Telecoms and IT

Customs adopts electronic auction of seized goods

Nigeria Customs Service (NCS) has decided to adopt electronic platform to conduct the auction of seized goods to ensure transparency.

Mr Joseph Attah, NCS spokesman, told the News Agency of Nigeria at the weekend in Abuja that the platform was presently undergoing user acceptability test.

“What that means is that in the very near future in a matter of weeks, the NCS will officially deploy its trade portal.

Smart Machines versus Hackers

There is a gaping hole in the digital defences that companies use to keep out cyber thieves.

The hole is the global shortage of skilled staff that keeps security hardware running, analyses threats and kicks out intruders.

Currently, the global security industry is lacking about one million trained workers, suggests research by ISC2 - the industry body for security professionals. The deficit looks set to grow to 1.8 million within five years, it believes.

How the invention of paper changed the world

The Gutenberg printing press - invented in the 1440s by Johannes Gutenberg, a goldsmith from Mainz in Germany - is widely considered to be one of humanity's defining inventions.

Gutenberg figured out how to make large quantities of durable metal type and how to fix that type firmly enough to print hundreds of copies of a page, yet flexibly enough that the type could be reused to print an entirely different page.

Etisalat Gets Reprieve Over ₦541b Debt

The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have secured a reprieve for Etisalat which is facing a N541.8 billion debt crisis.

The company is threatened to be taken over by its creditors because of it has defaulted in repaying the loan.

Mr Tony Ojobo, the Director of Public Affairs of NCC, said in a statement on Saturday in Lagos, that the reprieve came following a meeting convened by CBN and NCC to find a quick resolution to the crisis.

Regulators Push for Deal in Etisalat Debt Talks

Nigeria's telecoms regulator and central bank governor intervened on Thursday to try to help Etisalat Nigeria resolve debt restructuring talks with its lenders, after the company missed a payment on a $1.2 billion loan.

A banking source told Reuters on Wednesday that the Nigerian affiliate of Abu Dhabi-listed telecoms company Etisalat had given notice to its Nigerian lenders that it would miss a payment in February. Debt talks were triggered 10 days ago but the two sides have not been able to agree on terms.

Peugeot Manufacturer Buys Vauxhall-Opel

PSA Group, makers of Peugeot and Citroen cars has agreed to buy Opel from General Motors (GM) for 2.2 billion euros ($2.3 billion).

With the buy up of Opel, PSA will become a new regional car giant to challenge market leader Volkswagen.

PSA Chief Executive Carlos Tavares vows to make Opel and its British Vauxhall brand to profit, with an operating margin of 2 percent within three years and 6 percent by 2026.

“We’re confident that the Opel-Vauxhall turnaround will significantly accelerate with our support,” Tavares said in a statement.

Rocket Company to Fly Tourists Around Moon

US private rocket company SpaceX has announced that two private citizens have paid to be sent around the Moon.

The mission is planned for late 2018, SpaceX CEO Elon Musk said, adding that the tourists "have already paid a significant deposit".

"This presents an opportunity for humans to return to deep space for the first time in 45 years," he said.

The two unnamed people will fly aboard a spaceship which is set for its first unmanned test flight later this year.

Distracted to Death

Tudor Cobalas nearly crashed his car while driving and texting on his phone.

It was this near-death experience that inspired him to turn the smartphone from a weapon of mass distraction into a tool for safer driving.

Mr Cobalas, 30, from Romania, developed SafeDrive, an app that rewards drivers for ignoring their phones while driving.

Copyright Commission seizes 3 Containers of Pirated Goods worth ₦275m

The Nigerian Copyright Commission’s (NCC) persistent fight against the importation of pirated works into the country has paid off again with the seizure of three containers of pirated goods worth N275, 000, 000. 00) in Lagos.

Director-General, NCC, Mr. Afam Ezekude stated this while taking delivery of the seized containers by The Nigerian Customs Service (NCS) in collaboration with Officers of the Commission in Lagos recently.

The seized containers are as follows: