E-Business
Intel Lauds Aso Villa Demo Day Initiative as 3 Winners Emerge

Intel Corporation has described Federal Government’s Aso Villa Demo Day (AVDD2016) Initiative as a critical computer and internet enabled approach to promoting entrepreneurship, innovation, job creation and
Grand finale of the Initiative that leverages new and emerging technologies held at Aso Villa State House Admin Banquet Hall, Abuja, on Friday, produced three winners- Tracology, RecyclePoints and Shuttlers NG and 27 other finalists.
The event which celebrated the tech startups’ innovation and creativity also featured inspiring talks from thought leaders and experts from different economic sectors in Nigeria.
Delivery closing speech President Muhammadu Buhari, represented Vice President, Professor Yemi Osinbajo, re-echoed that, “computer plays big role in our everyday lives, and even our extraordinary moments. Computer has become so powerful that youths today cannot say they want to be part of the government; they are already part of it and playing key roles”.
The President’s speech reaffirms Intel’s “With a Computer, You are Powerful” campaign launched last month and geared towards unlocking ability of young people to get online any time, read, research and explore different concepts that spur creative ideas for their business and/or lifestyle; “just a snippet of the kind of power a computer offers you.”
The Vice President said, “Most of the people who organised Aso Demo Day are working for the government in one capacity or the other with helping hands from the private sector. So, #AVDD2016 is the first titration in series of events mapped by the present administration to address employment and other economic issues in our country”.
VP Osibanjo who spoke reverently of Mark Zuckerberg, Founder/CEO of Facebook who was present at the event, also urged the Nigerian Youths not to relent on their pursuit of excellence in different endeavours.
He said, “We are happy to have Mark Zuckerberg in our midst as he has become source of inspiration to many youths. We are also working on different areas we are going to partner. Aso Villa Demo Day 2016 is the first titration; we look forward to more expanded programme by next year to give more youths the opportunity to express themselves”.
Nodding in agreement, Ekundare Olubunmi, Country manager of Intel, stated that the Aso Villa Demo pitch ties in appropriately to Intel’s core objectives of empowering Nigerians with technology.
He said” Technology is the backbone of the future economy. The rate of change brought about by technology and especially computers is exponential, hence, the reason Intel will continue to invest in technology and to support start -ups who have empowered themselves and Nigerians in general through the use of computer technology”
Three Winners Emerge
Shuttlers NG
Damilola Olokesusi and Oluwabusola Majekodunmi are co-founders of Shuttlers NG, a mass transit application that enables professionals to access comfortable and efficient transportation to and from work using seat matching technology.
Speaking to Nigeria CommunicationsWeek Majekodunmi, said the application will redefine mass transit system in the country, particularly, traffic congested cities like in Lagos, Port Harcourt, Ibadan, Abuja, among other.
“Shuttle professionals can book and track whatever journey they embark on to and fro. We have are working on the app, however, currently, professionals book on our site. When we refer to professionals, we mean, anyone that commutes to work or activities daily; we know how stressful it has been for people to drive to traffic without prior notice. We are entrenching safe, quality transport system that is affordable. We want to help the government maintain standard transportation system too.
“Through the application people can locate the jetties, bus stops and train stations. Someone can get to the jetty and prefer to continue his/her ride in a bus. So, currently, we run a subscription based model, but we are working towards enabling people book for, probably, cab via the system”.
Tracology
Tracology deploys Barcodes/QRcodes to residences serviced by registered utility/waste management companies.
These Barcodes/QRcodes are scanned on waste pickup day thereby verifying customers that have paid using electronic payment. The customers, in turn, pay online and on the delivery day.
Also speaking to Nigeria CommunicationsWeek, Emmanuel Okena, founder/CEO of Tracology said that the patented smart payment system will boost governments’ and utility companies’ revenue generation drive while engendering customer service satisfaction.
Okena said, “With Tracology we help government and utility companies whether it is waste, water or land use charge, we help them affix barcodes on the residence so that through the barcode it will be easier to identify their clients. It offers real time authentication of payment for services.
“We have seen with our technology is that it will enable us have cleaner cities, increased revenue generation, which leads to more civil serviced activities like building of roads, income generation, better return on investments for companies on our platform. It is a win-win situation for everybody that is involved.
“We like to thank Microsoft for giving us seed funding to position the company for early growth. Apart from the seed funding of N3.5million, they opened up the Microsoft Azure which we are using to post our software; supportive with mentorship and it has been a wonderful experience with Microsoft. “The next stage is for us to drive adoption across the country which will benefit all that will be part of it.
On his part, Alison Ukonu, CEO/founder, Recycle reiterated that RecyclePoints as a waste recycling and social benefit venture operates an incentive-based scheme which collects recyclable materials from post consumers and in turn rewards them with ‘points.’
These points, when accumulated, Ukonu said, could be used to redeem/shop for household items offered through its iRecycle store.
He told Nigeria CommunicationsWeek that at RecyclePoints they encourage post-consumers to neatly separate and bag waste items for collection. Such items are: plastic waste; used beverage sachets; sachet water wastes; old newspapers; glass bottles, whether clear, amber or green and brown corrugated cartoons.
“So, registered subscribers are expected to call/sms us for recyclable wastes pickups. We operate a door-to-door collection or recyclable waste, through the services of RecyclablePoints registered wastebusters who are uniquely designed electric cargo tricycles to pickup and record quantities of waste collected from registered recyclers”.
He said that they have also mapped our designated drop-off centres called iRecycle Kiosks where post-consumers can on their own access to drop their recyclable waste materials.
E-Business
What the Retail and E-commerce Sector Should Expect in 2026 in Era of AI-driven Shopping and Privacy

In 2025, the retail and e-commerce sector continued to face intense pressure from cybercriminals. According to Kaspersky data, 14,41%* of users in the global retail sector encountered web-based threats, while 22,20% were affected by on-device attacks.

Ransomware remains a serious concern for the industry. Last year, 8,25% of retail and e-commerce companies experienced ransomware incidents, and the number of unique B2B users in the sector affected by ransomware detections rose by 152% compared to 2023, signalling a sharp escalation in targeted attacks.
Phishing also continues to be a major threat vector. Kaspersky identified 6.7 million phishing attacks targeting users of online stores, delivery services, and payment systems in 2025. More than half of these attacks (50,58%) were aimed specifically at online stores, underscoring cybercriminals’ focus on e-commerce platforms as high-value targets for fraud and data theft.
A look at 2025 cybersecurity for retail & e-commerce: Trends and what happened
A stealer with a taste for pizza delivery. Shopping and food ordering via mobile apps are routine user behaviours. However, 2025 demonstrated that even downloading a seemingly legitimate app from an official app store does not guarantee safety, nor does it ensure that user data and financial credentials will not be compromised.
Ransomware detections in the B2B sector increased due to a single dominant actor. The number of unique users in the Retail & E-commerce sector who encountered ransomware detections increased by 152% in 2025 compared to 2023 (Nov 2024 – Oct 2025 vs. Nov 2022 – Oct 2023).
The most significant growth occurred during the 2024-2025 period and is largely attributable to the rapid spread of the Trojan-Ransom.Win32. Dcryptor family, which became highly prevalent across the retail and e-commerce sector in some of the analysed markets. This malware is a trojanised ransomware variant that leverages the legitimate DiskCryptor utility to encrypt disk partitions on victim systems.
Phishing activity in the online retail segment stood out. Despite being a long-established attack technique, phishing remains highly prevalent in the context of online purchasing.
From November 2024 through to October 2025, Kaspersky products blocked 6,651,955 attempts to access phishing links targeting users of online stores, payment systems, and delivery services. Of these attempts, 50.58% targeted online shoppers, 27.3% impersonated payment systems, and 22.12% targeted users of delivery companies.
Sales seasons continue to do the work for attackers. Seasonal peaks in online shopping consistently provide attackers with predictable opportunities to scale user-focused attacks.
Periods of heightened promotional activity lower user vigilance and allow familiar phishing and spam scenarios to blend into legitimate marketing traffic, increasing their overall effectiveness.
Predictions: What retail & e-commerce cybersecurity might face in 2026
Chatbots are likely to become a common product discovery tool across online marketplaces. Unlike traditional search, conversational interfaces encourage users to share more detailed, natural-language requests, revealing preferences, constraints, and contextual information.
This shift expands the privacy attack surface, as platforms accumulate richer user profiles through chat interactions. As a result, chatbot logs may become as sensitive as transactional data, increasing the risks of over-collection, misuse, or exposure of personal information.
“Search itself is changing, including how people look for products online. In 2025, there was a gradual shift from simple keyword queries to more conversational and visual ways of finding what to buy. As these models rely on broader user input, careful handling of the data involved will remain an important consideration for maintaining user trust,” comments Anna Larkina, Web data and privacy analysis expert at Kaspersky.
Changes in taxes and trade rules might be exploited in online fraud. Modifications in taxes, import duties, and cross-border trade rules are likely to be used as lures in phishing campaigns and fraudulent online stores, promoting unrealistically cheap offers or claims of avoided fees.
As pricing and fee rules continue to evolve across markets, it may lower vigilance, increasing the effectiveness of such schemes, particularly against small and mid-sized retailers.
AI-powered shopping assistants are expected to increasingly operate outside retail platforms, embedding themselves into browsers, mobile apps, and third-party services. While designed to simplify navigation and price discovery, these tools shift data collection beyond the retailer’s perimeter, creating new and less visible privacy risks.
To function effectively, external AI shopping agents require continuous access to user behaviour, including browsing activity, search intent, location context and product interactions across multiple sites.
This enables the aggregation of detailed behavioural profiles outside the direct control of both users and retail platforms, increasing the risks of over-collection, opaque data usage, and unintended exposure.
Image-based product search might become a new challenge in privacy risks. Previously, the main privacy concern around user images in e-commerce was limited to photos voluntarily shared in product reviews.
However, image-based product search is expected to make photo uploads a routine part of the shopping experience across major retail platforms. While this feature improves product discovery, it also increases the risk of unintended exposure of personal data.
User-submitted images may contain faces, home environments, or sensitive details, such as names, phone numbers, or addresses visible on shipping labels or packaging, making secure processing, data minimisation, and limited retention critical requirements for retailers.
E-Business
Elon Musk Seeks $134Bn from OpenAI, Microsoft for ‘Wrongful Gains’

Elon Musk, billionaire Tesla owner, has asked a United States (US) federal court to award him up to $134 billion in damages from OpenAI and Microsoft, stating that the companies earned “wrongful gains” from his early support of the artificial intelligence startup.

Elon Musk,
This is according to a court filing, reported by Reuters.
In filings ahead of a trial expected to start in April in Oakland, California, Musk stated that OpenAI benefited between $65.5 billion and $109.4 billion from his contributions when he helped co-found the organisation in 2015, and Microsoft gained between $13.3 billion and $25.1 billion through its involvement.
He has asked a United States (US) federal court to award him up to $134 billion in damages from OpenAI and Microsoft, stating that the companies earned “wrongful gains” from his early support of the artificial intelligence startup.
This is according to a court filing, reported by Reuters.
In filings ahead of a trial expected to start in April in Oakland, California, Musk stated that OpenAI benefited between $65.5 billion and $109.4 billion from his contributions when he helped co-found the organisation in 2015, and Microsoft gained between $13.3 billion and $25.1 billion through its involvement.
Musk’s legal team argues that his early financial and strategic contributions, including approximately $38 million in seed funding, the recruitment of key personnel, and assistance in connecting founders with contacts, laid the foundation for the later success of OpenAI and Microsoft’s commercial AI efforts.
“Without Elon Musk, there’d be no OpenAI. He provided the bulk of the seed funding, lent his reputation, and taught them all he knew about scaling a business. A pre-eminent expert quantified the value of that,” Musk’s lead trial lawyer Steven Molo told Reuters.
“Just as an early investor in a startup company may realise gains many orders of magnitude greater than the investor’s initial investment, the wrongful gains that OpenAI and Microsoft have earned—and which Mr Musk is now entitled to disgorge—are much larger than Mr Musk’s initial contributions,” the filing said.
Musk, who left OpenAI’s board in 2018 and now leads AI company xAI, alleges that OpenAI violated its founding non-profit mission when it restructured to include a for-profit arm tied to Microsoft’s investment and commercial strategy.
Meanwhile, OpenAI has labelled the lawsuit “baseless” and part of a “harassment campaign” by Musk, and Microsoft’s legal team has said there is no evidence the company “aided and abetted” OpenAI in any wrongdoing.
Both companies have asked the judge to limit what Musk’s expert witness may present at trial, arguing that the damages calculations are unreliable and could mislead a jury.
According to Reuters, Musk’s filing says he may pursue punitive damages and other penalties, including a possible injunction, if the jury finds the companies liable, though it did not specify what form any injunction would take.
E-Business
Nigeria Targeted with 4,622 Cyber-attacks Per Week in December 2025

In December 2025, organisations globally faced sustained cyber pressure, as the average number of cyber-attacks per organisation per week reached 2 027, a 1% increase from the previous month and a 9% increase from December 2024.

This is according to December 2025 Global Cyber Attack Statistics by Check Point Research, the threat intelligence arm of Check Point Software Technologies.
According to the statistics, Latin America was the hardest hit, with companies experiencing an average of 3 065 cyber-attacks per week, a 26% year-over-year increase.
In contrast, Africa saw a decline in attacks, with Nigeria (4 622 attacks per week) and Angola (4 002 attacks per week) being the most targeted countries on the continent.
The report’s findings highlight the evolving cyber threat landscape, with ransomware and GenAI-driven data risks posing significant challenges to companies worldwide.
Ransomware attacks jumped 60% year over year, with 945 publicly reported incidents in December. Qilin was the most active ransomware operator, responsible for 18% of publicly disclosed attacks.
“Ransomware continues to scale through industrialised operations, while unmanaged GenAI usage is creating widespread data exposure at enterprise level,” said Omer Dembinsky, data research manager at Check Point Research.
The report noted the education sector was the most targeted industry globally, with 4 349 cyber attacks per week; followed by government (2 666 attacks per week); and associations and non-profits (2 509 attacks per week).
The widespread adoption of GenAI tools has introduced new cyber security risks, with one in 27 GenAI prompts posing a high risk of sensitive data leakage.
Experts warn that companies must prioritise prevention-first security, real-time AI threat intelligence and strong governance over AI tools to mitigate these risks.
Hendrik de Bruin, head of security consulting at Check Point Software, added: “Strengthening ransomware resilience, deploying AI-powered prevention and enforcing clear GenAI governance will be critical to reducing cyber risk in the year ahead.”
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