Other News

Beware Of OneCoin, A Cryptocurrency Ponzi Scheme
Tech

Beware Of OneCoin, A Cryptocurrency Ponzi Scheme

The Ponzi Scheme world has another ‘maverick’ in its midst- OneCoin, a pseudo cryptocurrency mining Ponzi scheme that claims to rival Bitcoin. Since Bitcoin became very popular, there are series of real and scam cryptocurrencies parading themselves as alternatives to traditional currencies and Bitcoin itself. OneCoin is owned by a […]

Said Modibbo Joins Rak Unity Petroleum
Big Business

Said Modibbo Joins Rak Unity Petroleum

Rak Unity Petroleum PLC said it has appointed Said Modibbo as a Director in the company. In a statement issued by the company, the decision was made at “its 12th meeting held on Thursday, 27th October, 2016 at Block 5, Water Corporation Road, Ijora G.R.A, Lagos”. Said Modibbo will fill […]

Scoa PLC Is Insolvent! Can It Carry On?
Big Business

Scoa PLC Is Insolvent! Can It Carry On?

Scoa PLC an automobile assembly, water engineering, distribution of construction equipment seller is on the brink of closing down as its nine months result shows that company is insolvent and or bankrupt. The company has just disclosed that it made a net loss of NGN962 million in the third quarter […]

Stanchart Ghana Posts 31% Rise In Pretax Profit
Global

Stanchart Ghana Posts 31% Rise In Pretax Profit

Standard Chartered Bank Ghana Limited said its profit before tax rose to GH¢264 million (USD61 million) for the first nine months of the year. Gross income for the Ghanaian lender rose to by 17% to GH¢464 million compared GH¢397 million disclosed in the previous year. The bank attributed the strong earnings […]

This Is How Facebook Safety Centre Works
Tech

This Is How Facebook Safety Centre Works

Two months after Facebook CEO Mark Zuckerberg traveled to Nigeria, the company has unveiled its cyber security agenda which involves a safety centre guarding against cyber bullying. Alex Stamos, head of Cyber Security at Facebook explained that Facebook’s goal to keeping people safe and making the internet more secure for […]

AXA Reports 0.4% Gross Revenue In Nine Months
Global

AXA Reports 0.4% Gross Revenue In Nine Months

AXA, a majority shareholder in AXA Mansard from Nigeria said its total revenue for the first nine months of the year rose by 0.4% to EUR75.7 billion. The company disclosed that Life & Savings net flows of Euro +4.9 billion; APE at Euro 4.8 billion; NBV margin at 38%. Also, Property & […]

Redefine Properties Portfolio Income Grows To ZAR6.5 Billion
Global

Redefine Properties Portfolio Income Grows To ZAR6.5 Billion

Redefine Properties, an internationally diversified real estate investment trust listed on the Johannesburg Stock Exchange said its property portfolio revenue rose to ZAR6,5 billion compared to ZAR for the full year to end August 2016. In an email statement, Redefine Properties said “There is no doubt that in the prevailing macro-economic environment […]