• The NLC and TUC have rejected the Nigeria Governors Forum’s proposal to peg the new minimum wage at ₦22,500. While the NLC is still insisting on a new minimum wage of ₦66,500, the TUC will be okay with ₦30,000. The President of the NLC, Ayuba Wabba, said that the NGF was not known to law and was thus an illegal body. He said all governors should return to their respective states and consult with workers rather than hide under the umbrella of the governors’ forum. The FG had also rejected the proposal in an earlier reaction.
  • Power generation in Nigeria plunged to 2,390.20MW on Monday as the number of idle power plants rose from seven to 15, according to the latest data from the Federal Ministry of Power, Works and Housing. Nigeria generates most of its electricity from gas-fired power plants, while output from hydro-power plants makes up about 30 percent of the total, but the three hydro-power plants accounted for more than 50 per cent of the electricity generated as of 6am on Monday, with Kainji, Jebba and Shiroro producing 366MW, 354MW and 494MW, respectively. Egbin, the biggest power station in the country, saw its output drop to 176MW on Monday from 306MW on Saturday. The idle plants are Sapele, Afam IV & V, Geregu, Omotosho, Geregu NIPP, Alaoji, Omotosho NIPP, Odukpani NIPP, Ihovbor NIPP, Gbarain NIPP, Okpai, Afam VI, AES, ASCO and Rivers IPP.
  • Justin Paine, head of trust & safety at Cloudflare, an American network content delivery service provider, announced that he uncovered a data leak of Arik Air data during a routine search for “open, exposed, or vulnerable Amazon S3 buckets”. Paine discovered an exposed bucket, containing a large number of CSV files, also a data storing tool, and traced the ownership to Arik Air. A total of 994 CSV files were found in the bucket, with some of the files containing more than 80,000 rows of data while other files contained over 46,000 rows of data. Some files contained 3 rows of data including sensitive information such as customer names, email addresses, IPs, credit card number hashes, and “what appears to be the first six digits and last four digits of the credit card used for purchase.” The data was for the period between December 31, 2016 and March 16, 2017. The airline is yet to issue a statement.
  • The Naira on Wednesday depreciated to ₦363.54 to the US dollar at the investors window in Lagos, weaker than ₦363.32 posted on Tuesday. Investors traded $397.57 million in turnover at the end of trading. Currency buyers bought the naira on the streets of Lagos at ₦360.50, while the Pound Sterling and the Euro were exchanged at ₦480 and ₦418. Trading at the BDC window saw the naira close at ₦360 to the dollar, while the Pound Sterling and the Euro were exchanged at ₦480 and ₦418.