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Business news

SEC Hikes Minimum Capital Requirements for Market Operators After a Decade

The Securities and Exchange Commission (SEC) has revised the minimum capital applicable to all categories of regulated capital market entities after 10 years. The minimum capital review, according to the SEC, is informed by the need to strengthen market resilience, enhance investor protection, align capital adequacy with the evolving risk profile of market activities, and […]

Telecom

Study Shows Blocks in Telegram are Pushing the Underground Out

Modern messengers, such as WhatsApp, Telegram, Signal and others, are often used for illicit purposes. Kaspersky Digital Footprint Intelligence has conducted an in-depth monitoring of over 800 blocked cybercriminal Telegram channels between 2021 and 2024. While a range of illegal activities continues to be hosted on the platform, its environment has become noticeably more challenging […]

General News

How to Stay Safe Online During Sales Periods

Kaspersky’s new global research reveals that 65% of online shoppers believe they can detect fraud on their own, while only 42% actually use security software to protect their payments and block malicious links. Experts consider this a major risk for online buyers. Over the past year Kaspersky identified nearly 6.7 million phishing attacks globally impersonating […]

Tech

Galaxy Backbone Celebrating Two Decades of Powering Nigeria’s Digital Evolution

Galaxy Backbone Limited (GBB), the Federal Government’s leading ICT infrastructure and shared services provider, will mark its 20th anniversary in June 2026 with a grand celebration that reflects two decades of innovation, resilience, and national impact. Since its inception in 2006, Galaxy Backbone has been at the heart of Nigeria’s digital transformation journey; building the […]

General News

FG, Nordic Nations Unite for Digital Transformation

Nigeria is strengthening ties with the Nordic region to drive digital transformation and, ultimately, economic growth. Svein Baera, Norway’s ambassador to Nigeria, met with Dr. Bosun Tijani, minister of communications, innovation, and the digital economy, Wednesday. The minister revealed that the discussion on Wednesday in Abuja focused on artificial intelligence (AI), broadband infrastructure, talent, and […]

News

Nigeria Recorded 4,622 Cyber-attacks Per Week in December 2025

In December 2025, organisations globally faced sustained cyber pressure, as the average number of cyber-attacks per organisation per week reached 2 027, a 1% increase from the previous month and a 9% increase from December 2024. This is according to December 2025 Global Cyber Attack Statistics by Check Point Research, the threat intelligence arm of […]

Fintech

Paystack Expands Beyond Payments into Banking

Nigerian fintech giant, Paystack has taken its boldest step yet beyond payments, acquiring Ladder Microfinance Bank. The fintech giant has quickly rebranded its new acquisition as Paystack Microfinance Bank (MFB) in a strategic shift that could reshape how African businesses access credit, deposits, and embedded financial services. After nearly a decade building the backbone of […]

News

NITDA DG Reassures on Nigeria–U.S. Partnership on Data Privacy, AI and Cybersecurity

Kashifu Inuwa Abdullahi, the Director General of the National Information Technology Development Agency (NITDA), has reaffirmed Nigeria’s commitment to strengthening collaboration with the United States in building a secure, trusted, and resilient digital ecosystem, with a particular focus on data privacy, artificial intelligence, cybersecurity, and capacity building. He stated this while delivering an address at […]

Fintech

Moniepoint Launches Second Cohort of DreamDevs Initiative to Double Down on Africa’s Tech Talent Pipeline 

Moniepoint Inc, Africa’s leading digital financial services provider, has announced the opening of applications for the second cohort of its flagship DreamDevs initiative, a transformative program designed to bridge the tech talent gap in Africa by equipping recent graduates with industry-ready skills and real-world experience. With applications open to graduates across Nigeria, DreamDevs is designed […]

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