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Deloitte/LBS Sign MoU To Tackle Africa’s Managerial Skills Gap

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(L-r): Chiamaka Odunze, head, Corporate Communications; Dr. Enase Okonedo, the dean of LBS, both from Lagos Business School; Anthony Olukoju, West Africa Chief Operating Officer and Risk Advisory Leader, and Marie-Therese Phido, West Africa Clients & Industries Leader, both from Deloitte Nigeria, during C-Suite Executive Forum MoU signing between the two partners on Thursday.
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Deloitte Nigeria, a member firm of Deloitte Touche Tohmatsu Limited (DTTL) and LBS, Nigeria’s premier business school, on Thursday, signed a Memorandum of Understanding  (MoU) with a view to tackle the dearth of managerial talents in Africa.

Speaking during the MoU signing at Deloitte new office in Lagos, Anthony Olukoju, West Africa Chief

Operating Officer and Risk Advisory Leader, said that Deloitte Nigeria, which is also a part of the Deloitte Africa Practice which has a presence in 34 African countries and service 51 out of the 54 countries in Africa, feels delighted as both organisations have come together in order to sign an MOU on what will be a mutually beneficial journey in the Nigeria business market.

Olukoju said that the partnership with LBS ranked amongst the top open enrolment executive education providers  for the tenth consecutive year since 2007, is very important to both organisations, as they are “learning organisations and believe we have a lot of knowledge to share to and learn from the business community in order to impact positively on the Nigerian economy as a whole.

“Our objective for the Insights will also be about working together with key industry leaders to articulate the implications of leading trends in the economic landscape as well as with captains of industry and leading organisation.

“This discourse will take place annually and the topics of discussion will be jointly selected by both organisations”.

He disclosed that the audience will be C-Suite executives only, selected from all sectors of the economy.

The topics and content will be co-conceptualized to emphasise on the Nigeria’s business environment facilitated by both organisations.

“This collaboration yearly, will culminate in a jointly developed thought leadership material for the Nigerian market.

Once again I welcome you and look forward to fruitful deliberations,” Olukoju added.

With 24 partners and more than 500 professional staff in Lagos, Abuja, and Port Harcourt, he said that Deloitte is one of the biggest providers of services in Nigeria.

Deloitte Nigeria currently provides audit, tax, consulting, corporate finance, accounting and business process solutions and risk advisory services to public and private clients spanning multiple industries.

“Our purpose as an organisation is making and impact that matters. In furtherance of this objective, we moved from our traditional office on Ikorodu Road to the iconic Civic Towers on Monday 27 June to be closer to our clients and to enable us be more impactful in our service delivery.

We welcome you as our first guest as we continue to settle down in the coming weeks,” he added.

On her part, Dr. Enase Okonedo, the dean of LBS, said that LBS which began in 1991 as a small institution called the Centre for Professional Communications (CPC), offering management courses relevant to the Nigerian business environment, has always sought of ways to improve the managerial competences of Africans.

According to her, large organisations can only retain their growth level in the era of technological disruptions by improving on the skill sets and avoid complacency.

LBS was previously owned by the African Development Foundation (ADF), a Nigerian not-for-profit educational foundation, but now owned by the Pan-Atlantic University Foundation.

The best organisations within the Nigerian business landscape were also part of the formation of the prestigious institution.

By 2007, LBS had consolidated its status as Nigeria’s premier business school by ranking for the first time among the top 50 business schools in the world, in the area of open enrolment programmes, by the Financial Times of London.

LBS is still the only Nigerian business school to be included in this prestigious world ranking.

The Dean said thay the partnership provides them with credible platform targeted at C-Suite executives from all sectors of the economy such as consumer business, retail, manufacturing, oil and gas, power, banking, insurance, technology, media, telecommunications, to concentrate on companies on the way to remain relevant even in tech disruption periods.

Also speaking, Marie-Therese Phido, West Africa Clients & Industries Leader at Deloitte, said the foremost C-Suite, coming up later in the year will focus on the theme, “How new business is disrupting traditional business in Nigeria”.

Disruptive Innovation is a term introduced by Clayton Christensen, which has become the norm in describing innovative driven growth.

“Christensen describes disruptive innovation as a process by which a product or service takes root, initially in simple applications at the bottom of the market, moves up market to displace established competitors,” she recalled.

She said thay the partners expectations are thay companies should “leverage disruptive innovation to re-define markets by developing disruptive and transformational products or businesses to serve new markets or customers; introduce incremental changes that differentiate the organization from competition by expanding into adjacent markets; seek steady improvements by optimizing existing (core) products for existing customers.

“The thrust of this year’s session will seek to establish how leading innovators within the Nigerian economy have applied the four levels of innovation practically in their organizations looking at: Strategic alignment and approach; structures and process – organization; accumulation and use of knowledge – resources and competencies and general conditions – metrics and incentives to achieve the positions they have attained in the economy as they contend with established traditional players.

The Target Audience, she said, include captains of Industry in traditional business and new business, who will give their perspectives on how innovation and disruption is affecting their business.


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FG Determined to Protect Rights, Privacy Online- NITDA

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Federal government is determined to protect Nigerians’ rights and privacy in the digital space, according to Dr Ayodele Bakare, assistant director, Cybersecurity Department, National Information Technology Development Agency (NITDA),

FG Determined to Protect Rights, Privacy Online- NITDA

To achieve that, Bakare, said that the government has developed several policy and regulatory frameworks to strengthen cybersecurity.

Bakare, stated all these during an interview with the News Agency of Nigeria (NAN) in Abuja on Monday.

He said that cybersecurity governance in Nigeria was implemented through a collaborative approach involving multiple government institutions with different responsibilities.

According to him, the Office of the National Security Adviser (ONSA) provides overall coordination of national cybersecurity efforts through the National Cybersecurity Coordination Centre, which serves as its operational arm.

“At the national level, cybersecurity implementation is done collectively, and different government organisations are responsible for implementing different aspects of the national cybersecurity framework.

“At the top, however, the Office of the National Security Adviser coordinates these efforts through the National Cybersecurity Coordination Centre,” he said.

Bakare said that one of the key policy instruments guiding the country’s cybersecurity efforts was the National Cybersecurity Policy and Strategy Framework.

He also highlighted the legal framework provided by the Cybercrimes Prohibition and Prevention Act 2015, which was recently amended in 2024 to strengthen Nigeria’s response to cyber threats and digital crimes.

According to him, NITDA has also introduced sector-specific regulations to enhance cybersecurity in the country.

“One such regulation is the National Public Key Infrastructure Regulation, which is one of the core infrastructures required to ensure trust and security in digital communications and transactions,” he said.

Bakare said that NITDA played a pioneering role in Nigeria’s data protection landscape through the Nigeria Data Protection Regulation 2019, which laid the foundation for the current data protection framework.

He said the regulation had since evolved into a full legal framework implemented by the Nigeria Data Protection Commission.

Bakare disclosed that the agency was also finalising an Information Security Regulation that would soon be made available to the public.

He further explained that the regulation would provide organisations and individuals with clear guidelines on their responsibilities in safeguarding information and digital assets.

“Nigeria has continued to strengthen its legal and policy environment for cybersecurity, a development reflected in the country’s performance in the Global Cybersecurity Index.

“One of the pillars of the index focuses on legal measures and assesses the availability of national cybersecurity laws and regulations.

“Nigeria recorded a strong performance under the legal measures pillar, reflecting the country’s efforts to establish the necessary frameworks to support cybersecurity governance,” he told NAN.

He said that sustained collaboration among government agencies and stakeholders remained essential to effectively implement the existing policies and strengthen Nigeria’s digital security architecture.


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Firm Warns of Malware Aiming to Steal Data from Individuals, Organisations in Nigeria

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According to Kaspersky telemetry, in 2025, spyware and password stealers attacks showed the biggest year-over-year growth in Nigeria among different analysed malware types.

Spyware, which is a type of malicious software installed on users’ devices to collect their data, grew in the number of attacks by 28% compared with the previous year. Password stealers, designed to gather users’ account information, increased in the number of attacks by 22%.

Exploits decreased slightly in the number of attacks in Nigeria, however they remain an acute threat that should not be underestimated. These are programs designed by cyber attackers to take advantage of vulnerabilities in an application or operating system to gain unauthorised access to it and to cause unintended behaviour to occur on software.

Ransomware, though very targeted in distribution, remains a high-risk threat for organisations, who should also guard themselves from supply chain and trusted relationship attacks.

Overall, Kaspersky security tools blocked more than 4 million online attack attempts on users in Nigeria in 2025. Online threats typically include different types of malware attacks, such as for example, password stealers, exploits, spyware, etc. Another 9 million on-device threats were blocked in the country, including malware delivered via infected USB drives.

“Operations coordinated by INTERPOL, such as Serengeti to which Kaspersky has contributed, demonstrate how international cooperation and threat intelligence sharing can strengthen the fight against cybercrime across Africa. At the same time, both organisations and individual users in the region play an important role in improving cybersecurity by staying informed about evolving threats and practicing good cyber hygiene.

“Dedicated security solutions, including Kaspersky Next for organisations and Kaspersky Premium for individuals, can further help reduce exposure to cyber risks,” said Moses Munguti, Technical Expert & Team Lead in Africa at Kaspersky.

Malware often reaches a device through phishing messages and websites employing social engineering techniques. If an operating system, browser, or application is outdated, attackers may exploit security flaws to install malware. To significantly reduce the risk of infections with malware, Kaspersky experts advise individuals and organisations to follow these best practices:

  • Be cautious with links and attachments received, verify the sender before opening files or clicking links.
  • Download software only from official sources.
  • Install updates for systems and applications as soon as they become available.
  • Use strong, unique passwords and enable multi-factor authentication wherever possible.
  • Install reputable security software that can detect malware before it compromises the system.
  • Regularly back up important data.
  • Staying informed about current cyber threats and maintaining good digital hygiene helps keep devices and data safe.

 


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Nigus International, Elmirate Capital Ink $200m MoU for Nigeria’s Defense Tech, Satellite Hub

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Nigus International Investment Limited and Elmirate Investment LLC (Elmirate Capital) have inked a strategic memorandum of understanding to launch a next-generation defense technology, satellite systems, and advanced manufacturing platform in Nigeria, backed by up to $200 million in planned investment.

Nigus International, Elmirate Capital Ink $200m MoU for Nigeria's Defense Tech, Satellite Hub

Nigus International

The partnership, channeled through a new Special Purpose Vehicle called Nigus Tactical Systems Ltd, aligns with Nigeria’s push for sovereign defense capabilities under the Defense Industries Corporation of Nigeria (DICON) Act 2023.

It targets local production of drones, armored vehicles, munitions, cyber defense tools, and satellite networks to cut import reliance and boost regional security.

“Africa is entering a pivotal phase where technological capability defines economic strength and national security,” said HRH Prince Malik Ado-Ibrahim, Executive Chairman of Nigus International.

“This platform supports innovation, advanced manufacturing, and technology transfer to build a sustainable industrial base for national and regional needs.”

Pankajj Ghode, Managing Director of Elmirate Capital, added: “We’re proud to partner with Nigus to position Nigeria as a technology and aerospace hub.

“Our $200 million commitment connects global expertise in defense, cybersecurity, and aerospace with local talent for resilient growth.”

Key focus areas include Class C manufacturing platforms for tactical/ISR drones, unmanned aerial systems, ammunition, munitions, armored vehicles, and protected mobility; counter-terror surveillance with data analysis and border security tech; military cyber defense and cyber ranges; plus earth observation satellites, secure networks, and geospatial intelligence for defense and civilian use. The initiative aims to create high-value jobs, foster technology transfer, and establish Nigeria as a regional tech hub.


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