West Africa’s infamous internet scammers have evolved, dropping their impersonations of online love interests, princes and U.S. soldiers in favour of hijacking corporate emails, costing businesses hundreds of millions of dollars a year. It is a much more lucrative venture that works by gaining access to corporate email login details or passing off almost-identical addresses […]
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U.S. to repatriate $500m belonging to Nigeria
With the visit of President Muhammadu Buhari to the United States, the platform was provided by President Donald Trump to finalise negotiations to repatriate more than 500 million dollars (about 190 billion Naira) of Nigeria’s looted money traced to the country. Nigeria’s Attorney-General and Minister of Justice, Abubakar Malami, told the Correspondent of the News […]
Nigeria Police Force Pensions Ltd records N75.7bn profit
The Nigerian Police Force Pensions Ltd recorded over N75.7 billion profit for the 2017 financial year. The Chairman of the NPF Pensions Ltd, retired Inspector-General of Police, Suleiman Abba, stated this on Monday in Abuja, at the NPF Pensions Ltd 4th Annual General Meeting. Suleiman said the company’s funds grew from N274.1billion to N349.8 billion, […]
6 Billionaires Whose Fear of Death Is Fueling a Boom In Biotech Startups
What do Jeff Bezos, Michael Bloomberg, Bill Gates and the great-nephew of Walt Disney have in common? A pursuit to live longer, according to their recent spending pattern. A number of the world’s best known billionaires have been putting their personal wealth into biotech startups that work to discover the elixir of life, noticed Family […]
Disney ‘Avengers’ smashes global box office record
“Avengers: Infinity War” took in $630 million in its first weekend, the highest global opening of all time, industry estimates showed on Sunday. “The latest Marvel juggernaut… opened with $630M worldwide, making it the largest global weekend tally in the history of film, and this was done without China,” which has a later opening, industry […]
Amazon is giving Apple a run for its money
It was 2011 when Apple first passed ExxonMobil to become the biggest company on the market, and it’s barely been challenged since. Apple’s $833 billion market cap puts it well ahead of its nearest competitors. But a pack of richly valued technology companies is vying to give Apple a run for its money—and Amazon is […]
Nigeria’s army to make Boko Haram’s forest tourism spot
Nigeria’s army says it wants to turn the Sambisa forest into a tourist destination. The plan, however, has a catch: the area is home to a vicious insurgency. At least 34,000 people have died in Boko Haram’s nine-year revolt, according to the Armed Conflict Location & Event Data Project. The Islamist militant group, which gained […]
Lassa fever: Saudi Arabia threatens to block Nigerians from Hajj
Saudi authorities are threatening to bar Nigerians from attending this year’s pilgrimage to Mecca over fears they could spread Lassa fever, Nigeria’s National Hajj Commission has said. Since the start of the year the disease has killed at least 90 people in Nigeria and more than 1,000 cases have been reported across the country. Symptoms […]
‘Amazon is developing robots for the home’
For a company that started out as an online book store, Amazon has become one of the biggest players in the tech industry. Amazon Web Services powers much of the web. The company’s Echo line of devices effectively popularized use voice assistants around the home in a way that Apple’s Siri never did. And the […]
‘Nigerian oil exports to slip in June’
Nigeria’s oil exports are expected to fall slightly in June to just under 1.8 million barrels per day (bpd), loading plans showed on Monday. Reuters reports that the export plan comprised 60 cargoes, for a total of 1.796 million bpd, compared with the 1.895 million bpd in May’s revised export programme. June exports will also […]