E-Business
FG Launches Strategy to Combat Cyber Crimes

Federal government has expressed concern over the rising wave of the activities of cyber criminals, which is giving his administration some concerns.

President Muhammadu Buhari stated this at the launch of the National Cybersecurity Policy and Strategy 2021 in Abuja that the growth and development of the internet had caused a rise in the threats posed by cyber criminals, online financial fraudsters and cyber terrorists.
He added that like several other countries, the growth and development of the internet is accompanied by significant problems.
He said: “We are witnessing a rise in threats posed by cybercriminals, online financial fraudsters, and cyber terrorists who use the Internet to cause apprehension. We are also observing a surge in the use of the internet and social media for the propagation of hate speech, fake news and seditious messages, as well as the risks of breaches to personal information and government sensitive data. It is almost impossible to overstate the challenges.”
According to him, Nigeria is blessed with a young and vibrant population, which has the potential to exploit the benefits of the current internet revolution to enhance the nation’s economic progression and improve national security.
He stated that the country is also witnessing a rapid surge in its adoption of the internet and social media for almost all aspects of its daily life, adding that the internet or cyberspace is now central and indispensable to national development.
The president said it was because of the importance of the internet that his administration in the recent past had focused its efforts on several Information and Communications Technology (ICT)-driven initiatives.
He listed some of the ICT initiatives to include the National Broadband Plan (NBP) 2020 – 2025 launched in March 2020 to increase internet broadband penetration across Nigeria, the National Digital Economy Policy and Strategy 2020-2030, the National Identity Programme, Treasury Single Account (TSA), and Bank Verification Number (BVN).
Buhari explained that all the initiatives serve as enablers for tackling economic and security challenges facing the country while also providing it with the platform to improve accountability and transparency in the unwavering resolve to tackle corruption.
According to him, the federal government has been proactive, over the past years, in taking steps to ensure progressive use of the internet and cyberspace.
“In 2014, we developed our maiden National Cybersecurity Policy and Strategy to provide us with the necessary roadmap for the realisation of our national cybersecurity programme. This national effort paved the way for Nigeria to reach numerous cybersecurity milestones over the past six years,” he said.
Buhari added that the need to reposition the nation for enhanced engagement in cyberspace, informed the need to review the National Cybersecurity Policy and Strategy 2014 and develop a comprehensive National Cybersecurity Policy and Strategy 2021.
“The National Cybersecurity Policy and Strategy 2021 will provide us with the necessary platform to effectively confront the dynamic nature of threats in our cyberspace. The document will also provide the framework that would enable us to harness the efforts of our private sector, academia, and industry towards progressive economic and national development.
“To this end, the document will provide the platform for technical education, digital skills acquisition and indigenous technology production, thereby creating job opportunities for our youths and supporting our resolve to alleviate poverty and boost our economy,” he stated.
Buhari said the National Cybersecurity Policy and Strategy 2021 signified the rejuvenation and renewal of his promise and commitment to Nigeria’s national security and economic prosperity and it would ensure that his administration would prioritise Nigeria’s national cybersecurity programme, among other national exigencies.
He commended the efforts of Major General Babagana Monguno (rtd), National Security Adviser (NSA) and his staff as well as other stakeholders for “the remarkable work in developing the document and contributions towards strengthening the development of cybersecurity in Nigeria.”
He urged the NSA to continue to coordinate the efforts of all stakeholders to ensure that Nigeria’s internet and cyberspace are used for the enhancement of national security and economic progression.
Earlier in his remarks, the NSA had said that with the surge in digital transformation, the country’s cyberspace had become a centre-stage for governance, new business innovations, communications and social interactions.
Monguno said this trend had created an opportunity for Nigeria to redefine national objectives and address some of the major developmental challenges currently facing it.
According to him, the cyber revolution also creates the nexus for the country to effectively synchronise the efforts of security and law enforcement agencies towards curbing crime, irregular migration, human trafficking, and arms proliferation among others.
It will also help to improve road safety and border security and enhance ongoing anti-banditry, anti-militancy and counter-insurgency operations.
“Our country is now confronted with increasing threats of cyber attacks on critical national infrastructure, including our telecommunications systems, banking platforms, military networks, transportation systems, national databases, and other critical assets in the country.
“Furthermore, we are witnessing a rise in the spread of fake news and hate speech over the social media, as well as propagation of seditious messages by subversive elements looking to disrupt the unity and wellbeing of the country. Some of these threats were exemplified during the recent events of October of last year.
“We are also currently seeing an escalation in online financial scams and fraud perpetrated by some nefarious individuals and groups within and outside the country which is persistently denting our international image.
“These issues brought to fore the dire need to develop proactive measures to enhance the security of our cyberspace,” he said.
Monguno said the new National Cybersecurity Policy and Strategy 2021 would “address the nation’s cybersecurity challenges, boost readiness for global cybersecurity collaborations, enhance national digital economic competitiveness, improve indigenous technology development, safeguard our critical national infrastructure, and ensure the protection of our cyberspace from cyber attacks, online fraud and other related illicit activities, including fake news and hate speech.”
E-Business
GenAI Adoption Among African workers Outpace Global Peers

Africa’s workforce is embracing artificial intelligence (AI) at a faster pace than global peers, but pressure is mounting for organisations to ramp up digital skills development as generative AI (GenAI) begins reshaping roles across industries.

This is according to PwC’s Global Workforce Hopes and Fears Survey 2025, which shows a continent ready for AI-enabled transformation, but facing a narrowing window to prepare, through skills development initiatives.
The survey, covering nearly 50 000 workers worldwide and 1 753 across South Africa, Algeria, Kenya, Morocco and Nigeria, finds that African employees are already integrating AI into daily operations.
Sixty-four percent of respondents in Africa used AI tools in the past year, compared to 54% globally, and the sentiment is overwhelmingly positive. While only 17% report using GenAI every day, confidence in its benefits is high: 76% believe GenAI improves work quality, and 72% expect AI-driven productivity gains within three years.
In SA, executives are even more bullish, as 91% say AI has already lifted both productivity and work quality — a signal that leadership is pushing harder toward AI-enabled ways of working, notes the survey.
However, this optimism is coupled with rising concern about future readiness. Only 35% of African workers believe their skills will still be relevant three years from now. With GenAI expected to affect nearly half of all job roles, PwC warns that the continent’s workforce risks falling behind unless organisations accelerate large-scale reskilling.
Despite the pressures, employees are not standing still. PwC notes that African workers outperform their global peers in proactive learning, recording 15% higher participation in skills-building and receiving 6% more support from managers. This indicates that both workers and immediate supervisors recognise the pace of AI adoption and are pushing to adapt.
PwC Africa people and organisation leader, Dr Dayalan Govender, says the moment calls for decisive leadership. Organisations, he argues, must integrate AI into workforce strategies, accelerate digital adoption, and expand upskilling programmes at scale.
“Africa’s workforce is optimistic and ready for change, but leaders must accelerate digital adoption and invest in future-ready skills to convert this optimism into sustainable growth,” he says.
Beyond the technology shift, the survey captures a workforce hungry for growth but constrained by financial pressure. Many employees are preparing to make career moves: 45% plan to request a raise, and another 45% aim for a promotion in the next year. Yet household financial stability remains strained, with only a third of respondents reporting any money left over for savings.
Still, Africa’s workplaces continue to show strong foundations of trust and purpose — elements PwC believes will be critical in navigating GenAI disruption. More than 55% of workers trust management, and two-thirds say their work feels meaningful, both above global averages.
With AI adoption rising and employees motivated to reinvent their careers, PwC warns that the coming years will determine whether Africa’s early optimism translates into long-term competitiveness as GenAI transforms the world of work.
The report calls for embedding AI into workforce strategies to bridge the gap between optimism and practical adoption, scaling upskilling initiatives to prepare for GenAI disruption, and fostering trust and psychological safety to retain talent and drive innovation.
“For employers, these findings are a stark reminder that they can and should do more to help workers understand, adopt, and embrace AI’s transformative power.
“Employers may need to pay special attention to entry-level workers, nearly a third of whom say they’re worried to a large or very large extent about AI’s impact on their future, even as they’re also curious (47%) and optimistic (38%) about its long-term societal effects,” notes the report.
E-Business
Nigeria Records Highest Weekly Cyberattacks in Africa — Report

Nigerian organisations are facing the highest volume of weekly cyberattacks in Africa, according to the newly released African Perspectives on Cyber Security Report 2025 by Check Point Software Technologies Ltd., a global leader in cybersecurity solutions.

The report revealed that Nigerian firms experience an average of 4,200 attacks per week, significantly higher than the continental average of 3,153 and 60 per cent above the global average of 1,963 attacks per organisation.
The findings highlight a sharp rise in attacks across Africa, driven largely by artificial intelligence-enabled threats.
Kingsley Oseghale, country manager for West Africa at Check Point, said attackers are increasingly using AI to automate phishing, impersonation, and cloud exploitation.
“AI has become part of the attack surface,” Oseghale said. “Attackers are using it to automate phishing and identity theft at scale. The only effective response is prevention-first security that combines visibility, governance, and AI protection.”
The report noted that cybercriminals are exploiting exposed identities and misconfigured systems to target critical sectors, including finance, energy, telecoms, and government.
Identity-led intrusions, AI-generated phishing campaigns, and multi-vector ransomware are on the rise.
Across the continent, Check Point identified key trends in different markets. Nigeria is experiencing business email compromise and cloud exploitation; South Africa faces rising ransomware, smishing, and botnet infections such as Vo1d and XorDDoS; Kenya has seen ransomware targeting critical energy infrastructure; and Morocco has experienced coordinated government and education-sector disruptions via DDoS and website defacement attacks.
The report highlights five major shifts shaping Africa’s cyber risk in 2025.
Traditional ransomware has evolved into data-leak extortion, AI-generated deception is widespread, and identity has emerged as the new security perimeter.
Weak cybersecurity, the report warned, can now affect international market access under regulations such as the EU’s NIS2 Directive, making digital resilience an economic necessity.
The study urged African businesses and governments to adopt prevention-first security strategies, including continuous risk assessment, regulatory readiness, and public-private collaboration.
Oseghale emphasised that, as AI reshapes operations, cybersecurity must shift from reaction to prediction.
“The real challenge is not adopting new technology but securing the trust that underpins it,” he said.
E-Business
Jumia’s Data Shows Nigerians Turning to Digital Retail to Navigate Inflation Pressures

As Black Friday 2025 unfolds across Nigeria, new insights from Jumia’s Q3 2025 financial results reveal that more Nigerians are relying on digital retail to navigate inflation and rising living costs.

The data points to a more deliberate, value-driven shopper, one using online platforms to stretch budgets, compare options quickly, and extract more value from each purchase.
Jumia reported a 30 percent year-on-year increase in physical goods orders, while Gross Merchandise Value for physical goods rose by 43 percent.
This stronger GMV growth highlights a clear behavioural shift: consumers are assembling higher-value baskets by combining essentials with premium or long-term household items. Online retail is serving as a tool for strategic planning, not just convenience.
According to Temidayo Ojo, Chief Executive Officer of Jumia Nigeria, Black Friday now plays a more critical economic role. “Households are using digital retail to defend purchasing power. They plan their lists, compare prices instantly, and rely on the reliability and convenience that e-commerce offers,” he said.
This year’s Black Friday trends show growing demand in categories that directly support daily living. Household essentials and FMCG products are seeing significant uptake as families stock up during price drops. Home and kitchen equipment is also experiencing stronger demand as shoppers prioritise practical, durable tools. Affordable fashion and beauty products are gaining momentum as discounts make them more accessible.
Consumer behaviour in the lead-up to the sales period further reinforces this shift. Jumia recorded a notable increase in “Add to Wishlist” and “Add to Cart” activity, signalling more planning and fewer impulse purchases. The gap between GMV and order growth indicates that customers are optimising baskets using bundles, vouchers, and promo combinations, behaviours uniquely suited to digital platforms.
With inflation intensifying the need for smarter buying, trust markers on Jumia, such as verified sellers, official brand stores, ratings, and clear return policies, are becoming more central to decision-making. Authenticity and durability now outweigh the appeal of the lowest price.
Jumia’s logistics footprint is making these benefits available nationwide. Its 30,000 sqm Isolo fulfilment centre, 480 pickup stations, and 62 logistics partners ensure that customers in secondary and peri-urban cities enjoy the same deals as those in major hubs, reducing travel burdens and adding financial value.
Overall, Jumia’s Q3 data and Black Friday trends show that Nigerians are turning to digital retail as a practical, strategic response to inflation, using e-commerce to manage budgets, preserve purchasing power, and make more informed buying decisions.
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