STMicro, Ericsson split mobile chip unit
STMicroelectronics and Ericsson will close their loss-making mobile chip joint venture ST-Ericsson by dividing parts of the business between them and shutting the rest with the loss of about 1,600...
View ArticleManifold recommends printing solutions for cost management
Manifold Enterprises Solution Limited, an information technology group, has advised companies and IT experts on the use of ‘FollowMe’ to reduce production cost. ‘FollowMe,’ according to the group, is...
View ArticleSamsung manufactures more products for Africa
Samsung Electronics has continued to manufacture more products for the African market, with Nigeria as a major target. The Chief Executive Officer, Samsung Electronics Africa, Mr. K.K. Park, who...
View ArticleBritish farmers to count cost of rain
The impact of last year’s record rains will squeeze Britain’s farmers of livestock and arable crops well into 2014 and force makers of bread and biofuels to buy more costly imports, Reuters reported on...
View ArticleRift over funding prompted resignation of Fisker founder
The abrupt resignation of Fisker Automotive’s founder Henrik Fisker was prompted by disagreements with the company’s chief executive over funding and operational strategy, two people familiar with the...
View ArticleTransocean criticises Icahn’s strategy proposals
The board of Transocean Limited hit back at billionaire Carl Icahn in response to the activist investor’s demands for a larger dividend and directors charged with pursuing what the offshore driller...
View ArticleNSE stops operators from distributing market information
The Nigerian Stock Exchange has ordered operators in the Nigerian capital market to stop daily distribution of capital market information to clients and investors. This directive was part of the...
View ArticlePolice to flush out port miscreants
The police have vowed to rid the seaports of all miscreants and criminals to improve the operating standard of the business environment. Newly appointed Commissioner of Police, Nigerian Ports...
View ArticleCyprus parliament ready to veto deposit tax
Cyprus’s parliament was set to reject a divisive tax on bank deposits in a vote scheduled for Tuesday, pushing the island closer to a debt default and banking collapse, Reuters reported. A weekend...
View ArticleFAAN solicits entrepreneurs’ support for airport transformation
The Federal Airports Authority of Nigeria has said it is determined to work with entrepreneurs who have proven track records in their various business endeavours, in its quest to transform Nigerian...
View ArticleHuman resource optimisation, key to competition – CIPMN
Chairman, Chartered Institute of Personnel Management of Nigeria, Ilorin branch, Mr. Mohammed Aliyu, has said that it is imperative for managements of organisations to optimise their human resources to...
View ArticlePure monetary policy can’t sustain single-digit inflation –Analysts
Financial analysts have said that pure monetary policy will not sustain the inflation rate at a single digit as desired by the Central Bank of Nigeria. The Managing Director, Civic Investment Limited,...
View ArticleUBS departure deals Euribor fresh blow
UBS became the latest big name European bank to stop contributing to money market benchmark Euribor on Tuesday, dealing the credibility of the scandal-tainted lending rate a fresh blow, Reuters...
View ArticleSuzuki targets taxi market, others with Swift Dzire
The Suzuki family in Nigeria has been enlarged with the unveiling of another small passenger car, Dzire, on Thursday in Lagos. Authorised dealer/distributor of the Suzuki brand of automobile in the...
View ArticleDealers of substandard motorbikes face investigation
At least 46 dealers of motorcycles are currently being investigated for allegedly selling substandard 200cc motorbike to unsuspecting buyers. The Lagos State Commissioner for Transportation, Mr. Kayode...
View ArticleEBay hit over PayPal digital wallet fee
EBay Incorporated shares hit a new low for 2013 on Monday as concern mounted about the impact of a new “digital wallet” fee on the company’s PayPal business, Reuters reported on Tuesday MasterCard...
View ArticleComputer hacker jailed for stealing iPad user data
A computer hacker was sentenced on Monday to three years and five months in prison for stealing the personal data of about 120,000 Apple Incorporated iPad users, including big-city mayors, a TV network...
View ArticleFirm to test-run scanner at Seme border
An indigenous Destination Inspection service provider, Global Scansystems Limited has said it will start test-running the fixed scanner at Seme border post by April. The Managing Director of the...
View ArticleLagos targets 45% emission reduction from transportation
The Lagos State Government has said it is working on a proragmme to reduce by 45 per cent the Green House Gas emission being generated through the transport sector in the state. It said by 2030, the...
View Article1,000 youths trained in ICT, garment making
Some 1,000 youths in Abia State have been trained in garment manufacturing and Information and Communication Technology skills by the Industrial Training Fund and the National Industrial Skills...
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