Economy

Aug
30
2021
By OHAFIATV
CBN releases framework to strengthen cyber security resilience in OFIs

CBN releases framework to strengthen cyber security resilience in OFIs

Economy, Politics, , , ,
The Central Bank of Nigeria (CBN) on Tuesday released a  framework to protect Other Financial Institutions (OFIs) against cyber attacks. This was contained in a memo by Nkiru Asiegbu, CBN’s Director, Other Financial Institutions Supervision Department, addressed to the office. Asiegbu said that the framework was necessitated by the number and sophistication of cybersecurity threats and attacks against the OFIs. “Due to the recent increase in the number and sophistication of cyber security threats and attacks OFIs, it has become necessary and mandatory for the sub-sector to strengthen its cyber resilience if it is to remain safe and sound. “Consequently,…
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Aug
30
2021
By OHAFIATV
If we’re not careful, we’ll be chased out of Abuja – Rotimi Amaechi

If we’re not careful, we’ll be chased out of Abuja – Rotimi Amaechi

Economy, Politics, , , , , ,
The Minister of Transportation, Rotimi Amaechi, has accused the political elites of burning the resources of Nigeria, saying deprived Nigerians would one day chase them out of Abuja. Amaechi said some big men have relocated from their states to Abuja because they do not feel safe in their home states. He also said secessionist agitations in the country should not be seen as a problem, saying economic deprivation and injustice are the reasons some groups are calling for a break-up. Amaechi said both Nigerians in the northern and southern regions are deprived, adding that injustice did not start from President…
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Jul
29
2021
By OHAFIATV
Buhari vows increased education spending over the next four years

Buhari vows increased education spending over the next four years

Economy, Education, Politics, , , , , , ,
President Muhammadu Buhari has pledged that Nigeria will increase its budget for education as a sign of commitment to its citizens. The 78-year-old made the pledge at the Global Education Summit on Financing Global Partnership for Education (GPE) 2021-2025 in London, the United Kingdom on Wednesday, July 28, 2021. He said Nigeria will progressively increase annual domestic education expenditure by 50% over the next two years, at the end of which his second term tenure will end. The president also committed Nigeria to increase the annual expenditure by up to 100% by 2025, beyond the 20% global benchmark. “We fully…
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Jul
12
2021
By OHAFIATV
Open grazing ban: There’ll be no peace – Fulani group warns Southern govs

Open grazing ban: There’ll be no peace – Fulani group warns Southern govs

Economy, News, Politics, , , , ,
A Fulani group, Gan Allah Fulani Development Association, GAFDAN, has warned against the resolution of Southern governors to ban open grazing. GAFDAN said a ban on open grazing would lead to a breakdown of peace between Northerners and Southerners. The group insisted that the decision of the governors would groom hatred between Southerners and Northerners. Southern governors under the umbrella of the Southern Governors’ Forum, SGF, had agreed to ban open grazing in their region. During their meeting in Lagos State, the governors agreed that the ban would take effect from September 1. However, GAFDAN’s National Secretary, Ibrahim Abdullahi, described…
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Oct
29
2020
By OHAFIATV
Mark Zuckerberg tells US Congress to upend the internet

Mark Zuckerberg tells US Congress to upend the internet

Economy, News, Politics, , , , ,
Facebook supports rewriting Section 230, and it’s starting to lay out the changes it wants. That’s the big takeaway from a nearly four-hour grilling of Facebook CEO Mark Zuckerberg, Alphabet CEO Sundar Pichai, and Twitter CEO Jack Dorsey. The point was quickly lost in a pre-election political scuffle — but in the coming months, it’ll be one of the most important things to watch. Yesterday, the Senate Commerce Committee held a hearing about Section 230 of the Communications Decency Act, a foundational internet law. The event was supposed to examine whether Section 230 protections — which protect web services and sites of all…
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