E-Business
NITDA Identifies Stiff Competition with Foreign Software as Bane of Indigenous Software

The National Information Technology Development Agency (NITDA) has identified stiff competition from foreign developers as the bane of software development in Nigeria.
The agency, which is responsible for the regulation and development of the information technology in Nigeria, said “off-the-shelf software” from foreign developers deny local producers the opportunity to grow.
NITDA’s director general, Isa Ibrahim, who stated this in Abuja on Tuesday said his agency is working to change the situation by evolving software testing and information system security best practices.
Speaking while opening a stakeholders’ engagement for the review of the Guidelines for Information Systems Audit and Nigeria Software Testing Guidelines, he said the local industry is not reaping the growth in IT investment.
The director general was represented at the event by Vincent Olatunji, NITDA’s director of e-Governance and Regulatory.
“The acquisition of technology-driven solutions to drive growth in the public and private sectors has continued to increase in Nigeria.
“The indigenous software market has not been left out of this growth trend, but continues to suffer stiff competition from foreign off-the-shelf software used to meet local needs, where indigenous software could have provided the appropriate solutions,” he said.
Quoting unnamed industry analysts, the NITDA DG said the trend has affected the growth of the local software sector, “which by now should be in excess of probably $10 billion annually if well harnessed”.
He attributed the low patronage of local developers to quality assurance challenges.
Mr Ibrahim said the two new regulatory documents will help in addressing some of the challenges.
“The Nigerian Software Testing Guidelines (NSTG) is developed on the premise that mitigating software vulnerability risks through the promotion of structured software testing practice for safety and quality of software development will create the enabling environment for growth of the indigenous testing sector in Nigeria,” he said.
“The Cyber Security Experts Association of Nigeria (CSEAN), has estimated that Nigeria loses about N127 billion to cybercrimes yearly. This is caused in part by our inability to adequately secure our Information Systems. Therefore, securing our information systems is a must if we want to guarantee the safe delivery of our services.
The proposed Guidelines for Information Systems Audit by the Agency is one of the tools to guarantee this safety.”
He said since coming to office, NITDA, under his leadership, has come up with a number of subsidiary legislations and regulations to enhance the productivity of the industry.
“For instance, in 2019 alone, I had launched and signed off five regulatory instruments and we have presented five additional documents to stakeholders for inputs and contributions.
“All these instruments were issued to address various challenges facing us as a nation,” he said.
In his review of the guidelines, Churchill Aribodor, an IT consultant, said the regulations developed by the agency are needed to tackle “the dark side of ICT”.
He said the new regulations will ensure tightened security, provide confidentiality and protect data systems from havoc.
Mr Aribodor said the news internet security guidelines will provide an improvement on the level of information security, avoidance of improper information security, ensure effective of control and safeguard access, and maintain key data and system attributes.
E-Business
Nigeria Targeted with 4,622 Cyber-attacks Per Week in December 2025

In December 2025, organisations globally faced sustained cyber pressure, as the average number of cyber-attacks per organisation per week reached 2 027, a 1% increase from the previous month and a 9% increase from December 2024.

This is according to December 2025 Global Cyber Attack Statistics by Check Point Research, the threat intelligence arm of Check Point Software Technologies.
According to the statistics, Latin America was the hardest hit, with companies experiencing an average of 3 065 cyber-attacks per week, a 26% year-over-year increase.
In contrast, Africa saw a decline in attacks, with Nigeria (4 622 attacks per week) and Angola (4 002 attacks per week) being the most targeted countries on the continent.
The report’s findings highlight the evolving cyber threat landscape, with ransomware and GenAI-driven data risks posing significant challenges to companies worldwide.
Ransomware attacks jumped 60% year over year, with 945 publicly reported incidents in December. Qilin was the most active ransomware operator, responsible for 18% of publicly disclosed attacks.
“Ransomware continues to scale through industrialised operations, while unmanaged GenAI usage is creating widespread data exposure at enterprise level,” said Omer Dembinsky, data research manager at Check Point Research.
The report noted the education sector was the most targeted industry globally, with 4 349 cyber attacks per week; followed by government (2 666 attacks per week); and associations and non-profits (2 509 attacks per week).
The widespread adoption of GenAI tools has introduced new cyber security risks, with one in 27 GenAI prompts posing a high risk of sensitive data leakage.
Experts warn that companies must prioritise prevention-first security, real-time AI threat intelligence and strong governance over AI tools to mitigate these risks.
Hendrik de Bruin, head of security consulting at Check Point Software, added: “Strengthening ransomware resilience, deploying AI-powered prevention and enforcing clear GenAI governance will be critical to reducing cyber risk in the year ahead.”
E-Business
Half of Global Companies Build SOCs to Enhance Cybersecurity, with a Focus on Human Expertise

Among the primary reasons for establishing a Security Operations Center (SOC) are strengthening cybersecurity posture, enabling faster detection and response and gaining a competitive edge.

Interestingly, despite the increasing demand for automated cybersecurity solutions, businesses rely on skilled security professionals to make key decisions, as human expertise remains essential for effective security management.
A Security Operations Center (SOC) is a dedicated organisational unit responsible for continuous monitoring and safeguarding of a company’s IT infrastructure. Its core mission is to proactively detect, analyse and respond to cybersecurity threats.
To identify the main drivers, strategic priorities, and potential challenges in SOC planning and implementation, Kaspersky has conducted a comprehensive global study involving senior IT security specialists, managers and directors from companies with 500 or more employees.
All participants operate without a SOC but have plans to establish one in the near future. The study spans 16 countries across APAC, META, LATAM, Europe, and Russia, providing valuable insights into the emerging trends and best practices in SOC development worldwide.
The findings of the research reveal that 50% of companies intend to establish SOCs to strengthen their cybersecurity posture, and 45% are motivated by the need to address increasingly sophisticated and dangerous threats.
Other drivers include budget optimisation, the necessity for faster detection and response, and the expansion of software, endpoints and user devices – factors that demand more comprehensive and layered security measures.
These are cited by 41% of organisations. Additionally, 40% seek better protection of confidential information, 39% aim to meet regulatory requirements and one-third (33%) expect SOC capabilities to provide a competitive edge. Larger enterprises tend to cite each of these reasons more often, reflecting the broader operational and regulatory pressures they experience.
Continuous monitoring becomes the leading SOC requirement
Among the key functions organisations plan to delegate, 24/7 security monitoring leads at 54%. This around-the-clock vigilance enables early detection of anomalies, prevents escalation and sustains cyber resilience in real-time. This demand highlights a strategic requirement for proactive risk management, as organisations aim to defend against persistent threats that can strike at any moment.
Companies intending to fully outsource SOC operations show a stronger interest in applying “lessons learned” methodologies, whereas those developing internal SOCs focus more on access management to maintain tighter control.
Human expertise drives SOC technology choices
While SOCs use advanced technology, the choices made by organisations show that human analysts are very important. Among the solutions that organisations plan to include in SOC are – Threat Intelligence Platforms (48%), Endpoint Detection and Response (42%) and Security Information and Event Management systems (40%) – sophisticated solutions that automate data collection and reduce operational load, however, they depend heavily on skilled security professionals who provide critical context, interpret complex findings and make final decisions when guiding appropriate responses.
Other solutions chosen include Extended Detection and Response (38%), Network Detection and Response (37%) and Managed Detection and Response (33%). Large enterprises tend to adopt more technologies (5.5 per SOC on average), while smaller ones integrate fewer (3.8).
“To successfully build a SOC, companies must prioritise not only the right mix of technology but also the careful planning of processes, clear goal-setting and effective resource distribution.
“Well-defined workflows and continuous improvement are essential to ensure that human analysts can focus on critical tasks, making the SOC a proactive and adaptable component of their cybersecurity strategy,” comments Roman Nazarov, Head of SOC Consulting at Kaspersky.
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.
General News2 days agoPalmPay, Premier Cool to Reward 10,000 Nigerians with ₦100m in “10k for 10k Campaign”
E-Financial2 days agoEcobank Joins Trillion-naira Club for the First Time in 20 Years
E-Business2 days agoKaspersky Warns Telecom Threats from 2025 will Carry into 2026 as New Technology Adds New Risk
E-Business2 days agoNigerian Terra Industries Secures $11.8m for Expansion
E-Financial1 day agoAngst as FG Demands 7.5 Percent VAT on Mobile Bank Transfers, USSD
Telecom2 days agoSHELT Named in Prestigious 2025 MSSP 250 List for Cybersecurity Excellence
News1 day agoMoniepoint Launches Second Cohort of DreamDevs Initiative to Double Down on Africa’s Tech Talent Pipeline
E-Business1 day agoHalf of Global Companies Build SOCs to Enhance Cybersecurity, with a Focus on Human Expertise



















