NSE Holds Nigerian Capital Market Information Security Forum

Image

By Dipo Olowookere

A one-day programme to bring together leading industry data privacy and security experts and capital market stakeholders to share actionable information on the prevailing data protection regulation is being planned for Thursday, October 31, 2019.

This bi-annual forum in its seventh edition is organised by the Nigerian Stock Exchange (NSE) and this year’s theme is The Nigeria Data Protection Regulation: Achieving Compliance.

A statement issued by the NSE said the Nigerian Capital Market Information Security Forum (NCMISF) will take place at the NSE Event Center on 2-4 Customs Street, Lagos.

The event is aimed at achieving privacy by default and privacy by design. The forum will also highlight how organizations can comply with these regulations on an ongoing basis, as a means of protecting client data and boosting investor’s confidence.

The programme will feature presentations and panel discussions by National Information Technology Development Agency (NITDA) licensed Data Protection Compliance Organisations (DPCO) such as Michael Ango, Associate Director, Andersen Tax; Akin Oyegoke, Managing Consultant, Johan Consults; John Anyanwu, Partner, Technology Advisory, KPMG Advisory Services and Linus Osita Okeke, Partner, Ernst & Young. Mrs Oluyemi Obadare, Business Continuity Manager, NSE will also be speaking at the forum.

Speaking ahead of the event, the Chief Risk Officer at NSE, Mr Rasaq Ozemede, noted that “the event will provide participants a perfect opportunity to get deeper understanding of present and developing trends in Information Security through case studies on topics ranging from how industry is redefining their Data Protection Regulation practice to developments in protecting Personally Identifiable Information (PII), data protection regimes and share effective strategies and best practices in ensuring information privacy is in compliance with the Nigeria Data Protection Regulation (NDPR) and the international General Data Protection Regulation”.

“This year, we have received sponsorship boost from Zenith Bank Plc and Axa Mansard. We look forward to welcoming more sponsors,” Mr Ozemede added.

Share
Related Stories
Image
21-February-2024

Naira Gains at NAFEX as Govt Tries Unorthodox Means to Stabilise FX Market

By Adedapo Adesanya The Naira appreciated against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Tuesday, February 20 as the government and the Central Bank of Nigeria (CBN) applied unorthodox measures to arrest the free fall of the local currency. In the official market yesterday, the Nigerian Naira gained 2.9 per cent or N47.3 on the Dollar to close at N1,551.24/$1, in contrast to the previous day’s N1,598.54/$1. However, the domestic currency lost N92.60 against the British Pound Sterling during the session to quote at N2,023.64/£1 compared with the preceding day’s N1,931.04/£1 and against the

Image
20-February-2024

Naira Crashes to N1,820/$1 at Black Market as EFCC Goes After FX Traders

By Dipo Olowookere The decision of the government to go after foreign exchange (FX) traders on the streets seems to have backfired as it has badly affected the value of the Naira to the Dollar in the currency market, particularly at the parallel market end of it. Data gathered by Business Post showed that the Nigerian Naira is being exchanged with the US Dollar in the black market at N1,820/$1 at the time of filing this report on Tuesday compared with N1,720/$1 it was traded on Monday, indicating a decline of N100. Yesterday, some operatives of the Economic and Financial

Image
21-February-2024

Oil Prices Slide on Global Demand Worries

By Adedapo Adesanya Oil prices settled lower on Tuesday, with worries about global demand offsetting price support from the Israel-Hamas conflict, causing the Brent futures to lose $1.22 or 1.5 per cent to sell at $82.34 a barrel, as the US West Texas Intermediate (WTI) crude shed $1.30 or 1.4 per cent to trade at $77.04 a barrel. The crude oil market was lower following the quiet trading over the Presidents’ Day holiday in the US and as demand concerns offset ongoing Middle Eastern geopolitical tensions. Shipping has been impacted by escalating attacks on shipping lanes in the Red Sea

Image
21-February-2024

Peter Obi Fumes as CBN Hikes Cargo Clearing Rate to N1,605/$1

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has once again increased the exchange rate for customs cargo clearance by 9 per cent or N133.06 from N1,472.76/$1 to N1,605.82/$1. The new rate, which has already been reflected on the Nigeria Customs Service (NCS) portal, will further dampen the hope of importers, and trigger an increase in the price of imported products like food, fuel, spare parts, and phones, among others. The CBN had recently reduced the exchange rate from N1,515.48/$1 to N1,472.756/$1 after the market eased following some recent policy steps. This review will be the 12th since the

More Stories
Image
30-November-2016

Money A Product Of Man, Not God—Fashola

By Dipo Olowookere Minister of Works, Power and Housing, Mr Babatunde Fashola, has disclosed that there is nothing spiritual about getting money. The Minister, who was addressing some students of the University of Benin (UNIBEN), Edo State recently, charged them to take away the notion that being rich is purely divine. Mr Fashola extolled UNIBEN, saying he was to choose a school to study again, it would definitely be the tertiary institution. Below is his full speech at the event titled ‘Freedom From Fear, Choices Before The New Generation’: FREEDOM FROM FEAR, CHOICES BEFORE THE NEW GENERATION – BEING THE

Image
08-June-2017

NSE Indices Sustain Rising Profile, Grow by 0.77%

By Modupe Gbadeyanka Price gains recorded by most blue chip companies, especially the oil and gas stocks, on Thursday resulted in the Nigerian Stock Exchange (NSE) maintaining its uptrend, which started yesterday. At the close of transactions today, bulls sustained dominance on the trading floor of the stock market, advancing by 0.77 percent. Business Post reports that the All-Share Index (ASI) accelerated by 251.26 points to settle at 32,937.98 points, while the market capitalisation improved by N87 billion to finish at N11.4 trillion. Unlike yesterday when the market breadth closed flat, it ended positive today with 45 gainers compared with

Image
16-October-2016

NASS Summons MTN, Minister, 4 Banks For Questioning

By Dipo Olowookere One of the top telecommunications companies in Nigeria, MTN, has been invited for questioning by the National Assembly. The lawmakers want the South African firm to explain its role in the alleged repatriation of $14 billion out of Nigeria from 2006 to 2016. Last month, a member of the Senate, Mr Dino Melaye, alleged that MTN illegally transferred the said amount out of the country with the help of Minister of Trade and Investment, Mr Okechukwu Enelamah, and four commercial banks. The banks named in the alleged illegal act were Citi Bank, Diamond Bank, Standard Bank and

Image
20-April-2018

MTN Meets Bankers Ahead of Planned Mid-year Share Sale

By Modupe Gbadeyanka The management of MTN Group has intensified its preparations for the planned sale of shares in its Nigerian unit later this year. The nation’s largest telecommunications firm is planning to list its equities on the Nigerian Stock Exchange (NSE) in June or July 2018 as part of an agreement it had with the Nigerian government when it reportedly negotiated reduction of the $5.2 billion fine to $1 billion for missing a deadline to disconnect unregistered subscribers amid a security crackdown by the country’s authorities. A report by Guardian on Friday said MTN has appointed more financial institutions

Image
20-October-2021

Nigeria: Between Persuasive Leaders and Coquettish Behaviour

By Jerome-Mario Utomi For most of our political history, concept and reality, particularly banking on the underlying understanding of a Coquette by Robert Green, the author of The 48 Laws of Power, it will not be out of place to describe an average Nigerian as a Coquette. The reason stems from the belief that they are experts at arousing desire through a provocative appearance or an alluring attitude. Their strength lies in their ability to trap people emotionally and to keep their victims in their clutches long after that titillation of desire. This is the skill that puts them in

Image
09-March-2021

Dabiri-Erewa Tasks Women on Career, Personal Goals

By Ahmed Rahma The chief executive of Nigerians in Diaspora Commission (NiDCOM), Mrs Abike Dabiri-Erewa, has charged women to leave their comfort zones and participate in opportunities geared towards career and personal goals. The politician and chieftain of the ruling All Progressives Congress (APC) said this at a one-day virtual event organised by a leading developmental investment bank, Dunn Loren Merrifield (DLM). The webinar was organised to educate and ignite women to challenge the status quo and take practical steps for progress together in celebration of International Women’s Day. During her presentation, Mrs Dabiri-Erewa said women should aspire to be

Image
24-November-2021

MTN to Sell 90% of 575 million Shares to Retail Investors

By Dipo Olowookere Retail investors will take up to 90 per cent of the 575 million shares of MTN Nigeria Communications Plc being put up for sale. This information was contained in the indicative terms of the proposed offer obtained by Business Post on Tuesday night. Yesterday, the telco announced that it has received the approval of the Securities and Exchange Commission (SEC) to go ahead with the exercise, which is expected to wrap up this month. The firm is offering the ordinary shares held by its parent company, MTN International (Mauritius) Limited to boost liquidity in the market. The

Image
24-August-2020

Russia Becomes World’s Second Largest Oil Producer

By Adedapo Adesanya Russia has become the world’s second-largest oil producer, beating Saudi Arabia after producing more crude oil in June, data from the Joint Organisations Data Initiative (JODI) has shown. The country is only behind the world’s number one producer, the United States, according to the data. Despite output cuts from the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, OPEC+ the country’s crude oil production stood at 8.788 million barrels per day, according to the data released by the JODI database, which collects self-reported figures from 114 countries. By comparison, Saudi Arabia’s production in the same

Ad
Ad
Recent Stories
Image
21-February-2024

Tinubu Appoints Kemi Nanna Nandap as Comptroller-General of Immigration

By Modupe Gbadeyanka The Deputy Comptroller-General (DCG) of the Nigeria Immigration Service (NIS), Ms Kemi Nanna Nandap, has been elevated to the post of the Comptroller-General of the agency. This followed her appointment by President Bola Tinubu, according to a statement issued by his spokesman, Mr Ajuri Ngelale, on Wednesday. The presidential aide disclosed in the statement today that the appointment of Ms Nandap will take effect from Friday, March 1, 2024. She is taking over from Mrs Caroline Wura-Ola Adepoju, whose term in office expires on February 29, 2024, the disclosure said. “President Bola Tinubu has approved the appointment

Image
21-February-2024

AFC to Pump $40m Into African Medical Centre of Excellence Abuja

By Adedapo Adesanya  African instrumental infrastructure solutions provider, Africa Finance Corporation (AFC), has signed an equity investment term sheet, pledging up to $40 million towards the construction of an Abuja-based hospital, the African Medical Centre of Excellence (AMCE). The quaternary-level multi-specialty medical institution developed by the African Export-Import Bank (Afreximbank) in collaboration with King’s College Hospital, London, aims to revolutionise healthcare in Africa. Hospitals across West Africa struggle with funding, lack of essential resources, and limited access in rural areas. This flagship facility in Abuja is a key part of Afreximbank’s network of healthcare facilities, actively countering brain drain, reducing

Image
21-February-2024

Oyo Reopens Shri-Balaji After Closure Over Pollution

By Aduragbemi Omiyale The industrial company sealed earlier this month nonconformity and adherence to environmental laws of Oyo State, Shri-Balaji Industries Limited, has been reopened. The facility was unsealed on Wednesday on the directive of the Commissioner for Environment and Natural Resource, Mr Abdulmojeed Mogbonjubola. The company, which engages in the recycling of waste tyres to produce Pyrolysis oil and carbon black and steel wire as by-products, was closed by the state government to protect the lives of residents of the area. A statement made available to Business Post disclosed that for it to be reopened, Shri-Balaji paid a fine

Image
21-February-2024

FG to Restructure, Recapitalise Bank of Agriculture for Better Value

By Adedapo Adesanya The federal government has revealed plans to recapitalise and restructure the Bank of Agriculture (BOA) to bolster Nigeria’s agricultural sector and achieve national food security. This was one of the core revelations made by the Vice President, Mr Kashim Shettima, during the first meeting of the National Council on Privatisation (NCP) for the year 2024 at the Presidential Villa, Abuja on Tuesday. He said there is a central role that BOA could play in achieving national food security, citing its extensive branch network across all senatorial districts in the country. Mr Shettima, however, expressed concern about the

Image
21-February-2024

Foundation Urges Nigerians to Adopt Waste Management Hierarchy

By Aduragbemi Omiyale A recycling organisation, Turn Plastic Recycling Foundation, has encouraged Nigerians to embrace the waste management hierarchy to make the country a zero-waste society. The Project Manager for the firm, Mr Leo Nwofa, while giving a summary of the project journey in the past two years of the foundation, said to save the planet, people must adopt the system of proper waste disposal for recycling after use. The waste management hierarchy gives top priority to waste prevention, followed by reuse, recycling, recovery and finally disposal. Speaking at an event to mark the second anniversary of Turn Plastic Recycling

Image
21-February-2024

Peter Obi Fumes as CBN Hikes Cargo Clearing Rate to N1,605/$1

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has once again increased the exchange rate for customs cargo clearance by 9 per cent or N133.06 from N1,472.76/$1 to N1,605.82/$1. The new rate, which has already been reflected on the Nigeria Customs Service (NCS) portal, will further dampen the hope of importers, and trigger an increase in the price of imported products like food, fuel, spare parts, and phones, among others. The CBN had recently reduced the exchange rate from N1,515.48/$1 to N1,472.756/$1 after the market eased following some recent policy steps. This review will be the 12th since the

Image
21-February-2024

Panic at Black Market as EFCC Intensifies Clampdown on BDCs

By Dipo Olowookere There is apprehension at the black market segment of the foreign exchange (FX) market in Lagos and other cities across the country as security officials, especially from the Economic and Financial Crimes Commission (EFCC), are going after traders at the landscape. Recall that on Monday, some agents of the organisation disrupted business activities in Abuja, and on Tuesday, a similar scenario occurred at the popular Alade Market in Lagos. On Wednesday, Business Post gathered that more places were touched, with two of the Bureaux De Change (BDC) operators allegedly picked up by security operatives in the Agege

Image
21-February-2024

VFD Group Donates Books to Comenius Nursery and Primary School

By Modupe Gbadeyanka About 1,000 copies of Mama’s Sleeping Scarf by renowned Nigerian writer, Ms Chimamanda Ngozi Adichie, have been donated to the pupils of Comenius Nursery and Primary School in the Ikola area of Lagos State. The educational items were given to the elementary school by a leading proprietary investment company, VFD Group Plc, as part of its Corporate Social Responsibility (CSR) initiative. The firm, which is committed to fostering growth across diverse industries in Africa, said the books were donated to promote reading culture among children and inspire young minds to explore limitless possibilities. Mama’s Sleeping Scarf is

Image
21-February-2024

DSS Warns Organised Labour To Shun Planned Protest

By Adedapo Adesanya The Department of State Services (DSS) has urged Nigerians planning to protest next week led by organised labour to halt the idea. According to a statement from the spokesperson of the Nigerian secret police on Wednesday, Mr Peter Afunanya, there were plans by sections of the organised labour to stage protests in parts of the country over sundry economic issues between February 27 and 28, 2024 “While the Service recognises such action as the legitimate right of the labour movement, it, however, urges the body to shelve the plan in the interest of peace and public order,”

Image
21-February-2024

FG Completes $70m Yearly Concessionaire of Zungeru Plant to Penstock

By Adedapo Adesanya The federal government has completed the transfer of the operations of the Zungeru Hydroelectric Power Plant (ZHPP) to a concessionaire, Penstock Limited, in a move that will see the country earn $70 million yearly from the deal. The Vice President, Mr Kashim Shettima, confirmed this during the first meeting of the National Council on Privatisation (NCP) for the year 2024 at the Presidential Villa, Abuja on Tuesday. A concession is a kind of partnership between the public sector and often private companies that have shown its added value in a specific area, for example developing infrastructure. The