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Showing posts with the label Business

#Facebook Domain 'Stolen' Amid Global Shutdown

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Facebook services spanning Whatsapp, Instagram and Facebook itself have been shut down following an attempt to hijack the company’s domain name. There has been a widely reported inability to access the services since Monday afternoon after a yet-to-be-identified hacker nuked the DNS A; an address file that holds an IP address of the domain name and AAA records for Facebook, Instagram and Whatsapp. Earlier the company had tweeted about Whatsapp, saying, “We’re aware that some people are experiencing issues with WhatsApp at the moment. We’re working to get things back to normal and will send an update here as soon as possible.” The main domain of Facebook company,  Facebook . com , is now available for purchase. Details of the hack are yet to unravel. Following the global outage of some social media platforms, WhatsApp has said it is currently working to get back. This is not the first time this year social networking apps have suffered an outage. In April and June this year, the social

Jeff Bezos funds anti-ageing technology to help humans 'live forever'

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The world's richest man, Jeff Bezos, is reportedly investing in anti-ageing technology that could extend the average human lifespan by up to 50 years.   Bezos is said to be one of several billionaire investors in Altos Labs, a Silicon Valley tech firm working on experimental - and potentially dangerous - new life extension technologies.  The new company has hired dozens of experts from top universities to research how cells age and how to reverse that process.  This "reprogramming technology" aims to return normal cells to a "primitive" stem cell state - that is how cells act when someone is first born - in order to heal and regenerate.   Among those hired is Spanish scientist Juan Carlos Izpisua Belmonte. He is infamous for his controversial work on mixing human and monkey embryos, and predicts he will be able to extend life expectancy by 50 years.   When Belmonte tested his findings on live mice, they showed signs of age reversal - however, some mice developed

FG to buy 20% of Dangote Refinery’s shares for $2.76 billion

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The Federal Executive Council (FEC) has approved the acquisition of 20 per cent minority stakes ($2.76 billion) by the Nigerian National Petroleum Corporation (NNPC) in the Dangote Petroleum and Petro-Chemical Refinery. Timipre Sylva, Minister of State for Petroleum Resources, briefed journalists after the virtual FEC meeting presided over by Vice President Yemi Osinbajo on Wednesday at the Presidential Villa. Mr Sylva explained that the acquisition would cost $2.76 billion. The minister added that the FEC also approved contracts for the rehabilitation of Warri and Kaduna refineries. “The FEC, today, approved the award of contract for the rehabilitation of Warri and Kaduna refineries at the combined total sum of $1.5 billion – $897.67 million for Warri refinery and $586. Nine million for the Kaduna refinery,” Mr Sylva disclosed. “The executive council also approved the acquisition of 20 per cent minority stakes by the NNPC in the Dangote Petroleum and Petro-Chemical Refineries in the

Banks,shops and businesses in Anambra shut down over Nnamdi Kanu's trial (photos)

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Banks, shops, and industries in Onitsha and Nnewi stayed shut today, July 26, as the trial of Nnamdi Kanu resumes at the Federal High Court Abuja.   According to reports from the state, youths suspected to be members of the Indigenous People of Biafra, (IPOB) allegedly blocked the entrance and exits from Onitsha including the Onitsha head bridge and the industrial town of Nnewi.   The roads leading to major markets in Onitsha were also allegedly occupied by IPOB members to ensure that residents stay at home in solidarity with the IPOB leader, who is being arraigned in Abuja today.   Banks also had to stay shut for fear of chaos.   Drivers seen trying to enter Onitsha were allegedly ordered to return to their destination.   Youth suspected to be IPOB members also lit bonfires in the streets as they ensured compliance to the sit-at-home order.  

Stop waiting for government jobs. Learn trade and start business like 'Obi' - Kogi Governor's aide advises graduates

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The Special Adviser to Kogi State Governor on Multilateral, Donor Agencies and Special Projects and Focal Person, National Social Investment Programme, Prince Abdulkareem Suleiman Onyekehi, has advised graduates to go and learn trade or start business like Obi 'Cubana'.    "Stop waiting 4govt jobs. Govt can never employ all graduates. Learn trade &start business. Start small like Obi. U will succeed" he advised.   

”It’s very painful when people say I got my oil well because I made blouses for Mrs Babangida”- billionaire businesswoman, Folorunsho Alakija

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Billionaire oil magnate, Folorunsho Alakija, says it is very painful when people attribute her acquisition of an oil bloc to the fact that she made ”blouses” for the former first lady, late Mrs. Maryam Babangida. In a chat with Arise TV to celebrate her 70th birthday today July 15, Alakija who has been described as one of the wealthiest black women in the world, said the only thing Mrs. Babangida did for her at the time was to facilitate her meetings with the Petroleum Minister at the time and, thereafter she – Alakija- put in all the work. Going down memory lane to how she acquired the oil bloc, Mrs. Alakija said she met a family friend of hers on a plane, and while discussing the friend informed her that she would be needing her help when they returned to Nigeria. She said the friend had told her that she had already reached out to some other persons for the same assistance but that if they do not come forth, she would contact Alakija. ”We got back to Nigeria and she came knocking at

Groundbreaking!! 6 Nigerian Banks Now Have Female MDs.

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On Wednesday, Guaranty Trust (GT) Bank announced the appointment of Miriam Olusanya as its Managing Director/CEO, the first woman to occupy the position since the bank was established in 1990. With the announcement, GT Bank joined the list of commercial banks in Nigeria who have women in charge of affairs. Earlier this week, First City Monument Bank (FCMB) announced Yemisi Edun as its MD/CEO. On the 1st of January 2021, Nneka Onyeali-Ikpe assumed office as the MD/CEO of Fidelity Bank Plc. Other women leading affairs at commercial banks in Nigeria include: Ireti Samuel-Ogbu (Citibank Nigeria), Halima Buba (SunTrust Bank), and Tomi Somefun (Unity Bank).