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Rising Cyber Terrorism Spreads Panic in Nigeria

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, Nigeria CommunicationsWeek investigations have shown.
Economic Financial Crimes Commission (EFCC), Central Bank of Nigeria (CBN), Nigeria Labour Congress (NLC), the Nigeria Police Force, Defence headquarters and many other sensitive public and private websites have been hacked, suggesting that the fight is moving from conventional battlefields into the digital world.
The potential threat posed by cyber-terrorism has provoked considerable alarm.
The attacks are the new face of terrorism but now taken to the internet and it is what is commonly known as cyber-terrorism.
It is hacking or attack of networks and computers to obtain or modify information for political and/or social objectives or rather, a way to quickly and easily distribute propaganda and get a lot of attention drawn to it.
Cyber-terrorism include acts of deliberate, large-scale disruption of computer networks, especially of personal computers attached to the Internet, by the means of tools such as computer viruses.
Recently, Kaspersky Lab, a leading computer security firm warned that a new cyber surveillance virus has been found in the Middle East that can spy on banking transactions and steal log in information for social networking sites, email and instant messaging.
Numerous security experts have pointed to the dangers of cyber-terrorists hacking into government and private computer systems and crippling the military, financial, and service sectors of advanced economies.
Peter Iwuegbu, an ICT security expert said that cyber-terrorism is clear and present danger and that Nigeria need to wake up.
Nigeria CommunicationsWeek gathered that by crippling a country’s economy, a cyber terrorist can also potentially weaken the country for a military attack.
The Monterey Group, a premium cyber security consulting firm for performance-oriented public and private sector clients said there are three levels of cyber-terror capability.
The first is simple-unstructured- the capability to conduct basic hacks against individual systems using tools created by someone else. The organization possesses little target analysis, command and control, or learning capability.
There is also advanced-structured- the capability to conduct more sophisticated attacks against multiple systems or networks and possibly, to modify or create basic hacking tools.
The organization possesses an elementary target analysis, command and control, and learning capability.
Elsewhere, there is the complex-coordinated- the capability for coordinated attacks capable of causing mass-disruption against integrated, heterogeneous defenses (including cryptography) – ability to create sophisticated hacking tools and highly capable target analysis, command and control, and organization learning capability.
Only recently, Oracle Corp and Computer Warehouse Group (CWG), an indigenous IT conglomerate warned that the cashless regime may by hampered by cyber threats if adequate safe guards are not put in place.
The companies said that this can be achieved by deploying best-in-class IT security solutions that can protect network and their databases from external intrusions and attacks.
James Agada, chief executive officer, ExpertEdge, said: “If we believe that we are prone to having more attacks as we drive further our cashless policy initiative, we should be prepared.
Today we are talking of e-commerce and cashless economy, which implies that the volume and value of information that you have increase. And because it has monetary value, the data are likely to be targeted by hackers and this can rob an organization several millions and billions of naira.”
But nearly half of firms globally are not prepared for cyber threats on their networks; a research by B2B International in conjunction with security company Kaspersky Lab has shown.
According to the research, while firms recognise the threat from cyber crime, over 40% are not actively engaged in protecting themselves from an attack.
“According to the survey, in 41% of cases the answer is ‘no’ – corporate infrastructure lacks the necessary protection to handle online attacks,” Kaspersky Lab said.
News
FG Unveils AI Public Services Platform

Federal government has launched GovGuideNigeria, an artificial intelligence (AI)-powered digital platform designed to streamline access to public service information through WhatsApp and the web.

The platform consolidates information from more than 35 federal ministries and over 60 government agencies, marking a significant step in Nigeria’s drive to expand AI-enabled public infrastructure and digital government services.
According to Bosun Tijani, Nigeria’s minister of communications, innovation and digital economy, the initiative aims to simplify interactions with government services, particularly for underserved communities that often face challenges navigating complex public-sector systems.
Developed in collaboration with the National Centre for Artificial Intelligence and Robotics, Meta, and Publica AI, GovGuideNigeria uses conversational AI to provide real-time responses via WhatsApp and a web interface in English, Hausa, Igbo and Yoruba.
Sade Dada, head of public policy at Meta, said the multilingual rollout highlights the growing use of natural language processing within African public institutions to improve digital inclusion and broaden access to services.
Ignatius Willie, chief executive of Publica AI, said the platform demonstrates how Africa’s next generation of digital public infrastructure can be developed locally using African languages.
GovGuideNigeria is intended to address longstanding challenges in Nigeria’s public information system, where citizens often struggle to access reliable guidance because of fragmented government websites, poor communication channels and the expense of travelling to physical offices.
Through AI-driven automation, users can obtain information on immigration procedures, documentation requirements, public programmes and agency-specific services through chat-based interactions.
The launch also reflects Nigeria’s broader ambition to integrate AI into digital governance, while strengthening partnerships between government agencies, global technology companies and local AI startups to modernise public service delivery.
News
Elon Musk to Become First World’s Trillionaire with SpaceX Historic IPO

Elon Musk is poised to become the world’s first trillionaire after SpaceX, his company, confirmed plans to go public.

Elon Musk
Because Musk owns the majority of the shares, it could push his net worth over the trillion dollar mark.
The entrepreneur is known for his leadership of Tesla, SpaceX, X, and xAI.
Musk has been the wealthiest person in the world since 2025; as of May 2026, Forbes estimates his net worth to be $788 billion.
SpaceX has filed for a blockbuster public listing in the United States, paving the way for what could become the largest stock market debut in Wall Street history.
The company, formally known as Space Exploration Technologies, announced plans to begin trading under the ticker symbol “SPCX” as early as next month.
The listing values SpaceX at about $1.25 trillion, with Musk’s majority ownership potentially worth more than $600 billion alone.
Combined with his existing holdings in companies including Tesla, the IPO could push Musk’s personal wealth above the $1 trillion mark.
The long-awaited filing also offered investors a rare look into SpaceX’s finances.
The company reported $18.6 billion in revenue last year but recorded a net loss of $4.9 billion. In the first quarter of this year, SpaceX generated $4.7 billion in sales while posting a $4.3 billion net loss.
Financial disclosures showed the company holds $102 billion in assets, including rockets, launch infrastructure and satellite systems, while carrying debts totalling $60.5 billion.
Despite the losses, analysts suggested investors were unlikely to be deterred given SpaceX’s dominance in commercial space launches and satellite internet services.
Ruth Foxe-Blader, managing partner at Citrine Venture Partners, described the planned flotation as “extremely exciting.”
“SpaceX is just an absolutely sprawling, enormous project with so many different selling points, and so many points that really point to the future,” she said.
SpaceX operates the Starlink satellite internet network and also owns Musk’s artificial intelligence company, xAI.
The IPO filing revealed that xAI recently reached a major commercial agreement with rival AI company Anthropic, maker of the Claude chatbot.
Under the arrangement, Anthropic will reportedly pay $15 billion annually to access data centre infrastructure linked to xAI operations in the American South.
The filing also disclosed that SpaceX expects to incur more than half a billion dollars in legal costs from multiple ongoing lawsuits and regulatory disputes.
Among the cases listed were claims alleging that xAI’s chatbot Grok had been used to create sexualised deepfakes of women and girls, alongside patent infringement disputes, music copyright claims, data breach allegations and investigations into compliance with European Union content moderation rules.
Musk has previously said he plans to dissolve xAI as a standalone company and pursue his AI ambitions directly under SpaceX.
The filing came shortly after Musk lost a high-profile legal battle against OpenAI and its chief executive Sam Altman.
Musk had accused OpenAI of abandoning its non-profit mission after shifting towards a commercial model, but a jury dismissed the lawsuit, ruling that he had waited too long to bring the claims.
News
Moniepoint Boosts UK Payments Security

African financial services platform Moniepoint has partnered with open banking software-as-a-service provider tell.money to deploy a transaction security system in the UK market.

The companies said the partnership will allow Moniepoint to implement Confirmation of Payee, an account name-checking service designed to verify recipient details before payments are processed.
The integration will be rolled out through Monieworld, Moniepoint’s UK remittance subsidiary, as part of the company’s broader European expansion strategy.
Tell.money will provide the underlying verification technology, which the companies said is intended to reduce misdirected payments and help protect users against cross-border fraud.
Ravi Jakhodia, CEO of Monieworld, said: “Our goal with Monieworld is to build financial services for Africans in the diaspora.”
He added that tell.money was selected because it manages compliance and accreditation requirements, allowing the fintech company to focus on customer service.
Moniepoint is entering a competitive UK-to-Africa remittance market that includes established providers such as Wise, WorldRemit and Remitly, as well as African fintech firms including Flutterwave’s Send App.
According to data from the World Bank’s KNOMAD programme, remittance flows to low- and middle-income countries are estimated at about $620 billion annually, with digital -first platforms capturing increasing market share through open banking integrations and automated compliance systems.
The rollout reflects a broader trend of African fintech firms expanding into developed markets by adopting local regulatory and open banking standards.
Industry analysts expect diaspora-focused platforms to evolve beyond money transfers into services such as multi-currency banking, credit and investment products.
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