Cyber Crime in Africa, a Stalemate to Economic Development

By Tayo Adelaja

Published: June 18, 2011

Nigeria, by far, leads the African group with eight per cent rate of the crime, followed by Ghana and Cameroun with 0.7 and 0.6 per cent, respectively, Ghana’s Daily Graphic reported.

The United States tops the world with 65 per cent, followed by the United Kingdom, 9.9 per cent, and Nigeria’s eight per cent.

Liberia $1.2B Debt Canceled

By Tayo Adelaja

Published: September 21, 2010

Liberia welcomed the decision on Thursday, September 16, by the Paris Club of government creditors to cancel the West African country’s 1.26 billion US dollar debt. The figure represents the club’s share of a loan from the World Bank and the International Monetary Fund for a poverty reduction programme in Liberia.

In South Africa, Police and Army Called in To Control Striking Workers

By Adebayo Somuyiwa

Published: August 20, 2010

A massive strike held by more than one million South African public sector workers entered its third day on Friday as the army was called in to control crowds of angry protesters across the country. At least five strikers were wounded by rubber bullets fired by police in Johannesburg on Thursday

SUBMARINE CABLE- MAIN ONE CABLE THE TRAIL BLASER.

By Tayo Adelaja

Published: June 16, 2010

The concept of wiring two continents together is far older than most people might know. Telegraphers on both sides of the ocean took up a Shakespearean line from “A Midsummer Night’s Dream,” where Puck says, “I’ll put a girdle `round the earth in forty minutes.”

The story really began in 1795 when a Spaniard named Salva suggested the idea of underwater telegraphic communication. But nothing significant happened until 1850 when a single wire cable manufactured by the Gutta Percha Company was laid between England and France. International telecommunications had started.

“Bristow Nigeria Operations has the largest number of Nigerians at the management level,” Engineer Akin Oni

By Tayo Adelaja

Published: June 10, 2010

“Bristow Nigeria Operations has the largest number of Nigerians at the management level,” Engineer Akin Oni

Nigeria Banks To Report Suspicious Cash Transactions of Politicians

By Shamsydeen Badmus

Published: November 4, 2009

Nigeria’s banking sector has been ordered to start reporting on suspicious cash transactions from people involved in politics.

Nigeria To Use Oil Cash

By Tayo Adelaja

Published: October 8, 2009

Nigeria is planning to spend up to two billion US dollars from its oil cash reserves to boost its economy in response to the global downturn, the country’s junior finance minister Remi Babalola announced this week.

Nigeria Bails Out Banks

By Tayo Adelaja

Published: October 6, 2009

The Nigerian government is considering a temporary nationalisation of some underperforming banks, according to the country’s finance minister Mansur Muhtar.

China Seeks Nigeria’s Oil

By Seyi Oduyela

Published: September 29, 2009

  China Seeks Nigeria’s  Oil   A Chinese state-owned oil company is negotiating drilling rights for several onshore oil blocks in Nigeria, the Financial Times reports today. China’s CNOOC is said to be attempting to buy six billion barrels of oil, equivalent to one sixth of Nigeria’s proven reserves. The deal could potentially pitch the [...]

Technology Widens Rich-Poor Gap

By admin

Published: August 11, 2009

In reality, it is not money but intellectual capital that drives prosperity. More important, perhaps, is the reality that poverty is driven and sustained by a lack of intellectual capital.