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The European Data Protection Supervisor: “Strategy for EU institutions to comply with “Schrems II” Ruling”

The European Data Protection Supervisor (EDPS) issued today a strategic document aiming to monitor compliance of European institutions, bodies, offices and agencies (EUIs) with the “Schrems II” Judgement in relation to transfers of personal data to third countries, and in particular, the United States.

Nigeria’s Earnings Threatened As Oil Sheds $2.33/barrel

Nigeria’s Earnings Threatened As Oil Sheds $2.33/barrel       Brent, the oil against which Nigeria’s crude is benchmarked, dropped in price on Wednesday, shedding $2.33/barrel. The bulk of Nigeria’s foreign exchange earnings comes from the sale of crude oil and a crash in global oil prices often leads to a drop in the country’s […]

Banks, Telcos In Talks To Settle N17bn USSD Debt

Banks, Telcos In Talks To Settle N17bn USSD Debt       Commercial banks and mobile network operators have commenced discussion on how the N17bn accumulated debt for Unstructured Supplementary Service Data access will be paid. Findings showed the two parties would reach an agreement on modalities for payment soon. Confirming this to Economic Confidential, […]

W/Bank Pledges $72m For States’ Land Administration Records

W/Bank Pledges $72m For States’ Land Administration Records       The World Bank has expressed willingness to give each state of the federation a grant of two million dollars to enable them to update their property records. This, however, is based on the condition that benefiting states capture at least 50 per cent of […]

NIRSAL MFB Gets Framework For N75bn Youth Fund Disbursement

NIRSAL MFB Gets Framework For N75bn Youth Fund Disbursement       The Central Bank of Nigeria has released the framework for NIRSAL Microfinance Bank to commence the disbursement of the N75bn Nigeria Youth Investment Fund. It said this in its statement titled ‘Framework for the operation of the NIRSAL Microfinance Bank window of the […]