E-Business
Reign of Unarmed but Lethal Cyber Criminals

Nigeria, Africa’s largest telecom market by investment and subscription has also earned notoriety as cybercrime haven.
Cyber crime refers to illegal activities that take place online, including fraud, spam, identity theft, computer viruses and worms, cyber stalking, drug trafficking, sexual predators, malware or spyware, phishing schemes and the like.
Cyber crimes have continued to thrive in Nigeria because of the unguarded nature of the country’s internet topology that allows people to get access from just anywhere in the world.
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.
But as the government fret over the consequences, reports say that Nigeria has the highest number of cybercrime incidents in Africa and is right behind the U.S. and the U.K. – which have larger populations.
And as more Nigerians use the Internet for their banking needs, the number of fraudsters eyeing people’s bank accounts and online financial transactions has also multiplied.
The United Nations Office on drugs and crimes estimated that Nigeria has lost millions of dollars through cyber crime.
Reliable estimates are hard to come by but a study by a study by Paradigm Shift Initiative Nigeria (PIN) ─ a social enterprise committed to connecting Nigerian youths with ICT opportunities established that Nigerian consumers lost a total of N1.246trn to cybercrime in 2012.
Experts said that there is a likely nexus between cyber crime and a variety of other threats including; cyber terrorism; industrial espionage; and foreign intelligence services.
In Nigeria effective deterrents to cyber crime are not known; available; or accessible law enforcement personnel, many of whom underestimate the scope and severity of the problem.
Checking cyber crime is not rocket science or extreme engineering; it basically starts with proper definition of Nigeria’s internet topology.
There is need for government to shore up its IT literacy because it is widely believed that cybercrime thrives because government and its enforcement authorities lack IT knowledge to tackle the menace.
The government should also be willing to increase her cybersecurity budget like other countries that have made spending in that her area their largest chunks.
Importantly, federal government and federal lawmakers to ensure the quick passage of the harmonised 2011 Cyber Security Bill because all the required ingredients to fight cyber crime are encapsulated in the all important document.
Government should also strengthen its recently launched Computer Crime Prosecution Unit (CCPU) to prosecute those involved in cyber crimes.
E-Business
Nigeria Strengthens Cybersecurity, Launches National Cleanup Plan

Nigerian government, through the Office of the National Security Adviser (ONSA) and the National Information Technology Development Agency (NITDA), has announced a strategic collaboration to strengthen cybersecurity and clean up the nation’s cyberspace.
Recognizing that cybercrime knows no borders, Nigeria also reaffirmed its commitment to fostering stronger global partnerships within the cybersecurity ecosystem.
This announcement was made during a press conference before the inaugural National Cybersecurity Conference, which is scheduled to take place in Abuja from July 9th to 11th, 2025.
Sa’ad Abubakar, national cybersecurity coordinator from the Office of National Security Advisor, said fighting cybercrime must take the whole of society and the whole of the government approach.
According to him, “Apart from the deterrent approach whereby government agencies such as Economic and Financial Crimes Commission (EFCC) arrest individuals, take them to court and prosecute them, the youth can be nurtured into better citizens who can showcase their capacity in better ways and be useful to the country.”
Similarly, Kashifu Abdullahi, director-general, NITDA, also stressed the need for collaborative efforts in fighting cybercrimes.
According to him “Then, in addition to that, we also want to build a stronger global collaboration with the global cyber security ecosystem, because when you look at cybercrime in general, it doesn’t respect the borders.
“Someone can commit a crime from Ghana using a Nigerian ID in the US. So you can look at him physically in a different jurisdiction, pretending to be in another jurisdiction, committing the crime in another jurisdiction.
“So without that kind of synergy and working together, it will be difficult to address these challenges. The third one is challenge. The third one is getting an alternative to cybercrime for our kids in Nigeria. We have this as a major challenge.”
Inuwa further highlighted the upcoming conference’s importance, noting that it would tackle key issues through workshops, discussions on emerging threats, cross-border cybersecurity collaboration strategies, and training programmes.
He also announced that the National Cybersecurity Conference 2025 would feature the Cybersecurity Excellence Awards, recognising top contributions in the field.
The DG extended an invitation to global partners to collaborate with Nigeria in building a safer digital future.
The press conference was attended by notable figures, including Ahmad Sa’ad Abubakar, National Coordinator of, the National Cybersecurity Coordination Centre (NCCC); Hanniel Jafar, Representative of the President, of Cyber Security Experts Association of Nigeria (CSEAN); Ankit Shukla, Managing Director, QNA Marketing Management LLC and members of the press and other stakeholders.
E-Business
AXIAN Telecom Invests in Jumia Post-MTN Era

XIAN Telecom has acquired an 8% stake in pan-African e-commerce company Jumia Technologies, citing the platform’s fintech and logistics strengths as key drivers of its backing.
This marks the first major telecom investment in Jumia since MTN Group’s exit in 2020.
AXIAN, a fast-growing telecom and digital services provider with operations across Africa, disclosed the purchase in a Schedule 13D filing with the U.S. Securities and Exchange Commission.
While the financial terms were not disclosed, AXIAN Telecom CEO, Hassan Jaber, described the move as a strategic alignment with Jumia’s growth trajectory and digital ecosystem.
“Jumia’s achievements in digital retail and fintech, particularly through JumiaPay and its logistics network, make it a very attractive investment for us. We believe in Jumia’s potential to promote financial and economic inclusion, which aligns with our core values,” said Jaber.
Once dubbed the “Amazon of Africa,” Jumia became the first African-founded tech company to list on the New York Stock Exchange in 2019.
But years of underperformance, leadership changes, and competitive pressures dented investor confidence.
In October 2020, South Africa’s MTN Group offloaded its 18.9% stake for $138 million, well below the $698 million value it once held post-IPO.
Since then, Jumia has undergone a significant transformation. Under CEO Francis Dufay, appointed in 2022, the company exited low-performing markets like South Africa and Tunisia, cut costs, and doubled down on core markets – Nigeria, Kenya, Egypt, and Morocco.
The firm is now focused on high-growth verticals, including everyday essentials and digital financial services.
Jumia’s regional CEO for East Africa, Vinod Goel, recently revealed plans to scale up international brand offerings and open its logistics network to third-party businesses.
Jaber underscored that AXIAN Telecom’s investment signals renewed confidence in Jumia’s long-term potential.
The telecom firm’s CEO said the company views Jumia as a key player in advancing Africa’s digital economy, aligning with AXIAN’s mission through its fintech and digital infrastructure brands such as Yas and Mixx by Yas.
E-Business
NIMC Plans to Register 95 Percent Nigerians by December

Abisoye Coker-Odusote, director general, National Identity management commission (NIMC) has said that the commission is set to register 95 percent of Nigerians into the National Identity Database before December 2025.

Abisoye Coker-Odusote,, DG, NIMC
She made this statement at a press briefing to highlight the commissions goal aligns with President Bola Tinubu’s Renewed Hope Agenda, particularly on digital governance and inclusive development.
The mass enrollment drive will be powered by a combination of improved infrastructure, expanded registration centres, and robust public sensitization campaigns.
As of May 2025, NIMC reports over 120 million Nigerians have been enrolled, and about 100 million more would be captured by December.
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