By Kadiri Abdulrahman As a way of tackling the problem of growing youth unemployment in Nigeria, the Central Bank of Nigeria (CBN) on Thursday formally launched the Tertiary Institutions Entrepreneurship Scheme (TIES) in Abuja. The apex bank also presented cheques of N5million each to six pioneer beneficiaries of the scheme to help boost their businesses, create employment and […]
Dow futures plunged and oil fell more than 6% on Friday as the emergence of a new Covid-19 variant rattled global markets. Asian stocks led the way, with Hong Kong’s Hang Seng Index (HSI) dropping 2.7%, while Japan’s Nikkei 225 (N225) was down 2.5%. European markets sold off heavily, with major indexes including the FTSE100, France’s CAC40 (CAC40) and Germany’s DAX (DAX) all down by between 2.5% and 3%. US […]
The Court of Appeal sitting in Lagos has upheld the final forfeiture order on the $40 million worth of jewellery seized from the premises of the former Minister for Petroleum, Diezani Allison-Madueke. Justice Festus Obande, who read the judgment on Friday, held that there was no substance in Alison-Madueke’s bid to overturn the lower court’s […]
By Ayodeji Alabi Gov. Oluwarotimi Akeredolu of Ondo State has approved the appointment of seven directors to represent the state on the board of some companies. Mr Donald Ojogo, State Commissioner for Information and Orientation made this known in a statement made available to newsmen in Akure on Thursday. Akeredolu said the directors are; Dr […]
Israel and Britain have announced new travel restrictions on several African countries over concerns about a new Coronavirus variant. Israel reclassified South Africa, Lesotho, Botswana, Zimbabwe, Mozambique, Namibia and Eswatini with immediate effect, Prime Minister, Naftali Bennett’s office said after a special meeting. Foreigners from these countries can no longer travel to Israel from those […]
A judge has suspended Britney Spears’ father from the legal arrangement that gave him control of her life after Spears accused him of years of abuse. Jamie Spears was appointed her guardian in 2008, amid concerns over her mental health. On Wednesday, a judge handed the role to a man appointed by Spears. […]
Russia has threatened to ban YouTube if it does not reinstate two German-language channels backed by the Russian state that were deleted for violating Covid misinformation guidelines. Russian media watchdog Roskomnadzor accused YouTube of censorship. The agency ”demanded” that the channels be restored. It comes as YouTube also expanded its misinformation policies to […]
Hardly a day has gone by in recent months without news of a fresh crackdown on one part of the Chinese economy or another. The slew of announcements of tough new regulations and the stringent enforcement of existing rules have targeted many of the country’s biggest companies. As we explained in the first part of this […]
Large unauthorised contactless payments can be made on locked iPhones by exploiting how an Apple Pay feature designed to help commuters pay quickly at ticket barriers works with Visa. In a video, researchers demonstrated making a contactless Visa payment of £1,000 from a locked iPhone. Apple said the matter was “a concern with […]
Treasury Secretary Janet Yellen warned lawmakers that the federal government will likely run out of cash and extraordinary measures by October 18 unless Congress raises the debt ceiling. The new estimate from Yellen raises the risk that the United States could default on its debt in a matter of weeks if Washington fails […]