Planes grounded as global IT outage hits airlines, media, banks

A global Information Technology, IT, cyber outage has affected the operations of banks and airline operators globally. The outage affected airlines’ operations in countries like Singapore, the United States and Australia. The IT outage began in the early hours of Friday. IT giant, Microsoft confirmed it was investigating an “issue” with its 365 apps and […]

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Transfer: Amuneke endorses Osimhen’s move to PSG

Former Super Eagles winger, Emmanuel Amuneke, has endorsed Victor Osimhen’s impending transfer to Paris Saint-Germain. Ligue 1 champions, PSG are currently working on a deal to sign Osimhen this summer. The Nigeria international has a €130m release clause in his contract. Amuneke, who gave Osimhen his international breakthrough at the U-17 level, stated that a […]

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Transfer: ‘We’re delighted to have him’ – Man City announce Guardiola’s first summer signing

Manchester City have announced the club’s first summer under their manager Pep Guardiola. The Premier League champions on Thursday announced the signing of Brazilian winger, Savinho from Troyes on a five-year deal. Savinho is Man City’s first signing of the summer ahead of the 2024/25 season. Manchester City have announced the club’s first summer under […]

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Illicit financial outflows cost Nigeria, others $50bn annually – Shippers’ Council

Nigeria and other African nations are losing $50 billion a year to illegal financial outflows, according to the Nigerian Shippers’ Council. The Executive Secretary/Chief Executive Officer of the NSC, Pius Akutah, stated this in Lagos recently during a debate competition organised by some members of the National Youth Service Corps in collaboration with industrial trainees […]

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IOCs still causing crude supply crisis, Dangote refinery cries out

The Management of Dangote Industries Limited has insisted that the international oil companies are still frustrating crude supply to its 650,000-capacity refinery. The management said this even as it commended the Nigerian Upstream Petroleum Regulatory Commission for its various interventions in the oil company’s crude supply requests from IOCs, and for publishing the Domestic Crude […]

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Insurers’ assets hit N3.3trn as premium income rises by 51%

Despite the harsh operating business environment in the economy, insurance companies were able to grow their total assets by 36.9 per cent year-on-year, YoY, to N3.3 trillion in Q1’24 from N2.4 trillion  in the corresponding period of Q1’23. The National Insurance Commission, NAICOM, disclosed this yesterday, in its first quarter Q1’24 report of the insurance sector. […]

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