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Nigeria Ripe but Not Ready for Cashless Transactions – Awe

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Jide Awe is the chief executive officer of Jidaw Systems, a training, certification and career development company focused on fundamentals for building IT careers. Awe is also chairman, Publicity Committee of the Nigeria Computer Society (NCS). He has had over two decades experience in ICT and business management. Awe consults for both corporate and government clients and provides ICT content through various online, print and electronic media. He spoke to funmi ilesanmi on industry issues as well as the forthcoming 24th Annual Conference of the Nigeria Computer Society (NCS).

Jidaw Systems
Jidaw Systems is into training, consulting and web content provision. Basically, we are into human capital development in the IT industry. We develop people to get the skills that are necessary to grow the IT industry and also providing contents on the internet with a lot of things going on relating to IT for development while at the same time we also provide consultancy services to assist organizations and people that need to improve their performances through IT. Another area is development advisory, we advise countries and organizations that want to use IT to develop their skills, we advice them on how to go about it.
We also train secondary school students because we believe that these things should actually start from the schools. It is not something you should wait until you graduate from higher institution before you start acquiring the skills. A lot of pioneers in IT that created a lot of change were very young people. We tap into the creativity and energy of the young people and show them that this is something that can actually transform the world. Through this you can make money for yourself and also make an impact in the world. We are looking at young people but there is no real restriction. It is a question of desire and interest but the focus mainly is on young people.

Training Women and Girls in ICT
Look at the population, we have been into trainings for sometime and we have seen in seminars and training programmes that women do not attend as much as men. So we did our studies and found out that it is a general thing and we also understood why. We try to say some of these perceptions if we do not do anything about them, we will have a situation in which 50 per cent of the population might be excluded from what is going on technology wise. The argument we try to bring in is that those set of people you excluded, technology is actually harming them if they do not use it. We need to be entrepreneurs and leaders in technology, we should not just be consumers and so 50 per cent of the populace not being actively involved in technology means you are loosing them because there is prejudice and that is where we said there was a need to intervene in that area. It is not a question of men are better than women, it is a need. It is not a men’s affair alone because it is a profitable career for both men and women.

Dearth of ICT Manpower
I do not think on the whole Nigeria is doing enough to encourage development of manpower. A lot of things that are being done are private initiatives, so we still need to have a very proactive strategy and interventions because anything you want to grow, you have to actually make extra efforts in pushing it. I do not think we are doing that, everybody is just pushing their own private initiatives. Private initiatives depend on resources available to you, your ability to market and things like strategic ways of repositioning yourself not that government itself will actually put in money but there is a way it can facilitate things to make it easier. For example, making training courses cheaper and more available for students. Training providers are entrepreneurs, they are going to do what is profitable for them in the environment so if the environment is better, of course they too will respond.

Job Search
We do human capacity development training and we feel that part of what we needed to connect with training and development was to imbibe the skills. We have training in entrepreneurial and other job search skills. Apart from that, we started an initiative which I see a lot of people doing now, where we actually post jobs online. We get jobs from people who come for consultancy and from other sources, people have been trained in this programme and they are looking for people to employ. The initiative is to help solve part of our employment problem using the online environment. This is connected to seeing how we can use IT to create jobs.

Jidaw’s Annual Software Development Capacity Building
Essentially we do the software training on annual basis to promote software development though we are not known for software development, we have identified that software development is at the core of all IT innovations. Anything new coming through information technology is software driven. It is an area in which we can tap into the creative abilities of young people that are actually being wasted. A lot of young people focus more on things like entertainment and sports but we are saying that those young people can use their ideas and their energy in the area of software development because it is an area that offers so many opportunities both to the country in terms of employment and also for foreign exchange earnings. The start up is not really as high as in other businesses. It is an initiative of ours that we do annually to sensitize people and create awareness on the importance of software development.

Assessment of Software Development in Nigeria
I think there need for re-orientation and a change in how we do things. A lot of organisations invest more in foreign software. There still has to be something in the environment that will encourage people to patronize their own and to develop the quality because you cannot keep on giving the excuse that foreign software have better quality than local software, when are your local people going to meet up? In the knowledge economy, it is those high value areas that will give you sustainable development, not the consumption. A lot of what we do here especially when we are buying software is that we are consuming at the expense of developing our local industry. Software development is one of those critical areas that we can tap into. If we can tap into it, it will actually transform our economy.

Software Piracy
Piracy is a double edged sword in the sense that what makes piracy thrive is that we do not have the controls and at times we also look at it from the point that what are the kind of things we are focusing on. Piracy has a lot to do with proprietary software and we are not really doing enough to develop other types of software especially the open source which is not affected by piracy. When you do that and you do not have a strategic plan, you look at the kind of environment. This kind of software because of this population let us sell it at this rate. You have earning power and the ability to pirate is huge. Can you police piracy? Why it is blossoming is because it is available and affordable for a lot of people. Once you can block those areas and create an environment where it is not affordable, where it is not available, you bring down your own prices too. It is not a good thing. Someone took his time to write these programmes, it is intellectual property and someone without doing anything steals it and starts making money from it. We cannot just complain about it, we have to change the environment by doing something about it

Policing Consumers
Part of what we are looking at is that can some of these software providers actually look at the mass market in Nigerian and bring down their prices to have an available pricing for Nigerians so that by the time you compare their prices with the pirated version, you do not see why you should get the pirated version that might be infected by virus with no support base after purchase. That is part of what I mean by policing it and when you discover that piracy is going on, what actions do you take? You cannot go everywhere, that means you have to target particular places and heavy consumers of pirated products. Piracy is not good but its impact is more on heavy users.

Encouraging Nigerians to Transact Businesses Online
Buying online is cheaper. If you are in Ikeja, you do not need to go to Victoria Island to make a purchase. You can view what you need online and also order it online. We need to emphasize more on the security and threats to building more confidence. Building confidence aligns with what we are doing about cyber security. This is one of the things we are trying to push through the Nigerian Computer Society (NCS) to ensure that the Cyber Security Bill is passed. There is no legislation. Electronic transactions that are fraudulent can be traced and either merchants or consumers that are using the electronic environment fraudulently should be punished. Once people start seeing that it is effective, they will start using it. Assuming you are a merchant, you should give users the confidence and an environment of safety while they are using your portal or using your online shop. That is what I advice merchants to do. Generally the society itself needs legislations to back up some of these things and enforcement as well. It is not just a question of the laws being in place with no one to enforce it. The law must be enforced. It is not the IT professionals that will do that. The law enforcement agency doing the enforcement must also understand what it is enforcing because it is not physical security.
 
Cashless Policy
Nigeria is ripe but not ready for cashless transactions. You can never wait until you are ready because if you are going to wait until you are ready; you will keep on waiting and by the time you are ready, others would have moved on to another phase. It is something that is available now but definitely there are issues and rather than run from those issues we can confront those issues and deal with them properly. One is the issue of telecom infrastructure, issue of failure in connectivity. We have to address those issues but when are we going to address those issues if we do not address them now? How we can make it practical for users. You have to make it attractive and make users confident in it and feel that it is superior and make it more profitable for people.

Upcoming NCS 24th Annual Conference
The conference is called Cashless 2012 and it was agreed upon by the national executives of the NCS that one of the most critical issues facing Nigeria now is how we can use IT to drive development and our focus this year is the financial sector. The financial sector based on this cashless policy is heavily dependent on technology and as a responsible professional stakeholders association; we feel that we should raise the issues. It is not just for bankers, finance houses and people to discuss. What are the technical issues, what can provide the backbone for the national infrastructure. If there is no technology, there can be no cashless society. The Nigerian Communications Commission executive vice chairman will be there and he is going to tell us what NCC is doing to make sure that quality of service improves, the quality of telecom infrastructure improves because it is also the backbone of going cashless. We have people that are going to talk on security because some of the benefits of using IT is convenience, ease of use, speed at less cost but there are also associated threats. What are the responsibilities of we as IT professionals in the area of security, what are the responsibilities to make sure people are secured as they go cashless. It is not about pushing technology on people, how do you change the culture of people for them to be carried along.
We are also looking at the postal sector. That means the postal sector, not just Nipost must also be connected to the delivery of the service. We are looking at the implications of the postal sector on e-business so that at the end if the day, it is truly effective and those technology practitioners play their parts as well because we are the real backbone of cashless and that is why we are championing it.


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Haleon Introduces New Corporate Identity in Nigeria

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Haleon, a global consumer health company with a purpose to deliver better everyday health, is introducing its corporate identity across Nigeria in a phased transition. Trusted brands such as Panadol, Sensodyne, Macleans, Otrivin, Voltaren, Cac 1000 and Andrews Liver Salts remain unchanged in formulation, quality, and effectiveness.

Following the formal demerger from GSK, Haleon was launched on July 18, 2022, as an independent company 100% focused on consumer health. Haleon is the new home for brands like Sensodyne, Panadol, Centrum and others, trusted by millions worldwide for their proven effectiveness in improving everyday health.

From relieving tooth sensitivity or pain to providing essential vitamins and nutrients, our products are designed to fulfil Haleon’s purpose: to deliver better everyday health with humanity.

This revised corporate identity is a branding change only and does not affect the safety, quality, or efficacy of the products. Haleon is sharing this update as part of its commitment to transparency and consumer confidence, helping consumers continue to choose the brands they know and trust.

Haleon’s collaboration with Fidson Healthcare forms part of this approach, reinforcing the value of local production in supporting trusted everyday health brands in Nigeria.

Panadol Extra 100s and Panadol Pain & Fever 100s are currently being produced and supplied to the market under the Haleon identity. Sensodyne Rapid Action will bear the Haleon corporate identity from mid-June, followed by Andrews Liver Salts later this year.

In due course, additional brands—including Otrivin, Voltaren, Cac 1000, Macleans, and the wider Sensodyne portfolio—will also transition to the Haleon identity.

Haleon remains committed to ensuring consumers can continue to access the same high-quality brands at pharmacies, supermarkets and other retail outlets across Nigeria.

“As Haleon introduces its identity in Nigeria, we want consumers to feel informed and reassured. The trusted products they rely on remain the same in quality, formulation and effectiveness.

“At the same time, our local production approach in partnership with Fidson Healthcare supports reliable access to high-quality everyday health products in Nigeria,” said Himanshu Raj, Haleon General Manager for Sub-Saharan Africa.

 


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Elon Musk Makes History as the World’s First Trillionaire

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Tech entrepreneur and SpaceX founder, Elon Musk, has become the world’s first trillionaire after the successful public listing of SpaceX pushed his net worth beyond the $1 trillion mark.

Elon Musk Makes History as the World’s First Trillionaire

Elon Musk

According to multiple financial reports, Musk’s fortune surged to approximately $1.1 trillion following SpaceX’s historic stock market debut on June 12, making him the first individual in history to achieve the milestone.

The sharp increase in wealth was driven primarily by SpaceX’s initial public offering (IPO), which valued the company at more than $1.7 trillion at listing before rising above $2 trillion during its first day of trading. Musk’s holdings in SpaceX, combined with his stakes in Tesla and other ventures, significantly boosted his net worth.

Musk, 54, is also the founder or co-founder of companies including Tesla, SpaceX, Neuralink and The Boring Company. He acquired social media platform X, formerly Twitter, in a $44 billion deal and has remained one of the most influential figures in technology and business.

Financial analysts noted that Musk’s wealth now far exceeds that of any other billionaire.

Matt Durot, deputy editor at Forbes Wealth, said the gap between Musk and the world’s second-richest individual had widened significantly, with no other person currently close to the trillion-dollar threshold.

Despite the historic achievement, Musk’s vast wealth has reignited debates over global inequality and the responsibilities of ultra-wealthy individuals in addressing humanitarian challenges.

Advocacy groups have frequently pointed to issues such as hunger, disease eradication and access to education as areas where large-scale private philanthropy could make a significant impact.

In 2021, Musk publicly challenged the United Nations to provide a detailed plan showing how billions of dollars could help combat world hunger. Although a proposal was later presented, no donation followed.

Analysts note that much of Musk’s wealth remains tied to company shares rather than liquid cash, meaning his net worth can fluctuate significantly with market movements.

Nevertheless, the SpaceX IPO marks a historic moment in global finance, placing Musk in a wealth category previously considered unimaginable.

Commenting on Musk’s business achievements, Jamie Dimon, chief executive officer of JPMorgan Chase, described him as “the Edison of our time.”

Musk’s rise from co-founding internet startup Zip2 in the 1990s to becoming the world’s first trillionaire is regarded by many analysts as one of the most remarkable wealth creation stories in modern history.


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Kaspersky Warns of “Grey” Scam Websites Exploiting User Trust

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Recent research by Kaspersky has shown that the so-called “grey” websites repeatedly target all world regions, and this may be driving both financial loss and large-scale data harvesting.

Grey websites are deceptive online platforms that fall outside traditional phishing definitions but still manipulate users into voluntarily handing over money and personal data. Kaspersky’s new report provides detailed insights into the threats posed by the grey websites on global and regional levels.

Unlike classic phishing attacks, which aim to steal credentials outright, grey websites rely on persuasion, misleading interfaces, and hidden terms to exploit users. They often impersonate legitimate services such as e-commerce platforms, financial tools, AI services, or subscription-based content, making them significantly harder to detect.

Kaspersky analysis shows that the majority of suspicious resources globally fall into several recurring categories:

  • Fake browser extensions and “security tools” that actually harvest browsing data and track user activity.
  • Fraudulent financial platforms including crypto exchanges, trading tools, and investment schemes promising unrealistic returns.
  • Intermediary services (e.g., legal or real estate), charging for low-value or nonexistent services while harvesting sensitive personal data.
  • Subscription traps offering low-cost trials that convert into costly recurring payments hidden in fine print.
  • Fake online shops that either deliver counterfeit goods or nothing at all.

Example of a grey website.

A notable trend is the emergence of tools disguised as AI services or image-processing platforms, reflecting attackers’ ability to adapt to current digital trends and target younger audiences.

There are proven security solutions that help users to detect grey websites across different types of devices – those running on Windows, Linux, Android and iOS. The detection model is based on many factors, including domain name and age, IP reputation, stability of the infrastructure used, DNS configurations, HTTP security headers, digital identity and popularity of the web resource and other criteria.

Regional specifics

Regional variations in grey websites demonstrate how threat actors localise scams based on user behaviour and trending technologies.

In Europe, the threat landscape is dominated by links to suspicious browser extensions and fake “privacy-enhancing” tools.

These resources often present themselves as security solutions, promising safer browsing or anonymous search capabilities. In reality, they function as browser hijackers – intercepting traffic, collecting cookies, tracking user behaviour, and injecting advertisements.

The popularity of these threats reflects a high level of user concern around privacy and security, which attackers actively exploit. Additionally, these regions show a steady presence of phishing intermediaries and crypto-related scams, indicating a blend of technical and financially motivated attacks.

Across African markets, financial scams are the most prominent category of suspicious resources. Fraudulent trading platforms, fake brokers, and investment schemes frequently mimic legitimate financial services, often accompanied by fabricated licenses or endorsements.

These platforms typically prevent users from withdrawing funds, instead introducing additional “fees” or taxes to prolong the scam. The concentration of these threats highlights how attackers leverage growing interest in online investing while exploiting gaps in regulatory enforcement and financial literacy.

In the Middle East and North Africa region, suspicious resources frequently mimic communication (Internet telephony) tools, financial platforms, or betting services. Additionally, Ponzi-style investment schemes and crypto scams are widespread, often presented through polished interfaces that mimic legitimate platforms.

Web browser-based threats also play a significant role, with malicious extensions targeting user data and browsing activity. The regional threat profile reflects a convergence of financial fraud and technical compromise, where users risk both data exposure and monetary loss.

“Suspicious websites don’t look harmful at first glance. But they exploit trust, urgency, and familiarity, and a single click on what looks like a harmless AI image tool, a “secure” browser extension, or a heavily discounted online shop could be all it takes to lose money or expose sensitive data.

Instead of direct credential theft, attackers turn to behavioural manipulation – whether that’s subscribing, investing, or installing software,” comments Anna Larkina, Web Content and Privacy Analysis Expert at Kaspersky.

 


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