African startups attracted $1.4 billion in venture capital funding in the first quarter of 2026 despite a sharp decline in deal activity. The surge came despite investors concentrating their bets on a smaller number of established companies, according to a new report by the African Private Capital Association (AVCA) released on Tuesday. The report, Venture Capital …
The Nigeria Data Protection Commission (NDPC) has announced the launch of a two-year data protection initiative supported by Meta Platforms. The initiative follows the resolution of regulatory proceedings over the company's data processing practices in Nigeria, according to the commission in a statement on Monday, June 8. The NDPC said the scheme, known as the …
The National Information Technology Development Agency (NITDA) has distanced itself from CPM fund recovery claims, warning Nigerians against further payments tied to what it suggested could be fraudulent activity. In a public disclaimer issued on Monday, NITDA said it received reports that affected users of the platform were told the system had been “hacked” and …
Nigeria’s two biggest telecom operators, MTN Nigeria and Airtel Nigeria, spent the last five years pouring billions into 4G, 5G, fibre networks and spectrum licences. The two giant telecoms companies also generated record revenues, driven increasingly by data consumption rather than traditional voice calls. However, across the same period, Nigerians continued to complain about dropped …
The National Information Technology Development Agency (NITDA) has raised fresh concerns over a dangerous artificial intelligence-powered malware known as DeepLoad. It said the cyber threat is actively targeting Nigerian businesses, government agencies, financial institutions, and individuals. NITDA issued the alert through its Computer Emergency Readiness and Response Team, CERRT.NG, and shared the advisory on its …
The Federal Government has intensified efforts to curb rising cyber threats with plans to establish a National Cybersecurity Coordination Council to protect Nigeria’s fast-growing digital economy. Minister of Communications, Innovation and Digital Economy, Bosun Tijani, who disclosed the initiative in Abuja on Wednesday, noted that it is part of a broader strategy to strengthen collaboration, …
Nigeria had been ranked among Africa’s top 10 countries on digital rights, but has dropped five places, weakening its position, according to the 2025 Londa Report released at the Digital Rights and Inclusion Forum (DRIF26) in Abidjan, Côte d’Ivoire. The report places South Africa as the leading country on digital rights for the second consecutive …
The Securities and Exchange Commission (SEC) on Tuesday launched its inaugural Regulator/Fintech Clinic to close regulatory gaps. The initiative is aimed at improving engagement with Nigeria’s fast-growing financial technology (fintech) sector and strengthening regulatory oversight. It is designed to align innovation with regulatory compliance while ensuring stronger investor protection across the country’s digital finance ecosystem. …
The Nigerian government has called on citizens to share their views on possible age limits and other measures to protect children on social media platforms. The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, announced the initiative on Tuesday. He called on parents, educators, young people and digital professionals to participate in a public …
MultiChoice has announced plans to shut down its streaming platform. Showmax after eleven years of operation. It revealed the decision in an email sent to subscribers on Thursday, hinting that the service is to be discontinued following a strategic review. “We’re writing to inform you of an important update regarding Showmax,” the streaming platform said …
