Kaspersky Warns About Rise of Digital Scams at Qatar 2022 World Cup

By Kehinde Ogundare In recent years, the global economy has faced and continues to face numerous challenges, including a pandemic, war, climate change, and inflation. Businesses have had to adapt and find new ways of working to tackle these challenges. Nigeria is no exception. According to the National Bureau of Statistics of Nigeria, the annual inflation rate accelerated to 24.08% in July 2023, the highest since September 2005. This has affected everything from electricity tariffs to transportation, all crucial to the performance of Nigerian enterprises. Fortunately, by adopting the right technologies and using them the right way, enterprises can ensure that they’re

By Adedapo Adesanya Leading global provider of technological solutions YNV Group, through its cybersecurity brand, Cytek, has advocated that stakeholders in the financial services sector prioritise cybersecurity and highlighted key strategies for resilience at a recently hosted webinar for the industry. The session which was held on November 22, was themed Ensuring Cybersecurity Resilience in Financial Services Companies in Nigeria, and served as a pivotal platform for fostering collaboration and knowledge exchange in the sector. Led by cybersecurity experts in the industry, the webinar analysed some of the pressing challenges and emerging threats faced by financial services companies in Nigeria while

By Modupe Gbadeyanka Salesforce and Amazon Web Services (AWS) have expanded their strategic partnership, deepening product integrations across data and artificial intelligence (AI). The new and enhanced integrations will include streamlining purchasing options for customers via the AWS marketplace, enhancing customer experiences through unified data management, empowering developers with new AWS compute and development services, securely bringing AWS data and AI services to Salesforce’s Einstein 1 Platform, and ensuring seamless customer service with service cloud and Amazon connect. It was gathered these features will enable customers to seamlessly and securely manage their data across Salesforce and AWS, and safely and

By Adedapo Adesanya The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Mr Aminu Maida, has charged Nokia Networks to increase its investments in Research and Development (R&D) to support the growth of Information and Communication Technology (ICT) in Nigeria. Mr Maida spoke when a delegation from Nokia Networks of Finland led by the Deputy Minister, Under-Secretary of State for International Trade from the Ministry for Foreign Affairs of Finland, Mr Jarno Syrjala, visited the commission recently to explore further opportunities for mutually beneficial relationships. He told the delegation that the Nigerian government is

By Dipo Olowookere The Central Bank of Nigeria (CBN) floated an OMO auction on Thursday, offering N75 billion worth of the debt instrument to investors at the market. However, when subscriptions for the exercise were compiled, subscribers offered N398.6 billion more than what was auctioned by the apex bank. Business Post reports that the total worth of the subscriptions was N473.6 billion, amounting to 631 percent subscription rate. But at the end of the exercise, the central bank allotted the N75 billion worth of the OMO bills it initially offered to sell at the auction, with the stop rates maintained

By Modupe Gbadeyanka Minister of State for Budget and National Planning, Mrs Hajiya Zainab Ahmed, has explained why it has become difficult for banks in Nigeria to lend money to Small and Medium Enterprises (SMEs). The Minister, while answering questions at the 5th EU–Nigeria Business Forum on Friday in Lagos, blamed this on Federal Government’s indebtedness to some of these financial institutions through local borrowing. She said because of this, it was almost impossible for banks to give money to small business owners to grow their enterprises. “Banks are not able to borrow to SMEs because government is heavily borrowing

By Modupe Gbadeyanka Kwara State Governor, Mr Abdulfatah Ahmed, has flagged off a N41 million empowerment for women in the state. The Governor, who made a symbolic presentation of cheques to beneficiaries at the Banquet hall, Ilorin said his administration has prioritized the informal sector as a major driver of economic activities and as the area in which majority of the people are making a living. He said the remaining balance of N21 million will be released to qualifying women in the coming month noting that empowerment is part of his administration’s efforts to enhance the livelihoods of women. According

One of Nigeria’s leading electricity distribution companies, Ikeja Electric Plc, has announced the roll-out of prepaid meters for customers in the Ikorodu Business Unit. According to the Disco, the deployment and installation of prepaid meters to customers in Ikorodu, which will be carried out by one of its MAPs, New Hampshire Capital limited, will commence on June 17, 2019, following the successful registration and subscription for meters by thousands of customers spread across Ikorodu and Epe. This was made known at a media briefing held in Ikorodu which was attended by customers, stakeholders under Ikorodu Business Unit of Ikeja Electric.

By Modupe Gbadeyanka A former rector of the Federal Polytechnic, Ado-Ekiti, Ekiti State, Mrs Theresa Taiwo Akande, has been arraigned by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). Mrs Akande was docked by the agency on charges bordering on gratification and other offences while serving as a public official at the tertiary institution. She was brought before Justice A. L. Ogunmoye of the Ekiti State High Court in Ado-Ekiti alongside a former bursar of the polytechnic, Mr Onaolapo Elijah Aderemi. According to the anti-graft agency, the duo allegedly received bribes from contractors handling projects in the school.

By Dipo Olowookere In recent times, Diamond Bank Plc has been in the news mostly for the wrong reasons, which has left many people wondering what will happen to their investment in the financial institution. This fear worsened yesterday when a reputable businessplatform, Proshare Nigeria, published a letter purportedly written by theformer Chairman of the bank, Mr Oluseyi, Bickerstheth, to key shareholders and stakeholdersin the industry. The letter detailed how some directors, who were later forced out of the firm, kicked against alleged corporate governance abuse by some key elements of Diamond Bank, including its CEO, Mr Uzoma Dozie. Mr

By Dipo Olowookere Minister of Finance, Mrs Kemi Adeosun, has disclosed that it was time the country stopped borrowing to fund its budget. Speaking today at the Presidential Quarterly Business Forum (PQBF) in Abuja, the Minister said instead of incurring additional debts to finance the budget, government will now make efforts to raise its revenue through taxes and others. “We need to increase our budget size, but we can’t depend on borrowing anymore, so we have to improve revenues and block leakages,” Mrs Adeosun said at the business forum. The Minister’s position on Tuesday suggests that the Federal Government will

By Aduragbemi Omiyale Some customers of a prominent wellness company, iFitness, are currently not happy with the management of the firm because of the introduction of annual club dues. They described the development as a rip-off, calling on the team to reverse it or risk losing them to competitors. iFitness is a gym club with a unique selling point of using a membership subscription in any of its branches nationwide. It also operates a franchise, which makes it easier for members to use any of its facilities in any state of the federation it operates. On Sunday, there were reports