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Ifeanyi Onuba and Anna Okon The Nigeria Customs Service on Wednesday announced the suspension of the implementation of the payment of import duties on old vehicles. The suspension is in compliance with an earlier directive by the Senate that the policy, which has generated controversies, should be suspended. A statement ...

Ifeanyi Onuba, Abuja The Minister of Finance, Mrs. Kemi Adeosun, has brokered a resolution of the dispute between the National Pension Commission and the National Insurance Commission over a circular issued by PenCom directing life insurance companies to transfer their annuity asset holdings to Pension Fund Custodians. The intervention of ...

Russian hackers working with Russian spies didn’t crack Yahoo security all at once. Instead, according to an account offered by U.S. officials, they methodically made their way deeper into Yahoo’s network over the space of months — maybe years. That allowed them to forge technological skeleton keys that would unlock ...

A North Korean hacking group known as Lazarus was likely behind a recent campaign targeting organizations in 31 countries, following high-profile attacks on Bangladesh Bank, Sony and South Korea, cybersecurity firm Symantec Corp. said on Wednesday. Symantec said in a blog post that researchers have uncovered four pieces of digital ...

Toshiba Corp. on Wednesday offered to provide more collateral, including shares of its prized memory chip unit, to its creditor banks, asking them to roll over their loans until the end of April. Toshiba held a meeting with the lenders at its headquarters after the beleaguered technology conglomerate missed a ...

Ministers of Japan and 10 other Trans-Pacific Partnership free trade agreement members on Wednesday confirmed the significance of the deal, while expressing concern about rising protectionism around the world. It was the first ministerial meeting among TPP members since U.S. President Donald Trump withdrew the United States from the TPP ...

Two Russian intelligence agents and two “criminal hackers” were indicted Wednesday over the theft of 500 million Yahoo accounts in one of the largest cyberattacks in history. The indictment unveiled in Washington by the U.S. Justice Department links Russia’s top spy agency, the FSB, to the massive data breach at ...

The Federal Reserve has raised its benchmark interest rate for the second time in three months and signaled that further hikes this year will be gradual. The move reflects a consistently solid U.S. economy and will likely mean higher rates on some consumer and business loans. The Fed’s key short-term ...

President Donald Trump announced Wednesday that the administration will re-examine federal requirements governing the fuel efficiency of cars and trucks, moving forcefully against Obama-era environmental regulations that Trump says are stifling economic growth. Trump was set to reveal his plans during a speech at an automotive testing center near Detroit, ...

A graduate student spent a night sheltering in Victoria University's library with her partner, amid reports of students couch-surfing, sleeping on floors and living in tents while they struggle to find homes.