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Cybersecurity: CBN issues guidelines, asks financial institutions to comply by January

The Central Bank of Nigeria (CBN) has issued cybersecurity guidelines for other financial institutions (OFIs). The apex bank made this known in a circular dated June 29, 2022, and signed

‘Security breach’: MTN subsidiary heads to court, seeks refund of N22bn from 18 banks

Momo Payment Service Bank Limited (Momo PSB), the fintech subsidiary of MTN Nigeria, has dragged 18 commercial banks to court to retrieve N22.3 billion “erroneously transferred to 8,000 bank customers”.

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