News
CWG Can Be Next Google with CWG 2.0- Okere

Austin Okere, founder and chief executive officer, Computer Warehouse Group (CWG) Plc, has noted that the company has the potential to become the next Google, given the business prospects of her new business model, CWG 2.0.
The CWG boss made this point while addressing the company’s shareholders at the 9th Annual General Meeting (AGM) held in Lagos, recently.
In his opening statement, Chief Willie Belonwu, company’s chairman, observed that “ CWG Plc has been able to record strong top line financial figures in the past year, against a volatile backdrop of increments in commodity prices, tariffs and a steady depreciation of the local currency (at the interbank market), coupled with steady decrease in the margins of products and services. The results which showed strong and positive performances across all financial indices also confirmed the company’s position as the foremost Pan African ICT services Provider”
In reference to the future of the company, Belonwu noted that CWG Plc plans to further tap into the growth potentials of emerging African Economies, through the provision of cloud based IT solutions, in the bid to attain her vision to be the number 1 IT utility enabler in Africa.
The Company’s financial scorecard revealed that her revenues grew by 10% while Profit After Tax (PAT) increased by a whopping 81% showing strong efficiency of operations.
The result revealed a Return on Equity of 13% in 2013, as against 11% in 2012 and Returns on Capital Employed (ROCE) of 13% against 7% in 2012.
The Company’s Asset increased by N2bn to N13.4bn as at 2013 year end, while Shareholders’ equity increased by a remarkable 66% to N5.0bn in the same period.
The Company finished with a strong cash position of over N1.1bn at the year end, with a 38% increase in cash from operation over 2012.
Shareholders at the event were informed of the payment of their 8 kobo dividends per unit share, the same day.
According to Okere, CWG 2.0 is a subscription business model and driven by the quest to help Small Medium Enterprises (SMEs) grow and make notable social impact.
This includes Openshopen, a website that affords shop owners open their own virtual store online and SMERP, an enterprise resource planning solution that will help business owners manage their business inventories on a subscription basis.
According to him, Openshopen will allow business owners to open their own online virtual stores which will give their businesses visibility leverages.
“If a buyer searches for a shop that sells spare parts in your location online, for example, he can get to see your store address and get to buy from you without any stress, if you have registered your presence online” he said.
Moreover, the solution will democratize domain possession and give Micro, Small and Medium business owners the platform to compete with known online stores at cheaper rates.
Okere also pointed out that these solutions will have significant social impacts on the society. According to him, there are about 17.7 million Micro, Small and Medium Enterprises (MSME) in Nigeria.
“With their own online stores and with the aid of enterprise resource planning, we will empower SMEs to be able to keep their own records. Then, they can present their records to get credits from the banks. With these loans, they can be able to expand their businesses. If they are able to expand their businesses, each of them can employ one more person.
“If each of them employs one more person, we will end up creating 17.7 million more jobs. The unemployment rate in Nigeria is about 23%, which amounts to about 16 million jobless youths. With this development, we will eradicate unemployment and have more jobs to spare” he added.
The advent of CWG 2.0 has positioned us to be next Google or Facebook and make significant global impact.
And this vision is attainable because our solutions are not only profitable but they are repeatable, scalable and sustainable. He concluded.
The event also witnessed the election of Mr. Emmanuel Ijewere to the board of directors as a Non-Executive Director.
Ijewere is an astute accountant, who had served as president to various notable organizations, such as the institute of Chartered Accountants of Nigeria (ICAN), Red Cross Society, Institute of Directors and others.
In the same vein, three other shareholders were also elected as members of the audit committee, while Ernst and Young was appointed as the company’s auditor for another year.
The event had in attendance the company’s Chief Operating Officer, Mr. Phillip Obioha, Chief Technology Officer, Mr. James Agada; Non-Executive Directors, Mr. AbiodunFawunmi and Mr. Ravi Sharma, represented by Alternate Director, Mr. kunleAyodeji; company Secretary, Barrister OkeyEjibe, shareholders, the media and other stakeholders.
News
Toll Collection on Lagos-Calabar Highway Begins December

Senator David Umahi, the Minister of Works, has announced that a section of the Lagos-Calabar Coastal Highway will be tolled starting in December.
Umahi disclosed this during an interview for a forthcoming State House documentary marking the second anniversary of President Bola Tinubu’s administration.
He said: “By December, we will toll Section 1 of the Lagos-Calabar coastal highway. We project a 10-year return on investment.
“The road has solar-powered lighting and CCTV infrastructure, and offers carbon credit advantages.
“It is more than a road; it is an economic corridor and a catalyst for regional growth.”
According to the minister, 30 kilometres of Section 1 have already been completed, with an additional 10 kilometres in Section 2 nearing delivery. Both segments feature six-lane concrete-paved carriageways, designed to meet modern standards for safety and durability.
Umahi further revealed that construction had commenced on Sections 3 and 3B of the highway, spanning a total of 65 kilometres, covering 38 kilometres in Cross River State and 27 kilometres in Akwa Ibom.
He described the positive response from local communities as a clear indication of the project’s wide-reaching socioeconomic benefits.
“Just days ago, we flagged off Sections 3 and 3B—65 kilometres in total, covering 38 kilometres in Cross River State and 27 kilometres in Akwa Ibom. The host communities’ excitement speaks to these projects’ transformative impact,” he said.
Umahi also highlighted the administration’s renewed focus on the Sokoto-Badagry superhighway, which he noted was part of a broader vision dating back to colonial-era trade plans.
“The Trans-Saharan trade route dates back to colonial-era planning. President Tinubu is now bringing these long-abandoned visions to life,” the minister explained.
News
Kaspersky Uncovers Dero Crypto Miner Spreading via Exposed Container Environments

Kaspersky Security Services experts have identified a sophisticated cyberattack campaign targeting containerized environments to deploy a miner for the Dero cryptocurrency.
The attackers abuse exposed Docker APIs — parts of Docker, an open-source container development platform. In 2025, there are a significant number of Docker API default ports that are insecurely published, accounting for almost 500 occurrences worldwide on average each month.
In the discovered campaign, cybercriminals inject two types of malwares into the compromised systems: one is the miner itself and the other is a propagation malware that can spread the campaign to other insecure container networks.
Kaspersky experts discovered this malicious campaign as part of a compromise assessment project. According to expert estimates, any organisation that operates containerized infrastructure — while exposing Docker APIs without robust security controls — can be a potential target. These may include technology companies, software development firms, hosting providers, cloud service providers and more enterprises.
According to Shodan, in 2025, there are 485 published Docker API default ports¹ worldwide each month on average. This figure illustrates the campaign’s potential attack surface by tallying the “entry points” — or insecurely exposed ports that attackers might target.
Once attackers identify an insecurely published Docker API, they either compromise existing containers or create new malicious ones based on a legitimate standard Ubuntu image. They then inject two malware types into the compromised containers: “nginx” and “cloud”.
The latter is a Dero cryptocurrency miner, while “nginx” is a malicious software that maintains persistence, ensures execution of the miner and scans for other exposed environments. This malware allows attackers to operate without traditional Command-and-Control (C2) servers; instead, each infected container independently scans the Internet and can spread the miner to new targets.
“The campaign has the potential for exponential growth of infections, with each compromised container acting as a new source of attack, if security measures are not immediately put in place in the potentially targeted networks,” explains Amged Wageh, an incident response and a compromise assessment expert at Kaspersky Security Services.
“Сontainers are foundational to software development, deployment, and scalability. Their widespread use across cloud-native environments, DevOps, and microservices architectures makes them an attractive target for cyber attackers. This growing reliance demands organisations adopt a 360-degree approach to security — combining robust security solutions with proactive threat hunting and regular compromise assessments”.
The attackers embedded the names “nginx” and “cloud” directly in the binary — an inflexible executable file composed of instructions and data for the processor, not for humans. This is a classic masquerading tactic that lets the payload pose as a legitimate tool, trying to deceive both analysts and automated defenses.
News
Manager, Others Arraigned for Allegedly Hacking into Premium Trust Bank’s Server

Economic and Financial Crimes Commission (EFCC), on Tuesday, charged five defendants before a Federal High Court in Lagos for allegedly hacking into the server of Premium Trust Bank.
The defendants are listed as the bank’s e-payment service manager, Matthew Adeniyi; Kehinde Odeyemi, a nursing mother; Samson Latshin, Bolaji Omotosho and Sunday Okunnola.
They were charged before Justice Alexander Owoeye, on a six-count charge bordering on conspiracy, cybercrime and unlawful access to the bank’s database.
They, however, pleaded not guilty to the charge.
Mrs. Zeenat Atiku, prosecutor, alleged that they committed the offence between April and May this year, in collaboration with three others, now at large.
Those still at large are Isa Ismaila, Victor Joshua, also known as ‘Oracle’ as well as one other, simply identified as Humble.
According to the charge, the first defendant unlawfully disclosed sensitive credentials, including the bank’s server IP and domain details, to these parties.
She said this enabled an unauthorised access to the bank’s database and the consequent data breach allegedly resulted in financial gains of $10,000.
The prosecutor also alleged that the defendants attempted to intercept the bank’s network and procured a Hewlett-Packard ProBook 440 G9 laptop (serial No. SN#5CD2473N6G) configured to bypass the bank’s security systems.
The anti-graft agency said the alleged offences contravened the provisions of sections 12(1)(b), 27, 28(1)(b)(c) and 28(3) of the Cybercrimes (Prohibition Act, 2015 (as amended in 2024).
Following their pleas, the prosecutor, requested for a trial date and sought an order to remand the defendants in custody.
Meanwhile, the court declined an oral bail by the defence counsel and directed that a formal bail application be filed.
He adjourned the case until June 30, for trial and ordered that the defendants be remanded at the Nigerian correctional centre, pending bail.
The court, however, added that the defence may apply for an earlier trial date, upon filing their bail applications.
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