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Importance of Co-Working Spaces In Nigeria, Box Office Example

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Doyin Adewola, Founder/CEO, Box Office
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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

 


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Firm Warns of Phishing Attacks via Compromised Amazon Simple Email Service Accounts

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Kaspersky has detected phishing and business email compromise (BEC) attacks that are leveraging Amazon Simple Email Service (SES) – a cloud-based email service designed for businesses and developers to send and receive high-volume marketing, notification, and transactional emails (for instance, password resets).

Because these emails are sent via a trusted service, they originate from reputable IP addresses, frequently include legitimate “.amazonses.com” identifiers. This makes phishing messages nearly indistinguishable from legitimate correspondence at a technical level. Users should treat unexpected emails with extreme caution.

The attacks are driven by the theft and exposure of credentials from Amazon Web Services (AWS). The attackers are using leaked AWS Identity and Access Management Keys – often found in public repositories, misconfigured cloud storage, and exposed configuration files. With automated tools, threat actors can identify valid keys and abuse them to send large volumes of malicious emails through legitimate infrastructure operated by Amazon.

Attackers disguise malicious links behind trusted domains such as amazonaws.com using redirects and by creating highly convincing HTML email templates. In many cases, phishing pages are hosted on infrastructure that appears legitimate, further increasing the likelihood of credential theft from victims.

One of the campaigns observed by Kaspersky in early 2026 involved emails impersonating document-signing platforms like DocuSign. Victims were prompted to review and sign documents, only to be redirected to fraudulent login pages hosted on an Amazon Web Services page designed to capture credentials.

Researchers also identified business email compromise attacks carried out via Amazon SES in which attackers impersonated employees and fabricated entire email threads with suppliers. These messages, often sent to finance departments, requested urgent payments and included PDF attachments containing only banking details – with no malicious links – making detection challenging.

“We’ve seen attackers abuse trusted platforms before – like in cases with Google Tasks and Google Forms – where scammers rely on built-in notification mechanisms to deliver phishing links from legitimate domains like @google.com, effectively bypassing email filters and exploiting user trust.

“However, the abuse of Amazon SES represents a more advanced stage of this trend: instead of merely leveraging a platform’s notification features, attackers compromise cloud credentials and gain direct control over a trusted email-sending infrastructure. This allows them to scale attacks, fully customise messages, and deliver phishing emails that are hard to distinguish from legitimate business communications,” commented Roman Dedenok, Anti-Spam Expert at Kaspersky.

 


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NITDA says Digital Infrastructure Key to Startup Investment, Growth

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National Information Technology Development Agency (NITDA) has reaffirmed that a strong and reliable digital infrastructure is fundamental to attracting investment, boosting competitiveness, and achieving sustainable growth within Nigeria’s startup ecosystem.

NITDA says Digital Infrastructure Key to Startup Investment, Growth

NITDA

This position was underscored at the Africa Fintech Foundry Ecosystem Roundtable 7.0, a virtual engagement themed “The Capital Reset: What Technologies Are Still Fundable in Africa?”

Speaking on behalf of Kashifu Inuwa, Director General of NITDA, the Special Assistant on Digital Transformation to the DG, Muhammad Aminu, emphasised that investors are increasingly drawn to startups operating in environments supported by dependable digital infrastructure and clear, predictable policy frameworks.

He explained that digital infrastructure goes far beyond basic internet access. According to him, it encompasses cloud computing systems, digital identity frameworks, payment infrastructure, data exchange platforms, interoperability standards, cybersecurity architecture, and emerging artificial intelligence technologies.

He noted that, “These foundational systems significantly lower operational barriers for startups, enabling founders to focus on innovation, customer acquisition, and scaling, rather than having to build essential infrastructure independently.”

From an investment standpoint, Aminu observed that robust digital infrastructure reduces uncertainty, lowers operational risk, enhances scalability, and considerably cuts the cost of expansion, thereby making startups more attractive to both local and international investors.

He further highlighted several ongoing government initiatives aimed at strengthening Nigeria’s digital ecosystem. These include sovereign cloud projects, data interoperability frameworks, cloud adoption policies, cybersecurity and data governance reforms, as well as the implementation of the Nigeria Startup Act.

In addition, he stressed that regulatory clarity and consistency in policy direction remain critical in attracting sustained investment into the technology sector.

Aminu also noted that NITDA is giving priority to human capital development through the 3 Million Technical Talent (3MTT) programme, describing skilled manpower as a vital component of digital infrastructure.

In conclusion, he stated that a strong, well‑structured digital infrastructure framework not only lowers the cost of innovation but also boosts investor confidence and supports the long‑term growth and expansion of Nigeria’s startup ecosystem.

 


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CPN Begins Crackdown on Quack IT Professionals, Vows Tougher Action against Cybercrime

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Computer Professionals (Registration Council of Nigeria), also known as CPN has begun a nationwide crackdown on quackery and unlicensed practices in a bid to strengthen professional standards in the country’s information technology sector.

CPN Begins Crackdown on Quack IT Professionals, Vows Tougher Action against Cybercrime

CPN has also  vowed tougher action against cybercrime in the country.

These were the major decisions taken at its 2026 Information Technology Professionals’ Assembly and Annual General Meeting (AGM) on Friday

Essien Eyo, president and chairman of Council of CPN, speaking at a virtual press conference, said the council would continue to enforce strict compliance with professional regulations to safeguard the integrity of Nigeria’s computing ecosystem.

He warned that the council would not tolerate unlicensed practice in the sector, stressing that regulatory enforcement would be strengthened in line with its statutory mandate.

“The Act makes it mandatory for all persons and organisations seeking to engage in computing and professional services to be registered and licensed by the council.

“It is illegal to engage in computing and professional practice without satisfying the requirement of registration and possession of a valid licence,” Eyo said.

He added that the council was determined to rid the sector of quackery and ensure that only qualified professionals are allowed to operate.

“CPN is committed to ensuring high professional ethics and standards, and we will continue to intensify efforts to eliminate quackery, arbitrary practice and lack of standards in the IT sector,” he stated.

Eyo disclosed that the 2026 IT Professionals’ Assembly, scheduled for May 13 and 14 at the NAF Conference Centre, Kado, Abuja, would serve as a key platform to advance regulatory compliance, professional development and industry collaboration.

The event, now in its 20th edition, has the theme, “Digital Resilience and Inclusion for Smart Economy,” and aligns with Nigeria’s broader digital economy and Renewed Hope Agenda.

He explained that the theme reflects the urgent need to build a secure, inclusive and resilient digital ecosystem capable of withstanding modern technological disruptions.

“In an era defined by rapid technological change, cybersecurity threats, economic disruptions and evolving digital demands, resilience ensures that digital infrastructure and institutions can withstand shocks and sustain growth,” Eyo said.

“At the same time, inclusion guarantees that no segment of society is left behind in accessing digital opportunities.”

He said the assembly would also focus on emerging digital risks, ethical technology deployment, inclusive policy frameworks and strengthening collaboration among government, industry, academia and civil society.

Eyo further noted that the event would feature the induction of new members into the computing profession and would be delivered in a hybrid format to ensure wider participation.

“The 2026 IT Professionals’ Assembly is not just an event but a strategic platform for shaping Nigeria’s digital destiny,” he said.

He confirmed that the keynote address would be delivered by Bosun Tijani, minister of Communications, Innovation and Digital Economy.

Also speaking,  Aliu Abdullahi, vice president of Council, said the establishment of CPN was a Federal Government response to the need for proper regulation of Nigeria’s growing IT sector.

He said the council’s mandate includes setting professional standards, accrediting academic programmes, conducting examinations, regulating practice, enforcing ethics and maintaining the national register of computing professionals.

Abdullahi reiterated that all individuals and organisations engaged in IT training, computing services and related activities must be duly registered and licensed by the council.

He urged media organisations to support public awareness of the council’s activities, especially the forthcoming assembly, which he described as critical to strengthening Nigeria’s digital governance and professional integrity.


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