Author: ITPulse

Bright Anyanwu, chief compliance officer at YellowCard Financial Nigeria Limited and money laundering reporting officer for West, Central and East Africa at YellowCard Inc., has been shortlisted for the 2026 PICCASO Awards Europe in the Compliance Champion of the Year category. The nomination places Anyanwu among professionals being recognised for strengthening compliance standards and advancing responsible, ethical and effective business practices at a time when financial services organisations face increasingly complex regulatory, privacy, cybersecurity and financial crime risks. The PICCASO Awards, which recognise achievements across privacy, information security, compliance, culture, artificial intelligence, strategy and operations, have emerged as a platform…

Franklin Peters The new NRS guidelines represent a significant step towards formalising Nigeria’s digital asset economy. The real test, however, is whether they can be implemented in a way that encourages compliance, protects innovation and ultimately increases national revenue. For years, one of the loudest demands from Nigeria’s digital asset industry has been regulatory clarity. Businesses wanted certainty before investing. Financial institutions wanted clear rules before engaging. Consumers wanted stronger protections. Government sought greater visibility into an increasingly important segment of the economy. The release of the Nigeria Revenue Service’s (NRS) guidelines on the taxation of digital and virtual assets…

Report by Debola Ibiyode, founder and executive director of the AI (Adebola Ibiyode) Empowerment Foundation, and founder and CEO of CarbonAI | A review of artificial intelligence adoption across Nigeria paints a picture of a nation racing to use AI, while still struggling to build it (The study was conducted by OLGNova and AI in Action Now an initiative by AI Empowerment Foundation) Scroll through your phone, walk into a hospital, visit a government office, or ask a Nigerian smallholder farmer about their planting decisions. Chances are, artificial intelligence is already part of the picture. Nigeria’s engagement with AI has…

The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa has called for stronger inter-agency collaboration among government regulators to accelerate the rollout of Nigeria’s National Regulatory Sandbox. Speaking through the National Coordinator of the Office for Nigerian Digital Innovation (ONDI), Ms. Victoria Fabunmi, at the National Regulatory Sandbox Governance and Implementation Planning Workshop in Abuja, Inuwa emphasized that inter-agency cooperation is the cornerstone of an innovation-friendly regulatory ecosystem. The Abuja workshop marks a crucial transition for the initiative, shifting focus from the design phase to implementation, where participating regulators will refine and validate the sandbox’s governance…

The National Information Technology Development Agency (NITDA) has posited that strategic partnership with various higher institutions across Nigeria are critical to nurturing innovation ecosystems, equipping citizens with practical skills, and positioning Nigeria as a hub for technology-driven development. This position was taken when the management team of Yakubu Gowon University (UniAbuja), led by the Vice Chancellor, Prof. Hakeem Fawehinmi, paid a familiarisation visit to the agency’s corporate headquarters in Abuja. Speaking during the visit, Director General of NITDA, Kashifu Inuwa, noted that commiting to advancing integrated research across Nigerian universities to develop technology-driven solutions will help to solve real-life local…

By Remi Afon INTERPOL’s latest African Cyberthreat Assessment should serve as a stark wake-up call for Nigeria. The report reveals that artificial intelligence was linked to more than half of all cybercrime cases reported by surveyed African nations in 2025. This does not mean AI creates cybercrime on its own; rather, criminals are weaponising AI to render existing schemes faster, cheaper, more convincing, and infinitely scalable. Phishing emails that once failed the basic literacy test are now generated with polished, professional prose in seconds. Bad actors can clone voices, manipulate videos, forge synthetic identities, and launch hyper-personalised scams at scale.…

Transaction Guard icon on the PalmPay app As fraud tactics become more sophisticated, protecting your money requires more than keeping your password private. Fraudsters may use phishing links, fake customer-service calls, stolen phones, or compromised login details to gain access to financial accounts. PalmPay’s Transaction Guard gives you greater control by allowing you to set per-transaction, weekly, or monthly transfer limits and require facial verification for transactions above those limits. Here are three situations where it can save the day: Being Tricked Into Sharing Sensitive Information Scammers often pose as customer service agents or trusted contacts to trick people into…

The Digital Assets Coalition (DAC), an industry alliance representing digital asset operators and participants in Nigeria, has warned that the newly released guidelines on the Taxation of Virtual Assets is a threat to destabilize the country’s $92 billion digital asset market. The coalition raised the alarm during a press conference in Lagos today following the publication of Information Circular No. 2026/21 by the Nigeria Revenue Service (NRS). The new administrative framework sets tax, valuation, and compliance obligations for Virtual Asset Service Providers (VASPs), peer-to-peer (P2P) platforms, and retail users. But in its formal position paper titled “Tax the Profit, Not…

The 12th edition of the eWorld Forum will hold on Thursday, September 24, 2026, at the Oriental Hotel, Victoria Island, Lagos, under the theme: “The GSM Digital Milestones: 25 Years On.” Since its inauguration in 2010, the eWorld Forum has established itself as one of Nigeria’s foremost platforms for dialogue on information and communications technology (ICT), bringing together policymakers, regulators, industry leaders, telecommunications operators, technology innovators, investors, academics, and other stakeholders to shape the future of Nigeria’s digital economy. This year’s edition commemorates the 25th anniversary of Nigeria’s GSM revolution, which began with the commercial launch of GSM services in…

By Martin Ekpeke The Co-Chair of the Technical Working Group for Nigeria’s National Sovereign Cloud Initiative, Engr. Ikechukwu Nnamani, has called for a decisive shift toward national data localization, warning that relying on foreign entities to store critical national data poses serious security and economic risks. Giving a remark at the official signing of the National Sovereign Cloud Framework in Abuja, Engr. Nnamani, who is also the CEO of Digital Realty commended the Director-General of the National Information Technology Development Agency (NITDA), Mal. Kashifu Inuwa for ensuring the working group’s recommendations were designed for enforcement rather than remaining theoretical research.…