E-Business
Okere, CWG Boss Brings “Lean Launch Pad” Class to Nigeria

Austin Okere, group chief executive, Computer Warehouse Group (CWG), just back from Columbia Business School, New York, where he participated as an instructor at the Steve Blank “Lean Launch Pad” Class, plans to bring the novel concept to Nigeria
The Lean Launch Pad is joining forces with Startup Weekend, Udacity, TechStars and Startup America to offer some of the world’s most effective experiential entrepreneurship education.
By combining content from the world’s leading expert in customer development with local mentors and leaders in an intensive flipped-classroom style course, the movement has been able to create a unique, effective experience for teams of entrepreneurs that are serious about growing a customer-driven startup.
The program is already being offered in 15 cities around the world, with another 25 programs launching in February. The goal is to expand the program to more than 100 cities in 2013.
Thus far, seasoned entrepreneurs such as Steve Blank are teaching NEXT in Silicon Valley, Andy Sack (TechStars Seattle founder) in Seattle, Alex Farcet (founder of Startupbootcamp) in multiple European cities, Eric Koester (founder of Zaarly) in Washington, DC with countless others joining.
The Eugene Lang Entrepreneurial Center at CBS, where Okere has been a guest lecturer since 2009, conveyed in their invitation their belief that his experience and contribution to entrepreneurial ship in emerging markets will provide unparalleled contribution to the class of aspiring entrepreneurs.
The Computer Warehouse Group, whose case study is a regular feature at Columbia Business School and the Massachusetts Institute of Technology, Boston, as well as many other institutions in Africa, including the prestigious Lagos Business School, chronicles the trials, challenges and triumph of entrepreneurship in the challenging environment that characterizes Sub Saharan Africa.
The Lean Launch Pad course provides real world, hands-on learning on what it is like to actually
start a high-tech company.
It is a practical class where the goal is to create an entrepreneurial experience with all of the pressures and demands of the real world in an early stage start up.
The syllabus for the course is drawn majorly from the bestselling book, The Startup Owner’s Manual, co-authored by serial entrepreneurs Steve Blank and Bob Dorf, and the revolutionary new book, Business Model Generation co-authored by Alexander Osterwalder and Yves Pigneur.
These two books provide insights into powerful, simple, tested tools for understanding, designing, reworking, and implementing business models, through a business model canvas, that defines unique value propositions for specific customer segments, and the relationships and channels to deliver these to the customer to maximize revenue.
It also helps the entrepreneur identify key resources, partners and key activities to be performed and at what cost.
The course provides a comprehensive step-by-step guide to getting startups right. It walks entrepreneurs through the customer development process that gets them out of the building to develop wining products that customers will buy.
There is an increasing global focus and emphasis on entrepreneurship as the most viable vehicle for job creation.
According to the Global EntrepreneurshipMonitor (GEM) 2011 report, there is an upsurge in entrepreneurship around the world, with a total number of about 400 million spread across 54 countries.
The GEM in its 2006 report revealed that there was a systematic relationship between a country’s level of economic development and its level of entrepreneurial activity. It noted that countries with similar per capita GDP tend to exhibit similar levels of entrepreneurial activity.
At low levels of per capita GDP, industrial structure is characterized by the prevalence of many very small enterprises.
As per capita income increases, industrialization and economies of scale allow larger and established firms to satisfy the increasing demand of growing markets and to increase their relative role in the economy.
On his involvement in the Block Week Course at Columbia Business School Okere said“I believe that it is better to have a thousand millionaires than a ten billionaires.
It is better still to have a million people with access to a hundred thousand dollars, if they can be taught how to nurture and grow it through entrepreneurial endeavor; and I intend to do something about it, so when I was invited, I did not hesitate in accepting, with a view to bringing the concept to Africa”.
Okere whose entrepreneurial advocacy has taken him on similar teaching expeditions across Africa; through Nigeria, Kenya and Tanzania also remarked“I like to put the story of the Computer Warehouse Group out there because such success stories contribute immensely to the attraction of capital to the region, which combined with the entrepreneurial acumen and the youthful population unleashes waves of economic boom, which in turn lifts the pile at bottom of the pyramid into the more desirable networked economy of the emerging global village. Besides, it provides the perfect opportunity to be a brand ambassador for Africa”.
Okere, one of Nigeria’s foremost entrepreneurs has made quite a name for himself over the past 20 years, growing the Computer Warehouse Group into a $130 million revenue company, with 650 staff spread across Nigeria, Ghana, Uganda and Cameroon.
In 2012 he was named ICT Man of the Decade by ICT Watch Africa Digital Network, and CWG was named Conglomerate of the Year.
The organizers cited CWG’s immense contributions toward the growth and development of Information and Communications Technology (ICT), youth empowerment through ICT education, and nation building.
In 2011 Austin was equally named the ICT Personality of the year by Technology Africa, and the most outstanding ICT Personality of the Decade in 2010 by ICT Watch Africa. He has also received the IT Personality of the Year award by the Nigerian IT and Telecom Awards, among many others.
The Computer Warehouse Group was recently ranked among the top 50 Technology Companies in West Africa, and also bagged the Award of the ICT Company of the Year 2012 by Technology Africa.
Okere who shall be participating at the Economist Group’s Nigerian Summit in March intends to take his entrepreneurial advocacy very strongly to the Forum to attract the much needed focus.
E-Business
LG Electronics Showcases Advanced HVAC Solutions at Mega Clima Nigeria 2026

LG Electronics reaffirmed its position as a leading innovator in climate control and energy-efficient air conditioning solutions with its participation at Mega Clima Nigeria 2026, the 9th International Air Conditioning and Refrigeration Exhibition recognized as the largest HVAC+R sector show in West Africa.

Held at the Landmark Centre, Lagos, the three-day exhibition brought together global manufacturers, distributors, contractors, engineers, and industry stakeholders to explore the future of heating, ventilation, air conditioning, and refrigeration technologies across the region.
As one of the featured exhibitors at the event, LG leveraged the platform to showcase a range of advanced HVAC solutions designed to address the growing demand for smarter, more energy-efficient, and scalable cooling systems across residential, commercial, and industrial environments.
With West Africa’s HVAC sector continuing to evolve alongside rapid urbanisation, infrastructure growth, and increasing attention to sustainability, Mega Clima has become a strategic meeting point for conversations around innovation, efficiency, and climate-responsive technologies. The 2026 edition featured over 100 global brands, thousands of professional visitors, technical workshops, and networking opportunities, further positioning the exhibition as a key industry platform within the region.
Showcasing Smart Climate Solutions for Residential and Industrial Needs
At the LG exhibition booth, visitors and stakeholders engaged directly with a range of the company’s advanced HVAC technologies, including the LG Multi V.5 and Multi VS systems, both designed to deliver high-performance cooling while optimising energy consumption.
Speaking during the exhibition, Business Development Manager, LG Electronics Nigeria, Ifeoluwa Babarinsa, highlighted the adaptability and efficiency of the showcased systems, particularly their ability to support multiple indoor units while maintaining low energy consumption.
According to him, the LG Multi V.5 system is designed primarily for industrial and large-scale commercial applications, while the Multi VS system is tailored toward residential use cases, providing flexible solutions for varying environmental and operational demands.
A major highlight of the systems is their scalability, with both solutions capable of connecting to as many as 64 indoor units, offering increased operational flexibility across different building types and installation requirements.
The exhibition also featured several indoor HVAC solutions compatible with the VRF systems, including the Round Cassette, Ceiling Concealed Type Units, and Four-Way Cassette Units.
Particular attention was drawn to the Round Cassette unit, which was presented as an innovative cooling solution suitable for spaces without conventional ceiling structures. The unit also demonstrated enhanced airflow performance through its round-flow air distribution system and faster cooling capabilities.
Through live demonstrations and product engagement sessions, LG provided visitors with practical insight into how modern HVAC technologies can improve comfort, operational efficiency, and energy management across residential and commercial spaces.
Reinforcing LG’s Commitment to Energy Efficiency and Innovation
LG’s participation at Mega Clima Nigeria 2026 reflects the company’s broader commitment to delivering technologies that align with evolving consumer and industry needs, particularly in markets where energy efficiency and sustainable infrastructure are becoming increasingly important.
As conversations around environmental sustainability and smart infrastructure continue to shape the future of the HVAC industry, the exhibition provided an opportunity for LG to reinforce the role of intelligent climate solutions in supporting long-term energy optimisation and building performance.
The company’s showcased systems emphasised not only cooling performance, but also operational efficiency, adaptability, and user-focused design, qualities that continue to define LG’s approach to innovation across both consumer and commercial categories.
“This year, we showcased our inverter product range alongside advanced HVAC solutions that reflect LG’s continued commitment to innovation, energy efficiency, and smarter climate control technologies. One of the key highlights was our AI-powered VRF solution, the Multi V i, which represents the next phase of intelligent cooling systems we are introducing into the Nigerian market. As the headquarters of LG Electronics West Africa, Nigeria remains a strategic hub for us, and we remain committed to expanding access to innovative solutions that meet the evolving needs of customers and businesses across the region.”
LG’s presence at the exhibition also reflected its continued investment in engaging industry professionals, technical experts, and business stakeholders through platforms that encourage collaboration, knowledge exchange, and technological advancement within the HVAC sector.
Positioning Technology as a Driver of Smarter Living and Infrastructure
Beyond product displays, Mega Clima Nigeria 2026 created a broader conversation around the future of climate control technologies within rapidly developing urban environments. From commercial buildings and hospitality spaces to residential infrastructure, the demand for efficient and intelligent cooling systems continues to grow across the region.
By participating in one of West Africa’s most influential HVAC exhibitions, LG demonstrated its readiness to support this growth through solutions that combine advanced engineering, smart functionality, and energy-conscious performance.
The exhibition further reinforced LG’s philosophy of creating technologies that improve everyday experiences while supporting the broader goals of efficiency, sustainability, and modern living.
As the HVAC industry continues to evolve across Africa, LG remains committed to delivering solutions that not only respond to present demands, but also anticipate the future needs of businesses, homes, and infrastructure across the continent.
E-Business
Kaspersky Warns that Scammers are Exploiting World Cup 2026 Travellers

Kaspersky experts explain which online offers travellers should be cautious of when planning their trip, to avoid spoiling their experience ahead of the upcoming games.

Thousands of fans are expected to attend the World Cup 2026, and many are already handling their travel logistics, purchasing their flights and other transport tickets, booking accommodation, and arranging everything they need to reach the host cities. As interest grows, so does the number of fraudulent schemes that exploit the fact that fans are actively preparing for their upcoming journey.
In late April 2026, Kaspersky experts detected a campaign exploiting the branding of a well-known transport app, targeting users in Mexico. The interface of a fake Spanish-language website, impersonating one of the services, prompts users to enter their phone number and password in order to “claim prizes.” In reality, the attackers are mimicking a trusted brand and attempting to steal users’ credentials from those lured by the promise of a reward.
Some cybercriminals go “a level lower” and post their offers on the dark web. Kaspersky Digital Footprint Intelligence experts discovered a thread advertising such services, published on a shadow forum in March 2026.
The listings included offers for discounted airline tickets, hotel bookings, and match tickets, allegedly at 20% off the original price. These offers are designed to lure users and can be highly dangerous, ultimately resulting in victims losing both their money and any services they expected to receive.
Entrepreneurs and property owners also in the crosshairs
Cybercriminals are also targeting businesses and entrepreneurs at the intersection of the travel industry, which is also involved in the event. Given the high demand for short-term rentals during the tournament, property owners have become an attractive target for scams.
For example, a fake website was discovered requesting account credentials for a well-known platform. In this way, scammers attempt to gain access to property owner accounts, potentially resulting in unauthorised withdrawals and financial losses.
Another common scheme involves fraudsters attempting to extract money from organisations by posing as representatives of well-known airlines and offering fictitious business partnerships. In these emails, they claim to be launching new projects or business expansion initiatives and state that they are actively seeking suppliers or contractors.
If a company representative responds to such an offer, the scammers typically escalate the deception in a subsequent stage. To enhance credibility, they send forged documents for completion and signature, including supplier registration forms and non-disclosure agreements.
The ultimate objective of the fraudsters in this scheme is to induce the organisation to pay a so-called “deposit,” ostensibly required to secure a priority position in a partner selection list.
According to the claims made in the fraudulent communications, this payment would later be fully refunded once the partnership is formally established. In reality, this promise is entirely deceptive. The perpetrators simply appropriate the funds, and no reimbursement is ever made to the victim organisation.
“The travel sector, particularly when it intersects with major events, is a persistent target for a wide range of scams and fraudulent schemes. For end users, it is often difficult to distinguish at first sight between a legitimate website and a spoofed one, or between genuine marketing communications from a reputable service and scam emails.
“We therefore advise treating overly attractive offers with a high degree of caution in order to protect your personal data and financial resources,” says Anna Lazaricheva, senior spam analyst at Kaspersky.
E-Business
Meta Platforms Contributed $820m to Nigeria’s Economy in 2025 – Report

Meta’s family of platforms, including Facebook, Instagram and WhatsApp, contributed an estimated 820 million dollars in annual economic value to Nigeria in 2025, according to a new report released on Wednesday.

Meta
The report titled “Nigeria’s Digital Economy” was conducted by independent research firm, Public First, and commissioned by Meta.
It stated that 14 million Nigerian small and medium-scale enterprises (SMEs) used Meta platforms in 2025 to start, run and grow their businesses.
According to the report, the platforms contributed about two billion dollars to Nigeria’s Gross Domestic Product (GDP) while generating an estimated 640 million dollars in productivity gains through instant messaging services.
The report noted that 81 per cent of Nigerian businesses surveyed said Meta platforms had helped them expand their customer base beyond their local areas.
It added that the digital tools had reduced customer acquisition costs and enabled businesses in different parts of the country to access wider markets.
The report also highlighted the growing role of artificial intelligence (AI) in Nigeria’s economy, projecting that AI could contribute 22 billion dollars to the country’s GDP by 2035 under favourable conditions.
It stated that 87 per cent of online Nigerians surveyed believed AI products developed within Africa would play an important role in the continent’s economic growth.
Speaking on the findings, Meta’s Director of Public Policy for Sub-Saharan Africa, Balkissa Ide Siddo, described Nigeria as one of the world’s most entrepreneurial and digitally engaged markets.
According to her, Meta platforms are helping to remove traditional barriers to business growth and enabling entrepreneurs to access broader economic opportunities.
“From a tailor in Lagos reaching customers across the country through Instagram, to a small business owner in Kano taking orders on WhatsApp, to a creator in Abuja building a global audience on Facebook, Meta’s platforms are unlocking real economic opportunity,” she said.
Siddo noted that WhatsApp had become a major gateway for AI adoption in Nigeria and across Sub-Saharan Africa.
She added that 93 per cent of Meta AI prompts in the region were made through WhatsApp, indicating that many users were engaging with AI technologies through platforms they already use daily.
The report further stated that 93 per cent of online Nigerian adults surveyed said they felt more connected to wider communities through Meta’s applications.
Also speaking, Alison Neyle, Director at Public First, said the findings reflected the increasing role of digital platforms in supporting entrepreneurship and participation in Nigeria’s growing digital economy.
“Nigeria’s digital transformation is creating new opportunities for businesses, creators and consumers alike.
“With the right combination of infrastructure, platform access and open-source AI, the upside for Nigeria is significant,” Neyle said.
The report projected that Meta’s contribution to Nigeria’s economy could rise to two billion dollars annually as digital adoption deepens and internet access improves across the country.
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