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Monthly Archives: February 2017

Automate office systems to end corruption; quicken ease of doing business–Expert

Office automation

Cyber security expert, Mr. Joseph Oladele has called on the Federal Government to simply automate all aspects of its relations with the public which currently involves personal contacts so as to tame the disturbing surge in bribery and corruption. In an exclusive interview, he said “Automation of systems that makes people get in contact during service delivery will cut off ...

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Nigeria’s Amina Mohammed assumes duty as UN Deputy Secretary General today

Ministers group photo

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Yuan Dong, another MMM styled ponzi scheme shut down, promoters arrested by SEC

yuan Doug

The Securities and Exchange Commission (SEC) has nipped in the bud, another ponzi-styled scheme, Yuan Dong by sealing up the premises on grounds of non-registration and unacceptable investment activities in Nigeria. A statement issued by the Head, Corporate Communication of SEC, Naif Abdussalam, in Abuja, said the closure was to end unlawful activities of the company against unsuspecting investors. The ...

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CBN, Police working to set up ePayment crime unit to track cybercriminals

CBN and Police

The Central Bank of Nigeria (CBN) has revealed fresh plans to collaborate with the Nigeria Police in setting up a new unit called ePayment and crime unit. The unit will be structured to trail and track online fraud activities and make arrests even before the criminals will be able to get into the systems. This was the submissions of the ...

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Internet ARPU drops due to poor data services traced to infrastructure deficit

internet

Investigations by Business Hilights have shown that chances of hitting the target of 80 per cent Internet and 30 per cent broadband penetration come next year are dimming as many states are adamant in easing Right of Way (RoW) access to networks to grow their networks. The implementation of the National Broadband Plan (NBP) designed to grow seamless access for ...

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Anxiety as Apple’s iPhone 7 joins Samsung’s Galaxy Note 7 to catch fire

iPhone 7

Apple Inc. said it’s investigating a customer’s claim that her iPhone7 began making strange noises and puffed white smoke without warning last week. It would be recalled that Samsung experienced similar problems with its Galaxy Note 7 smartphones last year, some of which overheated due to a manufacturing defect in their lithium-ion batteries. Samsung ultimately pulled the device from the ...

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NPA, NIMASA give reasons for collecting some port charges in dollars

Amaechi Usman

The most strategic agencies of the federal government in the nation’s shipping industry, the Nigerian Ports Authority (NPA) and the Nigerian Maritime Administration and Safety Agency (NIMASA) has finally opened up on why they may continue to collect certain port charges in foreign currencies, especially dollars. Currently, the NPA charges at the ports include but not limited to Lease and ...

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3 years after, CBN returns charges on cash deposits, withdrawals from N.5mn

CBn Emefiele

Three years after it stopped the charges following introduction of cashless policy, the Central Bank of Nigeria (CBN) has announced the reintroduction of bank charges on certain categories of cash deposits and withdrawals starting from transactions in the region of N500,000 The development was contained in a circular to all Deposit Money Banks (DMBs) posted on its website. Banks will ...

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GTBank win treble in London, adds more security features for 737 Mobile banking App

GTBank

Guaranty Trust Bank plc, has further consolidated her lead in Nigeria’s banking sector, hauling treble including ‘Best Private Banking Services, Best Commercial Banking Capabilities & Best Net-worth Specific Services in Africa’ during the 2017 Euromoney Private Banking Awards which held recently in the City of London. This is as the bank has introduced security measures on its bank 737 mobile ...

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FG fast tracks move on rice export from next year, procures 100 rice mills for states

Audu Ogbeh

At a time Nigerians are apparently puncturing the recent claims of the Minister of Agriculture and rural Development, Chief Audu Ogbeh that Nigeria will soon begin exportation of rice, the ministry has purchased 100 rice mills for distribution to rice-producing states in the country. Whereas Nigeria is spending 5 million dollars daily on rice importation from Thailand, India and Vietnam, ...

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