March 2023 - Page 4 of 13 - Business Metrics

The Exciting Handshake Between Women and Mobile Money in Africa

By Rashi Gupta, Group Chief Operating Officer at MFS Africa The success of mobile money in Africa is well known. If you’ve paid any attention to...

Economy2 years ago

Afreximbank Raises Fidelity Bank Trade Financing Facility 44% to $180m

Rosemary Iwuala Announces New Collaboration with ITFC African Export-Import Bank (Afreximbank) has announced the enhancement of the financing facility provided to Fidelity Bank plc, under the...

Startups & Innovations2 years ago

Sterling One Foundation, Jobberman Partners to Train Graduates on soft skills

Rosemary Iwuala Sterling One Foundation has partnered with Jobberman, Nigeria’s top recruitment platform to offer Soft Skills Training to young Nigerian graduates, as the importance of...

Power Crisis, Unhealthy Alternatives and NCC’s Clean Energy Transition Quest

Telecoms2 years ago

Power Crisis, Unhealthy Alternatives and NCC’s Clean Energy Transition Quest

Telecommunications companies in South Africa have been battling to survive due to electricity power supply challenges which has prompted the regulatory authority to introduced load-shedding. Helios...

GTCO Declares Annual Food & Drink Festival

Sponsored2 years ago

Attendance is Free: GTCO Declares Annual Food & Drink Festival

The annual GTCO Food & Drink Festival is back again for its 6th Edition, and food lovers across Africa and the world are in for a...

NITRA ICT G3.8m Cyberattacks Target Nigeria During Governorship, State Assembly Elections – Minister The Nigerian government announced Wednesday that it recorded a total of 3.8 million (3,834,244) cyberattacks, originating from both within and outside Nigeria during the gubernatorial and state assembly elections. The Minister of Communications and Digital Economy, Isa Pantami, disclosed this in a statement issued by his senior technical assistant (Research and Development), Femi Adeluyi. The statement said on 14 March, the office of the minister released a statement regarding the activities of the ministry and its parastatals before, during and after the Presidential and National Assembly elections. “As a follow-up to that and in line with the ministry’s mandate as well as its efforts aimed at supporting the initiatives of securing Nigerian cyberspace, the minister directed the ministerial standing committee on an advisory role for the protection of Nigerian Cyberspace and ICT Infrastructure to further enhance the cyberspace surveillance activities of the three cybersecurity centres of the National Information Technology Development Agency (NITDA), Nigerian Communications Commission (NCC) and Galaxy Backbone Limited (GBB),” it said. It added that the committee, inaugurated by the minister on the eve of the Presidential and National Assembly elections, was charged with the responsibility of monitoring of telecommunication infrastructure for the successful conduct of the 2023 general elections, developing and implementing plans to enhance the resilience of critical digital infrastructure against cyber threats, designing procedures and using technologies to prevent, detect, and respond to cyberattacks, as well as developing the ability to recover from any damage that is done quickly. It was also charged with the responsibility of developing a comprehensive risk assessment, analyzing the nation’s current cybersecurity capabilities, identifying gaps that need to be addressed and providing professional advice to the government on the effective utilization of digital technologies in the conduct of the 2023 general elections. The statement noted that based on the minister’s directives, the committee provided close oversight on the activities of the cybersecurity centres. It said during this period, a series of hacking attempts were recorded, including Distributed Denial of Service (DDoS), email and Internet Protocol Spoofing (IPS) attacks, SSH Login Attempts, Brute force Injection attempts, Path Traversal, Detection Evasion, and Forceful Browsing. “A total of 3,834,244 attacks were recorded, originating from both within and outside Nigeria. “Daily breakdown of these attacks is 17 March 2023: 1,046,896, 18th March 2023: 1,481,847, 19th March 2023: 327,718 and 20th March 2023: 977,783,” Mr Pantami said. “It is interesting to note that the activities of cyber threat actors in Nigerian cyberspace during the Gubernatorial and State Assembly elections are much lower than those during the Presidential and National Assembly elections. “This is neither surprising nor unexpected as, Nigeria being Africa’s largest democracy, the Presidential and National Assembly elections are bound to attract more attention of everyone, including cyber threat actors, than during the Gubernatorial and State Assembly elections.” The minister noted that the implementation of some recommendations as well as measures taken to fortify cyber defence mechanisms might have helped in this. “These attainments would not have been possible without the continued support of President Muhammadu Buhari, and the administration in general, towards ensuring Nigeria’s successful transition into the digital economy. “The digital economy sector has enjoyed Mr President’s unprecedented support and it is highly appreciated,” he said.rowth Conference

General2 years ago

3.8m Cyberattacks Target Nigeria During Governorship, State Assembly Elections – Minister

The Nigerian government announced Wednesday that it recorded a total of 3.8 million (3,834,244) cyberattacks, originating from both within and outside Nigeria during the gubernatorial and...

NGX Rebounds with N295 Billion Gain on Bargain Hunting

Capital Market2 years ago

Nigerian Stock Market Stages Marginal Rebound by 0.03%

The Nigerian stock market on Tuesday escaped the ripples of the latest 50 basis points increase in the monetary policy rate (MPR) by the Central Bank...

EPL: Tottenham Players Beg Sacked Manager to Return

Sports2 years ago

EPL: Tottenham Players Beg Sacked Manager to Return

Several Tottenham players are pleading with their former boss, Mauricio Pochettino, to return to the club. The players are said to have been in contact with...

Economy2 years ago

NGX, Partners Intensify Advocacy for Financial Literacy Among Young Nigerians

Nigerian Exchange Limited (NGX) continues to build on its advocacy of inculcating a culture of saving and investing in young Nigerians as it celebrates the 2023...

Op-ed: To Make ePayments More Acceptable, Nigeria Needs to Curb Fraud

Finance2 years ago

Op-ed: To Make ePayments More Acceptable, Nigeria Needs to Curb Fraud

Op-ed: To Make ePayments More Acceptable, Nigeria Needs to Curb Fraud By Victor Irechukwu, Head of Engineering, OnePipe When a credit alert drops on your phone, chances...