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44% of Nigerian firms paid hackers ransom in 2021 –Report

SEVENTY-one per cent of Nigerian organisations were hit by ransomware in 2021 while 44 per cent of the affected firms were forced to pay ransoms to get their data back,

Agency Report Agency Report

Subsidy deductions hit states hard, govs owe salaries

State workers and pensioners on Sunday lamented they were carrying the burden of a cash crunch in the country with many state governments failing to ensure regular payment of salaries,

Agency Report Agency Report

Over 50 companies shut down over forex, power crises

More than 50 Nigerian manufacturing companies have shut down in the last five years, according to investigations. Some of the manufacturing companies that have exited the industry in the last

Agency Report Agency Report

Blackout hits CBN, army headquarters, others

The headquarters of the Central Bank of Nigeria, the Nigerian Army as well as the Federal Ministry of Finance, among others, suffered blackouts on Sunday due to the vandalism of

Agency Report Agency Report

Nigeria’s inflation may worsen to 16.1% in 2022 – IMF

The International Monetary Fund has projected that Nigeria’s Consumer Price Index will hit 16.1 per cent in 2022. This projection was presented in a tabular illustration in the IMF’s Regional

Agency Report Agency Report

Why aviation industry remains in recession – Union

The National Union of Air Transport Employees on Sunday said the recent hike in airfares coupled with the impact of the Russia/Ukraine war and the COVID-19 outbreak had delayed the

Agency Report Agency Report

FG to establish 119 ranches in Benue, Taraba others

A total of 119 ranches are to be created under the National Livestock Transformation Plan in various states across the country between 2019 and 2028, the Federal Government has said.

Agency Report Agency Report

Poverty can’t be eradicated without financial inclusion – First Bank

Without adequate financial inclusion, poverty cannot be effectively eradicated in Nigeria and other nations of Africa, First Bank Nigeria Plc stated on Friday. Financial inclusion refers to efforts aimed at

Agency Report Agency Report

Political interference, inconsistent policies frustrating refineries repairs – NNPC ex-manager

A retired Group General Manager, Research and Development, Nigerian National Petroleum Corporation, Dr Bola Afolabi, speaks about his family, education, career and related issues What was your childhood ambition? As

Agency Report Agency Report

Nigeria needs 100,000MW to end power crisis – Ex-minister

A former Minister of Power, Prof. Barth Nnaji, says Nigeria needs over 100,000 megawatts of power to address the persistent electricity problem across the country. Nnaji said this while addressing

Agency Report Agency Report

Fuel subsidy records 307% increase amid transport fare hike

The amount spent on fuel subsidy monthly rose from N60.39bn in March 2021 to N245.77bn in March 2022, indicating an increase of 306.97 per cent. Within this one-year period, fuel

Agency Report Agency Report

MTN earns N421bn from calls, data in three months

MTN Nigeria Communications PLC made N421.49bn from calls and data in the first quarter of 2022. This is a 20.32 per cent increase from N350.31bn that the telecoms company made

Agency Report Agency Report
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