Crisis rocks NAICOM as workers shut down insurance regulator.

Staff of the National Insurance Commission (NAICOM) shut down work Monday to protest alleged mismanagement and other forms of corruption at the insurance regulator.   As early as 6am,...

Alleged faulty revenue profile put pressure on NASS, delays 2016 budget. 

Alleged lack of revenue profile, faulty Medium Term Revenue Framework (MTRF) and Medium term Expenditure Framework (MTEF) may have delayed works on the 2016 budget, preventing...

How American firm bungled Ebola response.

An American company that bills itself as a pioneer in tracking emerging epidemics made a series of costly mistakes during the 2014 Ebola outbreak...

Inside the hellish prison where Nelson Mandela was held

Pollsmoor Prison, Cape Town (CNN) Before we even see the cell, we can smell it. It's the suffocating stench of 86 men squeezed into a...

Here’s How Electric Cars Will Cause the Next Oil Crisis

With all good technologies, there comes a time when buying the alternative no longer makes sense. Think smartphones in the past decade, color TVs...

CBN to sanction banks over charges on e-dividend registration.

Banks that charging fees on investors who are registering for the e-dividend payment platform are to face sanctions from the Central Bank of Nigeria...

The World of Nigeria’s Sex-trafficking ‘Air Lords’

Last year, the BBC's Sam Piranty was given access by the Catalan police, Mossos D'Esquadra, to an investigation into a Nigerian sex-trafficking gang. He...

Why NAICOM introduces stringent conditions to revalidate brokers’ licences

The reason why National Insurance Commission (NAICOM) introduced stringent measures for the reinstatement of the licences of 108 insurance brokers it revoked last year...
MTN

MTN acquires Visafone, sacks 2000 workers

MTN, Africa’s leading mobile phone operator, has finally sealed the deal to acquire Visafone, the only surviving Code Division Multiple Access (CDMA) operator in Nigeria, owned...

CBN’s N743m investment in Malaysian Islamic bank violates act, exposes weak corporate governance.

In clear defiance of its enabling act and without the approval of the president, the Central Bank of Nigeria CBN has invested N743 million...