A new study released on Monday by Kaspersky shows that Ransomware was the most widespread Malware-as-a-Service (MaaS) over the past seven years. This latest study is based on research conducted on 97 malware families that have been distributed on the darknet and other resources. Additionally, the researchers found that cybercriminals often lease infostealers, botnets, loaders, and backdoors to carry out their attacks. Digital TimesNG understands that Malware-as-a-Service (MaaS) is an illicit model of business involving leasing software to carry out cyberattacks. Typically, clients of such services are offered a personal account through which they can control the attack and technical…
Author: DigitalTimesNG
There are plans by Point of Sale (PoS) agents in Lagos State to soon begin to charge customers N500 for N10,000 cash withdrawals. The PUNCH reports that this was disclosed on Friday by Stephen Adeoye, the Public Relations Officer, Lagos Chapter of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), during a Channels Television’s Business Morning programme. Adeoye gave a breakdown of the proposed prices which he claimed, is aimed at eradicating price discrepancies in the industry. “Let me tell you the price list, N1000–N2,400 will be N100 for withdrawal. N3500 to N4000 will be N200; N4,100…
Flutterwave, a leading African payments technology company has announced a partnership with Microsoft to build its next-generation platform on Microsoft Azure, powering payments infrastructure across the African continent and beyond. Digital TimesNG learnt that the agreement reflects Flutterwave’s commitment to give businesses and individuals access to global-grade services across all of Africa and drive digital transformation around the world. With Flutterwave and Microsoft’s plans to power payments to and fro Africa, analysts believe this collaboration is an incredible opportunity to impact growth across the continent. An insight into the agreement shows that through this engagement, Flutterwave will support the accelerated…
Nigerian Fintech saw a slow start to the year with both investment and deal activity dropping Year-on-Year despite consistent deal activity growth in the past five years, according to a report in Fintech Global. In comparison to the previous year, Fintech deal activity in Nigeria witnessed a significant decline of 55% in the first quarter of 2023, with only 14 deals recorded. During Q1 2023, investment in Nigerian Fintech experienced a significant decline of 93% compared to Q1 2022, reaching a total of $5m. Curacel, a digital insurance solutions provider, had the largest Nigerian FinTech deal in Q1 2023, raising…
By Tony OJOBO The telecommunications industry has undoubtedly witnessed tremendous growth and development in Nigeria. It is a sector that directly impacts every aspect of human life, business, education, governance, family, entertainment, etc. Growth in the industry was slow for several years after Nigerian Independence. The total telephone subscriptions from Independence in 1960 to 2001 was a paltry 400,000 connected analogue lines, translating to a teledensity of 0.04%. This number of telephone lines was considered inadequate for a population of 126.2 million in 2001, according to the World Bank, when the Nigerian Communications Commission (NCC) licensed the Digital Mobile Operators.…
GE Vernova’s Gas Power business and Junior Achievement Nigeria (JAN) recently hosted a ‘Girls in STEM’ event to inspire 100 secondary school girls and bridge the gender gap in Science, Technology, Engineering, and Mathematics (STEM) careers to prepare the next generation of women engineers and innovators. The event in Port Harcourt, Rivers State, Nigeria, was held in commemoration of the International Day for Women in Engineering and featured educative panel discussions on leadership, exploring different STEM careers, and mentorship. The Girls in STEM programme aim to encourage girls to choose careers in STEM, expose them to a network of female…
By Emmanuel ASIKA The world’s natural reserves are fast diminishing at a worrisome speed, almost two times quicker than mother earth can recreate. This figure is projected to be 2.3 times what is sustainable by 2050. Yearly, 50 million tonnes of e-waste contribute to this, which is tantamount to the size of all commercial aircraft ever made. Hence, achieving a sustainable environment is incumbent on implementing a circular business model like waste reduction, recycling, and regenerating products, and advocating sustainable production processes. Nonetheless, the global economy is just 7.2% circular – implying that more ground needs to be covered. With…
Bharti Airtel has outlined a shake-up to the structure of its business unit which will include the departure of CEO Ajay Chitkara in August, according to a report by MobileWorldLive. The report disclosed that in a stock exchange filing, the operator noted that Airtel Business will run as a trio of separate units following Chitkara’s departure. The rejig will see two channels dedicated to its global and domestic operations, alongside a channel designed to oversee the company’s data centre brand Nxtra. Its domestic business operation will be headed by Ganesh Lakshminarayanan, currently CEO of Airtel enterprise business, and its global…
Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa has reiterated the transformative potential of emerging technologies in revolutionising the agricultural sector in Nigeria. Inuwa spoke at the International Hybrid Symposium on Smart Agriculture 2023, organised by the Federal University Dutsinma (FUDMA), in collaboration with Islamic World Educational, Science and Cultural Organisation, Morocco. Themed “The Future of Smart Agriculture and the Role of Emerging Technologies in Achieving the SDGs,” the symposium brought together experts to discuss ways that will henceforth encourage smart agriculture, and showcased beneficiaries of the National Adopted Village for Smart Agriculture (NAVSA) from Federal University, Dutse.…
The National Information Technology Development Agency (NITDA), in partnership with COURSERA, has continued to display its commitment to empowering the youth of the country by offering job-ready digital skills scholarship training programmes towards youth dependency and marketability. The second cohort which is a six-month training programme that is fully funded by NITDA in partnership with COURSERA is aimed at building the digital capacities of Nigeria’s youth that will enable them to earn professional certifications from top United States of America’s colleges and global tech giants. Enriched with artificial intelligence, user exchange design, user inter-phase design, web development and android development…