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Some companies are notorious for buying back billions in stock in order to mask the decline in their earnings by reducing the number of shares outstanding. Alcoa, which still has a major debt overhang from the last financial crisis, is unable to do that as it simply does not have the free cash flow to […]

The closed-door meeting between Obama, Biden and Yellen has concluded, and moments ago the White House released the following statement: “The President and Chair Yellen met this afternoon in the Oval Office as part of an ongoing dialogue on the state of the economy. They discussed both the near and long-term growth outlook, the state […]

Former Minister of Petroleum Resources, Prof. Tam David-West, has refuted newspaper reports, that President Muhammadu Buhari will crash the price of petrol to N40 per litre. Prof. West said at no time did he ever made such comment, regretting that he must have been misquoted. Rather, he said, he only canvassed that some 14 items […]

Chairman of the Federal Inland Revenue Service (FIRS) Babatunde Fowler on Monday, announced that the agency is targeting a revenue of N4.9 trillion in 2016. He made this disclosure at the opening of the 134th Joint Tax Board meeting in Kano. Fowler called on the participants to come up with useful suggestions to improve revenue […]

Reuters is reporting that Wema Bank is planning go acquire or merge with a “rival bank”. The bank is said to have plans to seek shareholders approval for an acquisition suggesting that a move might be imminent. Wema bank has been mulling an acquisition of a bank since 2015 as it ramps up its re-positioning. […]

Nigerian based Terror group Boko Haram is said to have gone into a form of microfinance by providing or promising capital and loans to young entrepreneurs and business owners in northeast Nigeria as a ploy to get them to join the group. According to aid agency, Mercy Corps, Boko Haram is now exploiting the poverty facing […]

Imagine you’re a litigator or potential litigant looking at the possibility of a jury trial. Wouldn’t it be a great thing to get a very good educated guess as to the most likely verdict a particular jury would reach? In the words of this generation, “There’s an app for that.” Litigation tech provider company Precise […]Read More

Cornell Law School announced late October the launch of a LL.M in Law, Technology and Entrepreneurship. According to Cornell, the primary impetus behind this move is to help fresh law grads and practicing attorneys learn the legal and business considerations that technologists and entrepreneurs need to operate in an increasingly technology driven world. The new […]

Forget Siblings Day, Bat Appreciation Day, and even Arbor Day. Tomorrow, Tuesday the 12th, we celebrate April’s best holiday: Be Kind to Lawyers Day. So stop complaining about your boss, your colleagues, or your spouses’ divorce attorney — for a day, at least. If you’re looking for a way to express your attorney appreciation, we’ve […]Read More

On 16th May Kalu who was hitherto answering to a 107-count corruption charge, will enter fresh plea to an amended 112-count charge dated 11th ‎February 2008. Trial Justice ‎Anwuli Chikere granted EFCC the leave to re-arraign the former governor after she was furnished with judgment of the Supreme Court, which on 18th March, ‎held that […]

Journalists operating in Imo State, have now become an endangered group, following theabduction of Channels Television correspondent, Mr. Tope Kutiyi, by unknown armed men in the early hours of Monday. Huhuonline gathered that Kutiyi, was jolted from his sleep by the rampaging hoodlums, after they successfully scaled the perimeter fence of his residence in Federal […]

While the market is still enjoying the post-NFP weekly data lull, economic data starts to pick up again in the coming days, alongside the start of the reporting season. Below are this week’s key events. From DB, a brief recap of all upcoming global events: With a particularly quiet start to the week today and […]