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New revelations have emerged that JPMorgan Chase & Co was warned by its compliance team over the “great risk” of corruption just days before it made the last of three transfers that totaled $875 million to a former Nigerian oil minister, Dan Etete.

JPMorgan memo warned $875m payment to Dan Etete was graft risk

New revelations have emerged that JPMorgan Chase & Co was warned by its compliance team over the “great risk” of corruption just days before it made the last of three transfers that totaled $875 million to a former Nigerian oil minister, Dan Etete.
Union Bank of Nigeria (“UBN”) was established in 1917 and is one of Nigeria’s long-standing and most respected financial institutions, offering a portfolio of banking services to individuals, SMEs, commercial and corporate clients.

Zenith, Access Banks express interest to acquire Union Bank

Two Nigerian lenders – Zenith Bank Plc and Access Bank Plc – are among the list of financial institutions from Africa and the Middle East that have indicated an interest in the acquisition of Union Bank Plc and other African assets of Atlas Mara Group, a Pan-African banking group.
An aerial view of Konkola mine project north of the capital Lusaka, Zambia, file. REUTERS/SALIM HENRY

Zambia denies report it shuttered Konkola Copper Mines

Zambia’s Konkola Copper Mines (KCM) has not been temporarily or permanently shuttered, the state-appointed provisional liquidator of the copper mine previously owned by Vedanta Resources said on Wednesday, denying a Bloomberg report.
Isabel Dos Santos, daughter of Angola’s former President and Africa's richest woman, sits for a portrait during a Reuters interview in London, Britain, January 9, 2020. REUTERS-Toby Melville

Angola made her Africa’s richest woman, but the tide has turned

A year after Angolan authorities cracked down on her multibillion-dollar business empire, Africa’s once-richest woman is watching it crumble.
Dangote Cement

Dangote Cement increases capacity to meet demand surge

In a response to the growing demand, Dangote Cement Plc is poised to raise capacity by more than a third to meet the escalating demand as the Nigerian economy recovers.
OPEC and its oil allies reached agreement Sunday to cut global production by 9.7 million barrels a day starting May 1, to shore up the world price in the face of a significant drop in the demand for oil because of the coronavirus pandemic.

OPEC+ may downgrade ministers’ meeting, leave output unchanged

The Organisation of Petroleum Exporting Countries (OPEC) and its allies are discussing downgrading next week’s the full-scale ministerial meeting, delegates said, a signal the coalition may stick with plans to gradually revive oil production.
Slovan Bratislava lost its appeal Friday against exclusion from the Champions League by UEFA after players tested positive for COVID-19 in pre-game checks.

UEFA counterattacks Super League, will offer up to €7 billion

Football is at war between UEFA and the Super League. The creation of a new competition, outside of the international bodies, has created a schism between clubs and organisations.
Apple has not been spared the effects of the ongoing global component shortage, according to a new report in Nikkei.

Global chip shortage hits iPad, MacBook production – report

Apple has not been spared the effects of the ongoing global component shortage, according to a new report in Nikkei. The publication says that some production of MacBooks and iPads has been delayed, with “a portion of component orders” pushed back to the second half of 2021.
Google’s philanthropy arm Google.org has pledged $25 million to empower women and girls in Africa.

Google AI manager resigns following controversial firings of two top researchers

A Google researcher manager has resigned following the controversial firings of two female leaders in his organization. Samy Bengio, who oversaw the ethical AI team prior to a reorganization in February, is leaving to pursue other opportunities, according to Bloomberg. His last day will be April 28th.
President Muhammadu Buhari on Saturday commended the early response of the military and the Kaduna State Government towards the rescue of 180 students and eight staff members of the Federal College of Forestry Mechanization, Afaka, in Igabi LGA.

Presidency: President Buhari never promised to make N1 equal $1

The Presidency has said that there was not a time when President Muhammadu Buhari promised to make N1 equivalent to $1.
Femi Adesina, spokesman of President Muhammadu Buhari

Presidency: Atiku Abubakar can’t extricate himself from Nigeria’s rot

The Presidency has attacked former Vice President Atiku Abubakar for his comment on the Bloomberg report that Nigeria may emerge the country with the highest unemployment rate in the world.
Former Vice-President, Atiku Abubakar has called on the federal government to adopt proactive measures to tackle the second wave of the dreaded coronavirus before things get out of hand.

Atiku Abubakar reiterates call for privatisation of NNPC, refineries

A former vice president, Atiku Abubakar, has again called on the federal government to sell off the Nigerian National Petroleum Corporation (NNPC) and its refineries.
MARCH 26, 2021 - Maxar's WorldView-2 collected new high-resolution satellite imagery of the Suez canal and the container ship (EVER GIVEN) that remains stuck in the canal north of the city of Suez, Egypt.

Egyptian authorities say ‘human error’ may be to blame for the Suez crash

Egyptian authorities suggest the Ever Given ship running aground on Tuesday morning could be due to "human error," according to MailOnline.
Netflix announced at Tokyo’s AnimeJapan 2021 Expo Saturday that it will launch 40 new anime titles in 2021, Bloomberg reported, following the success of its Blood of Zeusseries last year.

Netflix to launch 40 anime shows in 2021

Netflix announced at Tokyo’s AnimeJapan 2021 Expo Saturday that it will launch 40 new anime titles in 2021, Bloomberg reported, following the success of its Blood of Zeusseries last year.
To assist air passengers have seamless trips, EgyptAir has announced two-in-one package for its esteemed customers comprising of a 50% discount to all travel destinations served by the airline.

EgyptAir to begin new national airline called ‘Air Ghana’

Roshdy Zakaria, Chief Executive of EgyptAir Holding Co. told reporters in Ras Al Khaimah, one of the emirates of the UAE, that the new airline, likely called Air Ghana, will probably begin operations “in a couple of months”, adding EgyptAir will provide four Boeing Co. 737-800 aircraft to the Accra-based airline in which it will have a 75% share.
Apple recently discontinued the iMac Pro, and two configurations of the 21.5-inch iMac are now joining the Pro in retirement.

Apple discontinuing two configurations of its 21.5 inch iMac

Apple recently discontinued the iMac Pro, and two configurations of the 21.5-inch iMac are now joining the Pro in retirement. As spotted by MacRumors, the 512GB and 1TB SSD configurations of the 21.5-inch iMac are no longer available for purchase, with only the 256GB SSD and 1TB Fusion drive versions available to buy on Apple’s website.
Popular American rapper Kanye West has been named Billboard‘s top Gospel Artist of 2020.

Forbes: Kanye West not richest black American

The global media company and American business magazine, Forbes has frowned at reports that American rapper, Kanye West is the richest black American.

Dangote Cement announces N273 billion dividend for shareholders

Nigeria’s biggest public company Dangote Cement Plc said it would pay shareholders N16 for every share held in the company for the 2020 financial year, translating to a total dividend payout of N272.648 billion, a note published by the Nigerian Stock Exchange (NSE) on Friday.
Kanye West has reportedly dropped out of the 2020 presidential race less than two weeks after announcing his bid for the White House.

Kanye West now richest black person in US history

The 43-year-old rapper, who clinched his 22nd Grammy on Sunday for Best Contemporary Christian Music Album for ‘Jesus Is King,’ is now worth $6.6 billion.
Facebook on Tuesday said the coronavirus pandemic has users flocking to its services while it undermines ad revenue on which the world’s biggest social network depends.

Facebook introduces corporate human rights policy it will ‘strive to respect’

Facebook is addressing the criticism it’s faced for its role in human rights abuses by putting its values on paper in a new “corporate human rights policy” collecting “the human rights standards [it] will strive to respect.” Under the policy, Facebook is committing to providing an annual report on its impact on human rights and a fund for human rights defenders.
A judge in California ruled Friday that Google has to face a class action lawsuit that claims the search giant secretly collects data from users even when they’re using its private “Incognito” mode, Bloomberg reported.

Judge rules Google must face lawsuit over claims it tracks users even in Incognito...

A judge in California ruled Friday that Google has to face a class action lawsuit that claims the search giant secretly collects data from users even when they’re using its private “Incognito” mode, Bloomberg reported.
Iranian enthusiasts see bitcoin as a hedge against devaluations of the rial and as a way to circumnavigate United States sanctions that have crippled Iran’s economy [File: Angel Garcia/Bloomberg]

Iran cracks down on crypto exchanges

Iranian officials are cracking down on the use of cryptocurrencies in the country again, with crypto exchanges becoming the latest target of official efforts to control the burgeoning industry.

Recent Stories

Taraba governor: Senator Alhassan’s demise a personal loss

Taraba State Governor Darius Ishaku has described the death of former minister of Women Affairs Senator Aisha Jumai Alhassan as a personal loss to him.

President Buhari mourns Senator Al-Hassan’s demise

President Muhammadu Buhari on Friday said he is deeply saddened by the death of Hajiya Aisha Jummai Al-Hassan, “Mama Taraba’’, who was Minister of Women Affairs and Social Development during his first term in office.
Newcastle gave their Premier League survival hopes a huge boost after hammering Leicester 4-2 at the King Power Stadium.

Newcastle boost survival hopes after hitting four past Leicester

Newcastle gave their Premier League survival hopes a huge boost after hammering Leicester 4-2 at the King Power Stadium.
Governor Godwin Obaseki of Edo state has charged governments at all levels to prioritise agriculture and adequately harness the untapped potentials of the sector to fast-track economic growth and development.

Edo to spend N3 billion on economic recovery programme

Edo state government will spend over N3 billion to implement the Covid-19 Action Recovery and Economic Stimulus Programme.
Nigerian National Petroleum Corporation (NNPC)

NNPC begins work on Port Harcourt refinery

The Nigerian National Petroleum Corporation (NNPC) has kicked off construction work in the Port Harcourt Refinery rehabilitation project with a firm commitment not to fail Nigerians.

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Roma has officially announced that tomorrow’s Europa League clash between Sevilla and Roma will not take place.

UEFA confirm they will let English fans into Europa League final in Gdansk

Fans will be allowed to attend the Europa League final in Gdansk later this month, after UEFA reached an agreement over spectators with the Polish government.
A Nigerian police officer holds a bunch of handcuffs in Abuja on October 3, 2020. Sodiq Adelakun-Channels TV

Ondo cult clash: Police arrest 20 suspects

The Ondo State Police Command said on Friday that it had arrested no fewer than 20 persons in connection with the cult clash that occurred in Owo, the headquarters of Owo Local Government Area of the state.
The police command in Ekiti on Friday confirmed the killing of a police officer as gunmen allegedly abducted a Chinese expatriate in Ado Ekiti, the Ekiti State capital.

Kidnappers demand N100 million ransom for abducted Kogi council boss

The Kogi State Government has assured the family of abducted chairman of Yagba West local government council, Hon. Pius Kolawole, of its commitment to ensure his release.
Chief of Army Staff (COAS), Lt. -Gen. Ibrahim Attahiru, has said that the Army will soon move against separatist agitators such as Sunday Igboho and Asari Dokubo.

General Attahiru: We’ll enhance reforms of Nigeria Army to address emerging security threats

The Chief of Army Staff, Lieutenant General Ibrahim Attahiru, has reiterated the commitment of the Nigeria Army to enhance reforms of the Army to address emerging security threats and resource troops as well as improve the capacities of Army personnel for complex operations.

Enugu SME centre trains 350 youths on automobile painting, artwork

The Enugu State Small and Medium Enterprises (SME) Centre is currently training 350 youths on automobile panel beating, painting and artwork.