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Latest News Fashola dragged to EFCC over alleged diversion of $600m power fund Buhari acting like Abacha: Obasanjo •Tells him to go home and rest Religious leaders warn against impending popular revolt, call for greater citizen action to check drift FG releases N9bn to pay arrears of scholarship allowances Troops kill Boko Haram insurgents, rescue 2 aged women Scrap security votes, immunity if you win 2019 polls, SERAP tells Buhari, Atiku, others 2 pro-Biafra groups fight over 2019 polls Nigerian Army seeks strategic military partnership in counter-terrorism operations as COAS visits the Korea Self determination groups warn Buhari against double standards, provocation Stella Oduah unfolds plans for ICT mall to boost N6.4bn Onitsha market turnover Alaba traders move against substandard goods Another Nigerian tortured to death in South Africa

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (441,381 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (400,439 views) Shameless Genevieve Nnaji exposes breasts in public (334,101 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (287,078 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (252,485 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (231,577 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (215,748 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (197,013 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (184,166 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (172,648 views) Lagos plane crash: Journalist releases victims’ names (170,126 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (156,037 views)

 

Apple to release three new iphone models in 2019

Apple to release three new iphone models in 2019 Apple Inc. is planning to release three new iPhone models again this fall, including a successor to the struggling XR, the lower priced 2018 device with a liquid-crystal display that has fallen short of Apple’s sales expectations, people familiar with the matter said. Apple plans to introduce some new camera features...... more

CFOs predict recession, market crash before 2020

CFOs predict recession, market crash before 2020 An overwhelming majority of U.S. chief financial officers say the economy will sink into a recession by the end of President Donald Trump's first term in 2020, and about half say it will happen next year.  Almost half of corporate CFOs, 49 percent, say the U.S. economy's decade-long growth streak is set to collide with...... more

Heirs Holdings signs $600m facility deal with Afrexim Bank, poised to scale up energy investments

Heirs Holdings signs $600m facility deal with Afrexim Bank, poised to scale up energy investments As a further demonstration of the African Export-Import Bank’s (“Afrexim”) mandate to facilitate the growth of intra-Africa trade and support the development of African businesses, Afrexim on Tuesday signed financing facilities totalling US$600 million with the Heirs Holdings Group, a pan-African proprietary investment holding company. Heirs Holdings has significant investments across...... more

Nissan's Chairman to be ousted over financial misconduct allegations

Nissan Motor Co (7201.T) Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct and will be fired from the board this week, a dramatic fall for a leader hailed for rescuing the Japanese carmaker from close to bankruptcy. Ghosn is also chairman and chief executive of Nissan’s French partner...... more

Cyber Resilience Think Tank says actionable threat intelligence a priority

Cyber Resilience Think Tank says actionable threat intelligence a priority Mimecast Limited (NASDAQ: MIME), a leading email and data security company, has announced the release of the latest report “Threat Intelligence: Far-fetched Idea or Must-have Security Tactic? from the Cyber Resilience Think Tank”, an independent group of more than a dozen security leaders dedicated to working together to address cyber resilience...... more

First Made-in-Africa smartphone out

First Made-in-Africa smartphone out African high-tech player, Mara, has announced the production of their newest product the Maraphone – the first made-in-Africa. The full-scale smartphone will soon be manufactured in plants across Africa. “China has Huawei, Xiaomi; the U.S has iPhone and finally Africa has Maraphone,” Ashish Thakkar, founder of Mara Group told a press...... more

Shock, as Kwese quits Nigeria after only 18 months

Shock, as Kwese quits Nigeria after only 18 months News of Kwese satellite TV shutting down after only being in operations for 18 months has taken the internet by storm. As expected, people online had lots to say about this development and not many of them were nice. Econet media, the parent company of the brand, made it known that...... more

USA now world’s biggest crude oil producer

USA now world’s biggest crude oil producer The United States is now the world’s biggest crude oil producer, pushing Russia and Saudi Arabia to the back seat. In the week ending November, the U.S. crude production hit a whopping 11.6 million bpd, according to Energy Information Administration (EIA) data released on Wednesday. That’s a threefold increase from the...... more

Roberta Annan to launch €100m new investment fund for Africa at 2018 Paris Peace Forum in partnership with UN ITC & EU

Roberta Annan to launch €100m new investment fund for Africa at 2018 Paris Peace Forum in partnership with UN ITC & EU On November 12th 2018, the Ethical Fashion Initiative alongside African Fashion Fund and the European Commission (EC) will launch a ‘one hundred million euro fund’ (100million) the Impact Fund For Africa (IFFA) a new investment fund supporting African creative working in the fashion and lifestyle industries. Launching in Paris during the...... more

Bombardier, Mitsubishi in legal battle over trade secrets

Bombardier, Mitsubishi in legal battle over trade secrets Canadian airplane maker, Bombardier Inc, has sued the aircraft unit of Japan’s Mitsubishi Heavy Industries Ltd, saying former Bombardier employees passed on trade secrets to help Mitsubishi’s oft-delayed regional -Jet project. Bombardier filed the lawsuit late weekend in a federal court in Seattle against Mitsubishi Aircraft Corporation, Seattle-based Aerospace Testing Engineering...... more

Transcorp Hilton Abuja wins big at Global Travel and Hospitality Awards

Transcorp Hilton Abuja wins big at Global Travel and Hospitality Awards It was a night of double honours for Transcorp Hilton Abuja as the 5-star hotel was announced the winner of prestigious industry awards at simultaneous gala ceremonies on 2 continents. For the 3rd consecutive year, the hotel was presented with SIGNUM VIRTUTIS, the seal of excellence, as the winner of the...... more

Denmark to propose banning sale of new petrol, diesel cars from 2030

Denmark to propose banning sale of new petrol, diesel cars from 2030 Denmark will propose banning the sale of new petrol and diesel cars from 2030, a spokesman from the Danish energy and climate ministry told Reuters on Tuesday. The proposal formally be will be made by the government later on Tuesday and has to be passed in parliament to become law, the...... more

Thales: Data breaches at US financial services businesses on the rise

Thales: Data breaches at US financial services businesses on the rise Thales, a leader in critical information systems, cybersecurity and data security, has released a report noting that 42 percent of US financial services organisations have experienced a security breach in the past. According to its 2017 Data Threat Report, Financial Services Edition, which was issued in conjunction with 451 Research, the...... more

MTN Scandal: CBN defends sanctions on indicted banks, reassures foreign investors

MTN Scandal: CBN defends sanctions on indicted banks, reassures foreign investors The Central Bank of Nigeria (CBN) on Wednesday defended the sanctions it recently imposed on four deposit money banks (DMBs) in connection with illegal fund transfers by MTN Nigeria. “We wish to restate that the CBN will continue to welcome foreign investments and investors. Indeed, some of our recent innovations and...... more

BREAKING: FG suspends floating of national carrier, Nigeria Air

BREAKING: FG suspends floating of national carrier, Nigeria Air The Federal Government has suspended the proposed new National Carrier, Nigerian Air. The Minister of State for Aviation, Hadi Serika, made the announcement through his Twitter handle. “I regret to announce that the Federal Executive Council has taken the tough decision to suspend the National Carrier Project in the interim. “All commitments...... more

African multi-millionaires hit 7,100

African multi-millionaires hit 7,100 There are 7,100 multi-millionaires living in Africa, each with net assets of $10 million or more. There are over 320 centi-millionaires, each with net assets of $100 million or more; and 24 billionaires each with net assets of $1 billion or more. AfrAsia Bank Wealth Report 2018, says that total private...... more

Google offers self-destructing email

Google offers self-destructing email Google has rolled out a new feature available to everyone who can have sensitive emails destroy themselves as preset if Confidential Mode is enabled in Gmail.   The updated feature, which Google announced earlier this year, has become available to all its Gmail users, including both web-based or mobile phone customers,...... more

Recent financial services cyber attacks underscore need for protection with next generation DDoS services

Recent financial services cyber attacks underscore need for protection with next generation DDoS services The news that three Dutch banks as well as the Dutch Taxation Authority were hit earlier this year by targeted distributed denial of services (DDoS) attackshttps://securityaffairs.co/wordpress/68428/hacking/dutch-banks-ddos.html holds grave cybersecurity warnings for African businesses of all sizes.   This is according to Bryan Hamman, territory manager for sub-Saharan Africa at NETSCOUT Arbor, which...... more

‘Bitcoin Jesus’ is having a hard time winning over true believers

 ‘Bitcoin Jesus’ is having a hard time winning over true believers Roger Ver, the virtual currency advocate often referred to as Bitcoin Jesus, is finding it tough to win converts to the supposed second coming of the world’s biggest cryptocurrency.The offshoot of the digital coin, known as Bitcoin Cash, is barely being used in commerce, according to blockchain analytics firm Chainalysis. A...... more

Nigeria controls 70 per cent of cargo traffic of West and Central Africa — Ports Council

Nigeria controls 70 per cent of cargo traffic of West and Central Africa — Ports Council The Chairman, Nigerian Ports Consultative Council (NPCC), Chief Kunle Folarin, says Nigeria controls 70 per cent of cargo traffic of West and Central Africa. Folarin made this known on Friday in Lagos during the 3rd Annual Maritime Conference in honour of Dr Taiwo Afolabi, the Chief Executive and Vice Chairman, Sifax...... more

Bank of Ghana to prosecute executives of failed banks

Bank of Ghana to prosecute executives of failed banks Ghana’s central bank plans to prosecute executives of failed local lenders suspected of dissipating depositors’ funds and insider dealing, the regulator said on Tuesday. Deputy central bank governor Elsie Awadzi told Reuters in Accra that the central bank was also considering barring culpable directors from operating in the Ghanaian financial sector....... more

Nigerian lady takes America’s fashion scene by storm

Nigerian lady takes America’s fashion scene by storm Nuciano is a Seattle, USA-based luxury handbag label that offers today’s modern woman a freedom of expression of her taste in uncompromised high quality and luxury handbags without the usual exorbitant price tags. A brainchild of Mrs. Joy Egbejimba; Nuciano which is derived from the word “Nnukachiano” resonates the freedom for...... more

GTBank releases Reports Profit Before Tax of N109.6bn for H1 2018

GTBank releases Reports Profit Before Tax of N109.6bn for H1 2018 Guaranty Trust Bank plc has released its audited financial results for the period ended June 30, 2018 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the bank’s position as one of the most profitable and well managed financial institutions...... more

MTN cuts interim dividend by nearly a third as it tackles debt mountain

MTN cuts interim dividend by nearly a third as it tackles debt mountain MTN’s reduced dividend policy translated into a 30% cut in the payout shareholders will receive for the first half of its financial year. MTN declared a R1.75 interim dividend on Wednesday morning, down from R2.50 for the first half of its 2017 financial year. The statement indicated the final dividend will...... more

Yamaha Motor posts strong growth in net sales of major product categories, increased Q2 earnings

Yamaha Motor posts strong growth in net sales of major product categories, increased Q2 earnings Yamaha Motor Co., Ltd. announced today that in the first half of its fiscal year ending December 31, 2018, consolidated net sales of 851.3 billion yen were up 2.8% from the previous year. The company achieved all-time highs in operating income of 82.2 billion yen (up 0.1%), however, saw a 5%...... more

FBNQuest highlights investment opportunities available to Nigerians in Diaspora •Sponsors Conference in London

FBNQuest highlights investment opportunities available to Nigerians in Diaspora •Sponsors Conference in London FBNQuest Asset Management, a part of the FBN Holdings Plc group, has called on Nigerians in Diaspora to take advantage of the numerous investment opportunities available in Nigeria. This call was made at the just concluded Nigerians in Diaspora (NIDOA) Global Development Conference in London. The conference presented a rare opportunity...... more

WeWork announces $500m Series B investment in WeWork China

WeWork announces $500m Series B investment in WeWork China WeWork Companies (“WeWork”) has announced a $500 million Series B investment in WeWork China led by Trustbridge Partners (“Trustbridge”), Temasek, the SoftBank Group (“SoftBank”), the SoftBank Vision Fund (“Vision Fund”) and Hony Capital. This funding will accelerate WeWork’s growth in China, allowing the company to serve more entrepreneurs, creators, and enterprises...... more

Experts warn of dangers of excluding host communities from petroleum sector reform framework

Experts warn of dangers of excluding host communities from petroleum sector reform framework Petroleum industry experts have warned of the dangers of excluding host communities from petroleum sector reform framework. They issued the warning during a recent forum for informing Petroleum Host and Impacted Communities on the content of the Petroleum Host and Impacted Communities Bill (PHICB). The forum was organised by Emerald Energy...... more

Seafarers in stormy waters

Seafarers in stormy waters Indications are clear that all is not well with Nigerian Seafarers. They are worried by low employment opportunities after their specialised training at the 40-year-old Maritime Academy of Nigeria, Oron, Akwa Ibom State. If that is tolerable given the unflattering performance of the economy, what irks them most is that even...... more

Allianz: Shipping losses continue to fall but new cyber and climate risks and perennial human error problem threaten safety progress

Allianz: Shipping losses continue to fall but new cyber and climate risks and perennial human error problem threaten safety progress Large shipping losses have declined by more than a third (38%) over the past decade, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2018, with this downward trend continuing in 2017. Yet recent events such as the collision of the oil tanker “Sanchi” and the impact...... more

 

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