Business Telecommunications Top Story

NCC warns against new SMS-based malware unleashed by Cybercriminals

The Nigerian Communications Commission (NCC), has warned the public against a new high-risk, critical and Short Messaging Service-based malware, TangleBot, infecting Android mobile devices. Dr Ikechukwu Adinde, Director of Public Affairs (DPA), NCC, made this known in a statement on Saturday in Abuja. Adinde noted that TangleBot employs more or less similar tactics as the Read More…

Banking Business Top Story

CBN releases GSI framework to check bad loans

The Central Bank of Nigeria (CBN) has released operational guidelines on the Global Service Instructions (GSI), aimed at checking the spate of bad loans within the banking sector. According to a statement by Chibuzo Efobi, for the Director, Financial Policy and Regulation Department of the apex bank, the initiative was conceived to address recurring instances Read More…

Metro Top Story

Eko, Ikeja DisCos blame drop in generation for power outage

Eko Electricity Distribution Company (EKEDC) and Ikeja Electric (IE) Plc have attributed the outage currently being experienced by customers under their networks to a drop in power generation. The DisCos made this known in statements issued on their social media pages on Saturday, regarding the state of power supply to their customers. EKEDC said the Read More…

Metro Top Story

Lagos more aggressive after #EndSARS – FRSC

The Federal Road Safety Corps (FRSC), on Saturday, said it arrested over 60,000 traffic offenders on Lagos roads, between January and December 2021. Mr Olusegun Ogungbemide, Sector Commander, FRSC, Lagos state, made the disclosure at an End-of-the-Year party Organised by the Badagry Unit Command of the Corps in Badagry. According to the commander, in 2021, Read More…

Sports Squash

Adegoke, Olatunji, others win at Lagos squash championships

Some squash enthusiasts, on Saturday, applauded the winners and participants at the just concluded Lagos State Squash Tournament for U- 1 boys and girls and the men’s and women’s category. In the men’s category, Onaopemipo Adegoke defeated Gabriel Olufunmilayo 3-2, in a keenly contested final that could have gone either way at the Teslim Balogun Read More…

Business Oil & Gas Top Story

Nigeria to amend petroleum industry law to extend petrol subsidies

Nigeria’s government plans to amend the newly-signed Petroleum Industry Act to ask the National Assembly for an 18-month extension to keep its long-standing regime of subsidising imported petrol, its junior oil minister said on Tuesday. The law signed by President Muhammadu Buhari last August contains a provision for the elimination of fuel subsidies within six Read More…