E-Business
Ngige, Labour Minister Launches YUBOSS Scheme @ Yudala Zero Gravity

Senator Chris Ngige, minister of Labour and Productivity, is scheduled to officially launch YUBOSS – an entrepreneurship and wealth creation scheme set up by Yudala in partnership with foremost financial institution, Access Bank Plc. and telecommunications giants, Airtel as part of the activities at the Yudala Zero Gravity concert holding at the Sheraton Hotel, Abuja on Friday October 21st from 4pm.
YUBOSS is an entrepreneurship scheme set up by pioneer online and offline retail giants, Yudala to build a league of emerging entrepreneurs and generate creative employment for millions of Nigerians.
Members are entitled to attractive commissions and a wide range of benefits including business mentorship sessions and capacity-building workshops.
Through YUBOSS, Yudala seeks to generate creative employment for thousands of Nigerians by offering them a chance to earn mouth-watering commissions through sales of Yudala’s wide range of products.
The scheme is structured to see members rise through the ranks and ultimately become the part-owner of a Yudala franchise store when they achieve platinum status.
Interested individuals can access the YUBOSS page on the Yudala website to sign up for the scheme by filling the registration form on the page. Apart from being able to sign up on the Yudala website, intending members who have existing accounts with Yudala can migrate it to the YUBOSS by signing up after logging in.
Instructively, YUBOSS is targeted at smart Nigerians: undergraduates, post-graduate students, unemployed and under-employed individuals, housewives etc. who have the drive and ambition to earn money and be their own bosses.
Mr. Dave Ibelegbu, chief executive officer (CEO), Yudala Nigeria, who signed the contract documents on behalf of the company, had stated the massive impact YUBOSS will have in improving the lives of participants.
“I enjoin Nigerians to visit the Yudala website to sign up to YUBOSS. This is a scheme that will definitely change the lives of millions of Nigerians. There is no investment on the part of members. Exceptional performers will enjoy commissions and swift movement through the scheme to become eventual business partners of Yudala.”
On his part, Mr. Victor Etiokwu, executive Ddrector, Personal Banking at Access Bank, who represented Mr. Herbert Wigwe, group MD, disclosed that YUBOSS is a game-changer which is set to unlock prosperity for millions of Nigerians, while taking the nation’s economy to greater heights at this critical period of our national life.
“When the discussions on YUBOSS commenced between both organizations, I was excited because this is an initiative that will empower millions of Nigerian youths and by extension, contribute to the growth and development of the Nigerian economy. I am not in doubt that this scheme will be a huge success, especially considering Yudala’s nationwide network of stores, the calibre of renowned entrepreneurs driving the company and the drive and expertise exhibited by the entire team.”
Also, Mr. Segun Ogunsanya, chief executive officer/managing director, Airtel Nigeria emphasizes the strategic nature of Airtel’s partnership with Yudala, which according to him, will undoubtedly raise the profile of the YUBOSS scheme by offering members a sound telecoms network and high speed data access on 3G network.
He noted that contemporary society is increasingly reliant on information as a gateway to wealth creation – a requirement Airtel sufficiently fulfils with its broadband wireless services and high speed internet access which will go a long way in empowering YUBOSS members to achieve the ultimate target of creating wealth for themselves and being their own bosses.
Yudala Zero Gravity – a multi-city mega entertainment concert – kicked off with a Contemporary Music Concert on Sunday October 2nd at the Landmark Event Centre, Lagos and featured thrilling performances from a host of superstar artistes including Olamide, Naeto C, Sound Sultan, Humblesmith, Zoro and an eye-catching performance from fast-rising act, David Grey. In addition to a keenly contested dance competition, ace comedian Ali Baba was also hand to treat the audience to a repertoire of rib-cracking jokes from his collection.
The well-attended event had a number of dignitaries including bank CEOs, Chief Executives and captains of industries in attendance as well as a number of corporate organizations represented including Hewlett Packard, Airtel, Access Bank, Stanbic Bank, Hennessy, Kia Motors, Uber.
The event was also covered extensively by major media establishments such as MTV Base, Trace TV, among many others.
The Yudala Zero Gravity fever is set to grip the city of Abuja with a Contemporary Music Concert on October 21st and a Rock Gospel Concert on October 22nd at the Sheraton Hotel, Abuja while Enugu will rock with a Contemporary Music and Rock Gospel Concert on November 5th and 6th respectively at Michael Okpara Square.
The grand finale of Yudala Zero Gravity 2016 will feature a Rock Gospel Concert in Lagos at the Federal Palace Hotel on November 20th featuring a strong field of A-list gospel artistes.
E-Business
LG Electronics Showcases Advanced HVAC Solutions at Mega Clima Nigeria 2026

LG Electronics reaffirmed its position as a leading innovator in climate control and energy-efficient air conditioning solutions with its participation at Mega Clima Nigeria 2026, the 9th International Air Conditioning and Refrigeration Exhibition recognized as the largest HVAC+R sector show in West Africa.

Held at the Landmark Centre, Lagos, the three-day exhibition brought together global manufacturers, distributors, contractors, engineers, and industry stakeholders to explore the future of heating, ventilation, air conditioning, and refrigeration technologies across the region.
As one of the featured exhibitors at the event, LG leveraged the platform to showcase a range of advanced HVAC solutions designed to address the growing demand for smarter, more energy-efficient, and scalable cooling systems across residential, commercial, and industrial environments.
With West Africa’s HVAC sector continuing to evolve alongside rapid urbanisation, infrastructure growth, and increasing attention to sustainability, Mega Clima has become a strategic meeting point for conversations around innovation, efficiency, and climate-responsive technologies. The 2026 edition featured over 100 global brands, thousands of professional visitors, technical workshops, and networking opportunities, further positioning the exhibition as a key industry platform within the region.
Showcasing Smart Climate Solutions for Residential and Industrial Needs
At the LG exhibition booth, visitors and stakeholders engaged directly with a range of the company’s advanced HVAC technologies, including the LG Multi V.5 and Multi VS systems, both designed to deliver high-performance cooling while optimising energy consumption.
Speaking during the exhibition, Business Development Manager, LG Electronics Nigeria, Ifeoluwa Babarinsa, highlighted the adaptability and efficiency of the showcased systems, particularly their ability to support multiple indoor units while maintaining low energy consumption.
According to him, the LG Multi V.5 system is designed primarily for industrial and large-scale commercial applications, while the Multi VS system is tailored toward residential use cases, providing flexible solutions for varying environmental and operational demands.
A major highlight of the systems is their scalability, with both solutions capable of connecting to as many as 64 indoor units, offering increased operational flexibility across different building types and installation requirements.
The exhibition also featured several indoor HVAC solutions compatible with the VRF systems, including the Round Cassette, Ceiling Concealed Type Units, and Four-Way Cassette Units.
Particular attention was drawn to the Round Cassette unit, which was presented as an innovative cooling solution suitable for spaces without conventional ceiling structures. The unit also demonstrated enhanced airflow performance through its round-flow air distribution system and faster cooling capabilities.
Through live demonstrations and product engagement sessions, LG provided visitors with practical insight into how modern HVAC technologies can improve comfort, operational efficiency, and energy management across residential and commercial spaces.
Reinforcing LG’s Commitment to Energy Efficiency and Innovation
LG’s participation at Mega Clima Nigeria 2026 reflects the company’s broader commitment to delivering technologies that align with evolving consumer and industry needs, particularly in markets where energy efficiency and sustainable infrastructure are becoming increasingly important.
As conversations around environmental sustainability and smart infrastructure continue to shape the future of the HVAC industry, the exhibition provided an opportunity for LG to reinforce the role of intelligent climate solutions in supporting long-term energy optimisation and building performance.
The company’s showcased systems emphasised not only cooling performance, but also operational efficiency, adaptability, and user-focused design, qualities that continue to define LG’s approach to innovation across both consumer and commercial categories.
“This year, we showcased our inverter product range alongside advanced HVAC solutions that reflect LG’s continued commitment to innovation, energy efficiency, and smarter climate control technologies. One of the key highlights was our AI-powered VRF solution, the Multi V i, which represents the next phase of intelligent cooling systems we are introducing into the Nigerian market. As the headquarters of LG Electronics West Africa, Nigeria remains a strategic hub for us, and we remain committed to expanding access to innovative solutions that meet the evolving needs of customers and businesses across the region.”
LG’s presence at the exhibition also reflected its continued investment in engaging industry professionals, technical experts, and business stakeholders through platforms that encourage collaboration, knowledge exchange, and technological advancement within the HVAC sector.
Positioning Technology as a Driver of Smarter Living and Infrastructure
Beyond product displays, Mega Clima Nigeria 2026 created a broader conversation around the future of climate control technologies within rapidly developing urban environments. From commercial buildings and hospitality spaces to residential infrastructure, the demand for efficient and intelligent cooling systems continues to grow across the region.
By participating in one of West Africa’s most influential HVAC exhibitions, LG demonstrated its readiness to support this growth through solutions that combine advanced engineering, smart functionality, and energy-conscious performance.
The exhibition further reinforced LG’s philosophy of creating technologies that improve everyday experiences while supporting the broader goals of efficiency, sustainability, and modern living.
As the HVAC industry continues to evolve across Africa, LG remains committed to delivering solutions that not only respond to present demands, but also anticipate the future needs of businesses, homes, and infrastructure across the continent.
E-Business
Kaspersky Warns that Scammers are Exploiting World Cup 2026 Travellers

Kaspersky experts explain which online offers travellers should be cautious of when planning their trip, to avoid spoiling their experience ahead of the upcoming games.

Thousands of fans are expected to attend the World Cup 2026, and many are already handling their travel logistics, purchasing their flights and other transport tickets, booking accommodation, and arranging everything they need to reach the host cities. As interest grows, so does the number of fraudulent schemes that exploit the fact that fans are actively preparing for their upcoming journey.
In late April 2026, Kaspersky experts detected a campaign exploiting the branding of a well-known transport app, targeting users in Mexico. The interface of a fake Spanish-language website, impersonating one of the services, prompts users to enter their phone number and password in order to “claim prizes.” In reality, the attackers are mimicking a trusted brand and attempting to steal users’ credentials from those lured by the promise of a reward.
Some cybercriminals go “a level lower” and post their offers on the dark web. Kaspersky Digital Footprint Intelligence experts discovered a thread advertising such services, published on a shadow forum in March 2026.
The listings included offers for discounted airline tickets, hotel bookings, and match tickets, allegedly at 20% off the original price. These offers are designed to lure users and can be highly dangerous, ultimately resulting in victims losing both their money and any services they expected to receive.
Entrepreneurs and property owners also in the crosshairs
Cybercriminals are also targeting businesses and entrepreneurs at the intersection of the travel industry, which is also involved in the event. Given the high demand for short-term rentals during the tournament, property owners have become an attractive target for scams.
For example, a fake website was discovered requesting account credentials for a well-known platform. In this way, scammers attempt to gain access to property owner accounts, potentially resulting in unauthorised withdrawals and financial losses.
Another common scheme involves fraudsters attempting to extract money from organisations by posing as representatives of well-known airlines and offering fictitious business partnerships. In these emails, they claim to be launching new projects or business expansion initiatives and state that they are actively seeking suppliers or contractors.
If a company representative responds to such an offer, the scammers typically escalate the deception in a subsequent stage. To enhance credibility, they send forged documents for completion and signature, including supplier registration forms and non-disclosure agreements.
The ultimate objective of the fraudsters in this scheme is to induce the organisation to pay a so-called “deposit,” ostensibly required to secure a priority position in a partner selection list.
According to the claims made in the fraudulent communications, this payment would later be fully refunded once the partnership is formally established. In reality, this promise is entirely deceptive. The perpetrators simply appropriate the funds, and no reimbursement is ever made to the victim organisation.
“The travel sector, particularly when it intersects with major events, is a persistent target for a wide range of scams and fraudulent schemes. For end users, it is often difficult to distinguish at first sight between a legitimate website and a spoofed one, or between genuine marketing communications from a reputable service and scam emails.
“We therefore advise treating overly attractive offers with a high degree of caution in order to protect your personal data and financial resources,” says Anna Lazaricheva, senior spam analyst at Kaspersky.
E-Business
Meta Platforms Contributed $820m to Nigeria’s Economy in 2025 – Report

Meta’s family of platforms, including Facebook, Instagram and WhatsApp, contributed an estimated 820 million dollars in annual economic value to Nigeria in 2025, according to a new report released on Wednesday.

Meta
The report titled “Nigeria’s Digital Economy” was conducted by independent research firm, Public First, and commissioned by Meta.
It stated that 14 million Nigerian small and medium-scale enterprises (SMEs) used Meta platforms in 2025 to start, run and grow their businesses.
According to the report, the platforms contributed about two billion dollars to Nigeria’s Gross Domestic Product (GDP) while generating an estimated 640 million dollars in productivity gains through instant messaging services.
The report noted that 81 per cent of Nigerian businesses surveyed said Meta platforms had helped them expand their customer base beyond their local areas.
It added that the digital tools had reduced customer acquisition costs and enabled businesses in different parts of the country to access wider markets.
The report also highlighted the growing role of artificial intelligence (AI) in Nigeria’s economy, projecting that AI could contribute 22 billion dollars to the country’s GDP by 2035 under favourable conditions.
It stated that 87 per cent of online Nigerians surveyed believed AI products developed within Africa would play an important role in the continent’s economic growth.
Speaking on the findings, Meta’s Director of Public Policy for Sub-Saharan Africa, Balkissa Ide Siddo, described Nigeria as one of the world’s most entrepreneurial and digitally engaged markets.
According to her, Meta platforms are helping to remove traditional barriers to business growth and enabling entrepreneurs to access broader economic opportunities.
“From a tailor in Lagos reaching customers across the country through Instagram, to a small business owner in Kano taking orders on WhatsApp, to a creator in Abuja building a global audience on Facebook, Meta’s platforms are unlocking real economic opportunity,” she said.
Siddo noted that WhatsApp had become a major gateway for AI adoption in Nigeria and across Sub-Saharan Africa.
She added that 93 per cent of Meta AI prompts in the region were made through WhatsApp, indicating that many users were engaging with AI technologies through platforms they already use daily.
The report further stated that 93 per cent of online Nigerian adults surveyed said they felt more connected to wider communities through Meta’s applications.
Also speaking, Alison Neyle, Director at Public First, said the findings reflected the increasing role of digital platforms in supporting entrepreneurship and participation in Nigeria’s growing digital economy.
“Nigeria’s digital transformation is creating new opportunities for businesses, creators and consumers alike.
“With the right combination of infrastructure, platform access and open-source AI, the upside for Nigeria is significant,” Neyle said.
The report projected that Meta’s contribution to Nigeria’s economy could rise to two billion dollars annually as digital adoption deepens and internet access improves across the country.
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