E-Business
NITMA 2014 to Honour Excellence, Outstanding Contributions

Nigeria Computer Society (NCS) will once again be rewarding and celebrating excellence and outstanding contributions in Nigeria’s Information Technology (IT) space.
2014 National Information Technology Merit Award (NITMA) continues with its rich tradition of annually recognizing the best of the Nigerian IT profession and industry.
NCS, the nation’s foremost network of Information Technology (IT) practitioners and stakeholders will hold the most important and recognized award ceremony in the sector, at the Muson Centre, Onikan, Lagos, Nigeria on November 14, 2014.
Professor David O. Adewumi, NCS president has promised that NITMA 2014 will honour those have made significant impact in expanding the frontiers of Information Technology in Nigeria.
The Awards Nite celebrates the best of Nigerian information technology creativity and innovation changing society in fundamental ways.
Award winners are recognized for being inspiring symbols through their expertise and hard work.
Jide Awe, chairman, Publicity and Events Committee at NCS, in a press statement, said that annually through NITMA, the NCS honours and rewards excellence and tremendous contributions in the development and deployment of Information Technology in the country and the Diaspora. Category awards are based on IT specialization, NCS standards and global best practices.
An expected highlight already generating immense interest is Information Technology‘s most prestigious award – the IT Personality of the Year Award.
Also attracting serious attention are the Professional fellowships that will be conferred on deserving practitioners. Professional Fellowship conferment is the highest recognition of professional excellence anyone can receive in IT practice in Nigeria.
The High Profile Award Nite promotes excellence, high performance and innovation within the Nigerian IT community to encourage such performance from practitioners, organizations and stakeholders.
The Nigerian Champion of information technology innovation, education, research and entrepreneurship uses NITMA to reflect the value it places on hard work, dedication, merit and outstanding accomplishments in this most critical sector underpinning the whole of the society and economy.
NITMA is about changing society, beaming a positive light on the IT sector and building a legacy that speaks to the unique values NCS promotes.
The annual event attracts not just professionals, innovators, researchers and entrepreneurs, but also policy makers and decision makers in the private and public sectors.
Organized successfully from 2009, NITMA is credible, forward looking and important in promoting long term sustainability of the IT sector and developing Nigeria’s knowledge society. It is a responsibility that defines the essence of NCS.
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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