BREAKING NEWS

The SSS yesterday November 8th returned the international travel passports (diplomatic & standard)  of the Emir of Kano, Alhaji Muhammad Sanusi II, which they seized a few months ago after he was removed as the head of the Central Bank. His diplomatic passport was seized at Lagos airport on his return from Niger Republic while his standard passport was seized at the Kano Airport when he tried to travel to France. The passports was returned to him at his Palace yesterday following his recent reconciliation with president Jonathan. by linda ikeji

Director-general of the National Information Technology Development Agency (NITDA), Mr Peter Jack Journalism tomorrow will be centered on mobility and a 360-degree approach to news. All media will be one. This is the essence of media convergence. Over the course of the past decade, the  digitization  and  socialization  of the news production, transmission and circulation process has posed a major challenge to the journalism profession and have brought about radical changes for media businesses, journalists, and citizens at large. With Social Media and online journalism growing increasingly pervasive and prominent due to its ability to dramatically raise faster awareness about an event, a divide now exists between the awareness of the event and its report by a journalist. This unprecedented  growth has provided a multiple platform for story-telling and for distributing journalistic content. While the journalists of today operate in an ever faster-paced industry, a

 The numbers are in for Facebook Inc.’s acquisition of mobile-messaging application WhatsApp Inc.: The social network paid $22 billion for a startup that generated $10.2 million in revenue last year. In a regulatory filing yesterday, Facebook disclosed WhatsApp’s financial results for 2012 and 2013. The messaging service, which reached 400 million active users in December, generated less than 3 cents in revenue for each one last year. By comparison, Facebook paid $55 per user when it acquired the company. WhatsApp’s net loss was $138.1 million for 2013. The valuation of the deal was already regarded as lofty, at 19 times projected sales. Still, the results illustrate how far Facebook has to go to get its money’s worth for the app, which generates revenue by charging 99 cents for subscriptions after a user’s first year. Chief Executive Officer Mark Zuckerberg said he’s in no rush to make money from WhatsApp, or Facebook’s other growing applications, until they reac