Economy
ONSA to Hold Cybersecurity Workshops for Capital Market, Others
By Adedapo Adesanya
The Office of the National Security Adviser (ONSA) is set to organise cybersecurity workshops across seven sectors from September to December 2021.
The three-month workshop will cut across telecommunications, defence and security, education, finance and capital market, energy, professional organisations, the private sector and the judiciary.
This was disclosed by the Head, Strategic Communication, ONSA, Mr Z. M. Usman, in a press release. He noted that the decision to organise the seminars was reached after deliberations at the 7th Meeting of the Cybercrime Advisory Council, convened by the National Security Adviser, Mr Babagana Monguno on Monday.
He said that as part of ongoing initiatives to achieve the strategic objectives of the National Cybersecurity Policy and Strategy 2021, the workshop series will provide information, strengthen cybersecurity governance and coordination, and build the capacity of relevant stakeholders on their responsibilities under the National Cybersecurity Policy and Strategy.
In addition, “The workshops will also sensitise stakeholders on the expected deliverables, projected timelines and key performance indicators as required in the Action Plan for the Strategy Implementation.
“The National Cybersecurity Sensitization Programme will commence with the Defence and Security Sector on 15 and 16 September 2021. The workshops for other sectors will be conducted every fortnight till the first week of December 2021.”
The meeting of the Cybercrime Advisory Council discussed the modalities for the implementation of the new National Cybersecurity Policy and Strategy (NCPS) 2021.
The ONSA said the deliberation was pursuant to its mandate under the Cybercrime Act 2015.
According to the body, “The council deliberated on the development of a protection plan for Critical National Information Infrastructure (CNII) and updated the modalities for the upcoming Cybersecurity Sensitization Programme.
“Recall that President Muhammadu Buhari launched the National Cybersecurity Policy and Strategy on February 23, 2021, following the implementation and review of the maiden National Cybersecurity Policy and Strategy.
“Following the launch, the policy document was widely disseminated to Federal Ministries, Departments and Agencies, private organizations and relevant stakeholders for implementation.
“The 7th Meeting of the National Advisory Council reviewed emerging risks in cyberspace and discussed modalities to facilitate and strengthen ongoing initiatives towards the Implementation of the National Cybersecurity Policy and Strategy 2021.
“The Office of the National Security Adviser updated the Council on the identification, designation and protection of Critical National Information Infrastructure as specified in the Cybercrime (Prohibition, Protection etc) Act 2015. Consequently, the Council deliberated on the development of a protection plan and guidelines for the already identified Critical National Information Infrastructure.”
Economy
46 Stocks Gain Weight, 53 Equities Lose on NGX in One Week
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited was bullish last week despite investors’ mood swing, triggered by happenings in the country and across the globe, especially the Middle East crisis.
The All-Share Index (ASI) and the market capitalisation appreciated week-on-week by 3.94 per cent to 225,722.49 points and N145.335 trillion, respectively.
Similarly, all other indices finished higher with the exception of the growth and commodity indices, which depreciated by 0.02 per cent and 0.41 per cent, respectively, while the sovereign bond index closed flat.
A look at the price changes of shares in the five-day trading week showed that
46 stocks gained weight versus 61 stocks of the previous week, 53 equities shed weight compared with 36 equities a week earlier, and 47 shares closed flat, in contrast to 49 shares of the preceding week.
UAC Nigeria led the gainers’ chart after it chalked up 42.00 per cent to trade at N142.00, Union Dicon appreciated by 32.73 per cent to N21.90, NASCON expanded by 32.63 per cent to N206.90, Trans-Nationwide Express rose by 30.58 per cent to N7.90, and Zichis improved by 25.71 per cent to N15.60.
On the flip side, Infinity Trust Mortgage Bank led the losers’ group after it gave up 50.79 per cent to close at N9.35, Abbey Mortgage Bank declined by 33.33 per cent to N5.40, Guinea Insurance slipped by 15.20 per cent to N1.06, Stanbic IBTC lost 13.82 per cent to settle at N162.50, and Living Trust Mortgage Bank slumped by 10.98 per cent to N3.65.
As for the activity log, Customs Street recorded a turnover of 3.805 billion shares worth N213.955 billion in 297,202 deals in the week compared with 3.588 billion shares valued at N195.313 billion transacted in 254,553 deals in the previous week.
Financial stocks led the activity chart with 2.739 billion units sold for N106.269 billion in 135,101 deals, contributing 71.99 per cent and 49.67 per cent to the total trading volume and value, respectively.
Services equities traded 212.324 million units worth N4.024 billion in 17,042 deals, and consumer goods shares exchanged 180.076 million units valued at N13.269 billion in 32,457 deals.
Access Holdings, UBA, and First Holdco were the busiest with 814.060 million units traded for N39.032 billion in 37,195 deals, contributing 21.40 per cent and 18.24 per cent to the total equity turnover volume and value, respectively.
Economy
NGX Group’s 65th Annual General Meeting Holds April 29
By Aduragbemi Omiyale
The 65th Annual General Meeting (AGM) of the Nigerian Exchange (NGX) Group Plc has been fixed for Wednesday, April 29, 2026, at 11:00 am at its corporate head office on 2–4 Customs Street, Lagos.
Business Post gathered that the meeting would be streamed live on the company’s website and social media platforms to enable broader participation by shareholders and stakeholders unable to attend physically.
As part of a special business, shareholders will consider a proposed bonus issue of one new ordinary share for every three existing shares held as at the close of business on April 10, 2026, subject to regulatory approvals.
The proposal also includes an increase in the organisation’s share capital from N1,102,309,954 to N1,469,746,605, to accommodate the bonus shares and amendments to the Memorandum of Association to reflect the new capital structure.
Also at the gathering, shareholders will consider and, if deemed fit, approve the company’s audited financial statements for the year ended December 31, 2025, alongside the reports of the directors, auditors, board evaluation consultants, and audit committee.
The meeting will also deliberate on the declaration of a final dividend and the re-election of three non-executive directors retiring by rotation, who are Mr Umaru Kwairanga, Mrs Ojinika Olaghere, and Dr Okechukwu Itanyi.
Other ordinary business items on the agenda include authorising the board to fix the remuneration of the external auditors, determining the remuneration of managers, and electing members of the statutory audit committee.
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