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Latest News Controversy as BBNaija’s Tacha snubs Tuface AMAA 2019 nominees at a glance 10-year-old enters shop through ceiling to steal N100k Mother kills 3-day-old step-son with insecticide Presidency: Atiku breaks silence on tribunal judgement Troops eliminate seven top commanders of Boko Haram/ISWAP terrorists Nigeria’s TOP 10 Songs Police stall trial of kidnap kingpin Evans 44-year old man slaughters three in-laws in Edo Gbajabiamila blasts service chiefs for shunning security meeting, to report to Buhari Wahala dey! Rape saga: Fatoyinbo demands N50m from Busola Dakolo

 

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UBA now available on Apple Business Chat

UBA now available on Apple Business Chat The United Bank for Africa (UBA) Plc, on Thursday, announced that the services of its chatbot, Leo, is now available for customers on Apple Business Chat, where its users can communicate directly with businesses using the Messages app on iPhone and iPad. “As a brand focused on providing excellent customer experience,...... more

Huawei debuts phone without Google apps

Huawei debuts phone without Google apps Huawei launched a new flagship smartphone on Thursday but it comes without popular Google apps such as Chrome or YouTube after U.S. sanctions kicked in, limiting its appeal to consumers. The Chinese tech giant’s Mate 30 phone series, including one for new 5G networks, runs on an open source version of...... more

Saudi Arabia begs Iraq for crude after attack

Saudi Arabia begs Iraq for crude after attack Riyadh on Thursday asked Iraq’s national oil marketing company for 20 million barrels of crude to supply the country’s stocks after an attack on Saudi Aramco facilities. The Wall Street Journal reported citing two sources familiar with the matter. According to the journal, Saudi Aramco declined to comment, while Ali Nazar...... more

Oil prices spike after Saudi attack disrupts global supply

Oil prices spike after Saudi attack disrupts global supply As oil prices surged Sunday, President Donald Trump said he had authorised the use of oil from the country’s emergency reserve after Saturday’s attack on Saudi Arabian oil facilities disrupted the global supply of crude. Trump, in a series of tweets, said that he had ordered that oil from the Strategic...... more

CBN pumps $210 million into Forex Market

CBN pumps $210 million into Forex Market The interbank segment of the Foreign Exchange Market has received another boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded on Tuesday, September 10, 2019. Figures obtained from the CBN indicated that authorised dealers in the wholesale segment of the market were offered the sum of...... more

IMF removes age limit for MD position

IMF removes age limit for MD position The International Monetary Fund (IMF) has approved the removal of the age limit for the position of its managing director, paving the way for Kristalina Georgieva to head the multilateral lender. Since 1951, the IMF’s bylaws had prohibited the appointment of a candidate aged 65 or over as managing director. It...... more

Konga under pressure to extend Back-to-School promo

Konga under pressure to extend Back-to-School promo The 2019 edition of Konga Back-to-School, the very successful and widely anticipated annual promotion by e-Commerce giant, ends tomorrow, Friday, September 6, 2019. The promotion has seen thousands of parents, students, knowledge workers and institutions take advantage of the exciting deals on offer. However, a number of shoppers have called on...... more

FMBN to Nigerians: Come and access mortgage to own homes

FMBN to Nigerians: Come and access mortgage to own homes The Federal Mortgage Bank of Nigeria (FMBN), Federal Capital Territory (FCT) branch, has called on Nigerians to access their mortgage products through National Housing Fund (NHF) scheme.Mrs Felicia Aningo, FMBN FCT Coordinator, made the disclosure during an awareness campaign in Abuja on Wednesday.The News Agency of Nigeria (NAN) reports that the...... more

US court rejects Exxon, Shell’s bid to revive $1.8bn Nigerian arbitration award

A U.S. judge on Wednesday rejected Exxon Mobil Corp’s and Royal Dutch Shell Plc’s effort to revive a $1.8 billion arbitration award against Nigeria’s state-run oil company, which stemmed from a dispute over a 1993 contract to extract oil near the African country’s coastline. U.S. District Judge William Pauley in Manhattan...... more

MTN closes shops throughout Nigeria

MTN closes shops throughout Nigeria South Africa owned telecommunications giant, MTN has announced the closure of all its shops in Nigeria. This may not be unconnected with the threat by some Nigerians to reciprocate the Xenophobic attacks on Nigerians in South Africa. The News Agency of Nigeria (NAN) reports that there had been series of attacks...... more

Nigerian Government boycotts World Economic Forum in South Africa

Nigerian Government boycotts World Economic Forum in South Africa The Nigerian Government has pulled out of the ongoing World Economic Forum in Cape Town, South Africa. This was disclosed by Personal Assistant to the President on new media, Mr Bashir Ahmad.  The government pulled out over the fresh xenophobic attacks in the country. Mr Bashir Ahmad in his tweet on Wednesday...... more

Fidelity Bank posts double-digit half-year earnings, profitability growth

Fidelity Bank posts double-digit half-year earnings, profitability growth  Despite the country’s challenging and fiercely competitive business environment, Fidelity Bank Plc delivered a solid financial performance in the first half of 2019, recording double-digit growth in key revenue lines whilst achieving significant traction in digital banking uptake. Details of the audited half-year result for the period ended June 30, 2019,...... more

U.S. company partners CBN, farmers to export cassava to Europe, America

U.S. company partners CBN, farmers to export cassava to Europe, America Shine Bridge Global (SBG) a U.S.-based company, says it is determined to partner with Nigerian agribusinesses and regulatory agencies to improve cassava production and processing in Nigeria. The company which disclosed that it was partnering with the Central Bank of Nigeria (CBN) and other agencies, said that the aim is to...... more

SA watchdog cracks down on Ponzi firms

SA watchdog cracks down on Ponzi firms Investors hoping to coin it with promises of returns of as much as 200% on their investment in just three years, are learning the hard way that if it sounds way too good to be true, it is just that. The latest company “showing hallmarks of a Ponzi scheme” is Coin...... more

Twitter CEO Jack Dorsey’s account hacked

Twitter CEO Jack Dorsey’s account hacked Twitter said on Friday the account of chief executive Jack Dorsey had been “compromised” after a series of erratic and offensive messages were posted. The tweets containing racial slurs and suggestions about a bomb showed up around 2000 GMT on the @jack account of the founder of the short messaging service...... more

AfDB sets aside $25bn for Agriculture in Africa

AfDB sets aside $25bn for Agriculture in Africa The African Development Bank (AfDB), says it is currently investing 25 billion dollars to help make agriculture and agribusiness Africa’s biggest industry. The statement by the bank’s Communication and External Relations Department on Thursday, said the AfDB’s president, Dr. Akinwumi Adesina made the disclosure at the ongoing Tokyo International Conference of...... more

China invests $16 billion in Nigeria’s oil sector

China invests $16 billion in Nigeria’s oil sector Chinese investment in Nigeria’s oil and gas industry has reached $16 billion, according to Nigeria’s state-run oil company. While Nigeria’s oil industry welcomes China’s interest, analysts worry about a lack of transparency in the sector and slow development of the country’s renewable energy market. When a top official with China’s third-largest...... more

Ex-Google Engineer charged with theft of autonomous car secrets

Ex-Google Engineer charged with theft of autonomous car secrets A former Google engineer was hit with criminal charges Tuesday alleging he stole trade secrets from the technology giant’s self-driving car project before he went to work at Uber.  If convicted on the charges, Anthony Levandowski faces up to 10 years in prison and a penalty of $250,000 per violation, according...... more

CBN alerts on fraudulent loan offers, warns public to beware

CBN alerts on fraudulent loan offers, warns public to beware The Central Bank of Nigeria (CBN) today, Monday, August 26, 2019, warned of fraudulent messages in the social media circles requesting unsuspecting loan seekers and owners of small-scale businesses to apply for loans provided by the Federal Government through an e-mail address (empowermentcbnloan@gmail.com) purportedly being handled by the apex Bank. CBN...... more

Shell, SAP offer free ICT training to graduates

Shell, SAP offer free ICT training to graduates Ten Nigerian graduates of business and information technology disciplines have completed a one-year specialised digital training and certification in financial accounting and project management while another set of 10 beneficiaries have commenced their training cycle in the programme sponsored by Shell Nigeria Exploration and Production Company (SNEPCo) in collaboration with SAP...... more

Konga assures genuine products, slashes rates and unveils credit facilities as Back-to-School promo starts today

Konga assures genuine products,  slashes rates and unveils credit facilities as Back-to-School promo starts today E-Commerce giant, Konga has flagged off the biggest annual Back-to-School promotion online @ Konga.com and offline in every Konga store nationwide. This year’s edition of the annual nationwide promotion kicks off from today, Monday, August 26, till Friday, September 6, 2019. Shoppers are also guaranteed immediate delivery nationwide. Parents, guardians, students,...... more

Trump raises China tariffs as trade war escalates

Trump raises China tariffs as trade war escalates U.S. President Donald Trump said Friday that he will boost tariffs on $550 billion worth of Chinese imports in the latest escalation of the trade war between Washington and Beijing. The move follows China's announcement earlier in the day that it would impose tariffs of 5% or 10% on $75 billion...... more

Jumia’s house of fraud

Jumia’s house of fraud  E-commerce company Jumia has come under some heavy weather in recent times. The company recently admitted fraud in its sales practices. Jumia said it found cases where improper orders were placed and subsequently cancelled. These included deals made through its team of sales consultants called J-Force. However, an expatriate staff of...... more

Oil discovered in South Sudan

Oil discovered in South Sudan South Sudan has made a small oil discovery in Northern Upper Nile State, its first since independence in 2011 when exploration was interrupted by war and instability, the oil minister said on Thursday. The new field in the Adar area of the state contains 5.3 million barrels of recoverable oil and...... more

Konga unveils huge discounts for Back-to-School campaign

Konga unveils huge discounts for Back-to-School campaign Foremost e-Commerce giant, Konga has unveiled massive discounts and sweet deals for its annual Back-to-School campaign. The Konga Back-to-School promotion this year runs from Monday, August 26 till Friday, September 6, 2019 online @ Konga.com and in every Konga retail store nationwide. On offer is a wide variety of products across...... more

US researchers work on buildings that sense danger and react to save the occupants

US researchers work on buildings that sense danger and react to save the occupants As back to back mass shootings in the U.S. prompt more difficult debates on gun laws, researchers at University of Southern California (USC) are working on a different, perhaps less controversial method of keeping people inside buildings safe and deterring people who want to commit acts of mass violence.  Design and...... more

CBN vows to defend reserves in wake of UK $9bn court ruling

CBN vows to defend reserves in wake of UK $9bn court ruling Nigeria’s central bank will strive to protect the country’s currency reserves after a British court ruling granted a small natural gas firm the right to try to seize $9 billion in assets from Nigeria’s government, the bank’s head said on Monday. Such a sum would be one of the largest financial...... more

GTBank releases 2019 Half Year Audited Results, reports Profit before Tax of N115.8bn

GTBank releases 2019 Half Year Audited Results, reports Profit before Tax of N115.8bn Guaranty Trust Bank (GTBank) plc has released its audited financial results for the half year ended June 30, 2019 to the Nigerian and London Stock Exchanges. The half year result shows positive growth across key financial metrics and reflects GTBank’s leading position as one of the best managed financial institutions in...... more

Recession fears prompt many to rethink global economic integration

Recession fears prompt many to rethink global economic integration Fears of a global recession mounted this week, as a host of factors combined to send investors retreating to the safest havens they could find and forced policymakers to make plans to counteract a possible global economic slowdown. The issues giving everyone pause are numerous and are largely interconnected. Looming over...... more

Shell wins Best Exhibitor Award, others at 2019 SPE conference

Shell wins Best Exhibitor Award, others at 2019 SPE conference Shell Companies in Nigeria have won the most coveted Best Exhibitor and eight other awards at the 2019 Nigeria annual international conference and exhibition of the Society of Petroleum Engineers (SPE) held in Lagos on August 5 -7, coming barely a month after winning the Excellence Award, the highest industry recognition...... more

 

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