AfrikNews

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NITDA: Enhancing ICT Tools To Combat Crimes

NITDA: Enhancing ICT Tools To Combat Crimes By Inyene Ibanga     It is no longer news that in Nigeria today, several internet assisted crimes known as cybercrimes are committed daily in various forms, such as fraudulent electronic mails, pornography, identity theft, hacking, cyber harassment, spamming, Automated Teller Machine spoofing, piracy and phishing. Even though this […]

We’ll Pursue Expansion Policies To Fight Recession, Says CBN

We’ll Pursue Expansion Policies To Fight Recession, Says CBN         The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said the bank will pursue expansionary monetary policies to fight recession because the fiscal policy was already constrained. Emefiele said this was necessary to curb the rising inflation and address […]

Nigeria’s Forex Reserves Drop By $47.3m

Nigeria’s Forex Reserves Drop By $47.3m       Nigeria’s foreign exchange reserves suffered its first decline in recent weeks at the weekend as dreary global crude oil prices, dollar recovery and domestic pressure on the controlled exchange rate heightened fears of further depreciation in naira. Nigeria’s foreign exchange (forex) reserves dropped by $47.33 million […]

<div>S&Ds Group ask for worldwide protection of online consumers</div>

S&D members in the European Parliament’s legal and consumer protection committees have stated their demands for a safer internet for users, ahead of the European Commission’s much-awaited presentation of the new Digital Services Act. The main purpose of this legislation must be to provide the same type of protection both online and offline. Moreover, S&Ds ask that foreign companies based abroad, such as Amazon, fully comply with European consumer laws.
Alex Agius Saliba, S&D negotiator on the Digital Services Act, said:

32 States Not Remitting Workers’ Contributory Pensions – PenCom

32 States Not Remitting Workers’ Contributory Pensions – PenCom     While five states are regularly funding the accrued rights and Retirement Savings Accounts of their workers under the Contributory Pension Scheme, all the states have backlog of arrears that make retirees to wait for a few years after retirement before they get paid. All […]

Real Estate Developers Laud CBN N200bn Intervention Fund

Real Estate Developers Laud CBN N200bn Intervention Fund       The Real Estate Developers Association of Nigeria has praised the Central Bank of Nigeria for its N200bn housing intervention programme targeted at low income earners. According to a statement issued by the association on Sunday, the fund is to fast track the construction of […]

‘Naira Depreciation In Parallel Market To Continue’

‘Naira Depreciation In Parallel Market To Continue’       Analysts have predicted that the depreciation of the naira in the parallel market will continue due to back-log of unsatisfied demand for dollars. They also cited rising dollar demand owing to increased economic activities due to reduction in COVID-19 induced restrictions. The naira depreciated further […]