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Boeing reports $5.4-bn loss on large hit from 777X aircraft delays

Boeing reported a $5.4-billion third-quarter loss on Wednesday as massive added costs from the delayed certification of its 777X aircraft weighed down its results. In 2020, Boeing booked a $6.5 billion charge on the 777X, citing the lengthy FAA certification process and the pushing back of demand from airlines for the jet due to Covid-19.

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Just In: Senate Confirms Oluyede As Chief Of Defence Staff

The Senate on Wednesday confirmed General Olufemi Oluyede as the Chief of Defence Staff, marking the beginning of the screening exercise for President Bola Ahmed Tinubu’s newly nominated service chiefs. Naija News reports that Oluyede’s confirmation came less than an hour after he and other nominees arrived at the National Assembly complex in Abuja under

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Microsoft

Cybersecurity: Microsoft warns Africa unprepared as Nigerian private sector faces rising threats

Nigeria’s digital landscape may become under siege, if nothing is quickly done to tame the tide of cyber attacks targeting the country in particular and entire continent in general. Cyber attacks driven by financial gain, according to a new Microsoft report have surged, with 52% of incidents motivated by extortion or ransomware.

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