E-Business
NiRA @10: Domain Name & the Growth of Nigeria’s Digital Economy

The Nigeria Internet Registration Association, (NiRA) in its 10th year anniversary has continued to emphasize on leveraging .ng domain name as part of indices to galvanise the nation’s digital economy.
Historically, NiRA was established on 28th March 2006 when stakeholders within the Nigerian Internet Industry got together to adopt its constitution, under the stewardship of an Interim Board of Trustees (iBoT).
The iBoT thereafter conducted an election that day, and the Pioneer Board of Trustees (BoT) was elected, with Dr. Isaac Odeyemi as the Chairman of the BoT. The current Chair of the BoT is Deacon Chima Onyekwere, OON.
The BoT thereafter conducted elections for the Pioneer Executive Board (EBoD), with the late Engr Ndukwe Kalu being elected as the Pioneer President of NiRA.
The late Kalu was succeeded by Mrs Mary Uduma, the immediate Past President who completed her term of office in 2015.
The current President of NIRA is Reverend Sunday Folayan.
Meanwhile, the transfer of the appropriate management of the .ng National Resource was coordinated by the National Information Technology Development Agency (NITDA) on behalf of the Federal government of Nigeria.
From inception, NiRA has been notable for broadening the scoop of digital economy which many presumed to imply the businesses conducted on the Internet.
In the 75th edition of the Association’s e-newsletter, Folayan identified that the digital economy is broader than this and represents the pervasive use of IT; hardware, software, applications and telecommunications, in all aspects of the economy, including internal operations of organizations: business, government and non-profit.
The Association rated domain name as one of the tools that have enhanced the growth of the digital economy.
“It has enhanced easy communication between the devices and the users. At the global scene, technology has become the major driving force for economic growth and the domain name system is one of the tools that have facilitated that growth.
“The digital economy, based on digital computing technologies, is developing in Nigeria. It is the single most important driver of innovation, competitiveness and growth, and it holds huge potential for Nigerian entrepreneurs and small and medium-sized enterprises (SMEs). The full implementation of the National BroadBand Plan is projected to enhance the Nigerian digital economy. We envisage very soon that more Nigerian enterprises would take full advantage of the new digital opportunities”.
Main Components Of Digital Economy Growth
Speaking further on the concept, he acknowledged that “Government policy and regulation are amongst the various components of digital economy. Other components include the Internet, and infrastructure such as electricity, the telecommunication industry, digital service providers, e-business and e-commerce industry, information and knowledge management systems, intellectual property rights, human capital and knowledge workers, research and development, and emerging technologies”.
“Based on the list above,” the NiRA said, “Nigeria and other African countries have to improve on these identified economic growth drivers at the global scene. We need to develop our local contents and drive the contents with our local resources. We can achieve this with increased investment in the domain name industry. We need to appreciate and utilize our .ng brand to reduce capital flight, encourage application designers and developers, website designers and developers and local content management”.
Also, Mrs. Edith Udeagu, chief operating office of NiRA recalled that in recent years, the concept of a digital economy has branched outside the commerce aspect of buying and selling electronic products online.
“Today, the idea also includes the use of virtual processes as part of the on-going operation of companies, the internal workings of governments, and the fast and efficient execution of transactions between businesses. As technology continues to advance, the digital economy is likely to continue expanding as a greater range of goods and services are offered online (electronically), allowing consumers to fulfil their needs and wants at an accelerated rate.
“Given its expected broad impact, traditional firms are actively assessing how to respond to the changes brought about by the digital economy. For corporations, the timing of their response is of the essence. Banks are trying to innovate and use digital tools to improve their traditional business. Governments are investing in infrastructure and e-government,” the COO explained.
NiRA further warned that businesses that fail to get digitally connected might become excluded from the global market.
“We can state that in Nigeria, a .ng domain name is veritable to start to commence an online business. NiRA the managers of the .ng country code Top Level Domain for Nigeria, through its accredited registrars offer exciting names. You can register your preferred .ng domain name. For more information on NiRA and its activities, please visit our website www.nira.org.ng,” the Association urged Nigerians.
E-Business
Nigerian Terra Industries Secures $11.8m for Expansion

Terra Industries, a Nigerian defence technology startup, has raised $11.75 million to expand its development of defensive systems that protect critical facilities across Africa.

The fundraising round was led by Silicon Valley venture firm 8VC, which was founded by Palantir co-founder Joe Lonsdale.
Other investors in the round include Valour Equity Partners, Lux Capital, SV Angel, and Nova Global, as well as African-focused funds Tofino Capital, Kaleo Ventures, and DFS Lab.
Terra Industries, founded in Abuja by Nathan Nwachuku and Maxwell Maduka, provides multi-domain security solutions for both air and land. Its solutions are intended to detect and respond to threats including terrorism, sabotage, and armed attacks on infrastructure.
The company’s product portfolio includes surveillance drones, ground-based robotic systems, and fixed monitoring towers deployed around sensitive locations.
Co-founder and CEO Nathan Nwachuku said the company has now fully embraced its identity as a defence-focused startup, citing the growing urgency of security challenges across Africa.
He said safeguarding critical infrastructure from terrorist threats has become unavoidable.
Nwachuku argues that protecting Africa’s infrastructure requires a different approach, one that combines local manufacturing, end-to-end system control, and software capable of independently identifying and responding to threats over large areas.
The company aims to position itself as a defence prime, similar to the role played by firms such as Anduril Industries and Palantir in the United States.
Nwachuku also disclosed that the company had earlier raised $800,000 in pre-seed funding.
With the new funding, Terra plans to increase manufacturing capacity within Africa, establish additional defence production facilities, and expand its artificial intelligence and software teams.
While software offices are planned for San Francisco and London, the company said manufacturing operations will remain on the continent.
E-Business
Kaspersky Warns Telecom Threats from 2025 will Carry into 2026 as New Technology Adds New Risk

Kaspersky Security Bulletin reviews what shaped telecom cybersecurity in 2025 and what is likely to persist in 2026. Advanced Persistent Threat (APT) activity, supply-chain compromise, DDoS disruption and SIM-enabled fraud continued to pressure operators in 2025, while newer technology deployments introduce additional operational risk.

In 2025, telecom operators faced four broad threat categories. Targeted intrusions (APTs) continued to focus on gaining stealthy access to operator environments for long-term espionage and leverage through privileged network positioning.
Supply chain vulnerabilities remained an entry point: telecom ecosystems rely on many vendors, contractors and tightly integrated platforms, so weaknesses in widely used software and services can provide a path into operator networks. Finally, DDoS remained a practical availability and capacity problem.
Kaspersky Security Network showed that last year, between November 2024 and October 2025, 12,79% of users in the telecommunications sector encountered web threats and 20,76% faced on-device threats. 9,86% of telecom organisations worldwide experienced ransomware.
At the same time, the telecommunications sector is moving from rapid technological development to broad implementation — and the report argues that this shift creates new opportunities and new operational risks for 2026.
Kaspersky highlights three areas where technology transitions could introduce disruption if rolled out unevenly or without strong controls: AI-assisted network management, where automation can amplify configuration errors or act on misleading data; post-quantum cryptography transitions, where rushed deployment of hybrid and post-quantum approaches could cause interoperability and performance issues across IT, management and interconnect environments; and 5G-to-satellite integration (NTN), where expanding service footprints and partner dependencies introduce new integration points and potential failure modes.
“The threats that dominated 2025 — APT campaigns, supply chain attacks, DDoS floods — aren’t going away. But now they intersect with operational risks from AI automation, quantum-ready cryptography, and satellite integration.
Telecom operators need visibility across both dimensions: maintaining strong defences against known threats while building security into these new technologies from day one. The key is continuous threat intelligence that spans from endpoint to edge to orbit,” said Leonid Bezvershenko, senior security researcher at Kaspersky Global Research & Analysis Team.
E-Business
Study Reveals 88.5% of Phishing Attacks Focus on Stealing Account Credentials

Kaspersky analysed phishing and scam campaigns observed from January through September 2025 and found that 88.5% of attacks globally sought credentials for various online accounts.

Another 9.5% targeted personal data such as names, addresses, and dates of birth, while 2% focused on bank card details.
According to data from Kaspersky, over 38 million phishing links were clicked in Africa in the previous year (from November 2024 to October 2025) – all of which were detected and blocked by Kaspersky solutions.
Not everyone uses protective solutions on their devices however, and phishing remains one of the most prevalent cyber threats, with attackers luring users to fake websites where they unwittingly surrender their login credentials, personal information, or bank card details.
Kaspersky research shows that most phishing pages transmit stolen information via email, Telegram bots, or attacker-controlled panels, before it enters underground resale channels.
Data stolen through phishing is rarely used only once: credentials from multiple campaigns are consolidated into data dumps and sold on dark web markets, in some cases for as little as $50. Buyers sort and verify the data to check whether accounts remain active and reusable across different services.
According to Kaspersky Digital Footprint Intelligence, average 2025 prices ranged from $0.90 for global Internet portals to $105 for crypto platforms and $350 for online banking access. Personal documents such as passports or ID cards sold for about $15 on average, with pricing influenced by account age, balance, linked payment methods, and security settings.
As datasets are enriched and combined, attackers can build detailed digital profiles that may later support targeted attacks on executives, finance staff, IT-administrators or individuals with valuable assets or personal documents.
“Our analysis shows that credentials account for nearly 90% of phishing attempts. Once collected, logins, passwords, phone numbers, and personal details are aggregated, checked, and resold, sometimes years after the initial theft.
Combined with new information, even old credentials can enable account takeovers and targeted attacks against both individuals and organisations.
By leveraging open-source intelligence and old breach data, attackers can craft highly personalised scams, turning one-time victims into long-term targets for identity theft, blackmail, or financial fraud,” said Olga Altukhova, senior web content analyst at Kaspersky.
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