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ISPON Urged to Seek Relevance in New Economic Order



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Institute of Software Practitioners of Nigeria (ISPON) has been urged to be united in articulating its vision in the ever-changing economic order which does not have boundaries.

Chinenye Mba-uzochukwu, immediate past president of ISPON stated this in his remark at this year’s Extraordinary General Meeting of the Institute held in Lagos recently.

He said: “we have not achieved our full potential and our full potential rest on what all of us in ISPON do together.

“We may have different opinion in terms of what our priorities are. We may have areas of our specific interest we wish to pursue, at the end of the day it is only when we pull together that we can actually make things happen.

“Taken up single items sometimes works but as you know all systems people know, a system is a system the parts have to work together, we must find a way of creating that synergy. The energy is transferred from one gear to the other and so on. Or in programming you don’t have to get a retrogressive lope where it says same thing over and over again.

“In the past 5 to 10 years we have seen a quite number of movements in the industry and the end result has been that we have established certain franchise within the system and some level of respectability within the area that seem to be our greatest challenge which is the regulatory system.

“We will continue to fight those battles, even as we speak there are a number of bills that are still in view that represent to a very large extent a threat to the overall system itself unless we respond together as one we may find ourselves unable to achieve what we are looking for.

“This conference and EGM are extremely important in that respect. It is critical that we understand the challenges that we face as the system itself is changing as it is accelerating and expanding, what is happening is that as it is expanding there is the tendency that the elements will start to lose touch with each other.

Technology especially software is in the hands of a generation that has more hairs than I do. That generation does not have connection with people like ourselves. The generation that seems to want to go it alone.

“A generation that wants to make and break and move on. Not to build big enterprise system that takes may be 5 to 10 years to put together.

“It is a generation that wants immediate result, a generation that is completely entuned with the fact that they are global citizen and their capacity and creativity can take them anywhere in the world”.

He noted that Nigeria and indeed Africa is facing the speed challenge and as people try to shut the door, and advocate policies that close the door, they cannot close the door because it is globalized world.

“It is a world where there is infinite movement across all dimensions. What we answer today is the call of the market primarily and it is the aspiration of every individual to be the best they can possibly be.

“How do we create an environment that is fertile, rewarding, exciting for anyone who wants to participate in our industry?

“Artificial intelligent world is a world that should excite us and not frighten us. We need to understand that a child of tomorrow is a child that is enabled by his/her capacity to use AI.

“We were told when calculator came we should not take it to the exam hall, we had to work with the slide rule. We have gone from the slide rule to the calculator, we thought the calculator will end all knowledge and make our children dumb.

“We have gone beyond that now, we tell them now not to take the computer to the room. But, today AI is an intrinsic part of our world.

“We must expand not only our minds but also our hearts. We have to accept that the world which we are living in have huge challenges as well as huge potential that is ours, and we have a right to participate in it and our children, children also have a right to participate in it”.

Also speaking, Mr. Bimbo Abioye, the newly elected president of ISPON, reiterated his resolve to ensure active participation in the Nigerian software dream.

“We will encourage Ministries, Departments and Agencies of governments (MDAs), including the private sector to embrace software Nigeria, and patronise it in order to support its growth.

“We will also ensue that Nigeria produces quality software that will meet the needs of Nigerians as well as the needs of multinational companies operating in Nigeria.

“Today we have local software that performs optimally better than most foreign software imported into the country. Software business is about trust, because the software codes are not tangible, but embedded into the computer system to perform certain operations via commands.

“It is for this reason that ISPON must ensure that software developed in Nigeria, must be tested and trusted for use”, he added.


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Cybersecurity Firm Uncovers Scams Targeting Olympic Games Fans



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The first in-person Summer Olympics since the lifting of pandemic restrictions is set to begin on July 26, attracting millions of sports enthusiasts.

Kaspersky experts have noted a surge in scamming activity surrounding the event, with fraudsters targeting users’ money and data.

To understand how scammers are exploiting viewers’ interest, Kaspersky experts analysed Olympic-related phishing websites and identified the main schemes currently in use.

Fake Tickets

With the Olympic Committee warning of fake ticket offers and news of a UK swimmer’s family being scammed out of £2,500 while attempting to purchase tickets for the Paris Olympics, Kaspersky’s telemetry confirms that fraudsters are actively crafting phishing websites.

These sites offer tickets for Olympic competitions at exclusive prices or claim to have seats for sold-out events. This well-tested yet effective fraudulent scheme has resurfaced during many Olympic seasons, and Kaspersky’s experts expect such websites to proliferate during Paris 2024 events.

In this scenario, users fill out a data form and transfer both their personal information and money to scammers. As a result, they may receive invalid tickets or, more likely, nothing at all, leading to financial loss and their data being sold on Dark Web forums.

Fake Corporate Giveaways

Many organisations host giveaways for their employees, partners, and customers during major events. Recently, Kaspersky experts uncovered a fraudulent page impersonating a French bank, falsely promising a chance to win event tickets.

Employees are enticed to fill out a form with personal details, including their Internet account login credentials and passwords. This allows fraudsters to infiltrate victims’ corporate resources and potentially spread malicious content further.

Fake Merch Stores

Kaspersky experts have also discovered fraudulent online stores selling merchandise such as shirts, uniforms, accessories, and more. Needless to say, those who were enticed by these offers never received the items they ordered.

Special Cell Phone Plans

Fraudsters have set up phishing websites offering a free 48 GB data package for all networks. These sites entice users to provide personal information, such as phone numbers and payment details, under the guise of activating the data package.

Once submitted, this information is harvested for malicious purposes, leading to potential financial loss and privacy breaches.

“During major events like the Olympics, the sheer volume of offers can be overwhelming and deceptive,” says Anton Yatsenko, security expert at Kaspersky. “Scammers prey on the excitement and urgency people feel, making it crucial to approach every offer with a healthy dose of scepticism.

Remember, if something seems too good to be true, it probably is. Take the time to verify the authenticity of offers and protect your personal information. Your vigilance can be the difference between enjoying the event and falling victim to a scam.”

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Nigeria inflation rate hits 34.19%



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Nigeria’s annual inflation rate increased for the fifth consecutive month to 34.19 per cent as Nigerians battle with high living crisis.

According to the National Bureau of Statistics (NBS), released on Monday, the June figure is 0.24 per cent higher than the 33.95 per cent recorded in May. The lowest figure in 2024 was 29.90 per cent, recorded in January.

On a year-on-year basis, the headline inflation rate was 11.40 per cent points higher compared to the rate recorded in June 2023, which was 22.79 per cent.

“This shows that the headline inflation rate (year-on-year basis) increased in the month of June 2024 when compared to the same month in the preceding year (i.e. June 2023),” the NBS said.

NBS said on a month-on-month basis, the headline inflation rate in June 2024 was 2.31 per cent, which was 0.17 per cent higher than the rate recorded in May 2024 (2.14 per cent) meaning that in the month of June 2024, the rate of increase in the average price level is higher than the rate of increase in the average price level in May 2024.

According to the NBS, the food inflation rate in June 2024 rose 40.87 per cent on a year-on-year basis, which was 15.62 per cent points higher compared to the rate recorded in June 2023 (25.25 per cent).

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Konga, CeraVe Ink MoU for Exclusive Launch of L’Oreal Product in Nigeria



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At long last, relief is here for the skincare enthusiasts in Nigeria! Konga Health, Nigeria’s premier digital healthcare distribution company, has sealed an exclusive partnership with CeraVe, a leading global skincare brand under the L’Oréal umbrella, to launch its product in the country. L’Oréal is the world leader in beauty: makeup, cosmetics, haircare and perfume in terms of quality, efficacy and safety.

Konga Health

Through Konga Health, a technology-driven healthcare solutions company focused on revolutionizing the healthcare value chain and a member of the Konga Group, this exclusive collaboration will debut with the renowned CeraVe line, offering unbeatable prices and free delivery to some locations Nationwide.

This enhanced partnership empowers Konga Health to onboard pharmacists, physicians, and other healthcare providers Nationwide to support the distribution of CeraVe’s product line. This initiative includes opportunities for recruitment, partnerships, and collaboration to ensure that high-quality skincare solutions are accessible to all nationwide.

This strategic alliance ensures that genuine CeraVe products reach Nigerian consumers swiftly and conveniently, leveraging Konga’s extensive e-commerce infrastructure. Concerns about counterfeit items that often plague the beauty and skincare market are now a thing of the past, as Konga becomes CeraVe’s official distributor in Nigeria.

CeraVe now boasts a dedicated official shop-in-shop (SIS) on, serving as a one-stop destination for all authentic CeraVe products. Shoppers can directly access top-tier skincare solutions identical to those available globally.

Starting Monday, July 15th, CeraVe’s flagship products, such as the Cerave’s Hydrating Cleanser, Foaming Cleanser, SA Smoothing Cleanser, Fragrance-Free Moisturizer with 3 Essential Ceramides & Hyaluronic Acid, Barrier-Reinforcing Moisturizing Cream, Night Cream with Niacinamide, Exfoliating Salicylic Acid Foot Cream, Retinol Serum, Eye Repair Cream, Facial Moisturizers, Hyaluronic, and Vitamin C Serums, will be readily available on the Konga Health and platforms, offering customers a seamless and convenient shopping experience.

Nnenna Emenyonu, Senior Vice President of Konga Health, expressed her excitement about the partnership, stating, “We are thrilled to partner with CeraVe, a brand synonymous with quality and scientific excellence in skincare. This collaboration allows our customers access to top-tier skincare products that are dermatologically tested and proven effective.”

Rabah Deroueche, LID LDB SSA and Business Development Director at L’Oreal, shared similar sentiments, noting, “Our partnership with Konga marks a significant milestone for CeraVe in Nigeria. By leveraging our commitment to quality skincare products and Konga’s platform, CeraVe can reach a wider audience and address the skincare needs of Nigerian consumers. This collaboration ensures Nigerian consumers can easily access our products and experience the benefits of our dermatologist-developed formulations.”

CeraVe has earned its stellar reputation globally through scientifically backed formulations. Developed in close collaboration with dermatologists, CeraVe products meet the highest standards of skincare and are celebrated for using essential ingredients that ensure optimal skin health.

The partnership between Konga and L’Oreal establishes Konga’s standing as a trusted e-commerce platform offering only high-quality products. As the official distributor of CeraVe, Konga is dedicated to maintaining the brand’s integrity by providing shoppers with authentic products that meet their skincare needs.

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