Business
NCC warns Samsung phone users in Nigeria to immediately update their Galaxy Store apps
The Nigerian Communications Commission (NCC), through its Computer Security Incident Response Team (CSIRT), has advised Nigerians using Samsung phones to immediately update the Galaxy Store application on their phones to avoid cyberattacks.
The advisory follows the discovery of multiple vulnerabilities in the Samsung Galaxy App Store application, which can lead to unwanted app installations and code execution.
The NCC-CSIRT disclosed that Ken Gannon, a cybersecurity researcher from NCC Group, discovered the vulnerabilities in the Galaxy App Store application on Samsung devices that are running Android 12 and older.
While warning that cybercriminals are continuously devising new means of compromising their targets, NCC-CSIRT said:
“We advise phone and computer users advised users not open files from people they do not know, not to click ‘OK’ and immediately exit the application if they receive a warning that opening an attachment or link can damage their computer or files and to promptly share an unknown email they believe to be genuine with a security or Windows administrator to assist in determining whether the file is secure.”
The team reported that cybersecurity analysts at ASEC (South Korea’s cybersecurity emergency response centre), have also discovered NetSupport RAT malware being distributed by threat actors from a phishing website disguised as a popular Pokemon card game.
The malware is a remote access tool that easily controls its victims’ Personal Computers and may allow the attackers to remotely control the compromised computer’s mouse and keyboard, access the system’s file management and history and even execute commands allowing them to install additional malware.
According to the researcher, the CRAFTED website that spread the malware is still online. It claims to be home to a new NFT card game built around the Pokemon franchise, offering users strategic fun together with NFT investment profits.
In a related advisory, following the discovery of several phishing apps on the Google Play Store, NCC-CSIRT had also advised users not to give out sensitive information through untrusted platforms.
NCC-CSIRT’s advisory on the discovery said the apps, which have been downloaded 450, 000 times in total, can be games or investment services, but that they are designed to steal sensitive user information.
While some of the malicious apps have been removed, others are still active on the store, with the affected apps listed as Golden Hunt, Reflector, Seven Golden Wolf Blackjack, Unlimited Score, Big Decisions, Jewel Sea, Lux Fruits Game, Lucky Clover, King Blitz, and Lucky Hammer.
According to the advisory, after installing and opening the app, it will contact a remote server which will reply with instructions on what to do. These instructions typically include phishing pages that will be displayed to unsuspecting users to collect their sensitive information.
Business
Nigeria’s GDP rate grew by 3.46% in Q3 2024, says NBS
The National Bureau of Statistics (NBS) says Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.
The NBS, in its GDP report published on Monday, said the growth rate is higher than the 3.19 percent recorded in Q2 2024.
Business
Dangote refinery reduces ex-depot price of petrol to N970 for oil marketers
The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as petrol, to N970 per litre for oil marketers.
This is a cut from the refinery’s N990 ex-depot price announced earlier this month, according to a statement on Sunday.
The slash would help marketers save about N20 on each litre of petrol bought from the Lekki-based plant.
Anthony Chiejina, Dangote Group’s chief branding and communications officer, said the move is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true”.
“In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement reads.
“While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.
“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”
Business
Allegation of missing fund untrue, says Access Bank
Access Bank Limited has dismissed as untrue allegations of missing fund and unethical behaviour.
The Bank in a statement said: “Our attention has been drawn to a video on social media wherein allegations of missing funds and unethical behaviour have been made against Access Bank PLC.
“First and foremost, we wish to emphasise that the safety and security of our customers’ funds are core priorities which we take seriously. Second, Access Bank Plc does not engage in or condone any unethical behaviour.
“In the instant case, the allegations of missing funds in the Bank are most untrue and baseless.
“There is no N500million or any other fund or amount missing from the subject customer’s account or from any other customer’s account with us.
“We and other independent stakeholders in the banking industry have thoroughly investigated these allegations and independently arrived at the same conclusions.
“Access Bank PLC operates with the highest ethical standards, and we protect our customers’ interests whilst also respecting privacy laws.
“Consequently, whilst we have engaged and will continue to engage with our customers, we must advise the public not to rely on or believe sensational and unverified claims that are designed to titillate and mislead the public.
“We remain committed to serving our customers.”
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