Blog

China warns against geographic info data breaches
News Tech

China warns against geographic info data breaches

China has issued a warning to security departments to perform thorough checks in order to prevent any more breaches. This warning comes after the government discovered that sensitive and private data in important areas, such as the military, may be compromised by foreign geographic information software. Following a thorough investigation, the Ministry of State Security […]

Nigeria gets 40,000MW power from generators- FG
featured Oil and Gas

Nigeria gets 40,000MW power from generators- FG

The Federal Government announced on Tuesday that generators running on Premium Motor Spirit, also known as petrol, and those run on Automotive Gas Oil, also known as diesel, provide roughly 40,000 megawatts of electricity to Nigeria. According to The Punch, It was revealed during the ministerial summit on the Integrated National Electricity Policy and Strategic […]

Crude hits $83 as Nigeria's export passes 1.4mbpd
Oil and Gas

FG targets 1.7mbpd crude despite Nov output drop

The Federal Government declared on Tuesday that Nigeria would meet and exceed the 2024 crude oil budget benchmark of 1.7 million barrels per barrel despite a marginal decline in oil output in November 2023. The Punch reported that the Nigerian Upstream Petroleum Regulatory Commission released new data on Tuesday, which indicated that the country’s crude oil […]

WTC advocates business innovation
Business

WTC advocates business innovation

The Vice President of the World Trade Centre in Abuja, Mr. Karim Ahmed, has stated that creative solutions are required to get over difficult economic circumstances that have an impact on the country’s business operations. The Punch reported that the vice president made these remarks at end of year business and networking cocktail in Abuja. He stated […]

Inland waterways stakeholders to promote decent workplace
Business

Inland waterways stakeholders to promote decent workplace

Inland waterways industry participants have committed to advancing a respectable workplace, according to the International Labour Organization. The Punch reported that this was a result of a meeting in Geneva, Switzerland, between representatives of governments, labour unions, and employers, according to a statement from the ILO. It was mentioned that the delegates reached a consensus […]

PZ Cussons Nigeria Plc has convened an extraordinary general meeting of shareholders following a N73.8 billion loss that reduced the value of its net assets.
Business

Shareholders halt PZ Cussons capital reduction plans

PZ Cussons Nigeria Plc shareholders have cancelled resolutions passed at the company’s 74th Annual General Meeting that approved a reduction in share capital. The Punch reported that a statement filed with the Nigerian Exchange Limited on Tuesday states that the 75th AGM, held in Abuja, passed the new resolution overturning the previous ones. The resolutions were […]

Warner Bros Discovery to host Spotify podcast
News Tech

Warner Bros Discovery to host Spotify podcast

Warner Bros Discovery announced on Tuesday that, as part of its monetization push, the media conglomerate’s podcasts will be hosted by the massive music streaming service Spotify. Warner Bros. Discovery will host its podcasts on Spotify’s enterprise podcast platform, Megaphone, which will be monetized through Spotify Audience Network. Launched in 2021, the audience network is […]

NNPCL fuel subsidy gains not fully remitted - World Bank
Business

FG, World Bank partner on mining sector financing

The Federal Government is looking into partnering with the World Bank through the Ministry of Solid Minerals Development in order to provide funding and technical assistance for the mining industry’s growth. The Times reported that this was disclosed in a statement on Tuesday and signed by the minister’s Special Assistant on Media, Segun Tomori. The World […]

Business email hack rises by 1,760% in 2023 – Report
News Tech

Ukraine’s largest mobile operator hit by cyberattack

Millions of people were unable to access internet and mobile services on Tuesday after the worst cyberattack targeted Kyivstar, the largest mobile network provider in Ukraine. More than half of Ukraine’s population, or 24.3 million mobile users, and over 1.1 million home internet users are served by Kyivstar. The CEO Oleksandr Komarov stated that the […]

Hackers breach Brazilian First Lady’s X handle
News Tech

Hackers breach Brazilian First Lady’s X handle

The X account of the Brazilian First Lady Rosangela “Janja” Silva was on Monday hacked which prompted authorities to launch an investigation into the breach. “All appropriate measures are being taken,” the government said in a statement. “Crimes, misogynistic speeches, hatred and intolerance on social media will not be tolerated.” The authorities also requested the […]

MTN Nigeria Chief Executive Officer, Karl Toriola reaffirmed the company's commitment to increasing affordability and accessibility of mobile phones in Nigeria.
Business

2,500 ATC towers deal still stands – MTN Nigeria

Technology company, MTN Nigeria, has announced that it has no intention of changing its mind about leasing 2,500 of its tower sites to ATC. According to The Times, this was said by MTN in a statement released on Tuesday in response to a Reuters story that claimed IHS, the previous tower contractor, was going to present […]

CAC to delete inactive companies in 90 days
Business

CAC to delist 91,843 businesses over violation

The Corporate Affairs Commission plans to remove 91,843 companies from its register for failing to file annual returns. Nairametrics reported that the commission submitted the names of 91,843 companies for delisting in a list that was made available on its website. This is 2,738 less names of companies than the 94,581 names it released in August. Additionally, […]