General News
Lagos State Bond records 18% over Subscription
The Lagos State N50 Billion bond issue has recorded an oversubscription of 18 percent leading to the raising of a total amount of N58.9 billion.
Mr. Rotimi Oyekan, Commissioner for Finance and Mr. Opeyemi Bamidele, his Information and Strategy counterpart, made this disclosure at a joint press briefing held in Ikeja.
He said though the challenge was to raise N50Billion, but successfully raised 58.9Billion. “This is the first issue in the last 18 to 24 months in the annals of the recent history of the Nigerian financial markets that would record an oversubscription,” he said.
Mr. Oyekan added that by oversubscribing to it, the Nigerian public and Lagosians in general have displayed their confidence in the issue and in the Governor Babatunde Fashola –led administration.
He added that the state has already reached out to the Security and Exchange Commission to allow the State make use of all of the oversubscribed funds of the issue, which is subject to the approval of SEC, adding that the State is still awaiting SEC’s directive on the move.
He explained that if SEC however directs the return of the oversubscribed funds, it would be returned to the investors who made the money available as soon as possible.
The Finance Commissioner emphasized that the success of the State in the Bond issue is a clear demonstration that investors will always embrace issues that have clearly spelt out purposes, institutions that have directions and are direct and conservative.
Mr. Oyekan revealed that the state shall be coming to the market again this year to sustain the volume of work that the government is doing in Lagos through this kind of financing subject to regulatory approvals. “We intend to come back to the market to launch something in furtherance of what we have started.”
This result he said is a vote of confidence by the Nigerian investing public in the capital market. “It shows that the capital market can still stand as an avenue where people can access funds for their needs provided they meet minimum criteria as spelt out by the regulatory authorities,” he said.
He reiterated that it is also necessary to communicate the over subscription to ensure that more people continue to invest in capital markets where people who have money are needed, adding that it is clear that governments at all levels and private institutions require the access to do the jobs of development of all the people and financing that is very important for their welfare.
Also speaking, Mr Ben Akabueze, Commissioner for Economic Planning and Budget, expressed the hope that other issuers, governments and other agencies will summon the kind of courage which the Lagos State Government has brought to bear in ensuring the rebuilding of confidence in the market.
He stated that the capital market is one which thrives substantially on confidence but which has been greatly shaken in the last several months with the risk of the people throwing away the baby with the bath water.
Mr. Akabueze added that the Capital market remains a veritable option for those who intend to raise funds and those with surplus funds to invest just as the state has done pointing out that what is required is greater care in choosing the instrument to invest in.
The Finance Commissioner also listed some of the projects to benefits from the Bond to include the Yaba to Iddo road, the construction of a bridge to link Okota to Surulere and the recently completed Bourdillon Road and many other on-going.
“What we will be doing is to use the process of the Bond to complete all these projects or refinance the obligations that we entered into when we started the projects such that we will have repayment obligations that are long term in nature. It would enable us manage those obligations better than we are using short term funding”.
He also called on the Federal Government to as a matter of necessity create the enabling environment that would enable people have the confidence to invest in equity markets and a market that allows investors to diversify their holdings .
General News
FG Partners World Bank, AfDB on Climate Action

The Federal Ministry of Livestock Development has announced its commitment to collaborate with the World Bank Group and the African Development Bank (AfDB) to address climate change challenges affecting Nigeria’s livestock sector.

Permanent Secretary of the ministry, Dr. Chinyere-Ijeoma Akujobi, made this known during a meeting with a delegation from the two banks on Wednesday in Abuja.
She said the partnership aims to unlock opportunities for sustainable growth and resilience in the industry and that the collaboration is strategic in realising the ministry’s strategic goals.
“The proposed collaboration aligns with our mandate to mitigate the adverse impacts of climate change on livestock production, safeguard livelihoods, and promote environmentally responsible practices throughout the value chain,” the permanent secretary said.
Represented by the Director of Planning, Research and Statistics in the ministry Mr. Ohaeri Ezenwa, Dr. Akujobi highlighted the livestock sector’s significance to Nigeria’s economy.
She pointed out that “Despite its importance, the sector is highly vulnerable to climate variability and change,” outlining its implications for animal health, productivity, and greenhouse gas emissions.
While emphasising the urgency of robust policies and reliable data to address the impacts of climate change, the Director (Technical) and Team Lead of the Technical Working Group on Climate Change, Dr. Alike Peter, explained that “These realities underscore the need for evidence-based policies and coordinated national action to drive climate-smart livestock development.”
Dr. Peter said that the Technical Working Group supports the National Livestock Growth Acceleration Strategy (NLGAS), which aims to double the sector’s contribution to GDP from approximately $32 billion to $74 billion in a decade.
He added, “Both growth pathways have direct implications for greenhouse gas emissions, making climate considerations crucial in livestock development planning.”
The ministry is also collaborating with the World Bank to establish a national methane baseline and develop evidence-based mitigation measures.
Dr. Peter said, “Ongoing collaborations aim to strengthen Nigeria’s Nationally Determined Contributions (NDCs) and access carbon markets.”
Dr. Harrison Charo Karisa, a representative from the World Bank Group, highlighted opportunities in climate-smart aquaculture, the blue economy, and carbon markets.
“Seaweed can serve as a nutritious livestock feed supplement rich in essential vitamins and minerals,” he noted.
Dr. Youssouf Kabore, Chief Livestock Officer at AfDB, commended the ministry’s proactive approach and assured the bank’s support in implementing effective interventions in the livestock sector.
General News
Kaspersky Highlights Cyber Threats at a Major Event Such as the Winter Olympics Games

The 2026 Winter Olympics will begin on February 6 in Italy, attracting the attention of fans both online and offline. Hundreds of athletes will participate, and the host cities are expected to welcome large crowds. Kaspersky experts have listed the types of threats that may emerge in the context of a major international event, regardless of its location.

The Event Audience as a Target
The Olympics attract thousands of people travelling to the host country. Offline spectators may face unpleasant surprises such as fake tickets, which scammers distribute. This could result in stolen funds from bank accounts or even compromised cryptocurrency wallet credentials instead of access to their favourite events. Meanwhile, online fans are at risk from fake live streams and fraudulent websites selling merchandise of their favourite athletes.
Travellers may also encounter fraudulent services posing as cell phone plans that collect and steal personal and financial information. That is why it’s convenient to choose Kaspersky eSIM Store to always stay connected, avoiding potential fraudulent services and physical SIM card hassles.
Attacks on athletes
Cybercriminals may exploit publicly available information and the popularity of the participating athletes. Other scenarios might be targeted phishing attacks and deepfake-based operations aimed at data theft or blackmail.
These should be of particular concern, as well as the potential hijacking of social media accounts. In addition, athletes may face risks of ‘doxxing’, — the public exposure of private information — and other forms of tech-enabled abuse, which can impact personal safety.
Threat actors may also take advantage of vulnerabilities in online security, particularly through data leaks that affect users’ personal information. The Data Leak Checker feature in Kaspersky Premium enables users to identify potential compromises in their accounts, alerting them to any risks of exposure.
Urban infrastructure attacks
Both profit-driven and other types of threat actors may target critical city systems, including transportation, utilities, communication networks, and vulnerable public Wi‑Fi, with the aim of disrupting services or compromising operational stability.
According to a 2024 study by Kaspersky, conducted ahead of the Summer Olympic and Paralympic Games in Paris, nearly 25 percent of the approximately 25,000 free Wi-Fi hotspots analysed in the city were found to have weak or no encryption, putting users’ personal and banking data at risk of theft.
These attacks can be carried out using malware, network intrusions, or manipulation of connected systems, potentially affecting city operations and services relied upon by residents and visitors. Using security solutions such as Kaspersky Premium along with a VPN will help to protect data by encrypting Internet connection and securing online activity.
Ransomware
Ransomware actors, seeking maximum profit, may view mass events and the related entities such as vendors or other organisations in the supply chain as high-value targets. To maximise financial gain from the high demand to attend the event in person, such attacks can target hotel networks in the host city, as well as stadiums, official ticket sales platforms and other event resources.
APT attacks
Advanced Persistent Threat (APT) actors also consider large international events as strategically significant targets due to their global visibility, high concentration of critical IT infrastructure contractors and complex supply chains.
A prime example of such an attack was the Olympic Destroyer, used against the IT infrastructure at the 2018 PyeongChang Olympics. In this attack, the malware spread within the organisers’ network using compromised credentials and was aimed at sabotage and disrupting the operation of the event.
Hacktivism attacks
Hacktivist actors may launch campaigns targeting event-related organisations to achieve their strategic goals and public attention. These offensive operations could take the form of data theft and leaks, misinformation, or the disruption of the systems involved in the event, such as broadcast infrastructure or ticketing platforms, potentially affecting both the spectators and organisations.
“Events on the scale of the Olympic Games typically draw significant attention from cybercriminals, and potential threats can take many forms, affecting spectators, cities’ infrastructure and the athletes themselves, as well as millions of people accessing with digital services before, during and after the event.
The international dimension and big audience make such events especially attractive targets for sophisticated actors, who pose serious threats that everyone involved should be prepared for,” said Igor Kuznetsov, Director of Global Research & Analysis Team at Kaspersky.
General News
Firm Gives Advice on How to Stay Secure as AI, robots and VR are Redefining Family Life

Over the past 10 years, families have experienced shifts in structure and a perceived increase in fragmented interactions at home, largely driven by the pervasive use of technology and changing social norms. What does the next decade hold in store?

According to a global survey* by Kaspersky’s market research center, an overwhelming 81% of people believe digitalisation will fundamentally alter families’ joint pastimes within the next decade. This shift points to a future where bonding is mediated by advanced technology, creating new rituals and challenges in equal measure.
Screen time is family time, but it has its risks
Nearly half (48%) of all respondents envision AI-powered bedtime stories becoming a norm, a figure that rises to 53% among 18–34-year-olds. Today, apps and smart devices offer AI-narrated tales with customisable characters and plot twists.
For the busy parent, it presents a novel aid, for the child, an endlessly patient, interactive storyteller.
Meanwhile, with 31% of families anticipating children opting for digital pets over real ones, it seems that ‘man’s best friend’ just got its first update.
It should be noted, however, that while AI has the potential to enrich a child’s life, it necessitates vigilance. When children interact with AI, for stories or learning, parents must be proactive.
Select services with strong privacy policies that do not unnecessarily store or misuse a child’s data or voice interactions and further enhance control with digital parenting assistants like Kaspersky Safe Kids to restrict content and balance screen time.
Parents would be well placed to treat AI interactions as a new digital playground where they can use parental controls to limit session duration, choose vetted, age-appropriate AI story platforms, and most importantly, maintain an open dialogue about what these stories are and how they are created. Explain to children that an AI is a tool, not a friend, and encourage them to report any strange or uncomfortable interactions, just as they would in the physical world.
The key is to ensure AI complements human interaction, not replaces the comfort of a parent’s voice.
Blowing out the digital candles
Another 43% predict family celebrations migrating to video call formats as a standard, not an exception, a trend accelerated by recent global events but now seen as a permanent fixture for dispersed families.
Meanwhile a daring 26% can imagine taking family vacations entirely in virtual reality. This sounds like the stuff of science fiction, but then 10 years ago, the type of generative AI being used today was not widely anticipated.
This fragmented outlook highlights that the future of family digital activity will not arrive as a uniform wave, but as a series of adoptions shaped by cultural openness and digital infrastructure. For security leaders like Kaspersky, this evolving landscape presents new vectors for risk within the most intimate of spaces, the smart home.
Preparing the digital home for tomorrow’s family
43% of all respondents foresee home robots as family members. Moving beyond voice-activated personal assistants or autonomous vacuum cleaners, these would be embodied AI companions capable of tutoring, playing games, or providing companionship.
In the eyes of hackers, however, every new device, from a VR headset to a robot nanny, is a potential entry point. To keep things secure, change default passwords immediately, ensure all device firmware is regularly updated, and segment your home network.
Use Kaspersky Premium with a Smart Home Monitor which scans users’ home Wi-Fi network 24/7, and shows a list of devices connected to it, including such details as device type, OS and IP address, and alerts when a new or unknown device connects.
As robots, AI, and VR devices become part of the family circle, security must be foundational, not an afterthought.
“The accelerating pace of technology is not fragmenting the family but redefining its shared spaces. The future, as seen by the global majority, is one where digital and physical experiences blend to create new forms of togetherness, from a grandparent joining a birthday party via hologram to a child caring for a digital pet with a sibling across the globe.
“The challenge and opportunity lie in building secure digital environments with intention, ensuring they are safe, respectful, and ultimately, tools that bring us closer,” comments Seifallah Jedidi, Head of Consumer Channel for META at Kaspersky.
E-Financial2 days agoAccidental Billionaire Opts for Jail Instead of Returning Money Credited Him by Mistake
News2 days agoUS Set to Deport 79 Nigerians on Criminal List
News2 days agoUngoverned AI is Quietly Scaling Risk in Nigeria – Dr. Naiho
E-Financial2 days agoSEC Warns of Potential Ponzi-style Risks in AURUM BOT, ModMount
Telecom2 days agoAirtel Nigeria Commits to Boosting Nigeria’s Digital Infrastructure
Telecom2 days agoGoogle, African Partners Launch WAXAL to Empower 100m Africans in AI Era
News2 days agoFirst Lady Commissions Dream Centre @ OAU
Telecom2 days agoNCC Hails $1Bn Telecom Surge as Networks Hit New Highs













