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Latest News Leah Sharibu, Dapchi Five and ransom scam, By Ann Mcgregor, PhD Another showdown at APC convention as delegates exchange blows, throw chairs Many feared killed as gunmen invade villages in Plateau Why we did not attend APC National Convention — Kwankwaso Group accuses Bayelsa APC of recruiting cultists for elections ISIS Threat: FG beefs up security, deploys AIG to Lagos airport FG to begin Voluntary Asset Repatriation Scheme as VAIDS expires Surveyors offer to help FG fight insurgency, herdsmen/farmers clash SERAP wins battle to compel Adamu, Ogbeh to account for spending on water US government reunites 522 children removed under 'zero tolerance' NLNG to boost domestic LPG supply with new vessel NEITI urges review of Oil Producing Agreements

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (353,077 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (353,014 views) Shameless Genevieve Nnaji exposes breasts in public (281,011 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (230,618 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (209,451 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (209,434 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (182,266 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (164,458 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (154,146 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (149,052 views) Lagos plane crash: Journalist releases victims’ names (144,227 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,937 views)

 

Disruptive African scale-ups looking to raise between $250k and $5m invited to Investor Summit

Disruptive African scale-ups looking to raise between $250k and $5m invited to Investor Summit VC4A is calling for disruptive African scale-ups looking to raise between $250K and $5M. An exclusive Series A Venture Showcase will take place in Cape Town on November 12, 2018, as part of the annual Africa Early Stage Investor Summit. The 2017 event showcased 20 scale-ups as part of the Africa...... more

As Western lenders retreat, African banks see an opportunity

As Western lenders retreat, African banks see an opportunity ADE AYEYEMI’S office in Lomé, the capital of Togo, is a good place to think about crossing borders. Ghana is ten minutes’ drive away. From his window the boss of Ecobank can watch trucks rumble along the seafront, some bound for Burkina Faso, a day’s journey, or Mali, perhaps another day...... more

Audi CEO arrested in Germany over diesel scandal

 Audi CEO arrested in Germany over diesel scandal Volkswagen (VOWG_p.DE) was holding crisis talks on Monday to find a stand-in boss for its Audi brand, a source familiar with the discussions said, after German authorities arrested Audi CEO Rupert Stadler as part of a probe into emissions test cheating. Stadler is the most senior company official to be detained...... more

Scramble for African startups by venture capitalists: Yay or Nay? asks Damilola Faustino

Scramble for African startups by venture capitalists: Yay or Nay? asks Damilola Faustino Like the scramble for Africa that saw European powers invading, occupying and colonizing African territories without their consent, venture capitalists seem to be re-enacting the same scenario today as they scramble for viable and scalable African startups to invest, acquire or fund.   Nearly, every month, Innovation-village reports that a venture capitalist with endless...... more

Cricket star Virat Kohli named Remit2India Brand Ambassador

Cricket star Virat Kohli named Remit2India Brand Ambassador Remit2India, the Indian diaspora-focused global online remittance portal, on Thursday announced signing up the Indian cricket captain Virat Kohli as its Global Brand Ambassador for three years. Virat will endorse the Remit2India brand by being part of its innovative marketing and customer experience initiatives. Remit2India is one of the financial services...... more

DMS appointed as Advertising Sales Representatives for Snapchat in Egypt, Kuwait

DMS appointed as Advertising Sales Representatives for Snapchat in Egypt, Kuwait The official digital arm of Choueiri Group DMS has announced that it will act as a sales representative for Snapchat advertising formats in Kuwait and Egypt. Launched in 2011, Snapchat has grown to become one of the topmost and fastest growing platforms, with over 191m daily active users. It has also...... more

Energy professionals, stakeholders brainstorm in Abuja •Proffer solutions to challenges militating against the Nigerian energy sector

Energy professionals, stakeholders brainstorm in Abuja •Proffer solutions to challenges militating against the Nigerian energy sector The emerging global energy landscape has implications on emerging energy economies because of changes in technology, economics and public policy. These changes have turned major energy importers to exporters (e.g. the US); unconventional energy sources becoming conventional and made renewable energy components of the global energy supply mix, significant. These changes...... more

Outrage as US hits EU, Mexico and Canada with steel, aluminium tariffs •EU plots revenge

Outrage as US hits EU, Mexico and Canada with steel, aluminium tariffs •EU plots revenge The United States has said it was moving ahead with tariffs on aluminium and steel imports from Canada, Mexico and the European Union, ending a two-month exemption and potentially setting the stage for a trade war with some of the country’s top allies. Commerce Secretary Wilbur Ross told reporters on a...... more

Democracy Day: No better time to KONGA ME

Democracy Day: No better time to KONGA ME As Nigeria marks 19 years of democracy today after the return to civilian rule, opinion is divided on how well the country has harnessed the dividends of democratic governance. While a school of thought holds that the dark days of military dictatorship and autocratic rule, which the return to democracy in...... more

KONGA ME: A new universal language

KONGA ME: A new universal language If there is one thing Nigerians are united on, it is the preference for quality products and an abhorrence for fake, substandard ones. Despite a keen desire to extract the utmost value for money when making purchases, the average Nigerian will not hesitate to pay a higher price for a product...... more

Activists launch campaign to break up Facebook

Activists launch campaign to break up Facebook A coalition of activist groups on Monday announced a campaign to break up Facebook, arguing that the huge social network “has too much power over our lives and democracy.” The groups created a website, and a Facebook page, to garner support for a petition to the US Federal Trade Commission to...... more

Bonga achieves 763 million oil barrels production

 Bonga achieves 763 million oil barrels production   Shell Nigeria Exploration and Production Company (SNEPCo) delivered a total of 763 million barrels of oil from the Bonga field between first production in 2005 and 2017, while at the same expanding the field with further drilling of wells in Bonga Phases 2 and 3 and through a subsea tie-back...... more

Amazon could beat Apple to $1 trillion market cap

Amazon could beat Apple to $1 trillion market cap Apple is on the verge of becoming the first $1 trillion publicly listed U.S. company, but even if it gets there, it could soon be overtaken as Amazon.com surges from behind. Started in the garage of co-founder Steve Jobs in 1976, the iPhone maker’s annual revenue has ballooned to $229 billion,...... more

Emirates Group announces 2017-18 results

 Emirates Group announces 2017-18 results   The Emirates Group today announced its 30th consecutive year of profit and steady business expansion. Released today in its 2017-18 Annual Report, the Emirates Group posted a profit of AED 4.1 billion (US$ 1.1 billion) for the financial year ended 31 March 2018, up 67% from last year. The Group’s...... more

Apple’s iPhone sales plummet

Apple’s iPhone sales plummet U.S. technology giant Apple saw its iPhone sales fall short of expectations in the rnings report released Tuesday. Total sales of iPhone models during the January-March period dropped 32 percent to 52.2 million units from 77.3 million units in the October-December period last year. Apple introduced the iPhone 8 and iPhone...... more

Apple faces Wall Street ‘panic’ over iPhone

Apple faces Wall Street ‘panic’ over iPhone Even a $100 billion giveaway to shareholders may not be enough for Apple to calm Wall Street. Apple (AAPL) is expected to announce plans to return between $100 billion and $150 billion to shareholders when it reports earnings results Tuesday for the first three months of 2018, according to analysts. The potential share...... more

Nigerian pirates release 3 kidnapped South Korean sailors after a month in custody

Nigerian pirates release 3 kidnapped South Korean sailors after a month in custody Three South Korean sailors kidnapped by Nigerian pirates in seas off Ghana last month have been released safely, the Ministry of Foreign Affairs said Saturday. “Our three abducted nationals were freed on April 27 (local time) and were handed to our side,” the ministry said. “They are in our protection in...... more

Shell profits jump as oil prices soar

Shell profits jump as oil prices soar  Royal Dutch Shell on Thursday reported a 42 percent rise in first-quarter profit, its highest in over three years, boosted by higher oil prices and production. Expectations are high for Shell to continue to generate strong profits and cash flow after the Anglo-Dutch company beat larger rival Exxon Mobil on both...... more

Eni executive involved in Nigeria, Congo corruption probes takes leave of absence

Eni executive involved in Nigeria, Congo corruption probes takes leave of absence Eni executive Roberto Casula has taken a leave of absence from the Italian oil major, a company spokesman said on Wednesday without giving any reason for the decision. “As covered by general contractual terms, Mr Casula has asked the company for a period of temporary leave of absence,” the spokesman said...... more

Cryptocurrency craze leads to new DDoS tactics

Cryptocurrency craze leads to new DDoS tactics As the world of cryptocurrencies continues to grow exponentially, Distributed Denial of Service (DDoS) attackers have a new set of targets, namely the exchanges that power cryptocurrency trades, as well as the computer systems used to ‘mine’ cryptocurrencies. This is according to Bryan Hamman, Arbor Network’s territory manager for Sub-Saharan Africa,...... more

Trump’s revenge: U.S. oil floods Europe, hurting OPEC and Russia

 Trump’s revenge: U.S. oil floods Europe, hurting OPEC and Russia   As OPEC’s efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits - and flooding Europe with a record amount of crude.  Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd),...... more

Iran bans bitcoin, cryptocurrencies

Iran bans bitcoin, cryptocurrencies  Iran banned the use of bitcoin and other cryptocurrencies by banks and financial institutions on Monday amid ongoing debate over how best to regulate the technology. “The use of bitcoin and other cryptocurrencies in all the country’s monetary and financial centres was banned,” the central bank said in a statement overnight....... more

MTN set for Nigerian Stock Exchange; appoints lead managers, investment firms for IPO

MTN set for Nigerian Stock Exchange; appoints lead managers, investment firms for IPO South African telecoms firm MTN has appointed Nigerian investment firm Chapel Hill Denham as lead manager for the initial public offering of its Nigerian business in Lagos later this year, two sources told Reuters on Friday. South Africa’s Rand Merchant Bank, Renaissance Capital and Vetiva Capital were picked as joint issuers....... more

Court stops sale of 9mobile

Court stops sale of 9mobile The Abuja division of the Federal High Court has halted the planned sale of embattled telecommunication firm, Etisalat (now 9mobile) following opposition to the move by some aggrieved shareholders. The shareholders – Afdin Ventures Limited and Dirbia Nigeria Limited – who claimed to be major investors, complained of being left out...... more

South Africa eyes $100bn worth of investment, appoints special investment envoys

 South Africa eyes $100bn worth of investment, appoints special investment envoys   President Cyril Ramaphosa is hoping a revitalised relationship between business and the government would enable SA to raise $100bn worth of investment over five years.  On Monday he announced the appointment of special investment envoys to work at convincing investors of SA’s potential.  They are former finance minister Trevor Manuel,...... more

Konga, Yudala formalise merger, set to rule e-commerce

Konga, Yudala formalise merger, set to rule e-commerce Konga, Nigeria's largest online mall and Yudala, Africa’s pioneer composite e-commerce company have officially announced a merger of their operations which will see them effectively become the biggest organised retail and e-commerce/marketplace outfit on the African continent. The business merger, which takes effect from Tuesday May 1st 2018, will see both...... more

Mud which could change the global economy discovered on Japanese island

Mud which could change the global economy discovered on Japanese island  A small island in the Pacific Ocean is the site of a huge discovery that could change Japan’s economic future. How huge? One economist called it a “game changer”. The researchers who helped find it said it had “tremendous potential”. It’s mud. A whole bunch of mud – an estimated 16...... more

Globacom, Chief Marketing Officer charged with $6.7m fraud

Globacom, Chief Marketing Officer charged with $6.7m fraud  The telecommunications giant — Globacom Ltd and its Chief Marketing Officer, Ashok Israni — were on Monday hauled up before an Ikeja Special Offences Court over alleged 6.7 million dollars fraud (N2.41 billion). The Economic and Financial Crimes Commission (EFCC) had slammed a 6.7 million dollars fraud charge on Globacom and...... more

Abuja Chamber, Confederation of Indian Industry sign MOU to promote trading activities

 Abuja Chamber, Confederation of Indian Industry sign MOU to promote trading activities   The Abuja Chamber of Commerce and Industry (ACCI) and Confederation of Indian Industry (CII) have signed a Memorandum of Understanding (MOU) to reposition their export and other trade relations activities.  While ACCI is working as a voice of the private sector, engaging itself in the promotion of trade and industry,...... more

More strategic investment in Africa’s ports can accelerate growth and development by strengthening trade: PwC report

 More strategic investment in Africa’s ports can accelerate growth and development by strengthening trade: PwC report   Africa needs to take advantage of the economic potential of its ports and shipping sector if it is to realise its growth ambitions. Globally, ports are gateways for 80% of merchandise trade by volume and 70% by value. Investment in ports and their related transport infrastructure to advance trade and...... more

 

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