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Microsoft Outage Caused by CrowdStrike Update Disrupts Global Operations

Boom RadioNG | July 19, 2024

A software update from cybersecurity company CrowdStrike has inadvertently caused major IT disruptions worldwide, impacting numerous sectors from banking to aviation. The update, intended for Windows systems, led to widespread Blue Screens of Death (BSODs), halting operations and grounding flights. Global Impact: In the early hours of Friday, businesses across […]



BusinessNews

Nigeria’s National Gold Purchase Program Boosts Reserves and Naira Value

Boom RadioNG | June 23, 2024

In a significant milestone for Nigeria’s economy, the National Gold Purchase Program (NGPP) has achieved remarkable progress. The program, designed to enhance the country’s reserves and strengthen the value of the naira, recently completed its first commercial transaction. Here are the key highlights: Foreign Reserves Boost: Nigeria’s foreign reserves received […]


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Flutterwave Strengthens Nigeria’s Cybersecurity Landscape Through EFCC Partnership

Boom RadioNG | June 20, 2024

Leading African fintech company Flutterwave announces a groundbreaking partnership with Nigeria’s Economic and Financial Crimes Commission (EFCC) to establish a state-of-the-art Cybercrime Research Center. This initiative marks a significant step towards bolstering the fight against internet-based crime, promoting secure online transactions, and fostering a safer digital financial ecosystem for all […]




BusinessNews

CBN Raises Interest Rate To 26.25 %

Boom RadioNG | May 21, 2024

The Central Bank of Nigeria (CBN) has today raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent. After the 2-day meeting of the bank’s Monetary Policy Committee (MPC), they agreed to increase the Monetary Policy Rate(MPR) for the third consecutive time to […]


BusinessNews

American Express Launches First Business Credit Card in Nigeria, Easing Dollar Access for Businesses

Boom RadioNG | May 10, 2024

American Express (Amex) is making a splash in Nigeria’s business landscape with the launch of its first-ever business credit card in the country. Partnering with local neobank O3 Capital, Amex aims to address the persistent challenge of dollar accessibility for Nigerian businesses. Credit Card Options and Addressing Dollar Scarcity Unveiled […]


BusinessNews

NERC Unbundles TCN, Establishes Nigerian Independent System Operator (NISO) for Enhanced Electricity Market Operations

Boom RadioNG | May 4, 2024

The Nigerian Electricity Regulatory Commission (NERC) has made a significant announcement regarding the unbundling of the Transmission Company of Nigeria (TCN) and the establishment of the Nigerian Independent System Operator of Nigeria Limited (NISO). This development comes as a result of the enactment of the Electricity Act 2023, which provides […]




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