India Likens Crypto Cash To Ponzi Schemes

India is the latest country to warn against investing in cryptocurrencies

India warned Friday against investing in cryptocurrencies including bitcoin, likening them to "Ponzi schemes", as it became the latest country to urge caution.

E-Banking Faces Threat As Customers Lose Huge Savings To Fraudsters

The emergence of electronic banking made it possible for people to conduct financial transactions online. Image credit: 123RF

Sad and painful tales of bank customers who have lost their life savings and entire business funds to fraudsters have raised many questions of whether e-banking is a blessing or curse to the financial services industry, OYETUNJI ABIOYE writes

The sun was set at noon for Idongesit Umoh, an entrepreneur, when electronic fraudsters cleared approximately ₦2.1m within 30 minutes from her account on June 8, 2017.

US Academia Faces Its Own Reckoning Over Harassment Allegations

In this Sunday, Dec. 17, 2017, photo, Professor Celeste Kidd is photographed at University of Rochester, in Rochester, N.Y. (AP Photo/Brett Carlsen)

When Celeste Kidd was a graduate student of neuroscience at the University of Rochester she says a professor supervising her made her life unbearable by stalking her, making demeaning comments about her weight and talking about sex.

Power Sector Loses ₦540b To Gas, Water, Transmission

Transmission Company of Nigeria

Nigeria’s electricity sector lost more than ₦540 billion to series of constraints that beset its operations in 2017, which made it difficult for the operators to supply the needed power to consumers.

George Weah Elected Liberian President

George Weah won the first round of the election - but not by enough to avoid a run-off vote. AFP

Former football star George Weah has been elected as Liberia's president. As news of Mr Weah's victory emerged, his supporters began celebrating in the capital Monrovia.

George Weah's supporters celebrate in Monrovia

China: US Should Curb Demand For Opioids, Not Blame China

The United States should look within to cut down demand for opioids which are fueling its deadly drug crisis rather than stressing unsubstantiated claims that China is the major source of these chemicals, a top Chinese drug enforcement official said Thursday.

Yu Haibin of the China National Narcotics Control Commission speaks during a press conference held in Beijing, China, Thursday, Dec. 28, 2017. Yu said Thursday there was little evidence showing China was the source of much of the chemicals used in the production of the powerful opioid fentanyl. (AP Photo/Ng Han Guan)

‘Nigeria Losing 72% Internet Revenues To United States’

Internet

About 72% of Nigeria’s Internet revenues have been confirmed going to the United States of America (USA), instead of accruing to the country.

Humidity Could Worsen The Impact Of Global Warming By Increasing Severity Of Heatwaves For Millions Of People Worldwide

Climate scientists say killer heat waves will become increasingly prevalent in regions across the globe as warming continues. A new global study projects that in coming decades the effects of high humidity in many areas will dramatically increase, leading to a spike in deaths

●Experts mapped current and projected future 'wet bulb' temperatures globally ●This is made by draping a water-saturated cloth over the bulb of a thermometer ●High wet-bulb readings occur once a year but could increase to 250 by 2070 ●Densely populated northeastern India will be hardest hit, researchers say

Killer heat waves will become increasingly prevalent in regions across the globe as warming of the planet continues, climate scientists say.

Large swaths of the tropics and beyond may see crushing combinations of heat and humidity in coming decades, according to a new study

Fuel: FG In Tight Corner As Landing Cost Hits ₦171/Ltr

‘Marketers forcing us to increase pump price’

The landing cost of petrol has risen to ₦171 per litre, the Group Managing Director, NNPC, Dr Maikanti Baru has said.

Proclaim Jesus Christ As King; Christmas Gives 'Hope' To Darkening World

Christmas is more than December 25. So says Reverend Gideon Bala Bagudu in his Christmas sermon on Sunday, December 24th at the Victory Community Baptist Church.