Facebook admits year-long data breach
SAN FRANCISCO: Facebook Incorporated has inadvertently exposed six million users’ phone numbers and email addresses to unauthorised viewers over the past year, the world’s largest social networking...
View ArticleOgun Assembly approves N2bn housing loan bill
Ogun State House of Assembly has passed the N2bn bill loan that will enable the state government to provide affordable mass housing for the residents. The housing project is expected to start in the...
View ArticleHousing reforms: NIQS expresses concern over slow pace
The President, Nigerian Institute of Quantity Surveyors, Mr. Agele Alufohai, has expressed concern over the slow pace of reforms in the housing sector and the mortgage finance system. Alufohai spoke...
View ArticleECB’s Asmussen calls for stronger European institutions
BERLIN: European Central Bank policymaker, Joerg Asmussen, said on Sunday that closer integration within Europe called for European Union institutions – in particular its parliament – to be...
View ArticleLaw Union and Rock introduces e-payment products
Law Union and Rock Insurance Plc has said it has adopted new e-payment modes for policyholders as part of its drive to satisfy clients’ needs. It explained in a statement on Friday that the payment...
View ArticlePower cuts worsen as generation drops by 1,598MW
Power generation in the country dropped by 1,598 megawatts on Sunday, the Transmission Company of Nigeria said. The company explained that the massive load shedding being experienced nationwide was...
View ArticleNational ID numbers to check bank fraud — NIMC
The National Identify Management Commission has said the ongoing registration exercise will check cases of bank fraud in the country. The commission expressed optimism that the new identity numbers...
View ArticleNNPC frets over US shale oil discovery
The discovery of shale oil by the United States to meet its domestic crude oil needs may adversely affect Nigeria’s revenue. As a result, the Nigerian National Petroleum Corporation has expressed...
View ArticleNIMASA threatens to detain NLNG vessels
The Nigerian Maritime Administration and Safety Agency said it had served detention notices and orders on vessels belonging to or chartered by the Nigerian Liquefied Natural Gas Company Limited. The...
View ArticleStates’ demand may frustrate new revenue sharing formula
The introduction of fresh demands by state governments on what the Revenue Mobilisation, Allocation and Fiscal Commission should consider in preparing a new revenue sharing formula is threatening the...
View ArticleFG, partners induct developers into Techlaunchpad initiative
The Federal Ministry of Communications Technology and its private sector partners have inducted the first batch of software developers the Techlaunchpad initiative into its one-year-long incubation...
View ArticleCTO’ll facilitate execution of Nigeria’s broadband plan – NCC
Nigeria’s telecommunications sector regulator, the Nigerian Communications Commission, has said that the plan to hold the next edition of the Commonwealth Telecommunications Organisation forum in...
View ArticleTenet to buy Vanguard for $1.73bn
Hospital operator, Tenet Healthcare Corp, will buy smaller rival Vanguard Health Systems, for about $1.73bn plus the assumption of debt to expand into new geographies, further evidence of...
View ArticleSamsung announces all-in-one PC
Samsung Electronics West Africa, a subsidiary of Samsung Electronics Company Limited, has announced the introduction of the All-In-One PC Series 7 into the Nigerian market. The firm, which is a global...
View ArticleInfrastructure master plan implementation begins 2014 — Minister
The Federal Government has said the implementation of the National Integrated Infrastructure Master Plan, which will help to address the unnecessary duplication of infrastructure among the three tiers...
View ArticleNo plan to sell aviation college – Rector
The Rector/Chief Executive Officer, Nigerian College of Aviation Technology, Zaria, Captain Chinyere Kalu, has said the Federal Government has no plans to sell the institution or concede the...
View ArticleDelta, Virgin Atlantic to cross-sell tickets
Delta Air Line DAL.Nsaid on Monday that it has completed its purchase of a 49 per cent stake in British airline Virgin Atlantic and added the two carriers plan to start cross-selling seats on each...
View ArticleBroadband: VDT assures clients of quality standards
VDT Communications Limited has said it will continue to provide qualitative broadband services to its customers in Nigeria, as it hopes to further grow its clientele. The firm reiterated this at the...
View ArticleCAP to grow business through strategic investments
Chemical and Allied Products Plc has said it will concentrate on strategic investments in the coming years to further grow its business. The company also said it would focus on initiatives such as cost...
View ArticleChina’s cash crunch eases
China’s cash crunch eased further on Monday after the central bank moved to prevent the money market from seizing up, but bank stocks tanked as the authorities made clear that the days of unlimited...
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