General News
Cisco Believes ‘The Internet is Everything’-Sullivan
Den Sullivan is the head, Architectures and Enterprise, Emerging Market, Cisco. He joined Cisco and the IT Architecture Group in year 2000. Prior to joining Cisco, Sullivan held a number of management positions in utilities, public sector and consulting.
He has played major role as CIO for a sales region that spanned Latin America, the Middle East and Eastern Europe and was responsible for several large-scale advanced technology programmes including the initial portfolio of Virtual Private Networks (VPNs), Wireless and IP telephony services.
Peter ugwu was at the recent launch of Cisco Unified Access Solution held in Lagos where Sullivan spoke on the monumental achievement made by Cisco in converging wired and wireless networks.
The Mega Trend in Network and Connectivity
Anybody working in the information technology environment would be familiar with three major changes in the industry in the recent times: Bring Your Own Device (BYOD), Cloud Computing and the Big Data.
A lot of people now have multiple devices; not just to use them in a familiarized environment, thus the proliferation has moved to the working environment.
A lot of people-Smartphone, Tablet or Notes; generally, consumers are buying phones with more computing power.
They want to bring them to the working environment because they are familiar with the operations, they enjoy using them, and so they are comfortable with them.
Gone are the days when people are recruited, particularly in IT companies and are told to seat at a particular place with provided personal computer or other devices. Nowadays, people want to work the way they want to using their devices; to have the experience through the mobility.
They want to work when they want to not tied to a desk; in the ‘70s it used to be that fax, telephone and PC, that era is behind us.
The Post PC era, the phone factor has completely changed it.
We also talk about cloud as another way to create efficiency and have access to greater services; although, it depends on what sector you are in.
Cloud is an utopia for you when you are in the IT world or hybrid cloud to optimize your applications or do you want to build your service; for instance an accounting package for your banking service or do you want to take application from the vendors to simply create your package, absolutely, all the things about your intellectual property, you might require a cloud to have it secured and network to have access to them.
All that mentioned above revolves round data.
There is a big thing happening in the industry about data. With all the devices in place with more coming in, about 210 billion emails are sent every day, increasingly download from application stores, a seamless storage capacity is needed to have this huge downloads function optimally.
Cisco’s Believe in ‘The Internet is Everything’
Talking about the mega trends and existing opportunities for individuals and organisations to develop further it may interest us to know that as at today, 99% of the world remains unconnected. That means one per cent is actually connected.
That is a huge phenomenal opportunity. It may not necessarily be about that Cisco, but our products entail more opportunities we are creating for people, organisations and nations.
We are in the business of changing networks; for healthcare, education and commercial reasons.
Imagine the ability to connect everything within the hospital, the fastening of processes and more so, the better health-care people can get. For us, it is achievable.
Cisco is also trying to change how we live work and play alone. We are particularly interested in knowing when you get connected and what it can do for you.
Imagine a world where ‘the internet is everything’ you would have been connected to the airline server and when you go to bed around 10pm and set you alarm at 8:15am, where my alarm code changes because the flight was delayed and I receive a notification, then I can stay in the bed for the next two hours.
That is internet at work. That singular trigger offers you bundle of opportunities-you can drive your children to school, do some other things; it is like having extra two hours of your life back.
Very simple phenomena we have today can generate huge benefits to the world. So, I can connect to the airline through a simple app.
We received a recent announcement from a diapers company; every time the baby pees they get a tweet which rises from a need to change the baby’s diaper quick enough.
Recently, Cisco carried out a survey and people are enthusiastic of having driverless cars.
At a time I needed my eyeglasses I asked myself, how do people find know they need their eyeglasses? And I found out that we can actually have an application that connects with our eyeglasses that will help us identify where we dropped the glasses and when it is needed.
There are a lot of things to think about and develop alongside helping our daily lives or grow the economy. These ride on the back of the network.
I will argue that network has never been more relevant than it has been today and it will continue to increase in relevance hence technological development continues.
Today, one’s Smartphone, Tables, Notes, Ultra-Books, laptop and others are relevant when they are connected; you need the social media, apps, etc to move on.
Cisco’s Unified Access Solution
Statistics indicate that by 2014, 90% of organisations will allow personal devices for work use, while 100% of organisations are struggling to keep up with mobility trends.
The question is, why are they struggling? The trending issue is security of data.
On individual level, you can move to any apps store and have access to sensitive document, but the next requirement is how you protect them.
It is not just about hacking and cyber security, it about the amount of breaches that happen inside the network from your end involving your workforce.
It is all about managing data, intellectual property; at government level, it could be managing public documents, national security, taxation, it could be about patient’s records. In the employment sector it could be about managing your product.
Before now, it was a desk with PC and telephone on it, now the emphasis is on BYOD. We have seen companies deny workers access to social network like paying games, during work hours, with Cisco technology we can allow you access to the network but your access to games will be tuned off. That makes the difference.
There are various reasons workers may need to have access to the social networks during work hours, but then, games are out of it. What Cisco is giving is a choice.
There are evidences of facebook being used by recruitment or HR department(s) belongs to different companies, twitter used by the marketing department, all of this have varied roles with organisations.
So, Unified Access Product is a solution that has unique features that offers the biggest significant shift in switching in the last ten years.
It is major breakthrough that will aid IT department of various organisation have seamless convergence of wired and wireless network access.
The differentiation will offer single platform, networking for wide visibility for faster troubleshooting, consistent security of quality of service (QoS) control, enables users to maximise resiliency with the fastest data recovery that contains layered network of high availability design and scale with distributed wired and wireless data plane.
The data plane is made of up of 480G stack bandwidth; 40G wireless/switch efficient multicast.
Is it Integrateable to Existing Infrastructure?
Certainly, it is integratable, no issue is there; but it depends on your industry and what you are looking to achieve through this platform.
For instance, a bank may be offering both wireless and wired network services within its branch; first, to its employees.
Now, why not extends it to the people that come do business or service oriented deals with you.
Presently, banks still deal with a lot of paper work when someone wants to open a bank account with them, at the same time, there is a bank that gives out iPad to the customers to transact business with them.
That bank is the biggest accounts for more voice service more than the local telecom network provider, because on their solution they allowed customers to make voice calls to them. Also, there is a voice call among the employees.
Imagine that bank offering wireless service, before they used to turn all the wireless traffic back to the headquarters, which will be too challenging.
With this product, you can put that in the bank; produce both the wired and wireless services without that transaction going back to your data center.
And it depends on your life circle, what your business is doing, the challenges and more product service you need.
Security
There is a solution imbedded in the product that gives the ultimate security. However, security is a portfolio that cannot be neglected.
Remember this is one out of various solutions you may require to carry out your business, you must be proactive to protect not just your network, but content inclusive and Cisco is in that business.
This is absolutely a keystone to managing your security and it works very well with our identity services engine that manages your access as regards what you can access, from where, because the two may be different and depending on the device you are using.
Cisco is the first to come out with this solution which is our strategy to unify wired, wireless and virtual private networks (VPNs), into a single, highly secure network infrastructure based on one policy source and one management solution for the entire campus network.
It offers software-defined networking open interfaces, which offer greater investment protection through support of new features in the future.
The Unique Proportion
For instance in Nigeria, our customers are looking for a simple, highly secure network with reduced total cost of ownership that allows them to address the demands that new access requirements such BYOD and new innovative line of business applications bring.
Cisco Unified Access allows customers to achieve these goals by moving from individual vertical stacks of technology and disparate components and creating a single architecture for an intelligent network
General News
Kaspersky Warns of “Grey” Scam Websites Exploiting User Trust

Recent research by Kaspersky has shown that the so-called “grey” websites repeatedly target all world regions, and this may be driving both financial loss and large-scale data harvesting.

Grey websites are deceptive online platforms that fall outside traditional phishing definitions but still manipulate users into voluntarily handing over money and personal data. Kaspersky’s new report provides detailed insights into the threats posed by the grey websites on global and regional levels.
Unlike classic phishing attacks, which aim to steal credentials outright, grey websites rely on persuasion, misleading interfaces, and hidden terms to exploit users. They often impersonate legitimate services such as e-commerce platforms, financial tools, AI services, or subscription-based content, making them significantly harder to detect.
Kaspersky analysis shows that the majority of suspicious resources globally fall into several recurring categories:
- Fake browser extensions and “security tools” that actually harvest browsing data and track user activity.
- Fraudulent financial platforms including crypto exchanges, trading tools, and investment schemes promising unrealistic returns.
- Intermediary services (e.g., legal or real estate), charging for low-value or nonexistent services while harvesting sensitive personal data.
- Subscription traps offering low-cost trials that convert into costly recurring payments hidden in fine print.
- Fake online shops that either deliver counterfeit goods or nothing at all.
Example of a grey website.
A notable trend is the emergence of tools disguised as AI services or image-processing platforms, reflecting attackers’ ability to adapt to current digital trends and target younger audiences.
There are proven security solutions that help users to detect grey websites across different types of devices – those running on Windows, Linux, Android and iOS. The detection model is based on many factors, including domain name and age, IP reputation, stability of the infrastructure used, DNS configurations, HTTP security headers, digital identity and popularity of the web resource and other criteria.
Regional specifics
Regional variations in grey websites demonstrate how threat actors localise scams based on user behaviour and trending technologies.
In Europe, the threat landscape is dominated by links to suspicious browser extensions and fake “privacy-enhancing” tools.
These resources often present themselves as security solutions, promising safer browsing or anonymous search capabilities. In reality, they function as browser hijackers – intercepting traffic, collecting cookies, tracking user behaviour, and injecting advertisements.
The popularity of these threats reflects a high level of user concern around privacy and security, which attackers actively exploit. Additionally, these regions show a steady presence of phishing intermediaries and crypto-related scams, indicating a blend of technical and financially motivated attacks.
Across African markets, financial scams are the most prominent category of suspicious resources. Fraudulent trading platforms, fake brokers, and investment schemes frequently mimic legitimate financial services, often accompanied by fabricated licenses or endorsements.
These platforms typically prevent users from withdrawing funds, instead introducing additional “fees” or taxes to prolong the scam. The concentration of these threats highlights how attackers leverage growing interest in online investing while exploiting gaps in regulatory enforcement and financial literacy.
In the Middle East and North Africa region, suspicious resources frequently mimic communication (Internet telephony) tools, financial platforms, or betting services. Additionally, Ponzi-style investment schemes and crypto scams are widespread, often presented through polished interfaces that mimic legitimate platforms.
Web browser-based threats also play a significant role, with malicious extensions targeting user data and browsing activity. The regional threat profile reflects a convergence of financial fraud and technical compromise, where users risk both data exposure and monetary loss.
“Suspicious websites don’t look harmful at first glance. But they exploit trust, urgency, and familiarity, and a single click on what looks like a harmless AI image tool, a “secure” browser extension, or a heavily discounted online shop could be all it takes to lose money or expose sensitive data.
Instead of direct credential theft, attackers turn to behavioural manipulation – whether that’s subscribing, investing, or installing software,” comments Anna Larkina, Web Content and Privacy Analysis Expert at Kaspersky.
General News
MSMEs Paucity of Funds Receives Boost as Senate Backs Bill Seeking to Unlock Cash for them

Businesses across Nigeria, particularly micro, small and medium enterprises (MSMEs), may soon be able to convert unpaid invoices and credit sales into immediate cash without relying on conventional bank loans following the passage of the Factoring, Assignments and Receivables Financing Bill for second reading in the Senate.

The bill, which seeks to establish a legal framework for factoring and receivables financing, is expected to improve access to credit, boost liquidity for businesses and enhance domestic and international trade.
It also seeks to provide legal certainty for the assignment of receivables through factoring, promote transparency, modernise assignment laws and facilitate greater access to credit for businesses across the country.
Leading debate on the bill which was sent from the House of Representatives for concurrence, Senate Leader Opeyemi Bamidele said on Tuesday that the proposed legislation would create an enabling environment for debt factoring to thrive in Nigeria while defining the rights and obligations of creditors, factors and debtors involved in such transactions.
He explained that the bill provides for factoring contracts between sellers and factors and clarifies the legal relationship among parties in receivables financing arrangements.
According to Bamidele, the legislation has already passed all legislative stages in the House of Representatives and has complied with the Senate’s procedural requirements under Order 78(3) of the Senate Standing Orders.
He told lawmakers that the Senate Ad Hoc Committee on Compliance, chaired by Abdul Ningi, had scrutinised and cleared the bill for concurrence.
“The committee confirmed that all procedural requirements for consideration and concurrence by the Senate have been fully met,” he said.
Seconding the bill, Adetokunbo Abiru said the legislation would provide businesses with an alternative source of financing by enabling them to turn credit sales into cash and improve their working capital.
Abiru noted that factoring has become increasingly popular across Africa over the last decade, largely through initiatives supported by the African Export-Import Bank (Afreximbank).
He disclosed that the African factoring market is currently valued at over $50 billion, but Nigeria’s participation remains below one per cent.
According to him, countries such as Egypt and Morocco have benefited significantly from the financing model, adding that Nigeria risks missing out on the growing market without a clear regulatory framework.
“I think that passing this major legislation will help support our micro, small and medium enterprises in terms of converting most of their credit sales into cash without going through the normal borrowing arrangement,” Abiru said.
In his remarks, Ningi also assured lawmakers that the compliance committee had reviewed the bill and found no legal impediments to its passage.
Following a voice vote, the Senate approved the bill for second reading and subsequently referred it to the Committee of the Whole for clause-by-clause consideration.
General News
IMF Warns Nigeria of Risks in $5Bn Swap Deal with First Abu Dhabi Bank

The IMF on Tuesday warned of risks surrounding Nigeria’s plan to borrow up to $5 billion through a derivatives agreement with First Abu Dhabi Bank, saying such transactions are often opaque and complex.

Recall that the Senate in April gave its approval to the agreement, joining other Africa borrowers like Senegal and Angola who have tapped similar arrangements over the past year.
“Our view is that the transaction in these types of structures carry risks. Usually they are opaque so the terms are not always very transparent when we reviewed these instruments across countries,” Christian Ebeke, IMF resident representative in Nigeria, told reporters.
Ebeke said Nigeria could instead issue eurobonds to finance its deficits or other means to raise funding, including on concessional terms.
Nigeria intends to use proceeds from the total return swap, or TRS, to refinance expensive debt and pay for infrastructure.
In its latest Article IV review, the Fund praised Nigeria’s sweeping reforms, saying they had strengthened economic stability and investor confidence, but warned that the benefits had yet to reach millions of citizens and could be undermined by global shocks, including the Middle East conflict.
The reforms since 2023 under President Bola Tinubu – including fuel subsidy removal, tighter monetary policy and exchange rate liberalisation – had rebuilt buffers and improved macroeconomic management, the IMF said.
However, it cautioned that the reforms were also contributing to social strain, with poverty levels at 63% and millions facing food insecurity, underscoring a widening gap between macro gains and household realities.
The IMF said improved policy credibility and forex reforms had helped Nigeria regain access to international capital markets and attract portfolio inflows, while reducing risk premiums. The central bank says gross reserves are at $50 billion, the highest in 17 years.
But reliance on volatile foreign portfolio investment poses rollover risks, the IMF said, urging a shift towards more stable, long-term capital such as foreign direct investment.
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