Category Archives: E-Business

#EndSARS: Anonymous Allegedly Hacks GTBank, Customers Receive N5,000

International hacktivist,
Anonymous is back in the headlines again after reportedly hacking GTBank and crediting its customers N5,000.

Customers of the bank made the disclosure on the Twitter platform.

Recall that DSTV and GOTV were allegedly hacked yesterday by the same group which made all paid channels free without subscription.

Earlier this morning, it was gathered that Anonymous distributed #1000 airtime after hacking Airtel regarding the #EndSARs protest.

See tweets below;

#EndSARS: Anonymous hacks Airtel, credits all users N1000 credit

Users of Airtel have come out to testify that Anonymous has hacked the Airtel network.

At the moment, over 10 users have told Jungle Journalist Media Limited that they have extra credit of N1000 at the moment.

Yesterday, Anonymous infiltrated DSTV and GOTV channels, providing users all the channels for free. DSTV was later able to recover its channels.

BREAKING: Anonymous hacks DSTV, GOTV channels, all stations currently available for free

Anonymous has hacked the DSTV and GOTV channels in Nigeria.

Currently, both handles are showing all channels for free across the country.

Jungle Journalist Media Limited has confirmed this as editors have tested and found that its working for free.

More details to follow.

Facebook to open 2nd African office in Lagos, Nigeria

Global tech giant, Facebook has announced plans for a Nigeria office which is to be located in the country’s commercial and tech hub, Lagos. This is coming four years after the CEO, Mark Zuckerberg visited the country.

The office location is expected to be secured and become operational between now and the second half of 2021.

During the said period, although not confirmed, the company will probably begin the recruitment of a team of engineers, sales, partnership, policy, and communication.
As revealed by Ime Archibong, Facebook’s Head of New Product Experimentation, this attraction is from the pool of tech talents within the country. Indeed, this points to an extensive intake of more local talents in the coming months.

Operations from the new Lagos office is anticipated to boost growth in sub-Saharan African nations. The team will be responsible for building African-focused products while contributing to the growth of the African tech ecosystem.

Notably, Facebook has been running its Africa operations from its South African headquarters, the first on the continent, for the past five years. Headed by Nunu Ntshingila-Njeke, the activities were planned with an initial focus on Kenya, South Africa, and Nigeria.

Interestingly, between 2015 and now, Internet penetration in these countries has greatly improved. In retrospect, Internet penetration in sub-Saharan Africa between 2015 to 2020 increased from 16% to 33.2%.

Facebook believes its next billion users are coming from Europe and MENA nations and has thus targetted Internet infrastructural development at these locations. Over the past five years, Facebook has invested in assets committed towards Internet connectivity in Africa.

The latest of this is the 2Africa project — Facebook’s collaboration with a consortium of telecom companies to connect 16 African countries to the world within four years by laying subsea Internet cables.

Meanwhile, the company has been actively involved in laying cables since 2016 and has partnered with telcos like MainOne and MTN. It has also been associated with the installation of servers in most African countries.

Asides from infrastructural development, Facebook has been involved in African talent building. In 2018, it launched NG_Hub in partnership with CcHub.

While this announcement further portrays Facebook’s interest in Africa, it’s a no-brainer that the social media giant has seen Africa has a market it will profit from in the very near future.

iPhone’s new IOS is making it harder for Facebook to track people, Facebook says it will decimate part of its business

Apple is making it harder for companies to track people’s data across apps and Facebook says it could have devastating effects on part of its business.

On Wednesday, the Silicon Valley-headquartered social-networking giant published a blog post decrying changes Apple has planned for its iOS 14 mobile operating system. Apple intends to prevent apps from tracking users using their unique device identifier, or IDFA, without their explicit permission something that Facebook’s Audience Network uses to personalize advertising in third-party apps.

Facebook said that doing so would have a significant impact on Audience Network, cutting its revenue on iOS by up to 50% because of an inability to deliver more valuable, targeted advertising. It may even force Facebook to stop developing Audience Network for iOS altogether, the company said.

“This is not a change we want to make, but unfortunately Apple’s updates to iOS 14 have forced this decision. We know this may severely impact publishers’ ability to monetize through Audience Network on iOS 14, and, despite our best efforts, may render Audience Network so ineffective on iOS 14 that it may not make sense to offer it on iOS 14 in the future,” the blog post said.

Audience Network is only one piece of Facebook’s revenue (it’s unclear precisely how much), and its core business of advertising inside its own apps will be unaffected. But any attempt to curtail data collection can pose a threat to Facebook, and the company has recently been vocal about the risks that regulators and platform changes pose.

During a recent earnings call with analysts, company executives argued that Facebook was a “lifeline” for small businesses during the pandemic and that preventing them from effectively targeting people with ads could have dangerous “macro-economic effects.”

It’s an argument that Facebook reiterated in its Wednesday blog post: “We understand that iOS 14 will hurt many of our developers and publishers at an already difficult time for businesses. We work with more than 19,000 developers and publishers from around the globe and in 2019 we paid out billions of dollars. Many of these are small businesses that depend on ads to support their livelihood.”