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What is Etherscan, and how does it work?

Etherscan is the most trusted tool for navigating through all the public data on the Ethereum blockchain and is sometimes called “Ethplorer.” This data includes transaction data, wallet addresses, smart contracts and much more. The application is self-contained and is neither sponsored nor administered by the Ethereum Foundation, which is a non-profit organization. The team behind Etherscan includes seasoned developers and industry professionals, who developed the Etherscan app to make the Ethereum blockchain more accessible to everyday users. Although Etherscan is a centralized platform, the app does make it easier for people to search through the Ethereum blockchain. Is Etherscan a wallet? Etherscan is not an Ethereum wallet, nor is it a wallet service provider. Users don’t receive an Et...

PDP tasks federal government on Dangote refinery shares

The Peoples Democratic Party has advised the Federal Government to ensure transparency in its planned acquisition of 20 per cent shares in Dangote refinery. The PDP said this in a statement by its National Publicity Secretary, Kola Ologbondiyan, in Abuja. Ologbondiyan said: “The PDP has nothing against any genuine and honest incentives for private refineries, but we insist that such must not be used as avenues for siphoning funds from national treasury. “The transaction must be made completely open, in terms of conditions for crude barter trade, duration, equity sharing and signatories among other things.” Ologbondiyan urged the National Assembly to take advantage of its oversight power on the Nigerian National Petroleum Corporation to ensure that the deal was transparent. “The PDP insists...

Ekiti reduces stake in Wema Bank

Ekiti State, one of the shareholders of Wema Bank Plc, has reduced its stake in the bank by 666.670 million from 1.191 billion shares. Ekiti, Oyo, Ogun, and Osun States are shareholders in Wema Bank. While Oyo, Osun, and Ogun held 666.670 million or 1.73 per cent each, Ekiti held 1.191 billion or 3.09 per cent as at December 31, 2019. But in a notification to the Nigerian Stock Exchange (NSE), signed by the Company Secretary of Wema Bank Plc, Johnson Lebile, the bank said Ekiti State Government sold 666.670 million shares at 65 kobo per share on the floors of the NSE, amounting to N433.336 million. According to the bank, the transaction took place between March 3 and 4, 2021. With the transaction, Ekiti State now holds about 524.1 million shares. Neem Tree Limited remains the majority shar...

Seplat issues $650 million oil and gas bond

Seplat Petroleum Development Company, a Nigerian independent oil and gas firm, has issued $650 million in aggregate principal amount of senior notes due in 2026. It is said to be the largest ever Nigerian oil and gas bond issuance. A senior note is a type of bond that must be repaid before most other debts in the event that the issuer declares bankruptcy. It is more secure than other bonds. The dual listed company said the five-year bond was well-received in the market with orders from high quality institutional investors. “The notes priced at a yield of 7.75%, representing a significant pricing reduction from its $350 million debut issuance in 2018, which priced at a yield of 9.50% , with a coupon of 9.25%,” a statement by the company read. “The offering was well oversubscribed with deman...

NDLEA rues over shipment of illegal cargoes through Nigeria’s seaports

The National Drug Law Enforcement Agency, NDLEA, has said some ships and their crew bring in illegal consignments from the port of origin into the country. NDLEA also hinted that the shipments are perfected by at the Nigerian end of the transaction by collaborators on arrival at the nation’s ports. Disclosing this in Lagos at the Joint Vessel Boarding Meeting held in Lagos, Assistant Area Commander, NDLEA, Mercy Thompson, noted that the recent drug seizure made at Tin-can Island Port by the Agency was also brought in the same way. She, therefore implored ship crew members to cooperate with representatives government agencies boarding vessels, while complaining that most times the ship captains and their crew refuse to come out to meet them while other times the crew are very uncooperative....

Apple’s App Store hosting multi-million dollar scams – developer

Mobile app developer Kosta Eleftheriou has a new calling that goes beyond software development: taking on what he sees as a rampant scam problem ruining the integrity of Apple’s App Store. Eleftheriou, who created the successful Apple Watch keyboard app FlickType, has for the last two weeks been publicly criticizing Apple for lax enforcement of its App Store rules that have allowed scam apps, as well as apps that clone popular software from other developers, to run rampant. These apps enjoy top billing in the iPhone marketplace, all thanks to glowing reviews and sterling five-star ratings that are largely fabricated, he says. Up to now, I’ve been in the “Apple *wants* to do the right thing” camp. My viewpoint is starting to change. How to spot a $5M/year scam on the @AppS...

Manchester City’s Eric Garcia agrees five-and-a-half year deal at Barcelona

Manchester City defender Eric Garcia has agreed a five-and-a-half year deal with Barcelona with the clubs closing in on a cut-price agreement, report El Mundo Deportivo. It is claimed that there is a deal which will see the Blaugrana pay €5m – in a transaction that will go through next season – alongside a further €5m in variables for the player, who is out of contract this summer. Back in August, City boss Pep Guardiola confirmed the player would not renew his deal at the English club and the defender is now taking centre stage of Barcelona transfer news this calendar year. The central defender has been a Cule all his life but joined City in 2017 from the Catalan giants, with previous multiple reports claiming they have been eyeing a return for the past year. Reports have drawn parallels ...

Central bank grants 9mobile service payment bank license

9PSB (Payment Service Bank), a subsidiary of 9mobile, says it has been granted approval by the Central Bank of Nigeria (CBN) to commence operations in the country. 9mobile, in a statement on Saturday, said that its *990# payment service banking platform would help drive financial inclusion in Nigeria’s ecosystem. It said that CBN’s approval to 9PSB would also save bank customers from long queues in banking halls, consistent network failure, stringent documentations to access credit facilities and frequent transaction/dispensing error, among others. Speaking on 9PSB’s entrance into Nigeria’s financial sector, 9mobile Chief Executive Officer, Alan Sinfield, said there was a huge potential in the market and 9PSB was strategically positioned to expand its operations into financial services. “W...

EFCC investigates assault on Shawarma seller by officers

The Economic and Financial Crimes Commission says it has launched an investigation into the alleged assault of Ms Mnena Ato, the Managing Director and Chief Executive Officer, Star Shawarma, Makurdi, Benue State. The EFCC said in a statement by its Spokesman, Dele Oyewale, that it is not the character of the commission to assault innocent citizens. The statement read in part, “The attention of the EFCC has been drawn to reports of a recent arrest made by its officers at a pastry firm in Makurdi, Benue State, involving Ms Mnena Ato, Managing Director and Chief Executive Officer, Star Shawarma. “The commission has commenced investigations into the circumstances of her arrest and would leave no stone unturned in ensuring that all facts related to the arrest are unearthed. It is not in the cha...