GERMANY AND AUSTRIA TO TAP OIL RESERVES AFTER 400 MILLION BARRELS REQUESTED. (PHOTO).

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 Germany and Austria to tap oil reserves after 400 million barrels requested  Germany and Austria announced they are releasing portions of their oil reserves in response to an International Energy Agency request for member nations to collectively release 400 million barrels to help ease rising energy prices linked to the Iran conflict. Japan also said it will begin releasing part of its reserves starting Monday. The move marks one of the largest coordinated releases of emergency oil stocks in history. The previous record came in 2022, when IEA members released 182.7 million barrels following the energy disruptions caused by Russia’s invasion of Ukraine. Member countries currently hold over 1.2 billion barrels of public emergency oil stocks, along with an additional 600 million barrels of industry stocks maintained under government requirements. The release comes amid heightened tensions in the Persian Gulf, where Iran has targeted commercial ships and disrupted shipping throug...
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NIMC WARNS NIGERIANS AGAINST SELLING PERSONAL DATA FOR N1,500-N2,000.(PHOTO).

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 NIMC Warns Nigerians Against Selling Personal Data for N1,500-N2,000


The National Identity Management Commission (NIMC) has issued a stern warning to Nigerians against selling their personal data, including National Identification Numbers (NIN), for as little as N1,500 to N2,000, citing serious security risks and consequences.


In a statement released on Sunday, NIMC spokesperson Kayode Adegoke highlighted the growing vulnerability of citizens to data theft, driven by fraudulent schemes. The commission expressed concern over reports, attributed to the Economic and Financial Crimes Commission (EFCC), that young Nigerians are enticing individuals with small payments to obtain copies of their personal information, which are then sold to fintech institutions for approximately N5,000.


NIMC emphasized that it will not be held liable for any personal information shared by individuals for financial gain. The commission reiterated its longstanding advice against disclosing NINs to unauthorized individuals or organizations and stressed the importance of verifying NINs before granting access to services.


To enhance data security, NIMC urged the public to download the NINAuth App, available on Apple iOS and Google Play Store, which offers features such as NIN protection, control over personal information, and other benefits. The commission called on Nigerians and service providers to remain vigilant and prioritize data security to prevent exploitation by data marketers.

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