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

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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.


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Firm Identifies RenEngine Loader Distributed Through Pirated Games and Software

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Kaspersky Threat Research has revealed its analysis of RenEngine, a malware loader that has recently gained public attention. Kaspersky identified RenEngine samples as early as March 2025, with its solutions already protecting users from the threat at that time.

Beyond the cracked games highlighted in recent reports, Kaspersky researchers discovered that attackers created dozens of websites distributing RenEngine through pirated software, including graphics editors like CorelDRAW. This expands the known attack surface beyond the gaming community to anyone seeking unlicensed software.

Kaspersky has recorded incidents in Russia, Brazil, Turkey, Spain and Germany, among other countries. The distribution pattern indicates opportunistic attacks rather than targeted operations.

When Kaspersky first identified RenEngine, the loader was delivering the Lumma stealer. Current attacks distribute ACR Stealer as the final payload, and Vidar stealer has also been observed in some infection chains.

The campaign exploits modified versions of games built on the Ren’Py visual novel engine. When users launch infected installers, a fake loading screen appears while malicious scripts execute in the background. The scripts include sandbox detection capabilities and decrypt a payload that initiates a multi-stage infection chain using HijackLoader, a modular malware delivery tool.

“This threat extends beyond pirated games — attackers are using the same technique to distribute malware through cracked productivity software, which broadens the potential victim pool significantly,” said Pavel Sinenko, lead malware analyst at Kaspersky Threat Research. “Game archive formats vary by engine and title. If an engine doesn’t check the integrity of its resources, attackers can embed malware that executes the moment you click play.”

Kaspersky solutions detect RenEngine as Trojan.Python.Agent.nb and HEUR:Trojan.Python.Agent.gen. HijackLoader is detected as Trojan.Win32.Penguish and Trojan.Win32.DllHijacker.


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Interswitch Partners Abia to Digitise Public Hospitals

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Interswitch, a technology company, through its health-tech subsidiary, Interswitch eClat, has taken a major step in advancing Nigeria’s public-sector health digitisation agenda following the conclusion of a high-level stakeholders’ engagement with the Abia State Government.

The engagement took place ahead of the phased deployment of eClinic, Interswitch eClat’s Electronic Medical Records platform, across public health facilities in the state, the firm stated in a statement on Friday.

The engagement, convened by the Abia State Ministry of Health in collaboration with Interswitch and held at the State’s Ministry of Health in Umuahia, brought together senior government officials, health administrators, Interswitch representatives, and key ecosystem stakeholders to align on the scope, implementation framework, and expected outcomes of the proposed eClinic deployment.

The initiative reflects a shared commitment to leveraging digital infrastructure to improve healthcare delivery, operational efficiency, and patient outcomes across Abia State’s public health system.

Discussions focused on deploying Interswitch’s eClinic solution in alignment with Abia State’s broader healthcare reform agenda under the current administration, particularly the transition from fragmented, paper-based systems to secure, interoperable digital platforms across public health facilities.

The proposed kick-off phase will span six public health facilities, including three primary healthcare centres, two secondary facilities, and one tertiary hospital, creating an end-to-end digital care pathway that strengthens patient referrals, supports continuity of care, and enables data-driven decision-making across all levels of service delivery.

The EMR solution is built to reduce patient waiting times, strengthen referral processes, and ensure the secure handling of both clinical and administrative data, supported by a hybrid infrastructure that enables local hosting with cloud-based backup.

Speaking at the engagement, Prof Enoch Uche, the Commissioner for Health, Abia State, described the initiative as a major milestone in the state’s healthcare transformation journey and highlighted the importance of private-sector collaboration in achieving sustainable impact.

“The Ministry of Health in Abia State is excited about the digitisation of health facilities, starting with Interswitch’s eClinic pilot phase involving three primary, two secondary, and one tertiary health centre. This initiative will enhance efficiency, accountability, and patient care by linking records across different levels of care.

“Global evidence shows that digital health improves access, reduces the cost of care, and maximises human resources while personalising services for our people. This partnership with Interswitch represents a key deliverable for this administration and aligns with the Governor’s vision for a modern, technology-driven health system,” he said.

During technical sessions led by Babatunde Fadeyi, Vice President, Health Ecosystem (Public Sector), Interswitch, stakeholders were taken through the core capabilities of Interswitch’s eClinic platform.

These include secure patient record management, ICD-11–compliant diagnosis coding, controlled data update protocols, and integrated billing and reporting tools designed to improve efficiency and accountability across health facilities.

Stakeholders were also briefed on the platform’s governance framework, risk mitigation approach, and phased implementation roadmap. Commenting on the engagement, Fadeyi reaffirmed Interswitch’s commitment to delivering measurable impact through technology-enabled healthcare systems.

“Abia State has demonstrated a strong commitment to innovation and system reform. The alignment of the state’s healthcare priorities with national health digitisation objectives creates a solid foundation for meaningful progress. Interswitch’s eClinic platform is designed to improve hospital operations by automating workflows, securing patient data, and providing healthcare managers with reliable insights to guide decisions.

“Beyond improving patient experience, it supports stronger revenue tracking, operational efficiency, and accountability. Our focus is to ensure the success of this pilot phase and deliver tangible improvements across productivity, service delivery, and patient satisfaction,” he said.

Also speaking at the engagement, Dr Ifeyinwa Blossom Uma-Kalu, the Permanent Secretary of the Ministry of Health, Abia State, highlighted the operational and clinical value of Interswitch’s eClinic initiative, particularly in strengthening referrals, improving revenue management, and expanding access to specialist care.

“This digitisation initiative will help us track our finances and internally generated revenue more accurately while reducing leakages. More importantly, it strengthens our referral system by allowing patient records to move seamlessly from primary to secondary and tertiary care.

“With a digital framework, healthcare workers in remote communities can access specialist support through telemedicine, helping to save lives and improve outcomes. This is a critical tool in our efforts to reduce maternal and infant mortality, and we are eager to see the outcomes of Interswitch’s eClinic,” she noted.

The engagement also addressed key success factors for the project, including power stability, user training, change management, and inter-agency collaboration, with both parties emphasising sustainability and scalability as the project progresses.


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WIEG 2026 Summit Shifts to April 22-23 for Maximum Impact

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Organisers of the World International Economic Group (WIEG) 2026 Investment Summit have rescheduled the event to April 22-23, 2026, at Four Points by Sheraton, Oniru, Victoria Island, Lagos, to boost institutional participation, stakeholder alignment, and investment outcomes amid Ramadan considerations.

WIEG 2026 Summit Shifts to April 22-23 for Maximum Impact

WIEG 2026 Summit

A statement from the Summit secretariat attributed the shift to extensive consultations with high-level public and private sector players, including government institutions, development finance partners, industry regulators, sponsors, and sector leaders.

It emphasised the need for additional time post-Ramadan to enable deeper engagement, secure internal approvals, and align with senior executives’ and policy leaders’ calendars.

The rescheduling, described as a “strategic enhancement,” allows for substantive contributions from speakers, panelists, and deal partners while mobilising investment networks and sectoral ecosystems.

The secretariat expressed appreciation to stakeholders whose early commitments underscore the Summit’s credibility in building a transformative platform for Nigeria and Africa.

Unlike conventional conferences, the WIEG 2026 Summit targets high-impact deal-making for a Smart City project and key Nigerian economic sectors, ensuring top-level decision-makers deliver measurable results.

The new dates are expected to expand government-private sector representation, strengthen investor pipelines, boost global delegate turnout, foster policy-investment dialogues, and heighten partnership visibility.

WIEG, registered in 200 countries with headquarters in Malaysia, promotes global partnerships for business opportunities across investment, trade, community development, humanitarian action, and sustainable growth in emerging markets. Its Nigeria chapter is fully registered to coordinate local programmes, investments, and partnerships.


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