E-Business
Opera Buys Skyfire Labs for $155m

Opera has acquired US mobile video optimisation and cloud solutions company Skyfire Labs for up to $155 million.
Skyfire’s Rocket Optimizer software allows operators to optimise nearly any video and other multimedia on crowded base stations supporting 3G, LTE and other technologies.
According to the company, the solution offers a 60 percent capacity boost, on average, by reducing the size of the content to fit the available bandwidth. The approach aligns with the trend toward SDN (software-defined networking) and NFV (network function virtualisation) among operators.
The company also sells the Skyfire Horizon mobile browser extension and toolbar platform for users to personalise their handsdet’s browser and operators to gain monetisation opportunities.
Skyfire’s consumer apps have been downloaded 20 million times to date.
The company counts three major US operators as customers.
Lars Boilsen, Opera CEO said the new division positions the company well in a market where video is expected to consume two-thirds of global mobile bandwidth by 2015.
The acquisition price includes a mix of cash and stock, with an upfront consideration of $50 million (including USD 8 million of cash on the Skyfire balance sheet) and performance based earn-out payments over three years, including $26 million in cash held in escrow and funded upfront, that can bring the total deal size to $155 million.
The transaction is expected to close before March 15.
E-Business
Microsoft Server Hack Likely Solo Actor, Thousands at Risk

A widespread cyberattack targeting Microsoft’s (MSFT.O) server software used by thousands of government agencies and businesses for internal document sharing was likely orchestrated by a single actor, a cybersecurity researcher said on Monday.
Microsoft issued an alert on Saturday warning of “active attacks” on on-premise SharePoint servers.
The company clarified that SharePoint Online, part of the Microsoft 365 cloud suite, was not affected by the exploit, which is considered a “zero-day” vulnerability due to its previously undiscovered nature.
“Based on the consistency of the tradecraft seen across observed attacks, the campaign launched on Friday appears to be a single actor. However, it’s possible that this will quickly change,” Rafe Pilling, director of Threat Intelligence at Sophos, a British cybersecurity firm.
That tradecraft included the sending of the same digital payload to multiple targets, Pilling added.
Microsoft said it had “provided security updates and encourages customers to install them,” a company spokesperson said in an emailed statement.
It was not clear who was behind the ongoing hack. The FBI said on Sunday it was aware of the attacks and was working closely with its federal and private-sector partners, but offered no other details.
Britain’s National Cyber Security Centre did not immediately respond to a request for comment.
The Washington Post said unidentified actors in the past few days had exploited a flaw to launch an attack that targeted U.S. and international agencies and businesses.
According to data from Shodan, a search engine that helps to identify internet-linked equipment, over 8,000 servers online could theoretically have already been compromised by hackers.
Those servers include major industrial firms, banks, auditors, healthcare companies, and several U.S. state-level and international government entities.
“The SharePoint incident appears to have created a broad level of compromise across a range of servers globally,” said Daniel Card of British cybersecurity consultancy, PwnDefend.
“Taking an assumed breach approach is wise, and it’s also important to understand that just applying the patch isn’t all that is required here.”
E-Business
Flaw in Microsoft SharePoint Sparks Global Cybersecurity Concern

A Microsoft SharePoint server software flaw is causing widespread concern across the global cybersecurity landscape, exposing thousands of organisations to hackers exploiting a new vulnerability.
This critical vulnerability exposes government agencies, universities, and energy firms who are at risk of cyberattacks. The flaw, now being actively exploited by unidentified hackers, allows attackers to gain deep, remote access to on-premise SharePoint servers.
The U.S. Cybersecurity and Infrastructure Security Agency (CISA) has confirmed that the vulnerability can enable malicious actors to access internal files, change configurations, and even execute remote code, effectively giving them high-level control over compromised systems.
Microsoft has also acknowledged the breach and released a security patch aimed at stopping the ongoing attacks. The firm urged users to apply the patch immediately, saying it is working to roll out additional protections, according to a statement reported by Bloomberg.
Despite these efforts, cybersecurity researchers warn that systems may remain vulnerable if attackers have already infiltrated networks, stolen authentication keys, or implanted persistent backdoors before patches were applied.
The United States hosts the highest number of these vulnerable systems, followed by the Netherlands, the United Kingdom, and Canada.
The Washington Post reported that the breach has already impacted a range of institutions, including U.S. federal and state agencies, academic institutions, energy companies, and a telecommunications firm in Asia.
This latest incident adds to a growing list of cybersecurity challenges facing Microsoft. In March, the company revealed that Chinese state-backed hackers had targeted its cloud-based services to infiltrate both U.S. and international organisations.
Last year, the U.S. Cyber Safety Review Board sharply criticised Microsoft’s internal security culture as ‘inadequate’ after a separate breach compromised its Exchange Online mail systems and exposed communications of high-level officials.
E-Business
NIMC Enrolls 122m for NIN, Cuts Extortion by 40 Percent

National Identity Management Commission (NIMC) has said that it has reduced incidents of extortion and unofficial charges in the identity enrolment process by over 40 per cent.

Abisoye Coker-Odusote, director general of NIMC,
Abisoye Coker-Odusote, director general of NIMC, who disclosed this at an event in Lagos at the weekend, attributed the drop to improved transparency in fee structure at the commission.
The CEO was represented by Lanre Yusuf, director, Information Technology and Identity Database, NINC.
The workshop, organised by the identity regulator in partnership with the Guild of Corporate Online Publishers, focused on repositioning Nigeria’s digital identity landscape and combating misinformation.
According to Coker-Odusote, the sharp reduction in illicit charges is a direct result of reforms introduced by NIMC to curb racketeering and unauthorised payments, which have for years plagued the national identity registration process..
“Enrolment for the National Identification Number remains free. We have standardised modification and authentication fees, and these are publicly disclosed. Our enforcement of a transparent fee structure has resulted in a 40 per cent drop in extortion and unofficial charges,” the regulator said.
She explained that prior to her assumption of office, complaints about exploitative fees at enrolment centres were widespread, fuelling public distrust in the system.
However, she noted that the commission had since prioritised transparency and stakeholder accountability, ensuring that Nigerians no longer have to pay above the legally mandated fees. “We are addressing deep-rooted issues that once undermined public confidence in the enrolment process,” she said.
The NIMC chief added that the commission had introduced digital tools to reduce human interference in the registration process.
These include the NINAuth mobile app, the Self-Service NIN Enrolment and Modification app, and Contactless Biometric Solutions, all designed to make the system more efficient, secure, and user-friendly.
Coker-Odusote also reiterated the commission’s commitment to inclusion, stressing that no Nigerian should be left behind in the country’s digital identity transformation.
According to her, over 7,167 front-end enrolment agents and partners have been revalidated and retrained to serve the public professionally, with strict monitoring mechanisms now in place.
In addition, NIMC has deployed grievance redress officers across all 36 states to handle complaints from Nigerians about enrolment centres and agents, with a 24/7 toll-free line available to report any misconduct.
The reforms are part of broader efforts by the Commission to build a unified, secure, and people-centred digital identity system that facilitates access to government services, financial inclusion, social protection, and national planning.
Coker-Odusote called on media partners to support the Commission in disseminating accurate information, countering misinformation, and raising awareness about the benefits of digital identity.
“We are asking our partners in the media to help us combat fake news and promote transparency in the identity ecosystem. We need to ensure every Nigerian understands their rights and knows that their identity is key to accessing opportunities and services,” she said.
- General News2 days ago
Prateek Suri CEO Maser Meets Zambia’s Education Minister to Propel Student Housing and Education Projects
- News1 day ago
UN Appoints Sa’id, Nigerian to Nuclear Panel
- E-Financial1 day ago
UBA’s LEO Becomes Africa’s First Chatbot to Enable Cross-Border Payments
- Telecom1 day ago
MTN Urges Nigerian to Regards Telecom Infrastructure as National Assets
- E-Business1 day ago
NIMC Enrolls 122m for NIN, Cuts Extortion by 40 Percent
- General News1 day ago
Appeal Court Nullifies Registration of ‘KPMG Professional Services’
- E-Financial1 day ago
SEC to Introduce USSD Codes to Fight Ponzi Schemes
- E-Financial1 day ago
Polaris Bank Equips 500+ Journalists with Digital Tools for Modern Storytelling