Nigeria’s fast-growing digital payments ecosystem is increasingly vulnerable to cyber threats, with cybersecurity expert and Chief Visionary Officer of Digital Encode, Prof. Adewale Peter Obadare, warning innovators and financial technology operators that neglecting cybersecurity in pursuit of rapid market expansion could undermine financial inclusion and public trust. Presenting a keynote […]
CYBER SECURITY
Stakeholders at the Payment Forum Nigeria 2026 have emphasised the need for robust and reliable payment infrastructure to drive financial inclusion, particularly among small businesses, merchants, and agents. Speaking at the forum, David Ijaola of TeamApt, a subsidiary of Moniepoint Inc., said payment systems must be “reliable, reachable, and relevant” […]
The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have formalized a strategic partnership through the signing of a Memorandum of Understanding (MoU) aimed at enhancing consumer protection, curbing fraud, and unlocking greater value across Nigeria’s telecommunications and financial ecosystems. As part of the agreement, both institutions […]
Pursuant to Section 46(3) of the Nigeria Data Protection Act, 2023 (NDP Act), the Nigeria Data Protection Commission (NDPC) has initiated an investigation into the reported data breach at the Corporate Affairs Commission (CAC). This investigation underscores the importance of fostering trust in Nigeria’s economic environment. The NDPC notes with […]
The Nigeria Data Protection Commission (NDPC) hereby issues this regulatory advisory to all Data Controllers and Data Processors in response to the escalating threat to data security infrastructure. The Commission’s technical assessment indicates that some shadowy threat actors have engaged in coordinated operations targeting financial systems and some key digital […]
In a recent press statement, the Honourable Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, the Federal Government has signalled its intention to work collaboratively with the private sector and key stakeholders towards the establishment of a Cybersecurity Coordination Council. This initiative is aimed at strengthening Nigeria’s collective […]