Connect with us

Business

Microsoft Ends Support For Windows XP

Published

on

Governor  Babatunde Fashola of Lagos State (5th left), Deputy Governor, Mrs Adejoke Orelope-Adefulire(3rd left), Commissioner for Housing, Mr Bosun Jeje ( left), Commissioner for Finance, Mr Ayo Gbeleyi (2nd left) and winners of 2nd batch of Lagos home ownership mortgage scheme at the mortgage draw in Lagos recently.

Governor Babatunde Fashola of Lagos State (5th left), Deputy Governor, Mrs Adejoke Orelope-Adefulire(3rd left), Commissioner for Housing, Mr Bosun Jeje ( left), Commissioner for Finance, Mr Ayo Gbeleyi (2nd left) and winners of 2nd batch of Lagos home ownership mortgage scheme at the mortgage draw in Lagos recently.

Microsoft ended support for its Windows XP operating system yesterday, leaving many who are still clinging to the outdated software exposed to cyber attacks.
The operating system is now 12 years old, so Microsoft is no longer providing security updates that patch holes in the software. The danger now is that hackers who find bugs in XP will be able to exploit them freely.
According to a CNN source, Windows XP isn’t just running on the dusty, discarded PC in your closet. It’s everywhere, threatening devices that store sensitive information and computers that keep the city lights on and water running.
An estimated 95% of bank ATMs run on XP. GE Intelligent Platforms, which sells industrial software, discovered 75% of its utility customers still use it. Cyber security provider Cylance says one of its clients is a major hospital where XP is still on more than 100,000 devices, including computers that hold patient records.
“It’s literally everywhere still,” said Cylance chief scientist Ryan Permeh.
“Every point that’s running XP is ripe for worms. They haven’t been much of a common occurrence in modern times, but any new vulnerability could result in mass infection with very little remediation.”
That includes point-of-sale systems at about 30% of retail stores, according to Greg Rosenberg, a security engineer at Trustwave. That lowers the bar to recreate the massive Target hack that happened late last year.
So, what do you do? It’s simple. Upgrade.
The best strategy is to use an operating system that still receives updates from Microsoft. For that, loading your computer with Windows 7 or Windows 8 will do. You’re better off with Windows 8, because Microsoft plans to keep supporting it until 2023.
If you’ve been holding off because of Windows 8’s missing start button, have no fear. Microsoft is adding that feature in the next update. Plus, the company is giving away $100 in credits for new Pcs.
If that isn’t reason enough, try this: Windows XP computers are already six times more likely to get infected, by Microsoft’s account.
For the stragglers, Microsoft is offering extended service for a pretty penny. The United Kingdom is reportedly paying £5.5 million to get another year of tech support, as 85% of its desktops at the National Health Service remain on XP.
Here’s the good news. There are signs the software exodus has already begun. From early 2013 to 2014, the share of computers using XP dropped from 35% to 14%, according to cloud security provider Qualys. The company’s chief technical officer, Wolfgang Kandek, expects that to drop to 10% by April’s end.
Qualys numbers show the transportation and health care industries managed to cut down their Windows XP usage significantly. And a CNNMoney review of federal contracts shows that tens of millions of dollars have been spent in recent years by the Defense, Labor and Home Security departments to upgrade from XP.
But while everyone else scrambles to upgrade, banks are scrambling to tear apart their ATMs and replace them, most small business owners don’t know that Windows XP has lost support. And some don’t even know whether their machines use XP.

Continue Reading

Business

Boat Mishap Kills Pastor, Wife And Church Members  In Brass Water

Published

on

A boat accident in Bayelsa state has killed a serving Pastor, Wife and other church members along Brass waterways
The sad incident happened at Odioama in Brass local government area of Bayelsa State when the Pastor, wife and  members of his church were in a programme.
?
?Tide confirmed that the lifeless body of the Pastor’s wife has been found and deposited in a mortuary while the remains of her husband ,the Pastor is yet  to be recovered
as search party are still ongoing.
Although the real cause of the boat Mishap is not yet known as at the time of this report,  our Correspondent gathered  that the identities of the Pastor, wife and church members were not disclosed to the public.
The mishap, Tide gathered occurred on Friday morning when the church members were on a boat transit
The Bayelsa State government and the state police command are yet to issue official statement’s  on the sad accident
By: CHINEDU WOSU
Continue Reading

Business

Rivers Workers Seek Scrapping Of Contributory Pension Scheme

Published

on

The Rivers State Council of  Nigeria Civil Service Union has called on the State Government to urgently scrap the contributory pension scheme, describing it as unfavourable to long-serving civil servants in the state.
Chairman of the union, Chukwuka Osuma, said this in an interview with newsmen in Port Harcourt,  recently.
Osuma said the current pension structure has continued to worsen post-retirement hardship for workers.
He noted that  the contributory pension scheme had failed to provide adequate retirement security for workers who had spent many years in service, especially those approaching retirement age.
According to him, civil servants who had served for more than 20 years were among the worst affected under the scheme, insisting that many retirees could no longer cope with prevailing economic realities.
He also  informed that the Union has made moves to showcase their concerns, pleading with Governor Siminalayi Fubara to abolish the pension policy and introduce a more favourable arrangement for affected workers.
“The union was not opposed to pension reforms, the contributory scheme should only apply to newly employed workers or those with fewer years in service”, he said.
Osuma explained that workers who had already spent decades in the civil service ought to remain under a more secure pension structure capable of guaranteeing stability after retirement.
The labour leader further noted that inflation and the rising cost of living had continued to erode the value of retirement savings, thereby increasing the suffering of pensioners across the country.
He also appealed to the state government to consider extending the years of service in the civil service from 35 to 40 years and the retirement age from 60 to 65 years.
Osuma argued that such adjustment had become necessary in view of present-day economic realities and changing conditions in the workplace.
The unionist also reviewed that similar policies had already been adopted in some sectors and jurisdictions, expressing optimism that the State could also implement the reforms for the benefit of workers.
He however, commended Governor Fubara for approving an N85,000 minimum wage for workers in the state, noting that the amount was above the national benchmark of N70,000.
Osuma also acknowledged the government’s efforts in the area of workers’ promotions and bonuses, but insisted that pension reforms and extension of years of service remained critical to the long-term welfare and stability of civil servants in Rivers State.
By: King Onunwor
Continue Reading

Business

FG Begins South-West Tour To Promote New Cooperative Bank

Published

on

The Federal Government has launched the South-West zonal engagement and ministerial advocacy tour on the Cooperative Bank of Nigeria share capital mobilisation, sensitisation and cooperative sector digitalisation.
 Reports say the initiative was launched through the Federal Ministry of Agriculture and Food Security.
According to reports, the advocacy tour, organised by the ministry’s Federal Department of Cooperatives, began on Monday in Lagos.
Speaking at the event, the Minister of State for Agriculture and Food Security and Supervising Minister of Cooperative Affairs, Dr Aliyu Abdullahi, said the initiative was part of President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Abdullahi described the exercise as a strategic effort to reposition the cooperative sector as a key driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity.
“Today represents a defining moment in our collective determination to reposition the cooperative sector as a major driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity,” he said.
The minister noted  the modern cooperative movement in Nigeria originated in the South-West following the 1934 Strickland Report, which led to the enactment of the Cooperative Societies Ordinance of 1935.
According to him, the decision to commence the sensitisation and share capital mobilisation tour in the region is symbolic, as it marks a return to the roots of cooperative development in the country.
Abdullahi said the advocacy tour was a direct outcome of resolutions reached at the 8th Regular Meeting of the National Council on Cooperative Affairs held in Abuja in March 2026.
He said the council approved the Renewed Hope Cooperative Reform and Revamp Programme, a comprehensive framework designed to strengthen the cooperative sector and align it with the administration’s goal of building a one-trillion-dollar economy.
“The reform programme focuses on seven strategic pillars, including governance reforms, cooperative financing and the establishment of the Cooperative Bank of Nigeria, digitalisation, capacity building, value chain development, inclusion of youths, women and persons with disabilities, and strategic partnerships,” he said.
He said the establishment of the Cooperative Bank of Nigeria and the digitalisation of the cooperative sector were the two major transformational initiatives under the programme.
“The Cooperative Bank of Nigeria is aimed at rebuilding a strong cooperative financial system capable of supporting cooperators, farmers, artisans, traders, SMEs, youths, women and persons with disabilities with accessible and affordable financial services,” he said.
Abdullahi emphasised that the proposed bank would be government-enabled but not government-funded.
“Government is not establishing the bank as an owner, nor will it rely on Treasury Single Account funds.
“The role of government through the FMAFS is to provide policy support, stakeholder coordination, regulatory facilitation and an enabling environment under the Renewed Hope Cooperative Reform and Revamp Programme,” he said.
Also speaking, the Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, reaffirmed the state government’s commitment to cooperative sector transformation.
She described cooperatives as critical tools for promoting inclusive growth, grassroots productivity, food security, financial inclusion and community wealth creation.
Ambrose-Medebem said Lagos State would continue to support reforms and collaborate with stakeholders to ensure the successful implementation of the Renewed Hope Cooperative Reform and Revamp Programme (2025–2030).
“Together, let us build a cooperative ecosystem that is modern, transparent, digitally enabled, financially inclusive and globally competitive.
“Let us build cooperatives that not only mobilise savings, but also mobilise prosperity,” she said.
Continue Reading

Trending