Created by notorious tech entrepreneur John McAfee, the Brownlist aims to find solutions for people treated badly by organisations. Mr McAfee said the site was a way to channel impotent anger into something more positive. Ultimately, he said, the site could spur direct action against arrogant firms to make them change their ways.
Updated 6 Years ago

Microsoft researchers have found a way to stabilise films and speed them up to make them more watchable. To fix the images, the software analyses footage and creates new frames to smooth out camera jumps. The team is currently working on ways to turn the research into a Windows application.
Updated 6 Years ago

The legal proceedings could become one of Australia's biggest ever class actions, including hundreds of thousands of customers. The banks involved are ANZ, Westpac, St George, Citibank and BankSA. When contacted, both ANZ and Westpac declined to comment on the matter.
Updated 6 Years ago

Juice maker Cutrale and conglomerate Safra have offered $13 a share, a 29% premium to Chiquita's closing share price on Friday. Chiquita shares jumped 31% in New York after the bid was announced. The offer rivals the proposed merger between Chiquita and Irish fruit firm Fyffes, announced in March. Shares in Fyffes fell 15% in London.
Updated 6 Years ago

After the storm over the new registration modalities introduced by the Central Bank of Nigeria for participation in the foreign exchange activities last month, President, Association of Bureau de Change Operators in Nigeria, Aminu Gwadabe, said 2,500 operators were registered, saying however that negotiation with the apex bank is ongoing on the possibility of a review of some of the provisions of the new policy, reports Festus Akanbi As the Central Bank of Nigeria (CBN) ruled out any soft landing for any bureau de change operator that failed to meet its July 31 deadline on new registration exercise, there are indications that only 2,500 BDCs were able to scale through.
Updated 6 Years ago

In this interview with James Emejo, Managing Director/Chief Executive, Federal Mortgage Bank of Nigeria (FMBN), Mr. Gimba Ya’u Kumo, discusses his ambition to boost the mortgage sector contribution to the country’s Gross Domestic Product (GDP) to about 15 per cent from the current less than one per cent, before he leaves office. He also appealed to Nigerians to imbibe a mortgage culture as the market has grown over the years to accommodate anyone in need of decent and affordable housing What are the statutory functions of the Federal Mortgage Bank of Nigeria?
Updated 6 Years ago

Stanbic IBTC Asset Management Limited, a subsidiary of Stanbic IBTC Holdings plc, has unveiled an initiative to educate and empower Nigerians by launching a multi-media nationwide investor education campaign to improve penetration and awareness of mutual funds. The company said the initiative, which goes nationwide from August 11, 2014, is specifically aimed at publicising the unique benefits of mutual funds, while demystifying the erroneous impression that investment of this nature is reserved only for the wealthy.
Updated 6 Years ago

Etisalat Nigeria has announced the sale of 2,136 of its towers to IHS Holding Limited (“IHS”) as part of a broader strategy to drive improvements in the quality of its network performance and to accelerate roll out of 2G and 3G coverage and new services to its customers. The transaction, the first by a major GSM operator in Nigeria, is expected to close later this year.
Updated 6 Years ago

Ace industrialist, Dr. Micheal Odunayo Ajayi, has swelled the ranks of entrepreneurial monarchs in the country, particularly from Yoruba descent. Ajayi, the new Elerinmo of Erinmo-Ijesha, Osun state, is emulating the feat already achieved by successful entrepreneurs occupying traditional stools, like the Ooni of Ife, Oba Okunade Sijuwaje; the Alake of Egba, Oba Adedotun Gbadebo; the Olugbo of Ugbo, Oba Obateru Akinruntan; and a few others.
Updated 6 Years ago

Funke Olaode writes on her recent experience in Lusaka, Zambia where the Graca Machel Trust hosted the first Women in Media Roundtable It is not often that African men accord women their right of place when it comes to intellectual fare. However, one of the African women who has been leading an enduring crusade to get African men to think differently is Mrs. Graca Machel, wife of former South African President, Dr. Nelson Mandela. She has developed a multi-pronged approach to this crusade. She is a founding member of the African Women’s Foresight, a platform for advocacy for African women and children. For Machel, empowerment for African women is not only a developmental issue, but an economic issue. Convinced that more can be done in this direction, she established Multiplying Faces Amplifying Voices which she said is committed to the empowerment of African women across sectors such as finance, agriculture, media and science.
Updated 6 Years ago