The US Federal Bureau of Investigation (FBI) closed down the original online illegal drug market, Silk Road, in 2013. But new figures suggest the trade has actually increased since then. And other research indicates one in four British drug users has accessed hidden websites. 'Big problem'
Updated 6 Years ago

Of all the African fabrics, Kente is arguably the best known. Popularly known as the icon of African heritage around the globe, Kente can be defined by its bold designs, bright colours, multi-coloured patterns and dazzling shapes. Made from African silk, Kente comes from the Ashanti (Akan) word (Kenten), which means basket, because it features a woven look as that of a woven basket and is also inspired by a spider’s web. Kente dates back to 375 years ago in the Ashanti Kingdom of Ghana, where it was worn only by the kings, queens and chiefs. The royals would notably wear their bright coloured Kente cloth to festivals and other important engagements. Over time, Kente found its way among the Ivorians and many other West African countries.
Updated 6 Years ago

Style meets activism? It is fashion like you have never seen before at the 2014 AIDS conference in Melbourne Australia, as Brazilian designer Adriana Bertini showcases a few pieces from original designs inspired and made entirely from condoms. No, that was not a typo, the dresses and necklaces were made from dyed latex/rubber, the one scientists and medical practitioners call the surest way (apart from abstinence of course) to prevent unwanted pregnancy and Sexually Transmitted Infections (STIs) like HIV – the virus that causes AIDS.
Updated 6 Years ago

Union Bank is in a slow start to 2014, as half year profits slid 34.08 percent as the Nigerian lender continues to grapple with increased regulatory induced costs combined with hike in cash reserve requirements by the Central Bank of Nigeria (CBN). It has been tough for bankers since last year as the CBN refused to relax the tightening stance, and also the scrapping of income streams further exacerbated their position.
Updated 6 Years ago

Kouros Capital Group Limited (KCG) has announced that it is making immediate arrangements to bring into Nigeria substantial investment funding for projects in telecommunications, agriculture, banking, oil and gas, and aviation sectors. Led by its chairman, Kouros Jahangiripoor and its executive director, Amir H. Amiri, the KCG management team expressed its strong support for closer Iran-Nigeria industry cooperation and development of more trade between the two countries.
Updated 6 Years ago

Cadbury Nigeria plc, a company in the Fast Moving Consumable Goods sector, recorded a 50 percent profit drop in half year 2014, as top-line performance dwindled. For the first six months of the year, the company’s revenue fell by 12 percent to N15.25 billion from N17.43 billion in the same period of the corresponding year (HY) 2013.
Updated 6 Years ago

The Chief Executive Officer, Nigerian Stock Exchange, Mr. Oscar Onyema, has said the Exchange will continue to work towards improving investor confidence and ensuring that they are fully protected. According to him, while the Nigerian capital market shows signs of improved investor confidence, the job of the Exchange is not done yet.
Updated 6 Years ago

Equities rose on Wednesday, the first trading day of the week following the public holiday, to lift major market indices. For instance, the market capitalisation of the listed equities rose by N28bn or 0.2 per cent from Friday’s close of N13.962tn to close at N13.990tn.
Updated 6 Years ago

A non-governmental organisation, Transformation Ambassadors of Nigeria (TAN), has disclosed that the mandate of President Goodluck Jonathan needs to be renewed so as to enable him consolidate on and expand his modest achievements so far. A member of the orgaisation and professor of sociology, Prof. Joe Okanlawon, made this assertion while speaking with journalists in Awka yesterday. He pointed out that the President has visibly used his transformation agenda to impact positively on the people and the polity. He noted that it is therefore wise, ideal and advisable to allow him consolidate on and spread of the achievements.
Updated 6 Years ago

The Oyo State chapter of the All Progressives Congress (APC) has asked former governors of the state, Adebayo Alao-Akala and Rashidi Ladoja, to stop shedding what it termed “crocodile tears” over the recent rumoured impeachment bid of the state House of Assembly against its party-led government, saying the two governors were products of chaotic governments and cannot now pretend that theirs were governments of peace. The party made this known in a statement issued by its party chairman, Chief Akin Oke, in reaction to two separate statements credited to the two former governors last weekend.
Updated 6 Years ago