News
Nigerian Economy Attracts Investors, Terrorists – Symantec

Nigeria faces new threat from people hiding under the anonymity of the internet to wreck havoc adding to her notoriety as haven for car hijacking, armed robbery and sea piracy, a new report made available to Nigeria CommunicationsWeek revealed.
The report, 2012 global cyber vulnerability index ranked Nigeria 59 indicating that Nigeria’s rising economic profile boosted by global crude oil pricing is attracting not only foreign direct investments (FDIs), but also computer hackers who have subsequently raised the country’s internet security risk profile.
Symantec Corporation, the largest maker of security software for computers, best known for its Norton brand in its 2012 internet security threat report volume 17, ranked Nigeria in 59th position up from the previous 66th position.
The threat also means that Nigeria’s military institutions could be open to malicious malware attack by an adventurous hacker, even a disgruntled employee could breach its security protocol as seen by the recent United States Pentagon (US Defence Headquarters) leaks to wikileaks.com.
A recent case in point is the introduction of Stuxnet and Duqu, which were specifically targeted at (enemy) strategic state apparatus.
The latest of such being Flame, leading to the United Nations warning against global cyber-war.
Sheldon Hand, Symantec Territory manager, West, East, Central Africa and Indian Ocean Islands (IWECA), stated at a one-day global internet security threats workshop held in Lagos that Nigeria has gained more global attention because of its rising economic profile.
Recent World Bank Global Economic prospect report released showed GDP growth rate for Sub-Saharan Africa is projected at over 6 per cent, from a projected 5.3 per cent in 2011.
This is despite the G8 countries experiencing negative balances in their economies. The report specifically noted that Nigeria is expected to surpass the continent’s economic powerhouse, South Africa by 2015.
Boosted by this outlook, internet hackers find the Nigerian territory becoming more lucrative to exploit as investors also continue to find the market quite attractive to plough.
Elsewhere, Nigeria’s rising internet usage profile also attracts spammers to her, resulting in increase in spam activities. Currently, Nigeria has 45 million registered internet users, and with the adoption of mobile devices the figure keeps increasing by the day.
Hand listed four key global spam trends, noting that malware attacks were on the rise as much as 81 per cent, targeted attacks are expanding, mobile threats expose all users and data breaches are on the rise too.
The Symantec Territory manager stated that over 60 per cent of Nigeria’s telecommunications operators are hooked on its security, while 50 per cent of banks are also protected. “With increasing use of IT facilities across the banking and telecommunications ecosystems, more and more corporations are seeking ways to protect data either from being corrupted or stolen,” said Hand.
Worldwide 294 billion emails are sent daily, translating to 2.8 million emails every second. But astonishingly, some 50 per cent of small and medium enterprises (SMEs) lack disaster recovery plan.
According to Hand, the risk of losing critical data is more on the increase as the world get more connected devices on the internet.
There are currently one billion connected devices globally, while 1.3 billion PCs are connected to the internet.
To keep these critical data safe, Hand said Symantec has recently introduced two products: Backup Exec 2012 and NetBackUp 7.5 to take care of security needs of both SMEs and big firms.
The increasing internet data security threat to Nigeria’s economy is underlined in the fact that a single malware attack on institutions like the Nigeria National Petroleum Corporation (NNPC) or the Central Bank of Nigeria (CBN) could throw the entire economy into gloom.
Globally, Hand stated that Symantec blocked a total of over 5.5 billion malware attacks in 2011, an 81 per cent increase over 2010.
Web based attacks increased by 36 per cent with over 4,500 new attacks each day. 403 million new variants of malware were created in 2011, a 41 per cent increase of 2010. Spam volumes dropped by 13 per cent in 2011 over rates in 2010. 39 per cent of malware attacks via email used a link to a web page. Mobile vulnerabilities continued to rise with 315 discovered in 2011.
News
Francis Okafor Stuns China, Emerges Second-Place Winner @ Tencent OpenClaw Hackathon

In a striking moment of global recognition for African talent in artificial intelligence, Shenzhen-based Nigerian technologist, Francis Okafor has emerged as the second-place winner at the 2026 Tencent OpenClaw Hackathon, a fiercely contested competition hosted by Chinese tech giant Tencent.

The achievement places the Nigerian engineer among the top innovators in one of the world’s most competitive technology hubs, Shenzhen, often described as China’s Silicon Valley.
Okafor’s journey to the podium was anything but scripted. Walking into Tencent’s facility on the day of the contest, he found a room already buzzing with elite programmers deep in preparation.
“Laptops open. Heads down. Some people setting up their system before the challenges even dropped,” he recalled, contrasting the scene with his own uncertainty at that moment. “And then there is me — a Nigerian looking around like, okay Francis, what exactly are you doing here?”
Rather than confidence, his first reaction was raw nerves. “I won’t lie, I had goose bumps. Not the inspirational kind,” he admitted, describing a quiet internal debate about whether he had wandered into territory far beyond his league. Yet that hesitation quickly gave way to experimentation, a hallmark of the hackathon spirit.
Earlier that same week, Tencent had rolled out OpenClaw integration into WeChat (known domestically as Weixin), exposing its massive user base to AI agent capabilities.
Okafor, a senior technology lead, artificial intelligence advocate, and global community organiser, had already been stress-testing the system and decided, on the spot, to build his entry around it. “I had been pushing it hard all week just to see what it could do… so when the challenges dropped I thought, you know what, let me use this thing as my weapon.”
That decision proved decisive. Competing against some of the most accomplished engineers in China’s hyper-competitive tech ecosystem, Okafor’s solution stood out for both ingenuity and execution. “It went far enough apparently,” he said with understated pride after securing second place.
Remarkably, he had entered without a grand plan. “I didn’t go in with a strategy. I went in for the thrill of it… Honestly I thought I would learn a few things and go home with a good story.” Instead, he left with a trophy, and a narrative that has resonated far beyond the competition hall.
Beyond personal triumph, Okafor emphasized the broader technological significance of the moment. Tencent released the WeChat OpenClaw plugin on the very morning of the event, effectively putting advanced AI agent tools into the hands of an estimated 1.4 billion users.
In his view, this signals a profound shift in how artificial intelligence will reach the public. The company, he observed, is “not just making AI accessible to developers… they are bridging it to everyone,” while using hackathons to identify innovators capable of pushing the technology forward, regardless of origin.
Okafor was acutely aware of his uniqueness in the room. “I was definitely the only African there and for sure stood out,” he noted. Yet what mattered was not nationality but capability. “Nobody cared about where I was from. They cared about what I built.”
His message to aspiring technologists, particularly those from underrepresented regions, is both simple and powerful: show up. “Enter things you think you have no business entering,” he urged. “The worst case is you learn something. The best case is you shock yourself.”
In an industry often defined by geography, capital, and institutional advantage, Okafor’s victory offers a compelling counter-narrative. Talent, preparation, and courage can still disrupt expectations, even in rooms that seem designed for someone else.
As he concluded in a line that has since captured widespread attention: Black excellence, he said, “doesn’t need a geography.”
News
CBN Pledges Deeper Synergy with EFCC in Enugu Operations

Economic and Financial Crimes Commission (EFCC) has urged the Central Bank of Nigeria (CBN) to deepen collaboration and provide faster operational support in Enugu State.

Zonal Director of the EFCC Enugu Zonal Directorate, Commander Daniel Isei, made the call during a courtesy visit to the CBN Branch Controller in Enugu, Mr Otutubuike Justice Agbaeze, on Tuesday.
The engagement forms part of ongoing efforts to boost inter-agency ties, enhance financial sector accountability, and fortify anti-money laundering initiatives nationwide.
Isei described the CBN as “our most critical partner in the fight against economic and financial crimes,” highlighting years of joint operations and the bank’s role in securing recovered assets.
“The CBN naturally stands out as one of our most critical partners… it serves as a secure repository for valuables recovered by the EFCC and it has greatly enhanced our operations,” he stated.
While commending past cooperation, Isei appealed for quicker responses to the EFCC’s frequent investigative requests from its Enugu office.
“We understand that these requests may be demanding, but timely responses are crucial, as time is of the essence in financial investigations. We therefore seek your continued indulgence in ensuring that our letters receive expeditious attention,” he added.
In response, Agbaeze reaffirmed CBN’s dedication to the partnership, pledging expert support and improved synergy “in the interest of financial system stability and national development.”
News
Firm Shares Tips for Updating Your Digital Habits for an AI-driven World

As smart devices with artificial intelligence (AI) tools, and always-on services become part of everyday life, the cybersecurity habits many people formed a few years ago may no longer be enough.

From AI-powered scams to social media trends that encourage users to upload personal details, the way people interact online is changing quickly. Ensuring that you stay secure now requires small, deliberate actions in your daily digital behaviour. Experts from Kaspersky, a global cybersecurity and digital privacy company, share the below advice to stay safe online.
- Be cautious with verification requests. Many scams now mimic legitimate verification processes, asking users to confirm accounts, update payment details, or approve login attempts. Because people are used to frequent security prompts, it is easy to respond automatically. Pause before sharing verification codes or personal information and independently verify requests through official websites or by contacting service providers directly.
- Cultivate healthy AI usage habits. AI agents, chatbots and multimedia-generating apps can be convenient and entertaining, but uploading high-resolution photos or personal information carries privacy implications. Facial images can function as biometric identifiers, and once shared with an online service, be it AI or a social network, control over how that data is stored or reused may be limited. Before using AI tools, review privacy policies, minimise the personal information they provide, and avoid uploading sensitive documents or confidential content.
- Do your homework on AI. For parents, the rise of AI assistants introduces another dimension. While AI tools can help in making education interactive and gamified, children may turn to AI tools for homework support or entertainment without fully understanding how their data is used or how to evaluate responses critically.
Open conversations about responsible AI use, privacy awareness, and the importance of not oversharing personal information can help children build safe digital habits from an early age.
- Audit your online subscriptions. Reducing digital exposure is another simple but often overlooked step. Over time, unused subscriptions, dormant accounts, and forgotten apps accumulate personal data and payment details. Regularly reviewing subscriptions, deleting unused accounts, and checking which apps have access to personal information can significantly reduce risks of this data being leaked.
- Secure your devices and home. Device longevity and smart home security also play an important role. Older devices that no longer receive security updates may contain unpatched vulnerabilities.
Ensure that smartphones, laptops, routers, and smart home devices are running the latest firmware and are protected with strong passwords and multi-factor authentication. Changing default passwords on connected devices and securing home Wi-Fi networks are essential steps in protecting both personal data and physical spaces.
As technology and AI becomes more integrated into daily life, security is less about dramatic measures and more about consistent, informed habits.
“Technology evolves quickly, and our online behaviour should keep pace,” says Brandon Muller, Technical Expert for the Middle East and Africa region at Kaspersky. “Take time to review privacy settings, app permissions, and connected third-party services, removing anything that is no longer needed. By being more deliberate about what we share, how we verify requests, and how we manage our devices, we can significantly reduce exposure to modern cyber risks while enjoying all the benefits of new technologies.”
E-Financial3 days agoCBN Directs IMTOs to Open Naira Settlement Accounts
Telecom3 days agoNigerians Lose N12.5Bn to AI-Driven Scams- PwC
General News3 days agoCourt Remands Hacker for Allegedly Stealing N3.09Bn from FCMB
Telecom3 days agoAirtel Africa, Starlink Mobile Data and Messaging Testing Take off in Kenya
E-Financial3 days agoDLM Capital Group’s AAA-Rated Sovereign Bond-Backed Composite Notes (“SBCNS”) Strengthens Investor Confidence with Successful First Principal & Interest Payment
E-Business3 days agoAU Sees AI Adoption Evolving to Boost Economic Growth in Africa
News3 days agoKaspersky, AFRIPOL Conduct Joint Cybersecurity Training for African law Enforcement
Telecom3 days agoGATEWAY Programme Opens Doors for 340,000 Nigerian Youths to Tap into $1.85trn Global Gig Economy














