Nigeria’s National Information Technology Development Agency (NITDA) has warned Zoom users about a critical security vulnerability that could allow attackers to take control of accounts without valid login credentials. The warning was issued on Monday by the NITDA Computer Emergency Readiness and Response Team (NITDA-CERRT), which identified the vulnerability as CVE-2026-53412. The agency urged users and organisations running affected Zoom applications to install the latest security updates immediately and strengthen account protection with measures such as multi-factor authentication (MFA). According to NITDA-CERRT, the security flaw is linked to improper input validation and can be exploited remotely over a network without…
Author: Elvis Eromosele
The Rise Up & Sparkle Initiative (RUSI) is set to equip young Nigerians with practical digital skills through the 2026 edition of its SparkHER Digital Bootcamp, a three-day programme designed to prepare girls and boys aged 15 to 19 for opportunities in the digital economy. The free bootcamp, led by Mrs. Funmilola Omojola FNCS, FIIM, will hold from August 18 to 20, 2026, at RCCG True Vine Parish, Agric, Ikorodu, Lagos. The organisers said the programme is designed to give participants practical skills that can help them navigate the changing world of work, explore entrepreneurship and develop confidence in using…
Dr Rabiu Olowo, Executive Secretary of the Financial Reporting Council of Nigeria (FRC), has urged auditors to uphold professional ethics, independence and accountability as artificial intelligence (AI) rapidly transforms the auditing profession. Olowo gave the warning at the 2026 Audit and Assurance Leadership Summit, themed “Audit Integrity in the AI Era: Independence, Accountability and Reliable Financial Reporting.” He said the rapid adoption of AI was changing how financial information is generated, processed, analysed and reported, creating new opportunities for auditors while also introducing fresh risks. According to him, technology must serve as a tool to strengthen auditing rather than weaken…
The Nigerian Meteorological Agency (NiMet) has forecast thunderstorms and moderate rainfall across several parts of Nigeria from Sunday through Tuesday, warning residents and road users to prepare for potentially hazardous weather conditions. The three-day forecast, issued by the agency in Abuja, indicates varying weather patterns across the northern, North-central and southern parts of the country. NiMet also warned that some thunderstorms could be accompanied by strong winds, urging residents, motorists and other road users to exercise caution as the weather changes. On Sunday, the northern region is expected to experience sunny conditions with patches of cloud. However, early morning thunderstorms…
The Securities and Exchange Commission (SEC) has directed all regulated capital market operators in Nigeria to sever correspondent banking relationships with financial institutions linked to North Korea and restrict transactions involving Iran. The directive, which took immediate effect, is part of efforts to strengthen Nigeria’s anti-money laundering, counter-terrorism financing and counter-proliferation financing controls. The SEC disclosed the directive in a circular issued to capital market regulated entities on August 14, 2026, although the document was dated June 19, 2026. The regulator said the measures were based on updated risk assessments issued by the Financial Action Task Force (FATF) following its…
The National Pension Commission (PenCom) has raised concerns that Nigeria may miss its target of having 30 percent of Personal Pension Plan (PPP) accounts funded by the fourth quarter of 2026, as the vast majority of registered accounts remain inactive. The latest Nigerian Pension Industry Quarterly Report shows that only 18,811 of the 219,316 PPP accounts registered under the scheme have received contributions. That represents a funding rate of just 8.5 per cent, meaning about 91 per cent of registered accounts have yet to receive any contribution. The figures highlight a major gap between pension registration and actual pension savings,…
The Securities and Exchange Commission (SEC) has directed all regulated capital market operators in Nigeria to sever correspondent banking relationships with financial institutions linked to North Korea and restrict transactions involving Iran. The directive, which took immediate effect, is part of efforts to strengthen Nigeria’s anti-money laundering, counter-terrorism financing and counter-proliferation financing controls. The SEC disclosed the directive in a circular issued to capital market regulated entities on August 14, 2026, although the document was dated June 19, 2026. The regulator said the measures were based on updated risk assessments issued by the Financial Action Task Force (FATF) following its…
Governor Ademola Adeleke of the Accord Party has been declared winner of the 2026 Osun State governorship election by the Independent National Electoral Commission (INEC). Adeleke polled 511,067 votes to defeat his closest challenger, the All Progressives Congress (APC) candidate, Bola Oyebamiji, who secured 444,815 votes. The African Democratic Congress (ADC) candidate, Najeem Salaam, finished a distant third with 17,180 votes. Professor Joshua Olalekan Ogunwole, INEC Returning Officer for the election, announced the final result at about 7:49am on Sunday in Osogbo, the state capital. Ogunwole, who is also the Vice-Chancellor of the Federal University Oye-Ekiti (FUOYE), supervised the final collation of results from…
Nestlé Nigeria has marked the fifth anniversary and 10th edition of its Empowering Rural Women Initiative by supporting 50 women retailers in Zaria, Kaduna State, with practical business training and grants in the form of Nestlé products valued at three times their existing stock. The intervention also marked the beginning of a three-month mentorship period designed to help the women apply their training, manage the additional stock effectively and build stronger, more sustainable businesses. Launched in 2021, the Empowering Rural Women Initiative supports women retailers who have demonstrated the determination to grow their businesses but have limited access to training,…
The National Insurance Commission (NAICOM) has confirmed that seven more insurance companies have met the minimum capital requirements under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. The latest approvals bring the number of insurance and reinsurance companies cleared by the regulator to 50, up from the 43 firms previously confirmed as compliant. NAICOM disclosed this in a statement issued on Thursday in Abuja. According to the Commission, seven of the eight companies that had remained under final verification and regulatory review have now been confirmed to have met the new capital thresholds. The newly cleared companies are: emPLE General…