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INTELS Acquires Largest Crane in Africa

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  • INTELS Acquires Largest Crane in Africa

INTELS Nigeria Limited has acquired a 600 tonnes Liebherr crane worth USD6 million (N1.83 billion).

The acquisition of the crane, the largest at any port facility in Africa was in line with the company’s commitment to making Nigeria the hub of Oil and Gas logistics services in Africa.

The crane has since been deployed at the Onne Oil and Gas Free Zone.

Conducting journalists round the sprawling Onne Oil and Gas Free Trade Zone on Thursday, Head, Administration and General Services at INTELS Nigeria Limited, Mr. Chibuisi Onyebueke, said the crane, which is sitting on 104 tyres is capable of lifting heavy cargoes of about 208 tonnes with a 17-metre boom outreach.

“The crane is characterised by rapid and efficient handling of loads up to 208 tonnes. With its extensive boom outreach, the LHM 600 is the ideal cargo handling solution for the type of very large and ultra large ships operating across the world today,” he said.

According to him, the huge crane, fondly called ‘Big Mama’ at the port, was acquired in addition to several other existing cargo handling equipment at the Onne Federal Lighter Terminal and Federal Ocean Terminal. He said the crane is being operated by Nigerians who had been trained abroad on its handling and maintenance.

Onyebueke said INTELS, working with relevant agencies of the federal government, has established an Oil and Gas Service Centre at the Onne Oil and Gas Free Zone to serve as a single loading location for the Oil and Gas industry in sub-Sahara Africa.

The Oil and Gas Service Centre, he noted, has improved the efficiency of personnel in the industry while saving downtime on offshore rigs 
and providing quick response in case of emergency.

He explained further: “It also provides the opportunity for better physical monitoring and follow up of equipment in stock, modularisation of areas and better control of supply vessels for the Oil and Gas industry,” even as he said INTELS tailored its services, facilities and operations to support activities in the Oil and Gas industry.

“The highly technical facilities required to support Oil and Gas related operations also require special equipment and highly skilled manpower to manage such operations which therefore led to higher level of investments by INTELS relative to competitors,” he said.

Furthermore, he said that INTELS Nigeria Limited remains fully committed to maximising, in a sustainable manner, the use of Nigerian human resources, materials, equipment and services in its operations without compromising the company’s values, quality, health, safety and environment standards.

“As a Nigerian company, INTELS is committed to maximising the participation of Nigerian businesses and local contractors in its operations in compliance with the Nigerian Oil & Gas Industry Content Development Act 2010,” he said.

The signing into law of the Nigerian Oil & Gas Industry Content Development Act otherwise referred to as the “Local Content Act” in 2010, he said, was in line with the expectations of INTELS, “as the issue of Nigerian content has been central to the company’s development strategy.”

He said the company has actively supported its host communities through supporting sustainable projects and comprehensive corporate social responsibility programmes.

INTELS, he added, has committed billions of naira to road construction, provision of street lights, ultra-modern markets/lock-up shops and ICT centres in various parts of the Niger Delta. Other projects undertaken by INTELS include school renovation; provision of civic centres, youth secretariats, jetty restoration, women empowerment projects and medical outreach.

INTELS Nigeria Limited provides comprehensive integrated logistics services to the Oil and Gas Industry. It operates in major government-owned port facilities and Free Zones in Nigeria, among others.

At present, INTELS is leading the Nigerian Oil and Gas logistics support industry as a core logistics service provider through its skill, efficiency, integrity and quality of service.

The organisation has 30 years of experience in ports management and terminal logistics support services in shore bases across Nigeria, applying the “One Stop Shop” solution under its Oil Service Centre Concept.

In 2006, INTELS was awarded concession by the Federal Government to operate Terminal A (Federal Ocean Terminal) and Terminal B (Federal Lighter Terminal) at the Onne Port Complex, which houses the Onne Oil and Gas Free Zone. It also operates terminals in Warri, Calabar and Apapa ports.

INTELS has received several local and international awards and commendation. Recently, the Nigerian Shippers’ Council (NSC) – which is a government agency under the Federal Ministry of Transportation – commended INTELS Nigeria Limited for its huge investment and commitment to the development of port operations in the country.

The Chief Executive Officer of NSC, Mr. Hassan Bello, said INTELS deserved the recognition because of its defining role in the provision of integrated logistics services in the Nigerian maritime, oil and gas industries.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Telecommunications

Lagos Residents Frustrated by Rapid Data Drain, Call for NCC Action

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Lagos residents are expressing increasing frustration over what they describe as the rapid depletion of their data bundles.

Many subscribers are now calling on the Nigerian Communications Commission (NCC) to address their concerns as they suspect changes in billing practices by telecommunication providers.

Numerous subscribers have reported that their data does not last as long as it used to. A Lagos-based teacher, Mrs. Nafidah Zaynab, shared her experience, stating that a N2,000 data bundle, which previously lasted almost a month, now depletes within just a few days.

This sentiment is echoed by many, including Idowu Anabili, a trader who has reduced his data usage due to rising costs.

Abdullahi Yunus, who runs a café, noted a significant increase in his data expenses, spending between N70,000 and N100,000 monthly, up from N30,000. He attributes this spike to faster data consumption.

Telecom operators deny any wrongdoing, attributing the faster data consumption to increased usage by subscribers.

An anonymous official from MTN explained that the variety of activities performed on smartphones has increased, leading to faster data usage.

Airtel Nigeria’s spokesperson, Mr. Femi Adeniran, suggested that background apps and high-definition streaming contribute to the issue.

Despite complaints, operators assert they have not officially increased data prices. They emphasize that automatic app updates and other technical factors may be responsible for the perceived quick depletion.

Experts suggest that the challenging economic climate may be pressuring telecom companies to subtly reduce data value.

The industry has reported a 43% rise in operational costs, although no formal tariff hikes have been announced.

The NCC has clarified that it has not authorized any increase in data tariffs. The commission highlights technical factors like automatic video play and app updates as potential causes for quick data depletion.

In a bid to assist consumers, the NCC has advised turning on data saver modes and managing app updates to conserve data.

To combat the issue, Mobile Network Operators (MNOs) have initiated a campaign to educate consumers on optimizing their data usage.

They recommend practices such as disabling automatic updates and closing unused apps.

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Social Media

Meta Shuts Down 63,000 Nigerian Accounts in Sextortion Crackdown

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In a significant move to combat online crime, Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, has removed 63,000 accounts in Nigeria linked to sextortion scams.

This sweeping action is part of Meta’s ongoing effort to address the growing threat of digital extortion on its platforms.

Unmasking the Scammers

The crackdown, which took place at the end of May, targeted accounts engaged in blackmail schemes.

These scammers posed as young women to coerce individuals into sharing intimate photos, which were then used to extort money from the victims.

The removal follows a Bloomberg Businessweek exposé highlighting the rise of such crimes, particularly affecting teenagers in the United States.

The Global Impact

The U.S. Federal Bureau of Investigation (FBI) has identified sextortion as one of the fastest-growing crimes targeting minors.

The schemes often lead to severe consequences, including the tragic suicides of more than two dozen teens.

In one high-profile case, the death of 17-year-old Jordan DeMay in Michigan led to the arrest of suspects traced back to Lagos, Nigeria.

The Role of the Yahoo Boys

Many of the dismantled accounts were linked to the “Yahoo Boys,” a notorious group known for orchestrating various online scams.

These individuals have been using social media to recruit and train new scammers, sharing blackmail scripts and fake account guides.

Meta’s Response

Meta’s spokesperson emphasized the company’s commitment to user safety, stating, “Financial sextortion is a horrific crime that can have devastating consequences.”

The company is continually improving its defenses and has reported offenders targeting minors to the National Center for Missing & Exploited Children.

To enhance protection, Meta has implemented stricter messaging settings for teen accounts and safety notices regarding sextortion.

They are also employing technology to blur potentially harmful images shared with minors.

Ongoing Efforts

Meta’s actions highlight the complex and evolving nature of online crime. The company has pledged to remain vigilant, adapting its strategies to counter new threats as they emerge.

“This is an adversarial space where criminals evolve to evade our defenses,” Meta noted.

Looking Forward

As digital platforms continue to grapple with issues of privacy and security, Meta’s recent actions demonstrate a proactive stance in safeguarding users.

By dismantling these networks, the company aims to reduce the prevalence of sextortion and foster a safer online environment for all.

The crackdown serves as a reminder of the need for continued vigilance and collaboration between tech companies and law enforcement to protect individuals from the harmful effects of digital exploitation.

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Fintech

Flutterwave Celebrates Inclusion in CNBC’s Top 250 Global Fintechs

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Flutterwave has been recognized as one of the Top 250 Fintech companies globally by CNBC and Statista.

Joining the ranks of industry giants like Ali Pay, Klarna, Piggyvest, and Mastercard, this accolade underscores Flutterwave’s impact on the financial technology sector.

This honor follows Flutterwave’s recent inclusion in Fast Company’s Most Innovative Companies list, highlighting the company’s pivotal role in transforming Africa’s payment landscape.

The recognition is a testament to Flutterwave’s dedication to innovation and excellence in providing seamless payment solutions across the continent.

Expressing gratitude, Flutterwave acknowledged its talented team, supportive board, reliable partners, and loyal customers for contributing to this success.

The company continues to drive progress in the fintech industry, reinforcing its commitment to enhancing financial accessibility and inclusion in Africa and beyond.

Flutterwave’s recognition on these prestigious lists marks a proud moment and a significant milestone in its journey, reflecting the company’s growing influence and leadership in the global fintech arena.

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