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Nigeria central bank head Lamido Sanusi ousted Nigeria's central bank governor Lamido Sanusi has been suspended by the president pending investigations into "far-reaching irregularities". Mr Sanusi caused shockwaves in Nigeria when he alleged that $20bn (£12bn) in oil revenue had gone missing. Nigeria's state oil firm has denied failing to account for the money, saying the claim was "unsubstantiated". Mr Sanusi is widely respected after undertaking reforms to the banking sector since his appointment in 2009. He was named central bank governor of the year in 2010 by Banker magazine. Nigeria is one of the world's biggest oil producers but the sector is marred by widespread allegations of theft and corruption. Anti-corruption credibility In February, Mr Sanusi told a senate committee that out of $67bn of oil sold between January 2012 and July 2013, $20bn had not been accounted for. The Nigerian National Petroleum Corporation said the a...

Facebook to buy messaging app WhatsApp for $19bn Facebook's previous biggest acquisition was Instagram, which it bought for $1bn in 2012 Continue reading the main story Related Stories Facebook widens gender options Is Facebook really losing members? Viber messaging app in Japanese deal Facebook has bought messaging app WhatsApp in a deal worth a total of $19bn (£11.4bn) in cash and shares. It is the social networking giant's biggest acquisition to date. WhatsApp has more than 450 million monthly users and is popular with people looking to avoid text messaging charges. In a statement announcing the deal, Facebook founder Mark Zuckerberg described WhatsApp's services as "incredibly valuable". WhatsApp allows users to send messages over internet connections, avoiding text messaging fees. The company claims it is currently registering one million new users a day. It makes money by charging users a subscription fee of $1 per year, althou...

The  Importance  of Habit   The founder of one of the world's most successful companies said, 'The individual who wants to reach the top must appreciate the might and force of habit. He must be quick to break those habits that can break him, and hasten to adopt those practices that will become the habits that help him achieve the success he desires'. This is true in all of life.  A dream becomes a reality as the result of your actions, and your actions are controlled mainly by your habits. Speaker and author Robert Ringer says, 'The world is saturated with intelligent, highly educated, extraordinarily skilled people who experience ongoing frustration because of their lack of success. Millions of others spend their lives working hard, long hours, only to die penniless.' What's the solution? Ringer says: 'Remember, life is nothing more than the sum total of many successful years; a successful year is nothing more than the sum total of many successful mon...

Satya Nadella: Things to Know About Microsoft's New CEO He's Extremely Well-Educated Nadella is one smart man. After graduating from Mangalore University, he then completed his Master of Science in Computer Science at the University of Wisconsin-Milwaukee. He also earned an M.B.A. at the renowned University of Chicago Booth School of Business. Simply put, he has the educational background to back up his current role. He Was Born in India To understand Satya Nadella is to understand his roots. He was born in India and completed his undergraduate education there before heading to the United States to begin his post-graduate studies and IT industry career. Interestingly, Nadella was an accomplished cricket player. He says that the game went a long way in teaching him the essence of working in teams and leadership. He's Young Born in 1967, Nadella is a breath of fresh air for Microsoft, which has been run by the much older Steve Ballmer for years. As...