Business
KAM Steel Clarifies Circumstances Surrounding Worker’s Death in Ogun
The management of KAM Steel Integrated Company clarified that Yahaya Ibrahim, who tragically passed away after slipping on a roller engine at its facility along the Sagamu-Ogijo Expressway in Ogun State, was not operating the machine at the time of the incident.
According to Tunde Badejo, Head of Human Capital at the company, Ibrahim was employed by one of their contractors.
The incident occurred around 9:12 pm on Saturday and was immediately reported to the local police. Badejo emphasized that the incident was purely industrial and involved only the deceased.
An investigation is currently underway, including a potential post-mortem examination to determine the circumstances of the tragedy.
The company expressed condolences to the deceased’s family and urged the public to await the investigation’s findings and any subsequent reports.
Business
Hamster Kombat Unveils Anti-Cheating Plan
Hamster Kombat has introduced a new anti-cheating strategy to ensure fair play and protect dedicated players. The initiative targets those attempting to manipulate the game for extra benefits, issuing a “cheating is bad” warning that could affect their positions for the airdrop distribution on September 26. The team emphasized the importance of rewarding honest players and creating a secure environment.
As Season 1 of the Telegram-based Web3 game ends on September 20, Hamster Kombat will take a snapshot of the game’s activities to determine airdrop eligibility. The game, which has over 300 million users, is focused on maintaining fairness ahead of its upcoming Season 2 launch.
Business
Binance Launches ‘Moonbix’ on Telegram
Binance announced the upcoming launch of “Moonbix,” a play-to-earn (P2E) game on Telegram’s Mini App. In this game, players explore galaxies, collect items, and earn crypto rewards. Although the game leaked early, Binance is fine-tuning it for an official release and warned users to stay cautious of impersonation scams.
Telegram Mini Apps, introduced in 2023, have seen massive engagement, with popular apps like Hamster Kombat driving crypto adoption. Telegram’s integration with The Open Network (TON) has further contributed to this growth.
Business
Nigeria Earned $1.2bn from Telecom Licenses, Says Obasanjo
The Federal Government generated around $1.2 billion from telecom license fees during the early stages of mobile technology in Nigeria, with major operators like MTN, Globacom, Econet (now Airtel), and Etisalat (now 9mobile) contributing to the sum.
These fees were instrumental in laying the foundation for the country’s telecom industry, which officially began in 2000.
The sector has since become a key driver of Nigeria’s economic growth.
Former President Olusegun Obasanjo highlighted this achievement during a book launch held in Lagos on Tuesday.
He reflected on how the licensing of these operators marked a pivotal moment in Nigeria’s technological and economic development, allowing the country to leap into the era of mobile communication.
Obasanjo acknowledged the critical role these funds played in shaping the telecom industry, which has become one of the most significant sectors in the nation’s economy today.
The successful auction of these telecom licenses provided the capital necessary to build the infrastructure and networks that have connected millions of Nigerians, driving economic activity and fostering innovation across various industries.
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