IN THE NEWS

Daily Watch – Interpol busts Nigerian cybergang, Zainab touts border reopening

Nigeria is ready to reopen its land borders to trade for the first time in more than a year, the finance minister said on Wednesday. Africa’s largest economy closed its land borders in late 2019 in an effort to stamp out smuggling from neighbouring West African nations. Finance, Budget and National Planning Minister Zainab Ahmed told journalists that the president would determine the date of reopening. Ahmed said a presidential committee set up on the matter has completed its job and recommended the reopening of the borders. The minister did not disclose when the report will be submitted and how soon the land borders will be reopened.  Following a year-long investigation led by Interpol, three members of a prolific cybergang with a confirmed victim count of about 50,000 organizations have been arrested recently in Lagos, Nigeria. The suspects are likely part of a larger organized group involved in business email compromise (BEC) attacks since at least 2017. Cybersecurity company Group-IB has been tracking the gang since 2019 and assisted the Interpol-led investigation, which received the code name Operation Falcon. The Nigerian Police Force apprehended the three suspects. Its cybercrime unit analyzing electronic devices belonging to the three suspects determined their ...
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NEWS

Daily Watch – Marketers and FG agree to end scarcity, CBN to tighten dollar supply

Petroleum product marketers have assured the Federal Government that they ...
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Daily Watch – Buhari seeks approval for supplementary budget, Power firms owe NERC N3 billion

President Muhammadu Buhari, has sent a letter to the senate ...
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Daily Watch – Analysts surprised as economy grows in Q3, Dasuki probe reveals stunning figures

The Minister of State for Petroleum Resources, Ibe Kachikwu has ...
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Daily Watch – FG to focus on raising non-oil revenue, IPPs more profitable than DISCOs

New Minister of Finance, Kemi Adeosun, has said the Federal ...
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Daily Watch – Remita details emerge, Petrol scarcity bites harder

Contrary to claims made last week in the Senate, Remita, ...
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Daily Watch – Complaints pour into Ikeja DISCO, Guiness joins fine game

The Ikeja Electricity Distribution Company recorded the highest number of ...
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Daily Watch – Buhari unveils his cabinet, Senate probes TSA

President Muhammadu Buhari has finally sworn in his cabinet, and ...
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Daily Watch – Buhari cuts ministries, Wike bans Biafra protests

President Muhammadu Buhari has ordered the mass retirement of permanent ...
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Daily Watch – House leadership crisis continues, EFCC boss replaced

The Speaker of the House of Representatives, Yakubu Dogara, has ...
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Daily Watch – FG to propose N8 trillion budget, Taraba verdict causes mayhem

The Federal Government is proposing a budget of up to ...
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Daily Watch – Bad debts put pressure on banks, 1 vacancy per 70 applicants

The increasing number of bad debts mean that banks are ...
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Daily Watch – Rice smuggling on the rise, Lagos robbers dare Ambode

Rice smuggling appears to have now reached prohibitive levels, with ...
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Daily Watch – Saraki submits ministers’ list, 6.6 million BVNs yet to be linked to accounts

Senate President, Bukola Saraki has submitted by hand, the list ...
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Daily Watch – BVN implementation causes chaos, Ambode comes down on LASTMA

Nigeria’s non-oil export dipped to N78.2 billion in the second ...
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Daily Watch – DSS intervenes in Afenifere-Fulani palaver, Senate communication delays Buhari’s ministers

South African newspaper, City Press is reporting that last week's ...
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Daily Watch – PDP Senators walk out over Amaechi, Buhari admits some economic hurt in ‘short term’

PDP senators walked out of the upper chamber to protest ...
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Daily Watch – Petrol scarcity feared in Lagos, Government revenue dips

A scarcity of petrol appears to have hit Lagos with ...
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Daily Watch – Power supply dips again, No one wants to buy Oando shares

Electricity generation from Nigeria’s biggest power plant, the Egbin Thermal ...
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Daily Watch – MTN hit with huge fine, Okowa remains on seat in Delta

The Nigerian Communications Commission has fined MTN a record N1.04 ...
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Daily Watch – CBN goes tough over TSA, Oando posts largest loss in Nigerian history

The Central Bank of Nigeria (CBN) last Friday fined First ...
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Daily Watch – No change in oil sector, Import tariff may be reviewed

Vice President Osinbajo says the Federal Government is not currently ...
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Daily Watch – Saraki’s trial stalls, Zamfara in trouble with Ecobank

The Code of Conduct Tribunal has again, adjourned the trial ...
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Daily Watch – Buhari assures on Deep Sea Port in Cross River, BVN to be linked to National ID from next year

Muhammadu Buhari, yesterday in Calabar, said the superhighway being constructed ...
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Daily Watch – Some DISCOs declare force majeure, MSMEs face funding crunch

Executives of power distribution companies as well as the Association ...
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