Nigeria’s crypto trading app, Patricia, which recently converted its customers’ crypto and cash assets to Patricia Token without their consent, has said that it could not give a timeline as to when the customers can recover their money.
Patricia in a White Paper released to explain its actions said it recently experienced a cyberattack, which led to the loss of assets. It added that its commitment to integrity and customer trust spurred the creation of the Patricia Token as an internal token for the customers to hold on to.
According to the company, the Token symbolizes a promise to pay holders 1 USDT for each Patricia Token in the future, thereby ensuring asset recovery and addressing the impact of the security breach. It said the Patricia Token is not on-chain, but an internal token used to represent debt and it would be managed by the company.
Kingosytex: We just dey destroy and demolish things
Why not bring the culprits to book and convert the refinery to government use? Since they refine fuel of nice and high quality octane value, why not convert it to government property to? Even if the standards fall short, why can't it be upgraded?
1. What you call refineries are just "makeshift boilers" constructed to distill kpofire aka low quality diesel, kerosene and petrol.
2. Crude oil is stolen from compromised pipelines. This is the only motivation for the illegal business. Take away the awoof stock and they will all abandon the hazardous activity.
DanielsParker: How useful can this be for me? Our transformer is bad, I don’t know how long this is going to take to fix. My main generator has spoilt beyond repairs and my budget is limited.
Im a single guy, I don’t cook often’. I need my laptop, phones and Tv on all the time. I’ve got a smarttv, iron, microwave, 145L fridge. Although I don’t want to use all at the same time..
Up your budget to a 2.5KvA generator. This engine will suffer under microwave and iron loads.
In order to comply with the Online News Act, we have begun the process of ending news availability in Canada. These changes start today, and will be implemented for all people accessing Facebook and Instagram in Canada over the course of the next few weeks.
For Canadian news outlets this means: News links and content posted by news publishers and broadcasters in Canada will no longer be viewable by people in Canada. We are identifying news outlets based on legislative definitions and guidance from the Online News Act.
For international news outlets this means: News publishers and broadcasters outside of Canada will continue to be able to post news links and content, however, that content will not be viewable by people in Canada.
For our Canadian community this means: People in Canada will no longer be able to view or share news content on Facebook and Instagram, including news articles and audio-visual content posted by news outlets.
Google told the Canadian government it would block articles from Canada-based news outlets from appearing in search results and other products in the country after the passage of a new bill that would require Google to pay a fee to news companies.
The new bill, C-18, was passed last week. The bill would have brought in $329 million for Canadian newsrooms annually, Canada's Parliamentary Budget Officer estimated, a revenue stream that now seems unlikely to materialize. It requires companies such as Meta and Google to pay media outlets when they link to news in search or feeds.
"Big tech would rather spend money changing their platforms to block news from Canadians instead of paying a small share of the billions they make in advertising dollars," Pablo Rodriguez, member of Parliament for Honoré-Mercier, said Thursday on Twitter. Google reported $40.69 billion in Search revenue for the second quarter of 2023.
Meta already said it would begin blocking Canadian news outlets from appearing on Facebook or Instagram after the bill's passage. A similar law was passed in Australia and prompted the same response from Meta, attracting significant controversy. Meta later cut a deal with the country and restored access to news.
"The fact that these internet giants would rather cut off Canadians' access to local news than pay their fair share is a real problem, and now they're resorting to bullying tactics to try and get their way. It's not going to work," Canadian Prime Minister Justin Trudeau told reporters last week.
Meta began blocking news links for Facebook and Instagram users in Canada in June after the country passed a law that allows news organizations to negotiate with tech giants to receive payment for articles shared on their platforms. The ban by Meta, which owns Facebook and Instagram, has rankled Canadian authorities trying to share evacuation information this week across a remote swath of the country where social media is key to disseminating news.
“What Meta is doing currently is unacceptable,” said Pablo Rodriguez, Canada’s transportation minister, at a news briefing Friday. “We’ve seen that, throughout this emergency, Canadians have not had access to the crucial information they need. So, I ask Meta to reverse its decision, allow Canadians to have access to news on their platforms.”
Ebubu3: We have industrial clusters in Lagos, Ogun state, Aba/Abia and Anambra state. The industrial clusters there are massive but underperforming due to cost of running business viza viz cost of running fuel due to epileptic power supply.
You have a lot of reading to do. Some of the industrial clusters you refer to currently generate their own power from gas.
Onlinefarmstore: After Arriving Lambata we moved to the market on Bida - Minna Bye Pass for what brought us here.
The pic explains the different stages of our journey from arrival of the market to over view of the market.
Once we entered the market, we went to the yams section where bought 5 tubers yams for 2k (for small sizes ), the medium sizes 6pcs for 2.3k and the vary big sizes for 7k for 5pcs
Is this the popular Lambata Yam Market?
Why didn't you visit the market in Maje as recommended?
Toyota Nigeria Limited made history on Thursday August 3 as it launched a lubricant called Toyota Genuine Motor Oil into the nation’s market.
According to the Managing Director, Toyota Nigeria Limited, Mr Kunle Ade-Ojo, the Toyota Genuine Motor Oil manufactured by Idemitsu of Japan, is the engine oil that comes with every new Toyota vehicle from the manufacturer.
The launch in Lagos attended by top management members of Idemitsu came about two years after the product was made to undergo an extensive test on Toyota brand of vehicles in use in the country.
Ade.Ojo said at the event that even as the TGMO was designed with Toyota vehicles in mind, other automobiles could also use it for good engine performance of their vehicles.
The coming of the Toyota Motor Oil has thus deepened the competition among top lubricant makers in Nigeria.
The TNL MD said the company was thrilled to introduce TGMO of grades 20W50, 5W30 and 15W40 just as he added that other grades would come later.
He described the TGMO as “an exceptional product that represents Toyota’s relentless commitment to innovation, reliability, quality, and sustainability.”
He said one of the many benefits of the new oil is its advanced formula, adding, “This motor oil has been designed to meet and exceed the strictest industry standards.
“Its advanced formula (thin film of protection) provides enhanced protection against engine wear, reduces friction, and optimises fuel efficiency, giving you a smoother and more enjoyable driving experience.”
He gave other benefits of using the oil as engine longevity, environmental friendliness, helping to maintain the vehicle warranty and ultimately ensuring customers satisfaction.
He said, “Toyota Genuine Motor Oil helps extend the life of your engine if used regularly. With its superior protection against sludge and deposits, your engine will remain cleaner, ensuring it operates at peak performance throughout its lifespan.
“At Toyota, we understand our responsibility towards the planet. That’s why we have developed this motor oil to be more environmentally friendly, with reduced emissions during the manufacturing process and extended drain intervals that reduce waste and oil disposal.”
Ade-Ojo said the TGMO would be made available to Toyota customers and other interested motorists through its seven accredited dealers.
General Manager, Lubricant Division at Idemitsu Company of Japan, Handa Toyokazu, said firm has had a strong relationship with Toyota Motor Corporation, with a vision to produce engine oil that would give peace of minds to users through the technology of lubricant.
He added that in introducing the TGMO to Nigeria, “we hope to contribute to the good business of the country using the oil.”
Managing Director of the Middle East and Africa at Idemitsu Lube, Mr Otsubo Shinji, said the company “manufactures and supplies Toyota genuine oil to countries around the world, including Japan.”
He stressed that the oil would help to reduce mechanical wear and friction, keep the engine clean, thus extending the component life of the vehicle.
The highpoint of the launch is the announcement by the TNL MD of 10-15 per cent discount for buyers of the oil till the end of the month (August).
OasisX: .....holding close door session to determine his fate. He was indicted of dishonoring the Senate while he was a serving Minister under Buhari Administration.
He was summoned but didn’t honor it. Motion to step down his screening is seconded by Sen. Abaribe by the way.
BEDC has been very inefficient in its franchise states. The market has been thrown open to attract subnational investments in electricity generation and distribution.
Soon, someone will borrow the playbook of the Ossiomo Power Plant. It's only a matter of time.
The United Kingdom has announced a new visa application centre in Port Harcourt, Rivers state capital.
The new visa centre is located at Présidential hôtel, 5141 Aba Road, Port Harcourt, Rivers state.
According to the information on the centre’s website, applicants using the location will pay a fee of GBP 250/ ₦246,250 which includes a premium lounge appointment, courier return and SMS notifications.
The centre also said UK visa appointments can only be booked through TLScontact, urging the public to be wary of other websites, companies or agencies trying to sell UK visa appointments.
The new centre warned that it does not accept cash payments and would not request payment via social media or money transfers to individuals.
Applicants are also advised to plan their travel time to avoid being late for their appointment as the visa application centre has no parking lot.
New visa appointments start on August 3.
On passport collection, the TSLcontact said courier service is included in the premium location fee.
“Once your application has been processed by the UK decision-making authority, your passport will be collected by our courier service delivery partner and you will be able to track delivery on their website,” TSLcontact said.
“We will notify you by email when your passport is dispatched, along with information on how to track the delivery.
“The Port Harcourt visa application centre does not have a passport return facility, and all passports will be returned via courier. Please, do not visit the visa application centre in person to collect your passport.”
On July 26, members of Niger’s presidential guard deposed President Mohamed Bazoum in a coup, the fifth successful one in nine attempts in West Africa since 2020.
This has prompted the Economic Community of West African States (ECOWAS) to impose sanctions and issue a one-week ultimatum to the interim military government to reinstall Bazoum or face possible use of force.
If it goes ahead, it won’t be the first time the 15-member regional bloc has intervened in crises involving member nations. The Economic Community of West African States Monitoring Group (ECOMOG), the military arm of ECOWAS, was formed in 1990 to regularly intervene in conflicts within the region.
Here is a list of those interventions.
1990: Liberia In 1989, Charles Taylor led a militia against the Liberian government, leading to the outbreak of civil war there. Consequently, the regional bloc made an unprecedented move to intervene in 1990. The initial 3,000-man ECOMOG contingent was formed with personnel drawn from Nigeria, The Gambia, Ghana, Guinea, and Sierra Leone with additional soldiers contributed by Mali.
The mission was controversial due to a trail of human rights violations committed by its personnel, especially against women, but it secured peace. The troops were present in the country until 1996 when the war ended.
1997: Sierra Leone ECOMOG’s next stop was the Sierra Leonean capital, Freetown, in 1997 following the overthrow of the elected civilian government of Ahmed Tejan Kabbah by Major Johnny Paul Koroma in a military coup.
The force, under the command of Nigerian troops, moved part of its personnel from Monrovia, the Liberian capital, to recapture Freetown from the rebel group Revolutionary United Front (RUF). In February 1998, ECOMOG launched an attack that led to the fall of the military regime and Kabbah was reinstalled as leader of the country.
1999: Guinea Bissau The next stop for ECOMOG was a ceasefire mission in Guinea Bissau after hostilities broke out following an attempted coup in 1998. The fight was between government forces backed by neighbouring Senegal and Guinea against coup leaders who had control of the armed forces.
The hostilities were resolved after a peace agreement was put in place in November 1998 on the conditions of a national unity government and new elections in 1999 but a new outbreak of conflict in May 1999 scuppered the agreement.
In November, a peace accord was signed in Abuja which, in part, stated the withdrawal of Senegalese and Guinean troops and the deployment of ECOMOG forces to ensure peace.
2003: Côte d’Ivoire After Ivorian armed forces and rebel groups came to a ceasefire agreement in 2003, ECOWAS deployed troops as ECOWAS forces in Côte d’Ivoire (ECOMICI) to complement the United Nations and French troops.
2003: Liberia The second Liberian civil war also necessitated a return of regional troops. While the first civil war brought Charles Taylor to power, the second civil war between 1999 and 2003 led to his exit.
This time, ECOWAS deployed troops under ECOWAS Mission in Liberia (ECOMIL) with some 3,500 soldiers, with the most coming from Nigeria. They served as an interposition force, keeping the warring parties apart and facilitating the arrival of the United Nations Mission in Liberia (UNMIL).
2013: Mali A 2012 coup in Mali led to a breakdown of order and armed groups immediately took advantage of the coup that followed to overrun the north of the country.
ECOWAS led the Africa-led International Support Mission in Mali (AFISMA) to support the Malian government in the fight against rebels in 2013.
The mission was authorised by a UN Security Council resolution and its initial mandate was one year. Nigeria contributed most of the troops, but a host of other West African countries, including Gabon, Ivory Coast, Niger and Burkina Faso, also backed the mission.
AFISMA eventually gave way to the UN Multidimensional Integrated Stabilisation in Mali (MINUSMA).
2017: The Gambia Codenamed “Operation Restore Democracy”, an ECOWAS operation led by Senegal sent troops into Banjul to force Yahya Jammel who had refused to concede an election loss to Adama Barrow in the 2016 election.
Barrow was sworn in as president at the Gambian embassy in Dakar and requested an ECOWAS military intervention. The troops ensured the transition within three days.
The name of the mission was later changed to ECOWAS Mission in The Gambia (ECOMIG) and lasted until December 2021.