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Regulation, Big Operators Emasculate Smaller Firms — Banjo

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Bayo Banjo, is president of Nigeria Internet Group (NIG), a non-governmental organisation dedicated to promotion and growth of Internet in Nigeria. A veteran within the business echelons across Nigeria; he is also the CEO of Discom Limited, a leading telco in the forefront of revolutionizing telecommunication industry in Nigeria. Banjo is a pioneer in the fields of satellite communications, digital and mobile telephony and has an outstanding track record spanning a highly acclaimed career in communications, publicity and promotions. His consult is a recognized and highly valued resource. He shared his thoughts with Chike Onwuegbuchi

Internet Connectivity to Rural Areas

This is one of the most difficult things to do particularly in our environment. Abroad they can easily do this because in most cases they have people of integrity running it. If you want to go to a rural area, you go there find somebody who lives in that rural area and that is interested in doing the business. You will find that every village right now has a business centre. Somebody is running some sort of business, whether he is using Vsat or some other device to get the internet. You encourage that kind of person, you bring out special licenses that will cost maybe N2, 000. Do not call it a licence, call it a registration and you show him all the cheap ways that he can set up a proper distribution system. You can even task operators, maybe give them some tax relief if they supply internet to rural area. It must be done with policy and innovative ideas and you must find these people who like such place and want to stay there you encourage them. That is what federal governments do. When governments want to do anything in an unusual environment they send a team to go and investigate. Who are the people who like the environment? These are people who do not want to leave that village. They love the village, they are local champions in the village, if such people go to Lagos they will be nobody, so they are happy in the village. You encourage those kinds of people and say you have this grant from the World Bank, Unesco or whatever, help him with the process to buy small equipment that will cover the village. You then say to the big operators- for every point you provide, we give you a tax relief. You find some policy that will encourage the companies to help assist these people.
Human beings only operate on two fronts and that is the carrot and stick. If you want someone to do something, you either flog him or give him a reward. You must have a team at the NCC that in many cases is talking to this person that is not well educated. His interest is in cybercafé, he has set up his equipment by calling on one small boy from the city. Set up a team to train them to make them aware of how easy it is to provide the service, but that is the problem.

Digitization
First of all I think it was a mistake in the beginning to have allowed the issue of foreign broadcasting. We Nigerians behave as if we do not know anything. In America, unless you are an American citizen, you cannot have an outfit and it does not matter here. Foreign companies come and register and if you make too much noise they will go and get a Nigerian chairman or shareholders. That does not work abroad. You trace the interest, who has control? It does not matter what is on paper. This has been going on for a long time since the 70s.Once you see it is foreign controlled, you stop it immediately. You encourage Nigerians to reach certain level. That should be done in the broadcast industry. You find realistic ways on major policies to ensure that it is a Nigerian broadcaster in control.
Broadcasting is more powerful than military evasion. You can destroy a country by filling it with propaganda and misinformation. The old Soviet Union was toppled without firing a shot, using the media, inciting them into Western and capitalists’ values and the whole empire that was stronger, if not stronger than the United States crumbled on that basis and same thing is happening here. Lots of our values, God so kind, Nollywood has sort of taken off and pushed lots of the foreign films aside. You see films where homosexuality is normal and all these foreign vices. Children being rude to their parents, all these things have depreciated.
As for digitization, it is a welcome development. What I think is going to happen eventually is that there will be emerge of what is called centre point transmission companies. That means we would have two companies in Lagos that would broadcast; because a frequency allocation of 8MGHz in the olden days carrying one channel can now carry 14 to 16 channels. I think what would happen is that they would probably have central points for broadcast and these companies would provide channels.
When you want to broadcast you go to the NBC, you show them how you want to broadcast, what type of programme and the content. They would direct you to the broadcast person who charges a fee per year to help you broadcast and these people would broadcast maybe 50, 100, 200 channels. I do not think if the government is doing their policy right that when they renew the licences of AIT and others, I do not think it should come with a frequency. It would be like what you see with this Chinese company broadcasting for NTA. They are already carrying AIT and all others so the government policy would just say open air, no coding. I mean no payment because all television would be digitized and those televisions that are not would buy a small box so the only thing there is that the government must make sure that the boxes and new television come in. If you want to have a coding system, it must be slot in type card so that it can be changed. If tomorrow this system becomes obsolete, you can take out the card and slot in another card. Those are the standards that should be arranged.
Then of course you must remember that there is going to be broadcasting on the internet. Once we get broadband then a lot of broadcasting would be done on the internet. I think it is a good trend but there and then the government must judge the advantages and disadvantages.

Dwindling Fortune of Small Operators
It is a matter of regulation. Most of the small companies were run out of business by big operators who engage in a systematic approach of sabotage. They are still doing it even among themselves.  They do all sorts of sabotage but with the smaller operators they do things like cutting them off. The smaller operators then complain to the NCC. This is a process of letters you see. You complain to the NCC, the NCC then writes the operator saying we heard you cut the small operator off.
Under the procedure, you have to reply within three weeks. By the time you do three or four letters, two months have gone by and the small operator would have lost all his customers. There is no provision for damage. If we have a policy where the NCC says if you cut off this circuit, this is the amount of money the operator was making from you before he was cut off, you will now pay him that amount. Then you could rescue the small operators but right now most smaller operators do not have confidence in the NCC at all. The main thing we must understand is that you cannot progress with a big operator. A big operator by its very design is a saboteur of development. If I am a big operator, I install equipment nationwide and that equipment becomes obsolete, what would be my natural reaction to this? My reaction would be to make sure that none of the new equipment comes out and it is small operators that will bring out new equipment so I would sabotage them and keep the old technology and the old equipment running. This is a natural behavioural pattern. You cannot blame the operators for that but it is up to the NCC to realize that in this business in five years even sometimes three what just came out two years ago would be obsolete today and a big company would always try to get full value for its investments and the solution is to hold everybody back. If you want to get things running in Nigeria, you must have someone in charge at the NCC who has guts, strong, sound and is respected. Until we have such people we are still going to face this problem.

Reviving Smaller Operators
The major problem for small operators is that they do not trust the NCC that it would follow the laws and procedures to protect them from the big operators. It is like when investors are not confident in your country because there is war or whatever unrest in your country. What do you do to regain the confidence? To reassure the small operators, I would say first of all that the NCC should make the licensing procedures swift. Luckily an internet licence is N500,000 but obviously there must be something for the village, what they call registration. Those small companies find it difficult to raise funds because they usually work with their own funds and those from other interested parties so you must first try not to stress them too much.
You must make sure that the NCC branches have full representation, for example if I am in Sokoto, does the NCC have an office in Sokoto? Well, if they have, can the person go to that office and do everything he needs to do swiftly without having to spend money on airfare and hotel anytime he wants to do any little thing flying to Abuja. The NCC branches should be equipped so that when I walk in there, they do things quickly. If they have to do anything at the head office, let it go through the internet, send back the reply and give the authority.


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Haleon Introduces New Corporate Identity in Nigeria

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Haleon, a global consumer health company with a purpose to deliver better everyday health, is introducing its corporate identity across Nigeria in a phased transition. Trusted brands such as Panadol, Sensodyne, Macleans, Otrivin, Voltaren, Cac 1000 and Andrews Liver Salts remain unchanged in formulation, quality, and effectiveness.

Following the formal demerger from GSK, Haleon was launched on July 18, 2022, as an independent company 100% focused on consumer health. Haleon is the new home for brands like Sensodyne, Panadol, Centrum and others, trusted by millions worldwide for their proven effectiveness in improving everyday health.

From relieving tooth sensitivity or pain to providing essential vitamins and nutrients, our products are designed to fulfil Haleon’s purpose: to deliver better everyday health with humanity.

This revised corporate identity is a branding change only and does not affect the safety, quality, or efficacy of the products. Haleon is sharing this update as part of its commitment to transparency and consumer confidence, helping consumers continue to choose the brands they know and trust.

Haleon’s collaboration with Fidson Healthcare forms part of this approach, reinforcing the value of local production in supporting trusted everyday health brands in Nigeria.

Panadol Extra 100s and Panadol Pain & Fever 100s are currently being produced and supplied to the market under the Haleon identity. Sensodyne Rapid Action will bear the Haleon corporate identity from mid-June, followed by Andrews Liver Salts later this year.

In due course, additional brands—including Otrivin, Voltaren, Cac 1000, Macleans, and the wider Sensodyne portfolio—will also transition to the Haleon identity.

Haleon remains committed to ensuring consumers can continue to access the same high-quality brands at pharmacies, supermarkets and other retail outlets across Nigeria.

“As Haleon introduces its identity in Nigeria, we want consumers to feel informed and reassured. The trusted products they rely on remain the same in quality, formulation and effectiveness.

“At the same time, our local production approach in partnership with Fidson Healthcare supports reliable access to high-quality everyday health products in Nigeria,” said Himanshu Raj, Haleon General Manager for Sub-Saharan Africa.

 


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Elon Musk Makes History as the World’s First Trillionaire

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Tech entrepreneur and SpaceX founder, Elon Musk, has become the world’s first trillionaire after the successful public listing of SpaceX pushed his net worth beyond the $1 trillion mark.

Elon Musk Makes History as the World’s First Trillionaire

Elon Musk

According to multiple financial reports, Musk’s fortune surged to approximately $1.1 trillion following SpaceX’s historic stock market debut on June 12, making him the first individual in history to achieve the milestone.

The sharp increase in wealth was driven primarily by SpaceX’s initial public offering (IPO), which valued the company at more than $1.7 trillion at listing before rising above $2 trillion during its first day of trading. Musk’s holdings in SpaceX, combined with his stakes in Tesla and other ventures, significantly boosted his net worth.

Musk, 54, is also the founder or co-founder of companies including Tesla, SpaceX, Neuralink and The Boring Company. He acquired social media platform X, formerly Twitter, in a $44 billion deal and has remained one of the most influential figures in technology and business.

Financial analysts noted that Musk’s wealth now far exceeds that of any other billionaire.

Matt Durot, deputy editor at Forbes Wealth, said the gap between Musk and the world’s second-richest individual had widened significantly, with no other person currently close to the trillion-dollar threshold.

Despite the historic achievement, Musk’s vast wealth has reignited debates over global inequality and the responsibilities of ultra-wealthy individuals in addressing humanitarian challenges.

Advocacy groups have frequently pointed to issues such as hunger, disease eradication and access to education as areas where large-scale private philanthropy could make a significant impact.

In 2021, Musk publicly challenged the United Nations to provide a detailed plan showing how billions of dollars could help combat world hunger. Although a proposal was later presented, no donation followed.

Analysts note that much of Musk’s wealth remains tied to company shares rather than liquid cash, meaning his net worth can fluctuate significantly with market movements.

Nevertheless, the SpaceX IPO marks a historic moment in global finance, placing Musk in a wealth category previously considered unimaginable.

Commenting on Musk’s business achievements, Jamie Dimon, chief executive officer of JPMorgan Chase, described him as “the Edison of our time.”

Musk’s rise from co-founding internet startup Zip2 in the 1990s to becoming the world’s first trillionaire is regarded by many analysts as one of the most remarkable wealth creation stories in modern history.


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Kaspersky Warns of “Grey” Scam Websites Exploiting User Trust

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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.

 


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