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Business news

NITDA DG Tasks CBN Directors on Traditional Regulatory Tools that Can No Longer Govern Modern Banking

Kashifu Inuwa, CCIE, the Director General, National Information Technology Development Agency (NITDA), has declared that Nigeria’s financial stability can no longer be guaranteed through traditional regulatory approaches, warning that banking has evolved into a complex digital ecosystem requiring real-time supervision, cross-sector collaboration, digital sovereignty, and enhanced operational resilience. Speaking on “Digital Transformation, Supervision, Innovation and […]

Business news

Digital Encode Launches DEPAS AI Nigeria’s First Autonomous Penetration Testing Platform to Counter AI-Driven Cybercrime

As artificial intelligence accelerates the scale and sophistication of cybercrime worldwide, Nigeria’s foremost cybersecurity professional services firm, Digital Encode, has announced the launch of DEPAS AI, its fully autonomous enterprise penetration testing platform. The move comes as IBM’s 2026 Cost of a Data Breach Report finds that AI-enabled breaches now account for 25% of all […]

Fintech

Mastercard, TeamApt Collaborate to Expand Digital Payments Across Africa

Mastercard and TeamApt Ltd., a subsidiary of Moniepoint Inc. and a leading provider of financial infrastructure and payment solutions, have entered a strategic collaboration to strengthen digital payment capabilities for businesses and financial institutions across Africa. As part of this collaboration, TeamApt will operate directly on Mastercard’s global payments network as a non-bank acquirer, enhancing […]

News

NDPC Investigates UNILAG, Lotus Bank, Hackerbella Ltd over Alleged Data Protection Violations

The Nigeria Data Protection Commission (NDPC) has commenced a forensic investigation into the University of Lagos (UNILAG), Lotus Bank and Hackerbella Ltd following public complaints alleging the use of students’ personal data to open bank accounts without a lawful basis. The National Commissioner and Chief Executive Officer of the Commission, Dr Vincent Olatunji, has directed […]

Business news

New Tax Rules Put Nigeria’s $92bn Crypto Market, Its Young Builders at Risk

Nigeria’s $92 billion virtual asset market, built overwhelmingly by young Nigerians and now the largest in Sub-Saharan Africa, risks being driven offshore by the new Guidelines on the Taxation of Virtual Assets, the Digital Assets Coalition warned, as it published its formal position paper on the framework, which came into force on 3 August 2026. […]

Telecom

FG Commences 90,000km Fibre Optic Rollout within Weeks

The Federal Government has announced that work will commence within weeks on a 90,000-kilometre fibre optic network expected to connect every state, local government area and ward in Nigeria, marking what officials describe as one of the country’s most ambitious digital infrastructure projects. Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, disclosed this […]

Broadcasting

NBC Tasks Broadcasting Stations over 2028 DSO Global Deadline

Mrs. Clementine Wamba, head, Digital Switch Over (DSO) at the National Broadcasting Commission (NBC), has stressed the need for broadcasting stations and practitioners nationwide to work towards meeting the 2028 global deadline for the switch over. She made the call in her presentation titled, “DSO Big Picture: Free TV Audience Measurement and the Evolving Media […]

News

CAC Begins Process of Removing 100,000 Companies from Register Over Regulatory Non-Compliance

The Corporate Affairs Commission (CAC) has announced the commencement of another exercise to remove 100,000 companies from Nigeria’s register of companies for failing to comply with statutory requirements under the Companies and Allied Matters Act (CAMA), 2020. In a public notice issued on Thursday, and dated July 15, 2026, the commission said the exercise was […]

Tech

NITDA, FUET Deepen Collaboration to Advance Digital Infrastructure, Innovation and Skills Development

The National Information Technology Development Agency (NITDA) has reaffirmed its commitment to strengthening Nigeria’s higher education sector through strategic investments in digital infrastructure, innovation and digital skills development as it moves to establish a collaborative partnership with the Federal University of Environment and Technology (FUET), Ogoni, Rivers State. The commitment was made during a courtesy […]

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