NSE Retains ISO 27001:2013 Certification for Third Year

Image

By Dipo Olowookere

For the third consecutive year, the Nigerian Stock Exchange (NSE) is retaining the ISO 27001:2013 certification for its Information Security Management System (ISMS).

The re-certification followed a rigorous independent audit of NSE’s Information Security Management System (ISMS) by the British Standard Institute (BSI), to ensure that the principles of the International Organization for Standardization (ISO) on ISMS standard are being upheld at the Exchange and controls are working as intended.

The British Standards Institute is reputed for providing assessment and certification to management system standards across 150 economies globally.

International Organization for Standardization is an independent, standard-setting body which promotes worldwide proprietary, industrial and commercial standards.

These standards provide world-class specifications for products, services and systems, to ensure quality, safety and efficiency.

ISO 27001:2013, (ISMS) is the international standard of best practice for managing confidentiality, integrity and availability of information asset. This includes financial information, intellectual property, personal records and information entrusted by third parties.

Commenting on the development, CEO of NSE, Mr Oscar Onyema, disclosed that, “We are delighted to retain this ISO certification from the British Standard Institute.

“It demonstrates our continued commitment to data protection and a clear indication of the robustness of our systems and processes in managing sensitive stakeholders’ information.

“Since first attaining the ISO 27001:2013 certification in August 2015, we have continued to evolve and improve our security management processes to ensure that our information security controls remain safe and effective in light of emerging business needs and the changing security landscape.”

“NSE takes a proactive approach to security as we recognise the importance of protecting our data and stakeholders’ information assets. With our recertification, our clients and stakeholders can be confident that we follow information security best practices in managing our risk exposure,” said Mrs Favour Femi-Oyewole, Chief Information Security Officer, NSE.

Share
Related Stories
Image
06-February-2024

NDPC Records 12.7% Increase in Revenue to N6.2bn in 2023

By Adedapo Adesanya The Nigeria Data Protection Annual Report has revealed that the country’s data protection cumulative revenue in 2023 rose by 12.73 per cent to N6.2 billion from N5.5 billion in 2022. The report was unveiled at the second-anniversary dinner and awards organised by the Nigeria Data Protection Commission (NDPC) recently in Abuja. Established on February 4, 2022, the NDPC was mandated to ensure data privacy and protection in the country, and that the rights of citizens are in line with global standards. The report stated, “Other areas that the rates increased included Compliance Audit Report which recorded 3,451

Image
12-February-2024

IXPN Activates Point of Presence at Lagos Open Access Data Centres

By Aduragbemi Omiyale The Point of Presence (PoP) at the Open Access Data Centres of the Internet Exchange Point of Nigeria (IXPN) has been activated. With the activation at the OADC facility, IXPN is now available at seven data centres, making it the only IXP accessible from all the major data centres operating in Lagos. Also, this development now makes the services of IXPN available and accessible to all network providers, providing them with affordable services and the opportunity to connect at multiple points. The company explained that the idea behind the activation of its PoP at OADC is to

Image
18-January-2024

NCC Gives Glo Extra 21 Days to Pay MTN Interconnect Fee

By Adedapo Adesanya The Nigerian Communications Commission (NCC) has granted Globacom a further 21-day grace period to resolve and pay the interconnect fees it owes its fellow telco, MTN, as the deadline of a 10-day grace period before the commencement of a partial disconnection expired. Interconnect fee refers to an amount charged by a telco for calls terminating on their network.  The standard interconnect fee for local calls in Nigeria is pegged at N4.30 per minute. MTN had alleged that Globacom owed it the levy and got the approval of the telecoms regulator to begin a phased disconnection on January

More Stories
Image
24-September-2018

Rivers Overtakes Lagos as Investment Destination

By Modupe Gbadeyanka Rivers State has overtaken Lagos State as Nigeria’s investment destination, a report published by the Nigeria Investment Promotion Commission (NIPC) has revealed. According to the state governor, Mr Nyesom Wike, while commenting on this development, said that the state government fought insecurity and criminality to a standstill, thereby making the state safe for kinds of investors to bring their capital to the state. “We are happy that the investment profile report published by the Nigeria Investment Promotion Commission (NIPC) says Rivers State has overtaken Lagos State. “This is not the work of one man. It is a

Image
18-June-2021

Oil Falls on Stronger Dollar, UK COVID-19 Cases Surge

By Adedapo Adesanya Oil prices fell more than one per cent from their highest level in years on Thursday as the Dollar strengthened after the United States Federal Reserve signalled it might raise interest rates as soon as 2023. The price of the international benchmark, Brent crude futures, dropped $1.31 or 1.76 per cent to trade at $73.08 per barrel while the United States’ benchmark, West Texas Intermediate (WTI) crude futures, lost $1.61 or 1.87 per cent to sell at $71.05 per barrel. The US Dollar strengthened to its highest since in two months against a basket of other currencies

Image
12-June-2023

Anthrax: FG Warns Nigerians Against Consumption of Ponmo, Others

By Adedapo Adesanya The federal government is alerting the general public on the outbreak of anthrax in some neighbouring countries within the West African sub-region, specifically, Northern Ghana bordering Burkina Faso and Togo. In a statement released on Monday, the Federal Ministry of Agriculture and Rural Development revealed that the disease, which has claimed some lives, is a bacterial disease (zoonotic disease) that affects both animals and humans. It warned that anthrax spores are naturally found in the soil and commonly affect domestic and wild animals. “People can get infected with Anthrax spores if they come in contact with infected

Image
18-February-2021

Buhari Chooses Orji as NEITI Executive Secretary

By Adedapo Adesanya President Muhammadu Buhari has approved the appointment of Mr Ogbonnaya Orji as the Executive Secretary of the Nigerian Extractive Industries Transparency Initiative (NEITI). This was disclosed by the Director Information, Office of the Secretary to the Government of the Federation, Mr Willie Bassey, via a statement issued today in Abuja. The statement said that Mr Orji’s appointment was for a single term of five years. “In accordance with the provision of Section 12 (2) (a) and 6 (3) of the Nigeria Extractive Industries Transparency Initiative (Establishment) Act, 2007, Orji’s appointment is for a single term of five

Image
04-January-2024

Emefiele: EFCC Raid Dangote Lagos Office Over FX Transactions

By Aduragbemi Omiyale A search operation is being conducted at the Lagos head office of Dangote Group by operatives of the Economic and Financial Crimes Commission (EFCC). According to multiple reports, the anti-graft agency stormed the premises of the conglomerate on Thursday to request documents regarding the allocation of foreign exchange (FX) to the firm by the Central Bank of Nigeria (CBN) under its former Governor, Mr Godwin Emefiele. Mr Emefiele was removed from office in June 2023 and was charged to court over allegations bordering on fraud. He was granted bail but remained in Kuje Correctional Centre until a

Image
22-June-2021

ECOWAS Court Restrains Nigeria From Imposing Sanctions On Twitter

By Adedapo Adesanya The Economic Community of West African States (ECOWAS) Court of Justice in Abuja has restrained the federal government from imposing sanctions or harassing, intimidating, arresting or prosecuting Twitter. It also restricted the government from carrying out such actions against any other social media service provider, as well as media houses, pending the hearing and determination of a suit challenging the government’s suspension of Twitter operations in Nigeria. The court gave the restraining order following the suit filed by the Socio-Economic Rights and Accountability Project (SERAP) and 176 concerned Nigerians. In the suit, the applicants argued that the

Image
10-March-2018

Stock Market: New Pricing Rule Favours Domestic Investors—Experts

By Dipo Olowookere The recently introduced pricing methodology by the Nigerian Stock Exchange (NSE) has been described by experts as a tool that has favoured domestic investors by increased their participation in the stock market. According to the Head of Banking and Finance Department at the Nasarawa State University Keffi, Dr Uche Uwaleke, has given local investors the opportunity to be more involved in the capital market because they can now pull volume with penny stocks trading below the former 50 kobo per share threshold. “Unlike foreign investors who show more interest in high-cap stocks, a good number of domestic

Image
11-April-2022

MTN Shares Rise as CBN Gives Final Approval for MoMo PSB

By Adedapo Adesanya The share price of MTN Nigeria Communications Plc appreciated by 1.21 per cent or N2.50 to N208.50 at the close of transactions on Monday, April 11, 2022, on the news that the Central Bank of Nigeria (CBN) has granted the company final approval to operate Momo Payment Service Bank Limited (MoMo PSB). The announcement of the approval was disclosed in a press release titled The Central Bank Of Nigeria Grants Final Approval For MoMo Payment Service Bank Limited To Commence Operations signed by Mr Uro Ukpanah, the Company Secretary today. In November 2021, the telco alongside one

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