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Telecom

GSMA Report Warns of Raising Costs of Fragmented Cybersecurity Regulation, Increasing Risk for Mobile Operators

The GSMA has released a major new independent study, The Impact of Cybersecurity Regulation on Mobile Operators, revealing that mobile operators are spending between US $15-19 billion annually on core cybersecurity activities, a figure expected to rise to US $40-42 billion by 2030. Despite this significant investment, mobile network operators, who form the backbone of […]

Telecom

IHS Nigeria Reaffirms Commitment to National Security at the Unveiling of the NCTC Strategic Plan

IHS Nigeria, the country’s leading communications infrastructure provider and a subsidiary of the IHS Towers Group, joined senior government officials, security leaders, members of the diplomatic community, development partners, and senior private-sector stakeholders at the official unveiling of the National Counter Terrorism Centre (NCTC) Strategic Plan (2025–2030). The event which held at the Office of […]

Business news

Firm Reports 6.4M Shopping Phishing Attempts, Over 20M Gaming Attacks in 2025

Kaspersky reports that in 2025, cybercriminals continued to use seasonal shopping periods to distribute phishing pages and fraudulent promotions aimed at collecting personal and payment information. Gaming platforms also remained a prominent target throughout the year. Kaspersky Security Network (KSN) shows that from January through October 2025, the company blocked 6,394,854 phishing attempts impersonating online […]

News

SEC Mandates Registration of all Tradable Instruments by Jan 2026

The Securities and Exchange Commission (SEC) has directed all Capital Market Operators (CMOs) to declare their compliance status and ensure every tradable instrument under their control is duly registered with the Commission in line with the Investments and Securities Act (ISA) 2025 no later than January 2026. Director-General of the SEC, Emomotimi Agama, gave the […]

Business news

AfDB Group Approves $500M Loan to Support Nigeria’s Economic Governance, Energy Transition

The Board of Directors of the African Development Bank Group, meeting in Abidjan, approved a $500 million loan to the Government of the Federal Republic of Nigeria to finance the second phase of the Economic Governance and Energy Transition Support Programme. The policy-based operation is for fiscal years 2024 and 2025. “The second phase of […]

Fintech

Reps Decry Rising Fraudulent Activities Linked to POS Agents

The House of Representatives has raised concern over a surge in fraud linked to Point-of-Sale (POS) operators nationwide. POS terminals are now a popular cash source for businesses and individuals seeking alternatives to ATMs, even though ATM fees are lower. Speaking at a resumed investigative hearing with fintech stakeholders at the National Assembly Complex on […]

General News

NITDA Supports Women with Digital Skill Training

The National Information Technology Development Agency (NITDA), has partnered with The Renewed Hope Initiative to empower Women with ICT Training. The event was hosted by the First Lady and National Chairman of the Initiative, Her Excellency Senator Oluremi Tinubu, CON. The First Lady congratulated the 2025 cohort and encouraged them not to fear starting small, […]

Tech

Cloud23, AI Start-up Expands into Nigeria, Others

Cloud23, an artificial intelligence (AI) advisory firm founded in Johannesburg in 2021, has rapidly expanded its operations to 15 African countries, showing the continent’s growing demand for the technology. The company, which focuses on helping large businesses use AI to increase efficiency and cut costs, reported double-digit revenue growth as it pushes its services across […]

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