The battle for the much-sought-after OML 29 oil bloc promises to go through the wire as three firms – Taleveras/IS45, Seplat and Transcorp – slug it out on the finish line. Seplat and Transcorp offered $2.4 million each, while Taleveras and IS45 put in the highest bid of $2.85 million.
Updated 6 Years ago

The rates at which banks borrow from each other called inter-bank rates yesterday rose slightly by 1.2 percent following withdrawals of money by banks to fund foreign exchange auction tomorrow.
Updated 6 Years ago

The question-and-answer session will be broadcast on national television and radio stations and is expected to cover "Crimea, the international situation, the domestic economy and the ruble," Putin's spokesman Dmitry Peskov told the Kommersant newspaper.
Updated 6 Years ago

An independent laboratory and field test conducted on the new smart national identity card has shown that it is in compliance with the security recommendations and standards of the International Civil Aviation Organisation (ICAO).
Updated 6 Years ago

For hundreds of years of human history, innovation and discovery have occurred simultaneously, by different parties, all over the globe. In fact, it is difficult to find a major technological breakthrough of the last 200 years that didn't have multiple inventors, perhaps working thousands of miles apart, claiming that a particular discovery was theirs.
Updated 6 Years ago

We often think of creativity as something that’s difficult to harness -- that elusive “aha!” moment that strikes in the shower or when driving home from work. Companies have tried with mixed success to increase the chances of light bulb moments but creativity is still considered something you just have to “let happen.” Yet, if you examine the science behind creative thought, you can isolate the elements that contribute to creativity and use these behaviors to benefit your company.
Updated 6 Years ago

The growing prevalence of diabetes, hypertension and a large susceptible elderly population, are rapidly driving up the number of people developing end stage renal diseases (ESRD) in Nigeria, spurring an upsurge of new investments in dialysis business valued at $314 million (N54 billion).
Updated 6 Years ago

More and more in Silicon Valley, we’re seeing less and less of an interest in pursuing MBA programs. It seems every week a new story highlights the opportunity costs of these programs, the unemployment rates for its graduates (though less than 5 percent of Harvard's class of 2012 was unemployedthree months after graduating) and the celebrated entrepreneurs who didn’t finish college let alone a graduate program (Steve Jobs, Bill Gates, Richard Branson, Mark Zuckerberg). Combine that with the fact that startups -- where everyone seems to want to work -- don’t care at all about graduate business degrees. They want to see real-life experience and that you have the grit to make it in the startup trenches where it’s much more visceral when your job, not your grade, is on the line.
Updated 6 Years ago

Citigroup Inc said it would pay $1.12 billion in cash to settle legacy securities and other claims and incur a related charge of $100 million in the first quarter. The bank reached the agreement with 18 institutional investors and said the settlement had resolved a significant issue left over from the financial crisis. Citi has offered the settlement to the 68 Citi-sponsored mortgage securitization trusts that participated in the $59.4 billion residential mortgage-backed securities.
Updated 6 Years ago

A Gazprom spokesperson told Reuters: "There have been zero payments from Ukraine." Ukraine owes Gazprom $2.2bn for supplies of natural gas. Gazprom did not said what action it would take if Ukraine failed to pay. The nation has missed previous deadlines without punishment.
Updated 6 Years ago