E-Business
LG Electronics, Ecobank Unite to Transform Homes, From Screens to Scenes with AI Smart TVs

LG Electronics Nigeria and Ecobank Nigeria have joined forces to redefine smart living for Nigerians through a groundbreaking partnership that blends cutting-edge AI technology with accessible financing solutions.

Unveiled at the LG Smart TV AI Press Conference held at Ecobank’s Victoria Island headquarters, this collaboration aims to make premium smart home experiences affordable and attainable by pairing LG’s innovative AI-powered TVs with Ecobank’s flexible Easy Monthly Installment (EMI) scheme. Together, this collaboration is removing barriers between technology and consumers, setting a new benchmark for connected living in Nigeria.
At the event, LG introduced its latest lineup of AI Smart TVs, featuring OLED, QNED, NanoCell, and UHD models powered by LG ThinQ AI. This proprietary platform learns user preferences, responds to voice commands, and seamlessly integrates with other LG smart appliances. These innovations underscore LG’s commitment to evolving beyond traditional smart devices and delivering a fully connected, intelligent home experience tailored to modern lifestyles.
To boost accessibility and affordability, LG announced this strategic partnership with Ecobank Nigeria to offer a flexible EMI payment scheme.
This initiative enables customers to own LG Smart TVs and other appliances while conveniently spreading payments over time. The partnership highlights both organizations’ shared dedication to financial inclusion and ensuring premium technology is within reach for a broader consumer base.
During the event, Mr. Choongbae Seok, General Manager, Media Entertainment Solutions, TV Division, emphasized that LG’s goal has always been to make innovation part of everyday life by integrating Artificial Intelligence across its product range.
“Our AI-powered products are designed to simplify living, enhance comfort and create a connected lifestyle for our customers. With AI at the heart of our innovation, LG continues to redefine what it means to live smart,” he said.
Speaking on the partnership, Dr. Adeola Ogunyemi, Head, Distribution Channels/Sales, Ecobank Nigeria, said, “We believe technology should be accessible to everyone, not just a select few. Our partnership with LG is a powerful step toward democratizing smart living by offering flexible payment plans that put premium AI-powered devices within reach of more Nigerians.
By combining Ecobank’s financial expertise with LG’s cutting-edge innovation, we are creating opportunities for households to embrace smarter, more connected lifestyles without the burden of upfront costs.
“This collaboration goes beyond financing; it’s about empowering Nigerians to experience the future of living today. As smart homes become the new norm, Ecobank is proud to support this transformation by providing convenient, affordable solutions that enhance quality of life.
“Together with LG, we are unlocking the potential of AI technology to deliver comfort, convenience, and connectivity to homes across Nigeria, making smart living not a luxury, but a reality.”
Beyond Smart TVs, LG showcased how its AI ecosystem extends to other categories such as washing machines, refrigerators, and air conditioners, all designed to communicate, adapt, and respond to user behavior. Together, these appliances create smart living environments that promote efficiency, convenience, and sustainability at home.
Highlighting LG’s global leadership, the company recently earned 17 awards at the inaugural IFA 2025 Innovation Awards, including the prestigious Best of IFA title. Recognized among over 1,800 companies, LG was honored across 16 categories spanning Mobility, Home Appliances, Home Entertainment, Design, and Smart Home.
The LG SIGNATURE OLED TV, the world’s first wireless transparent TV, won both Best of IFA and Best in Home Entertainment, cementing LG’s dominance in advanced television technology. Additional accolades included five Category Best awards and 11 Category Honoree recognitions, reinforcing LG’s reputation as a global innovation leader.
The LG Smart TV AI Press Conference at Ecobank HQ showcased LG’s commitment to advancing intelligent automation in Nigeria and Africa. As the Age of Automation unfolds, LG continues to pioneer innovations that transform houses into connected homes, bringing comfort, control, and creativity to everyday life.
E-Business
Nigeria Targeted with 4,622 Cyber-attacks Per Week in December 2025

In December 2025, organisations globally faced sustained cyber pressure, as the average number of cyber-attacks per organisation per week reached 2 027, a 1% increase from the previous month and a 9% increase from December 2024.

This is according to December 2025 Global Cyber Attack Statistics by Check Point Research, the threat intelligence arm of Check Point Software Technologies.
According to the statistics, Latin America was the hardest hit, with companies experiencing an average of 3 065 cyber-attacks per week, a 26% year-over-year increase.
In contrast, Africa saw a decline in attacks, with Nigeria (4 622 attacks per week) and Angola (4 002 attacks per week) being the most targeted countries on the continent.
The report’s findings highlight the evolving cyber threat landscape, with ransomware and GenAI-driven data risks posing significant challenges to companies worldwide.
Ransomware attacks jumped 60% year over year, with 945 publicly reported incidents in December. Qilin was the most active ransomware operator, responsible for 18% of publicly disclosed attacks.
“Ransomware continues to scale through industrialised operations, while unmanaged GenAI usage is creating widespread data exposure at enterprise level,” said Omer Dembinsky, data research manager at Check Point Research.
The report noted the education sector was the most targeted industry globally, with 4 349 cyber attacks per week; followed by government (2 666 attacks per week); and associations and non-profits (2 509 attacks per week).
The widespread adoption of GenAI tools has introduced new cyber security risks, with one in 27 GenAI prompts posing a high risk of sensitive data leakage.
Experts warn that companies must prioritise prevention-first security, real-time AI threat intelligence and strong governance over AI tools to mitigate these risks.
Hendrik de Bruin, head of security consulting at Check Point Software, added: “Strengthening ransomware resilience, deploying AI-powered prevention and enforcing clear GenAI governance will be critical to reducing cyber risk in the year ahead.”
E-Business
Half of Global Companies Build SOCs to Enhance Cybersecurity, with a Focus on Human Expertise

Among the primary reasons for establishing a Security Operations Center (SOC) are strengthening cybersecurity posture, enabling faster detection and response and gaining a competitive edge.

Interestingly, despite the increasing demand for automated cybersecurity solutions, businesses rely on skilled security professionals to make key decisions, as human expertise remains essential for effective security management.
A Security Operations Center (SOC) is a dedicated organisational unit responsible for continuous monitoring and safeguarding of a company’s IT infrastructure. Its core mission is to proactively detect, analyse and respond to cybersecurity threats.
To identify the main drivers, strategic priorities, and potential challenges in SOC planning and implementation, Kaspersky has conducted a comprehensive global study involving senior IT security specialists, managers and directors from companies with 500 or more employees.
All participants operate without a SOC but have plans to establish one in the near future. The study spans 16 countries across APAC, META, LATAM, Europe, and Russia, providing valuable insights into the emerging trends and best practices in SOC development worldwide.
The findings of the research reveal that 50% of companies intend to establish SOCs to strengthen their cybersecurity posture, and 45% are motivated by the need to address increasingly sophisticated and dangerous threats.
Other drivers include budget optimisation, the necessity for faster detection and response, and the expansion of software, endpoints and user devices – factors that demand more comprehensive and layered security measures.
These are cited by 41% of organisations. Additionally, 40% seek better protection of confidential information, 39% aim to meet regulatory requirements and one-third (33%) expect SOC capabilities to provide a competitive edge. Larger enterprises tend to cite each of these reasons more often, reflecting the broader operational and regulatory pressures they experience.
Continuous monitoring becomes the leading SOC requirement
Among the key functions organisations plan to delegate, 24/7 security monitoring leads at 54%. This around-the-clock vigilance enables early detection of anomalies, prevents escalation and sustains cyber resilience in real-time. This demand highlights a strategic requirement for proactive risk management, as organisations aim to defend against persistent threats that can strike at any moment.
Companies intending to fully outsource SOC operations show a stronger interest in applying “lessons learned” methodologies, whereas those developing internal SOCs focus more on access management to maintain tighter control.
Human expertise drives SOC technology choices
While SOCs use advanced technology, the choices made by organisations show that human analysts are very important. Among the solutions that organisations plan to include in SOC are – Threat Intelligence Platforms (48%), Endpoint Detection and Response (42%) and Security Information and Event Management systems (40%) – sophisticated solutions that automate data collection and reduce operational load, however, they depend heavily on skilled security professionals who provide critical context, interpret complex findings and make final decisions when guiding appropriate responses.
Other solutions chosen include Extended Detection and Response (38%), Network Detection and Response (37%) and Managed Detection and Response (33%). Large enterprises tend to adopt more technologies (5.5 per SOC on average), while smaller ones integrate fewer (3.8).
“To successfully build a SOC, companies must prioritise not only the right mix of technology but also the careful planning of processes, clear goal-setting and effective resource distribution.
“Well-defined workflows and continuous improvement are essential to ensure that human analysts can focus on critical tasks, making the SOC a proactive and adaptable component of their cybersecurity strategy,” comments Roman Nazarov, Head of SOC Consulting at Kaspersky.
E-Business
Nigerian Terra Industries Secures $11.8m for Expansion

Terra Industries, a Nigerian defence technology startup, has raised $11.75 million to expand its development of defensive systems that protect critical facilities across Africa.

The fundraising round was led by Silicon Valley venture firm 8VC, which was founded by Palantir co-founder Joe Lonsdale.
Other investors in the round include Valour Equity Partners, Lux Capital, SV Angel, and Nova Global, as well as African-focused funds Tofino Capital, Kaleo Ventures, and DFS Lab.
Terra Industries, founded in Abuja by Nathan Nwachuku and Maxwell Maduka, provides multi-domain security solutions for both air and land. Its solutions are intended to detect and respond to threats including terrorism, sabotage, and armed attacks on infrastructure.
The company’s product portfolio includes surveillance drones, ground-based robotic systems, and fixed monitoring towers deployed around sensitive locations.
Co-founder and CEO Nathan Nwachuku said the company has now fully embraced its identity as a defence-focused startup, citing the growing urgency of security challenges across Africa.
He said safeguarding critical infrastructure from terrorist threats has become unavoidable.
Nwachuku argues that protecting Africa’s infrastructure requires a different approach, one that combines local manufacturing, end-to-end system control, and software capable of independently identifying and responding to threats over large areas.
The company aims to position itself as a defence prime, similar to the role played by firms such as Anduril Industries and Palantir in the United States.
Nwachuku also disclosed that the company had earlier raised $800,000 in pre-seed funding.
With the new funding, Terra plans to increase manufacturing capacity within Africa, establish additional defence production facilities, and expand its artificial intelligence and software teams.
While software offices are planned for San Francisco and London, the company said manufacturing operations will remain on the continent.
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