After all the hype, blockchain is due for a breakthrough in 2019. Banks and companies are gradually applying versions of the distributed-ledger technology associated with bitcoin to tasks like settlement. Demonstrating blockchain’s utility, though, will say little about the value of cryptocurrencies themselves. The technology’s potential for recording and sharing data instantly and securely has […]
Month: December 2018
Marvel just confirmed a wild fan theory about a character that died in ‘Infinity War’
We’re now less than four months away from the Avengers: Endgame premiere, which will finally bring us the closure we’ve been waiting for. Endgame will restore order to the universe, and many of the characters who perished after Thanos snapped his fingers during that epic Infinity War finale will be brought back to life. The […]
Brent crude rises but set for first yearly drop since 2015
Oil prices rose more than 2 percent on the final day of the year, mirroring gains in stock markets, but were on track for their first annual decline in three years as concerns of a persistent supply glut lingered.Hints of progress on a possible U.S.-China trade deal, with U.S. President Donald Trump saying he had […]
Labour dispute: Aviation workers to begin strike Jan 2
The National Union of Air Transport Employees and the Air Transport Services Senior Staff Association of Nigeria have threatened to down tools by January 2, if the demand for promotion of their members in the Nigerian Civil Aviation Authority is not met. The unions, on Sunday, said the NCAA had been taking them for granted […]
Minimum wage: NLC wants govs who diverted bailouts probed
The General Secretary of the Nigeria Labour Congress, Peter Ozo-Eson, said governors who claimed to lack the financial capacity to pay the N30,000 minimum wage should not be taken seriously because some of them diverted the bailouts paid to them by the Federal Governments instead of paying backlog of workers’ salaries. Ozo-Eson also said in […]
Nigeria Needs Economic Re-engineering-Peter Obi
The presidential candidate of the Peoples Democratic Party (PDP), Mr. Peter Obi, has said that what Nigeria needed now was a team with a firm understanding of global economic realities to plan the re-engineering of the country along those realities. Obi, who was speaking yesterday at Isuofia in the House of Chief Ozomma Uba during […]
CBN to sanction banks for infractions on consumer complaints
The Central Bank of Nigeria has urged the banks to adhere to its orders on customer complaints resolution or be ready to face sanctions. In a circular on ‘Deployment of the Consumer Complaints Management System’ on Friday, which was signed by a Director of the CBN, Kofo Salam-Alada, and released to the lending institutions, it […]
NLNG Train 7 Project Threatened as Shareholders Shelve Investment Decision
There are strong indications that the Nigeria Liquefied Natural Gas (NLNG) Limited’s expansion project may experience further setbacks as shareholders failed to take a Final Investment Decision (FID) on the much publicised $12 billion Train 7 project earlier scheduled for this month without giving a new timeline within which the project would be actualised. The […]