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Nigeria Loses N300m to Offshore gTLDs

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The registration of Nigerian websites in several generic top-level domains (gTLDs), such .org, .net, .com among others is costing the country over N300 million every year, according to Nigeria Internet Registration Association (NIRA).

Opeoluwa Odusan, chief operating officer, NIRA, said there are about 300,000 Nigerian websites registered on different generic top-level domains which are renewed with N1, 000 yearly.

Odusan,  noted that 90 percent of Nigerian contents are hosted abroad which results in capital flight.

Adding that, NIRAN has simplified the process of registration on the country’s top-level domain name .ng through elimination of registrars.

He said that the direct registration system will commence tomorrow with a reduction in the cost to N15,000.

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Odusan spoke against the backdrop of the planned local internet content forum by Internet eXchange Point of Nigeria (IXPN), is collaborating with the Nigeria Internet Registration Association.

The two-day Forum with the theme: “Sustaining Local Internet Content, the way forward for Nigeria”, seeks to facilitate increased Nigerian content on the Internet, the hosting of such content, locally, and an increased adoption of .ng as the domain name of choice, particularly among Nigerians.

The LIC Forum 2013 is the maiden edition of a collaborative effort of IXPN  and NIRA targeted at tackling the challenge of a dearth of Internet content produced and hosted locally in Nigeria.

The statement also read: “The .ng is Nigeria’s unique identity on the Domain Name space, yet the predominance of the adoption of .com and .co.ukstill holds sway due highly to some misconceptions about the .ng country code Top Level Domain.

The Forum aims to address some of these misconceptions.

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“The Internet eXchange Point of Nigeria (IXPN) embodies the physical Network infrastructure that allows Internet Service Providers (ISPs), Telcos, Educational Institutions and other IP centric organizations to exchange data traffic between their respective networks. The key purpose of the IXPN is to allow networks to interconnect through the exchange, providing the necessary environment to keep local Internet traffic local, stable and reliable. In effect, the benefits to all the networks, operators and end-users are a reduction in costs, latency, and increased speed among others.

“Therefore, the purpose of the two-day Forum is to sensitize all stakeholders, key players in the sector and the general public on the significance of local Internet content, our nation’s identity on cyberspace, as well as the emerging relevance of local hosting of content which has a multiplier effect on the economy through capacity building, and job creation, just to mention a few”.

The agenda for the two-day event shall include the following: Infrastructure for Content Hosting, Cost of Local Fibre Infrastructure, Broadband Penetration, Content Provision and its Challenges, registrars challenges in hosting content locally, monetization of content among others.

The Forum will also afford a good opportunity for exhibitors especially ISPS and Telcos who may wish to leverage the event to showcase their services (Data Centres, Hosting Platforms, etcetera) relevant to the creation of local content and the hosting of local content locally.

Amongst other benefits, the Forum will also serve as a platform for networking as there would be discussion sessions to enable stakeholders share their individual and collective thoughts and experiences on producing and hosting local Internet content.

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Participants at the Forum will include Government MDAs, ISPs, Telcos, Registrars of NIRA,  Financial Institutions, Institutions of Learning, Bloggers, Various Professional and Trade Organisations, NGOs, Faith Based Organisations, the Print and Electronic Media, diverse categories of Content Producers, Authors/Writers and Publishers, and the interested public.


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E-Business

Extremist Groups Are Using Social Media to Recruit African Youth, New Report Warns

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Pan-African digital rights organisation Paradigm Initiative (PIN) has warned that violent extremist groups are increasingly exploiting digital platforms to recruit, radicalise and manipulate young people across the Sahel region.

Extremist Groups Are Using Social Media to Recruit African Youth, New Report Warns

The organisation raised the concern in a new policy brief titled “Digital Frontlines: Countering Online Radicalisation and Violent Extremist Narratives in the Sahel.”

According to the publication, extremist groups are shifting from traditional recruitment methods to digital platforms, including social media, encrypted messaging applications, short-form video platforms and online financial incentives, to target vulnerable populations.

PIN noted that unemployed youths and people facing insecurity and limited economic opportunities are particularly susceptible to online recruitment campaigns.

The organisation said that although governments have intensified efforts to combat violent extremism, responses to the digital dimension of the threat have failed to keep pace with rapidly evolving online tactics.

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It argued that addressing online radicalisation requires more than surveillance and restrictive measures, recommending investments in digital literacy, stronger community resilience, improved early-warning systems and credible counter-narratives.

PIN also urged governments to work closely with technology companies and civil society organisations to disrupt extremist recruitment while protecting citizens’ digital rights.

The report further highlighted the growing convergence between organised crime and violent extremist groups, noting that online propaganda increasingly promises financial rewards, belonging and purpose to vulnerable young people.

According to the organisation, this trend underscores the need for policymakers to prioritise prevention alongside conventional security responses.

Speaking on the findings, Moussa Waly SENE, Programmes Officer for Francophone Africa at Paradigm Initiative, described the digital space as a new frontline in the fight against violent extremism.

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“As more young Africans come online, stakeholders must ensure that digital platforms remain spaces for opportunity, innovation and civic participation, not recruitment grounds for violent extremist groups. Protecting digital rights and protecting vulnerable communities should be mutually reinforcing objectives,” he said.

Among its recommendations, the policy brief called for stronger regional cooperation to tackle cross-border online extremist networks, rights-respecting content moderation and greater accountability by digital platforms.

It also advocated expanded digital literacy programmes to strengthen resilience against online manipulation and community-led initiatives that empower young people to identify and reject extremist narratives.

The organisation further urged policymakers to develop security measures that balance national security objectives with the protection of privacy, freedom of expression and access to information.

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Kaspersky Reveals a New Malicious Framework Targeting Cryptocurrency Users with the Use of OkoSpyware

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At its recent annual Cyber Security Weekend for the Middle East, Turkiye and Africa (META) region, Kaspersky Global Research and Analysis Team (GReAT) shared insights about the new OkoBot campaign targeting cryptocurrency users.

The new sophisticated framework employs TookPS to exfiltrate seed phrases and uses a new OkoSpyware module to monitor Chromium-based browsers and deploy various malware strains, including the Rilide stealer.

It has already targeted hundreds of victims across over 25 countries, with the highest number of affected end users recorded in Brazil, Vietnam, Canada, Mexico and Turkiye. According to Kaspersky experts, the threat remains active and primarily poses a risk to cryptocurrency users.

In January 2026, experts from the Kaspersky Global Research and Analysis Team (GReAT)  identified multiple attacks involving a previously unknown malware capable of capturing the contents of cryptocurrency wallet windows. Dubbed Okobot, the new sophisticated malware framework comprises more than 20 malicious payloads and implants designed to perform a wide range of functions, including collecting local files, executing remote commands, downloading arbitrary browser extensions, stealing cryptocurrency wallets, harvesting seed phrases and credentials, recording video and carrying out other malicious activities.

One of the new implants used in the campaign is a loader that modifies browser memory to load and hide malicious extensions. OkoBot also includes a new OkoSpyware module, which captures keystrokes and the video stream of a target application’s window.

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Currently available information does not allow the campaign to be attributed to any known crimeware actor with high confidence. However, the techniques and infostealer involved are widely used by Russian-speaking threat actors, and technical analysis has also revealed code artifacts in Russian.

The initial infection typically occurs through two main vectors: ClickFix attacks, in which threat actors use social engineering to trick users into running malicious code, and malware distributed via GitHub under the guise of legitimate software. During the investigation, researchers identified one such case involving a fake installer for SQL Server Management Studio (SSMS), a widely used Microsoft database management tool.

The malicious framework includes SeedHunter, a malware component that monitors active system processes and injects an implant into Trezor Suite, Ledger Wallet, and Ledger Live, – official applications used to manage cryptocurrency assets. When it detects a connected Trezor or Ledger hardware wallet, it triggers the hooked functions to display a hard-coded phishing page aimed at stealing the user’s seed phrase, using a distinct layout for each wallet type.

“The OkoBot campaign has been active for more than a year and remained ongoing as of July 2026. The observed infection vectors strongly suggest that developers are among its primary targets. Of particular concern is the malware’s continued evolution, which indicates that the framework is being actively maintained. As distribution efforts persist, the campaign has the potential to reach more users and expand into additional countries in the near term,” says Dmitry Galov, Head of the Russia and CIS unit at Kaspersky Global Research and Analysis Team.

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Firm to recruit over 100 professionals to boost NRS e-Invoicing compliance

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Afri Invoice, one of Nigeria’s leading accredited e-invoicing service providers, has announced plans to recruit more than 100 professionals nationwide to strengthen support for the Nigeria Revenue Service’s (NRS) mandatory e-invoicing compliance programme.

The recruitment campaign, is aimed at expanding the company’s workforce to meet the growing demand for digital tax infrastructure and help businesses transition smoothly to the country’s evolving e-invoicing regime.

According to the company, the new positions will be spread across Nigeria’s six geopolitical zones to ensure businesses receive timely, localised support as they adapt to the new tax compliance framework.

The vacancies cut across several key departments, including Information Technology (IT), Marketing and Digital Marketing, Audit, Legal, Human Resources and multi-site office operations.

Afri Invoice said applicants are expected to possess relevant professional experience, particularly in managing operations across multiple locations and supporting organisational growth.

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The company explained that the latest recruitment drive builds on a similar exercise conducted last year, which significantly expanded its operational reach and increased its capacity to onboard clients nationwide.

With the NRS intensifying the implementation of mandatory e-invoicing, Afri Invoice said it is investing in additional manpower to ensure uninterrupted service delivery, efficient client onboarding and expert technical support for businesses of all sizes.

Speaking on the expansion, the Founder and Chief Executive Officer of Afri Invoice, Mark Odenore, said the company remains committed to helping Nigerian businesses comply with the new tax regulations through innovative technology and professional support.

“As the national drive toward comprehensive e-invoicing gathers momentum under the Nigeria Revenue Service, our mission is to ensure that Nigerian businesses have a reliable, accredited partner to navigate this transition effortlessly,” Odenore said.

He added that recruiting more than 100 professionals across the country’s geopolitical zones would significantly strengthen the company’s ability to provide quality technology solutions and customer support nationwide.
Interested and qualified candidates have been encouraged to submit their applications through Afri Invoice’s official careers portal.

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Afri Invoice is an accredited e-invoicing service provider that offers digital solutions designed to simplify financial processes, improve tax transparency and support businesses in complying with national tax regulations while enhancing supply chain and financial management.

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