CBN directs banks to stop 0.5% cybersecurity charges

The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to stop the implementation of 0.5 percent cybersecurity charges on electronic transactions. This was disclosed in a circular to all commercial, merchant, non-interest, payment service banks, other financial institutions, mobile money operators and payment service providers. The circular was jointly signed by Chibuzor Efobi, […]

Network providers decry unfavourable business environment

Network providers in Nigeria has decried that the impact of the nation’s economy on their businesses, stating that the telecommunications sector has become a ‘painful’ destination for investment. The telecommunication leaders disclosed this at the launch of Nigeria Digital Economy Report by GSMA, in Abuja on Thursday. Karl Tariola, the Chief Executive Officer of MTN, […]

Lagos-Calabar highway: Telcos fear shutdown as construction threatens cables

•Undersea fibre cables linking Europe to Nigeria pass through construction corridor – ALTON, ATCON Barely 48 hours after Multichoice alerted subscribers to a three-day technical downtime, telecommunication companies have expressed concern over possible connectivity disruptions as construction advances on the 700km Lagos-Calabar Coastal Highway. While the DStv and GOtv owner acknowledged the anticipated impact of […]

Hackers targeting personal info on laptops with new software, NITDA warns

The National Information Technology Development Agency (NITDA) has warned that hackers are targeting the systems of both organisations and individuals to steal their sensitive information, including personal and confidential data. The attack is via a software called Info Stealer Malware, which has become increasingly rampant recently, the agency said in an advisory on Tuesday. The […]

N16,000 To Correct Date Of Birth – NIMC Lists Fees For Correcting NIN, Biodata On Mobile App

Nigerians are now required to pay N16,000 to correct their date of birth on the National Identity Management Commission (NIMC) mobile application. Naija News reports that the NIMC recently unveiled the charges that Nigerians must pay in order to update the information on their National Identification Number (NIN). In a post via its official X handle […]

Fraudsters now exploit QR codes, NITDA warns

The National Information Technology Development Agency (NITDA) has warned that fraudsters are now exploiting QR codes to deceive unsuspecting users. The agency noted that QR codes’ speed and convenience in accessing information and taking action have made them a tool exploited by scammers for fraudulent activities. Read also: NITDA warns Nigerians of malware spread on Facebook […]

SIM-NIN: 10 million lines to be disconnected after Friday

About ten million telephone lines will be disconnected when telecommunication firms start barring subscribers with unverified National Identity Numbers (NINs) from March 29, 2024. A directive from the Nigerian Communications Commission mandates telcos to bar lines whose NINs have been submitted but not verified by March 29, 2024, and bar those with less than five lines linked […]

NCC insists on SIM-NIN deadline, telcos bar lines Friday

Telecommunication companies will disconnect more Subscriber Identity Module (SIM) numbers not linked to National Identification Numbers (NIN) on Friday, March 29, 2024, the Nigeria Communications Commission has said. The Director of Public Publicity at the NCC, Reuben Mouka, told The PUNCH on a telephone call that that there would be no changes to the deadline […]

Scroll to top