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Cybercrimes hit $455bn yearly – ISSAN

The Chairman, Information Security Society of Africa- Nigeria (ISSAN), David Isiavwe yesterday lamented that the cost of cybercrimes across the world have now hit $455billion yearly, adding that the era of Internet of Things (IoTs) posed even greater dangers to the cyberspace. Speaking in Lagos during the seventh Annual Payment Systems and e-Fraud Conference organised […]

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CBN approved a list 21 new money transfer firms

The Nigeria Central Bank yesterday released a list of  21 new  licensed International Money Transfer Operators (IMTOS) to join 14 it previously approved. This brings the total number of organisations licensed to 35. Some of the newly licensed operators include Aftab Currency Exchange Limited, AWS Malta Limited, Caperemit UK Limited, Centrexcard Limited, Colony Capital Limited […]

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Jumia promises juicy Black Friday deals

Jumia Nigeria on Monday said that there would be increased sales inventory in all categories during the 2016 Black Friday. The firm said that the increased sales inventory would cut across fashion, electronics, phones, computers, home, baby, health and beauty categories – with up to 70 per cent discount prices. It said that there would […]

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US decides as Trump claims astounding victory as America’s 45th president

Donald Trump claimed his place Wednesday as America’s 45th president, an astonishing victory for the celebrity businessman and political novice who capitalized on voters’ economic anxieties, took advantage of racial tensions and overcame a string of sexual assault allegations on his way to the White House. His triumph over Hillary Clinton, not declared until well […]

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Restriction of Lagbus: Operators threatens to fire 5, 000 workers

The jobs of about 5,000 people engaged by the Lagbus Franchisee Forum, operators of high-capacity red buses in Lagos, are on the line as their employers say they no longer have the resources to pay their salaries. This follows the decision of the Lagos State Government to stop the red buses from operating on the […]

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Winners get N4bn in Diamond Bank’s Xtra-Savings Promo

Diamond Bank Plc has so far given out a total of about N4 billion in the past eight years of its customer reward programme, Diamond Xtra-Savings promo. A total of over 4,500 customers have also been rewarded in the annual promotion, designed to reward loyal customers and encourage the savings culture among Nigerians. These disclosures […]

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US Election Day Live Video: Facebook partners with 50 broadcast stations

Facebook said on Monday it would partner with 50 broadcast stations, print and online publications for an Election Day live video blitz, as the social media company aims to build on the momentum of its popular Facebook Live video streaming service. The move comes as Facebook and rival sites like Twitter increasingly embrace live video […]

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Nigeria Stock Exchange Market

Equity market drops by 0.35%

Transactions resumed on the Nigerian Stock Exchange (NSE) on Monday still on a negative posture with the market indices sliding by 0.35 per cent due to poor liquidity. The News Agency of Nigeria reports that the market capitalisation downgraded by N33 billion to close at N9.255 trillion in contrast with N9.288 trillion achieved on Friday. […]

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NEMA to build operational Office in Benin City

Director of Relief and Rehabilitation at the National Emergency Management Agency (NEMA), Fagbemi Kayode has revealed plans to build an operational office in Benin City, the Edo state capital. Mr Kayode disclosed this after presenting relief materials to internally displaced persons at the International Christian Centre in Uhogua, Ovia Northeast Local Government Area of the […]

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Forex: CBN awards $660m to manufacturers

Manufacturing industries in Nigeria have been given access to foreign exchange valued at over $660 million in the inter-bank market to source raw materials and spare parts for their industries. The Central Bank of Nigeria (CBN)’s acting Director, Corporate Communications, Mr Isaac Okorafor, made this known in a statement on Monday in Abuja. According to […]

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IMF Boss: Equal pay for men and women boosts growth

The chief of the International Monetary Fund is calling on governments and businesses to do more to promote the same business and economic opportunities for men and women and to fight discrimination that interferes with those goals. The fund’s managing director, Christine Lagarde, tells a Washington conference that ensuring equal pay and economic opportunities for […]

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Senate request daily oil production & sales report from DPR

Nigeria Senate has called on the Department of Petroleum Resources to from now on prepare and forward to its, it daily reports of oil and gas production and sale in the country. The Senate Committee on Petroleum (Upstream) said the records must be submitted to it every month. The records will include those of petroleum industry […]

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