Nigerian businesses, 17 nations on the radar of North Korean hacking ring—Report
Relying on the recent report released by leading global cyber security group, Kaspersky that banks and some companies in Nigeria were among new targets of North Korean hacking ring, the Cyber Security Experts Association of Nigeria (CSEAN) has raised alarm,…
Jumia Nigeria reviews security structures, raises safety of sales delivery partners
Fears of collapse amongst online retail businesses in Nigeria was recently heightened by two incidences leading to the death of two staff of major online groups, Jumia and UBER driver recently. Whereas Chukwuma Ejele, a delivery partner with Jumia in…
Rack Centre wins for third time Beacon of ICT awards
Rack Centre, Africa’s premium carrier neutral data centre has emerged winner for the third year in the annual Beacon of ICT awards. Mr Ayotunde Coker, Managing Director, Rack Centre, in 2016 won the ICT Personality of the Year and delivered…
MTN celebrates 97 year old subscriber in Asaba over brand loyalty
It was rare moment at the home of nonagenarian and MTN customer, Pa Paul Ijeh in Igbuzor, Aniocha South Local Government Area, Delta State, during a courtesy visit by officials the company to appreciate one of its oldest customers. In…
Nigeria, S/Africa on gradual recovery, weak in per capita terms—W/bank
Barely two day after the International Monetary Fund (IMF) saw light at the end of Nigeria’s recession exit tunnel, the World Bank, on Wednesday released new report, saying sub-Saharan Africa is projected to recover to 2.6 per cent in 2017…
Another Lagos Court orders forfeiture of N449m found in Island BDC shop
Barely one week after a Federal High Court in Lagos ordered interim forfeiture of all the $43m recovered by the Economic and Financial Crimes Commission (EFCC) from Osborne Towers in Ikoyi, another court on Wednesday gave similar order on the…
Finally, FG suspends SGF for IDPs contract complications, NIA’s Oke for Ikoyigate
As part of smart face saving moves, President Muhammadu Buhari Wednesday suspended Mr David Babachir Lawal, Secretary to the Government of the Federation (SGF), and ordered an investigation into the allegations of abuse of due process made against him in…
Ecobank writes off N221.7b loan, posts N50b loss upon resilient performance
Ecobank Transnational Incorporated (ETI), has announced the cleanup of its books of non-performing loans, by making a provision of N221.7 billion in its 2016 audited accounts. The results released on the floor of the Nigerian Stock Exchange (NSE) on April…
NERC mulls new rules, capital limits for power sector investors to tame poor deliveries
Considering observed failures and poor growth in the power sector, the Nigerian Electricity Regulatory Commission (NERC), will soon rollout new recapitalization guidelines that must be met by prospective investors in the power sector. Having indentified paucity of fund as a…
OPEC, non-OPEC production cuts restoring market stability – Barkindo
Former Managing Director of Nigerian National Petroleum Corporation (NNPC), and incumbent OPEC Secretary General, Mohammad Sanusi Barkindo shas averred that at an energy forum in Abu Dhabi that the group is hopeful over continued stay of the production cuts agreement….
