Regulators discuss insurance cover for cyber risks in Nigeria

Regulators discuss insurance cover for cyber risks in Nigeria

Talks began between the National Information Technology Development Agency, NITDA, and the National Insurance Commission, NAICOM, on creating an insurance product to cover the rising cyber risks in Nigeria. Underscoring the move as long overdue, the Director-General of NITDA, Kashifu Inuwa Abdullahi, noted that, ”Nigeria loses about N200 billion to cyber crime annually”. Abdullahi, who…

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Buhari inaugurates council to implement Startup Act 2022

Buhari inaugurates council to implement Startup Act 2022

President Muhammadu Buhari on Wednesday inaugurated the National Council for Digital Innovation and Entrepreneurship with the mandate to guide the implementation of the Nigeria Startup Act (NSA) 2022. Speaking at the inauguration of the 14-member Council chaired by him, the President directed the Secretariat, the National Information Technology Development Agency (NITDA), to ensure faithful implementation…

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