E-Business
Twitter Ban: Nigeria’s Once Booming Tech Community Now in Shock

The government’s sudden ban of Twitter could jeopardise one of the country’s most promising industries, according to Mail & Guardian.
Africa’s biggest startup story in 2020 was the acquisition, by US company Stripe, of Paystack — an electronic payments processor that was founded in Lagos in 2015.
Valued at about $200-million, it was a landmark deal for Nigeria’s booming tech community.
A hunt for more Paystacks has ensued among local and international investors. They are worried about missing out.
With broadband penetration rising from less than 20% five years ago to more than 40% since May 2020, Nigeria’s information and communications technology sector is the fastest growing in the country, rising 6.31% in the first quarter of 2021.
The importance of this sector is only increasing, given the negative economic effects of the Covid-19 pandemic on Africa’s largest economy, and the pressing need to diversify away from oil revenues.
Such metrics, including the fact that 81% of Nigerian adults own cellphones, encourage investors to part with even more unprecedented million-dollar checks, like the $10-million raised by digital bank Kuda at seed stage last November.
The appetite and tolerance for tech enterprise in Africa’s most-populous country has never been so high.
But this burst of energy and innovation is facing a familiar foe: the Nigerian government.
Last week, the federal government banned Twitter — one of the biggest social-media platforms in the world. The ban came after Twitter deleted a tweet issued from President Muhammadu Buhari’s account, saying that it amounted to a threat of violence. Businesses and media organisations in Nigeria have been instructed to delete their Twitter accounts, and ordinary citizens risk arrest for using the app.
The Twitter ban comes just six months after another major shock to the local tech industry, when the Central Bank of Nigeria ordered banks to stop enabling cryptocurrency transactions.
Suddenly, Nigeria is losing its appeal for tech investors.
“The truth is that regulatory risk has been the chief concern for us investors for a while,” Tokunboh Ishmael, a former board chair at the Africa Venture Capital Association, told The Continent.
Through Alitheia Capital, an investment firm, she has helped to fund Nigerian startups, including Paga, MAX and Lidya. In each case, “regulatory risk has factored high in our risk matrix”.
For Nigerian startups, this means that they need to offer investors a higher return on their investment than in more stable markets, Ishmael said.
Tayo Oviosu, who founded Paga in 2009, says a handful of investors have mentioned regulatory risk as their reason for not investing in the mobile-payments company, but such occasions have been rare in the past.
“That said, all investors consider the macroeconomic situation of any country they invest in, particularly if investing in a regulated sector.”
Operating costs
The Twitter ban will not only make it hard for Nigerian tech companies to raise money; for some of them, it will also make it difficult to operate. With its estimated two million users in Nigeria, Twitter is an important platform for businesses.
Eloho Omame, founding chief executive of Endeavor Nigeria and co-founder of a new firm aiming to fund female-focused startups with $25 000 seed money, said Twitter has been “essential as a touchpoint” with the founders and startups it serves.
Her firm, FirstCheck Africa, is essentially a startup in need of a platform to tell its story and gain traction with the women who could found Africa’s next big thing. “A not-insignificant part of our investment pipeline relies on outreach on Twitter and a lot of our hiring is done via Twitter. The ban has disrupted all of that. None of the alternatives are as efficient.”
Twitter has become a customer-service-management platform for new startups looking to be lean and nimble. Part of the success of Piggyvest, a popular savings app, is that it went from zero to 450 users in a year with next to nothing spent on marketing, relying on Twitter for customer acquisition.
With the ban, startups have pushed notifications explaining that Twitter support is now deactivated.
An email from Fairmoney, a digital bank, offered a phone number, an email and a Facebook page as alternative customer-service channels. Risevest, a stock-trading app, included Instagram among its alternatives. Henry Mascot, founder of Curacel — which provides fraud-detection technology for insurance companies — says the company has had to hire a new team outside Nigeria to manage its Twitter feed. That means more spending.
Staying hopeful
Mascot says it’s too early to know how bad the effect of the ban will be. His investors, who helped Curacel raise $450 000 this March, are in for the long run, but he is concerned about the message to the broader ecosystem of investors.
Oviosu, the Paga chief executive, is optimistic and says investors will observe the Twitter ban as an isolated issue and won’t be deterred from the market. Victor Basta, managing partner of Magister Advisors, which has advised on multimillion-dollar deals in Africa, sees the negatives of a social-media ban but doesn’t expect spillovers to fundraising work. “We have multiple deals ongoing with Nigerian companies and we see no backlash from this step.”
But in the present, founders and investors agree that a continued pattern of arbitrary regulatory changes is sending the wrong signal to people considering Nigerian startups as a destination for their capital.
“A government that’s consistently hostile to technology sends a message that its economy is less credible as a destination for important future-focused investments of time and money,” Omame says. “We’re competing for talent and capital with ecosystems all over the world and we’re even further on the back foot.”
E-Business
NIMC Says NIN Services Back Online

National Identity Management Commission (NIMC) has announced the restoration of its National Identification Number (NIN) verification services nationwide.
This, according to the commission, follows the completion of a system maintenance exercise.
In a statement issued on Friday, the NIMC confirmed that all previously disrupted services have resumed.
“NIMC wishes to inform the general public that the recent technical maintenance has been completed and all services have been restored,” the statement read.
The NIMC urged Nigerians seeking to enroll for NIN to visit the its official website to locate the nearest enrollment centers.
The agency also encouraged individuals to make use of its self-service portal for tasks such as data modification, including name changes.
To further ease the verification process, the Commission recommended downloading the NIMC NameAuth app (oath.app) from the Google Play Store or Apple App Store for quick and secure NIN authentication.
NIMC expressed appreciation for the public’s patience during the service disruption, which had impacted banks, telecom providers, and government agencies that rely on NIN verification for their operations.
E-Business
Report Reveals African Organizations Dangerously Overestimating Cyber defences

Many businesses are overestimating their defence against cyber attacks, which creates a significant human risk blind spot. A new KnowBe4 report exposes a worrying disconnect between what leaders think about their cyber security readiness and what employees experience.
According to the KnowBe4 Africa Human Risk Management Report 2025, based on insights from cyber security decision-makers across 30 African countries, despite high awareness, a critical gap exists in turning that awareness into actual readiness and resilient behaviour.
Key findings from the KnowBe4 Africa Human Risk Management Report 2025:
Confidence vs awareness: While cyber security awareness is high, leaders express uncertainty about their workforce’s ability to act on that awareness. Many feel employees may overestimate their capabilities in recognising, reporting and mitigating threats.
The need for adaptive and personalised security awareness training: Many companies fail to personalise security awareness training to specific roles or risk exposures.
Widespread BYOD usage: A large percentage of employees (between 41% and 80%) use their personal devices for work.
AI policy development is lagging: Many companies (46%) are still in the process of developing policies for using AI tools in the workplace.
Regional variation: Southern Africa trains more, East Africa governs AI better and West/Central Africa sees the most human-related security incidents.
This gap is significant because Africa has become an attractive target to cyber criminals, especially those that launch AI-powered attacks. A LexisNexis Risk Solutions study found 60% of South African organisations have seen an increase in AI-facilitated financial crime – above the 56% global average.
Kehinde Popoola, regional manager and key representative for West and East Africa at Rubrik, said digital transformation is gaining momentum in Africa and companies are more exposed to cyber risk. The Rubrik executive adds that amid an increase in threats, it is crucial that organisations adopt an assumed breach mindset.
The KnowBe4 research shows that cyber security preparedness and the actual structures required to support secure behaviour seem misaligned.
The report highlights that just 10% of cyber security leaders are fully confident that staff would report a phishing attack or other cyber threat, despite rating employee security awareness of cyber threats at four out of five or higher.
There is also a significant perception gap between decision-makers and general employees in Africa regarding security awareness training, with 68% of leaders believing that training is tailored to roles, compared to only a third of employees feeling adequately trained.
KnowBe4 asserts that many organisations only conduct annual or biannual training that is too generic to effectively change behaviour, contributing to uncertainty about its effectiveness.
According to another report, the KnowBe4 African Cybersecurity and Awareness Report 2025, which focuses on end-user based responses, only 43% of African respondents felt confident in their ability to recognise a cyber threat, and just one in three believed their security awareness training was adequately tailored to their role. This comparison suggests the development of a dangerous perception gap in many organisations.
“There’s a disconnect here – between what leaders think is happening and what employees are actually experiencing,” says Anna Collard, SVP content strategy and evangelist at KnowBe4 Africa. “The data shows that without procedural and cultural follow-through, awareness simply doesn’t translate into readiness.”
“The continent’s cyber security posture may be more confident than it is truly resilient,” Collard adds.
E-Business
Domain of Deception as Attackers Deploy Spyware Under Guise of Legal Threats

Kaspersky has detected a rapidly escalating malicious campaign that has targeted over 1,100 corporate users since June 2025. The attackers pose as a legal firm and in their emails threaten recipients with lawsuits over alleged domain name patent violations, aiming to deploy malware.
Victims who opened and launched the attached files – that mimicked legal documents – had a Trojan installed on their devices, and the attackers could spy on the content of their screens. Organisations across healthcare, finance, and education sectors have been targeted.
The campaign began with 95 emails on June 11 and has since continued to escalate. Apart from claiming that the recipient’s domain name violates patented combinations of a major brand and threatening litigation, in the email the fake legal bureau also expresses the patent holders’ interest in acquiring the domain and offers getting acquainted with the details of the alleged violations by opening the attached archive with “documents”.
It is worth noting that the attackers, likely to avoid detection, attach an archive that is not password protected, and inside it includes another archive that is password protected and a file containing the password along with it.
After the user entered the archive password and clicked on the alleged legal document inside, a Trojan was installed on the device. The user saw a message displayed that read, “This document cannot be opened on this device. Try opening it on another windows device,” and simultaneously the Tor Browser was covertly downloaded and installed in the background.
Through it, the malware regularly sent snapshots of the user’s screen to the attackers over the Tor network. The malware also autostarts whenever the computer is restarted.
“This campaign is a sophisticated blend of psychological manipulation and technical deception, leveraging fear of legal action to coerce businesses into executing harmful files hidden in attached archives. Its rapid growth since June 11 underscores the urgency for organisations to bolster defenses.
Victims face the risk of losing their private data. Robust email security, employee training, and swift incident reporting are essential to counter this evolving threat,” comments Anna Lazaricheva, spam analyst at Kaspersky.
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