The complexity in interpreting and applying specific provisions of the Cybercrime Act 2015 stifled national cybersecurity efforts in the face of well-organised cyber syndicates and well-funded terror adversaries.

Naira Drops to N1,410 per Dollar in Parallel Market The Naira yesterday depreciated to N1,410 per dollar in the parallel market, from N1,395 per dollar last weekend. However, the Naira appreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,354.21 per dollar. Data from FMDQ showed...

The Central Bank of Nigeria (CBN) has exempted 16 items from 0.5 percent Cybersecurity levy on all electronic transactions.

Nigeria-UK Trade Worth £7bn, Says British Envoy Richard Montgomery, the British high commissioner to Nigeria, says trade relations between Nigeria and the United Kingdom (UK) are about £7 billion. Montgomery spoke in an interview with NAN in Abuja on Sunday. He said Nigeria and the UK signed...

Oyetola Rallies Stakeholders on Removing Barriers to Investments in Maritime Sector The Minister of Marine and Blue Economy, Adegboyega Oyetola, has charged heads of agencies and parastatals in the Ministry to redouble their efforts in ensuring the realisation of the presidential mandate on investment drive. Oyetola...

NCS Increases FX Rate for Import Duties to N1,441/$ The Nigeria Customs Service (NCS) has increased the foreign exchange (FX) rate for import duties to N1,441.58 per dollar. The increase represents a 4.94 percent as against the N1,373.64/$ adopted on May 1. The rate adopted by customs...