E-Business
Using Blockchain To Re-Tool Nigeria’s Economy, By Chimezie

Africa is home to 16.3 percent of humanity but home to less than one percent of the world’s billion-dollar companies and only about four percent of global GDP. Africa cannot afford, nor does it have to miss the possibilities of the fourth Industrial Revolution (4RI) to better her lot.
Blockchain, one of the most disruptive technologies of the 4IR is a type of distributed ledger technology best known as the architecture that underpins cryptocurrencies like bitcoin, but its potential applications go much further. Indeed, it promises to revolutionize the business and financial environment by reinventing processes, improving productivity and quality, reducing costs, and enhancing transparency.
According to Chuta Chimezie, coordinator Blockchain Nigeria User Group, combining blockchain with other technologies such as analytics and machine learning could make it even more powerful. He said that the profound changes the technology can deliver in unlocking value apply as much to the financial services industry as any other – and as much to the Nigeria as anywhere else in the world. Therefor, understanding blockchain’s potential is vital to banks, entrepreneurs, businesses and government agencies at different tiers across the country.
He stated that decentralized economics is already opening the door to a global, equitable “econosphere” enhancing the common man’s equality of opportunity to lift himself out of the poverty trap of debt bondage. For the first time in human history, mankind’s ingenuity and technological advancements have created the environment for the freedom to transact with hard money, sound money, ideal money, even pure money.
He said Nigeria’s most valuable asset is not its crude oil reserves, adding that its the 200million citizens, and their natural labour, harnessed equitably through DLT, which can collectively produce a powerful economic force, raising the GDP of the nation 10times without any external foreign intervention or investment.
Every Nigerian person has the right to be informed of this “fourth industrial revolution”, and take their rightful economic place.
He posited that the upcoming Blockchain, AI and Digital Assets conference in Lagos will highlight the new global emerging phenomenon of decentralized money, transacting, finance, investment, which will be accessible to the common man and oligarchs in equal measure. Decentralized economics is already opening the door to a global, equitable “econosphere”enhancing the common man’s equality of opportunity to lift himself out of the poverty trap of debt bondage.
According to him, at the event scheduled to hold in Lagos from 24 to 25 May 2019, attendees will discover how blockchain, Artificial Intelligence (AI), IoT, big data and virtual financial assets are altering and disrupting incumbents and creating new opportunities for forwarding thinking individuals.
Chimezie said that it would be an interactive event around the technologies of the fourth industrial revolution (4IR) to provide attendees with actionable insights that can be applied immediately to accelerate progress in any chosen career path.
Dr. Isa Ali Ibrahim Pantami, Director-General/ CEO National Information Technology Development Agency (NITDA), will be guest of honor and Mr. Andrew Nevin, Chief Economist at PwC, will deliver a keynote.
Panel discussants will be Akeem Ogunseni, Senior Manager Tax Services at EY; Boye Ademola, partner, Technology Advisory & Digital Transformation lead at KPMGAdvisory Services; Wole Oyeniran, Enterprise Platforms/Systems Integration Leader, West Africa, at Deloitte Consulting; Dr. Segun Aina, Chairman Fintech Associates/ President Fintech Association of Nigeria, Shamim Khan, Director, Lex Futurus (UK) Blockchain Regtech & Law Limited, Salisu Kaka Assistant Director, Head Blockchain at NITDA, and Ian Friend, cofounder/ COO Ferrum Network, NYC, among many others.
Others are Shamim Khan, Director, Lex Futurus (UK); Olutoyin J Oloniteru MD/CEO, Spindlar Cyberlaw Centre & Chairman, CEIAfrica; Tola Joseph Fadugbagbe CEO Cryptocurrency Master Class, Lagos, Nigeria, and Dr. Shadrach Egbokwu.
Chimezie said the conference would feature a melding of the AI and Blockchain/ Virtual Financial Assets communities in Nigeria and across the world, exploring the possibilities at the intersection of these technologies.
He also stated that the conference will bring together business leaders, government and regulatory agencies, data practitioners, AI and blockchain tech pioneers who are applying artificial intelligence to solve today’s problems and creating tomorrow’s opportunities, while leveraging available tools, to create entirely new values.
E-Business
Check Point Reveals Nigeria as Second Most Targeted African Country for Cyberattacks in November

The November 2025 Global Threat Intelligence report released by Check Point Research on Tuesday, shows Nigerian organisations faced an average of 3,374 cyberattacks per week.

Making the country as one of the primary targets for cybercriminals in Africa last month, with a record of a staggering volume of digital threats despite an overall decline in attacks across the continent.
The report shows that this figure places Nigeria second among the four major African nations analysed, trailing only Angola, which topped the list with 4,251 weekly attacks per organisation.
While Africa as a whole saw a 13 percent year-on-year decrease in cyber incidents, Nigeria’s high numbers reveal a persistent vulnerability within its digital infrastructure. Kenya and South Africa followed Nigeria with 2,384 and 1,863 weekly attacks, respectively.
The report also identified government institutions and financial services as the most targeted sectors across Africa. Globally, the education and research sector remained the most frequent victim, hit by an average of 4,656 attacks per week.
A significant highlight of the report is the emerging threat posed by Generative Artificial Intelligence (GenAI). Check Point Research found that one in every 35 GenAI prompts submitted within corporate networks globally posed a high risk of sensitive data leakage.
In Nigeria and abroad, employees are increasingly using AI tools that operate outside of formal security frameworks. The report noted that 87 percent of organisations using GenAI were affected by ‘high-risk’ prompts, which often included the input of proprietary code, customer data, or internal communications into public AI models.
Ransomware continues to be a primary tool for extortion, with global incidents rising by 22 percent year-on-year. While North America remains the most targeted region for ransomware, the impact is increasingly felt in emerging markets like Nigeria.
The most active ransomware groups identified in November were Qilin, Clop, and Akira, which primarily targeted industrial manufacturing and consumer goods sectors.
E-Business
JustMarkets Launches Global Boost Contest With Gold Prizes for Traders

JustMarkets, a worldwide broker with more than 12 years of experience in the online trading realm, is launching the Boost Contest, which represents a large-scale trading activity with the purpose of motivating traders, with the most proficient traders being awarded for their exceptional performance through a number of valuable prizes. This activity will last until the 31st of January, 2026.

JustMarkets
A Competition Developed with the Goal of Providing More Opportunities for Traders Worldwide
Boost Contest competition participants will be traders with Standard, Pro, or Raw Spread accounts of the MetaTrader 4 or MetaTrader 5 platforms.
To participate, traders will only be required to have a minimum account balance of $100 with a minimum of 3 traded lots. These were the requirements set for participants. Of course, the purpose of such a competition is for every broker client to participate. At the same time, however, JustMarkets sought to encourage traders to conduct in-depth analysis, different strategies, risk, and discipline. It was with this objective that this form of competition was established.
Multiple-tier rewards system with real gold
What sets the Boost Contest apart is the Weekly Lucky Draws component, in which traders compete for real gold prizes, awarded in three levels, based on their cumulative trading volume achieved through the competition:
Tier I (more than 100 lots): 15 grams of gold (3 winners)
Tier II (50-99 lots): Gold worth 10 grams (5 winners)
Tier III (10-49 lots): 5 grams of gold (7 winners)
This competition design thus provides traders with different levels of activity with the same opportunity of benefiting from valuable rewards.
Weekly Draws to Encourage Continued Participation
Apart from the top-level prizes, the competition also includes a series of weekly prizes. Traders participating in the competition will qualify for entry into the draw if they execute a minimum of three trades per week. Five lucky traders will be awarded $200 every week.
The introduction of the Boost Contest meets JustMarkets long-term obligations in:
Engaging traders through effective rewards programs
Fostering regular and organized trading practices
Enhancing transparency and integrity within all promotion endeavors
Offering a welcoming space where traders with different skill sets can participate
This reflects the purpose of JustMarkets, which is not only to offer traders good trading terms but also opportunities that add value to the entire trading experience.
A Global Platform Built on Trust and Innovation
As a globally recognized trading platform, JustMarkets continues to invest in initiatives that elevate client experience while adhering to high operational standards. The company maintains a robust technological infrastructure, offers multilingual support, and upholds strict security principles, all foundational elements behind long-term client trust.
The Boost Contest shows JustMarkets dedication to create a convenient and transparent trading environment where everyone can reach their full investment potential by clear rules, transparent rewards, and a stable trading ecosystem.
E-Business
Microsoft Empowers 350,000 more Nigerians with AI Skills

Microsoft, in collaboration with the Federal Government of Nigeria, Data Science Nigeria, and Lagos Business School, today announced a major milestone in its AI National Skills Initiative (AINSI), with more than 350,000 Nigerians reached with AI skills through the programme. This achievement builds on Microsoft’s longstanding partnership with the government, which has delivered digital training to over 4 million people since 2021.

Microsoft
The milestone underscores Nigeria’s commitment to inclusive, technology-driven growth and reflects strong progress in preparing individuals and organisations to thrive in the digital economy.
“Nigeria cannot afford to wait,” said Abideen Yusuf, General Manager, Microsoft Nigeria and Ghana. “AI is reshaping every sector, and the countries that move fastest on skills will lead. We must equip people now, at scale and with intent, so the immense opportunity presented by AI doesn’t pass us by.”
Olayinka David-West, Dean of Lagos Business School, emphasised this point: “AI skilling is no longer optional for Nigeria’s digital future—it is the foundation of our competitiveness. At Lagos Business School, we believe that equipping leaders and citizens with AI capabilities is essential for driving inclusive growth, innovation, and national transformation.”
As it stands, a significant percentage of Nigerian graduates are still to acquire digital skills, highlighting the importance of workforce readiness. Launched in January, the second phase of the Nigeria skilling programme, under Microsoft’s AINSI, aims to reach 1 million citizens over three years, strengthening Nigeria’s AI capability and national competitiveness. AINSI is helping drive a range of different programmes designed to embed AI skills across every sector of the economy.
Empowering organisational leaders
Over the past year, AINSI has advanced ethical and inclusive AI leadership in Nigeria’s public sector. Working with Lagos Business School, the Federal Ministry of Communications, Innovation and Digital Economy, and the National Centre for Artificial Intelligence and Robotics, Microsoft has trained 99 public sector leaders, including Members of the National Assembly and senior executives from 58 ministries and agencies. These sessions equipped leaders with strategies for AI-powered reporting and sector-specific roadmaps.
Equipping developers for the future
Developer-focused programmes are creating a strong pipeline of technical talent. Through government-driven initiatives like Developers in Government (DevsInGov) and the 3 Million Technical Talent initiative, led by the Ministry of Communications, Innovation and Digital Economy, developers in public sectors have gained new skills. Around 645 participants have been trained in analytics and AI integration. Another 1,000 developers learned advanced skills in areas such as DevOps, machine learning and data science. These efforts are helping Nigeria’s workforce prepare for the future by advancing AI fluency across the digital ecosystem.
Bringing AI skills to every tech user
To reach everyday tech users, developers, and business leaders, Microsoft hosted a flagship programme, Microsoft AI Skills Week – engaging over 235,000 participants through AI digital literacy workshops, business leader strategy sessions and an Agentic AI hackathon. Partnering with VISA, TeKnowledge, UNICEF, Data Science Nigeria, and Lagos Business School, the initiative trained more than 11,400 individuals and certified over 1,700. A standout moment was the Agentic AI hackathon, showcasing innovative solutions for document verification, risk assessment, and fraud detection, demonstrating the real-world impact of AI skills in fintech.
“Our collaboration with Microsoft has demonstrated that AI readiness requires coordinated investment across every stakeholder group — government, developers, educators, and communities. By building capacity for evidence-driven governance, responsible innovation, classroom integration, and community adoption, we are laying the foundation for a globally competitive workforce. True digital transformation happens when the entire ecosystem moves forward together,” commented Dr. Bayo Adekanmbi, CEO/Founder, Data Science Nigeria.
Looking ahead, Microsoft and its partners will continue driving Nigeria’s digital transformation through targeted upskilling in AI and cybersecurity, expanded access to AI education, and ongoing developer training. These activities aim to build local expertise at all levels and support Nigeria’s young population in taking an active role in Africa’s digital future.
“Nigeria is on track to capture 43% of Africa’s projected $136 billion AI-driven productivity gains by 2030,” concluded Yusuf. “By collaborating with the government to equip leaders, developers, and tech users, we’re building a future-ready workforce and helping Nigerians adopt and adapt the technology, thereby maximising its potential.”
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