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,…
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,…
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…
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…
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…
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…
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.…
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…
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…
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…
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…
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…
