Union Bank of Nigeria on 11 August 2026, attained certification under the Payment Card Industry Data Security Standard (PCI DSS) version 4.0.1, the foremost global standard governing the protection of payment card account data. PCI DSS sets a baseline of technical and operational requirements designed to safeguard environments in which payment card account data is stored, processed or transmitted. Certification confirms that a bank securely stores, processes and transmits its customers’ credit and debit card information, strengthening protection against payment card data breaches and financial fraud, while reinforcing public and customer confidence. The assessment covered a broad scope of the Bank’s operations, including network infrastructure, card issuance, ATM and POS transaction acquiring and payment processing, reconciliation, settlement, chargeback, dispute resolution and retail banking. Union Bank was assessed and certified in the Service Provider category. Certification...
The 100% Compliance Team of the National Association of Government Approved Freight Forwarders (NAGAFF) has petitioned the Inspector-General of Police (IGP) over alleged unlawful conduct, extortion, intimidation, harassment and obstruction of trade by officers of the Maritime Police Command operating around Nigerian seaports. The petition, dated August 14, 2026 and addressed to the Inspector-General of Police at Force Headquarters, Abuja, specifically identified the Lagos Port Complex, Apapa; Tin-Can Island Port and other designated port locations, including bonded terminals, as areas where the alleged misconduct is taking place. In the petition, which was signed by Alhaji Ibrahim Tanko, the National Coordinator of 100% Compliance Team, NAGAFF described the situation as a growing impediment to trade facilitation and a factor contributing to the rising cost of doing business in Nigeria. According to the association, freight forwarding practitioners have, over a sustained period, repo...