News
Tradefada Bags ‘Blockchain Services Platform Provider of the Year (Crypto)’ Award @ BoICT 2022

Tradefada, a One-Stop Cryptocurrency exchange platform on Saturday 28th of May won the ‘Blockchain Services Platform Provider of the Year (Crypto)’ award at the Beacon of ICT Awards, organized by Communication Week Media Limited, publishers of Nigeria CommunicationsWeek.

Mr. Seun Dania, founder and CEO of tradefada, with a staff (Center) flanked by Engr. Ike Nnamani, President, Association of Telecommunications Companies of Nigeria (ATCON), (Left) and Ken Nwogbo, Editor In-Chief of Nigeria Communications Week, organizers of the awards (Right) during the award presentation, held on Saturday, May 28, 2022.
Announcing Tradefada as the winner, the organizer said the company pulled the highest votes to emerged in the category, stressing that the award was keenly contested by four other companies.
“We are pleased to have the honour to announce Tradefada as a winner of this year’s Beacon of ICT Awards having gathered the highest votes in the ‘Blockchain Services Platform Provider of the Year (Crypto)’, it said at the award night, which attracted stakeholders from various segment of the ICT industry.
The organizer added that the award is a testament to Tradefada’s talents, innovations, contributions and commitments to the growth of the ICT industry.
Receiving the award on behalf of the company, an excited Chief Executive Officer of Tradefada, Mr. Seun Dania noted that the award is a display of the fact that stakeholders have come to the realization that Tradefada has become a house-hold brand in the industry, adding that it is happy that Nigerians have recognized its hard work, sincerity and dedication towards the development of ICT industry.
“We are excited to have received ‘Blockchain Services Platform Provider of the Year (Crypto)’ award. For us, it is exciting and a challenge to us to do more because to whom much is given, much is also expected,” he said.
While dedicating the award to its customers and dedicated staff, Mr. Seun promised that Tradefada will continue to provide innovative platform that will allow most Africans to partake and adopt cryptocurrencies from their mobile devices and web browsers.
“We will also be exploring the new waves in the crypto space i.e. Metaverse and NFTs. We will also be providing a staking platform where our customers can safely stake their crypto and earn yearly % returns,” he assured.
Tradefada is a One-Stop Cryptocurrency exchange that combines the reliability and swiftness of a web-based exchange with the convenience and portability of a mobile app. Tradefada offers the ability to buy into the crypto market through various local Fiat currencies and trade on over 100 pairs of the top and most reliable cryptocurrencies.
Founded in 2017 by a duo of experienced digital currency traders with a vision to see Africa benefit immensely and achieve economic freedom by leveraging on cryptocurrencies, Tradefada provides solutions to all levels of cryptocurrency trader’s needs.
Tradefada services extends to over 30 countries, providing easy access to buy and sell crypto for various fiat currencies. made possible through strategic partnerships with excellent third-party service providers.
News
ARCON to Crackdown on AI-Generated Fake Ads

Advertising Regulatory Council of Nigeria (ARCON) has issued a stern warning to marketers, content creators, and social media influencers amid an alarming rise in fraudulent, AI-generated advertisements circulating across digital platforms.
Dr. Olalekan Fadolapo, director-general, ARCON, during a press briefing at its Lagos headquarters, decried the “porous” state of Nigeria’s online ad ecosystem and pledged to prosecute offenders to the fullest extent of the law.
Dr. Fadolapo opened the media parley by highlighting how easily unscrupulous operators deploy artificial intelligence tools to produce convincing—but entirely fabricated—advertisements.
“Our social media space has become so porous that people now freely post fake adverts, some of which claim outrageous and bogus benefits,” he remarked.
According to the Director-General, these deceptive campaigns often promise “miraculous cures” or “guaranteed returns” without any credible data or verifiable sources to back them.
Among the most alarming examples cited was an herbal remedy advertisement alleging to cure over 200 ailments—ranging from HIV to cancer—through a single “miracle” concoction.
“Imagine an advert claiming that a single herbal drug could cure HIV, cancer, and more than 200 other diseases,” Dr. Fadolapo said.
ARCON’s DG emphasized that such misleading advertisements not only jeopardize public health—by luring vulnerable individuals into purchasing untested or harmful products—but also undermine consumer confidence in legitimate businesses operating within advertising guidelines.
Dr. Fadolapo pointed to the regulatory vacuum that allows bad actors to exploit the anonymity of social media.
Unlike traditional broadcast or print media—where advertisements must pass through editorial or legal vetting—online platforms can be manipulated with minimal oversight.
Creating an ad using AI-powered design and voice generators, he warned, takes only minutes, making it difficult for regulators to identify the original perpetrators.
“The CBEX case is a painful reminder of what can happen when digital platforms are left unchecked,” Dr. Fadolapo said, explaining that the scheme purportedly defrauded unsuspecting Nigerians of nearly $2 trillion through slick, unregulated social media promotions.
He described how the CBEX promoters used AI-generated video testimonials, falsified financial statements, and cloned websites to entice victims with promises of triple-digit returns on cryptocurrency trades.
News
Microsoft Sacks 300 Staff as Job Cut Hits 6,300

Microsoft has laid off over 300 employees as part of a fresh round of job cuts.
The latest layoffs, disclosed through a notice filed in Washington state, affected several hundred positions across various departments.
However, the tech company did not specify which units were impacted, the publication said.
Citing a notice, the report said a spokesperson for Microsoft described the move as a “recalibration” in response to shifting business priorities and a fast-changing tech landscape.
“We continue to implement organisational changes necessary to best position the company for success in a dynamic marketplace,” the spokesperson said.
News
FG, UNICEF Partner to Train 20m Youths on Digital Skills

Vice President Kashim Shettima on Tuesday, said the Federal Government has renewed its strategic partnership with the United Nations International Children’s Emergency Fund (UNICEF) to train and empower 20 million young Nigerians with digital skills by 2030.
This is just as the Vice President has accepted to chair the board of Generation Unlimited Nigeria (GenU 9JA), a public-private-youth partnership platform constituted to help young Nigerians between the ages of 10 and 24 transition from learning to earning through digital connectivity.
Shettima, while speaking during a meeting with Mohammed Fall, the United Nations Resident and Humanitarian Coordinator; Rownak Khan, UNICEF Deputy Representative and Celine Lafoucriere, Chief of the UNICEF Lagos Field Office, at the President Villa, Abuja, warned that Nigeria’s rapidly growing population, currently estimated at over 230 million with an average age of 17, presents both a challenge and an opportunity.
Shettima described his invitation to serve as Chair of the Generation Unlimited (GenU 9JA), as a great honour, adding that ” This platform provides a vista of opportunities for our young people. Beyond rhetoric, if we want to survive and thrive, we must empower our youth through digital means. That’s the only way forward,” the Vice President said.
The GenU 9JA initiative aligns with the Federal Government’s Renewed Hope Agenda, which prioritises inclusive development, digital innovation, and youth empowerment as tools for national transformation.
Shettima stressed that Nigeria is not seeking handouts but sustainable, equitable partnerships. “We are not looking for charity. We want a mutually beneficial relationship—one based on respect and shared interests. This is why I’m very passionate about the digital initiative. Beyond leadership in our enlightened self-interest, if we want to live in this part of the world, we have to involve them, we have to empower them,” he said.
He described the initiative as a beautiful programme that would enable the Nigerian youths trade their skills in the global market, saying “from earning to learning is a beautiful initiative and more than any other platform, the digital space gives us the easiest window to get the youth engaged effortlessly.
“They can trade their skills in the global market. I know of a lot of young Nigerians who are working for global firms from the comfort of their homes,” he added.
Fall had in his remarks earlier, praised Nigeria’s leadership under President Bola Tinubu, noting that the GenU platform is central to addressing youth unemployment, educational inequality, and digital exclusion.
“Under the Renewed Hope Agenda, youth-focused initiatives—skills, digital access, and employment—are critical. And GenU is helping to drive those priorities,” Fall said.
Also, Khan, in his remarks, revealed that the GenU 9JA is one of UNICEF’s most successful global youth empowerment programmes, with Nigeria showcased as a model.
“We’ve seen incredible results from Nigeria. Few countries globally have recorded the level of youth impact that GenU 9JA has achieved,” she said.
According to Khan, the programme is built on three pillars: digital connectivity, pathways from learning to earning, and youth engagement and empowerment—all designed to prepare Nigerian youth for today’s job market.
On her part, Celine Lafoucriere, noted that since its launch in 2022, GenU 9JA has impacted over 10 million young people, with 1,500 job linkages already secured.
“To reach our target of 20 million youth by 2030, we must now strengthen coordination among partners and align even more closely with national policy,” Lafoucriere said.
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