Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

News

NIPOST Secures Stamp Duty Collection Right from FIRS

Published

on

Kindly share this post

The Federal Government on Thursday declared that the Nigerian Postal Service (NIPOST) is the agency authorised to produce and collect stamp duties in Nigeria.

By the latest declaration, NIPOST has reclaimed the right to collect stamp duties from the Federal Inland Revenue Service, bringing to an end the scuffle between both agencies on who had the right to collect stamp duties in Nigeria.

Isa Pantami, minister of Communications and Digital Economy,  made this public in Abuja during the inauguration of Nigeria’s 60th Independence Anniversary Commemorative Postage Stamps.

He said, “Our efforts regarding the issue of stamp duty collection with other government institutions have yielded positive results.

“NIPOST has been recognised as a government agency with statutory and historical authority to be the producer of stamps and recognised for the collection of stamp duties for validation of financial transactions in the country.”


Kindly share this post

Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

News

Presidents Mahama, Tinubu Honor Dr. Mike Adenuga on 72nd Birthday

Published

on

Kindly share this post

Presidents John Dramani Mahama of Ghana and Bola Ahmed Tinubu of Nigeria have celebrated the Chairman of Globacom, Dr. Mike Adenuga Jr., on the occasion of his 72nd birthday.

In congratulatory messages, both leaders praised Dr. Adenuga’s outstanding contributions to the economic development and growth of both Ghana and Nigeria. They commended his remarkable entrepreneurial spirit, resilience, and commitment to excellence.

President Mahama described Dr. Adenuga’s life as “a shining example of vision, resilience, and extraordinary accomplishment.” He noted that through his entrepreneurial endeavors, Dr. Adenuga has not only built enduring businesses but also contributed significantly to the socio-economic advancement of the African continent.

He noted that Dr. Adenuga’s leadership and philanthropic endeavour remain a beacon of inspiration for generations across Africa.

Also President Tinubu stated that Dr. Adenuga’s humility and diligence have enabled him to succeed in various sectors, including banking, telecommunications, oil, and gas. He praised Dr. Adenuga’s innovative approach to business, citing Globacom’s pioneering per-second billing, which expanded telephony and digital access to millions of Nigerians.

“In addition, Conoil has proven that an indigenous firm can compete with international oil companies, fostering energy independence and security for our country.” He added.

President Tinubu who expressed the gratitude of Nigerians to Dr. Adenuga for his immense contributions to the country’s progress and prosperity, also commended him for extending his investments to other African countries and Europe, “a bold effort which earned you well-deserved honours as Commander of the Legion of Honour (France) and Ghana’s Companion of the Star of Ghana”.

 


Kindly share this post
Continue Reading

News

Firm Warns Against AI Password Generation @ World Password Day

Published

on

Kindly share this post

Most online services and apps require the user to create a password. Chances are many of those passwords are not being used daily and due to this overabundance, there’s a high probability that many of the passwords are being reused.

Poor password management is compounded by a reliance on common combinations of names, dictionary words and numerals. Not only are these passwords relatively easy to decipher, but if a cybercriminal gains access to a password on one site, that could result in access to a plethora of other sites.

People are urged to create unique, random passwords to counter the vulnerability posed by using the same password multiple times. However, password creation and management can be an arduous task.

To tackle the burden of password creation and management, people might be tempted to use large language models (LLMs) like ChatGPT, Llama or DeepSeek to generate their passwords.

The appeal is clear. Rather than struggling to come up with a strong password, users can simply ask AI, “Generate a secure password” and get an instant result.

AI produces strings that look random, which helps avoid the human tendency to create predictable, dictionary-based passwords. But appearances can be deceptive, AI-generated passwords may not be as secure as they appear.

Alexey Antonov, Data Science Team Lead at Kaspersky, tested this by generating 1,000 passwords using some of the more prominent and trusted LLMs including ChatGPT (from OpenAI), Llama (model from Meta group), DeepSeek (newcomer from China).

“All of the models are aware that a good password consists of at least 12 characters, including uppercase and lowercase letters, numbers and symbols. They report this when generating passwords,” says Antonov.

“In practice, though, the algorithms often neglected to insert a special character or digits into the password: 26% of passwords for ChatGPT, 32% for Llama and 29% for DeepSeek. While DeepSeek and Llama sometimes generated passwords shorter than 12 characters.”

In 2024, Alexey Antonov developed a machine learning algorithm to test password strength and found that almost 60% of passwords can be cracked in under an hour using modern GPUs or cloud-based cracking tools.

When applied to AI-generated passwords, the results were alarming, they were far less secure than they appeared: 88% of DeepSeek and 87% of Llama generated passwords were not strong enough to withstand attack from sophisticated cyber criminals. While ChatGPT did a little better with 33% of passwords not strong enough to pass the Kaspersky test.

“The problem is LLMs don’t create true randomness. Instead, they mimic patterns from existing data, making their outputs predictable to attackers who understand how these models work,” notes Antonov.

 


Kindly share this post
Continue Reading

News

NBS Unveils Crowd-Sourcing Initiative for Accurate Statistical Data

Published

on

Kindly share this post

National Bureau of Statistics (NBS) has introduced a crowd-sourcing initiative aimed at providing more accurate statistical information and data to policymakers and the general public.

NBS Unveils Crowd-Sourcing Initiative for Accurate Statistical Data

According to a statement issued by Folorunso Alesanmi, head of Public Relations, the initiative, which commenced several months ago, involves compiling daily price data from a wide range of sources.

These include open markets, supermarkets, neighbourhood shops, bulk and discount stores, street outlets, and large retail shops.

Data collection has been conducted across all 36 States, the Federal Capital Territory (FCT), and every senatorial district.

However, the Bureau clarified that price data gathered through crowd-sourcing differs from the data used in computing the Consumer Price Index (CPI).

While CPI data is collected at specific, pre-determined outlets during the second and third weeks of each month, crowd-sourced price data is gathered randomly from different respondents daily.

By leveraging the power of crowd-sourcing, the Bureau has been able to gather a vast amount of data that offers a more nuanced picture of price trends in the economy.

“We are thrilled to release our first price data compiled through crowd-sourcing. This initiative represents a major step forward in our efforts to harness the power of technology and innovation to improve the quality and timeliness of our statistical data,” said Prince Semiu Adeyemi Adeniran, Statistician-General of the Federation and NBS CEO.

The newly released data offers insights into the prices of essential food items commonly consumed by Nigerians, such as local rice, white beans, white maize, garri, yam, and more. It provides a daily snapshot of food costs.

The NBS plans to update this data on a daily basis, offering entrepreneurs, policymakers, and researchers a valuable tool for monitoring price fluctuations and making informed decisions.

The data is accessible to the public through a dedicated dashboard, where users can view, analyze, and download it in real-time—enhancing transparency and accessibility.

“To this end, the agency has implemented a range of quality control measures, including data validation and verification processes, to ensure that the data is reliable and trustworthy,” the statement added.

The release of this crowd-sourced price data underscores the NBS’s commitment to innovation and collaboration.

By working with citizens and embracing technology, the Bureau aims to provide more timely and accurate statistics to drive economic growth and development


Kindly share this post
Continue Reading

Trending