Participants at the National Conference on Transparency, Accountability and Ethical Values in Tertiary Institutions have raised the alarm that tertiary institutions in the country are “acquiring worrisome image for corrupt practices.” Academic institutions, they said, should be famous for groundbreaking research.
Updated 5 Years ago

Following the discovery of the huge debt amounting to over N174 billion owed contractors by the Aviation Ministry as a result of contracts awarded from 2011 till date, the Chairman, Senate Committee on Aviation, Senator Hope Uzodimma, yesterday demanded full explanation from the supervising Minister for Aviation, Mr. Samuel Ortom, noting that a solution must be sought on how to offload the debt. Apparently upset by the high debt profile, Uzordinma said: “In all these awards, the Senate committee was not carried along.”
Updated 5 Years ago

The Nigerian Stock Exchange (NSE) yesterday withdrew the registration of a stockbroker, Mr. Kayode Awotile, as an authorised clerk of the exchange for unauthorised transfer and sale of shares. According to the NSE, Awotile, who is the former Managing Director of Lakesworth Investment & Securities Limited, was punished at the meeting of the Disciplinary Committee of the National Council of the exchange held yesterday.
Updated 5 Years ago

Dangote Cement Plc, Monday, urged the Standards Organisation of Nigeria (SON) to urgently implement the new standard for cement in the country. SON recently published the standards it set for grades of cement that should be manufactured for specific types of building and construction work.
Updated 5 Years ago

All the political parties in the country, including the Peoples Democratic Party (PDP) and All Progressives Congress (APC) have endorsed June 12 for a stakeholders’ summit to address salient issues in the nation political system. The summit, which would be jointly convened by the Office of the National Security Adviser (ONSA) and the Office of the Special Adviser to the President on Inter-Party Affairs, will highlight the negative consequences of the politics of bitterness, rancour, mud-slinging and unnecessary hostility to the political, economic and social well-being of the nation.
Updated 5 Years ago

When you think "bearer of wisdom," Charlie Day probably isn't the first name that comes to mind. The 38-year-old creator and star of the popular TV series It's Always Sunny in Philadelphia is a professional goof, best known for stuff like this. While acknowledging that he's no Steve Jobs – "I don’t know how my computer works; I don't even know how my toaster works!" he told the audience -- Day had some genuine lessons to Merrimack College grads nonetheless.
Updated 5 Years ago

Forget an Apple iWatch, the U.S. military is the one really taking wearable technology to new levels. Different divisions of the U.S. armed forces, as well as other government agencies such as Darpa, are all working on developing high-tech armor that will help not only provide soldiers with full-body ballistic protection, but will also give them superhuman-like capabilities.
Updated 5 Years ago

Johannesburg-listed hotel group, Tsogo Sun, on Friday said it had acquired 25 percent stake in Redefine DBL Hotel Group (Redefine), a hotel management firm, for £8.1 million ($13.6m) with effect from the beginning of this month. The two companies said this acquisition was strategically critical for both of these firms.
Updated 5 Years ago

Nigerian Nam Mokwunye’s startup, PublicVine has been boosted by a $5 million investment as it readies for its June 6th 2014 global launch. The US-based platform is a web-based marketplace for videos enabling vendors and consumers of videos to share, rent and sell.
Updated 5 Years ago

Buildings in Dubai have been evacuated after tremors were felt from an earthquake originating in Iran. The quake measured 5.1 on the Richter scale and its epicentre was in southern Iran, according to the European Mediterranean Seismological Centre. It struck at 9.44am Dubai time about 158 kilometres north of Dubai,
Updated 5 Years ago