E-Business
Stakeholders Seek Collaboration to Mitigate Cyberattacks in Organizations

Information security stakeholders have laid out the recipe for activating a secured cyber environment for Nigeria. Speaking at the Annual Cybersecurity Conference organised by Information Security Society of Africa –Nigeria (ISSAN) on Tuesday, stakeholders from the financial and information technology sectors stressed on the need for collaboration and organisational security consciousness as means of ensuring that cyberattacks are mitigated in organisations.

In his address at the event which had its theme as ‘Cybersecurity Imperatives For Business: Practical Considerations’, ISSAN Board Chairman, and General Manager, Eco Bank, Dr. David Isiavwe highlighted the importance of cybersecurity in the wellbeing of every organisation and spoke of the need to urgently address issues around cyberattacks, especially in the financial sector.
Several cybersecurity challenges and solutions were brought to the fore at the event.
Dr. Austine Ohwobete, Managing Director, CyberTechNX, spoke about vendor risk assessment and individual management, while taking a 360o look at the organisation’s environment as a means of identifying and curbing cyber threat incidences.
Mrs. Rakiya Mohammed, Director of IT at CBN, who spoke on ‘eNaira: The Journey So Far’, reiterated the need to ensure that alternative transaction channels are created, which gave rise to the birth of the Federal Government’s eNaira.
She noted that the digital currency still need to be widely accepted hence the need for accelerated public enlightenment. “There is still a lot to be done in terms of enlightenment”.
She revealed that eNaira boast of being the 6th in global volume of transaction rating, with 12 banks currently transacting on it, and has been carefully designed with robust security features.
Similolu Akinnusi, founder and CEO of Mint FT/Innovative, spoke on the need to ensure systems are resilient to cyber attacks, and build on the principles of data pillars, which are Confidentiality, Integrity and Availability. Also there is a need for policy content monitoring.
He noted that threats are going to come worse and stronger. “The internet was originally designed to be an open system, it wasn’t meant for running the world with, so we need to think of securiring the architecture.”
Basil Udotai, former Director of Cybersecurity, NSA and Managing Partner, Technology Advisors, noted that there is a major loophole in cybersecurity in Nigeria.
He pointed out that the loophole is in certifications. “Cybersecurity is about technology, process and people. There has been process in technology and processes, but zero progress with people.”
He explained that most certifications encourage fortification of technology and processes, but do not consider certifying the human factor in cycersecurity. “If cybersecurity is about technology, process and people, the people element should be neutral to technology originators. People-oriented certifications should be commercialised.”
He further maintained that there should be local approach to our local cybersecurity issues. “The last joint to secure cybersecurity is to take the tech culture from all parts of the world and develop a cybersecurity architecture that borders on human certification.”
Mr. Harrison Nnaji, the Chief Information Security Officer (CISO) of First Bank Nigeria, listed some of the security measures to be taken by organisations to include data erasure (primary and secondary erasure), encryption, access restriction, backup and recovery, data masking, among others.
He challenged organisations to “own the data” they collect from people, and not to collect data they cannot secure. He further charged organisations to identify and classify their data for easier protection.
Speaking on “Balancing Cybersecurity & Seamless Customer Experience in the Digital World”, Prince Ayewoh, Group Head, Customer Fulfillment Centre (CFC), United Bank for Africa (UBA) Plc, noted that there is a need to engage every department in an organization to tackle cybersecurity, even the human resources and employment process.
He further challenged the CBN to make banks seat up to be proactive, rather than reactive to their security infrastructure.
In a panel discussion, the stakeholders unanimously agreed that the level of cybersecurity in Nigeria is still low, especially in organisational structures, and called for collaboration between all stakeholders in areas of data sharing and infrastructure sharing.
Data remains the most viable tool to fight cyber threats. Stakeholders maintain that shared infrastructure and data on cybersecurity will go a long way in mitigating against cyber threat. These include shared platform and shared services.
Dr. Adewale Peter Obadare, the Co-founder/Chief Visionary Officer of Digital Encode, while expressing his views at the panel session, noted the need to build cybersecurity intelligence quotient, while will comprise of Augmented Intelligence to check what is happening on the system real time, Anticipatory Intelligence to analyse what could happen, and Assistive intelligence to determine needs to be done.
He further recommended that digitisation, digitalisation and digital transformation should be addressed.
“Strike the balance between the investments in people, technology and processes to fight insider fraud.”
In her view, cybersecurity expert with Airtel Nigeria, Mrs. Joy Omoruku, tasked ISSAN to look at schools curriculum to make input that will include cybersecurity.
She also proposed that the Association look into recruiting smart students at graduation to groom them on cybersecurity practices.
Mrs. Omoruku was also of the opinion that ISSAN could set up ‘ISSAN For Students’ to equip and empower students with relevant skills, and teach them what is expected of them.
E-Business
Jumia Reaffirms Commitment to Consumer Trust on World Consumer Rights Day

As the global community commemorates World Consumer Rights Day, Jumia Nigeria joined industry leaders, regulators, and consumer advocates at the Lagos Marriott Hotel, Ikeja, for a high-level panel session hosted by the Lagos State Consumer Protection Agency (LASCOPA) on Tuesday, March 17, 2026.

Speaking during the session, Peters Afebuame, Group Head of Content and Production at Jumia, highlighted Jumia’s comprehensive approach to protecting consumers from counterfeit or adulterated products on its marketplace, noting that the company has implemented structured checks and technology-driven systems across the entire product lifecycle, from seller onboarding to post-listing monitoring, to safeguard product authenticity.
“Ensuring product authenticity on our platform requires a combination of technology, policy enforcement, and continuous seller engagement,” he stated.
“At Jumia Nigeria, we have implemented a multi-layered process that begins with rigorous seller onboarding and policy agreements, followed by catalogue configuration controls, AI-driven product attribute verification, and the use of global product identification standards. These systems are reinforced by ongoing quality moderation, brand protection mechanisms, and strict enforcement actions, including product and seller delisting, ensuring that customers can shop on our platform with confidence.”
Central to Jumia’s consumer protection framework is a rigorous seller verification process designed to ensure marketplace integrity. Vendors are required to provide proof of legal and regulatory compliance before gaining access to the platform. This vetting process is reinforced by a strict quality control system that monitors products listed on the platform, backed by a zero-tolerance policy toward counterfeit or substandard goods. Non-compliant sellers face penalties and permanent delisting from the marketplace.
Transparency also remains a core priority in helping customers make informed purchasing decisions. Product listings across the platform feature clear specifications, verified descriptions, and detailed images, enabling shoppers to understand exactly what they are purchasing before completing a transaction.
Recognising that digital literacy plays a critical role in online safety, Jumia continues to invest in consumer education initiatives through instructional “how-to” videos, platform guides, and social media campaigns that equip Nigerian shoppers with practical knowledge to navigate online shopping securely and confidently.
To further strengthen transaction security, Jumia leverages its proprietary payment solution, JumiaPay, which provides a secure and encrypted payment infrastructure designed to protect customer financial data. The company also adheres to internationally recognised data protection standards such as the General Data Protection Regulation (GDPR) and local regulatory frameworks established by the Nigeria Data Protection Commission (NDPC), ensuring responsible handling and protection of user information.
Beyond the point of purchase, Jumia reinforces consumer protection through a customer-centric return and refund policy designed to ensure seamless resolution when issues arise. A dedicated customer service team also provides support through multiple channels, including phone and social media, enabling swift response to consumer inquiries and complaints.
As e-commerce continues to expand across Nigeria, Jumia reaffirmed its commitment to building a marketplace that prioritises fairness, transparency, and consumer safety. Through continuous investment in technology, strong policy enforcement, and ongoing consumer engagement, the company aims to strengthen trust and confidence in Nigeria’s growing digital commerce ecosystem.
E-Business
FG Determined to Protect Rights, Privacy Online- NITDA

Federal government is determined to protect Nigerians’ rights and privacy in the digital space, according to Dr Ayodele Bakare, assistant director, Cybersecurity Department, National Information Technology Development Agency (NITDA),

To achieve that, Bakare, said that the government has developed several policy and regulatory frameworks to strengthen cybersecurity.
Bakare, stated all these during an interview with the News Agency of Nigeria (NAN) in Abuja on Monday.
He said that cybersecurity governance in Nigeria was implemented through a collaborative approach involving multiple government institutions with different responsibilities.
According to him, the Office of the National Security Adviser (ONSA) provides overall coordination of national cybersecurity efforts through the National Cybersecurity Coordination Centre, which serves as its operational arm.
“At the national level, cybersecurity implementation is done collectively, and different government organisations are responsible for implementing different aspects of the national cybersecurity framework.
“At the top, however, the Office of the National Security Adviser coordinates these efforts through the National Cybersecurity Coordination Centre,” he said.
Bakare said that one of the key policy instruments guiding the country’s cybersecurity efforts was the National Cybersecurity Policy and Strategy Framework.
He also highlighted the legal framework provided by the Cybercrimes Prohibition and Prevention Act 2015, which was recently amended in 2024 to strengthen Nigeria’s response to cyber threats and digital crimes.
According to him, NITDA has also introduced sector-specific regulations to enhance cybersecurity in the country.
“One such regulation is the National Public Key Infrastructure Regulation, which is one of the core infrastructures required to ensure trust and security in digital communications and transactions,” he said.
Bakare said that NITDA played a pioneering role in Nigeria’s data protection landscape through the Nigeria Data Protection Regulation 2019, which laid the foundation for the current data protection framework.
He said the regulation had since evolved into a full legal framework implemented by the Nigeria Data Protection Commission.
Bakare disclosed that the agency was also finalising an Information Security Regulation that would soon be made available to the public.
He further explained that the regulation would provide organisations and individuals with clear guidelines on their responsibilities in safeguarding information and digital assets.
“Nigeria has continued to strengthen its legal and policy environment for cybersecurity, a development reflected in the country’s performance in the Global Cybersecurity Index.
“One of the pillars of the index focuses on legal measures and assesses the availability of national cybersecurity laws and regulations.
“Nigeria recorded a strong performance under the legal measures pillar, reflecting the country’s efforts to establish the necessary frameworks to support cybersecurity governance,” he told NAN.
He said that sustained collaboration among government agencies and stakeholders remained essential to effectively implement the existing policies and strengthen Nigeria’s digital security architecture.
E-Business
Firm Warns of Malware Aiming to Steal Data from Individuals, Organisations in Nigeria

According to Kaspersky telemetry, in 2025, spyware and password stealers attacks showed the biggest year-over-year growth in Nigeria among different analysed malware types.

Spyware, which is a type of malicious software installed on users’ devices to collect their data, grew in the number of attacks by 28% compared with the previous year. Password stealers, designed to gather users’ account information, increased in the number of attacks by 22%.
Exploits decreased slightly in the number of attacks in Nigeria, however they remain an acute threat that should not be underestimated. These are programs designed by cyber attackers to take advantage of vulnerabilities in an application or operating system to gain unauthorised access to it and to cause unintended behaviour to occur on software.
Ransomware, though very targeted in distribution, remains a high-risk threat for organisations, who should also guard themselves from supply chain and trusted relationship attacks.
Overall, Kaspersky security tools blocked more than 4 million online attack attempts on users in Nigeria in 2025. Online threats typically include different types of malware attacks, such as for example, password stealers, exploits, spyware, etc. Another 9 million on-device threats were blocked in the country, including malware delivered via infected USB drives.
“Operations coordinated by INTERPOL, such as Serengeti to which Kaspersky has contributed, demonstrate how international cooperation and threat intelligence sharing can strengthen the fight against cybercrime across Africa. At the same time, both organisations and individual users in the region play an important role in improving cybersecurity by staying informed about evolving threats and practicing good cyber hygiene.
“Dedicated security solutions, including Kaspersky Next for organisations and Kaspersky Premium for individuals, can further help reduce exposure to cyber risks,” said Moses Munguti, Technical Expert & Team Lead in Africa at Kaspersky.
Malware often reaches a device through phishing messages and websites employing social engineering techniques. If an operating system, browser, or application is outdated, attackers may exploit security flaws to install malware. To significantly reduce the risk of infections with malware, Kaspersky experts advise individuals and organisations to follow these best practices:
- Be cautious with links and attachments received, verify the sender before opening files or clicking links.
- Download software only from official sources.
- Install updates for systems and applications as soon as they become available.
- Use strong, unique passwords and enable multi-factor authentication wherever possible.
- Install reputable security software that can detect malware before it compromises the system.
- Regularly back up important data.
- Staying informed about current cyber threats and maintaining good digital hygiene helps keep devices and data safe.
E-Financial2 days agoCBN Rolls Out New Rules for Safer Instant Payments, More Customer Control
News2 days agoNIMMME Inaugurates Engr. Michael Orekyeh as 13th National Chairman in Abuja
Telecom2 days agoMTN Nigeria Races Ahead in Fibre Broadband Market
E-Financial2 days agoCBN Tightens BVN Rules to Curb Fraudulent Banking Transactions
E-Financial2 days agoNova Bank Appoints Jude Anele as Managing Director/CEO
Broadcasting1 day agoSpotify’s Loud & Clear Report Reveals Over ₦60Bn Revenue for Nigerian Artists in 2025
E-Business2 days agoTech Expert Unveils BAT-BOT AI App to Curb Fake News ahead of 2027 Elections
Telecom1 day agoPwC Warns Nigeria Telcos of AI Fraud Risks



















