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Help! Cyber Terrorists Everywhere
Cyber criminals pose direct threat to security and play increasingly important role in facilitating most forms of other organised crimes and terrorism.
And God forbids! Any cyber attack on Nigeria’s critical infrastructure will shut down the country because she lacks any form of protection.
Recall the cyber-attack that paralysed computers of South Korean television channels and crippled the network of the country’s largest banks.
That is the pointer to the clear and present danger of cyber terrorism. They are on the prowl in Nigeria and unchecked activities of these thieves are near plague.
Nigeria CommunicationsWeek investigations show that the rise and rise of cyber attacks on organizations suggest that Nigeria now face even more perilous times than the activities of the Boko Haram, the dreaded Islamist sect.
The potential threat posed by cyber-terrorism has provoked considerable alarm but little responses from the government.
Only recently, many sensitive public and private websites were hacked, suggesting that the fight is moving from conventional battlefields into the digital world.
By simply crippling a country’s economy, a cyber terrorist can also potentially weaken the country for a military attack.
The worrisome part is that the country’s economy is more prone to having more attacks as Nigeria drive further her cashless policy initiative.
By targeting financial data by hackers, an organization can lose several billions of naira.
Unites States military claimed that cyber and nuclear attacks are now greater threat than terrorism.
In Nigeria either by ignorance or lack of knowledge or both; the federal government has been unable to secure its official websites thus raising questions over claims by the government of efforts to reduce the growing threat of violation of its digital presence.
Nigeria must wake up because cyber criminals though unarmed, are very lethal.
The bad after taste of cybercrime and the unseriousness of Nigeria to address the monster has continued to haunt the country both economically and social-politically.
Cybercrime has led to confidence problems with Nigeria losing outsourcing, foreign investment among others.
The first major step to tackling the menace is by setting up what experts called “ethical hackers”.
Ethical hackers are designed to protect networks by hacking and stealing vital information and later returning them to show their vulnerability.
There is also need to for agency in the Presidency to handle cyber security issues as well as train and co-ordinate activities of Computer Emergency Response Team (CERT).
Also, there should be paradigm shift in the recruitment of security operatives especially in EFCC with attention on young people with knowledge in cyber security.
Importantly, Nigeria must guard against the use of foreign experts in protecting Nigeria’s cyber space
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Telecom
Samsung Plans to Double AI Mobile Devices to 800 million Units this Year

Samsung Electronics plans to double this year the number of its mobile devices with “Galaxy AI” features largely powered by Google’s Gemini, its co-CEO said, which would give the U.S. firm an edge over rivals as the global race in artificial intelligence heats up.

The South Korean company, which had rolled out Gemini-backed AI features to about 400 million mobile products, including smartphones and tablets, by last year, plans to boost that figure to 800 million in 2026.
“We will apply AI to all products, all functions, and all services as quickly as possible,” T M Roh told Reuters in his first interview since becoming Samsung Electronics co-CEO in November.
The plan by the world’s largest backer of Google’s Android mobile platform is set to give a major boost to its developer Google, which is locked in a race with OpenAI and others to attract more consumer users to their AI model.
Samsung seeks to reclaim its lost crown from Apple in the smartphone market and fend off competition from Chinese rivals not only in mobile telephones, but televisions and home appliances, all overseen by Roh.
It will offer integrated AI services across consumer products to widen its lead over Apple in such features, though the latter was set to be the top smartphone maker last year, according to market researcher Counterpoint.
AI Race
Alphabet’s Google launched the latest version of Gemini in November, highlighting Gemini 3’s lead on several popular industry measures of AI model performance.
In response to Gemini 3, OpenAI CEO Sam Altman reportedly issued an internal “code red,” pausing non-core projects and redirecting teams to accelerate development. The ChatGPT maker launched its GPT-5.2 AI model a few weeks later.
Roh expects the adoption of AI to accelerate, as Samsung’s surveys on awareness of its Galaxy AI brand jumped to a level of 80% from about 30% in just one year.
“Even though the AI technology might seem a bit doubtful right now, within six months to a year, these technologies will become more widespread,” he said.
E-Financial
Zacch Adedeji says Rebranded NRS will Overhaul Revenue Administration
Nigeria Revenue Service (NRS) says its replacement with the defunct Federal Inland Revenue Service (FIRS) will overhaul the architecture of the country’s revenue administration.

Dr Zacch Adedeji, the executive chairman of NRS, said this in a television interview monitored from Abuja.
The News Agency of Nigeria (NAN) reports that the provision of the recently enacted tax reform laws changes the nomenclature of the country’s apex tax authority from FIRS to NRS.
According to Adedeji, NRS is not branding. It is a total institutional upgrade moving from fragmented revenue administration to a modern, digitalised, centralised and intelligence-driven system.
He said that under the new framework, multiple tax and revenue-related functions previously spread across agencies have been consolidated, with a stronger emphasis on data integration, automation, and reduced human discretion.
He dismissed allegations that the country’s newly enacted tax reform laws were altered after passage by the National Assembly.
“Only the officially gazetted Acts carry legal authority and are binding on taxpayers and administrators,” he said.
The NRS boss said that an Act of the National Assembly only became effective after Presidential assent and official gazetting, with the gazetted version constituting the authoritative text in the event of disputes.
“Revenue agencies, courts, and taxpayers are therefore guided solely by the gazetted law, not draft bills, committee reports or chamber debates.
“Neither the executive nor the revenue authority has any incentive or legal capacity to alter the law after passage,” he said.
Adedeji said that the overhaul of the NRS is also designed to support the Federal Government’s broader fiscal objectives.
According to him, Nigeria’s tax-to-GDP ratio has improved in recent years, rising to about 13.5 per cent as at October 2025.
“But it remains below the African average and well short of levels seen in peer emerging markets,” he said.
Adedeji said that the overall aim is on taxing profits and returns rather than capital or investment.
“We are not going to tax poverty; we want to tax prosperity,” he said.
E-Financial
2026: SEC to Review Rules to Incentivise SME Listings

Securities and Exchange Commission (SEC) has announced plans to review its rules to encourage the listing of Small and Medium Enterprises (SMEs) on the nation’s stock exchanges as part of efforts to deepen the capital market and stimulate economic growth.

According to a statement from the Commission, Agama said the rules review would focus on incentivising listings from small and medium-scale industries, particularly in manufacturing, automotive, pharmaceuticals and finished goods. He said access to long-term capital through the market would help revive factories, reduce import dependence, create jobs and position “Made in Nigeria” products for global competitiveness.
Beyond SME listings, Agama said the Commission would prioritise the mobilisation of long-term capital to bridge Nigeria’s infrastructure and sectoral financing gaps. He added that regulatory frameworks would be streamlined while innovative financial instruments would be aggressively promoted to channel disciplined capital into productive sectors of the economy.
He disclosed that in 2026, the SEC would facilitate the issuance of infrastructure bonds, green bonds, municipal bonds and infrastructure-focused funds to attract long-term domestic and international capital. According to him, the objective is to finance roads, power, rail, housing and digital infrastructure, while making it easier for state governments and infrastructure firms to access the capital market efficiently.
The SEC boss also said the Commission would promote the listing of agribusiness firms and introduce tailored listing windows for agricultural cooperatives and value-chain companies. Through commodity exchanges, agricultural investment trusts and commodities-linked instruments, he said agriculture would be de-risked, fair pricing ensured for farmers, food security strengthened and wider citizen participation encouraged.
On housing, Agama disclosed plans to revitalise Real Estate Investment Trusts (REITs) and introduce innovative affordable housing bonds. These initiatives, he said, would unlock capital for mass housing delivery, create new asset classes for investors and move millions of Nigerians closer to home ownership.
He further said the Commission would support Nigeria’s power sector through infrastructure bonds, green energy bonds, project-backed securities and public-private investment vehicles to fund grid expansion, renewable energy and energy transition projects.
Agama said the SEC is entering 2026 with a renewed resolve to reposition the capital market as a solution provider to Nigeria’s economic and developmental challenges, adding that the Commission is committed to transforming the market into a key driver of sustainable growth.
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