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

General News

Ultimate Brand Faceoff as CVA 2024 Voting Closes 30th June

Published

on

Kindly share this post

Consumers show their loyalty for their preferred Brands in the ongoing voting for brands based on market experiences that is scheduled to close on 30th September 2024. In over 40 categories listed based on consumers nomination, Brands are contending for the top spots based on consumer preference.

The ongoing voting process is transparent and can be seen by anyone as the data is available on the consumer value awards website. In the telecommunication category (MNOS), MTN takes the Top spot having 46% of consumers vote in the category, Spectranet leads the Internet Service Provider Category with 80% of votes.

In the Table Water Category CWay overtakes Eva water who was the leading brand in the last month with Cway now having 37% of the vote in the category. This shows how competitive the voting is.

Some other brands have also moved up to be in the top spot in their categories, brands like fearless with 55% of vote in the Energy Drink category, Reload Multivitamin with 64% of vote in Multivitamin Infant category, cowbell with 55% vote in the Milk Skimmed Powdered category among others.

Akonte Ekine, Chief Executive Officer BrandXchange and Convener Consumers Value awards said the consumers are validating brand promises and it is a reward for promise kept hence the badge of honour from the Consumers which shows brand appreciation and a call to brand to wake up to the challenges of the economy and innovate to attend to the rising cost of living.

He commended the consumers for participating in the vote and call on more consumers to vote for brands as the closing date of 30th June is fast drawing near.


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

General News

Cyberattacks Using Family-favourite Brands Rise by 38% Over Past Year

Published

on

Kindly share this post

Ahead of the International Day of Families, observed on May 15, Kaspersky experts analysed cyberthreats that use popular family-focused brands, such as Disney, LEGO, Toca Boca and others as bait. The research, based on selected keywords monitoring, revealed a steady rise in attack attempts, which increased by 38% from Q2 2024 to Q1 2025.

Kaspersky telemetry shows a consistent upward trend in the number of attempted attacks exploiting children – and family-related brands. Starting from just 89,000 in Q2 2024, the number of attacks has increased quarter by quarter, reaching almost 123,000 in Q1 2025. Throughout the reported period, Kaspersky detected over 432,000 such attempts.

Among the most frequently exploited brands throughout the reported period were LEGO, Disney and Toca Boca — all widely recognised and trusted by children and parents alike. LEGO-themed content accounted for the overwhelming majority of attacks, with over 306,000 attempts, followed by Disney (62,000) and Toca Boca (45,000).

Paw Patrol and Peppa Pig were also used as popular lures, though to a lesser extent — 12,500 and 4,900 attempted attacks. Cybercriminals exploit the popularity and emotional familiarity of these brands to trick users into downloading malicious files, often disguised as cartoons or games. The more popular the brand is, the more attractive it becomes as a hook for threat actors.

Kaspersky’s analysis shows that the most common threats targeting children and families are not always the most obvious ones. Throughout the reported period, nearly 400,000 infection attempts were linked to Downloaders — software that may appear harmless but is often used to silently deliver other potentially dangerous applications. These downloaders are frequently disguised as games, videos, or installers related to popular brands, making them especially effective at tricking users.

Furthermore, over 7,800 cases involved Trojans, which can steal sensitive data, monitor activity or grant remote access to attackers. These are particularly dangerous when hiding inside seemingly innocent files, such as cheats or fan-made apps.

Meanwhile, adware accounted for over 6,400 attempted attacks, typically appearing as flashy games or video apps that bombard users with unwanted ads, slowing down devices and potentially opening the door to additional threats.

As part of the analysis, Kaspersky researchers identified multiple scam and phishing websites mimicking the design and branding of popular among family companies. One notable example was a phishing page crafted to resemble the official Tokyo Disney Resort website.

Such scams are often indistinguishable from legitimate pages at first glance, with the only difference being the URL of the website. The fraudulent site offered users the chance to “buy” park tickets, just like the real one, and prompted them to enter their personal and payment information. However, instead of securing a magical day at the theme park, victims could have their bank card details stolen.

Another discovery made by Kaspersky researchers involved scams exploiting the name of MrBeast — a YouTube celebrity widely followed by children and teens, and well-known for giving away expensive prizes like gadgets, money and even houses. Cybercriminals created phishing pages promising “free gifts from MrBeast,” including digital gift cards for platforms such as Roblox, Xbox and PlayStation.

The site prompted users to choose their prize and complete a seemingly harmless task to claim it. To increase urgency, a countdown timer was displayed, urging visitors to “complete a sponsored activity” within a limited time to unlock the final reward code.

The entire process is a tactic designed to redirect victims to increasingly deceptive scam pages. Eventually, users are asked to pay a small commission fee to claim their “gift”. However, after submitting the payment, the victim may be left with no reward and may have lost money.

“Cybercriminals are masters of emotional manipulation — and there is hardly anything more emotionally charged than content children trust and love. By imitating popular brands or influencers like MrBeast, attackers create a sense of familiarity and excitement that lowers users’ guard. That’s why it’s essential for parents to stay informed and teach kids how to question ‘too-good-to-be-true’ offers before clicking,” comments Evgeny Kuskov, Security Expert at Kaspersky.

 


Kindly share this post
Continue Reading

General News

Airtel Money Plans IPO to Compete in Fintech Space

Published

on

Kindly share this post

Airtel Africa is positioning its mobile money platform, Airtel Money, to challenge Africa’s fintech giants through a planned initial public offering set for the first half of 2026,  Sunil Taldar, chief executive officer said in the company’s latest financial results.

Airtel Money Plans IPO to Compete in Fintech Space

The IPO will bolster Airtel Money’s ability to compete with dominant players like Safaricom’s M-Pesa and MTN’s MoMo in the continent’s rapidly growing fintech market.

The operator’s fintech unit, operating across 14 African countries including Nigeria, has grown its subscriber base by 17.3 per cent year-on-year to 44.6 million active users as of early 2025, according to the company’s first-quarter financial results.

The mobile money platform provides critical financial services to millions of unbanked users, enabling digital transactions, credit access, and remittances via mobile phones.

This focus on financial inclusion aligns with Airtel Africa’s mission to drive economic prosperity and transform lives across its markets.

“We are making significant progress in our preparations for the Airtel Money IPO and remain committed to this objective,” Taldar said, underscoring the strategic importance of the listing.

He cautioned that the IPO remains subject to market conditions, adding, “Therefore, subject to these conditions, we anticipate a listing event in the first half of the calendar year 2026.”

The IPO is expected to raise capital to scale Airtel Money’s operations and sharpen its competitive edge.

Safaricom’s M-Pesa, with 70 million users across Africa and a stronghold in Kenya, remains the market leader, while MTN’s MoMo commands 65 million active users, particularly in West and Central Africa.

However, MoMo’s Nigerian arm, MoMo PSB, saw a 55.6 per cent year-on-year decline in active wallets, dropping to 2.1 million in Q1 2025, a vulnerability Airtel’s fintech unit could capitalise on.

Airtel Money’s growth strategy hinges on leveraging its expanding user base and innovative services to close the gap with its rivals.

The platform’s ability to empower underserved communities through accessible financial tools positions it as a key player in Africa’s fintech frontier.

Taldar emphasised the company’s broader vision, stating, “We will remain focused on delivering our strategy to transform the lives of our customers and support economic prosperity across our markets.”

Expressing gratitude to stakeholders, Taldar noted, “I want to say a particular thank-you to our customers, partners, governments, and regulators for their support and our employees for their unrelenting contribution to the business.” This collaborative effort underpins Airtel Africa’s confidence as it advances toward the 2026 IPO.


Kindly share this post
Continue Reading

General News

NDPC to Launch Regulatory AI Sandboxes for Data Protection in Nigeria

Published

on

Kindly share this post

The Nigeria Data Protection Commission (NDPC) has partnered with private sector ICT firms to explore the use of adaptive regulatory sandboxes that can support the integration of Artificial Intelligence (AI) into data protection frameworks while enabling cross-border innovation.

This was revealed during a one-day workshop held in Abuja titled “Co-Creation Lab on Africa Sandboxes for AI”. The event also featured the evaluation of the African Sandbox Outlook report.

The workshop focused on how regulatory sandboxes could serve as safe testing environments for AI technologies and foster data-driven innovation on the continent.

Speaking at the event, National Commissioner of the NDPC, Dr. Vincent Olatunji, said the commission is actively examining the role of regulatory sandboxes as part of its mandate under the Nigeria Data Protection Act (NDPA).

Represented by Ms. Adaobi Nwankwo, Head of the Commission’s Innovation Unit, Olatunji said: “Sandboxes aim to encourage responsible AI, foster compliance with the NDPA, and promote trust, fairness, accountability, and transparency.

“The goal is to create a competitive environment for AI developers and data scientists while addressing Africa’s unique challenges.”

He noted that a functional regulatory sandbox would need to operate within real-time legal and regulatory frameworks to ensure effective testing of AI and data-driven solutions.

 Also speaking at the workshop, Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, stressed that while AI offers transformative opportunities for digital infrastructure, network optimization, and public service delivery, it also raises complex regulatory and ethical concerns.

Represented by Mr. Babagana Digima, Deputy Director of New Media and Information Security at NCC, Maida highlighted the significance of regulatory sandboxes as tools for collaborative policy development:

“Sandboxes provide a controlled environment for innovators to test AI under regulatory supervision.

“This encourages collaborative learning, risk mitigation, and evidence-based policymaking. We’re aligning this with the National Artificial Intelligence Strategy, the Digital Economy Policy, and the Nigeria Data Protection Act.”

Principal Consultant at Kontemporary Konsulting, Dr. Jimson Olufuye, called for greater regulatory harmonization across African nations to facilitate easier data flows and AI integration.

“We need to optimise data protection processes and scale products across West Africa.

“There’s a need for sandboxes that support cross-border interoperability and AI systems embedded with robust governance structures,” he said.

Olufuye noted that inconsistencies in data laws across African jurisdictions could hinder innovation if not addressed through collaborative regulation.

Ms. Morine Amutorine, Africa Lead for the Datasphere Initiative, emphasized that AI sandboxes can be implemented in countries regardless of their regulatory maturity.

According to her, “ sandbox allows stakeholders to assess the impact of data-driven solutions and identify areas requiring new or updated regulation.”

Meanwhile, the African Sandbox Outlook report, presented at the event, noted that sandboxes are increasingly being recognized as powerful tools for testing regulatory and technical approaches to AI and data governance.

The report concluded that regulatory sandboxes across Africa are pivotal for tackling the continent’s data challenges, supporting innovation, and unlocking data value chains.


Kindly share this post
Continue Reading

Trending