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Business

Ogunsanya Becomes Airtel’s CEO

Bharti Airtel has announced the appointment of Mr. Segun Ogunsanya as the Chief Executive Officer of Airtel Networks Ltd, Nigeria…

Panasonic Unveils New Product Lines

Panaserv Nigeria Limited, authorised service agents for Panasonic consumer electronics products in Nigeria, in conjunction with Panasonic Corporation, Japan unveiled…

Apple’s iPhone loses name battle with Mexico’s iFone

A Mexican telecommunications firm named iFone has declared victory in a trademark battle with Apple’s iPhone, exposing the US company…

Tax hostile states to pay more for phone service

Telecommunications operators and service providers under the aegis of Association of licensed Telecommunication Operators of Nigeria (Alton) have threatened to…

South Korea’s total debt soars to $2.75 tln

South Korea’s total public and private-sector debt soared to $2.75 trillion this summer due to greater spending to stimulate growth…

Samsung sells 30 mln Galaxy S III smartphones

Samsung Electronics said Sunday that global sales of its flagship Galaxy S III smartphone had topped 30 million since its…

In Venezuela, flipping used cars is a thriving industry

CARACAS (AFP) – With the world’s largest oil reserves and the cheapest gas anywhere, you’d think Venezuela is a driver’s…

2 Members Disown Ribadu Oil sector Report

Oluokun Ayorinde/Abuja Bureau Chief Controversies over the report of Mallam Nuhu Ribadu led Petroleum Industry Revenue Task Force continued on…

Dana Air Signs $1m Contract With Canadian Firm

Dana Airlines said on Friday that it has signed a five-year contract with FLYHT Aerospace Solutions Limited for its flagship…

EFCC Arrests 12 Suspected Land Racketeers

A Special Task Force which comprise of Special Control Unit against Money Laundering, SCUML and Counter-Terrorism/General Investigation, CTGI, Units of…

Rebirth Of An Icon

While BMW has M Division, Audi has quattro GmbH’s RS, Mercedes-Benz’s performance division is AMG. Based in Affalterbach near Stuttgart,…

Weststar Builds N4.2bn Abuja Facility

In a bid to ensure effective service delivery of its brands, Weststar Associates Limited, authorised distributor of Mercedes-Benz, Chrysler, Jeep…

Recalls Not Disasters –Toyota Nigeria

There is no need for local car owners to panic because of Toyota’s worldwide vehicle recall, Toyota Nigeria Limited recently…

Native Doctor Docked For Fraud

A native doctor, Taiwo Agbaye, 39, alleged to have defrauded a Lagos trader, Adebayo Azeez, has been arraigned before a…

Bank Manager Faces N30m Fraud Charge

Finbank Plc and one of its senior Manager, Rosemary Usifor alleged to have defrauded a retired Deputy Inspector General of…

AFP: 6 Russians kidnapped off Nigeria freed

Six Russians and an Estonian kidnapped from a ship off Nigeria on October 15 have been released, French oil industry…

Lufthansa, Air France-KLM post better earnings 3Q

Luftnasa, Air France-KLM have all exceeded third-quarter expectations, in the results declared. Lufthansa’s bottom-line net profit soared by 30 percent…

France makes billion euro tax claim against Google

PARIS, Oct 30, 2012 (AFP) – French tax authorities have made a billion-euro ($1.3 billion) claim against Google to pressure…

First Bank, Total, Lafarge Wapco, UACN post bigger profits in Q3

First bank Plc, Lafarge Wapco, Stanbic-IBTC, Total and the conglomerate UACN have all posted higher profits in their third quarter…

EFCC Arraigns Five Over Illegal Storage Of Diesel

The Economic and Financial Crimes Commission, EFCC, on Tuesday, October 30, 2012 arraigned five suspects before a Federal High Court…

Arik Air pleads with CBN over bank loans

Simon Ateba/Aviation correspondent Nigeria’s biggest airline, Arik Air, on Tuesday, begged the Central Bank of Nigeria, CBN, to allow banks…

Cocoa Farmers Get Free Seeds To Boost Output

In a bid to bring cocoa back to reckoning as an agricultural commodity of note, and to help farmers improve…

IT Security Group Rates Nigerian Online Businesses ‘Unsafe’

A global IT security, risk management and financial technology company, Wini Group, has rated most online businesses in Nigeria as…

Firm To Pay Consumers For Advert Review

Nigerians who spend hours online may be in for quick cash as a local ICT firm, Hexanet Solutions, has launched…

Flood Disrupts MTN’s Network Modernisation

The effort by MTN Nigeria to modernise it network has suffered a setback due to the ravaging flood in some…

Court Adjourns Ahmadu Ali son’s Trial

Henry Ojelu Justice Adeniyi Onigbanjo of the Ikeja High court today further adjourned the trial of son of former PDP…

Successful bidders for Nigeria’s power firms unveiled

Another milestone was recorded in the ongoing privatisation in Nigeria’s power on Monday with the announcement of the preferred and…

Corrupt oil sector: Jonathan asks for Ribadu report

Ayorinde Oluokun /Abuja President Goodluck Jonathan has directed that a comprehensive report of the Petroleum Revenue Special Task Force chaired…

Fashola inspects burnt Euro-Asia Plaza

Lagos State Governor, Mr. Babatunde Fashola (SAN), has visited Euro-Asia Plaza, the scene of Saturday’s fire disaster, in Central Lagos…

Fire Guts Euro- Asia Plaza In Lagos

Fire has gutted the multi-storey Euro-Asia Plaza in the popular Balogun Market on Lagos Island, southwest Nigeria. The cause of…
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