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Image source: Getty Images. Cloud computing is a big deal, and only getting bigger. The simple idea of moving large computing tasks from smartphones and desktops into bulky data centers via internet links is gathering a ton of steam. Companies like Amazon.com (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) are building billion-dollar businesses in this space. Lots of […]

Image Source: Instagram/Facebook Facebook‘s (NASDAQ:FB) Instagram is on a roll. The photo-sharing social networking site recently announced that it has grown to 500 million monthly active users, or MAUs, 300 million of which use the service every day. Instagram’s MAU figure still trails the 1.7 billion MAUs Facebook’s site boasts, but its growth is increasingly […]Read More

Image source: Getty Images. It’s been a rough year to be a biotech investor. The market-cap-weighted iShares Nasdaq Biotechnology ETF (NASDAQ: IBB) is down about 25% so far this year.  However, if you’re looking to buy in July, you’ll be happy to learn the industry sell-off hit some companies much harder than it should have. […]Read More

Last week, one of the world’s biggest construction projects finally opened to the public. Walt Disney Co (NYSE:DIS) took the wraps off the highly anticipated Disneyland Shanghai, the House of Mouse’s first foray into mainland China.  With a price of tag $5.5 billion, the Shanghai theme park is more expensive than the expansion of the Panama Canal, and […]Read More

Image source: Getty Images. In the early 1990s, William Bengen, having just sold off his family’s soda bottling business, moved to southern California to open a financial planning service. With a degree from MIT and a background in aeronautics and astronautics, he was a fool for numbers. So when his clients started asking how much […]

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On Friday morning it was announced that the United Kingdom has voted to leave the European Union. A referendum was called and 51.9 percent of citizens across England, Scotland, Wales and Northern Ireland who voted decided to leave the EU after 43 years. Now, let’s not delve into politics too much here. We shall leave that… […]Read More

In the Niger Delta, a gun is an investment that yields excellent returns. Jamnogo Blessing, a gang member, recently turned up in Yenagoa, a turbulent city in the oil-pumping Niger Delta, to buy a stash of weapons from militants who hung up their boots seven years ago. “The only language the government listens to is… […]

Nigeria’s interbank overnight rate eased 20 percentage points to 15 percent on Friday from Thursday’s close after some banks approached the central bank’s discount window for short-term cash accommodation, traders said. The cost of borrowing had peaked at 60 percent for overnight lending on the interbank on Wednesday and eased to 35 percent on Thursday… […]Read More

Five England-based players have been named in Nigeria’s 35-man provisional squad for the Olympic Games. Midfielder John Mikel Obi, defender Kenneth Omeruo, strikers Odion Ighalo, Alex Iwobi and Kelechi Iheanacho are all with Premier League clubs. Ighalo and Mikel are two of the three over-aged players allowed by Fifa, along with goalkeeper Daniel Akpeyi. The… […]

The Nigerian senior national football team, the Super Eagles and the Indomitable Lions of Cameroon were drawn in the same African 2018 World Cup qualifying group as the continent’s top-ranked side Algeria on Friday. Group B includes three of the five African countries who went to the last World Cup in Brazil and they will… […]