Telecom
FG to Compel Telcos, Oil Companies to List on NSE

President Goodluck Jonathan has said that the federal government will come up with guidelines that will encourage major companies in the oil and gas, telecommunications and power sectors of the Nigerian economy to list on the Nigerian Stock Exchange (NSE).
President Jonathan who spoke during a meeting with the capital market community at the NSE in Lagos, said his government attached much importance to the capital market, as it reflects significant performance of the nation’s economy and would do everything economically possible to make the market attractive to investors and issuers.
He said that the listing of the companies would not only enable Nigerians benefit from partly owning them, but also engender transparency and good governance in the companies.
“Something is wrong somewhere. I believe very clearly that the government and you (capital market operators and regulators) need to work together to look at these areas.
“There are leakages, for example, some of the companies that are operating in this country are not really disclosing what they are supposed to disclose. Companies that are supposed to be listed on the stock market are not listed, so their operations are not as transparent as they should be,” he said.
According to the president, as the biggest economy in Africa, the nation’s capital market ought to equally be the largest, adding that the only way to achieve that was to ensure that big companies operating in the economy and are benefiting make their shares available for Nigerians to invest in and benefit.
“To give a scenario, America has the biggest GDP in the world and its capital market is also the biggest. South Africa when they were number one on the continent, their capital market was also number one.
He said he had in the past held discussions with MTN during one of his visits to South Africa on the need to list their shares in Nigeria.
“When I met with MTN in South Africa, we discussed the need for them to list. We are working hard to make sure that companies that are supposed to list do so. That is the only way the Nigerian capital market and economy can grow and so that Nigerians can participate,” he said.
The president added that after a proper study of the situation, the government would come up the guidelines for the listing, disclosing that listing of companies would be one of the incentives.
“We will certainly come up with guidelines in that regard. It is only proper to study something and meet with technical experts before coming out with the final pronouncement on it. But we will definitely encourage most of these companies to list and make it a condition for them to benefit from government in some areas. You must do certain things properly. So, I believe we will give you what you want,” he said.
Jonathan assured the stockbrokers and executives of listed companies that the government would continue to partner the private sector and hand off the management of businesses in order to solely face the provision of an enabling environment for businesses to thrive.
“We will continue to partner the private sector. We are moving away from where the government used to be the best manager of companies, best investors, to areas where the government will create the enabling environment for the private sector to manage the economy,” he said.
Telecom
Court Bans Kenyan Telcos from Recycling SIM Cards

Kenya’s High Court has ruled that mobile phone numbers are not disposable assets, but constitutionally protected digital identifiers, striking at the core of a long-standing industry practice of arbitrarily reassigning inactive SIM cards without the owners’ consent.

In a landmark decision that could reshape telecom regulation and digital identity frameworks across Africa, sitting at Milimani Law Courts in Nairobi, Justice Lawrence Mugambi declared that reassigning a phone number without the original owner’s consent violates the right to privacy.
The ruling effectively elevates a SIM card into the same legal category as personal data tied to an individual’s private life.
At the heart of the ruling is Article 31 of the Constitution, which safeguards citizens from unnecessary disclosure of private information and interference with communications.
The court found that in today’s digital economy, a registered mobile number functions as a critical gateway to sensitive personal data, linking users to mobile money platforms like M-PESA, banking systems, email accounts, and social media profiles.
“When mobile digital identity is lost through reallocation or recycling without interrogating the reasons behind inactivity, it creates an avenue for unauthorised disclosure of delicate information,” the judgment stated.
The case, brought by Erastus Ngura Odhiambo, petitioner and former prisoner, challenged the routine telecoms practice of deactivating SIM cards after prolonged inactivity and reassigning them to new users.
Odhiambo lost access to his mobile phone number due to inactivity while serving his lengthy sentence.
He argued that the practice exposes individuals to serious risks, including misdirected financial transactions, intercepted one-time passwords, and unintended access to private communications.
The court agreed, highlighting how recycled numbers can result in strangers receiving confidential messages, authentication codes, and even being added to private messaging groups, effectively inheriting fragments of another person’s digital life.
Justice Mugambi also criticised the rigidity of SIM deactivation policies, calling them “arbitrary” for failing to consider legitimate reasons for inactivity such as incarceration, studying in restricted environments, or living abroad.
“Incarceration does not strip an individual of their constitutional rights to privacy and identity,” he noted.
For telecom operators, including Safaricom, the ruling introduces a significant compliance burden. The court outlined three strict conditions before any number can be reassigned.
Telcos must obtain informed and verifiable consent from the original owner, issue a public notice and conduct traceability efforts over a reasonable period.
More importantly, the court further directed that telecoms firms must implement technical safeguards to prevent data exposure to the new user.
The Office of the Attorney General has been given six months to translate these directives into enforceable regulations.
Telecom
Binance Earn: Simple Way to Earn Rewards on Idle Crypto Holdings

Binance Earn offers cryptocurrency users an accessible way to generate rewards on idle digital assets without active trading or constant market monitoring.

Binance Earn
As the crypto market matures, more holders seek productive uses for their assets rather than leaving them dormant in wallets. Binance addresses this through Binance Earn, where users allocate supported cryptocurrencies to various reward products for automatic yield generation.
The platform emphasises simplicity with a “set-and-forget” model: users select assets, pick a product, and rewards accrue passively in the background. This appeals especially to long-term holders aiming to enhance portfolio value over time without day-to-day involvement.
Binance Earn provides flexible options for instant liquidity access alongside fixed-term products for defined commitments, catering to diverse strategies and risk appetites.
“We’re seeing growing interest across Africa in ways to make crypto holdings more productive without active trading,” said Larry Cooke, Africa Head of Legal at Binance. “Simple, ‘set-and-forget’ solutions are becoming increasingly relevant as more users take a longer-term approach to digital assets.”
The feature reflects shifting user behaviour towards holding and gradual growth amid volatile markets, where reward rates fluctuate based on conditions, liquidity, and structures.
Users must assess risks and alignment with personal goals, as crypto remains volatile. Binance Earn positions itself as a key tool in Africa’s rising digital asset adoption, enabling hands-off participation in the ecosystem.
Telecom
New Gmail Scam Mimics Security Alerts to Steal User Data

Cybersecurity researchers at Malwarebytes Labs have exposed a sophisticated new Gmail scam where fraudsters send fake Google security alerts via phishing emails, texts, and pop-ups, tricking users into a deceptive four-step verification process that harvests login credentials, GPS locations, contacts, and other sensitive data for account takeovers.

Gmail
Disguised as routine checkups, these alerts mimic Google’s official pages to create urgency, prompting victims to install malicious “security tools” that grant hackers real-time access to Gmail and linked services—Corey Donovan, president of Alta Technologies, warns legitimate checks never come unsolicited or demand downloads, urging users to close suspicious prompts immediately and verify via official Google account pages instead.
The scam’s rise amplifies risks during travel, where public Wi-Fi hotspots—especially “evil twin” fakes like slight misspellings of “Airport_Free_WiFi”—enable interception of banking details, emails, and malware installs; Donovan advises disabling auto-connect, using VPNs for HTTPS sites only, avoiding logins altogether, and crafting strong passwords with mixed characters plus two-factor authentication.
Shoulder surfing on public transport and outdated devices compound threats, as fraudsters glimpse screens or exploit unpatched vulnerabilities—keeping phones updated with post-update privacy reviews limits app access to location or commutes, while skipping work emails in view maintains confidentiality on the go.
Nigeria’s heavy reliance on digital banking and crypto heightens vulnerability, as scammers exploit rushed travellers; Donovan stresses: “Cybercriminals target busy airports and stations knowing guards drop—stay cautious, update devices, lock privacy, and never rush links to protect against these advanced breaches.”
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