E-Business
Minister Seeks Digitisation of Governance for Transparency, Cost Reduction

Dr Isa Ibrahim Pantami, minister of Communications and Digital Economy, has called on government at all levels to digitise governance processes to reduce cost, enhance efficiency and entrench transparency.

The minister made the call at the end of a four-day 8th Regular Meeting of the National Council on Communications and Digital Economy (NCCDE) held in collaboration with Imo Government in Owerri.
The News Agency of Nigeria reported that the minister was represented by Musa Istifanus, permanent secretary in the Ministry
Patanmi said that the IPPIS was initiated by the Federal Government to reduce the cost of printing payment vouchers, slips and other documents associated with payment of its numerous workforces.
He said that the decision reached at the 8th NCCDE meeting would create great impact on Nigerians in the penetration into broadband for e-learning across the nation.
The minister advised Nigerians to embrace Information Communication Technology (ICT) for effective communication and transmission of ideas.
Earlier, Istifanus had said that the Federal Government, through the ministry, had developed policies and master plan, including Broadband (2020-2025) targeted at covering 90 per cent of Nigerians, irrespective of their locations.
Speaking on the theme “Leveraging Digital Economy Policies and Strategies for Economic Recovery in a COVID-19 Era and Beyond”, he said that with ICT, people could communicate effectively with one another and do their buying and selling online.
Istifanus said that ICT had helped to break the barrier of close contact and overcome the hurdle of COVID-19 pandemic.
Sen. Yakubu Oseni, chairman, Senate Committee on ICT and Cybercrime, said ICT was pivotal to the transformation of economies and had accelerated the pace of globalisation and completely impacted on life and work in the society.
Represented by Ayoh Ogon, clerk to the Senate Committee on ICT and Cybercrime, Oseni said ICT had made the world a much safer place as the major vehicle for security surveillance and investigation.
He said that ICT had also become the key infrastructure in security and intelligence, education, banking, agriculture, health services, manufacturing, aviation, power generation, marine services, building technology and immigration services, aside others.
Oseni expressed regret that criminal elements around the world had turned the ICT revolution into a nightmare with sophisticated and severity attacks.
Oseni said that the yearly meetings of the national council, the highest advisory body to the government on policies, programmes and strategies on digital technology, had helped, in no small way, in the attainment of numerous objectives of the country in the area of technology.
He said the senate committee had been engaging in activities aimed at addressing the challenges of cybercrime.
Ikechukwu Umeh, the Imo Commissioner for Science and Technology, said the Ministry of Communication and Digital Economy was created to facilitate ICT in the transformation agenda of Nigeria in the areas of job creation, economic growth and transparency in governance.
He said it was also to solve the problems of the various aspects of the economy notably education, health, taxation, commerce and industry, agriculture, tourism, transportation, banking, infrastructure development and skills acquisition.
Umeh described communication as key to technological advancement of any developed or developing economy.
He said the state ministry of science and technology had the mandate of developing ICT infrastructure, formulating state ICT policy, automation and re-engineering of government processes and businesses.
“It has, therefore, become imperative that technology must be embraced to enable a digital state that is more efficient, effective, accessible, secure and transparent that meets and serves the needs of individuals, businesses and institutions in the country.
“We firmly believe that ICT is the enabler for e-governance at both state and federal levels to catalyse economic recovery, revenue generation, job creation, security surveillance and service delivery,” he said.
NAN reports that the participants, drawn from across the states of the federation, commended the organisers for convening the event meant to update ICT stakeholders.
They said they had received more information on ICT in the country.
A participant, Sani Mohammed with the Ministry of Tertiary Education, Science and Technology, Niger State, said they had been updated with ICT innovations from different states in the country.
He said one of the innovations was the upgrade from commercial domain name .com to top level domain .gov.ng for organisations and agencies.
“We are in the digital world, but the youth need encouragement from government in terms of capacity building and sponsorship. We commend the Federal and state governments for the efforts put in place for this programme,” he said.
Amaka Eboh, an entrepreneur from Imo, urged youths and women to embrace information technology for a better tomorrow instead of waiting for white colour jobs
E-Business
Elon Musk Seeks $134Bn from OpenAI, Microsoft for ‘Wrongful Gains’

Elon Musk, billionaire Tesla owner, has asked a United States (US) federal court to award him up to $134 billion in damages from OpenAI and Microsoft, stating that the companies earned “wrongful gains” from his early support of the artificial intelligence startup.

Elon Musk,
This is according to a court filing, reported by Reuters.
In filings ahead of a trial expected to start in April in Oakland, California, Musk stated that OpenAI benefited between $65.5 billion and $109.4 billion from his contributions when he helped co-found the organisation in 2015, and Microsoft gained between $13.3 billion and $25.1 billion through its involvement.
He has asked a United States (US) federal court to award him up to $134 billion in damages from OpenAI and Microsoft, stating that the companies earned “wrongful gains” from his early support of the artificial intelligence startup.
This is according to a court filing, reported by Reuters.
In filings ahead of a trial expected to start in April in Oakland, California, Musk stated that OpenAI benefited between $65.5 billion and $109.4 billion from his contributions when he helped co-found the organisation in 2015, and Microsoft gained between $13.3 billion and $25.1 billion through its involvement.
Musk’s legal team argues that his early financial and strategic contributions, including approximately $38 million in seed funding, the recruitment of key personnel, and assistance in connecting founders with contacts, laid the foundation for the later success of OpenAI and Microsoft’s commercial AI efforts.
“Without Elon Musk, there’d be no OpenAI. He provided the bulk of the seed funding, lent his reputation, and taught them all he knew about scaling a business. A pre-eminent expert quantified the value of that,” Musk’s lead trial lawyer Steven Molo told Reuters.
“Just as an early investor in a startup company may realise gains many orders of magnitude greater than the investor’s initial investment, the wrongful gains that OpenAI and Microsoft have earned—and which Mr Musk is now entitled to disgorge—are much larger than Mr Musk’s initial contributions,” the filing said.
Musk, who left OpenAI’s board in 2018 and now leads AI company xAI, alleges that OpenAI violated its founding non-profit mission when it restructured to include a for-profit arm tied to Microsoft’s investment and commercial strategy.
Meanwhile, OpenAI has labelled the lawsuit “baseless” and part of a “harassment campaign” by Musk, and Microsoft’s legal team has said there is no evidence the company “aided and abetted” OpenAI in any wrongdoing.
Both companies have asked the judge to limit what Musk’s expert witness may present at trial, arguing that the damages calculations are unreliable and could mislead a jury.
According to Reuters, Musk’s filing says he may pursue punitive damages and other penalties, including a possible injunction, if the jury finds the companies liable, though it did not specify what form any injunction would take.
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.
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