Nigeria GDP
Cybercrime is a Pressing Threat to Economic Growth in West Africa
Sourced from the Guardian Nigeria. While organisations across West Africa work to recover from the economic impact of the pandemic, the global cybercrime industry is going into overdrive. An increasingly sophisticated cybercrime industry is launching a range of attacks aimed at organisations and critical infrastructure. Such attacks are growing in volume and sophistication, putting our collective economic recovery at risk at a time when organisations invest more heavily in digital technologies. Global attacks on Internet of Things (IoT) devices, for example, have risen 300% in 2019 alone, and cost organisations untold amounts of revenue and disruption to their business operations. One study found that the average cost of cybercrime is $13-million per successful attack, a huge 72% increase ...
How COVID-19 has Impacted Africa’s Wealthiest Countries by GDP
Sourced from IDG Connect Spanning 54 countries, Africa is a powerhouse in the world of natural resources and innovation. And despite the social and political issues the continent faces, there’s was no doubt that it was on track to see an abundance of opportunities to grow in the coming years – however, there was no telling what impact COVID-19 and subsequent national lockdowns would have on local GDPs. Here is a quick look at the richest countries in Africa in a COVID-19 economy: Nigeria A key component of the African economy, Nigeria has a population amounting to half of West Africa (just over 202 million). With an abundance of natural resources, it remains Africa’s number one producer in terms of GDP output, roughly $446,543 Billion at the end of 2019. The country is Africa’s large...
