Business

Dangote Group Explains EFCC Visits, Assures of Commitment to Investigation

The Dangote Group has clarified the recent visit of officials of the Economic and Financial Crimes Commission (EFCC) to its office but assured of its commitment to helping the agency with its investigations. EFCC officials visited the Dangote Group headquarters in Lagos over details of foreign exchange allocated to it by the Central Bank of […]

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Business

POS Transaction Value to Experience Massive Growth of 1,050% as ATM Cash Scarcity Bites

The global transaction value processed via soft POS will reach $11.8 billion by 2028, up from $1 billion in 2023. Growth will be driven by Apple’s launch of Tap to Pay, coupled with soft POS’ low cost of acceptance, which will lead to significant small business adoption. Soft POS allows NFC‑enabled smartphones or tablets to […]

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News

President Tinubu Sacks CEOs of BPE and FCCPC Ahead of Economy-Restructuring

President Bola Tinubu has sacked the chief executives of the Federal Competition and the Consumer Protection Commission (FCCPC) and the Bureau of Public Enterprises (BPE). Presidential spokesman Ajuri Ngelale disclosed this in a late Monday statement, saying the dismissal of Babatunde Irukera as the FCCPC EVC/CEO and Alexander Ayoola Okoh of BPE is part of […]

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Business

PASSPORT AUTOMATION: Nigerians to Receive Passports by Courier at Home, Contact with Immigration Officers Ends 

The Nigerian Government plans are almost “ready” for the commencement of full contactless passport application and the delivery of the same to applicants via courier. “Starting March 8, Nigerians will no longer have to come to our offices for their biometric,” the Minister of Interior Olubunmi Tunji-Ojo said on Monday’s edition of Channels Television’s Politics […]

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Business

Billions of Palliatives Fund in Private Accounts  Infuriates President Tinubu, Orders Minister’s Probe

The Minister of Information and National Orientation, Mohammed Idris, made this known in a statement on Sunday. Controversy had enveloped Edu’s alleged involvement in the approval of N585,198,500.00 to be disbursed into a personal account. In a letter allegedly signed by the humanitarian minister, she allegedly instructed the Accountant General of the Federation (AGF), Oluwatoyin […]

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News

Govts & MDAs Must Take Cybersecurity Serious in 2024, ZTE Corporation Warns

ZTE Corporation,  a global provider of ICT solutions, has unveiled the Cybersecurity White Paper 2023: Governance, Compliance, Openness, and Transparency. This white paper outlines ZTE’s security governance architecture and security assurance system, placing a strong emphasis on effective governance methods and industry best practices. With the evolution of digital technologies, digital infrastructure assumes a crucial […]

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Business

Dangote Refinery Takes Delivery of Fifth One Million Barrels of Crude Oil Cargo

Dangote Petroleum Refinery, on Thursday, received the fifth crude oil shipment of one million barrels of Bonny Light supplied by the Nigerian National Petroleum Corporation Limited (NNPCL), on Thursday. The company is already preparing to welcome the 6th one million crude oil cargo to the refinery, by next week. This latest development is a significant step […]

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Business

No Increase in PMS Prices, Says NNPC

The Nigerian National Petroleum Company (NNPC) Limited has assured Nigerians that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol in the country. In a statement issued by the NNPC Ltd Chief Corporate Communications Officer, Olufemi Soneye, the Company urged citizens to disregard unfounded rumours adding that […]

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Business

Social Media Impersonation: Cyber-Crooks on Rampage in South Africa Hitting Top Govt Officials

The Department of Small Business Development (DSBD) has issued a warning to members of the public regarding a number of fake social media accounts which impersonate the minister of small business development, Stella Ndabeni-Abrahams. The warning comes as a response to the discovery of over 25 fake accounts on social media platform Facebook that use […]

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Economy

Biggest Cybersecurity Issues for Worries in 2024 as Hackers Hunt

Hacking courses, leaked nudes, and AI usage in scams – these are the most discussed topics on the dark web forums Every year around December experts at NordVPN try to predict the cybersecurity risks awaiting us in the next year. This year they decided to take a different route and look into the biggest dark web forum […]

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