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Guaranty Trust Bank (GTBank) has addressed concerns over a cybersecurity incident, clarifying that while there was an attempt to breach its website, it was not cloned and no customer data was compromised. The bank reassured stakeholders that its IT team is working to restore full functionality...
Nigeria’s inflation rate dropped to 33.4% in July 2024, marking the first decline in 19 months, according to the National Bureau of Statistics. The decrease from June’s 34.2% rate signals a potential stabilization of the economy, though sustained efforts are needed to maintain this trend and...
GTBank’s website, gtbank.com, was compromised by cybercriminals following a recent domain renewal. The breach, suspected to involve phishing, began around August 14, 2024. Customers are advised to avoid the site and monitor accounts for suspicious activity while GTBank investigates and addresses...
Nigeria's oil and gas sector, a cornerstone of its economy, is driven by influential billionaires like Aliko Dangote and Folorunsho Alakija. These leaders, through ventures such as the Dangote Refinery and major oil stakes, play pivotal roles in shaping the industry and influencing global energy...
Between 2019 and 2023, Indian and Nigerian nationals emerged as the leading foreign workers in the UK, surpassing British citizens. Employment among EU nationals dropped significantly. Nigerians, notably in healthcare, saw a surge in job opportunities due to post-Brexit migration policies...
On August 14, 2024, the naira experienced its first loss after a period of gains due to a drop in external reserves and decreased dollar supply. The naira fell by 0.70% at the official market, while it appreciated on the parallel market. External reserves declined to $36.620 billion.
On August...
Nigeria’s oil marketers predict a decrease in petrol prices due to President Tinubu's directive for crude oil sales in Naira to local refineries. This move aims to cut logistics and importation costs, potentially saving Nigeria $7.3 billion annually. The policy's impact is expected amid ongoing...
MTN Nigeria's CEO, Karl Toriola, warns of a severe crisis in Nigeria's telecom sector. He calls for an urgent tariff increase to combat unsustainable pricing and rising operational costs. Toriola highlights that without immediate action, the industry faces potential collapse and a loss of...
Dangote Petroleum Refinery has refuted claims that it has set petrol prices at N600 per litre. The refinery's spokesperson, Anthony Chiejina, clarified that it has not engaged with IPMAN on pricing and urged the public to rely on official channels for accurate information as it prepares for...
Google’s Pixel 9, priced at $799, features the Tensor G4 chip, a 6.3-inch Actua display, and a redesigned camera system with 50MP and 48MP lenses. New AI features include “Add Me” for group shots and Satellite SOS for emergency connectivity. The phone promises seven years of updates.
Google has...
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