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NIMC: National Cybersecurity Policy will Address Security Lapses

By Emma Okonji and Nosa Alekhuogie The Director, Legal, National Identity Management Commission (NIMC), Hadiza Dagabana, has said the National Cybersecurity Policy and Strategy Document that was recently launched by President Muhammadu Buhari, will address several security issues in the country, including the enhancement of capacity building and infrastructure development within the country’s security architecture. Dangbana, who is also a member of the committee on National Cybersecurity Policy and Strategy, spoke about the importance of the document yesterday on ARISE NEWS Channel, the broadcast arm of THISDAY Newspapers. The National Cybersecurity Policy and Strategy Document, is the review of the 2014 document on cybersecurity, which sets a clear direction for the progressive use of the country’s cyberspace. It highlights priorities in dealing with the new forms of cyberspace criminalities and terrorism in the country, while promoting digital skills acquisition that will pr

Open Banking in Nigeria: What Next for Financial Services Sector

Introduction The Central Bank of Nigeria’s (CBN) recently released the Regulatory Framework for Open Banking in Nigeria, a document which the apex bank believes will provide an enabling regulatory environment that will eventually trigger the provision of innovative and customer-centric financial services in Nigeria, define risk-based data access levels and services through the safe utilisation and exchange of data and services, outline baseline and standards for data exchange among financial services sector participants while guiding operators in the handling of attendant risks and also promote healthy competition in banking. The CBN’s positioning in the past three years especially with regards to how easy they have endorsed disruption in the market makes this inevitable.

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