Virtual Assets, Cryptocurrencies Risky for Nigeria – ICPC Boss

The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, SAN, on Tuesday said virtual assets and cryptocurrencies are risky for implementation in Nigeria. Prof. Owasanoye made this known in his presentation to the Senate Committee on Banking, Insurance and Other Financial Institutions during its hearing on the Central Bank of Nigeria’s decision to stop financial institutions from transacting … Continue reading Virtual Assets, Cryptocurrencies Risky for Nigeria – ICPC Boss

We need to curb criminalities, use internet for National security and economic progress – Buhari

President Muhammadu Buhari Tuesday in Abuja called for an overhaul of the national strategy on cyber security, urging more emphasis on exploring the internet for economic growth opportunities, enhancement of knowledge and mitigation of crime. “I urge the National Security Adviser to continue to coordinate the efforts of all stakeholders to ensure that our Internet and cyberspace are used for the enhancement of national security … Continue reading We need to curb criminalities, use internet for National security and economic progress – Buhari

Telecoms Sector, others Take Nigeria out of Recession as Sector Boosts GDP by 12.45% – NCC

Nigeria’s telecommunications industry, regulated by the Nigerian Communications Commission (NCC), is one of the sectors whose performance lifted the country out of recession in the fourth quarter of 2020, contributing 12.45 percent to the country’s Gross Domestic Product (GDP). According to the latest data released by the National Bureau of Statistics (NBS), telecommunications & Information Services under Information and Communication grew by 17.64 per cent … Continue reading Telecoms Sector, others Take Nigeria out of Recession as Sector Boosts GDP by 12.45% – NCC

US Govt Gives Details Of How Ramon ‘Hushpuppi’ Laundered Funds For North Korean Bank Hackers

New details have emerged about the case against Instagram influencer, Ramon Abbas, alias Hushpuppi who wowed the internet with pictures of his clothes, cars, money and lifestyle between 2012 and 2020, Forbes reported on Friday. In July 2020, Hushpuppi was charged by the United States Attorney’s Office in Los Angeles with conspiring to launder hundreds of millions of dollars from “business email compromise” (BEC) frauds … Continue reading US Govt Gives Details Of How Ramon ‘Hushpuppi’ Laundered Funds For North Korean Bank Hackers

NIN mandatory for bank account opening, voter registration – Pantami

Isa Pantami, minister of communications and digital economy, says the national identification number (NIN) is compulsory for transactions such as bank account opening, payment of taxes and voter registration. Speaking in Abuja on Thursday, he said the government is determined to ensure that all citizens have NIN. Pantami quoted section 27 of the National Identity Management Commission (NIMC) act as stating that benefitting from government … Continue reading NIN mandatory for bank account opening, voter registration – Pantami

NCC Alerts on Cloned Facebook Account

In the course of its regular online surveillance aimed at protecting telecoms consumers and industry stakeholders, the Nigerian Communications Commission (NCC) has discovered a spurious Facebook Account purporting to be that of the Commission. We have since contacted Facebook Team to take down the fake account. The fraudulent Facebook account with the name: “Nigerian Communications Commission – NCC – Info Zone” was opened by unidentified … Continue reading NCC Alerts on Cloned Facebook Account

Regulating local content is transforming Nigeria’s economy – DG NITDA

The Director General of National Information Technology Development Agency (NITDA), Mallam Kashifu Inuwa Abdullahi CCIE, said that regulating indigenous content development and adoption is one of the strategic pillars that is transforming Nigeria’s economy, as well as putting the country on the right to tract in achieving Digital Economy. Abdullahi said this at an online webinar on Local Content Policy in the ICT Sector with … Continue reading Regulating local content is transforming Nigeria’s economy – DG NITDA

Babalakin’s MMA2 imports US $500,000 worth X-ray machines, upgrades air conditioning system

Nigeria’s flagship privately operated airport terminal, Murtala Muhammed Airport Terminal 2, (MMA2) Lagos is embarking on a massive upgrading of its X-ray machine and air conditioning systems for passengers safety, security and comfort. The Dr. Wale Babalakin’s Bi-Courtney Aviation Services (BASL) operated MMA2,Lagos, has just spent about US $500,000 (Five hundred thousand US Dollars) importing a sizeable number of X-ray machines to enhance and accelerate … Continue reading Babalakin’s MMA2 imports US $500,000 worth X-ray machines, upgrades air conditioning system

CBN Bans Banks From Facilitating Transactions Related To Cryptocurrency

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks, Non-Financial Institutions and other financial institutions to close all cryptocurrency-related accounts. The bank said this in a circular to all deposit money banks and others on Friday, signed by the duo of the director of banking supervision Bello Hassan and the director, payments system management department, Musa Jimoh. The statement reads: “The Central Bank … Continue reading CBN Bans Banks From Facilitating Transactions Related To Cryptocurrency

Electric Cars: Digital ecosystem will create value, wealth, prosperity for Nigeria – DG NITDA

The Director General, National Information Technology Development Agency, (NITDA) Mallam Kasifu Inuwa Abdullahi, CCIE, reiterated that ecosystem is a sure way in creating value, wealth and prosperity, especially now that Nigeria is on its course to become one of the leading digital economies in the world. Abdullahi made this remarks today, in Abuja, during the unveiling ceremony of the first Nigerian assembled Hyundai KONA Electric … Continue reading Electric Cars: Digital ecosystem will create value, wealth, prosperity for Nigeria – DG NITDA