Singapore’s health database hacked, 1.5mn personal data stolen

Adesola AfolabiJuly 20, 2018

Personal Data

Singaporean government said on Friday, that hackers have stolen the personal data belonging to about 1.5 million people, about a quarter of the population, including those of Prime Minister Hsien Loong, according to Reuters. The government called the attack “the most serious breach of personal data” that the country has experienced, comes as the highly […]

OGTAN urges NNPC to discourage oil companies from training personnel abroad

Businessam StaffJuly 20, 2018

OGTAN

The Oil and Gas Trainers Association of Nigeria (OGTAN) has urged Nigerian National Petroleum Corporation (NNPC) to champion the process that would discourage oil companies in the country from training their personnel abroad. Mr Afe Mayowa, OGTAN’s President, made the appeal at the association’s Business Forum on Thursday in Lagos. He said there was the […]

Eqypt’s EFG Hermes to buy Nigerian broker, Primera Africa

Businessam StaffJuly 19, 2018

EFG Hermes

Egyptian investment bank EFG Hermes said on Thursday it will acquire Nigerian broker Primera Africa as it pushes to expand its capital market business across frontier markets. EFG Hermes said it entered Nigeria because it was one of the largest frontier markets globally with long-term growth opportunity after undergoing a series of reforms including currency […]

Ethiopian Airlines in talks to buy stake in Eritrean Airlines

Businessam StaffJuly 19, 2018

Ethiopian Airlines

Ethiopian Airlines is in talks to take a stake in Eritrean Airlines and a study will be conducted to determine the size of the acquisition, the Ethiopian carrier’s chief executive said in an interview on Thursday. “We are assessing the situation of Eritrean Airlines right now,” Tewolde GebreMariam told Reuters during a visit to the […]

Oil prices fall as U.S. output hit record high

Businessam StaffJuly 19, 2018

Oil Prices, gas industry

Oil prices fell on Thursday after data from the Energy Information Administration (EIA) showed an unexpected rise in U.S. crude stockpiles amid increase in production by major oil exporters, Reuters reports. Benchmark Brent crude oil LCOc1 fell $1.07 to a low of $71.83 a barrel before recovering a little to trade around $71.90 by 1045 […]

Apple’s iCloud partners China Telecom to store user data in China

Businessam StaffJuly 19, 2018

China Telecom

China Telecom has struck a deal with Apple’s Chinese partner Guizhou-Cloud Big Data (GCBD), a government-run data centre to provide data storage services to local iCloud users in China. The deal could be one of the largest storage projects of cloud computing, according to China’s YNET news website, citing industry insiders. Apple’s movement of the […]

Lagarde, IMF boss, urges G-20 to take advantage of global growth

Adesola AfolabiJuly 18, 2018

IMF, Lagarde

As finance ministers of the G-20 gear up for their Argentine meeting this week, Christine Lagarde the International Monetary Fund (IMF) managing director has opined that opportunity exist for nations to take advantage of global growth in three major areas, which are global trade, emerging market vulnerabilities, and the impact of technology on jobs. In […]

Brent oil slips to three-month low on prospects of global stock increase

Temitayo AyetotoJuly 18, 2018

Brent

Brent oil prices slipped to a three-month low on Wednesday on expectations that the combination of slowing demand and rising production would cause global stocks to build. Hence, analysts forecast U.S. stocks data due later Wednesday could provide an early indication of this. Brent crude, the global oil benchmark, was down 0.9 percent to $71.51 […]