E-Business
The Value of Broadband Internet
In order for the country of Nigeria to become a significant contributor to the global economy, the connectivity issues that are prevalent in the more remote parts of the country ideally need to be addressed and resolved.
People that have access to pervasive broadbandhttp://mybroadband.co.za/news/broadband/10719-what-is-needed-for-pervasive-broadband.html are proven to directly influence a faster economic growth but in order for this to happen, the networks that provide the broadband coverage firstly need funding and building.
A broader coverage of networks would provide the general public with faster, widespread access to the Internet which in turn could become a platform for the development and growth of the Nigerian economy.
A Better Quality of Life
Pervasive Internet delivers such things as better quality education, healthcare information and employment opportunities which would enable citizens to improve their standards of living.
In regards to education, having access to the Internet for citizens in more remote locations would allow the potential for high quality, distance learning which would improve the value of students in the employment sector.
Cooperation between Nigerian universities and foreign institutions could also be encouraged, forging essential links to other educational establishments that could also be beneficial to the growth of the economy.
Conversely, highly qualified retired professionals (teachers, doctors, scientists) could impart their knowledge over the Internet to willing students from isolated locations, at no significant cost to themselves.
Similarly for healthcare, professionals can provide the public with information that people in the more remote areas of Nigeria would not previously have had access to, benefitting the healthcare services across the country.
The Need for Investment
Despite the introduction of new broadband cable http://www.budde.com.au/Research/Nigeria-Broadband-and-Internet-Market-Digital-Economy.html networks over the past few years, the coverage tends to be limited to the more densely populated areas of the coastline, with undersea cable networks laid near the coast, whereas the hinterlands must tolerate restricted access while the infrastructure cannot support the extension of the networks.
Furthermore, the price of broadband internet http://www.money.co.uk/broadband.htm has not become more accessible to promote increased usage, as might have been expected, meaning it is still largely out of reach for the greater part of the Nigerian population.
Building such a network would require a huge investment, which is why investors are unwilling to spend in to something that doesn’t have a short-term profit return.
Without the willingness of financial investors to advance the provision of a broader service, and without the stimulation of competition in the marketplace, something which the Nigerian market really needs for prices to be able to be reduced, the prices will remain high and inaccessible to the majority of citizens.
The Vision of the Future
Electronic-commerce and electronic payment schemes are made possible and are encouraged with the provision of accessible, affordable, high speed broadband Internet and with the extension of these networks, this could become available to those who reside in the more remote parts of Nigeria as well.
The Nigerian Communications Commission
Omobola Johnson, Minister for Communications Technology has also promised to help the development of the infrastructure in order to increase the number of Internet users in Nigeria to 70 million by 2015. At the moment, out of 40 million Nigerians with access to the Internet, only around 3% have access to the higher quality broadband, and this 3% tends to be the higher socio-economic groups of citizens.
She also aims to promote investment into skills that are required to power the emerging industry and provide ‘digital havens’, places where the public can go to connect to the global network.
In India, the ICT sector contributes up to 6% of its nation’s GDP, whilst Nigeria’s currently makes up 3.5%. By 2015, this is hoped to be raised up to 5%.
Expansion of the Market
After the arrival of fibre-optic broadband in Nigeria in 2010 and 2012, additional cable networks are expected to be launched in 2013 and 2014 to further provide Internet to remote areas.
Due to this expansion of the market, the price of international broadband internet could be seen to drop by up to 90%, making it much more accessible.
The economy in Nigeria is beginning to rapidly evolve, in turn promoting the application of e-commerce, e-learning, e-health and online banking.
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.
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