Tag Archives: business-news

Switzerland freezes Mubarak assets

Cairo – Switzerland has frozen whatever assets Hosni Mubarak and his associates may have there, and anti-corruption campaigners are demanding the same of other countries. But experts say hunting for the deposed Egyptian leader’s purported hidden wealth – let alone … read more »

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Tweeting Assange’s first day in court

Unlike Julian Assange’s first appearance in a British court, the judges have now lifted the tweet ban. Court reporting in its full 140 character flower is being permitted to bloom. And boy did they tweet. It was a grey morning … read more »

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Report: Google requests delay of new Google TVs

Google TV is apparently encountering a bit of static that has resulted in a programming change. A host of TV manufacturers has been expected to unveil new Internet-ready TVs at the Consumer Electronics Show in Las Vegas next month. But … read more »

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Politicians killed Nigerian banks. Says Sanusi

AS the controversy surrounding the statement made by the governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, about the budget of the National Assembly rages on, the CBN governor has declared that politicians in the country, particularly … read more »

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WRAPUP 1-Amazon, Ebay, Google going local

* “Local mania” driving Internet powerhouses * Amazon invests in LivingSocial, EBay buys Milo.com * Google-Groupon deal in the works SAN FRANCISCO, Dec 2 (Reuters) – Amazon.com and eBay Inc are investing in local Internet services, jumping aboard the increasingly … read more »

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Nigeria sets to double minimum wage after strike

Nigerian President Goodluck Jonathan will send a bill to parliament more than doubling the minimum wage, meeting union demands after a nationwide strike this month, a senior advisory council said on Thursday. The main labour unions in Africa’s most populous … read more »

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Nigeria: EFCC opposes motion in Akingbola case

The motion by six top management staff of Intercontinental Bank, urging a Federal High Court in Lagos, to strike out the 23-count amended charge against them, was yesterday opposed by the Economic and Financial Crimes Commission (EFCC). The officials, together … read more »

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Can Walmart and Coca-Cola make profits in Africa?

Is there money to be made in Africa? You bet. Just ask Walmart, which is offering more than $4 billion to buy a South African retail chain as its foothold into the fast-growing African market. And Coca-Cola has announced it … read more »

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Nigerian unions call strike over minimum wage

Nigeria’s two main labour unions called a three-day nationwide strike from Wednesday and threatened an indefinite stoppage over what they say is the government’s failure to adopt a $120 monthly minimum wage. The Nigeria Labour Congress (NLC) and the Trade … read more »

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