E-Business
…That Nigerian Start-ups May Survive

Start-ups in Nigeria have always been viewed as veritable vehicles for kick-starting and sustaining technological advancement in the country.
How has these start-ups fared in Nigeria in terms of being empowered to achieve this? I recently had a robust discussion with Mohammed Mega, the Founder of start-ups in Nigeria.
Mohammed is a foremost tech start-up motivator in Nigeria.
On why he it is so difficult to be a start-up in Nigeria, Mega is of the opinion that the government is not encouraging start-ups enough in Nigeria because so many of them struggle in the system.
This is due, for instance, to lack of government patronage of these start-ups for local content that can assist them to grow. He opined that many start-ups, such as Vougepay, decided to look for support outside the country when support is not coming from within, hence, this high level of struggle to survive by start-ups in Nigeria. Jega is, however, optimistic that, if the government creates the enabling environment, start-ups in Nigeria will thrive.
Responding to a question on what constitutes enabling environment for start-ups to survive, Mega stated that these includes encouraging solutions, ideas and innovations that are coming up.
In our Clime, however, he noted that our young start-ups bring forth solutions, ideas and innovations but they are not encouraged as they are always looking for capital to drive their start-ups.
Government, he said, needs to go out there and identify these talents that are scattered all over the country and support them, domesticate their solutions, link them with the ecosystem that can assist them and turn their start-ups to global solutions. For Mega, looking inwards is the at for the government to go in order to achieve local content input.
On where he is going with ‘Start-up Arewa’, Jega stated that his goal is to identify talents, build capacity and mentor them from the ideas stage through to start-up and incubation stages as well as assist them to become blue chips.
He stated that Start-Up Arewa is in partnership with sine Hubs in Abuja and across the Northern part of Nigeria to serve as breeding grounds for these identified start-ups. The outfit, Jega further said, is interested in seeing that these start-ups acquire the technological depths to become developers, programmers as well as come up with ideas.
This is because, if properly managed, these young start-ups can come up with solutions to solve our day to day problems.
To stem the challenges of not making profit by most start-ups, Jega said Start-Up Arewa is in collaboration with stakeholders that are already successful within the ecosystem that can support these start-ups and show them the way to go.
He stated further that hardcore developers were also brought in from Lagos to teach these start-ups on the right tools to use so they can be sustainable.
Regarding the current high rate of unemployment in the country today, Jega is of the view that technology can play a prominent role in stemming and reversing the scourge because, every young person is passionate about technology and people cannot do without technology today.
Government, he said, should use this knowledge to help the youths by teaching them how to develop apps, write programs, etc., so that they can deliver the ideas and solutions to solve our everyday problems.
On what support pillars he would like to see for the tech ecosystem to be sustainable and to help it grow beyond our wildest imagination, Jega posits that it still boils down to the government taking the initiative by looking inwards to help develop the tech ecosystem to grow, especially at the grassroots level.
The government, he also said, should look out for local stakeholders and plug in to their platforms and networks to solve our everyday problems. This way, he said, the government will be patronizing local content. On a final note, he is of the opinion that government should assist start-ups in raising capital through institutions such as the NIPC and the Bank of Industry, so that they can have funding for developing prototypes that can solve problems.
CFA is the Founder, www.CFAtech.ng & Co-producer/Presenter,Tech Trends on Channels Television
E-Business
NITDA Warns Nigerians of Actively Exploited Microsoft Office Vulnerability

National Information Technology Development Agency (NITDA) has issued an urgent cybersecurity warning about a serious Microsoft Office vulnerability (CVE-2026-21509) that attackers are actively exploiting.

This advisory, shared through Nigeria’s Computer Emergency Response Team (CERRT.NG), highlights the risks of this flaw and recommends immediate action to protect systems.
Microsoft has released quick security updates to fix this vulnerability, which has a severity score of 7.8, showing it is a serious risk. Attackers have already used it in targeted attacks.
CVE-2026-21509 affects multiple versions of Microsoft Office, including Office 2016, Office 2019, Microsoft 365 Apps, Office 2021, and later versions.
This flaw allows attackers to bypass security features meant to stop harmful Object Linking and Embedding (OLE) controls. OLE is an older Microsoft technology that can be used to embed links or content, but it has often been exploited by malware.
By exploiting this flaw, attackers can create specially designed Office documents.
When a user opens these documents, they can run malicious code or gain further access to the system.
Exploitation requires user interaction, meaning attackers often trick people into opening harmful Word, Excel, or other Office documents. Common methods include using email attachments or files from untrusted sources.
Because Microsoft confirmed that the vulnerability is being actively exploited, they have made emergency security updates available outside their usual schedule. Users and organisations should:
- Install the latest Microsoft Office security updates for all affected versions.
- Restart Office applications for Office 2021 and later to ensure that the updates take effect.
- Use registry-based settings for protection if updates can’t be applied right away.
- Follow good cybersecurity practices, like using endpoint protection and filtering emails.
Microsoft’s updates for Office 2021 and newer versions are automatically applied, but need a restart of the applications to be active.
E-Business
NDPC Investigates over 1,000 Schools over Data Privacy Compliance

Nigeria Data Protection Commission (NDPC) has commenced an investigation into over 1,000 education institutions across the country over compliance with the Nigeria Data Protection Act (NDP Act), 2023.

The move affects federal, state and private universities, polytechnics, colleges of education and technical colleges, marking one of the largest sector-wide compliance checks since the enactment of the law.
In a public notice issued on Thursday by Babatunde Bamigboye, head, Legal, Enforcement and Regulation, the Commission said the probe forms part of its ongoing sector-by-sector enforcement drive aimed at safeguarding the fundamental rights and freedoms of data subjects, as well as strengthening the legal foundation of Nigeria’s digital economy through the trusted use of personal data.
The NDPC directed the affected institutions to submit, within 21 days, evidence of filing their 2024 Data Protection Compliance Audit Returns, proof of designation or appointment of a Data Protection Officer including relevant contact details and a summary of technical and organisational measures adopted to protect personal data within their establishments.
It also requested evidence of registration as a Data Controller or Processor of Major Importance as required by law.
The Commission warned that failure to comply with the notice may result in the issuance of enforcement orders, imposition of administrative fines and possible criminal prosecution in accordance with the provisions of the NDP Act, 2023.
It stressed that compliance is mandatory and not optional for institutions that process large volumes of personal data
The education sector remains one of the biggest handlers of sensitive personal information in the country, including students’ academic records, admission details, biometric data, financial information and staff records.
With increasing digitalisation of admissions, online learning platforms and electronic documentation systems, concerns over data breaches and weak privacy safeguards have grown in recent years.
The Commission maintained that the investigation is in line with its statutory mandate under relevant sections of the Act empowering it to monitor, investigate and enforce compliance across sectors.
E-Business
Chams Carves Out Subsidiary to Support Africa’s Digital Transformation

Chams Holding Company Plc, (Chams Holdco), digital payments and verification firm, has created a new subsidiary which is expected to strengthen the push for Africa’s digital transformation.

The creation of the new subsidiary, ChamsCorp Plc, which took effect from February 1, was made known in a filing to the Nigerian Exchange Limited , according to an announcement.
Chams said that the new subsidiary, which is its 5th, will give a new dimension to its more than 40 years of work in building the digital ecosystem not only in Nigeria, but across the continent and the rest of the world.
The newly created company will focus on three major aspects, namely the manufacturing of digital devices and development of digital infrastructure and services; data center design, construction and operations, and the development and implementation of AI infrastructure and intelligent systems.
It will also contribute to its parent company’s digital ID, digital verification, and trust services offering.
“For nearly four decades, we’ve enabled trust in transactions and identity. Now, we go furthe”
Chams is expanding into AI, data centre infrastructure, and intelligent systems, building the backbone for Africa’s digital transformation,” the company wrote in a LinkedIn post.
“We are not just participating in the future. We are engineering it,” the message added.
According to the Chams announcement, a decision of its Board of Directors appointed members of the pioneer board of ChamsCorp Plc, with renowned banker Mohammed Bashir Yunusa designated as Chairman.
He is described as a well-known finance expert who specializes in deal structuring, corporate and retail finance, business strategy, digital transformation, and Islamic Finance and Banking.
With more than 10 years of experience in the financial services industry, Yunusa currently serves as head of Consumer and Digital Banking for Non-Interest Banking Retail at Sterling Bank Nigeria, and will also serve as a non-executive director on the board.
“Chamscorp is designed to take our most ambitious ideas to market at speed and scale. As Africa’s digital economy evolves, we are focused on delivering transformative solutions that empower governments, businesses, and citizens alike,” Femi Oyenuga, CEO, Chams, commented on the development.
Chams has over the years played a major role in contributing to Nigeria’s digital ID ecosystem development to facilitate access to financial services.
In 2023, the company Group Chairman publicly stated that in providing such digital services to the Nigerian government, it had incurred debts estimated at $100 million and were planning to change their business model as a result.
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