E-Business
Job Opportunities in Lottery Are Limitless – Says Expert

As the unemployment rate in the country to exacerbate, it has a domino effect on all sectors of the economy.
The Nigerian Bureau of Statistics has put the figure at 13.9%, revealing that the number of unemployment percentage in the labour market has surged by 555,311 persons.
However, to proffer panacea to the unemployment challenge in the country, expert has described lottery as a tool with diverse opportunities to end the scourge.
Enumerating these opportunities, Niyi Adekunle, MD/CEO of Lotgrand, operator of Grandlotto and FirstBet, said that job opportunities in lottery are limitless; adding that the technology aspect of lottery business offers more jobs than one can imagine.
According to him, “The thermal paper used daily in the business is more than 30,000 rolls. These are imported from overseas. Likewise, the points of sales [PoS] terminals are also imported.”
The industry, he said, is wide enough to the extent that it can generate employments for specialists. “The terminals commissioned daily are exposed to wear and tear. These terminals will be out of service someday. They would need repairs. Expertise is required in that area and more jobs can be created as a result”, he said.
Adekunle said that if the lottery industry is managed well, it would contribute to the advancement of the economy to the magnitude that it would be difficult for the country to recede into economic recession again.
He therefore cited Croatia as a country that in 2015 funded 19% of its budget with revenue accrued from lottery. He said that ‘‘the current high patronage noticed in lottery by more Nigerians is not because of the economic recession as it is commonly speculated’’, insisting that the ‘’economic recession is a recent occurrence.”
He listed Morocco, Dubai, China and Singapore and other countries that are frontline lottery nations ‘’are not in economic recession’’. For about four years, he noted, lottery was the major source of funding for Croatia. “Lottery generates huge revenue in Croatia. In Asia, the continent earns billions of dollars from lottery. So it is all about planning and putting in place good policies.”
He explained that with London’s population of 8.6 million people, there are 38 companies running lottery and sports betting. “That is why the 2012 London Olympics Games was solely financed by revenue from lottery”, he revealed.
According to him, playing lottery has become a pastime worldwide, as it has taken a different dimension in China, Japan, Hong Kong, and Singapore. These countries churn out volumes in revenue more than the United Kingdom. “China is not in recession. In our contemporary world, no economy has grown as fast as that of China”, he said.
To buttress this, he informed that under the leadership of Seun Anibaba, CEO of Lagos State Lotteries Board, the board has continued to provide support funding for some of the state’s developmental projects using revenue accrued from lottery.
Some of these projects include investment in security gadgets to enhance security in the state, renovation of secondary, primary schools, and hosting of Lagos carnival.
On the policies that guide the game of lottery in the country, Adekunle advised states and federal governments to close ranks and present a common ground regarding policy formulation and the policy must be market conscious and business friendly.
E-Business
NITDA Warns Nigerians of Actively Exploited Microsoft Office Vulnerability

National Information Technology Development Agency (NITDA) has issued an urgent cybersecurity warning about a serious Microsoft Office vulnerability (CVE-2026-21509) that attackers are actively exploiting.

This advisory, shared through Nigeria’s Computer Emergency Response Team (CERRT.NG), highlights the risks of this flaw and recommends immediate action to protect systems.
Microsoft has released quick security updates to fix this vulnerability, which has a severity score of 7.8, showing it is a serious risk. Attackers have already used it in targeted attacks.
CVE-2026-21509 affects multiple versions of Microsoft Office, including Office 2016, Office 2019, Microsoft 365 Apps, Office 2021, and later versions.
This flaw allows attackers to bypass security features meant to stop harmful Object Linking and Embedding (OLE) controls. OLE is an older Microsoft technology that can be used to embed links or content, but it has often been exploited by malware.
By exploiting this flaw, attackers can create specially designed Office documents.
When a user opens these documents, they can run malicious code or gain further access to the system.
Exploitation requires user interaction, meaning attackers often trick people into opening harmful Word, Excel, or other Office documents. Common methods include using email attachments or files from untrusted sources.
Because Microsoft confirmed that the vulnerability is being actively exploited, they have made emergency security updates available outside their usual schedule. Users and organisations should:
- Install the latest Microsoft Office security updates for all affected versions.
- Restart Office applications for Office 2021 and later to ensure that the updates take effect.
- Use registry-based settings for protection if updates can’t be applied right away.
- Follow good cybersecurity practices, like using endpoint protection and filtering emails.
Microsoft’s updates for Office 2021 and newer versions are automatically applied, but need a restart of the applications to be active.
E-Business
NDPC Investigates over 1,000 Schools over Data Privacy Compliance

Nigeria Data Protection Commission (NDPC) has commenced an investigation into over 1,000 education institutions across the country over compliance with the Nigeria Data Protection Act (NDP Act), 2023.

The move affects federal, state and private universities, polytechnics, colleges of education and technical colleges, marking one of the largest sector-wide compliance checks since the enactment of the law.
In a public notice issued on Thursday by Babatunde Bamigboye, head, Legal, Enforcement and Regulation, the Commission said the probe forms part of its ongoing sector-by-sector enforcement drive aimed at safeguarding the fundamental rights and freedoms of data subjects, as well as strengthening the legal foundation of Nigeria’s digital economy through the trusted use of personal data.
The NDPC directed the affected institutions to submit, within 21 days, evidence of filing their 2024 Data Protection Compliance Audit Returns, proof of designation or appointment of a Data Protection Officer including relevant contact details and a summary of technical and organisational measures adopted to protect personal data within their establishments.
It also requested evidence of registration as a Data Controller or Processor of Major Importance as required by law.
The Commission warned that failure to comply with the notice may result in the issuance of enforcement orders, imposition of administrative fines and possible criminal prosecution in accordance with the provisions of the NDP Act, 2023.
It stressed that compliance is mandatory and not optional for institutions that process large volumes of personal data
The education sector remains one of the biggest handlers of sensitive personal information in the country, including students’ academic records, admission details, biometric data, financial information and staff records.
With increasing digitalisation of admissions, online learning platforms and electronic documentation systems, concerns over data breaches and weak privacy safeguards have grown in recent years.
The Commission maintained that the investigation is in line with its statutory mandate under relevant sections of the Act empowering it to monitor, investigate and enforce compliance across sectors.
E-Business
Chams Carves Out Subsidiary to Support Africa’s Digital Transformation

Chams Holding Company Plc, (Chams Holdco), digital payments and verification firm, has created a new subsidiary which is expected to strengthen the push for Africa’s digital transformation.

The creation of the new subsidiary, ChamsCorp Plc, which took effect from February 1, was made known in a filing to the Nigerian Exchange Limited , according to an announcement.
Chams said that the new subsidiary, which is its 5th, will give a new dimension to its more than 40 years of work in building the digital ecosystem not only in Nigeria, but across the continent and the rest of the world.
The newly created company will focus on three major aspects, namely the manufacturing of digital devices and development of digital infrastructure and services; data center design, construction and operations, and the development and implementation of AI infrastructure and intelligent systems.
It will also contribute to its parent company’s digital ID, digital verification, and trust services offering.
“For nearly four decades, we’ve enabled trust in transactions and identity. Now, we go furthe”
Chams is expanding into AI, data centre infrastructure, and intelligent systems, building the backbone for Africa’s digital transformation,” the company wrote in a LinkedIn post.
“We are not just participating in the future. We are engineering it,” the message added.
According to the Chams announcement, a decision of its Board of Directors appointed members of the pioneer board of ChamsCorp Plc, with renowned banker Mohammed Bashir Yunusa designated as Chairman.
He is described as a well-known finance expert who specializes in deal structuring, corporate and retail finance, business strategy, digital transformation, and Islamic Finance and Banking.
With more than 10 years of experience in the financial services industry, Yunusa currently serves as head of Consumer and Digital Banking for Non-Interest Banking Retail at Sterling Bank Nigeria, and will also serve as a non-executive director on the board.
“Chamscorp is designed to take our most ambitious ideas to market at speed and scale. As Africa’s digital economy evolves, we are focused on delivering transformative solutions that empower governments, businesses, and citizens alike,” Femi Oyenuga, CEO, Chams, commented on the development.
Chams has over the years played a major role in contributing to Nigeria’s digital ID ecosystem development to facilitate access to financial services.
In 2023, the company Group Chairman publicly stated that in providing such digital services to the Nigerian government, it had incurred debts estimated at $100 million and were planning to change their business model as a result.
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