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Zinox to complete ICT mall by 2016

Africa’s largest ICT product mall being built by the Zinox Group will be unveiled by 2016, the Chairman, Zinox Group, Chief Leo Stan Ekeh, has said. Another brainchild of the Zinox boss, the ICT mall...

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FG endorses BrainFriend software for schools

The Federal Ministry of Education has approved the Cinfores BrainFriend electronic learning and examination preparatory software as a tool for the enhancement of teaching and learning methods in...

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Terrorist attacks on policemen, others drive up insurance claims

The increasing demand for insurance claims by widows and dependants of slain police and other paramilitary officers in terrorist attacks in the country has led to a significant rise in the claims...

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Oando raises N55.2bn in rights issue

Oando Plc raised N55.2bn in its recently concluded rights issue. A statement from Oando on Monday noted that the company recorded  an over  subscription as it had issued 4.548 billion shares to...

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UBA Capital’s Q1 profit rises to N617bn

UBA Capital Plc has reported a profit before tax of N617bn for the first quarter ended March 31, 2013. The company’s profit, which stood at N198bn in March 2012, rose by N419bn or 211 per cent to...

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Yahoo to buy Tumblr for $1.1bn

Yahoo Incorporated will buy blogging service Tumblr for $1.1bn cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its...

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Seamless, GrubHub set for merger

Rival online takeout services Seamless North America and GrubHub on Monday announced plans to combine and create a new company covering more than 20,000 restaurants in 500 cities across the United...

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NCC seeks more investment in telecoms industry

The Nigerian Communications Commission has called for more foreign and local investments in the country’s telecoms sector, assuring that investors are duly protected by existing telecoms laws. The...

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Benchmark lending rate reduction’ll boost economy – Okonjo-Iweala

The Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Monday said the economy would benefit from interest rate easing. The minister, however, said it was likely the Central Bank of Nigeria would keep...

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Former Nokia employees show off first Jolla smartphone

Finland based smartphone start-up, Jolla, has started taking pre-orders of its first handset, based on its own Sailfish Operating System. The company was founded by a number of former Nokia employees...

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Skye Bank to invest $150m in power sector

Skye Bank Plc has announced its plans to invest up to $150m in the power sector before the end of this year. The Group Managing Director, Skye Bank, Mr. Kehinde Durosinmi-Etti, said that about 17 per...

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London shares hit 12-year high

The FTSE 100 has closed at its highest for 12 years as investors seek better returns on shares than they can get on bonds and other savings. The British Broadcasting Corporation reports that the index...

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ASUS introduces Fonepad to aid digital communication

Global notebook vendor, ASUS, is building on the success and critical acclaim of its Android Transformer tablets and PadFone smartphones, to unveil Fonepad, which is a new range of devices that...

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Cisco introduces product to simplify network design

Cisco has introduced new solutions under the Cisco Unified Access umbrella that simplifies network design by converging wired and wireless networks. This, the firm said, will help simplify network...

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Senate insists on powers to tinker with budgets

The President of the Senate, David Mark, has said the National Assembly’s input in national budgets is based on the powers given to it by the Constitution. He spoke at a workshop for civil society...

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ICT skills, critical to development – NITDA boss

The Director-General, National Information Technology Development Agency, Prof. Cleopas Angaye, has said possession of Information and Communications Technology skills is a critical need for the much...

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iGate sacks CEO over undisclosed relationship

Information Technology  outsourcing company iGate Corporation said it had sacked its chief executive, Phaneesh Murthy, for not disclosing a relationship with a subordinate after investigating one of...

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Mercedes-Benz’s new E-Class sets benchmark in luxury

The E-Class is easily the most important car from the stable of Mercedes-Benz, going by the considerable attention and mention it enjoys from the manufacturer, reviewers and lovers of luxury vehicles...

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Ibeto begins payment of Nigercem workers’ retirement benefits

Ibeto Cement Company has announced the commencement of payment of the outstanding retirement benefits for former employees of the Nigerian Cement Company Plc. The company said in a statement made...

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E-Recruitment can solve selection challenges – Dragnet MD

The Managing Director, Dragnet Solutions, Mr. Rober Ikazoboh, has said lack of standards and the poor adoption of technology were part of the causes of recruitment challenges in the public sector. A...

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