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Twitter Ban: Nigeria’s Once Booming Tech Community Now in Shock

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The government’s sudden ban of Twitter could jeopardise one of the country’s most promising industries, according to Mail & Guardian.

Twitter Ban: Nigeria’s Once Booming Tech Community Now in Shock

Africa’s biggest startup story in 2020 was the acquisition, by US company Stripe, of Paystack —  an electronic payments processor that was founded in Lagos in 2015.

Valued at about $200-million, it was a landmark deal for Nigeria’s booming tech community.

A hunt for more Paystacks has ensued among local and international investors. They are worried about missing out.

With broadband penetration rising from less than 20% five years ago to more than 40% since May 2020, Nigeria’s information and communications technology sector is the fastest growing in the country, rising 6.31% in the first quarter of 2021.

The importance of this sector is only increasing, given the negative economic effects of the Covid-19 pandemic on Africa’s largest economy, and the pressing need to diversify away from oil revenues.

Such metrics, including the fact that 81% of Nigerian adults own cellphones, encourage investors to part with even more unprecedented million-dollar checks, like the $10-million raised by digital bank Kuda at seed stage last November.

The appetite and tolerance for tech enterprise in Africa’s most-populous country has never been so high.

But this burst of energy and innovation is facing a familiar foe: the Nigerian government.

Last week, the federal government banned Twitter — one of the biggest social-media platforms in the world. The ban came after Twitter deleted a tweet issued from President Muhammadu Buhari’s account, saying that it amounted to a threat of violence. Businesses and media organisations in Nigeria have been instructed to delete their Twitter accounts, and ordinary citizens risk arrest for using the app.

The Twitter ban comes just six months after another major shock to the local tech industry, when the Central Bank of Nigeria ordered banks to stop enabling cryptocurrency transactions.

Suddenly, Nigeria is losing its appeal for tech investors.

“The truth is that regulatory risk has been the chief concern for us investors for a while,” Tokunboh Ishmael, a former board chair at the Africa Venture Capital Association, told The Continent.

Through Alitheia Capital, an investment firm, she has helped to fund Nigerian startups, including Paga, MAX and Lidya. In each case, “regulatory risk has factored high in our risk matrix”.

For Nigerian startups, this means that they need to offer investors a higher return on their investment than in more stable markets, Ishmael said.

Tayo Oviosu, who founded Paga in 2009, says a handful of investors have mentioned regulatory risk as their reason for not investing in the mobile-payments company, but such occasions have been rare in the past.

“That said, all investors consider the macroeconomic situation of any country they invest in, particularly if investing in a regulated sector.”

Operating costs

The Twitter ban will not only make it hard for Nigerian tech companies to raise money; for some of them, it will also make it difficult to operate. With its estimated two million users in Nigeria, Twitter is an important platform for businesses.

Eloho Omame, founding chief executive of Endeavor Nigeria and co-founder of a new firm aiming to fund female-focused startups with $25 000 seed money, said Twitter has been “essential as a touchpoint” with the founders and startups it serves.

Her firm, FirstCheck Africa, is essentially a startup in need of a platform to tell its story and gain traction with the women who could found Africa’s next big thing. “A not-insignificant part of our investment pipeline relies on outreach on Twitter and a lot of our hiring is done via Twitter. The ban has disrupted all of that. None of the alternatives are as efficient.”

Twitter has become a customer-service-management platform for new startups looking to be lean and nimble. Part of the success of Piggyvest, a popular savings app, is that it went from zero to 450 users in a year with next to nothing spent on marketing, relying on Twitter for customer acquisition.

With the ban, startups have pushed notifications explaining that Twitter support is now deactivated.

An email from Fairmoney, a digital bank, offered a phone number, an email and a Facebook page as alternative customer-service channels. Risevest, a stock-trading app, included Instagram among its alternatives. Henry Mascot, founder of Curacel — which provides fraud-detection technology for insurance companies — says the company has had to hire a new team outside Nigeria to manage its Twitter feed. That means more spending.

Staying hopeful

Mascot says it’s too early to know how bad the effect of the ban will be. His investors, who helped Curacel raise $450 000 this March, are in for the long run, but he is concerned about the message to the broader ecosystem of investors.

Oviosu, the Paga chief executive, is optimistic and says investors will observe the Twitter ban as an isolated issue and won’t be deterred from the market. Victor Basta, managing partner of Magister Advisors, which has advised on multimillion-dollar deals in Africa, sees the negatives of a social-media ban but doesn’t expect spillovers to fundraising work. “We have multiple deals ongoing with Nigerian companies and we see no backlash from this step.”

But in the present, founders and investors agree that a continued pattern of arbitrary regulatory changes is sending the wrong signal to people considering Nigerian startups as a destination for their capital.

“A government that’s consistently hostile to technology sends a message that its economy is less credible as a destination for important future-focused investments of time and money,”  Omame says. “We’re competing for talent and capital with ecosystems all over the world and we’re even further on the back foot.”


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E-Business

NITDA Warns Nigerians of Actively Exploited Microsoft Office Vulnerability

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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.

NITDA Warns Nigerians of Actively Exploited Microsoft Office Vulnerability

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:

  1. Install the latest Microsoft Office security updates for all affected versions.
  2. Restart Office applications for Office 2021 and later to ensure that the updates take effect.
  3. Use registry-based settings for protection if updates can’t be applied right away.
  4. 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.


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NDPC Investigates over 1,000 Schools over Data Privacy Compliance

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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.

NDPC Investigates over 1,000 Schools over Data Privacy Compliance

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.


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Chams Carves Out Subsidiary to Support Africa’s Digital Transformation

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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.

Chams Carves Out Subsidiary to Support 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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