South African telecoms giant MTN said Friday it would pay a $1.7 billion fine to the Nigerian government in a “full and final settlement” over its failure to disconnect unregistered mobile phone users. The company said in a statement that “MTN Nigeria has agreed to pay a total cash amount of Naira 330 billion over three years.” Africa’s biggest wireless operator was fined $3.9 billion last year and has since been in negotiations with the government over the payout.

– Niger Delta Avengers says it has bombed the Obi Obi Brass Trunk line belonging to Agip ENI – The attack was carried out about 3.am today, June 10 Militants operating in Niger Delat Hard fighting militant group, Niger Delta Avengers says it has bombed the Obi Obi Brass Trunk line belonging to Agip ENI. According to the group in a tweet via its Twitter page said the bombed oil line is Agip’s major crude oil line in Bayelsa. Recall that the group had refused to go into negation with the Federal Government of Nigeria despite FG pulling out troops from the oil rich Niger Delta region. The group also said it is happy that foreign refineries have stopped buying Nigerian oil. NDA have vowed to reduce Nigeria’s oil production to zero and have constantly warned oil companies not to repair bombed oil installations. Recall that facts have shown that Nigeria is losing an estimated $6.72m (about N1.3 billion) due intense bombing of oil installations in the oil rich ...

Nigerian football icon Stephen Okechukwu Keshi died suddenly in the early hours of Wednesday in Benin City, Edo state, the cable understands. The former international football player and coach had lost his wife of 33 years, Kate, last year after a prolonged battle with cancer. the cable confirmed his death from a member of his family as well as one of his close associates. “He was not ill at all, never showed any signs of illness, but we suspect he never got over the death of his wife,” a friend said. He is survived by four children and his mother. Keshi, the only Nigerian coach to have won the Africa Cup of Nations, achieved a rare feat in 2013 by becoming only the second person to win the trophy both as a player and a coach. The only other person to have achieved the feat is Egypt’s Mahmoud El-Gohary. Keshi, a product of St. Finbarr’s College, Akoka, Lagos, started his playing career at a very young age at ACB Football Club, and later played for Ne...

What do you know about the internet? Do you know that the internet is the biggest source of wealth creation in the world today? What exactly do you do when you browse online? Do you even know what to do online? Do you know that every time you log into your facebook account or make a search on google, you could be making at least $50 daily utilizing the power of Facebook and Google combined? The internet has produced more Multi-Millionaires in a very short period of time than anything else in history. And just to tell you the speed of the internet; Did you know that it took the internet just 5 years to reach 50 Million users, while it TV took 13 years and Radio 38 years to achieve the same. Just few years ago a Company called Facebook started like a Joke. Today Facebook has approximately I Billion active members on their platform. Did you also realize that 6 out of the 10 youngest American Billionaires ranked from age 26 to 42 were all e-Business / Internet driven business own...