E-Business
Tranter IT Wins Best IT Support Provider Award

Fast-growing ICT company, Tranter IT Infrastructure Services Limited, has emerged as Africa’s Best IT Support Provider at the Development in Africa Merit Awards (DAMA).
Adewale Saka, Chief Operating Officer, who received the award on behalf of the company said: “This award marks another milestone for Tranter IT. It is a testament to the diligent execution of strategic initiatives geared towards providing customers access to the best-fit technology solutions.
Saka pointed out that Tranter IT remains focused on its goal to help businesses build and sustain a competitive edge through data-driven and technology-powered solutions, and to enhance the technology landscape across Sub-Saharan Africa.
In addition, Melanie Ayoola, the Executive Director, Sales, said “we will like to recognize our 250 highly trained engineers that are supporting organizations across 36 states in Nigeria. Staying true to the brand, teamwork and effective collaboration are key factors to Tranter IT’s 99.9% SLA average across client sites. We are very proud of every one of them.”
According to the award organizers, the judges’ made the final pick after analysts had spent weeks scrutinizing the performance of Tranter IT and its peers to arrive at a shortlist of three, from an initial list of six companies.
At the Technology Innovator Awards in August 2020, Tranter IT was also awarded the Best IT Infrastructure Services Provider in Nigeria.
In October 2020, during the Independence Day celebrations, Tranter IT’s Executive Chairman, Lare Ayoola, was inducted into the ICT Hall of Fame and Tranter IT was recognized as the ICT Infrastructure Company of the year at the Nigeria @ 60 Hall of Fame Awards.
Similarly, Tranter IT was recognized as the Supportive Technology Partner for SMEs across Africa at the Enterprise Ecosystem Support Conference and Awards held in December 2020.
Speaking on the multiple recognitions, Lare Ayoola, the Executive Chairman of Tranter IT, said: “Our goal is to become the foremost IT Support and ICT solutions brand in Nigeria and Africa, and that is why we are constantly building our capacity to provide relevant and unique technology solutions for individuals and businesses.
“When customers choose Tranter IT, they are choosing an industry leader that combines innovative technology and passionate determination to achieve excellence in performance and efficiency”.
He also noted that “while the year has been an unusual one, it has taken visionary leadership and the dedication of our exceptional people, working across our different entities, to deliver the successes for which we are now being recognized for.”
Under his leadership, Tranter IT birthed a subsidiary called IoT Africa Networks Limited to enable the first nationwide roll-out of Low Power Wide Area Network (LPWAN), under the license of SIGFOX France, across Nigeria.
This development has created multiple jobs and entrepreneurial opportunities in the IoT and ICT sectors. He has trained over 400 engineers to become ICT specialists since 1999. His vision is and will always be to enhance businesses and daily lives all over the world.
E-Business
Global Crypto Heists Surge to $2.1Bn in H1 2025 as Digital Assets is Weaponised

In a sobering revelation of the evolving threat landscape facing the digital asset ecosystem, blockchain intelligence firm TRM Labs has disclosed that over $2.1 billion worth of cryptocurrency was stolen in the first half of 2025 alone, spanning at least 75 high-profile hacks and exploits.
This staggering figure marks a 10 per cent surge over the previous first-half record set in 2022 and nearly eclipses the total stolen in all of 2024.
But beyond the monetary scale, the report reveals a deeper concern: a growing trend of state-sponsored cyber aggression weaponising crypto assets for strategic and geopolitical purposes.
The most devastating breach to date occurred in February when Dubai-based exchange Bybit lost $1.5 billion—the largest crypto heist in history.
TRM Labs attributes the attack to North Korean state actors, noting that the incident alone accounted for nearly 70 percent of total losses during the period and doubled the average hack size to $30 million.
“The Bybit hack redefined the threat landscape,” the report stated.
“It exemplifies how digital asset theft has transcended criminal opportunism and morphed into a tool of statecraft.”
Indeed, North Korea-linked entities were responsible for an estimated $1.6 billion of the total stolen, further entrenching Pyongyang’s status as the most prolific nation-state threat actor in the crypto sphere.
Yet the menace is diversifying. On June 18, Iranian crypto exchange Nobitex was breached for over $90 million by a group reportedly linked to Israel, Gonjeshke Darande (Predatory Sparrow).
Unusually, the stolen funds were routed to unusable vanity addresses, underscoring symbolic and political motives rather than financial gain.
TRM Labs flagged this as a “disturbing shift,” with digital asset theft increasingly deployed as a weapon in asymmetric geopolitical conflict.
The report also found that more than 80 percent of losses stemmed from infrastructure breaches, including private key theft, seed phrase leaks, and front-end compromises— attacks typically ten times costlier than other vectors.
Meanwhile, DeFi exploits such as flash loan manipulations accounted for 12 percent of losses, reflecting persistent smart contract vulnerabilities despite years of scrutiny.
As digital currencies become enmeshed in global rivalries, TRM Labs warns that conventional cybersecurity approaches are now inadequate.
“Massive breaches, often tied to nation-state operations, require a new defence paradigm,” the firm asserted, urging industrywide adoption of advanced safeguards and cross-border collaboration among regulators and law enforcement.
E-Business
CAC Launches AI-powered Business Registration Portal

Corporate Affairs Commission (CAC) has inaugurated the pilot take-off of its new Artificial Intelligence (AI)-powered registration portal.
A statement issued by the commission explained that Malam Hussaini Magaji, registrar-general of the CAC, made the announcement during the 2025 Stakeholders Forum in Port Harcourt.
According to him, “the initiative is a major milestone in Nigeria’s business facilitation drive.”
The Registrar further explained that the upgraded portal marks a complete overhaul of the Company Registration Portal (CRP), saying that it comes with advanced features designed to simplify and speed up business registration.
The new system, according to him, allows for instant name reservation approvals, likening the ease to creating an email account, and stressing that the AI-powered platform could suggest available alternatives to business names and approve them immediately.
Another innovation, he stated, is the ability to register a business using only the National Identification Number (NIN) of a director or proprietor, pointing out that there is an ambitious target of completing business registration and certificate generation within 30 minutes, subject to real-time NIN validation.
E-Business
Bitget Launches Institutional Services to Empower Fintech Innovation

Bitget has launched its institutional services in Nigeria, offering fintech companies a robust platform to build innovative solutions on top of Bitget’s suite of institutional-grade offerings.
Gracy Chen, CEO, Bitget, in a statement said, “Our goal is to empower Nigerian businesses to innovate and leverage blockchain for wealth creation opportunities, hence, the institutional services empower fintech leaders with tailored solutions, as the offerings designed to cater for the unique operational needs of institutional clients, enabling businesses to embed trading functionalities like spot and futures markets, wallet management, and more, directly into their platforms.
“The Key services include White-label Broker Services which enabled Fintech companies to deploy customized crypto exchanges using Bitget’s infrastructure while managing branding and users independently. There is also API Solutions that can make the Developers to integrate trading functionality via APIs for spot, margin, and derivatives markets, ensuring fast execution and seamless experiences for end users.”
Chen added, “The ND Broker Model provides clients with complete autonomy over user-facing platforms, offering exclusive front-end flexibility while relying on Bitget for back-end market liquidity. Clients are able to employ Protection Fund and Proof of Reserves of over $600million secured in the Bitget Protection Fund and real-time Proof of Reserves, which gives clients assurance of maximum transparency and security.”
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