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  • Africa's richest man drops for third year in row on world's richest list

    July 28, 2017 12:29 PM 41

    Africa’s richest man, Nigerian Aliko Dangote has dropped to 105th on the 2017 Forbe’s real-time billionaires’ ranking, but maintains the lead in Africa. Dangote, who was ranked 51st in 2016 with a net worth of $15.4 billion, currently has a net worth of $12.2 billion. The businessman was ranked 37th richest man in the world in 2014 with a net worth of $25 billion

  • Power supply failure delays Hong Kong MTR trains during Friday night rush hour

    July 28, 2017 10:07 AM 14

    The MTR’s Tsuen Wan line was hit by service delays for about one hour on Friday afternoon due to a power failure at the start of Hong Kong’s evening rush hour. From about 5pm, trains on the line running between the western New Territories and the heart of Hong Kong Island arrived at stations every four minutes, the MTR Corporation said. The company said the delays

  • Senate okays FG’s $1.8bn for railway projects

    July 28, 2017 7:55 AM 16

    ABUJA— THE Senate, yesterday, approved the $1.806 billion Federal Government 2016-2018 external borrowing (rolling) plan for Lagos-Kano railway modernization project and reconstruction/rehabilitation of the North-East. It also approved the $750 million medium term external loan requests for six states, out of the Federal Government ’s request of $1.49 billion

  • Bezos knocks Gates off perch as richest person in the world — for a few hours

    July 27, 2017 9:44 PM 23 founder and The Washington Post owner Jeffrey P. Bezos on Thursday briefly became the richest person in the world, displacing Microsoft founder Bill Gates. Bezos’s rise to No. 1 followed a surge in shares Thursday ahead of the online retailer’s earnings report due out later in the day. The company’s shares have been on a tear over the past year, passing

  • Seplat reports N8.4b loss in H1

    July 27, 2017 9:03 PM 27

    WorldStage Newsonline-- Seplat Petroleum Development Company released its half year result on Thursday with a loss after tax of N8.4 billion. The company's half year result for the period ended June 30, 2017, showed that revenue was up by 27.7 per cent to N40.3 billion from N31.6 billion in June 2016 while cost of sales increased 41.9 percent to N23.9 billion

  • Is this the end of the insane Amazon stock bonanza?

    July 27, 2017 9:03 PM 19

    Facebook bends to publishers, letting them keep 100% of subscription revenue and data (for now) Steve Bannon has kept a pretty low profile for the last few months. After being described as the puppeteer behind Trump's administration in a few articles early on, we've heard little about the man and what he's doing. In recent days, however, two articles

  • Pressure mounts on NPA over missing 282 vessels •Management not losing sleep —NPA

    July 27, 2017 6:42 AM 17

    Indications are rife that the management of the Nigerian Ports Authority (NPA) is currently losing sleep over allegations by the Senate that 282 vessels are missing at Nigerian ports. This is even as the agency denied such allegations, saying its MD is not losing sleep over such claim. According to sources close to the agency, the NPA Managing Director

  • US Uber will charge for lost item return

    July 26, 2017 11:54 AM 22

    US passengers who leave items behind in their Uber car will be charged $15 (£11.50) to have them returned, under new rules from the ride-sharing firm. The fee is already in place in some US cities, but will be rolled out across the country from August. In other countries, including the UK, items found by Uber drivers are returned without charge

  • Ghana Banks Turn to Mobile Money in Bid to Boost Deposit Base

    July 26, 2017 7:29 AM 20

    A record number of Ghanaians are saving money using mobile phones as lenders push products to lure deposits using technology that is cheaper than building branches. Deposits with mobile-money providers jumped 25 percent to 1.57 billion cedis ($360 million) this year through April, the Accra-based central bank said in a response to questions this month

  • Deploy adequate security personnel at ATM centres, banks: DC Randeep

    July 26, 2017 7:13 AM 13

    Mysuru, July 26:- Deputy Commissioner D Randeep held a meeting at his office in the city on Wednesday and instructed the bank officials to appoint enough security personnel at banks and ATM (Automated Teller Machine) centres. “There have been many complaints regarding security laxity at ATM centres and banks. Adequate security guards should be deployed