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Lack of Policy Hurts Nigeria as Buhari Marks 100 Days

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Muhammadu Buhari, Nigeria’s president
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Nigerian President Muhammadu Buhari has made sweeping changes in the oil sector and armed forces during his first 100 days in office but done little to convince experts that he has a clear strategy for Africa’s biggest economy, according to Reuters.

Buhari, a former military ruler, made Nigerian history in March by becoming the first candidate to defeat an incumbent president at the polls, after promising to crack down on corruption and crush a bloody insurgency by the Islamist militant group Boko Haram.

Revellers in the capital Abuja celebrated his inauguration in May by chanting “Sai Baba”, which means “All hail, father” in the Hausa language of northern Nigeria.

As Buhari prepares to mark 100 days in office on Saturday, his critics are now using the less flattering sobriquet “Baba Go Slow”.

Reuters reported that chief amongst their complaints is the 72-year-old’s decision not to appoint a cabinet until later this month, putting the economic policy of the country of 170 million people in limbo, and leaving the likes of the central bank to fill the vacuum.

Buhari’s supporters say he has needed time to analyse the inner workings of ministries that have been run exclusively by the People’s Democratic Party (PDP) since the return to civilian rule in 1999.

They point to his restructuring of the state oil company NNPC, whose board Buhari sacked in June, when he appointed an ExxonMobil executive as managing director. Crude oil sales account for around 70 percent of Nigeria’s state revenues, and NNPC has been accused of failing to account for tens of billions of dollars in the last few years.

GOVERNMENT “BOTTLENECK”

But a Western diplomat said the last few months, in which Buhari has governed alone with briefings by civil servants, had caused a “bottleneck” because he had failed to delegate authority.

“The absence of a cabinet, a team … has made it hard for him to set out a specific programme,” added the diplomat, who did not want to be named.

Buhari says he found the treasury “virtually empty”, forcing him to deal with inherited problems as his first priority. “When the ministers are appointed, some will constitute an economic team and then formulate a policy,” Buhari’s spokesman, Femi Adesina, said on Thursday.

Meanwhile Nigeria’s annual GDP growth in the second quarter was less than half that of a year earlier as low oil prices, combined with months of uncertainty around the March general elections, took their toll.

The naira has lost around 15 percent in the last year, with devaluations in November and February. Some people fear another may be coming, even though central bank governor Godwin Emefiele has said the currency is “appropriately priced”.

In June, the Central Bank of Nigeria (CBN), trying to save reserves, announced that importers would no longer be able to secure hard currency on the interbank market to buy items ranging from rice, toothpicks and soap to cement and private jets.

But the resulting shortage of dollars has weakened the naira further.

“The fact that the CBN has been allowed to take steps that look more like fiscal policy decisions is a source of major concern,” said Muda Yusuf, director general of the Lagos chamber of commerce.

“The president doesn’t seem to appreciate the enormity of the disruption that the CBN policy on foreign exchange is causing in the economy,” he said, adding that international trade had been hit and some firms had lost their credit lines.

LITTLE INVESTMENT

Others say the lack of direction has also weighed on foreign investment, already depressed by a slowdown in China’s economy and the prospect of a looming U.S. interest rate rise.

“What you have is an environment in which there is very little by way of investment happening,” said Fola Fagbule, a Lagos-based infrastructure investor focused on Africa.

Although he has prioritised the oil sector, Buhari, who is expected to keep the petroleum portfolio for himself when he names his cabinet, has so far shied away from scrapping an expensive and fraud-ridden fuel subsidy scheme.

And some moves, such as banning around 100 foreign oil tankers from Nigerian waters, have been imposed with little or no explanation.

There is, however, praise for Buhari’s high-profile campaign against corruption, a recurring problem in Nigerian public life which he estimates has led to $150 billion being stolen from state coffers in the past decade.

Razia Khan, head of Africa research for Standard Chartered bank, said a directive for ministries to start paying revenue earned directly into a single Treasury account was “a huge step forward” for transparency and one of the successes of Buhari’s first 100 days.

The president has taken a hands-on approach to security challenges by replacing defence chiefs and the national security adviser.

And he has repaired relations with neighbouring countries to set up an 8,700-strong regional task force to fight Boko Haram, which has killed thousands of people in the northeast since 2009 and driven 1.5 million others from their homes.

But the jihadists, who scattered after a military counter-offensive in the last weeks of president Goodluck Jonathan’s administration, have nevertheless killed around 800 people in bombings and shootings since Buhari came to power. (Writing by Alexis Akwagyiram; Editing by Daniel Flynn and Kevin Liffey)

 


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Joshua Ichor, Nigerian Innovator Bags Europe’s €60m Fellowship

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Joshua Ichor, a Nigerian geoscientist and innovator, has secured a rare invitation into the prestigious EWOR Fellowship, one of Europe’s most selective founder programmes built for outlier entrepreneurs with the potential to create billion-euro companies.

Joshua Ichor, Nigerian Innovator Bags Europe’s €60m Fellowship

Joshua Ichor

The invitation places Ichor inside EWOR’s elite founder ecosystem, a powerful European platform associated with a reported €60 million commitment to backing exceptional founders building the next generation of globally significant companies.

EWOR describes itself as a fellowship for founders who “think in decades and build in days.” The platform says it backs the top 0.1% of founders building potential €10 billion+ companies, with mentorship from unicorn-builders and a founder-first model designed for exceptional entrepreneurs.

For Ichor, the selection is more than another milestone. It is a signal that one of Europe’s most ambitious founder networks sees major global potential in the Nigerian innovator.

While the technology Ichor is currently building has not been disclosed to the public, sources close to the development describe it as a powerful and ambitious piece of technology with the potential to scale internationally.

The project remains under wraps as Ichor continues to refine the product, strategy, and long-term market direction.

According to the fellowship invitation, EWOR believes Ichor is among the few founders with what it takes to build a company that could be valued at €1 billion or more.

That belief places him in a rare class of founders being watched not only for what they have done, but for what they are quietly building next.

EWOR has earned attention for its radical selectivity and founder-first approach.

Its own platform highlights a 0.1% acceptance rate, describing the fellowship as a community of outlier founders who push and sharpen one another.

EWOR’s public materials also reference the fellowship as “Harder than Y Combinator,” built by unicorn founders for founders seeking a higher level of ambition.

The fellowship connects selected founders with a powerful network of unicorn builders, investors, and operators.

Ichor is expected to build alongside a high-calibre founder community that includes names such as Ricky Knox, known for two nine-figure exits; Andrew Nutter, associated with a €180 million revenue company and Sequoia Scout experience; Nick D’Aloisio, widely known for achieving a major technology exit as a teenager; and Jörgen Tveit, who raised one of Europe’s biggest-ever pre-seed rounds by a first-time founder.

The EWOR ecosystem also gives founders access to sessions with globally recognized operators and investors, including Fabrice Grinda, founder of OLX; Kevin Hartz, founder of Eventbrite and Xoom; Mark Ghermezian, founder of Braze; and Michael Baum, founder of Splunk.

For a Nigerian geoscientist to enter this circle is a major statement. It shows that African technical talent is increasingly stepping into the same rooms as some of the world’s most ambitious venture-backed founders.

Ichor’s current technology remains confidential, but the conviction from EWOR suggests that the opportunity is significant.

The details are not yet be public, but the direction is clear: Joshua Ichor is building something with global ambition.

EWOR’s wider network includes some of the world’s leading startup investors and venture names, including A16Z, Accel, Atomico, Balderton, Earlybird, EQT, FJ Labs, Lakestar, Sequoia, Speedinvest, World Fund, and others.

Its platform says fellows raise at 50–300% higher valuations than average, further underlining the strength of the ecosystem around selected founders.

 


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More than 50 Percent of Leaked Passwords End with a Number – Research Reveals

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To mark the occasion of World Password Day, Kaspersky experts analysed 231 million unique passwords in major password leaks from 2023 to 2026, and uncovered several key patterns.

First, 68% of modern passwords can be cracked within a day. Second, it turned out that the vast majority of compromised passwords either begin or end with a digit – a common pattern that makes them potentially vulnerable to brute force attacks.

And third, users also favour positive and trending words; for example, over the past couple of years, use of the word “Skibidi” in analysed passwords surged 36 times, mirroring the rise of that Internet trend.

In recent years, secure passwords’ rules have become a widely discussed topic. More and more services now demand passwords that are at least 10 characters long, include an uppercase letter, and contain a number or a symbol.

Yet a comparative analysis of leaked passwords from the past few years shows that even following some of those rules does not guarantee resistance to brute‑force or AI‑driven attacks.

Kaspersky experts share practical advice on how to make passwords more complex and secure, and how not to repeat common mistakes.

Be creative with using symbols and numbers

Among the leaked passwords that contain just one symbol, the “@” sign tops the list, appearing in 10% of cases. The next most common symbol is a dot (.), found in 3% of passwords. Among all analysed passwords “@” takes second place in terms of prevalence, and in third place is “!”.

Numbers also follow similarly predictable patterns:

53% of examined passwords end with digits;

17% begin with digits;

Nearly 12% include a numeric sequence that resembles a date (from 1950 to 2030);

3% of leaked passwords include keyboard sequencies like “qwerty” or “ytrewq”, but most of them are digital sequencies like “1234”.

Alexey Antonov, Data Science Team Lead at Kaspersky, notes that commonly used symbols, numbers, or dates – especially when placed in obvious positions (such as at the beginning or end of a password) – significantly simplify brute force attacks for cybercriminals. That’s why it’s highly recommended to give preference to less popular characters, and avoid numeric or keyboard sequences.

“Bruteforce works by systematically trying every possible character combination until the correct password is found. When attackers already know which characters users tend to favour, the time required to crack a password drops dramatically. To avoid the temptation of choosing predictable symbols, entrust password creation to dedicated generators that produce random letters, numbers, and symbols with equal probability”, says Alexey Antonov.

Between… Eden and hell: Try to avoid using words in a password

The research shows that emotional and trending words frequently become the basis for a password. For example, from 2023 to 2026 the use of the word “Skibidi” in passwords increased 36 times – mirroring the rapid rise of that Internet trend.

Kaspersky experts have also conducted analysis of the occurrence of positive and negative words in passwords, and it turned out that there are more positive ones. Among those regularly appearing are positive words like “love”, “magic”, “friend”, “team”, “angel” and “star”, “eden”. Interestingly, positive words are much more common than negative ones. However, words like “hell”, “devil”, “nightmare” and “scar” also occur.

“Using a single‑word password, even with a trailing number or a special character, is a weak choice. The pattern is too predictable, making it easy for attackers to guess. Instead, craft a passphrase that strings together several unrelated words, each supplemented with internal numbers and symbols, and sprinkle in a few intentional misspellings.

The longer and more random and unpredictable the password is, the harder it is to crack. As an additional way to protect yourself, enable two-factor authentication (2FA) wherever possible,” recommends Alexey Antonov.

Is password length important?

It’s well known that longer passwords are harder to crack, and the analysis of leaked passwords confirms this principle. However, with the rise of AI driven tools, length alone no longer guarantees security: even lengthy passwords can be compromised if they follow predictable patterns.

The research shows that short passwords of up to eight characters that appeared in the leak are typically cracked by brute force attacks in under a day. However, thanks to AI-powered smart algorithms, more than 20% of 15-character passwords can be broken in less than a minute.

What’s more 60.2% of all analysed passwords – regardless of length – can be cracked in about an hour; 68.2% – in a day.

In the examples provided, the calculations assume a single RTX 5090 GPU and the MD5 algorithm. In real‑world scenarios, attackers can rent multiple GPUs – ten, a hundred, or even more. Under such conditions, the cracking rate would increase potentially by several orders of magnitude.

In modern terms, truly secure passwords not only meet the gold standard of 16+ characters, but also consist of random, non-repeating letters, numbers, and symbols, and are unique for each account. To help users create such passwords, Kaspersky has added a password generation feature to the Kaspersky Password Generator website. Now users can not only check their passwords for leaks, but also generate secure passwords for free.

For easy and secure password management, auto-fill, and cross-device synchronisation consider using a password manager in which all credentials are stored in a secure vault and protected by a single master password. This eliminates the need to remember hundreds of passwords while keeping them safe from breaches.

What’s more, not only passwords, but also passkeys can be created and stored directly in Kaspersky Password Manager, which allows not only to sign in to supported services with a single tap, but also to access passkeys on all devices owing to secure synchronisation.


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Cybervergent Expands to Three New Markets

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Cybervergent has launched version 3.0 of its artificial intelligence (AI)-native posture management platform and expanded operations into Kenya, Ghana, and SA.

The move, according to the company, introduces automated risk verification for enterprises and aims to position Africa as a force in digital governance technology.

It goes on to say the latest platform upgrade introduces continuous posture management, replacing traditional point-in-time governance, risk, and compliance reporting with real-time verification systems.

An AI engine independently verifies 99.9% of audit and monitoring findings before they appear on enterprise dashboards, according to Cybervergent.

It says risk management, compliance, audit, and data security operations are integrated into a unified system built for cloud and on-premise environments.

According to  Cybervergent, the platform maps more than 4 500 controls across frameworks, including the Nigeria Data Protection Act (NDPA), International Organisation for Standardisation (ISO) 27001, and System and Organisation Controls (SOC) 2.

Cybervergent says the rollout of its first South African customer validates the platform’s readiness for highly regulated enterprise markets and strengthens its expansion strategy across Africa’s leading technology and financial hubs.

The company is also adopting a channel-first deployment model, working with local partners and system integrators in Lagos, Accra and Johannesburg to scale verified security infrastructure for enterprises navigating increasingly complex regulatory demands.

“We built verification into the architecture,” said Ayomide Daniels, co-founder and chief scientist at Cybervergent. “If a finding is not traceable back to source documentation, it does not reach the dashboard.”

Cybervergent rebranded from Infoprivacy in late 2023 to reflect its shift towards AI-automated cybersecurity.

The start-up previously focused on data privacy compliance in the West African market before pivoting to its current integrated posture management model.


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