E-Business
Importance of Co-Working Spaces In Nigeria, Box Office Example
Startups often face the challenges of having little or no funding. One of the ways to support them in the early stages of their businesses is to provide basic infrastructure for them and to continue building until their products, services or solutions starts gaining a reasonable number of customers.
This has led to the popularity of incubation centres and Co-working spaces in the country. It is interesting to note that Co-working spaces are also becoming a common feature in Europe, with the Startups metropolis, Berlin, being a major booster.
I recently had a chat with Doyin Adewola, Founder/CEO, Box Office and the topic of discussion was on the importance of Co-working spaces in Nigeria.
On how the journey has been, so far, Doyin said that is has been tough, interesting, fun and a roller coaster of sort and he has learnt a lot along the way and this has made the organization stronger.
Reacting to a question on why he decided to be the Founder of a Co-working space where other Startups work from, Doyin stated that it was something of a passion for him.
According to him, it could have been any other kind of business, say, transport, food, etc. He stated that his love for solving problems and being creative, innovative as well as his love for solving other people’s problems in his environment, gave him the impetus to start the Co-working space for Startups to patronize.
When asked about the challenges he is facing in the business in terms of rent that is not cheap in Abuja, Doyin stated that his organization’s model solves part of that problem because, it is based on leveraging on economies of scale. “We are able to get as many entrepreneurs as possible into this facility and the cost is split across board”, he stated. He further said that cost per Startup is reduced to the barest minimum.
He said that his organization was able to get some concessions from the property owners to make payments flexible and this has helped a lot as normally, rent is paid annually or for two years in advance in Abuja.
Answering another question on how Startups who do not have money and probably, trying to make ends meet, are able to afford the services of the Co-working space, Doyin stated that, not all those that patronize his Co-working space are Startups as there are different categories of options. He said that there are some established businesses that have been running for five to ten years that also use the facility.
These, according to him, are the ones that are able to pay the rent for big spaces in his Co-working space. He stated that smaller Startups go for the lower rate and cheaper office spaces that are more affordable.
He, however, noted that many of the Startups that patronize his Co-working space barely last for six months mostly because they run out of business as they are short on funding.
When asked if he had received any support from the government, considering the importance of what he is doing, Doyin stated that he is not getting any support from the government, stressing that the growth of his Co-working space has been organic.
The problem of rent is very fundamental in Abuja, he explained, and unlike the clusters of business districts that we have in different locations in Lagos, every business needs to be located in the Central Business District in Abuja to be seen as serious, so, there is high demand for office spaces in the Central Business District in Abuja and that is what has helped the patronage of his product.
On how impacting his organization has been to building an ecosystem in Abuja, Doyin said that his organization is a Co-working space, which is a style of working. It is one where people leverage on each other’s expertise in a shared environment and resources.
The impact, he stated, is that businesses are able to reduce their risks when starting their businesses. “Rather than you paying rent for one or two years, with our model, you can have a day office or three month’s office, which helps you to understand your business and reduce your risks”, he stressed.
He stated that the model also helps the Startups to concentrate on their businesses in an environment where they do not have to buy furniture, generators, etc., because they have access to shared services. Doyin further opined that jobs and wealth creation are some of the impact it has on the ecosystem.
Doyin stated that government needs to understand that positive impact that Co-working spaces and Hubs are creating, hence, the need to strengthen them.
He stated that government could assist the Startups by converting most of the abandoned government properties and those that have been seized by the government security Agencies, to Co-working spaces and Hubs that the Startups can access at very low costs.
In conclusion, Doyin advised Startups to start small, have a lot of patience while they are gradually growing their businesses. He stressed that they should not see their Startups as an alternative to hang on to until they can find another job, but they should be ready for the long haul.
CFA is the Founder, www.CFAtech.ng & Co-producer/Presenter, Tech Trends on Channels Television
Kaspersky has identified an advanced phishing campaign targeting employees with personalised emails and attached documents disguised as HR policy updates.
This campaign marks a significant escalation in phishing tactics, with attackers tailoring not only the email body, but also the attachments by addressing individual recipients, showcasing an unprecedented level of customisation. The goal was to lure the victim into entering their corporate email credentials.
The attackers likely prepared by parsing employee names to make the campaign targeted and more convincing.
The emails feature a deceptive body: a fraudulent “verified sender” badge to build trust, the recipient’s name, and an invitation to open the attached file to review remote work protocols, benefits administration and security standards. However, the whole email body is in reality just an image with no real text in it; this is done to bypass email filters.
The attached document, posing as an updated “Employee Handbook,” does not contain any actual guidelines – only a title page, a table of contents with the items that have supposedly been changed highlighted in red, a page with a QR code, supposedly for going to the full document and common instructions on how to read QR codes using a phone. The document features the victim’s name multiple times to convince that this document was created specifically for them.
If the victim scans the QR code and follows the link, they land on a fraudulent page where they are asked to enter their corporate credentials, which is what the attackers are hunting for.
“This campaign demonstrates a new level of sophistication in phishing attacks, and we may be seeing a new mailing automation mechanism that generates a separate attached document and a separate image for the email body for each recipient.
“This tactic allows to scale the attack and at the same time possibly evade traditional defenses. Organisations must prioritise advanced security measures and employee education to stay ahead of these threats,” comments Roman Dedenok, Anti-Spam Expert at Kaspersky.
Temu, the global online marketplace, has joined the International Trademark Association (INTA) as a corporate member and serves on its Anti-Counterfeiting Committee.
INTA is a global association that brings together more than 6,700 organizations, representing over 37,000 trademark professionals and brand owners across 181 countries. By joining INTA, Temu deepens its commitment to building a trusted online marketplace and advancing global IP protection through broader, cross-industry collaboration.
“INTA welcomes TEMU’s willingness to engage in anticounterfeiting initiatives, including in the Association’s annual Anticounterfeiting Workshop and Online Takedown Certificate Program which serve to share best practices and connect stakeholders,” said Alastair Gray, Director of Anti-Counterfeiting, INTA. “Constructive collaboration with these efforts can contribute to the protection of intellectual property rights for INTA members and support the removal of counterfeit products from the platform which ultimately protects consumers.”
At the 2025 INTA Annual Meeting held in San Diego in May, Temu participated in the Anti-Counterfeiting Committee Roundtable, serving as a moderator to facilitate discussions among brand owners, online platforms, and government officials on emerging technologies, best practices for collaboration, and strategies to strengthen global anti-counterfeiting efforts.
“Joining INTA and serving on its Anti-Counterfeiting Committee reflects Temu’s ongoing commitment to ensuring a trustworthy online shopping experience,” said a Temu spokesperson. “We value collaboration with industry peers and stakeholders and are dedicated to advancing collective efforts in intellectual property protection.”
Temu also participates in INTA-led online workshops, including the Online Platform Notice and Takedown Certification Program, which outlines the latest procedures and best practices used by e-commerce platforms and social media companies. These workshops aim to enhance the quality and accuracy of rights-holder notices, promoting more effective takedown processes and content moderation.
Since launching in 2022, Temu has made significant investments in IP enforcement. Its measures include comprehensive seller vetting and compliance training, 24/7 algorithmic monitoring with manual review, a dedicated IP protection portal and brand registry to streamline takedown submissions, and an internal enforcement team that handles claims with speed and accuracy.
China’s Huawei Technologies unveiled an AI computing system on Saturday that an industry expert said rivals Nvidia’s most advanced product, as the company aims to expand its footprint in the country’s booming AI sector.
The CloudMatrix 384 system made its public debut at the World Artificial Intelligence Conference (WAIC), a three-day event in Shanghai, attracting a large crowd to Huawei’s booth with its showcase of cutting-edge AI innovations.
The system has attracted significant interest from the global AI community since Huawei (HWT.UL) first introduced it in April. Industry analysts see it as a direct challenger to Nvidia’s GB200 NVL72, the most advanced system-level offering currently available from the U.S. chipmaker.
In an April article, Dylan Patel, founder of semiconductor research firm SemiAnalysis, stated that Huawei now possesses AI system capabilities that could surpass those of Nvidia.
Huawei staff at its WAIC booth declined to comment when asked to introduce the CloudMatrix 384 system.
A spokesperson for Huawei did not respond to questions.
Huawei has become widely regarded as China’s most promising domestic supplier of chips essential for AI development, even though the company faces U.S. export restrictions.
Nvidia CEO, Jensen Huang told Bloomberg in May that Huawei had been “moving quite fast” and named the CloudMatrix as an example.
The CloudMatrix 384 system features 384 of Huawei’s latest 910C chips and, according to SemiAnalysis, surpasses Nvidia’s GB200 NVL72 in certain performance metrics, despite the latter using 72 B200 chips.
SemiAnalysis attributes this performance advantage to Huawei’s strong system design, which offsets the lower power of individual chips by leveraging a greater number of them and incorporating system-level innovations.
Huawei describes the system as utilizing a “supernode” architecture that enables ultra-high-speed interconnectivity between chips.
In June, Zhang Pingan, CEO, Huawei Cloud confirmed that the CloudMatrix 384 was already operational on Huawei’s cloud platform.
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