Nigeria: Technology

Digital infrastructure has become critical national infrastructure in Nigeria, forming the backbone of modern governance, financial services, and economic coordination. As the country digitises public services and its economy grows increasingly dependent on interconnected platforms, questions arise about the reliability, resilience, and security of these systems.

• NITDA has warned organisations and individuals about a new AI-powered malware, “Deep Load,” currently targeting entities across Nigeria. The agency noted that the malware is designed to steal sensitive information, evade traditional antivirus systems, and maintain persistent access to infected devices. The advisory underscores the need for stronger cybersecurity compliance measures, including staff awareness, multi-factor authentication, secure password practices, monitoring of suspicious activities, and prompt incident response procedures.

Kenya and Nigeria are formalizing their digital asset markets through Virtual Asset Service Provider (VASP) licensing frameworks. While both countries require regulatory approval for crypto operations, their licensing categories, capital requirements, and compliance expectations differ significantly. Understanding these distinctions is essential for fintech founders and financial institutions seeking to enter or expand in these African markets.