E-Business

eStream 10 Years of Operation

Published

10 years ago

June 9, 2016

Kindly share this post

eStream was founded on March 2006, so, we have clocked 10 years old. As an entrepreneur that saw a problem in the country in terms of connectivity and providing a solution to it, that was how eStream was formed.

We started with VSat as means of communications. Ten years ago, the fiber network in Nigeria was limited, radio connectivity was also limited. Mainly, satellite was the choice.

As years go-bye we found that there was a need for us to start incorporating newer technologies in our network. To that end, we have put in fiber and radio. We still have satellite running up to date.

Actually, over the past ten years, it has been challenging. The situations in the country are such that dollar has never been stable, all the equipment are bought from abroad, government regulations have been tough with accruable multiple taxation.

Accessing funds from the banks is another major bottleneck we encounter in as we pursue growth. In all, we have been able to weather the storms.

Generally, I will say that it was the urge to solve problems in the country that manifested in having eStream come to live. We also want a situation that indigenous companies can be perceived as capable of executing, even better projects, what Americans and Europeans are doing for us.

So, during the course of our ten years, we also obtained our certification on quality management. I think we got that ISO:1900 certification when we clocked seven (7) years.

The whole idea is to prove to the outside world that there are some indigenous companies that can do it in the right way.

Corporate governance is something we hold very seriously in this organization. Quality is also something we don’t play with. In all, it has been challenging and interesting in the life of the company.

Moving forward, we intend to expand our network on fiber and especially on radio. There are some sub-marine cables that have come into the country, but the problem is distribution. It is a factor to induce results in the sector.
Expansion Strategy
Last year, we came up with a five-year business plan. When we started the company ten years ago, the business plan we had was exhausted at about the fifth year. Another one was written, which ended last year. So, our focus for the next five year is majorly on expansion.

Right now, we have agreements on colocation on certain base stations across the country, but we also want to invest on some of those base stations. We have some already, but we are expanding. Like in Onitsha, the ones we have are not enough.

In Abuja we have one and we will launch another one before the end of the month. There is an existing one in Calabar, we want to launch another one there too; so that we can cover the larger part of the country and also the hinterlands.

Secondly, we just signed an agreement with Bitflux, which won the licensing for deploying LTE in Nigeria. But by the law they can’t sell to the end users, rather through internet service providers like us. We are one of their major partners.

The base stations we are building will help in spreading their signals across the country; it is a collaborative drive where they set up some and we do too. We also have plan for setting up our cloud services. Discussions are on with Microsoft and Dell for the purchase of the software and hardware. We expect that the cloud will soon be up and running.

For the LTE, it is not going to be working only on WiFi or MiFi; it will still work on mobile as well. It is not restrictive; as long as your phone has the capacity of working on 2.3GHz spectrum, the signal will work. We are spending a lot of money in setting up these base stations.

It costs a minimum of N20million to set up one base station. If we do some arrangements with people that have buildings, we will be spending N10 to N12million. That is going to be the major drive of our services.

Investments on Distribution
For this year, we have a budget of about $1.2million. What we did was to break down the five year plan into yearly focus. That is why, this year we are focusing on coverage. By next year, it is going to be more on Value Added Services (VAS), because the coverage would have been established. Then, we have plans to have a TV business.

TV perfectly works on satellite. We are trying to incorporate IPTV into our existing business. That will probably happen by next year. Our team is already having talks with a Kenyan Company. We have visited each company’s facilities; we are hoping to tidy up the agreements this year, so that by next year we can launch our IPTV business.

End-Users Services against Corporate Services Delivery
What heralded the birth of our Company was due to the challenge in the corporate market, basically, connectivity. We have achieved a milestone on that, however, we also realized that in the retail or mass market sector, what is focused on is mobile, be it MiFi, or mobile phone, that was what led us into signing agreement with Bitflux.

It is basically to solve some problems in the mass market segment. But you know that as at today most of the mobile internet services providers are on 2G/3G.

None of them is actually what is regarded as full 4G. What we intend bringing on board is the pure 4G service which has a minimum of 10Megabytes per second.

Anything short of that is not 4G, but most Nigerians do not understand the definitions of 2G, 3G or 4G. If the public is educated on how to test the service they are getting, they will understand better. Therefore, we want to bring alongside, education on 4G.

It comes with exceptional speed at a very competitive price. You can imagine getting 100megabytes per second for as little as N5,000. As I speak, it is already happening in some locations in Lagos such as Ikoyi, Victoria Island, among others.

Our focus is that before the end of the year, Lagos State would have been covered. With that, you and I will have access to affordable, reliable and exceptionally fast internet connectivity. In Europe you get a minimum of 12megabytes per second.

They are advanced, because on the move you want to watch CNN, BBC, skype with your wife or husband. These services need big bandwidth, which 2G or 3G cannot really offer.

The True Value of What Subscribers Pay and Mobility
We are already in mobile, just that the devices that will support our 4G services are not yet available. I want to believe that before the end of the year, it will be available. As we speak, Huawei is already producing 2.3Ghz phone which is compatible with our services.

I want to believe that organizations like Samsung, among others are thinking towards that direction. We don’t want to be restrictive in such a way that you must buy our particular set of mobile phones. No. let people have varieties. It will definitely happen.

On whether other companies offer real 4G, I wouldn’t want to quote companies, but what we have experienced is that some are still deploying 2G or 3G.

But they say it is 4G. Education needs to come in, the Nigerian citizens to understand the differences. A typical 4G services have minimum of 10megabytes speed. But 2G is like 2megabytes while 3G gives about 4megabytes.

It is not enough to watch Nollywood content via the mobile phones, but people need the services real time. Only 4G can accord you the pleasure.

Kindly share this post

E-Business

Firm Discovered a New Corporate Phishing Technique using a Popular AI Web Development Platform

Published

1 day ago

June 11, 2026

Chike Onwuegbuchi

Kindly share this post

Kaspersky has discovered that attackers have begun exploiting another legitimate service for malicious purposes – this time it is Tencent EdgeOne Pages, a platform for creating and hosting web applications.

Attackers are misusing its capabilities to generate phishing emails targeting corporate users. Previously Kaspersky has described similar attacks leveraging Google services and web applications generated by Bubble, an AI-powered app builder, to hunt for corporate credentials.

Employees across multiple industries including the industrial sector, sales, and government are among the targets. The goal of the attack is to steal login credentials for corporate resources. Over the past 30 days, the company’s experts have detected more than 8,000 phishing emails using this tactic, including messages in English, Korean, and Russian.

The Tencent EdgeOne Pages service is positioned as a platform for quickly creating and deploying web applications using AI. Scammers misuse it to generate and publish phishing pages in minutes with virtually no web development skills.

Attackers host phishing pages on EdgeOne’s legitimate cloud infrastructure and use trusted domains. As a result, such sites appear to be established and secure to many protective solutions, complicating the detection of such attacks.

How the attack begins

The user receives an email from the alleged “corporate email support team”. The message states that the account login credentials will expire in 48 hours, and that failure to update them may result in problems receiving or sending emails.

To avoid restrictions, the user is prompted to click a link and enter relevant information. Phishing emails are not limited to this narrative, and could deliver any corporate message, such as a message from the HR department or a notification of a received document that should be downloaded.

Clicking the link in the email opens a page with a form for entering the victim’s name, email address, and password. It is a simple design, with virtually no additional elements.

After the user enters their login and password, the data is transferred to a server controlled by the attackers.

“We are seeing a continuation of the trend in which attackers use AI and no-code platforms as part of their phishing infrastructure. We’ve previously observed a similar scheme using the Bubble platform, and here we have yet another example.

“While the communication used in these phishing attacks is typical and has been used before multiple times, the attack technique itself significantly lowers the barrier to entry for attackers and accelerates the creation of phishing resources.

“Previously this required at least basic web development skills, but now an infrastructure for fraudulent emails can be created in minutes,” comments Roman Dedenok, Anti-Spam Expert at Kaspersky.

Kindly share this post

E-Business

Kaspersky Report Shows Early 2026 Witnessed an Increase in Cyberattacks on the Manufacturing Sector

Published

2 days ago

June 10, 2026

Chike Onwuegbuchi

Kindly share this post

According to a new Kaspersky ICS CERT report, in Q1 2026 the percentage of industrial control systems (ICS) on which malicious objects were blocked reached 19.6% globally. Kaspersky security solutions blocked malware from 10,052 different malware families of various categories on industrial automation systems.

Regionally, the share of ICS computers that were attacked ranged from 27.4% in Africa to 9.1% in Northern Europe. Compared to the previous quarter, attacks on the manufacturing sector in Q1 increased in multiple regions, including in Europe and Asia.

Regional split

In terms of overall numbers across all industry sectors, five regions saw an increase in the share of attacked ICS computers in Q1 2026 compared to the previous quarter. These were Southern Europe, Russia, Northern Europe, Canada and Africa.

Industries

In Q1, biometric systems traditionally placed first in terms of the share of ICS computers on which malicious objects were blocked, at 26.4%. These systems commonly have Internet access, are used for email, and, in many cases, have minimal cybersecurity controls within the organisations that use these systems.

Regionally, Southern Europe leads the ranking based on the percentage figures for biometric systems, at 35.15%. Africa follows at 29.58%, and Central Asia comes in third at 28.53%.

In the manufacturing industry, Southeast Asia ranks first among regions in terms of the percentage of ICS computers attacked (23.21%), followed by Africa (21.36%) and South Asia (20.13%).

In 2025, Kaspersky and VDC Research estimated that in just the first three quarters of 2025 cyberattacks on manufacturing organisations via ransomware could have generated over $18 billion globally in losses. Actual business losses could have been even higher when factoring in supply-chain disruptions, reputational damage, and recovery expenses.

“Legacy operational technology systems remain deeply embedded in manufacturing environments, which makes them vulnerable. Supply chain complexity and branching of the trusted partner network expands the attack surface beyond the network perimeter.

Attackers are realising that targeting OT assets of an industrial enterprise is not rocket science, which is why factory shutdowns bring massive financial losses,” commented Evgeny Goncharov, Head of Kaspersky ICS CERT.

Kindly share this post

E-Business

NDPC, Meta Launch 2-Year M-SIDP after Regulatory Settlement

Published

3 days ago

June 9, 2026

Ebere Melum-Nwogbo

Kindly share this post

Nigeria Data Protection Commission (NDPC) has launched the Meta-Supported Initiatives for Data Protection (M-SIDP), a strategic programme aimed at strengthening data privacy awareness, regulatory compliance and institutional capacity across Nigeria’s digital ecosystem.

NDPC, Meta Launch 2-Year M-SIDP after Regulatory Settlement

The initiative follows the conclusion of regulatory proceedings involving Meta Platforms Inc., the parent company of Facebook, Instagram and WhatsApp, over concerns relating to the processing of personal data belonging to Nigerian users. The matter was resolved in 2025 through a court-approved settlement.

Under the agreement, Meta committed to supporting a two-year programme of public-facing data protection measures designed to advance the objectives of the Nigeria Data Protection Act (NDP Act) 2023, the General Application and Implementation Directive (GAID), and the NDPC Strategic Roadmap and Action Plan (SRAP) 2023–2027.

Announcing the initiative, the Commission said the programme would strengthen safeguards for data subjects while promoting responsible data processing practices among organisations operating in Nigeria.

According to a statement signed by Itunu Dosekun, head of the NDPC Media Unit, the programme will focus on governance, research and development, safety and sustainability mechanisms for technology ecosystems, capacity building for Data Protection Officers (DPOs) and Data Protection Compliance Organisations (DPCOs), as well as public awareness campaigns targeted at vulnerable groups.

The Commission stated, “As part of the settlement, Meta committed to supporting a two-year programme of public-facing data protection measures that aligns with the objectives of the Nigeria Data Protection Act, 2023 (NDP Act), the NDP Act General Application and Implementation Directive (GAID) and the NDPC Strategic Roadmap and Action Plan (SRAP) 2023–2027.”

The NDPC stressed that the settlement does not limit its regulatory authority.

“Nothing in this settlement limits the Commission’s independent statutory powers as we continue to exercise our regulatory mandate in relation to data processing activities in Nigeria, in accordance with the NDP Act and other applicable laws,” it stated.

The development comes amid rising global scrutiny of technology companies over data privacy practices, with regulators in regions including the European Union and the United States tightening enforcement against breaches and non-compliance.

Nigeria has also intensified efforts to strengthen its privacy framework following the enactment of the Nigeria Data Protection Act in 2023, which established the NDPC as an independent regulator empowered to monitor compliance, investigate violations and impose sanctions.

Industry experts warn that increasing digital adoption across banking, telecommunications, e-commerce, healthcare and public services has heightened risks of identity theft, cybercrime and unauthorised data sharing.

The NDPC has in recent years stepped up enforcement actions against organisations that violate data protection rules, while also expanding accreditation for Data Protection Compliance Organisations and training for privacy professionals.

The Meta-supported initiative is expected to address gaps in public awareness and technical capacity, while also supporting research and policy development on emerging issues such as artificial intelligence, cross-border data transfers and platform governance.

The Commission said it would provide periodic updates on the implementation of the programme and called on stakeholders to support efforts to build a secure, transparent and accountable privacy ecosystem in Nigeria.

Kindly share this post