Following THISDAY’s special report Tuesday on the state of the country’s military capability, human rights lawyer and Senior Advocate of Nigeria (SAN), Mr. Femi Falana, has called on the federal lawmakers to conduct an audit of the defence budget within the last three years. Speaking Tuesday on the sidelines at a National Summit on Impunity in Nigeria, organised by a coalition of civil society organisations (CSOs) in Abuja, he stated that it was in the interest of the country to find out what went wrong with the budget for the military so that young men and women who are ill-equipped in the military are not slaughtered during crisis situations, like the one the nation is facing.
Updated 5 Years ago

There’s a lot more to the crowdfunding concept than just indiegogo and Kickstarter. While they are a major force in getting cool projects off the ground, there are other outlets and uses for crowdfunding that may surprise you, including platforms that enable you to act like an investor and back other entrepreneur’s projects. Under the JOBS Act (Jumpstart Our Business Startups) that was put into effect by President Barack Obama, the playing field of investing has opened up to smaller accredited investors. Think you might be interested in participating in a crowdfunded startup or maybe a commercial real estate investment through crowdfunding? Here are three ways entrepreneurs can get in on crowdfunding for investment or as a means for raising capital, not just rewards.
Updated 5 Years ago

Kaspersky Lab said it had detected a computer server in January being used to co-ordinate an attack that appeared to have snatched more than 500,000 euros ($700,000; £400,000) over the course of a single week.
Updated 5 Years ago

Being effective as an entrepreneur is often about hard work, but even more importantly it’s about smart work. Great entrepreneurs know that time is limited and valuable, so they need to make the most of each waking hour. There are many factors that contribute to working smart -- but planning and proper sleep are among the top performance increasers.
Updated 5 Years ago

JSE-listed resources firm, Exxaro, on Tuesday said it had been forced to write-down the value of its investment in the 12 million tonnes Mayoko Iron Ore Project in the Republic of Congo. This followed the conclusion of the Concept Study on Mayoko project which showed that Exxaro had not been successful in finalising the port and rail contracts for the project as was communicated to the market in March this year.
Updated 5 Years ago

Newly uncovered components of a digital surveillance tool used by more than 60 governments worldwide provide a rare glimpse at the extensive ways law enforcement and intelligence agencies use the tool to surreptitiously record and steal data from mobile phones.
Updated 5 Years ago

UK-based oil exploration firm, Tullow Oil has recorded further success in their operation in northern Kenya as it made a new find in oil and natural gas deposits, with its partner, Canada’s Africa Oil also discovering gas in a separate site. The British company’s struck oil at the Ngamia–2 well span across a 39-metre range, 1.7 kilometers from the Ngamia-1, where Kenya first found oil in 2012. Gas deposits discovered by Africa Oil however stretches across a 1,000-metre range at the Sala-1 site, although exact amount and viability of the deposit has not been ascertained.
Updated 5 Years ago

Airtel Zambia has revealed it has refunded airtime to over 28,000 subscribers after intervention of the country’s regulatory body Zambia Information and Communications Technology Authority (ZICTA). ZICTA said about 28,000 Airtel customers had erroneously marked as roaming subscribers and lost airtime amounting to $180 each.
Updated 5 Years ago

The World Pension Summit (WPS) a global body for pension professionals is set to hold its first “Africa special” summit in Abuja. World Pension Summit is the only platform ‘for and by’ Pension Professionals, exchanging knowledge and innovative ideas on how to secure sufficient pension provision.
Updated 5 Years ago

Zain Saudi, Saudi Arabia’s third biggest telecoms operator, said on Wednesday it has signed infrastructure supply contracts worth QAR4.5 billion ($1.2 billion) to develop and expand its network. The deal parties are Huawei, Nokia, NEC Corporation, Cisco Systems and Alcatel Lucent, Zain said in a statement on the Saudi bourse’s website.
Updated 5 Years ago