Imo State governor, Chief Rochas Okorocha, has summarily sacked over 3,000 workers in 19 parastatals, agencies and departments, as he stopped their salaries with effect from January 4, 2016.
Updated 4 Years ago

The Managing Director, Financial Derivatives Company, Mr. Bismarck Rewane, on Thursday said the monetary policy strategy needed to reinforce and complement fiscal policy at a time when oil price has dropped to $30 per barrel. The renowned economist, who spoke at a roundtable discussion organised by Business Eye in Lagos, stated that the currency misalignment would remain for some time to come, stressing that there was need for the right exchange rate policy.
Updated 4 Years ago

The Africa Development Bank said it had approved the sum of $12.5m equity investment in Alitheia Identity Fund to invest in Small and Medium Enterprises being driven by women. AIF is a private equity fund managed by Alitheia Identity Managers, a joint venture between two established women-owned fund management companies, Alitheia Capital Limited of Nigeria and Identity Development Fund Managers of South Africa.
Updated 4 Years ago

The app, Cradle Count is simple, interactive, mother friendly that helps moms-to-be estimate the due date in order to plan ahead appropriately and also countdown to that very special moment with daily reminders and options to share the journey with family and friends
Updated 4 Years ago

Netflix is cracking down on people who use software tricks to stream videos that are blocked in their country. The company said Thursday it will soon prevent people from using virtual private networks, proxies and IP-masking unblocker technologies to watch videos that they otherwise wouldn't be able to stream. Netflix said it plans to start blocking that kind of activity in the coming weeks.
Updated 4 Years ago

Cape Town-based consumer focused internet platform, Silvertree Internet Holdings, has decided to invest in focused and potentially talented tech startups in Africa. Their decision came as a result of the firm’s outstanding growth record from last year.
Updated 4 Years ago

Unfortunately, another tragedy has occurred today. Céline Dion's husband René Angélil has died after long battle with throat cancer. The 73-year-old, who also mentored and managed the iconic singer's career, passed away in his Las Vegas home Thursday. "René Angélil, 73, passed away this morning at his home in Las Vegas after a long and courageous battle against cancer," the singer's camp posted on her website.
Updated 4 Years ago

Volkswagen AG’s market share in Europe fell for the first time since 2007 as the German car maker's emissions-rigging scandal deterred buyers in the final months of last year.
Updated 4 Years ago

Lagos-based lawyer, Ebun-Olu Adegboruwa, says he is withdrawing the suit he filed on Monday to challenge the continued detention of the National Publicity Secretary of the Peoples Democratic Party, Chief Olisa Metuh
Updated 4 Years ago

Foreign airlines that operate into Nigeria can sell tickets in Naira and repatriate in their own currencies following the lifting of ban stopping commercial banks from accepting cash deposits of foreign exchange from customers.
Updated 4 Years ago