General News
NCC Gets Applause for Effective Regulations

Nigerian Communications Commission (NCC) has been applauded for its efforts in ensuring effective regulations aimed at protecting the rights and interests of consumers of telecom services as well on its efforts in promoting the provision of improved services at fair and affordable prices to Nigerians.

The commendation came from the management of Jaiz Bank, Nigeria’s first Islamic non-interest commercial bank, which paid a familisation visit to the Commission (NCC) to seek areas of collaboration between the two corporate entities.
Speaking during the visit, Hassan Usman, chief executive officer of the Bank, said while Nigeria has not reached the promised land of telecom regulation, the “NCC deserves commendation for its efforts in consistently ensuring regulatory efforts that have now made telecoms services more affordable to majority of Nigerians, a reality that can easily be benchmarked against what is happening in other countries.”
Usman also affirmed that the fact that ICT had become crucial to the development of every sector of the economy with positive multiplier effects in the life of every business and Nigerian, is the reason NCC deserves commendations.
The Jaiz Bank CEO equally noted that because banks currently rely on broadband Internet to provide efficient and effective services through seamless connectivity for intra and inter-banking services provision, the Commission’s efforts in further deepening access to seamless broadband connectivity to businesses and individuals have been of tremendous benefit to Jaiz Bank.
Speaking about the bank’ operations, Usman said it remains the first Islamic commercial bank established by the Federal Government to operate on a non-interest business model, which makes it different from conventional banks that charge interest in every area of its transaction.
He said the bank was committed to supporting individuals, the public and private sector to attain financial goals through loans for mortgage, supporting start-ups as well as those in real estate businesses.
Overall, Usman said the significant role NCC plays and does well, necessitated the visit to the Commission to see how NCC and its staff can work with Jaiz Bank to derive banking benefits from Jaiz Bank financial services.
Responding, Yakubu Gontor, director, Finance Services, NCC, who received the bank’s team on behalf of Prof. Umar Danbatta, executive vice chairman of NCC, thanked the Bank’s Management for its recognition of the regulatory role of the NCC in deepening access to broadband, which has enhanced promotion of digital financial inclusion in the country.
Gontor noted that, though the Commission, like other Ministries, Departments and Agencies (MDAs), now remits directly to the Treasury Single Account (TSA) domiciled with the Central Bank of Nigeria (CBN), is paid from the TSA by the CBN as directed by the Federal Government.
Gontor, however, called on the Bank to patronise the staff of the Commission to open accounts since its has enticing packages at low interest rates to support mortgaging and loans. Gontor also tasked the Staff Cooperative of NCC to leverage on the opportunities at Jaiz Bank to source funding to build its proposed Staff Estate at Lugbe.
General News
World Bank Blocks Social Media Comments from Nigerians over Loan Backlash

World Bank has restricted comments on its Instagram page after thousands of Nigerians flooded the platform begging them to stop lending money to Nigeria.

The protest erupted after reports that President Bola Ahmed Tinubu is seeking a fresh $1.25 billion dollar loan for approval on June 26.
Some Nigerians asked the World Bank to provide more details about the purpose of the loan and how the funds would be managed.
Others said the country should reduce dependence on foreign loans and focus on improving local revenue.
The federal government has continued to defend its borrowing plans.
Officials say the funds will support economic reforms, development projects and efforts to strengthen the economy.
Nigeria remains one of the major borrowers from the World Bank in Africa, with different administrations securing loans over the years for infrastructure, social programmes and economic support.
General News
Lagos Plans New Cybersecurity Centre

The Lagos State Government plans to establish a Cybersecurity Operations Centre to strengthen protection of government systems, digital services and citizen data amid rising cyber threats linked to the city’s expanding digital economy.

Tunbosun Alake, Lagos commissioner for innovation, science and technology, said the centre would help secure the infrastructure supporting online payments, e-government services, cloud platforms and technology-driven business operations across the state.
According to Alake, the facility will monitor, detect and respond to cyber threats targeting government networks, digital transactions and sensitive public data.
The move comes as Lagos accelerates its smart city agenda through investments in broadband infrastructure, digital identity systems and automated public services.
Alake said Lagos had already deployed 109 Data Protection Officers across Ministries, Departments and Agencies, which he described as the highest number among Nigerian states, to strengthen compliance with data protection regulations.
Alongside the proposed cybersecurity centre, the state also launched the Lagos Campus Network Upgrade project aimed at improving digital infrastructure within the public sector.
The upgrade is expected to improve network performance, automate internal government processes and enhance digital engagement with residents. The cybersecurity initiative follows the release of Lagos State’s cybersecurity guidelines in April.
The framework recommends measures including multi-factor authentication, vulnerability testing, encrypted backups and tighter endpoint security controls.
The guidelines align with Nigeria’s Cybercrime Act 2024, the Nigeria Data Protection Act 2023 and the National Cybersecurity Policy and Strategy 2021.
General News
LG Electronics Strengthens Household Energy Efficiency in Nigeria with Advanced Inverter Refrigerator Solutions

LG Electronics (LG) is reinforcing its commitment to smarter and more energy‑efficient living by spotlighting its range of inverter‑powered refrigerators designed to meet the evolving needs of Nigerian households.

As electricity costs continue to rise and inflationary pressures shape consumer spending, LG’s refrigerator portfolio is positioned as a practical solution that combines dependable performance with responsible energy consumption.
Refrigerators are among the most frequently used appliances in Nigerian homes, operating 24 hours a day and accounting for a significant share of household electricity usage. LG addresses this challenge through its proprietary Inverter Compressor technology, which intelligently adjusts cooling power based on actual usage conditions.
By reducing unnecessary energy draw, the system delivers stable temperature control while helping households lower energy consumption and manage monthly utility costs more effectively.
Beyond energy savings, LG refrigerators are designed to support food security and reduce waste, an increasingly important consideration for families navigating rising food prices. The inverter system enables faster cooling recovery after power interruptions and helps maintain consistent internal temperatures, preserving food freshness for longer periods. With fewer friction points in the compressor design, LG refrigerators also offer enhanced durability and long‑term reliability, minimizing maintenance costs over time.
LG’s energy‑saving refrigerator lineup includes Top Mount, Side‑by‑Side, and Door‑in‑Door models, each tailored to different household sizes, storage needs, and lifestyle preferences. The Top Mount refrigerators offer practical, space‑efficient designs ideal for everyday family use, delivering reliable cooling with optimized energy efficiency.
The LG GN-F452PFAQ model keeps food perfectly fresh with FRESH Converter+ that optimizes temperature as per food items and never runs out of ice with the Auto Ice Maker.
For households that require larger storage capacity and improved organization, Side‑by‑Side models provide generous interior space, improved visibility, and consistent cooling across compartments.
For more design‑conscious consumers, LG’s Door‑in‑Door refrigerators reduce cold air loss by allowing quick access to frequently used items, supporting both energy efficiency and long‑lasting freshness.
At the premium end, LG continues to innovate with advanced models such as the MoodUP™ refrigerator, which combines customizable aesthetics with functional energy‑saving features like the InstaView panel, allowing users to view contents without opening the door and reducing unnecessary cold air loss. This refrigerator comes with a washing machine as a bundle promotion.
According to LG, this range‑based approach reflects a deep understanding of how Nigerian households differ in size, consumption habits, and lifestyle needs.
“Nigerian consumers are becoming more intentional about how they use energy and manage household costs,” said Mr. Oktai Kim, General Manager, Home Appliance Solutions, LG Electronics Nigeria. “By offering a diverse range of inverter‑powered refrigerators, we are giving families the flexibility to choose solutions that suit their homes while delivering long‑term value through energy efficiency and dependable performance.”
Rather than focusing on technology alone, LG’s energy‑saving refrigerator portfolio emphasizes everyday benefits, efficient operation, reliable cooling, and designs that adapt to real living conditions. Available nationwide, LG refrigerators continue to support smarter living and economic resilience, reinforcing the company’s commitment to delivering durable, consumer‑focused home solutions for Nigerian households.
News2 days agoThe Nigeria Prize for Science & Innovation Records New Height as 2026 Edition Attracts 237 Entries
Telecom2 days agoFirm Shares 5-step Safety Action Plan on What to Do When You Discover Your Phone is Missing
General News2 days agoCross-Border Payments Startup Chimoney Closes Shop After 4 Years
Telecom2 days agoChamber Raises Alarm over Increasing Telecoms Infrastructure Vandalism
General News2 days agoTribest Corporate Support Group Appoints Fadebi as Group Executive Director
E-Financial2 days agoNDIC Drags Wema Bank to Court over N125.38Bn Banana Island Assets
General News2 days agoFCMB, REA Others Launch $188M Fund to Finance 191mw Solar Capacity
General News2 days agoGozi-Anyaokei, Bank MD Arraigned over Alleged N19m, $30,000 Fraud

















