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

E-Business

Rally Trade Unveils new website & partner program

Published

on

L-R: Razvan Mihai, Global Head of Training, Rally Trade; Kolawole Okeowo, Head of Operations, Rally Trade; Luca Constantinescu, CEO, Rally Trade; Michael Akinwale, General Manager, Rally Trade, at the website and partner program launch which held in Lagos on Saturday.
Kindly share this post

Rally Trade has unveiled its New Partner Program and website. The new partner program is aimed at empowering its proficient clients to share their new-found skills with others while representing the values that Rally Trade stands for.

 

Speaking at the unveiling, Luca Constantinescu, CEO, Rally Trade; said that the platform is custom built for Nigerian partners which will enable them to generate additional revenue that rewards and supports their efforts.

 

He explained that anyone with social and teaching skills is invited to register themselves in Rally Trade’s Partner Program either as an Introducing Broker or an Affiliate, to access their database of promotional and educational materials, and start collecting the rebates rewarded for their referrals.

 

Constantinescu added that the brand-new Partner Program is based on a Multi-Tier structure that enables its partners to earn on introduced sub-partners as well up to 3 Tiers.

 

He also revealed that they have increased percentage split of Net Spreads, starting from 1st of August 2019.

 

This new rebate system, according to him will offer 60% of Net Spread for Direct Clients, 15% of Net Spread for Tier 2 Clients and 5% of Net Spread for Tier 3 Clients.

 

He said, “Serving as an example of the latest trends and technology available for a better user experience, Rally Trade’s website (www.rally.trade) has just gone through a major overhaul.

 

“It has been developed specifically for its Nigerian users to accommodate the need for a platform that encourages online access making vital information available from anywhere and at any time.

 

“Traders anywhere will be able to find the latest industry news, regularly updated market analysis, an events section to keep them up to date on all upcoming events, and an updated learning centre created for all traders by visiting www.rally.trade.

 

“Also starting on the 1st of August 2019, trading conditions on its MT4 Platform will be upgraded. “Leverage, currently set at a maximumof 1:200, will be increased to 1:500. This upgrade comes as a popular demand from traders that use the most prevalent trading platform in the world.

 

“Moreover, Rally Trade will continue to offer leverage as high as 1:1000 on its cutting-edge Rally xTrader platform for proficient traders.”

 

Rally Trade, established in 2015, is an international online broker providing highly competitive brokerage services to markets with emerging economies.

Winner of the “Best New Comer Broker in the Region” Award at the Lagos Forex Expo in 2015 and the “Best Broker in Nigeria” Award at the 2018 Lagos Traders Expo.

Rally Trade is well known for the top quality services it is providing to its Nigerian customers alongside the exciting competitions it has organized on its cutting edge trading platforms.

In Nigeria, Rally Trade currently has offices in Lagos, Port Harcourt, and Ibadan, and plans on expanding its reach across the nation.

 

Rally Academy serves as the educational arm of Rally Trade and is a platform that enabled the company to make considerable investments in the financial education of Nigerians.

Employing a team of world class professionals to guide Nigerians in starting their online businesses, Rally Academy specializes in services for Online Entrepreneurs and Investors, holds recurring seminars and educational events across the country informing the public on various streams of income via online businesses.

Over the past 3 years, Rally Academy has trained over 10,000 entrepreneurs and enabled them to start generating incomes in the online environment.

 

The Partner Program which is now available for pre-registration at www.rally.trade/Partner-Program/register will commence on the 1st of August, 2019.

 

 

 

 


Kindly share this post

Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. 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

E-Business

SERAP Calls for Withdrawal of Nigeria’s Data Act Amendment

Published

on

Kindly share this post

Socio-Economic Rights and Accountability Project (SERAP) has called for the withdrawal of the amendment of the Nigeria Data Protection Act 2023 because it seeks to regulate the activities of bloggers operating within the territorial boundaries of Nigeria.

SERAP Calls for Withdrawal of Nigeria’s Data Act Amendment

The organisation in its letter urged  Mr Godswill Akpabio, Senate President, and Mr Tajudeen Abbas, Speaker of the House of Representatives, to “immediately withdraw the repressive bill.”

The titled A Bill for an Act to Amend the Nigeria Data Protection Act, 2023, to Mandate the Establishment of Physical Offices within the Territorial Boundaries of the Federal Republic of Nigeria by Social Media Platforms and for Related Matters among others intends to regulate bloggers, including by requiring all bloggers to register local offices and join recognised national association for bloggers.

Currently, the bill has passed its first and second reading in the Senate.

In the letter signed its deputy director, Mr Kolawole Oluwadare, SERAP asked Mr Akpabio and Mr Abbas “to ensure that any amendment to the Nigeria Data Protection Act promotes and protects the rights of bloggers and other journalists and does not undermine the fundamental human rights of Nigerians.”

It demanded an end to “the imposition of unnecessary restrictions on the rights of Nigerians online and Internet-based content.”

In the letter dated April 12, 2025, the group said, “This bill is a blatant attempt to bring back and fast-track the obnoxious and widely rejected social media bill by the back-door.”

“If passed, the bill would also be used to ban major social media platforms—including Facebook, X (formerly Twitter), Instagram, WhatsApp, YouTube, TikTok, and independent bloggers if they ‘continuously fail to establish/register and maintain physical offices in Nigeria for a period of 30 days.

“Lawmakers should not become arbiters of truth in the public and political domain. Regulating the activities of bloggers and forcing them to associate would have a significant chilling effect on freedom of expression and lead to censorship or restraint.

“Should the National Assembly and its leadership fail to withdraw the bill to regulate the activities of bloggers, and should any such bill be assented to by President Bola Tinubu, SERAP would consider appropriate legal action to challenge the legality of any such law and ensure it is never implemented in the public interest,” the organisation warned.

 

 

 

 

 


Kindly share this post
Continue Reading

E-Business

NITDA Warns Against Fake Google Play Store

Published

on

Kindly share this post

National Information Technology Development Agency (NITDA) has issued a public advisory warning Nigerians about a fraudulent website impersonating the Google Play Store.

NITDA Warns Against Fake Google Play Store

Mrs Hadiza Umar, head of Corporate Affairs and External Relations at NITDA, made this known on Friday in Abuja.

Umar stated that the fake website was distributing a new malware strain known as the Play Praetor Trojan.

“Cybercriminals are using fraudulent websites designed to mimic the Google Play Store to lure victims into downloading malicious applications,” she said.

She explained that the fake Play Store links were being circulated through various social engineering tactics, including phishing emails, malicious advertisements, and SMS messages.

According to Umar, once the fake application is installed, the Play Praetor Trojan gives attackers unauthorised access to the victim’s device.

“This access can lead to data theft, credential harvesting, financial fraud, remote control of the device, and further malware deployment,” she warned.

She urged the public to download apps only from the official Google Play Store or other trusted sources.

Umar also advised users to verify app developers, read reviews before installation, regularly update their devices and apps to patch vulnerabilities, and use reputable mobile security solutions to detect and block threats.

 

 


Kindly share this post
Continue Reading

E-Business

Cyberattacks: ‘56 Percent of Cases Stem from Existing Logins

Published

on

Kindly share this post

A new report by Sophos, ybersecurity firm, has said that attackers primarily gained initial network access—56 per cent of all MDR and IR cases—by exploiting external remote services like firewalls and VPNs using valid credentials.

Cyberattacks: ‘56 Percent of Cases Stem from Existing Logins

The 2025 Sophos Active Adversary Report details attacker behavior and techniques from over 400 Managed Detection and Response [MDR] and Incident Response [IR] cases in 2024.

According to the report, the combination of external remote services and valid accounts align with the top root causes of attacks.

For the second year in row, compromised credentials were the number one root cause of attacks [41% of cases]. This was followed by exploited vulnerabilities [21.79%] and brute force attacks [21.07%].

When analysing MDR and IR investigations, the Sophos X-Ops team looked specifically at ransomware, data exfiltration, and data extortion cases to identify how fast attackers progressed through the stages of an attack within an organisation.

In those three types of cases, the median time between the start of an attack and exfiltration was only 72.98 hours [3.04 days]. Furthermore, there was only a median of 2.7 hours from exfiltration to attack detection.

“Passive security is no longer enough. While prevention is essential, rapid response is critical. Organisations must actively monitor networks and act swiftly against observed telemetry.

Coordinated attacks by motivated adversaries require a coordinated defense. “For many organisations, that means combining business-specific knowledge with expert-led detection and response.

Our report confirms that organizations with proactive monitoring detect attacks faster and experience better outcomes,” said John Shier, field CISO.

The 2025 Sophos Active Adversary Report further reveals that attackers can move quickly, with a median of just 11 hours between initial access and a breach attempt on Active Directory, a critical asset in Windows environments.

Akira emerged as the most prevalent ransomware group in 2024, followed by Fog and LockBit, the latter still active despite a major takedown.

Attack detection has improved overall, with dwell time—the time attackers remain undetected—dropping from four days to just two, thanks largely to the inclusion of MDR (Managed Detection and Response) cases.

Dwell time varied depending on the type of case: it held steady at 4 days for ransomware and 11.5 days for non-ransomware cases in incident response (IR) investigations.

In contrast, MDR cases showed much faster response times—3 days for ransomware and just 1 day for non-ransom – ware attacks.

The report also highlights that 83% of ransomware deployments occurred outside local business hours, showing attackers favor overnight activity.

Additionally, Remote Desktop Protocol (RDP) was exploited in 84% of cases, making it the most commonly abused Microsoft tool.

To strengthen their cybersecurity posture, Sophos advises organizations to take several key steps.

First, they should close any exposed Remote Desktop Protocol (RDP) ports and implement phishing-resistant multifactor authentication (MFA) wherever feasible to reduce unauthorized access risks.

Additionally, companies should prioritize timely patching of vulnerable systems, especially those exposed to the internet. Deploying Endpoint Detection and Response (EDR) or Managed Detection and Response (MDR) solutions with 24/7 monitoring is crucial.

Finally, having a well-defined incident response plan—and regularly testing it through simulations or tabletop exercises—can greatly improve preparedness for potential attacks.


Kindly share this post
Continue Reading

Trending