🇳🇬NigeriaWest Africa
Chartered Risk Management Institute of Nigeria supports CBN's new digital banking security measures
via Punch Nigeria2 min read
The Chartered Risk Management Institute of Nigeria CRMI has endorsed the Central Bank of Nigeria's CBN recent regulatory measures designed to enhance security in the country's digital payments sector. Kevin Ugwoke, the Institute's President and Chairman of Council, stated that the framework addresses growing threats like fraud, identity theft, and unauthorized access on instant payment platforms. The CRMI highlighted safeguards such as a ₦20,000 transaction limit for new mobile banking applications within the first 24 hours, mandatory device binding, and real-time enterprise fraud monitoring systems. These controls target vulnerable stages like account onboarding and activation, where fraudsters often compromise user credentials. The CBN's new framework responds to a surge in electronic transactions and increasingly sophisticated fraud schemes, including SIM swap attacks and phishing. The Institute also welcomed the Nigerian Overnight Financing Rate, a benchmark intended to improve clarity and consistency in short-term funding costs. While supporting the policy, CRMI emphasized that its success depends on financial institutions effectively implementing the new requirements, urging them to upgrade cybersecurity, strengthen fraud detection, invest in staff training, and improve customer awareness of safe digital banking practices. The Institute pledged continued support for regulatory reforms through training, advocacy, and collaboration.
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This summary was AI-generated from a story originally published by Punch Nigeria.
France and Liverpool forward Hugo Ekitike has generated significant social media attention after adding the Yoruba phrase "Omo Olorun," meaning "Child of God," to his Instagram bio. The change, reported by ESPN Africa, quickly drew reactions from fans, especially Nigerians, who expressed surprise and curiosity. Many users praised the gesture as an acknowledgment of Nigerian culture, while others speculated about Ekitike's potential connections to Nigeria, such as friendships with Nigerian players or exposure to the country's music and online trends. Although Ekitike has not publicly commented on the update, the incident underscores the increasing global influence of Nigerian language and culture, particularly within football. This event also demonstrates how small social media actions by prominent athletes can lead to widespread discussion, bridging cultural gaps and fostering global fan engagement. Ekitike is currently recovering from a ruptured Achilles tendon sustained during a UEFA Champions League quarter-final match in April 2026.
Arsenal secured a 1-0 victory against Newcastle United at the Emirates Stadium, returning to the top of the Premier League. The decisive goal came in the 10th minute from Ebere Eze, following a set-piece routine. Arsenal's match report highlighted the goal as a "wondergoal" and noted it was their 17th goal from a corner this Premier League season, breaking the all-time competition record. Newcastle created early chances through William Osula and Bruno Guimarães, but failed to convert. Arsenal's goal involved a clever corner routine where Noni Madueke passed to Kai Havertz, who then laid the ball off to Eze. Eze drilled the ball into the top corner, out of reach of Nick Pope. Arsenal made first-half changes due to injuries to Kai Havertz and Eze, who were replaced by Viktor Gyökeres and another player not specified in the article. Newcastle continued to threaten with efforts from Sandro Tonali and Yoane Wissa, while Arsenal had late chances from Bukayo Saka and Gabriel Martinelli. A VAR check in the closing stages cleared Pope after he brought down Gyökeres outside the box. Arsenal maintained their lead through sustained pressure and seven minutes of added time. This win places Arsenal back at the top of the Premier League with four matches remaining, ahead of their Champions League semi-final first leg against Atlético Madrid on April 29.
Manchester City secured a 2-1 victory over Southampton to advance to the FA Cup final. Nico Gonzalez scored the winning goal three minutes from time, completing a late comeback for City. Southampton, a Championship side, initially took the lead in the 79th minute with a goal from Finn Azaz. However, Jeremy Doku quickly equalized for City before Gonzalez's long-range strike sealed their win. This defeat ended Southampton's 20-game unbeaten run. Manchester City made eight changes to their starting lineup from their previous Premier League match. Despite early chances for Southampton, including a disallowed goal, City intensified their attack in the second half, bringing on key players like Erling Haaland and Jeremy Doku. The victory means Manchester City is the first club to reach four consecutive FA Cup finals and remains on track to potentially achieve a domestic treble, matching their 2018/19 accomplishment.
Mohammed Hayatu-Deen, a presidential aspirant of the African Democratic Congress, has called for unity among opposition leaders ahead of Nigeria's 2027 general elections. Speaking at a national opposition summit in Ibadan, Oyo State, hosted by Governor Seyi Makinde, Hayatu-Deen warned that continued fragmentation among opposition parties could weaken their ability to offer a credible alternative to the ruling party. He emphasized that Nigeria's worsening security, economic hardship, and shrinking democratic space necessitate a coordinated national response. Hayatu-Deen stated that the country is at a critical juncture, requiring collective action rather than isolated efforts. He cautioned that disunity would prolong the suffering of ordinary Nigerians and reinforce the political status quo. He urged political actors to demonstrate real sacrifice, collaboration, and a shared national purpose, prioritizing national interest over personal ambition and party loyalty. Hayatu-Deen reaffirmed his commitment within the ADC to build a broad coalition focused on improving security, stabilizing the economy, and restoring confidence in democratic governance. The summit included prominent figures such as Governor Makinde, former Vice President Atiku Abubakar, Peter Obi, and former Minister of Transportation Rotimi Amaechi, with Hayatu-Deen also consulting with Professor Jerry Gana and Kashim Imam.