Over 70 per cent of Automated Teller Machines owned and operated by banks in the country, which are currently running on the Windows XP operating system, are exposed to frauds as Microsoft has foreclosed the extension of the deadline for cyber security support for the banks. Microsoft had on April […]

Nigeria has awarded most of its long-term oil contracts worth an estimated $40 billion a year to local companies, according to a confidential list seen by Reuters, meaning global traders need to partner with them to access crude from Africa’s top producer. Global commodity traders, refiners and Nigerian dealers jockey […]

Former Goldman Sachs Group Inc director Rajat Gupta is expected to begin his two-year prison term on June 17 for insider trading. US District Judge Jed Rakoff in Manhattan directed Gupta to surrender by 2:00 p.m. EDT (1800 GMT) on that date to start serving his sentence, according to an […]