Nigeria & Mastercard

Nigeria: Nigeria is another key country for the initial rollout of Mastercard's Cybersecurity Center of Excellence, aiming to strengthen its digital economy and build resilience against cyber threats, as it ranks among the most affected markets for ransomware and dark-web activity.

Mastercard: Mastercard launched the Africa Cybersecurity Center of Excellence, reinforcing its commitment to Africa's digital transformation and expanding its role from a payments network to a cyber intelligence partner, which is expected to enhance its reputation and market position.

Nigeria: Nigeria is highlighted as a high-potential e-commerce market, with Aramex opening a warehouse and Jumia seeing 50% growth; UN estimates $75 billion in e-commerce in 2025.

Mastercard: Mastercard provided data on South Africa's online retail growth, indicating its role in tracking e-commerce trends.

Nigeria: Nigeria is both a major source and target of cybercrime, with 5,822 ransomware detections and a compromised national statistics bureau, highlighting its dual role.

Mastercard: Mastercard contributed data to the report, reflecting its role in cybersecurity intelligence and its exposure to cybercrime risks in the region.

Nigeria: Nigeria is a key market for Yellow Card Financial, which is seeking licensing under the SEC's ARIP. The funding may support its regulatory compliance and expansion in the country.

Mastercard: Mastercard has a strategic partnership with Yellow Card Financial, which may strengthen its position in digital payments.

Nigeria: Nigeria is one of the countries where Mastercard's Africa Cybersecurity Centre of Excellence will have a phased rollout, strengthening cyber resilience in the region.

Mastercard: Mastercard recently launched its Africa Cybersecurity Centre of Excellence, with a phased rollout in South Africa and Nigeria, to enhance cyber resilience and secure digital growth across the continent.

Mastercard: The separation advances a deal struck in 2023 between MTN Group and Mastercard, with the fintech spinoff forming part of the process to complete the Mastercard arrangement.