Teck Tohnik

LAGOS — Nigeria's federal government is moving to convert the conspicuous consumption habits of its wealthiest citizens into a steady stream of tax revenue, targeting luxury goods, high-end real estate, and elite lifestyle spending as part of a broader push to reduce the country's dependence on oil receipts and expand its tax base. The strategy, outlined in recent policy documents and budget speeches, reflects a growing recognition in Abuja that a country with one of the world's lowest tax-to-GDP ratios cannot continue to fund its obligations on crude exports alone. Nigeria's tax-to-GDP ratio has hovered around 10 percent for years, well below the African average of roughly 16 percent and far below the 15 percent threshold the World Bank considers necessary for sustainable development. The Luxury Tax Architecture At the center of the push is a proposed excise duty on luxury goods, including high-end automobiles, private jets, yachts, designer apparel, and premium alcoho...

NAIROBI — A sophisticated malware campaign is spreading through torrent trackers disguised as popular films, including The Odyssey, and security researchers say victims have been identified across multiple continents, including Kenya and Uganda. Kaspersky's Global Research and Analysis Team (GReAT) said in a report released last week that the campaign has been active since at least mid-August and remains ongoing. Several hundred victims have been confirmed in Russia, Türkiye, Japan, Kenya, Uganda, and Colombia, as well as in several European countries including Spain, the Netherlands, Belgium and Germany. The victims span individual users and organisations in the enterprise, government, IT, consulting, retail, transportation, and agriculture sectors. A Compromised Torrent Archive The attackers gained access to a popular public archive of torrent files and used it to deliver the malicious payload. When users requested magnet links from trackers that relied on this repository, they r...

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