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Latest News 2019: Security Council foresees violence in Nigeria Atiku will return PDP to power — Babatope Gunmen kill APC treasurer in Ekiti Peter Obi's vice presidential nomination receives standing ovation in USA Senate panel uncovers massive fraud in NAHCON operations Osun PDP supporters protest alleged disbandment of Election Petition Tribunal Policeman, two others killed in Benue gunfight Detention by EFCC: We're taking steps to enforce Fayose’s fundamental rights — Ozekhome Bayelsa lecturer beats world’s 500 most influential experts to win science championship Reps to NYSC: Lift ban on Benue graduates Tambuwal appoints 25 commissioners Hours after students’ protest, OSCATECH staff suspend strike

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (407,419 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (382,765 views) Shameless Genevieve Nnaji exposes breasts in public (315,117 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (257,645 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (237,706 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (224,520 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (204,299 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (185,764 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (170,441 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (166,017 views) Lagos plane crash: Journalist releases victims’ names (161,649 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,419 views)

 

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

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

 

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