E-Business
FG Rewards 12 Winners of 60-Day App Challenge

Federal government has rewarded 12 youths who won the Federal Ministry of Youth and Sports Development 60-day App Challenge.

Sunday Dare, minister of Youth and Sports Development
10 of the youths received one million Naira each, while five got #500,000 each.
The disbursement held on Sunday during an event to celebrate the maiden National Youth Day observed on November 1.
The Day which was being marked nationally for the first time coincided with the African Youth Day celebration.
The event has as its theme: “Invest in the Youth, Secure Our Future”.
President Muhammadu Buhari used the occasion to appeal to the youth to end the protests and participate in meaningful discussions with the government aimed at comprehensive reforms to end all forms of police brutality against Nigerians.
Buhari, represented by Mohammad Bello, minister, Federal Capital Territory (FCT), said that the protests had led to the disbandment of the Special Anti-Robbery Squad (SARS).
According to him, the demands of the youths have been heard by the Federal Government.
Buhari said that the federal government “now wants to hear concrete and practical ideas,” from the youths while acknowledging their constitutional rights to peaceful protests.
”You must realise that protests cannot last indefinitely. My government will not lift a hand to stop or suppress you.
“However, the fact of the matter is that other forces and actors will seek to take over your protests that they may redirect them in ways you did not intend and perhaps do not agree with.
“Every successful protest worldwide has understood that there comes a time when activities must move from the streets to the negotiation table.
“That time for you has come. Do not be afraid of this reality. You should welcome it,” he said.
According to him, it is important that we all strive to use this moment constructively. Too many people have already sacrificed too dearly. It is our duty to use this fateful situation to move ourselves to a more just and caring society.
“As youths, you have a nation and a future to build. My government will always be your faithful partner in this essential and patriotic endeavour,” Buhari said.
“The president, however, expressed concern for the use of force against innocent, law-abiding persons, particularly young people.
“No one who is obeying the law, whether they are in line waiting for a taxi or in a peaceful protest line, should be harassed or brutalised by law enforcement agencies.
“It is because of my abiding belief in the people’s constitutional rights that we moved with dispatch to abolish SARS.
“We are also considering other reforms that will enhance the quality of law enforcement and improve the relationship between the police and public which is a pre-requisite in a just society.
“To allow protests is not a sign of weakness. It is a sign of strength and belief in democracy and faith in the innate goodness of our people.
“This also shows confidence in the ability of our government to work with the people toward a reasonable and practical resolution to any challenge,” he said.
Describing Nigerian youths as agents for social change, economic growth and sustainable development, Buhari said his administration had established no fewer than 25 initiatives aimed at empowering youths across the country.
The president noted that these noble initiatives, ongoing in the last five years, were aimed at placing Nigerian youths on the path of career development, entrepreneurship, skills development and direct employment.
“Today, we will unveil the official logo of the N75 billion Nigeria Youth Investment Fund for the period of 2020 – 2023.
“This novel fund is dedicated to investing in the innovative ideas, skills and talents of the youth and to provide our youth with a special window to access much-needed financing, business management skills and other inputs critical for sustainable enterprise,” he said.
Buhari announced that more than one million applications had already been received since the Youth Investment Fund Portal became functional on October, 12.
He listed other youth-based initiatives consistent with his administration’s policy of positioning the youth for strategic leadership in different fields of endeavour.
They include the birth of the Nigerian Youth Policy in 2019, the Nigeria Youth Investment Fund in July 2020, Young Farmers Initiative, and Digital Skills.
He listed others to be Entrepreneurship, Employability and Leadership/Mentoring (DEEL) programme, which recently received an approval of N4 billion for implementation, and the Not Too Young to Run Act.”
Other initiatives, he said were the Presidential Youth Empowerment Scheme (P-YES), the N-Power, SI and Disaster Management, the Youth Entrepreneurship Support Programme, Graduate Internship Scheme (GIS) and the Youth Enterprise with Innovation In Nigeria (YouWIN).
The president also mentioned the 20 million dollars Technology Fund for Young Innovators as some of the major initiatives empowering youths across the country.
Restating his call for national unity, Buhari said that the youth were better positioned to drive the indivisibility of Nigeria and collectively overcome whatever challenges bedevilling the nation.
“On this special occasion, we affirm our faith and confidence in the indivisible entity called Nigeria and its future.
“We face many challenges but in you, this nation has the collective ability and drive to overcome that which confronts us,’’ he said.
E-Business
Kaspersky Warns of The Gentlemen Ransomware Group Expanding Operations with New Malware

New Kaspersky Global Research and Analysis Team (GReAT) research into the rapidly growing ransomware group known as The Gentlemen has showed that the attackers have evolved their tactics through new custom-built tools – a backdoor designed to facilitate information gathering before ransomware deployment and control over compromised systems, and a ransomware executable file.

The group has been active worldwide across industries including manufacturing, IT services, healthcare, financial services, construction, and logistics.
In its recent report Kaspersky shared an overview of ransomware trends: according to Kaspersky Security Network, in 2025 Latin America had the highest share of organisations with ransomware attacks detected (8.13%), followed by the Asia-Pacific region (7.89%), Africa (7.62%), Middle East (7.27%), the Commonwealth of Independent States (CIS, 5.91%) and Europe (3.82%).
The Gentlemen is a rapidly expanding Ransomware-as-a-Service (RaaS) operation believed to have emerged around mid-2025. The Gentlemen and its affiliates primarily gain initial access to victim systems through the exploitation of Internet-facing services and compromised credentials.
The attackers may be seeking collaboration with Initial Access Brokers (IABs) to acquire access to organisations with valuable intellectual property with minimal effort. Kaspersky found that access to some victim systems, using techniques the group does not typically employ, occurred long before the ransomware infection. This may mean that the initial access was not carried out by The Gentlemen, but rather by another threat actor, possibly an IAB.
Unlike many RaaS groups, The Gentlemen demonstrates a high level of sophistication, employing custom tooling and flexible intrusion tactics. Kaspersky researchers identified a previously unknown, custom-developed backdoor written in Go deployed by the attackers one day before ransomware execution.
The implant gathers host and network information and hides its console window to avoid detection. Its capabilities include bidirectional communications with the attackers, server-controlled command execution, and reconnaissance, enabling attackers to extend and adapt their activity within a compromised environment.
Kaspersky also found a new ransomware variant written in C affecting a limited number of corporate victims. While The Gentlemen has primarily used a ransomware implant written in Go that was designed for cross-platform use, the new C-based variant appears to be Windows-focused. The group may be testing the malware in real victim environments as it expands its technical arsenal.
Notably, in their attacks the Gentlemen attempted to remove the Kaspersky security solution by utilising kavrmvr.exe (a tool designed to remove Kaspersky products). However, the Kaspersky solution remained active, and the move by the attackers was blocked and flagged as malicious.
“Despite being a relatively recent entrant to the ransomware threat landscape, The Gentlemen group is rapidly gaining a reputation among threat actors, attracting affiliates and executing high-profile attacks.
“The testing of the new C-based ransomware variants suggests that the group is actively refining its capabilities, which may translate into more stable and scalable attack chains in the near future.
“Organisations should anticipate further malicious ransomware activity and are strongly advised to prioritise vulnerability management and system hardening processes to mitigate the risk of compromise,” said Fatih Sensoy, security expert at Kaspersky GReAT.
E-Business
Kaspersky Reveals Malware Attacks on SMBs Disguised as AI Services Surged by Five Times in 2026

From January to April 2026, Kaspersky security solutions detected more than 33,300 attacks on small and medium-sized businesses (SMBs), in which malicious or unwanted software for PCs were disguised as popular artificial intelligence (AI) services. This number has surged by almost five times when compared to the same period in 2025.

A new Kaspersky report reveals threat analysis and mitigation strategies to help SMBs protect themselves against the evolving threat landscape.
Kaspersky experts explored the extent to which threat actors target small and medium-sized businesses with malware disguised as legitimate AI services, considering the growing popularity of such tools for the business workflow. At the beginning of 2026 the most common lures in cyberattacks involved malware posing as ChatGPT (42%), Claude (24%), and DeepSeek (20%).
Among unique malicious files detected in the SMB sector and masqueraded as AI services, Kaspersky experts observed mainly different Trojware (Trojans and Trojan-like malware), including those capable of downloading and running other malware on compromised devices.
Trojware disguises itself as harmless files to trick users into installing them. Their functionality may vary depending on the type of the malware. It may include stealing, deleting, blocking, modifying or copying users’ data, as well as other malicious capabilities. Given this, Trojware represents a highly dangerous cyberthreat to entrepreneurs and businesses.
However, in 2026 Kaspersky telemetry detected even more attacks on SMBs, in which malicious or unwanted software for PCs were disguised as messenger apps and video conferencing software: Telegram, WhatsApp, Zoom and Microsoft Teams. From January to April Kaspersky solutions blocked almost 415,000 such attacks.
The number of attacks changed marginally compared to the previous year’s figures. Thus, Kaspersky experts note that the lure of fake communication apps remains a widespread cyberthreat.
“The threat landscape is evolving with new lures constantly appearing. For example, for the first four months of this year our solutions for small and medium-sized businesses detected hundreds of attacks, in which malicious or unwanted software were disguised as OpenClaw – an AI tool that rapidly gains popularity in 2026.
Corporate employees are increasingly using various AI services and other tools in their workflows, including those that are publicly available. Thus, to be on the safe side, SMB employees – as well as all users – should exercise caution when looking for software on the Internet. Always check the correct spelling of the website and links in suspicious emails, and use robust security solutions,” says Vasily Kolesnikov, security expert at Kaspersky.
“As adversaries constantly refine their methods to exploit human error, the need for up-to-date security awareness training for businesses of all kinds and sizes is undeniable. However, the reality is that micro-organisations often struggle to allocate time and budget to regularly update their staff on the latest threats and malicious trends.
“We believe this issue can be largely addressed through solutions tailored for small businesses which deliver robust core protection while also providing accessible security education,” adds Rodion Pyanov, product manager, Kaspersky Small Office Security.
E-Business
LG Showcases AI-Powered Smart Living Innovations @ Africa Technology Expo 2026

LG Electronics has reaffirmed its commitment to advancing innovation and smart living across Africa by participating as a supporting sponsor at the Africa Technology Expo (ATE) 2026, where the company is showcasing its latest portfolio of premium consumer electronics and home appliance innovations.

The two-day expo, themed around strengthening Africa’s enterprise technology ecosystem through collaboration and innovation, has brought together industry leaders, technology innovators, multinational companies, policymakers, and entrepreneurs to explore opportunities for cross-border partnerships and digital transformation across the continent.
As one of the supporting sponsors of this year’s event, LG’s interactive exhibition booth has become a major attraction, offering visitors firsthand experience of the company’s latest AI-powered technologies designed to enhance everyday life while delivering greater comfort, convenience, energy efficiency, and connectivity.
Among the innovations on display are the latest LG QNED TV, delivering exceptional picture quality and immersive entertainment; the iconic MoodUP™️ Refrigerator, which combines intelligent cooling with customizable LED door panels; the innovative LG WashTower™️, an all-in-one premium laundry solution that maximizes space and efficiency; the energy-efficient LG ARTCOOL Air Conditioner and LG Air Tower, designed to provide smarter climate control; alongside LG’s advanced Dehumidifier and other intelligent home solutions.
Speaking on LG’s participation, Mr. H.S. ji, Managing Director, LG Electronics West Africa, said: “Africa Technology Expo provides an excellent platform to engage with innovators, businesses, and consumers who are shaping the future of technology across the continent. At LG, innovation goes beyond creating advanced products, it is about developing meaningful solutions that improve everyday life.
“Our participation reflects our commitment to supporting Africa’s digital transformation while introducing intelligent technologies that make homes and workplaces smarter, healthier, and more energy-efficient.”
The Africa Technology Expo was established to foster stronger collaboration among African businesses, emerging enterprises, and multinational organisations. During the opening ceremony, the organisers emphasized the need for deeper continental collaboration to unlock Africa’s innovation and economic potential, noting that previous editions of the expo have facilitated approximately $192 million in business deals among participating companies.
LG’s presence at the event aligns with this vision by demonstrating how cutting-edge consumer technology can support economic growth, digital inclusion, and sustainable development across Africa.
Visitors to the LG booth are participating in live product demonstrations, interactive experiences, and expert consultations, gaining valuable insights into how LG’s AI-powered ecosystem seamlessly connects home appliances and entertainment products to deliver a smarter lifestyle.
As technology continues to reshape industries and everyday living, LG remains committed to driving innovation that empowers consumers, supports enterprise growth, and contributes to Africa’s evolving digital economy.
E-Business2 days agoLG Showcases AI-Powered Smart Living Innovations @ Africa Technology Expo 2026
Telecom2 days agoOADC Reaffirms Abundant Capacity in Data Centres in Nigeria to Host Financial Data
E-Financial2 days agoUBA mobilises employees across Africa for environmental clean-up, wellness campaign
General News2 days agoLASTMA Launches 3367 Toll-Free Hotline for Emergency Response, Traffic Management
E-Financial2 days agoPalmPay Calls for Trust, Infrastructure and Responsible AI to Drive Payment Ecosystem Innovation
Telecom2 days agoALTON Backs NCC’s Local Smartphone Manufacturing Drive to Widen Digital Access
E-Business2 days agoWant a Business Loan Without Interest? SMEDAN Launches N500m Fund
E-Financial2 days agongCERT Raises Alarm over Surge in Banks’ ATM Cyberattacks















