Gold castings of the hands of South Africa’s first black President Nelson Mandela have been sold for $10m (£7m) in bitcoin. Canadian crypto-currency exchange firm Arbitrade bought four casts from South African businessman Malcolm Duncan. The firm said it planned to launch a global “Golden Hands of Nelson Mandela” tour to educate young people about […]
Nigeria and Switzerland on Monday signed a memorandum of understanding on to pave the way for the return of illegally acquired assets, the west African country said. Switzerland said in December that it would return to Nigeria around $321 million in assets seized from the family of former military ruler Sani Abacha via a deal […]
Nigeria decided not join an Africa free trade zone last week because it needs to carry out more consultations at home first, the government said on Tuesday. Other leaders agreed to form a zone encompassing 1.2 billion people, but 11 countries including the continent’s biggest economy, Nigeria, and its most-developed, South Africa, did not sign […]
Cocoa prices have surged by a third this year, but that’s still unlikely to translate into big gains for farmers in top producer Ivory Coast. The West African nation uses forward sales to determine the minimum farmer price, so recent gains may have come too late for the smaller of two annual harvests that starts […]
Milost Global Inc. ended talks to provide $1 billion to Nigeria’s Unity Bank Plc, saying it received threats that it will be run out of the country if the deal continues. The New York-based private-equity firm had agreed to provide debt and equity on the understanding that Unity would delist in Nigeria to have its […]
Several Nigerian cargoes from the May programme traded, but market activity was limited overall. * Sonangol sold one of the four Dalia cargoes it was offering to a western buyer, a trade source said. It had been offering Dalia at dated Brent minus 75 cents, though details on the sale price were not immediately available. […]
The National Agency for Food and Drug Administration and Control (NAFDAC) has advised public to shun consumption of fruits ripened with calcium carbide. The agency gave the warning on Monday in Abuja in a statement signed by its management, saying that dangerous effects of carbide-ripened fruits include cancer and other illnesses. According to the management, […]
A 25 years old man, identified as Chidiebere Duru, an indigene of Umuafai Village, Dikenafai, Ideato South Local Government Area of Imo State was on Friday, March 23rd, 2018 was sentenced to three years imprisonment by Hon. Justice Allagoa at the Federal High Court of Nigeria, Owerri Judicial Division, for unlawfully tampering with a 200KVA […]
By Foster Obi South Africa’s Foreign Economic Representative (FER) in Nigeria, Mr Calvin Phume said it was important to expose the South African business delegation to the likes of Lekki Free Trade Zone in order to showcase the vast opportunities available across the Nigerian economic sectors where they can look into setting up public-private partnerships […]
Facebook on Sunday denied collecting information from Android users without permission following multiple reports that it has been logging text messages and call data. After the recent Cambridge Analytica scandal, many Facebook users started downloading their archived data files, or a copy of what the social network knows about them. Some are finding concerning information, […]