E-Business
PetVini Breaking Records in Nigeria IT Innovation Space

The fact that a Nigerian is the richest black man in the world further proves that there is money to be made in Nigeria.
Also, a reasonable proof that Nigeria presents huge potential for entrepreneurs and investors stems from the abundance of successful entrepreneurs who started from scratch and built massive business empires without leaving the shores of Nigeria, like Aliko Dangote, Cletus Ibeto, Femi Otedola, Orji Uzor Kalu, and so on.
They have moved on in spite challenges, especially the slow pace of the Federal Government to galvanize the economy in supporting them.
The most affected in the lukewarm attitude of the leaders are the “middle class” entrepreneurs or innovators, whom, from all indications; the Federal Government has no plan to better their worth.
The “upper-class” entrepreneurs or innovators have, succulently, endeared themselves to the hearts of the government. They have metamorphosed to become part of government convoys during international business trips.
The “lower-class” is made of up school leavers, start ups; a focus on ICT industry with iDEA centers as case study, shows they are made up of developers who are full of ideas but lack the marketing milieu to push forward.
Thus, the Federal Government in 2013, among other steps, set up the Information Technology Developers Entrepreneurship Accelerator (IDEA) incubation centres in Lagos and Cross Rivers States.
The primary objective is to facilitate the development of the software industry in Nigeria through the provision of office space, mentoring, software development and testing tools and support grants, “to young entrepreneurs”.
So, what is left for the middle-class entrepreneurs? Apparently, they feel the blunt of inadequate security, inconsistent government policies, inability to access funds, lack of governmental support, transportation challenges and the most horrible situation of intellectual property theft.
PetVini Global Concepts Limited has, apparently joined the league of companies like Zinox Computers, Computer Warehouse Group (CWG), Omatek, Brian, just to name a handful, by genuinely and steadily unleashing innovations aimed at salvaging the Nigerian market and Nigerians from the hands of unperturbed international bigwigs.
Today, PetVini, established by Mr. Peter Asolo and the winner of Beacon of ICT Technology Innovative Company Of The Year 2012 powered by Nigeria CommunicationsWeek, recently upgraded the Nigeria’s mobile devices market and other household gadgets like tablets, two-way radios, energy saving and rechargeable bulbs, and others in the offing.
The Company has developed a number of innovations like Hot-selling GPS tracking watch phone PG66-G, Ordinary Wrist watch phone and Steel Wristwatch phones as far back as 2004.
Speaking to Nigeria CommunicationsWeek on the features of the innovations that meet needs of real-time GPS monitoring of positioning /timing positioning Tracking (SMS/GPRS/TCP/UDP), Asolo said that Hot-selling GPS tracking watch phone PG66-G, specifically, supports the mobile phone, touch screen, Camer, mp3/mp4 player; supports real-time monitoring of positioning/base station auxiliary positioning and supporting single location and continuous tracking support to achieve real-time positioning/ positioning/timing positioning.
“This is the kind of tool our security agencies need, especially in the present security challenges. For instance, this device offers real-time path tracking that can be corrected to seconds and supports GPS / SMS / PC / phone-client queries, SMS and the Internet to check the location information, Google plane and satellite maps.
“It has emergency alarm/electronic Geophones alarm/remote monitoring/lower battery alarm and records playback history contrail, SOS function. With this device you can remote monitor the locations with high sensitive microphone, can monitor the person tracked who do not disturb, real-time tracking.
Meanwhile, the ordinary wrist watch phone and steel wristwatch phones are also recommended for industrial and household usage. He added that in-spite the ruggedness of the watches, PetVini products are covered by warantes.
With its e-Governance solutions, for instance, PetVini has successfully automated the Akwa “Ibom State Judiciary System; a feat that has earned it many accolades.
“With our long list of strategic partners-MoblPay, USA, Hodi Technologies, China, iWay Africa, Nigeria, KMYChina, LiQi Intelligent Technology, China, we are ready for more exploits in 2014,” Asolo told Nigeria CommunicationsWeek.
PetVini is widely known, particularly, outside the shores of Nigeria, for various value added services (solutions) which range from interactive TV to mobile information, mobile banking, revenue generation, bulk SMS, advertisement.
They also develop, deploy and manage software applications such as: mobile payment support and deployment solutions; security and surveillance solutions; ecommerce solutions; educational portal and solutions; enterprise resource planner for hotels, hospitals, MDAS, and other organisations ; we sell and deploy IT/ICT hardware such as; Vsat equipments; networking equipments; systems units and computer parts and accessories.
E-Business
Kaspersky Reveals Malware Attacks on SMBs Disguised as AI Services Surged by Five Times in 2026

From January to April 2026, Kaspersky security solutions detected more than 33,300 attacks on small and medium-sized businesses (SMBs), in which malicious or unwanted software for PCs were disguised as popular artificial intelligence (AI) services. This number has surged by almost five times when compared to the same period in 2025.

A new Kaspersky report reveals threat analysis and mitigation strategies to help SMBs protect themselves against the evolving threat landscape.
Kaspersky experts explored the extent to which threat actors target small and medium-sized businesses with malware disguised as legitimate AI services, considering the growing popularity of such tools for the business workflow. At the beginning of 2026 the most common lures in cyberattacks involved malware posing as ChatGPT (42%), Claude (24%), and DeepSeek (20%).
Among unique malicious files detected in the SMB sector and masqueraded as AI services, Kaspersky experts observed mainly different Trojware (Trojans and Trojan-like malware), including those capable of downloading and running other malware on compromised devices.
Trojware disguises itself as harmless files to trick users into installing them. Their functionality may vary depending on the type of the malware. It may include stealing, deleting, blocking, modifying or copying users’ data, as well as other malicious capabilities. Given this, Trojware represents a highly dangerous cyberthreat to entrepreneurs and businesses.
However, in 2026 Kaspersky telemetry detected even more attacks on SMBs, in which malicious or unwanted software for PCs were disguised as messenger apps and video conferencing software: Telegram, WhatsApp, Zoom and Microsoft Teams. From January to April Kaspersky solutions blocked almost 415,000 such attacks.
The number of attacks changed marginally compared to the previous year’s figures. Thus, Kaspersky experts note that the lure of fake communication apps remains a widespread cyberthreat.
“The threat landscape is evolving with new lures constantly appearing. For example, for the first four months of this year our solutions for small and medium-sized businesses detected hundreds of attacks, in which malicious or unwanted software were disguised as OpenClaw – an AI tool that rapidly gains popularity in 2026.
Corporate employees are increasingly using various AI services and other tools in their workflows, including those that are publicly available. Thus, to be on the safe side, SMB employees – as well as all users – should exercise caution when looking for software on the Internet. Always check the correct spelling of the website and links in suspicious emails, and use robust security solutions,” says Vasily Kolesnikov, security expert at Kaspersky.
“As adversaries constantly refine their methods to exploit human error, the need for up-to-date security awareness training for businesses of all kinds and sizes is undeniable. However, the reality is that micro-organisations often struggle to allocate time and budget to regularly update their staff on the latest threats and malicious trends.
“We believe this issue can be largely addressed through solutions tailored for small businesses which deliver robust core protection while also providing accessible security education,” adds Rodion Pyanov, product manager, Kaspersky Small Office Security.
E-Business
LG Showcases AI-Powered Smart Living Innovations @ Africa Technology Expo 2026

LG Electronics has reaffirmed its commitment to advancing innovation and smart living across Africa by participating as a supporting sponsor at the Africa Technology Expo (ATE) 2026, where the company is showcasing its latest portfolio of premium consumer electronics and home appliance innovations.

The two-day expo, themed around strengthening Africa’s enterprise technology ecosystem through collaboration and innovation, has brought together industry leaders, technology innovators, multinational companies, policymakers, and entrepreneurs to explore opportunities for cross-border partnerships and digital transformation across the continent.
As one of the supporting sponsors of this year’s event, LG’s interactive exhibition booth has become a major attraction, offering visitors firsthand experience of the company’s latest AI-powered technologies designed to enhance everyday life while delivering greater comfort, convenience, energy efficiency, and connectivity.
Among the innovations on display are the latest LG QNED TV, delivering exceptional picture quality and immersive entertainment; the iconic MoodUP™️ Refrigerator, which combines intelligent cooling with customizable LED door panels; the innovative LG WashTower™️, an all-in-one premium laundry solution that maximizes space and efficiency; the energy-efficient LG ARTCOOL Air Conditioner and LG Air Tower, designed to provide smarter climate control; alongside LG’s advanced Dehumidifier and other intelligent home solutions.
Speaking on LG’s participation, Mr. H.S. ji, Managing Director, LG Electronics West Africa, said: “Africa Technology Expo provides an excellent platform to engage with innovators, businesses, and consumers who are shaping the future of technology across the continent. At LG, innovation goes beyond creating advanced products, it is about developing meaningful solutions that improve everyday life.
“Our participation reflects our commitment to supporting Africa’s digital transformation while introducing intelligent technologies that make homes and workplaces smarter, healthier, and more energy-efficient.”
The Africa Technology Expo was established to foster stronger collaboration among African businesses, emerging enterprises, and multinational organisations. During the opening ceremony, the organisers emphasized the need for deeper continental collaboration to unlock Africa’s innovation and economic potential, noting that previous editions of the expo have facilitated approximately $192 million in business deals among participating companies.
LG’s presence at the event aligns with this vision by demonstrating how cutting-edge consumer technology can support economic growth, digital inclusion, and sustainable development across Africa.
Visitors to the LG booth are participating in live product demonstrations, interactive experiences, and expert consultations, gaining valuable insights into how LG’s AI-powered ecosystem seamlessly connects home appliances and entertainment products to deliver a smarter lifestyle.
As technology continues to reshape industries and everyday living, LG remains committed to driving innovation that empowers consumers, supports enterprise growth, and contributes to Africa’s evolving digital economy.
E-Business
Want a Business Loan Without Interest? SMEDAN Launches N500m Fund

Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has secured a 12 million-dollar commitment from the South Korean Government to establish a Skills Acquisition Centre in Abuja to boost entrepreneurship and strengthen Nigeria’s Micro, Small and Medium Enterprises (MSMEs).

SMEDAN
The Director-General of SMEDAN, Mr Charles Odii, disclosed this in a statement on Sunday to commemorate the 2026 World MSME Day with the theme: “Empowering MSMEs through Innovation and Sustainable Industrial Development.”
Odii said the proposed centre would provide vocational and entrepreneurial training for thousands of young Nigerians and improve the productive capacity of small businesses across the country.
He said the agency was awaiting the allocation of land by the Federal Capital Territory Administration (FCTA) to commence the project.
According to him, SMEDAN is determined not to allow Nigeria to lose the opportunity presented by the South Korean Government’s intervention.
“We need land in the FCT to build the Skills Acquisition Centre. If the FCT Administration is unable to provide one, we will use our office premises in Idu, Abuja, because we do not want Nigeria to miss this 12 million-dollar commitment and opportunity offered by the Korean Government to support skills and vocational training,” he said.
Odii described MSMEs as the backbone of Nigeria’s economy, noting that the agency’s interventions were aimed at empowering small businesses to drive employment and economic growth.
“Small businesses are the heartbeat of Nigeria’s economy. They contribute significantly to employment generation and economic growth.
“By providing infrastructure, skills and financing, we are creating an enabling environment for them to grow, thrive and contribute meaningfully to national development,” he said.
The SMEDAN boss also announced the launch of a N500 million zero-interest Grow Fund to improve access to affordable finance for MSMEs.
He said the facility would be disbursed through cooperative societies, trade associations and business membership organisations under a revolving loan arrangement.
Odii explained that the association-based lending model was designed to improve accountability, ensure effective monitoring and guarantee that funds reached genuine entrepreneurs.
“We visited traders at the market because it is not enough to sit in offices and formulate policies without understanding the realities of the people we are meant to serve.
“We met with butchers, pepper sellers, vegetable traders, provision store owners and market leaders, and they all said one thing: they need access to affordable finance.
“That was why we immediately decided to launch the N500 million Grow Fund. We are not giving the money directly to individuals. We are giving it to associations that know their members and can monitor how the funds are used,” he said.
According to him, beneficiaries will access loans ranging from N250,000 to N500,000, depending on their business needs, without paying interest.
“The funding is meant to support and improve businesses. It should be used for working capital, workspaces, tools and other productive business needs.
“It is a revolving fund. When one beneficiary repays, another entrepreneur can access the same money. This way, the impact of the intervention continues to expand and more small businesses can benefit,” he added.
Odii said the agency planned to expand the fund through partnerships with state governments, development partners and financial institutions willing to provide matching funds.
He also disclosed that SMEDAN had commenced consultations on a new National MSME Policy, expected to be relaunched in November, to strengthen the policy framework for the sector.
He reaffirmed the agency’s commitment to supporting small businesses through skills development, access to finance and policies that would enhance their competitiveness and contribution to Nigeria’s economic development.
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