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New Audit Standard for MDAs Underway — NITDA

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Cyber Security - Investors King
  • New Audit Standard for MDAs Underway

The National Information Technology Development Agency is developing a new standard for information technology audit for Ministries, Agencies and Departments, the Director-General of the agency, Dr. Isa Ibrahim, has said.

Ibrahim, who said this at the 8th Annual ISACA International Conference in Abuja, also disclosed that the agency had secured approval of the National Council on Communications for implementation of Information Security Management System across the MDAs.

The NITDA boss, represented by the Director of Standards at the agency, Mr. Lazarus Ikoti, said another document to serve as the focus for the development of the ICT sector was also underway.

According to him, some websites belonging to some MDAs disappear after working for only two weeks and later reappear as an item for budgeting.

He said a new information system audit would eliminate such wastes and create a special market and employment opportunities for youths.

Ibrahim said, “Since I assumed office as Director-General of the NITDA, I have been working on a document, which will serve as the focus for the development of the IT in Nigeria. One of the issues dear to my heart is cyber security.

“Cyberattacks do not only cause economic havoc but also social and security concerns. Because of its consequences, cyber security must be given due attention.”

He added, “Just two weeks ago, the NITDA presented a memo for the implementation of Information Security Management System for all the MDAs to minimise the impact of cybercrime. There is no doubt that our various systems are vulnerable to attack.

“Because of the importance of the memo, council unanimously adopted it and directed all the MDAs to implement the standards for their ICT infrastructure. The NITDA is currently working/developing a policy document for the security of government ICT infrastructure.”

Speaking at the event, the Minister of Communications, Mr. Adebayo Shittu, said the changing work environment and storage of information had provided a compelling case for the nation to pay a closer attention to the issue of cyber security.

He said, “In the financial services world of today, banking transactions are fast leaving the four walls of brick and mortar branches to the clouds; Increasing transactions are being done via the ATM, POS, Internet banking, and mobile money; account opening is now possible on social media platforms such as Facebook.

“Besides, the information on all registered citizens of Nigeria is stored in the cloud. The electoral process today also involves use of electronic card readers. The use of the CCTV is very common in most organisations and even households today.

“Mobile communication and e-mailing and social media communication are now the order of the day. Use of computers and other office support systems are obvious in all offices today. Electronic commerce and online malls are very prevalent. Electricity and transportation have also gone digital, using prepaid. This developmental approach, as good as it is, is faced with war with cybercriminal elements.”

Shittu said recent data from the NITDA showed that there were a total of about 3,500 cyberattacks in Nigeria, 70 per cent of which were successful. The attacks, he added, led to a loss of about $450m.

He said ISACA with the skills, knowledge and reservoir of professionals to fight the menace of cyber-attacks would need to work closely with the government on dealing with risks attached to the increasing digital environment in the country.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Starlink Pulls Plug on Ghana, South Africa, and Others

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Starlink, the satellite internet service operated by SpaceX, has announced the cessation of services in countries including Ghana and South Africa.

This decision comes as a significant blow to users who have come to rely on Starlink for their internet connectivity needs.

The decision, set to take effect by the end of April 2024, will disconnect all individuals and businesses in unauthorized locations across Africa, including Ghana, South Africa, Botswana, and Zimbabwe.

While subscribers in authorized countries such as Nigeria, Mozambique, Mauritius, and others can continue to use their kits without interruption, those in affected regions face imminent loss of access.

One of the reasons cited by Starlink for the discontinuation is the violation of its terms and conditions.

The company explained that its regional and global roaming plans were intended for temporary use by travelers and those in transit, not for permanent use in unauthorized areas. Users found in breach of these conditions face the termination of their service.

Furthermore, Starlink’s recent email to subscribers outlined stringent measures to enforce compliance.

Subscribers who use the roaming plan for more than two months outside authorized locations must either return home or update their account country to the current one. Failure to do so will result in limited service access.

The decision to discontinue services in certain countries raises questions about the future of internet connectivity in these regions.

Also, concerns have been raised about Starlink’s ability to enforce the new rules effectively. Reports indicate that the company has previously failed to enforce similar conditions for over a year, raising doubts about the efficacy of the current measures.

Starlink’s decision to pull the plug on Ghana, South Africa, and other nations underscores the complexities of providing satellite internet services in diverse regulatory environments.

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Nigeria’s Broadband Penetration Stalls at 42.53% Amid Connectivity Challenges

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Nigeria’s broadband penetration has stalled at 42.53% as of January, according to the latest report.

Subscriptions currently stand at 92.19 million, indicating a significant gap in connectivity, particularly in rural areas.

The Nigerian National Broadband Plan 2020-2025 aims to increase broadband penetration to 70% by 2025, with the ultimate goal of achieving 96% mobile broadband coverage by 2030.

However, this ambitious target requires substantial investment—approximately $461 million, according to a recent report by the Global System for Mobile Communications Association (GSMA).

While the country’s major telecommunications companies, such as MTN Nigeria and Airtel Africa, have invested heavily in expanding their network infrastructure, much of this development has been concentrated in urban areas. Rural and underserved regions face a significant coverage gap, exacerbating the digital divide.

Despite these challenges, Nigeria has made progress in improving its broadband infrastructure. Since 2012, the mobile broadband coverage gap across Africa has decreased from 56% to 13% in 2022, due to significant investments in network capacity and new technologies.

Nonetheless, millions of Nigerians, particularly those in rural regions, remain without access to essential telecom services.

To address this issue, Nigeria’s government established the Universal Service Provision Fund (USPF) in 2006, aimed at bridging the connectivity gap and expanding broadband access to unserved and underserved areas.

The fund provides resources for deploying telecommunications infrastructure in economically unviable regions.

The success of these initiatives, along with increased investments in broadband infrastructure and policies to incentivize internet expansion in remote areas, will be crucial in closing the connectivity gap and improving digital access for all Nigerians.

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iPhone Shipments Drop Amid Resurgence of Android Rivals

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Apple iPhone 14

Apple Inc. reported a significant drop in iPhone shipments during the March quarter, reflecting a downturn in sales across China amid the resurgence of competition from Android-powered rivals.

According to market tracker IDC, the tech giant shipped 50.1 million iPhones in the first three months of the year, a 9.6% year-on-year decline that fell short of the average analyst estimate of 51.7 million.

The steep decrease in iPhone sales marks Apple’s most significant quarterly dip since 2022, when Covid-19 lockdowns disrupted supply chains.

This time, the Cupertino-based company faces challenges from resurgent competitors such as Huawei Technologies Co. and Xiaomi Corp.

These firms have rebounded strongly in recent quarters, and their innovative product lines have begun to reclaim market share from Apple in China.

Samsung Electronics Co. regained its position as the top smartphone supplier globally, while Apple ranked second. Xiaomi closed the gap on Apple, shipping 40.8 million units, an impressive 33.8% increase year-on-year.

Transsion Holdings, another key player in the budget smartphone segment, nearly doubled its shipments, showcasing the competitive environment Apple faces.

Nabila Popal, research director at IDC, highlighted the broader shift in the smartphone market, which has recovered from the supply chain disruptions and challenges of recent years.

“While Apple has demonstrated resilience and growth in recent years, maintaining its pace and share in the market may prove challenging as Android manufacturers make strides,” Popal commented.

Apple has a strong brand and loyal customer base, yet its market position may be tested further by the aggressive pricing and innovative products offered by Chinese rivals.

The company’s efforts to sustain its premium pricing strategy may also be challenged as more customers consider switching to Android alternatives.

As the tech industry looks ahead to the rest of the year, Apple’s upcoming earnings report and strategic moves to address this competitive pressure will be closely watched by investors and industry observers alike.

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