The Central Bank of Nigeria (CBN) has issued new guidelines for improved cybersecurity in the Nigerian financial system, particularly among the Other Financial Institutions (OFIs). The guidelines outline the requirements the OFIs were requested to observe in the development and implementation of strategies, policies, procedures and related activities aimed at mitigating cyber risks. The apex […]
The Group Managing Director (GMD) of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, has hinted that over 200 illegal refineries are operating in the country, even as efforts to reactivate government-owned refineries are yet to yield the desired results. Kyari gave this hint when he appeared before the House of Representatives Joint […]
The Nigeria Deposit Insurance Corporation (NDIC) has advocated the need for stronger collaboration between it and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on the implementation of the National Anti-Corruption Strategy (NACS) in the corporation. The corporation’s Chairman, Mrs. Ronke Sokefun, was quoted in a statement by the Director, Communication and Public […]
The Nigeria Customs Service (NCS), Ogun 1 Area Command, reported that it seized contrabands worth N1.3 billion from May to June this year in Ogun State and its environs. The Area Comptroller, Bamidele Makinde, gave this hin on Monday during a press briefing on major highlights of the Command’s operations during the two-month period, in […]
The Securities and Exchange Commission (SEC) Nigeria has unveiled plans to give capital market participants unique identifiers in its bid to frontally address fraudulent acts in the capital market as well as reduce to the barest minimum the quantum of unclaimed dividends, The Director General of the commission, Mr. Lamido Yuguda, who gave this hint […]
The Nigeria Customs Service (NCS) Western Marine Command (WMC) has intercepted 32 sacks of Cannabis Sativa with a street value of N168 million. The Command’s Controller, Comptroller Abubakar Umar, who made this disclosure on Thursday during his maiden media briefing on the command’s activities from February to May this year in Lagos, said the Command […]
The Securities and Exchange Commission (SEC) Nigeria has said that the Identity Management System being developed by the capital market will tackle the lingering identity management issues while allowing room for scalability as technology evolves. Director General of the SEC, Mr. Lamido Yuguda, gave this assurance when he received members of the Committee on Identity […]
The Nigerian Communications Commission (NCC) has expressed its readiness to safeguard the nation’s cyberspace through policy and other regulatory measures to ensure credible outcomes of the 2023 general elections. The commission’s Executive Vice Chairman, Prof. Umar Danbatta, who gave this assurance at a two-day symposium focused on Internet Governance and Safeguarding the Cyberspace on Monday […]
Following the ongoing investigations of the Accountant-General of the Federation (AGF), Alhaji Ahmed Idris by the Economic and Financial Crimes Commission (EFCC) over alleged financial impropriety, the federal government has appointed Mr. Anamekwe Nwabuoku to oversee the operations of the office. Nwabuoku’s appointment, which will subsists while Ahmed’s investigation continues, was conveyed to him in […]
The Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Aeroland Travels Limited, and its directors over an indebtedness of N1.8 billion. The corporation’s spokesperson, Jude Nwauzor, who disclosed this in a statement on Monday, said the takeover was sequel to the order of Justice D.E. Osiagor of the Federal High Court, […]