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Nigeria’s leading internet service providers are experiencing a steady decline in subscriber numbers, as new data from the Nigerian Communications Commission
Business

NCC to block stolen SIMs in five minutes

The Nigerian Communications Commission has suggested shortening the process from 30 minutes to 5 minutes for blocking a reported stolen phone’s Subscribers Identity Module. According to The Punch, this information was revealed during the three-day public inquiries at the commission in Abuja on six regulatory instruments. The Deputy Director, Technical Standards and Networks Integrity Department, […]

Why motorists should verify vehicle insurance status - Operators
News

Why motorists should verify vehicle insurance status – Operators

Operators in the insurance industry have said that Nigerians can verify the status of their motor insurance through the Nigerian Insurance Industry Database. The Punch reported that the Nigerian Insurers Association and the National Insurance Commission together launched the NIID in an effort to combat false certifications in the country back in the day. Describing the […]

Lasaco Assurance announces N183m dividend payment
Business

Lasaco Assurance announces N183m dividend payment

Lasaco Assurance Plc has announced that it will pay a 15 kobo dividend on each share, amounting to N183 million for the fiscal year ending December 31, 2022. According to the Punch, the company’s chairman, Teju Philips, made this announcement at the 43rd annual general meeting in Lagos. She also revealed that the shareholders’ fund increased from […]

30% CIT on foreign tankers to cut FG's profit - Shipowners
Business

30% CIT on foreign tankers to cut FG’s profit – Shipowners

The 30% corporation income tax that was recently imposed on members of the International Association of Independent Tanker Owners raised concerns to the president of the Nigerian Chamber of Shipping, Mr. Aminu Umar, about how it would affect the federal government’s revenue. According to The Punch, Umar suggested on Sunday that the tax structure might […]

OpenAI is facing ongoing capacity challenges following the launch of its viral image generation feature last week, as a result, the company has temporarily disabled
News Tech

Apple releases public beta 2 of iOS 17, macOS, others

A week after seeding the fourth beta of iOS 17 to developers, Apple on Monday released the second public beta of this operating system, as well as of iPadOS 17, watchOS 10, macOS Sonoma, tvOS 17, and HomePod Software Version 17. With that, enrolled public beta testers can take advantage of the most recent updates, […]

Business

Analysts predict crude oil won’t sell $90/barrel

Some oil market analysts have predicted that the price of crude oil is not anticipated to reach $90 per barrel this year due to factors like a decreased likelihood of deeper supply cuts by the Organisation of the Petroleum Exporting Countries and its allies and China’s record-high crude oil stocks. The price of Brent crude, which acts […]

Ghana fights fraudulent loan applications, cyber-bullying
News

Ghana fights fraudulent loan applications, cyber-bullying

Nigerians seem not to be the only ones battling the issues that come with loan applications as the most recent wave of scammers in Ghana are online lending applications that prey on low-income individuals by obtrusively advertising soft loans that put them in danger. Premium Times reported that one victim from Ghana opted to download an […]

China restricts drone equipment exports over US tech tension
News

China restricts drone equipment exports over US tech tension

China placed export limitations on selected drones and drone-related equipment on Monday, citing the need to protect “national security and interests” amid rising tensions with the US over technological access. According to Reuters, the Commerce Ministry announced that on September 1st, there would be limits on some drone engines, lasers, communication devices, and anti-drone systems. A ministry […]

Loan apps: FCCPC to address rising debt with new policy
featured

FCCPC deletes all approved loan apps

The list of all approved loan applications, also known as Digital Money Lenders, has been removed by the Federal Competition and Consumer Protection Commission from its website. According to Nairametrics, the list, which contains the names of more than 180 loan applications that have been registered in the country, was allegedly removed for “clean-up.” The FCCPC website […]

NCC, Telecom operators urge states to review policies for broadband expansion
News Tech

Businesses must adopt to AI, machine learning to survive – NCC

The chairman of the Nigerian Communications Commission has stated that businesses in Nigeria must adapt to reality because of disruptive technologies like artificial intelligence, the Internet of things, and machine learning, among others, for survival. NCC chairman, Prof Umar Garba Danbatta who was represented by Mr. Alkasim Umar, Director of the Consumer Affairs Bureau at […]

Dangote Cement to establish block-making academy
News

Dangote Cement to establish block-making academy

Amidst the troubling surge in building collapses across Nigeria, Africa’s largest cement manufacturer, Dangote Cement, is making a significant move to tackle the issue head-on. According to a report by NAN, the company is planning to set up a block-making academy to train artisans in producing bricks that meet quality standards. The National Sales Director […]