Friday, October 16

Business

Dangote exceeds 57m barrels in jet fuel exports — Report

Dangote Petroleum Refinery exported an estimated 57 million barrels of jet fuel between April 2024 and April 2026, with shipments fluctuating sharply month-to-month but rising to a peak of about 160,000 barrels per day in the latest data. An analysis…

Trusted Volumes Confirms .7M DeFi Resolver Exploit

TrustedVolumes, an independent market maker and resolver used by 1inch Fusion, confirmed it was exploited and said about $6.7 million in stolen funds are being held across three Ethereum addresses.In a Thursday X post, the market maker said the stolen…

Investing in girls can unlock 0bn for Nigeria – World Bank

Nigeria could generate more than $400bn in additional income by 2040 if the country increases investments in adolescent girls through education, healthcare, economic opportunities, and stronger legal protections, a new World Bank report has stated. The report, titled “Pathways to…

Quantum Also Adds Proof-of-Ownership Headaches

Blockchain protocols preparing for the quantum computing threat should also consider how to quickly verify ownership on the blockchain if funds are stolen, the development and research team behind the layer-1 NEAR Protocol said.Concerns that quantum computers could eventually break…

NITDA raises alarm on DeepLoad AI malware attacks, proffers solutions

The National Information Technology Development Agency (NITDA) has raised a cybersecurity alert about DeepLoad, a new AI-powered malware actively targeting Nigerian government agencies, banks, businesses, and individuals. The agency raised the cybersecurity alarm in an advisory guideline published on its…

NIWA announces West Coast cargo jetty plans

The National Inland Waterways Authority has announced plans to facilitate the development of a West Coast cargo jetty aimed at enhancing the seamless movement of goods and services across the sub-region. In a recent statement, the agency said that the…

FCMB offers zero-interest loans to women entrepreneurs

First City Monument Bank has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to N10m to women entrepreneurs to improve access to working capital and support business growth. The bank said in a…

Reps slam NCC over poor telecom services nationwide

Nigeria’s House of Representatives on Wednesday criticised the Nigerian Communications Commission over what lawmakers described as weak regulatory oversight, blaming the agency for the persistently poor quality of telecom services across the country. The lawmakers said the regulator had failed…

Aave Liquidates Kelp DAO Hacker’s rsETH Positions

Aave Labs has liquidated the Kelp DAO attacker’s remaining rsETH positions on Ethereum and Arbitrum, moving one step closer to fully restoring rsETH backing and compensating affected users. This marks a “critical step” in the “DeFi United” recovery plan, Aave posted…

Beyond pay: Why worker welfare upgrades matter

Treating employees well is a hallmark of a reputable employer. It forms a relationship, trumping contracts and mixing with a layer of shared experience, to the benefit of the business venture, ARINZE NWAFOR writes You cannot win over a worker…

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