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CBN policy fails to protect bank customers regarding online transfer fraud

Finance /

The Central Bank of Nigeria (CBN) has set a new guideline absolving commercial banks and payment service providers (PSP) of responsibility in situation where a customer making a transfer from N1million and above suffers a fraud. According to the policy, banks and PSP, like Remita, Quickteller e.t.c, are required to issue customers indemnity forms for […]

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FCCPC to sanction errant DisCos overcharging electricity customers

Energy /

The Federal Competition and Consumer Protection Commission (FCCPC) says it will henceforth sanction Distribution Companies (DisCos) and other offenders who fail to comply with extant rules and regulations in the electricity industry. Babatunde Irukera, the executive vice-chairman of the commission, disclosed this at the consumer complaint resolution platform organised by FCCPC on Wednesday in Nasarawa

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Fresh rules for internet providers on consumer promos unveiled

ICT/Telecom /

Internet service providers in the country have been given fresh guidelines on consumer promotions. In the newly released ‘Guideline on Promotional Advertisements,’ the Nigerian Communication Commission (NCC), says telcos must specify the duration and date range of any promotion. “In respect of promotions or advertisements containing promotions, the licensee must specify the duration and the date

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Steps to protecting your systems against hackers

ICT/Telecom /

Leaving your systems penetrable to hackers could lead to your financial loss, or classified data getting into wrong hands. Cyber criminals are unrelenting in their vicious activities, which is more the reason you should continually protect your corporate systems against a possible breach. Below are ways you can protect your systems against hacking attempts: Use

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Fidelity Bank takes control of 3 electricity companies over debt default

Energy /

Fidelity Bank is to take over the boards of Kano, Benin and Kaduna distribution companies (DISCOs) and collateralise their shares. Bureau of Public Enterprise (BPE) director-general Alex Okoh and executive chairman of the Nigerian Electricity Regulatory Commission (NERC) Sanusi Garba disclosed this in a joint statement on Wednesday. “Today, we were informed by Fidelity Bank

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NCC speaks on training skilled vocational artisans

ICT/Telecom /

The Nigerian Communication Commission (NCC) says it is developing a portal for the purpose of registering skilled vocational artisans in the country. Freda Bruce-Bennet, of the Digital Economy Department of the NCC, told the plan to participants at a event, held in Lagos. Bruce-bennet said members of the Association Of Skilled Vocational Artisans Of Nigeria

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How to prevent your Android device against new malware attack

Education /

Android users have been warned about a malicious software (malware), called ‘toll fraud’. The researchers said the malware disguises as normal apps on Google Play Store but, once installed, it drains the wallet of users. According to them, toll fraud malware falls under the subcategory of billing fraud “in which malicious applications subscribe users to

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Facts about Huawei’s newly launched Nova 10 phone series

ICT/Telecom /

Chinese phone maker Huawei Monday launched Nova 10 and Nova 10 Pro smartphones. The phones were launched in China and both have similar design but with few differences. The smartphones have OLED displays that come with up to 120Hz refresh rate, triple rear cameras with 50-megapixel main sensor, Qualcomm Snapdragon 778 SoCs, and 60-megapixel front

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