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E-Business

MainOne Identifies with Microsoft on Imagine Cup 2013

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Main One Cable Company, has reiterated its commitment to the development of innovative, and locally developed software with its partnership of the Microsoft Imagine Cup competition, a premier student technology challenge, where student innovators from all over the world, compete to produce various ground-breaking app ideas, and implement from concept to marketplace with Microsoft resources.

Imagine Cup, as part of Microsoft’s YouthSparkinitiative, it is a way for young entrepreneurs, innovators and developers to have the opportunity to develop an idea, create a product, set a clear business plan and eventually take their product to market.

All Imagine Cup Worldwide Finalist teams are eligible to apply for Imagine Cup Grants, a three year $3-million investment by Microsoft to help students turn their ideas into reality.

Microsoft BizSpark, another YouthSpark initiative, enables Imagine Cup participants to launch startup businesses in their communities and across the web.

As part of the sponsorship, Main One was the sole bandwidth sponsor, providing 20MEG broadband capacity to the event for live-streaming.

The National finals of the competition, and the Stakeholders’ Forum, which held at a prestigious location in Victoria Island, had in attendance over 80 students with participants competing for a place in the worldwide finals, previously hosted in Spain, Brazil, Japan, India, Korea, France, Egypt, Poland, USA and Australia, now to be held in St. Petersburg, Russia from July 8 to 11, 2013.

In total, 12 teams from Nigeria competed during a challenging day of presentations, which brought together students from universities across the country with Team Life Saver emerging winner.

Members of the team interestingly, cut across two of Nigeria’s foremost tertiary institutions, Obafemi Awolowo University and Ladoke Akintola University of Technology. They competed in the category of World Citizenship.

Their solution titled CardioLife is designed to tackle heart attack by monitoring heart reading on the fly via the Microsoft Windows Phone. The solution also provides a rehabilitation programme for stroke patients using Kinect sensor.

The team will go on to represent Nigeria at the global finals where the lucky winner stands the opportunity to win a whopping prize of $300,000.

Speaking at the event, Mrs. Jumoke Akande, head, Marketing, Main One Cable Company, said: “New technologies are rapidly changing businesses, socio-political landscapes and the lives of consumers in Nigeria, Africa as a whole, and other parts of the world, and the speed of adoption is inspiring. Main One has consistently recognized the opportunities software development, especially indigenous, will play in this critical phase of Nigeria’s human development, and supported the equipping of young people with necessary technology competencies, to put the future of our nation in their hands”.

Also speaking, Yinka Oni, national technology officer, Microsoft Anglophone West Africa, “Each team that competed in the regional finals is deserving of the highest recognition for the creativity and imagination applied to some of the world’s biggest challenges.

“We’re proud to honour these young students who we believe truly exemplify the spirit of the Imagine Cup competition, and we’ll be cheering Team Life Saver on as they compete on the world stage in St Petersburg”.

Oni continued, “Imagine Cup is also directly aligned with the Microsoft 4AfrikaInitiative that was launched earlier this year as it drives access to technology, innovation and world-class skills. We believe deeply that technology can accelerate growth for Africa, and Africa can also accelerate technology for the world, and we are honoured to engage with these young people to help bring their innovative ideas to fruition.”

More than 1.65 million students across the globe have participated in Imagine Cup during the past decade, creating applications and games that address the world’s toughest social problems. The 2013 competition builds on the core elements that have been most popular with students in the past 10 years – social impact and gaming – while expanding the competition’s focus on innovation and entrepreneurship. The 11th Imagine Cup Worldwide Finals are taking place in St Petersburg, Russia in July 2013.


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E-Business

NITDA, CISCO Empower Youth with Digital Skills

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Fifty selected young unemployed Nigerians have completed a four-week intensive digital skills bootcamp under the Digital Literacy for All (DL4ALL) initiative, gaining practical training in Data Science, Artificial Intelligence (AI), and IT Essentials.

The programme, a collaborative effort between the National Information Technology Development Agency (NITDA) and Cisco, was hosted at NITDA’s South West Zonal Office in Victoria Island, Lagos.

Speaking on behalf of the Director General of NITDA, Kashifu Inuwa , the Head of the South West Zonal Office, Mrs. Chioma Okee-Agugwo, described the initiative as a vital component of Nigeria’s digital future. “This is not just a closing ceremony. It is the launchpad for new journeys—anchored in digital knowledge and powered by innovation,” she remarked.

According to the Director General, the initiative is rooted in NITDA’s Strategic Roadmap and Action Plan (SRAP 2.0) and reflects key focus areas including Digital Literacy, Emerging Technologies, and Youth Empowerment. It also aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which seeks to accelerate economic diversification through digitisation, innovation, and skills development.

Inuwa noted that the DL4ALL initiative forms part of Nigeria’s broader commitment to digital inclusion—ensuring that no one is left behind in the evolving digital economy. It also supports the ambitious goal of achieving 70% digital literacy by 2027, championed by the Honourable Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani. This national vision aims to equip millions of Nigerians with the skills required to thrive in a tech-driven world.

He further emphasized the importance of empowering youth with globally relevant skills. “They are no longer just consumers of technology. They are creators, innovators, and future employers,” he said.

The NITDA boss explained that throughout the bootcamp, participants engaged in hands-on learning experiences designed to build both technical proficiency and digital leadership capabilities.

“This is only the beginning,” he stated. “Through our zonal strategy, we are bringing innovation closer to local communities. This is how we democratise access and unlock Nigeria’s full digital potential.”

Inuwa expressed appreciation to Cisco for delivering high-impact training and called on stakeholders to continue investing in partnerships, people, and platforms that drive digital inclusion.

He asserted that the newly certified participants are now equipped to contribute meaningfully to Nigeria’s digital economy—armed with the skills to build solutions, secure infrastructure, and launch tech ventures that solve real-world problems.

At the end of the bootcamp, participants demonstrated their knowledge through impressive presentations that showcased the integration of skills acquired across Data Science, AI, and IT Essentials. Many spoke passionately about how the programme had expanded their technical competence and sparked a drive to create job opportunities—not only for themselves but also for others—as entrepreneurs and digital solution providers in their communities.


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Cyberattack Could Cost it Up to $400m – Coinbase

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Coinbase forecast a hit of between $180m and $400m from a cyberattack that breached account data of a “small subset” of its customers, the crypto exchange said in a regulatory filing on Thursday.

Cyberattack Could Cost it Up to $400m - Coinbase

The company received an anonymous email on May 11, claiming to have information about certain customer accounts as well as internal documents.

While some data — including names, addresses and emails — was stolen, the hackers did not get access to login credentials or passwords, Coinbase said.

Still, it will reimburse customers who were tricked into sending funds to the attackers.

Hackers had paid multiple contractors and employees working in support roles outside the US to collect information.

The company has fired those involved, it said.

Separately, the New York Times reported that the US Securities and Exchange Commission (SEC) was investigating whether the company had misstated its user numbers.

Coinbase shares extended losses after the report and were last down 6.5%.

“This is a hold-over investigation from the prior administration about a metric we stopped reporting two-and-a-half years ago, which was fully disclosed to the public,” said Paul Grewal, Coinbase’s chief legal officer.

“While we strongly believe this investigation should not continue, we remain committed to working with the SEC to bring this matter to a close.”

The SEC declined to comment.

The latest developments come days before the company is set to join the benchmark S&P 500 index, casting a shadow over what was expected to be a landmark moment for the crypto industry.

Security remains a challenge for the crypto industry despite its growing mainstream acceptance.

In February, Bybit disclosed a hack in which about $1.5bn worth of digital tokens were stolen — widely described the biggest crypto heist ever.

“The cyberattack may push the industry to adopt stricter employee vetting and introduce some reputational risks,” said Bo Pei, an analyst at US Tiger Securities.

Funds stolen by hacking crypto platforms amounted to $2.2bn in 2024, according to a report from Chainalysis, a US-based blockchain analysis firm.

“As our nascent industry grows rapidly, it draws the eye of bad actors, who are becoming increasingly sophisticated in the scope of their attacks,” said Nick Jones, founder of crypto firm Zumo.

Coinbase has refused to pay a ransom of $20m demanded by the attackers and is working with law enforcement agencies. Instead it has established a $20m reward for information on the hackers.

The company is also opening a new support hub in the US and taking other measures to prevent such cyberattacks, it said.

 

 

 


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Q1 2025 .ng Domain Name Statistics Reflect Nigeria’s Advancing Digital Landscape

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The Nigeria Internet Registration Association (NiRA) presents its report on .ng domain name registration and renewal statistics for the first quarter of 2025, highlighting the continued expansion of Nigeria’s digital footprint. The data underscores a consistent and significant adoption of the nation’s Country Code Top-Level Domain (ccTLD), reinforcing its pivotal role in the burgeoning Nigerian digital economy.

During the period spanning January to March 2025, a total of 40,791 .ng domain names were recorded. This figure comprises 22,236 new registrations and 18,555 renewals, indicating a healthy balance between the acquisition of new digital identities and the sustained commitment of existing domain name holders to their online presence.

Analysis of the registration trends within the quarter reveals a notable upward trajectory, with a 13.92% increase in domain name registrations observed between February and March 2025.

This growth signifies an increasing recognition of the importance of a localized online identity by a diverse range of stakeholders, including individuals, startups, Small and Medium-sized Enterprises (SMEs), and larger organizations.

Notably, the .com.ng extension continues to be the dominant choice, accounting for over 60% of both new registrations and renewals. This reaffirms its status as the preferred domain name extension for Nigerian businesses seeking to establish a credible and locally relevant online brand presence while maintaining global accessibility. The sustained popularity of .com.ng underscores its perceived value among Nigerian entrepreneurs and enterprises seeking to secure their digital real estate.

This upward trajectory isn’t happening by chance. The Nigeria Internet Registration Association (NiRA) has remained intentional in its drive for digital inclusion and domain adoption. Through public education, training via the .ng Academy, outreach campaigns, and partnerships with stakeholders across the tech ecosystem, NiRA has consistently advocated for the importance of owning a local domain.  The current standing of .ng as the second most registered ccTLD in Africa reflects the efficacy of these efforts.

Digital adoption in Nigeria is no longer just about being online—it’s about owning your digital identity. And with a .ng domain, Nigerians are better positioned to assert that identity, connect with local and international audiences, and gain better control over their digital footprints.

As we look toward the rest of 2025, the Q1 results serve as a strong signal: more people are embracing the digital future, and the .ng domain is increasingly becoming their first step.


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