.…..Nullifies CBN’s Naira redesign policy The Supreme Court on Friday ruled that Nigerians can continue to spend their old N200, N500 and N1,000 notes until 31 December, 2023. With the ruling, the apex court has invalidated the subsisting President Muhammadu Buhari’s pronouncements and the Central Bank of Nigeria’s (CBN’s) directives on the cash swap […]
The Minister of Communications and Digital Economy, Prof. Ali Ibrahim Pantami, on Thursday inaugurated a Committee led by the Chairman of the Nigerian Communications Commission (NCC), Prof. Adeolu Akande, to advise government on appropriate measures to take in protection of the nation’s cyberspace and ICT infrastructure from potential attacks, especially during the 2023 elections. The […]
The Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPCL), Mallam Mele Kyari, has projected that Nigeria’s crude oil production output would soon hit the 1.8 million barrels per day (mb/d), quota set by the Organisation of Petroleum Exporting Countries (OPEC) for the country. Kyari made this forecast at a conference chaired by […]
The Nigerian Communications Commission’s Computer Security Incident Response Team (NCC-CSIRT) has issued some advisories to Nigerians as cybercrime actors continue to devise means of compromising targets users’ data and other vital information. The commission stated that the team’s latest of such advisories advised users to be cautious after attackers use Microsoft OneNote attachments in phishing […]
The Supreme Court on Wednesday ordered the Central Bank of Nigeria (CBN) to suspend its current old banknotes’ withdrawal drive aimed at completely withdrawing old Naira notes from circulation effective from this Friday, February 10, nationwide. The apex bank’s ruling was sequel to a suit filed by governors Nasir El-Rufai (Kaduna), Yahaya Bello (Kogi) and […]
Nigeria and Republic of Niger have signed a bilateral agreement for coordination of frequency utilisation along their borders to ensure seamless deployment of services around within the two countries. The agreement signing ceremony was one of the highlights of the two-day Digital Economy Regional Conference hosted by the Nigerian government and facilitated by the Federal […]
The Nigeria Data Protection Bureau (NDPB) has unveiled plans to set up an Accelerated Data Protection Remediation unit to address petitions from data users, especially those who feel that their data have been breached by any organisation to present their case for speedy resolution. According to the Bureau, the unit will operate during the National […]
The Financial Institutions Training Centre (FITC), a non-profit organization providing knowledge-based ICT solutions to clients in Nigeria’s and other African countries’ financial system, has reported that bank customers in Nigeria lost N1.17 billion to fraud in Q2 2022. Based on the findings of its study on the banking sector, the organization reported that data from […]
The Nigeria Customs Service (NCS), Onne Area ll Command has reported that it generated N242 billion revenue in year 2022, up from the N188.7 billion it raked into Federation Accounts in the preceding year. The Customs Area Controller, Auwal Mohammed, who gave these figures in a statement issued at the weekend, linked the improved performance […]
In furtherance of its efforts to ensure that the provisions of the Money Laundering Act are fully complied with in the nation’s public finance system, Nigerian Financial and Intelligence Unit (NFIU) on Thursday announced a total ban on cash withdrawal from Public Accounts and payment of Estacode and travel allowances in cash and criminalized it. […]