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CEIBS at AGM, Induction Craves Development, Innovation In Nigeria

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By peter oluka

The Nigerian chapter of China Europe International Business School (CEIBS) Alumni held their annual general meeting and induction ceremony at the City Mall in Lagos, Nigeria.

CEIBS with the largest MBA in the world, the number one MBA in Asia according to Forbes, financial times, Bloomberg and Business week, and 11th in the world according to the financial times has with its programmes created a model for professional development and innovation across industries in emerging economies.

China in the past decade has experienced tremendous growth with a rapid rise of the middle class and tremendous developments in technology and infrastructure.

Many emerging economies are looking to growth in China and part of Europe as models for developing their economies, and CEIBS with its in-depth knowledge of China, extensive global reach, and world class faculty is well positioned to equip the business and political leaders that will help create this.

The annual general meeting and induction ceremony was organized by the CEIBS Nigeria chapter led by President, Mr Sunday Agboola, Hector Okposo, FCA, VP and Tega Tonukari, General Secretary.

The event allowed Professor Mathew Tsamenyi, executive director, CEIBS Africa to talk about some of the new partnerships CEIBS had entered into for the growth and development of businesses and economies in Africa as well as some of the strategic changes in its Global Executive MBA and Women Entrepreneurship & Leadership for Africa Programme (WELA).

Mr Sunday Agboola, the president of the CEIBS Nigeria Alumni chapter, in his remarks said; “Today marks the first of many great steps that the Alumni will embark on towards greatness.

Together, we are entering another phase and taking the necessary steps towards building a CEIBS Alumni Nigeria chapter that is both progressive with fresh ideas and initiatives as well as responsive to the changing global climate. I enjoin us to remain even more committed to our body as we create an enduring legacy to define the status and standard of CEIBS in Nigeria and all over the world”.

The role of the Alumni as he identified in later remarks would be to extend the CEIBS opportunity to more Africans as well as to create a blueprint for rising Asia- Africa relations.

The CEIBS Africa project was launched in 2008 with a mission to prepare highly competent innovation oriented managers and executives who are capable of leading and growing their organisations in the increasingly dynamic African economic environment. These are leaders who are capable of negotiating the forces of globalisation and international competition for the benefit of their organizations.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Report Reveals DLL Hijacking Attacks have Doubled since 2023

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Dynamic link library (DLL) hijacking is a common technique in which attackers replace a library loaded by a legitimate process with a malicious one.

It is used by creators of mass-impact malware, like stealers and banking Trojans, as well as by APT (advanced persistent threat) and cybercrime groups behind targeted attacks. Kaspersky reports that DLL hijacking attacks have doubled in the past two years.

Kaspersky has observed this technique and its variations, like DLL sideloading, in targeted attacks on organisations in Russia, Africa, South Korea, as well as other countries and regions.

To further enhance its protection capabilities against this threat, Kaspersky SIEM has introduced a specialised AI-based subsystem that continuously analyses information about all loaded libraries.

The new feature has already proven effective, helping to detect an attack by the APT group ToddyCat. It enabled the threat to be identified and blocked at an early stage, preventing any impact on the targeted organisations. The model also uncovered attempts to infect potential victims with an infostealer and a malicious loader.

“We are seeing DLL hijacking attacks become more common, where a trusted program is tricked into loading a fake library instead of the real one. This gives attackers a way to secretly run their malicious code.

“This technique is difficult to detect, and this is where AI can help. Using advanced protection techniques empowered with AI is now essential to staying ahead of these evolving threats and keeping critical systems safe,” says Anna Pidzhakova, Data Scientist at Kaspersky’s AI Research Center.

Securelist has published two related articles: the first explains how a machine-learning model was developed to detect DLL hijacking attacks, while the second describes how this model was integrated into the Kaspersky SIEM platform. The updated Kaspersky SIEMnow features AI functionality for detecting signs of DLL hijacking attacks, improving detection efficiency.

 


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Meta, NDPC Resolve $32.8m Privacy Dispute Out of Court

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Meta Platforms, Inc., has, reconciled its differences with the Nigeria Data Protection Commission (NDPC) in the suit it filed to challenge NDPC’s $32.8m fine imposed against it.

Meta, NDPC Resolve $32.8m Privacy Dispute Out of Court

The legal dispute between Meta and the NDPC ended after both sides agreed on terms to settle the $32.8 million fine earlier imposed on the company.

On February 18, 2025, the NDPC fined Meta $32.8 million and issued eight corrective orders for allegedly violating the privacy rights of Nigerian users through behavioural advertising practices on Facebook and Instagram.

At Monday’s proceedings before Justice James Omotosho of the Federal High Court, Abuja, Fred Onuobia, SAN, Meta’s counsel, informed the court that the parties had signed terms of settlement dated October 30 and filed on October 31.

“We adopt the terms of settlement and ask my lord to enter them as the judgment of the court,” Onuobia said.

Adeola Adedipe, SAN, Counsel for the NDPC, did not oppose the application.

Justice Omotosho then adopted the agreement as the court’s judgment and commended both parties for choosing to resolve the matter amicably.

“The terms of settlement entered by the parties in suit number FHC/ABJ/CS/355/2025, dated October 30 and filed October 31, 2025, are hereby adopted as the judgment of this court,” the judge ruled.

The decision ends months of litigation after Meta challenged the NDPC’s fine and enforcement orders through a judicial review, claiming the agency acted beyond its powers and failed to follow due process.

After several adjournments to allow for discussions, both sides eventually reached a mutual resolution.

The NDPC’s case against Meta is one of its major enforcement actions under the Nigeria Data Protection Act, signed into law by President Bola Tinubu in June 2023, which seeks to strengthen the protection of Nigerians’ data privacy rights.

 


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World Economic Forum Head Predicts AI, Crypto Bubbles

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Large investments in artificial intelligence and cryptocurrencies could lead to the development of bubbles, according to Børge Brende, president, World Economic Forum (WEF).

World Economic Forum Head Predicts AI, Crypto Bubbles

Børge Brende, president, World Economic Forum

“There is definitely a geopolitical disorder … But even in the situation of geopolitical disorder, the global economy has been incredibly resilient – not necessarily in Europe but in India, China and the USA,” Brende said in Berlin.

He noted that this was being fuelled by investments in new technologies like AI.

“This year has seen $US500 billion ($A762 billion) of investments in AI alone. So, what we can be worried about is that there may be bubbles developing, be it a bubble on crypto or an AI bubble,” Brende said.

The WEF head said investors need to be patient with these investments.

But he also said that frontier technologies would be the new drivers of growth.

“We will also need to make sure that the new technologies and the benefits trickle down. We could even see productivity gains of 10 per cent in the coming decade. And productivity is prosperity,” Brende said.

He described the new technologies as “a big paradigm shift” and predicted breakthroughs in medicine, synthetical biology, space and energy.

“AI can accelerate processes so quickly,” he said.

The Norwegian has taken over from WEF founder Klaus Schwab.

The forum holds an annual conference in Davos in the Swiss Alps attended by world political and economic leaders.

The 56th conference is scheduled for January 19-23, 2026.

Brende also expressed concern about global crises and conflicts.

“There is definitely a geopolitical disorder: the world order we had is not there anymore. What is the next world order? Hopefully not the law of the jungle,” he said.

And, in a reference to current US tariff policy, he said that uncertainty was the highest tariff.

“One of my worries is that global investments are going down. We need to re-establish an environment for investments,” he said.

Brende said the current competition between the United States and China was “basically a competition for hegemony or dominance in technology. The country that leads in new technologies – be it quantum, superintelligence, AI, autonomous vehicles or synthetical biology – will also be the most powerful nation coming out of this century,” he predicted.

And he called for multilateral action to deal with “problems that don’t travel with a passport,” including pandemics and cybercrime.

The world is becoming more complicated with different groups forming, Brende said.

He pointed to a G4 of the US, China, Europe and India, followed by fast-growing economies like Indonesia, Malaysia, Nigeria and Brazil.

“It’s going to be a renaissance for mega-regional, so-called plurilateral, deals. But the world is going to be more complicated. There are going to be more suboptimal, not necessarily cost-effective solutions. There is going to be more friendshoring,” he said.

 


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