Verizon To Acquire Yahoo’s Operating Business for Approximately $4.83 Billion

Verizon to acquire Yahoo's operating business

Transaction will create a new rival in mobile media technology reaching over 1B users* with a roster of the world's most beloved brands

BASKING RIDGE, N.J., and SUNNYVALE, Calif., July 25, 2016 /PRNewswire/ -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Yahoo! Inc. (Nasdaq: YHOO) today announce they have entered into a definitive agreement under which Verizon will acquire Yahoo's operating business for approximately $4.83 billion in cash, subject to customary closing adjustments.

Enough Is Enough: A Letter From Mohammed Zakzaky, Son Of Shiite Leader Ibrahim Zakzaky

Mohammed Ibraheem Zakzaky's Letter To Nigerians by shehu313: 12:55am On Jul 23
Passionate Letter From Zakzaky's Oldest And Only Surviving Son To Nigerians

Enough Is Enough: A Letter From Mohammed Zakzaky, Son Of Shiite Leader Ibrahim Zakzaky

Nigerian Nnimmo Bassey and Others Call On World Bank President Kim To Step Down

Nigerian Nnimmo Bassey and Others Call On World Bank President Kim To Step Down

WASHINGTON, July 22, 2016 /PRNewswire-USNewswire/ -- Nearly sixty inflamed leaders from environmental and human rights organizations, including Foundation Earth, called on World Bank President Jim Yong Kim to resign and not seek a second term. They state that the world and the World Bank needs new leadership.

For the past four years of his five-year term President Kim has failed to lead, instead proceeding with problematic large projects that paradoxically will increase poverty rather than reduce or eliminate it. World Bank projects are contributing to the 6th Great Extinction.

NNIMMO BASSEY, Earth Rights International (Nigeria): President Kim has continued with the types of projects that harm people and ruin the environment they depend on for their survival.

Solar-powered airplane : Aquila's First Flight: a Big Milestone Toward Connecting Billions of People

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Aquila's First Flight: a Big Milestone Toward Connecting Billions of People
Aquila's first flight is part of Facebook’s overall commitment in overcoming the remaining barriers to universal connectivity

Neglected Hunger Crisis Surges behind Front Lines of Fighting Boko Haram in Northeast Nigeria

© UNICEF/UNI193663/Esiebo A young girl is screened for malnutrition in the Dalori camp for internally displaced people in Borno State, Nigeria.

Neglected Hunger Crisis Surges behind Front Lines of Fighting in Northeast Nigeria
Humanitarian community races to assess needs in areas cut off from aid for about two years

L’Oréal Accelerates Product Development for Sub-Saharan Africa

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L’Oréal Accelerates Product Development for Sub-Saharan Africa Thanks to New Research & Innovation Center

It hosts product development, evaluation and advanced research teams and will employ scientists from the fields of chemistry, chemical engineering, physiology, cosmetology and biochemistry

Nigeria Records Largest Rise in Output of Oil Export Since 2008

NIGERIAN OUTPUT REBOUNDS

The largest rise in output came from Nigeria, where production rose 150,000 b/d to 1.57 million b/d, due largely to the return of its largest export grade, Qua Iboe, as production and exports resumed at the end of May.

Nigerian production hit 30-year lows in May as militancy continued in the country's oil rich Niger Delta.

June OPEC Output of 32.73 Mil. Barrels of Crude Per Day, Highest Since Aug. 2008: S&P Global Platts
Click here for the full report.

The Population of Lagos is Now More Than 21, 300, 000

Lagos’ Resilience Challenge

This bustling megacity must cope with rising sea levels and coastal erosion that threaten to undermine its growth.

Lagos has over 21 million inhabitants and is the cultural and economic heart of Nigeria. With financial, commercial, and tourist centers located on islands in the Gulf of Guinea, Lagos is especially susceptible to damage from rising sea levels and coastal erosion, which have already led to a decline in water quality, the destruction of drainage infrastructure, and an increase in incidences of water and vector borne disease. Coastal erosion has also hurt indigenous communities that depend on coastal resources for survival.

Coastal flooding from storm surges has forced the relocation of resorts, businesses, and artisans from the popular tourist destination of Victoria Island. Recent initiatives involving private sector partners have already led to the reclamation of some coastline on the island, providing a model for future efforts to protect Lagos’ vulnerable shores.

See more details on 100 Resilient Cities.

Orange Completes Acquisition of Mobile Operator Airtel in Sierra Leone

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Orange completes acquisition of mobile operator Airtel in Sierra Leone

Orange completes acquisition of mobile operator Airtel in Sierra Leone

Airtel is the leading mobile operator in Sierra Leone with over 1.3 million customers.

The Highest Paid Bank Bosses in the World

Jamie Dimon.

The Highest Paid Bank Bosses in the World.

Last year, chief executives at the world’s biggest banks saw their pay increase 7.6 percent with each of them taking home just over $13 million on average, according to research conducted by the Financial Times. U.S. bosses did particularly well, earning twice as much as their European counterparts. The chief executives at JPMorgan Chase, Goldman Sachs, Citi, Wells Fargo, Bank of America and Morgan Stanley earned an average of $20.7 million last year, while the bosses at 11 banks in Europe brought home $10.4 million.

Lloyd Blankfein.

Bill Winters.

JPMorgan’s Jamie Dimon was 2015′s best-paid bank boss, earning an impressive $27.6 million. Lloyd Blankfein of Goldman Sachs came second with $23.4 million while the head of Standard Chartered, Bill Winters, rounded off the top three with $22.4 million.

Source: Statista.