may be bubbles developing, be it a bubble on crypto or an AI bubble,” Brende said.
The WEF head said investors need to be patient with these investments.
But he also said that frontier technologies would be the new drivers of growth.
“We will also need to make sure that the new technologies and the benefits trickle down. We could even see productivity gains of 10 per cent in the coming decade. And productivity is prosperity,” Brende said.
He described the new technologies as “a big paradigm shift” and predicted breakthroughs in medicine, synthetical biology, space and energy.
“AI can accelerate processes so quickly,” he said.
The Norwegian has taken over from WEF founder Klaus Schwab.
The forum holds an annual conference in Davos in the Swiss Alps attended by world political and economic leaders.
The 56th conference is scheduled for January 19-23, 2026.
Brende also expressed concern about global crises and conflicts.
“There is definitely a geopolitical disorder: the world order we had is not there anymore. What is the next world order? Hopefully not the law of the jungle,” he said.
And, in a reference to current US tariff policy, he said that uncertainty was the highest tariff.
“One of my worries is that global investments are going down. We need to re-establish an environment for investments,” he said.
Brende said the current competition between the United States and China was “basically a competition for hegemony or dominance in technology. The country that leads in new technologies – be it quantum, superintelligence, AI, autonomous vehicles or synthetical biology – will also be the most powerful nation coming out of this century,” he predicted.
And he called for multilateral action to deal with “problems that don’t travel with a passport,” including pandemics and cybercrime.
The world is becoming more complicated with different groups forming, Brende said.
He pointed to a G4 of the US, China, Europe and India, followed by fast-growing economies like Indonesia, Malaysia, Nigeria and Brazil.
“It’s going to be a renaissance for mega-regional, so-called plurilateral, deals. But the world is going to be more complicated. There are going to be more suboptimal, not necessarily cost-effective solutions. There is going to be more friendshoring,” he said.
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