CBN directs banks to start deducting cybersecurity levies from customers
Business
NPA: ALL port operations to go digital by 2025
Mohammed Bello-Koko, acting managing director of the Nigerian Ports Authority (NPA), says deliberate measures and investments are being taken to create a fully digital ecosystem in all the country’s port locations by 2025.
NAN reports that Ibrahim Nasiru, assistant manager of the agency’s corporate and strategic communications division, quoted the NPA boss as saying this in a statement on Saturday.
According to the statement, Bello-Koko spoke at the 41st Ports Management Association of West and Central Africa (PMAWCA) annual council meeting and 16th round-table conference of managing directors of PMAWCA, in Douala, the capital of Cameroon.
He informed the delegates that a lot of work had gone into the smart port transformation agenda of the authority, which is aimed at enthroning paperless, time-saving and cost-efficient port operations.
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He was represented at the event by Idris Abubakar, executive director, engineering and technical services, NPA.
Bello-Koko said the adoption by NPA of a phased ICT deployment was geared towards achieving a fully integrated port operating system.
He also said it would foster relationships with all internal and external stakeholders, streamline NPA’s internal business processes, make use of high-end smart technologies, and record, monitor and utilise data for better decision making.
“A five year plan is now being implemented by the authority for the attainment of a fully digitalised port system in Nigeria,” Bello-Koko said.
“So far, the authority has deployed a portfolio of systems and infrastructure towards the actualisation of its ICT objectives.
“These include Oracle Enterprise Business Suite for financial and human resources planning; Billing/Revenue and Invoice Management System (RIMS) to fast-track billing processing; Customer Portal/electronic Ship Entry Notice (eSEN)/Manifest Upload for shipping traffic management.
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“Others are: Hyperion Budgeting for management of annual budget; Command, Control, Communication and Intelligence System (3Ci) for maritime domain awareness.
“And also management of vessel calls; truck call up and gate access control for the control and schedule of trucks to the ports as well as manage truck traffic around the port corridor.”
He said with the international supply chain faced with several disruptions, the authority intends to focus on the smartness level of the port rather than size in order to optimise productivity and meet the expectations of port users.
According to him, the goal of NPA is to leverage technology to close the gap between Nigerian ports and the major international ports.
“A digitalised port helps in making better informed operational decisions, increased efficiency, improved collaboration amongst stakeholders, and lower port costs,” he added.
“Ultimately, it will help to meet the ever increasing customer expectations in a timely manner.”
TheCable
Business
CBN directs banks to start deducting cybersecurity levies from customers
The apex bank announced this on Monday, May 6, 2024, in a circular signed by Chibuzor Efobi, Director of Payments System Management, and Haruna Mustafa, Director of Financial Policy and Regulation.
Business
Forex: FG to delist naira from P2P platforms
Forex: FG to delist naira from P2P platforms
The Federal Government is set to delist the naira from all Peer-to-Peer platforms to reduce the manipulation of the local currency value in the foreign exchange market.
Director General of the Securities and Exchange Commission, Emomotimi Agama, made this known on Monday at a virtual conference with blockchain stakeholders.
The goal of this resolution is to combat manipulation of the value of the local currency in the foreign exchange market.
In past months, the nation’s regulatory bodies have started looking into and closely examining cryptocurrency exchanges.
This is part of a number of regulations to be rolled out in the coming days.
He said, “That is one of the things that must be done to save this space. The delisting of the naira from the P2P platforms to avoid the level of manipulation that is currently happening.
“I want your cooperation in dealing with this as we roll out regulations in the coming days.”
The SEC DG decried how some market players were manipulating the value of the naira.
This, he said, was why the commission was “seeking collaboration and help in making sure that the crypto environment is respected globally”.
Business
Ikeja Electric cuts tariff for Band A customers
Ikeja Electric cuts tariff for Band A customers
The Ikeja Electricity Distribution Company has announced a reduction in the tariff for customers under Band A classification from N225 per kilowatt-hour to N206.80kw/h
This is coming about a month after the Nigerian Electricity Regulatory Commission (NERC) approved an increase in electricity tariff for customers under the Band A category to N225 per kwh — from N66.
The commission has clarified that customers under Band A receive between 20 and 24 hours of electricity supply daily.
Ikeja Electric said in a circular on Monday the cut in the new tariff rate would take effect from May 6, 2024.
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