The Central Bank of Nigeria has reduced the cybersecurity levy on electronic transactions from 0.5 per cent to 0.005 per cent in its new fiscal guidelines for 2024-2025. This reduction follows the controversial introduction of the levy earlier in the year, which was met with opposition from both the Nigeria Labour Congress, Trade Union Congress, and bank customers. “The CBN shall continue to enforce the payment of the mandatory levy of 0.005 per cent on all electronic transactions by banks and other financial institutions, by the Cybercrime (Prohibition, Prevention, etc.) Act, 2015.” The levy, introduced under the Cybercrime (Prohibition, Prevention,…
Author: UZDO Media
The Niger State Government has disclosed that it would spend over 50 per cent of its 2025 budget on education and health. The state governor, Mohammed Bago, gave the assurance on Wednesday during the symbolic distribution of kitchen utensils to boarding schools and classroom furniture at the Educational Resource Centres, Minna. Bago further disclosed that N1.8 billion has been earmarked as a matching grant to the Universal Basic Education Commission, stressing that his administration was committed to the timely payment of counterpart funds to support educational projects in the State. The governor who was represented by the Secretary to the…
The development of artificial intelligence should not be guided by market forces alone, United Nations experts cautioned on Thursday, calling for the creation of tools for global cooperation. But they held back from suggesting the creation of a muscular worldwide governing body to oversee the rollout and evolution of technology, the proliferation of which has raised fears around biases, misuse, and dependence. The panel of around 40 experts from the fields of technology, law, and data protection was established by UN Secretary-General Antonio Guterres in October. Their report, published days before the start of a high-profile “Summit of the Future,” raises…
The Nigeria Customs Service, Kirikiri Lighter Terminal said it intercepted 51.25 kilogrammes of cannabis indica valued at N256 million in September. In a statement released on Thursday, the Customs Area Controller in charge of the command, Joy Edeldouk, disclosed this while handing over the seized hard drugs to officers of the Nigerian Drug Law Enforcement Agency at the command in Apapa, Lagos Edeldouk added that the act violates the provision of the Nigeria Customs Service Act 2023, Section 55 sub-section 1C and 1F. She maintained that the interception was a testament to the command’s continued dedication and commitment to safeguarding…
The Lagos State Government has decried the use of sub-standard materials by building contractors, saying it poses high risks to lives and investments. This is just as it has charged engineers on collective and deliberate professional contributions in averting building disasters across Lagos State. The General Manager of the Lagos State Materials Testing Laboratory Agency, Olayinka Abdul made the call while speaking to a team of executive members of the Nigerian Institute of Builders in her Office. According to a statement by the spokesperson of the Agency, Salehu-Badejo Abimbola, on Wednesday, the LSMTL general manager called for a working synergy…
A second deadly wave of unprecedented explosions in the strongholds of Lebanon’s Hezbollah left it in disarray on Thursday, hours before a major speech by its beleaguered leader Hassan Nasrallah. The latest batch of device explosions killed 20 people and wounded more than 450 others on Wednesday, officials said, stoking fears of a full-blown war with Israel. The blasts came a day after the simultaneous detonation of pagers used by Hezbollah killed 12 people, including two children, and wounded up to 2,800 others across Lebanon, in an unprecedented attack blamed on Israel. Walkie-talkies used by its members exploded in the…
18th September 2024 Which celebrity slayed the 1960 looks best at Mo Abudu’s 60th birthday? Of course, turning 60 is no small milestone, and when you’re Mo Abudu, it calls for an unforgettable celebration. The media mogul grandly marked her big day on September 11, pulling out all the stops to celebrate her 60th birthday in style. Celebrities stepped out in full 1960s glam for the celebration, channeling the era’s elegance with their outfits. But what’s your own estimation of this grand celebration? All rights reserved. This material, and other digital content on this website, may not be reproduced, published,…
US authorities on Wednesday said Iranian cyberattackers had offered “stolen, non-public” material from Republican presidential candidate Donald Trump’s campaign to staff for his then White House rival, Joe Biden. US intelligence and law enforcement agencies said the hackers “sent unsolicited emails to individuals then associated with President Biden’s campaign that contained an excerpt taken from stolen, non-public material from former president Trump’s campaign.” Biden was at the time the Democratic presidential nominee, before dramatically stepping aside in July and endorsing his vice president, Kamala Harris. The joint statement from the US Office of the Director of National Intelligence, the Federal…
Japanese firm, Icom, said on Thursday that it had stopped producing the model of radios reportedly used in recent blasts in Lebanon about 10 years ago. “The IC-V82 is a handheld radio that was produced and exported, including to the Middle East, from 2004 to October 2014. “It was discontinued about 10 years ago, and since then, it has not been shipped from our company,” Icom said in a statement. “The production of the batteries needed to operate the main unit has also been discontinued, and a hologram seal to distinguish counterfeit products was not attached, so it is not…
Republican candidate, Donald Trump, railed against illegal immigrants on Wednesday and pledged to visit an Ohio town simmering with racial tensions fueled by his campaign’s conspiracy theories. This is as the United States Vice President, Kamala Harris, courted minority voters and relished a poll bump in key swing states. The Republican ex-president, whose hardline anti-immigrant rhetoric has become a centrepiece of his election campaign, told a boisterous rally on New York’s Long Island that he would visit Springfield “in the next two weeks.” Trump and his running mate, J.D. Vance, have repeatedly falsely claimed that immigrants from Haiti were eating…