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Nigeria Security Agencies Laud Global Accelerex Over Cyber Crime Seminar

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(L-r) Stanley Ugochukwu Peters, ED & Chief Technology Officer, Global Accelerex; Peter Obadare, Managing Director, Digital Encode - Facilitator; Commodore Hamza Ibrahim - Naval Participant; Awogbemi Olanrewaju – ICPC Participant; and Kayode Ariyo, ED, Business Development & COO, Global Accelerex at Global Accelerex Cyber Crime Seminar for Security Agencies held in Abuja last week
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More than 40 Security officials across 15 Nigerian Security Agencies gathered under one roof in Abuja last week, for the Global Accelerex Cyber Crime Seminar for Nigeria’s Security Agencies.

The seminar, which was hailed by delegates as impactful in terms of the relevant sessions and quality of the presentations, provided an unparalleled platform for participants to share knowledge on current trends in Cyber Crime and proactive ways to combat them.

From the Nigerian Armed Forces to the Department of Space Administration, from the National Drug Law Enforcement Agency to the Nigerian Police, delegates exchanged experiences and gained further insight into tackling online crime.

The seminar afforded attendees an opportunity to learn the latest in Cyber Crime Trends and Mitigation Techniques, Cyber Security Art and Science, Defensive Strategies, Security Operations Centre (SOC), Risk Management and Penetration Testing. Indeed, the skill of officials was enhanced.

In attendance were top ranking officials, including Commodore Hamza Ibrahim, who represented the Nigerian Navy. He commented that, “Cyber Security is about process, technology and people.

The human element must be constantly strengthened and nurtured through continuous training and education. This seminar is therefore an avenue to build capacity and create awareness, which is critical to the improvement of security operations”.

Chief Superintendent of Police, Aminudeen Muhammad concurred with the importance of keeping abreast with the latest technological advancement. He applauded Global Accelerex for coming up with this initiative, saying it would increase efficiency and improve resilience to online threats.

The seminar format comprised of presentations, live demo, interactive sessions and an assessment exercise. Participants also proffered methods of reinforcing Security Defence Architecture to prevent attacks from happening.

Kayode Ariyo, Executive Director, Business Development and COO of Global Accelerex,  expressed appreciation to the Office of the National Security Adviser and all the security agencies for their selfless service, and reiterated the company’s commitment to support programmes that will make the cyber space safe.

He added that, by investing in people, our security apparatus will be stronger and stay ahead of cyber criminals. “We are confident that this forum will help to further improve the strategies employed in the course of duty and make the cyberspace safer for all.”

While emphasising the importance of the public and private sector jointly engaging in the fight against cyber criminals, Stanley Ugochukwu Peters, Executive Director and Chief Technology Officer of Global Accelerex, stated that, “Cyber security is critical. We must all come together to support the effort of the government in ensuring the safety of our cyber space.

“We decided to compliment the endeavour by organising this seminar. The feedback from delegates have been positive and I believe we have made a significant impact”.

Awogbemi Olanrewaju of the Independent Corrupt Practices Commission disclosed that the knowledge gained from the forum cannot be quantified.

He thanked the organisers for hosting the event just as he acknowledged that the course content has broadened the horizon in identifying cybersecurity breaches and combating insider threats.”

Participants agreed to consolidate their efforts to achieve a synergistic effect in the bid to maintain a safe cyber space even as they were unanimous in their opinion that the positive experience of participation will linger for a long time to come.


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Access Holdings, Coronation Partner Tate Modern to Spotlight Nigerian Modernism

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Access Holdings Plc and Coronation Group have partnered with Tate Modern to commemorate World Art Day with a virtual session highlighting the global significance of Nigerian modernism.

Access Holdings, Coronation Partner Tate Modern to Spotlight Nigerian Modernism

Access Holdings

The event, titled “In Conversation with Osei Bonsu: Inside Nigerian Modernism,” featured a virtual tour of the Nigerian Modernism exhibition and discussions on the evolution of modern art in Nigeria.

The session brought together staff members across both organisations, reflecting growing institutional engagement with arts and culture as a driver of societal development.

Speaking at the event, Chief Communications and Marketing Officer of Coronation Group, Ngozi Akinyele, emphasised the role of art in shaping identity and national development.

She said that beyond financial capital, cultural and intellectual capital are essential in defining a nation’s prosperity and inspiring dialogue.

Akinyele noted that both organisations were committed to democratising access to art, ensuring it is accessible to a wider audience rather than a select few.

The discussion also featured insights from Tate Modern Curator, Osei Bonsu, and art expert Daniel Wallis, who examined the development of Nigerian modernism and its global relevance.

Bonsu said Nigerian modernism represents an independent reimagining of global art, rooted in the country’s diverse cultural heritage and expressed through unique visual languages.

According to him, the movement challenges narrow, Eurocentric definitions of modernism and highlights the richness of African artistic expression.

The session further underscored the growing international recognition of Nigerian art, particularly through exhibitions at Tate Modern.

Participants also reflected on the visit of Bola Ahmed Tinubu to the exhibition, described as a milestone in promoting Nigeria’s cultural heritage globally.

In his closing remarks, Chief Communications Officer of Access Holdings, Amaechi Okobi, reaffirmed the organisation’s commitment to advancing African narratives on the global stage.

He said the collaboration with Tate Modern aligns with broader efforts to promote dialogue, preserve cultural identity and support the creative sector.

The event reinforced a shared commitment by Access Holdings, Coronation Group and Tate Modern to elevate African art globally and ensure Nigerian cultural narratives continue to shape international conversations.


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NDPC Issues Critical Advisory as Hackers Target Nigeria’s Key Digital Systems

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Nigeria Data Protection Commission (NDPC) has issued a regulatory advisory to data controllers and processors across the country following what it described as escalating threats to Nigeria’s data security architecture.

NDPC Issues Critical Advisory as Hackers Target Nigeria’s Key Digital Systems

NDPC

In a statement signed by Babatunde Bamigboye, lead of Legal, Enforcement and Regulations, the commission said its technical assessment revealed that some shadowy threat actors were engaged in coordinated operations targeting financial systems and critical digital infrastructure in Nigeria.

The commission urged public institutions to comply with the presidential directive of Bola Ahmed Tinubu, which emphasises the strategic importance of data in national development.

According to the NDPC, the President had declared that “data is the new oil,” stressing the need for Ministries, Departments and Agencies (MDAs) to rigorously capture and safeguard information in line with the Nigeria Data Protection Act, 2023.

The commission therefore advised all data controllers and processors to urgently strengthen their technical and organisational measures to protect personal data and ensure compliance with the law.

It listed key measures to include the appointment of trained and certified Data Protection Officers, implementation of comprehensive privacy policies and information security standards, as well as conducting Data Privacy Impact Assessments.

Other measures recommended by the NDPC include deployment of robust identity and access controls such as Multi-Factor Authentication, adoption of zero-trust security architecture, prompt remediation of system vulnerabilities, and continuous patch management.

The commission also emphasised the need to secure cloud infrastructure, application programming interfaces (APIs), databases and access credentials, alongside real-time monitoring, logging and threat detection systems.

Further recommendations include encryption and secure credential handling, regular vulnerability assessment and penetration testing of critical systems, as well as routine backup and resilience testing.

The NDPC warned that organisations that fail to implement appropriate data protection measures in accordance with the Nigeria Data Protection Act, 2023 risk legal liabilities.

It reiterated its commitment to providing regulatory support to organisations while ensuring the protection of personal data and strengthening institutional resilience across all sectors.


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Africa’s Forex Market in 2026: Key Trends Every Trader Should Watch

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The forex market across Africa is witnessing more participants and more regulatory attention than it did just a few years ago. This growth is part of a bigger picture: Sub-Saharan Africa is expected to expand by 4.3% in 2026, while global forex turnover already hit an estimated $9.6 trillion daily in April 2025. However, there’s more to it than macroeconomic figures.

Africa's Forex Market in 2026: Key Trends Every Trader Should Watch

The trends reshaping the market are happening from within. Here are six worth paying close attention to.

1. Trading Has Moved to the Phone

The number of people accessing the market via mobile phones exceeds those accessing it via traditional bank systems. GSMA states that in Sub-Saharan Africa alone, there are more than 1.1 billion registered mobile money accounts.

The International Monetary Fund states that digitalisation and increased usage of the internet are changing payment systems in the Sub-Saharan Africa region.

Mobile access changes traders’ behavior. It lowers the barrier to entry and speeds up deposits and withdrawals. Therefore, brokers who can provide a quality mobile trading experience will have a huge advantage.

2. Regulators Are Watching

The market is becoming more structured and more transparent. In South Africa, the FSCA regulates market conduct for financial institutions. In Kenya, the Capital Markets Authority regulates capital markets and maintains a licensing system that includes online forex brokers.

Nigeria’s SEC has publicly warned that online retail forex trading can be subject to abuse when unregulated. It also provides tools for investors to check operators’ registrations.

As a result, in 2026, more traders are likely to favour brokers that can show clear licensing, transparent operations, and stronger investor safeguards.

3. Volatility Varies by Country

A common mistake is perceiving the African market as one entity. In reality, according to RegTech Afrika, there are 21 countries out of a total of 54 that have a chance of seeing their currencies depreciate in 2025, with some of them losing value by as much as 6% or more.

A trader watching the rand, naira, shilling, or cedi, regional headlines needs more than regional headlines. Country-level macro data, central bank moves, and the US dollar will still play a major role.

4. Cross-Border Payment Infrastructure Is Quietly Improving

Platforms like PAPSS are helping make payments across African countries faster and easier to complete in local currencies. According to official announcements of PAPSS, it has become operational in 18 countries across Africa, with its latest launch in Algeria in 2025. It has also become operational in Kenya through a partnership with KCB Group, as well as in Rwanda through a partnership with Bank of Kigali.

Step by step, Africa is becoming a more financially connected continent.

5. Execution Quality Is the New Standard

Data from the BIS shows that in April 2025, three-quarters of FX trades were intermediated by the global centers of the United Kingdom, the United States, Singapore, and Hong Kong. Therefore, the best liquidity and best prices are still linked to global conditions.

For local markets, this raises the bar. Forex traders are becoming increasingly aware that tight spreads, while important, mean little without reliable prices and execution. Brokers like JustMarkets that can bring all of these elements together are in a much stronger position than competitors.

6. Education as a Necessity

Regulatory disclosures from major global brokers illustrate how tough it is to trade without proper knowledge. According to publicly available disclosures, between 70% and 80% of retail investor accounts lose money when trading CFDs.

Forex traders who understand risk management and which financial news to follow have a better chance of surviving the market. Brokers who invest in education are more likely to be seen by traders as valuable partners rather than mere facilitators.
The Market Rewards the Prepared

Africa’s forex market in 2026 is shaped by volatility, stricter rules, and mobile-first trading. The traders who combine market knowledge with the right tools and the right broker will find real opportunity here, while those who don’t adapt will find the market increasingly unforgiving.


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