Police in London have arrested a 31-year-old Ghanian in connection with allegations of unauthorised trading which has cost Swiss banking group UBS an estimated $2bn (£1.3bn).   Kweku Adoboli, believed to work in the European equities division, was detained in the early hours of Thursday and remains in custody.   UBS shares fell 8% after it announced it was investigating rogue trades. The Swiss bank said no customer accounts were affected.   A spokesman for [...]

Tekedia has added four points, from 397 to 401  in the Vrank most visible brands in Nigeria. Yet, despite the addition, nothing has changed, for it, in the ranking.  It remains 10th, with Total and Stuvs leading the chart, 1st and 2nd respectively.   What is your brand’s online visibility? How well are you doing on search engines, and in online and social media? Let’s calculate your Vrank and find out more!     Most [...]

Cisco Systems Inc slashed its long-term forecasts, acknowledging an end to an era of scorching growth after cutting thousands of jobs in a sweeping four-month reorganization.   The reduction in projections had been expected from a company grappling with both nimbler rivals and a rickety global outlook for government and corporate tech spending. Yet investors pushed its shares 1.6 per cent higher, relieved the overhaul was bearing fruit: reducing costs and setting Cisco on a path for slower [...]

LTE technology has entered into the growth stage of its lifecycle in 2011. With players in the LTE ecosystem embarking on a strategy of innovation and product leadership, the market looks poised for new developments that will revolutionise the mobile broadband.     LTE is having a transformative effect on the wireless value chain in general and operators in particular. A new research from VG Telecomm suggests that LTE ecosystem players should start formulating emergent [...]

The Minister of Finance and Coordinating Minister for the Economic Team of the federal government of Nigeria, Dr Ngozi Okonjo-Iweala, has said that the twitter handle, @NOkonjoIweala does not belong to her and should in no way be associated with her.   The minister who spoke through her Senior Special Assistant on Communications, Paul Nwabuikwu said though, the account has not been noted for any negativity, it was important to make this clarification for intents [...]

The revenue to be made by mobile money operators in Africa, as a percentage of total operator revenue, will continue to rise to more than five percent in 2015 and account for $3 billion, according to a new report,  authored by Pyramid Research.  The report, Mobile Money in Africa: A Big Revenue Opportunity for Network Operators outlines the current demand for mMoney services and the potential benefits that it could bring for African operators and [...]

AMMREC mobile money conference organizing committee invites unpublished, original contributions describing ongoing or completed work, originating from: Academia – Theoretical and methodological frameworks on mobile money, including practical experiences and lessons in utilizing these frameworks. Government – Experiences, case studies and lessons learnt when regulating MM or implementing MM projects. Private industry and NGOs (practitioners) – MM products and tools and experiences in implementation. Mobile money is an emerging area of research, AMMREC expects to [...]