The integration of Information and Communication Technology (ICTs) into media communication completely transformed the communication industry in Nigeria towards faster, easier, cheaper, and all-inclusive information generation, processing and spread. However, it has raised new ethical challenges, which this paper tends to analyse to identify their implications for policy formulation. With the aid of qualitative research, contents analysis and consequentialism–deontology theories, the paper observes that ICT has generated new and enormous ethical challenges in media communication such as impersonation, piracy, defamation and calumny, fraud and hacking of information/database among others. The paper further observes the ineffectiveness of existing information policy to proffer solution to these problems. Therefore, it recommends a professional/stakeholders’ national workshop to review the policy, and government’s pro-active actions to adopt and fund new policies in line with the recommendations of the workshop.