The National Information Technology Development Agency (NITDA) has revealed that Nigeria loses approximately N250 billion annually to cybercrime, underscoring the growing threat of cyber insecurity to the nation’s economy. According to NITDA, cybercrime has become a significant challenge as more individuals and businesses rely on digital platforms for communication, financial transactions, and commerce. The agency…

Nigeria and Brazil have entered into a Memorandum of Understanding (MoU) aimed at strengthening cooperation in science, technology, and innovation to drive economic growth, industrial development, and job creation. The agreement was signed by Nigeria’s Minister of Innovation, Science and Technology, Uche Nnaji, and Brazil’s Minister of Science, Technology, and Innovation, Luciana Santos, during a…

A group of Japanese venture capital (VC) firms has launched a $20 million fund targeting startups across Africa and the Middle East and North Africa (MENA). The fund aims to back early-stage companies in sectors such as fintech, healthtech, cleantech, and mobility, areas with high growth potential and pressing local needs. Japan’s growing interest in…

Nigeria’s ambition to become a $1 trillion economy by 2030 gained momentum at West Africa’s largest technology and AI exhibition, where global and local tech giants showcased innovations aimed at accelerating digital transformation. The event attracted policymakers, industry leaders, startups, and investors, highlighting Nigeria’s growing role as a technology hub in Africa. Key participants included…

Jaiz Bank, Nigeria’s pioneer non-interest financial institution, has unveiled a suite of innovative digital banking services aimed at capturing the growing market of Gen Z customers and freelancers. The bank is positioning itself to meet the evolving financial needs of younger, tech-savvy individuals who demand convenience, speed, and personalized experiences in their banking relationships. The…

Safaricom, Kenya’s largest telecommunications operator, has reintroduced its “Internet by the Hour” data bundles, allowing customers to access affordable, time-based internet packages. The service enables users to purchase data that lasts for a fixed duration—such as one hour—instead of being charged per megabyte or for a fixed data volume. This initiative targets price-sensitive customers and…