In a move to crack down on data breaches, the National Data Protection Commission (NDPC) in Nigeria has initiated an investigation into banks and telecommunications companies. These entities face the risk of paying substantial fines, potentially reaching billions of naira. The NDPC has received numerous complaints over the past few […]
Day: June 29, 2023
In response to the potential risks associated with contactless payments, the Central Bank of Nigeria (CBN) has introduced transaction limits that require verification and authorization for higher-value transactions. The CBN issued guidelines on contactless payments and outlined the restrictions to safeguard the financial system. Effective immediately, the transaction limit for […]