At last, Samsung scraps Galaxy Note 7 smartphone
Unable to continue to bear the uncertainties of its own product, Samsung Electronics Co Ltd has formally scrapped its flagship Galaxy Note 7 smartphone on Tuesday less than two months…
We granted approval for Visafone share transfer to MTN, not licence, NCC clarifies
A decision to transfer Visafone licence to MTN has not yet been taken. What has been approved in the transaction is 100% shareholding not licence. NCC final approval to the…
Buhari nominates two Justices of Supreme Court, seeks Senate’s confirmation
As two justices of the Supreme Court battle to save their names in the ongoing investigation of alleged cases of bribery and corruption, President Muhammadu Buhari has nominated Sidi Bage…
6,000 professionals to attend maiden West African International Petroleum Exhibition and Conference in Lagos
The Petroleum Technology Association of Nigeria (PETAN) has announced the launch of the inaugural West African International Petroleum Exhibition and Conference (WAIPEC) (www.WAIPEC.com) taking place 21-23rd February 2017 at the…
General Electric to stake $2 billion in Nigeria Railways
United States Industrial giant, General Electric has confirmed its “keen interest” in acquiring a Nigeria railway concession project worth around $2 billion, the company said on Monday. President Muhammadu Buhari…
2017 The Economist’s Nigeria Summit Shifts Focus on the Future of Nigeria’s Economy
Riding on last year’s successful summit, The Economist Events’ Nigeria Summit has stated that the 2017 edition will explore strategic opportunities available for Nigeria’s economic growth as she seeks solutions…
Hypocrisy as foreign clothes take centre stage at 22nd NESG Summit theme “Made in Nigeria”
The 22nd Nigerian Economic Summit (NESG 2016) themed “Made in Nigeria” kicked off Monday in Abuja but it turned out an exercise in hypocrisy as most of the guests including…
Nigerian banking industry in credit crisis, two banks close to being insolvent, Bloomberg report says
Nigeria’s banking industry is experiencing a “full-blown financial crisis” as failed fiscal and monetary policies lead to a credit crunch, according to Arqaam Capital. Unity Bank Plc and Skye Bank…
Arrested judges released, DSS blames NJC for Gestapo-style arrest, alleges NJC was shielding the suspects
The Department of State Service (DSS) has released the seven judges it arrested Friday and Saturday on administrative on self-recognisance. The DSS in a statement in Abuja confirmed that the…
MTN appoints regulatory affairs head after Nigeria fine
MTN Group Ltd. appointed Felleng Sekha to the newly created position of head of regulatory affairs, part of a management shakeup at the wireless carrier following a record $1 billion…
