Business
Facebook suspends 200 apps
About 200 apps have been suspended by social media giant, Facebook Inc in the first stage of its review into apps that had access to large quantities of user data, a response to a scandal around political consultancy Cambridge Analytica. The apps were suspended pending a thorough investigation into whether…
Read More »Organisers move Nigerian People’s Choice Awards to December
Organisers of the Nigerian People’s Choice Awards (TNPCA), have rescheduled the event to December 2018. Originally slated for May, 2018, the event which is the maiden edition, according to the organisers is to enable more stakeholders pan Nigeria participate actively in the highly significant awards. According to the organisers, the…
Read More »African companies record steady growth amidst difficult macro environment
African businesses are recording a steady growth despite difficult macro environment, a report by PwC has indicated. In 2017, approximately $13.5 billion was raised in the equity capital markets in Africa or by African companies in non-African capital markets, a 49% increase from 2016, according to PwC. Similarly, $7.5 billion…
Read More »Steve Wozniak leaves Facebook
Apple co-founder Steve Wozniak told USA TODAY he’s leaving Facebook out of growing concern for the carelessness with which Facebook and other Internet companies treat the private information of users. “Users provide every detail of their life to Facebook and … Facebook makes a lot of advertising money off this,”…
Read More »EEDC dissociates self from Solar Panel distribution
The management of Enugu Electricity Distribution Company (EEDC) has dissociated itself from Solar Panel sales and distribution and thus cautioned its customers to be mindful of activities of some unidentified persons parading as staff of EEDC. The unidentified persons, according to the electricity distribution company, visit homes of unsuspecting customers,…
Read More »Sabrina hailed for supporting Oke’badan Festival
Sabrina, a premium extra dry gin from the stable of Euro Global Foods and Distilleries Limited has been applauded for promoting the rich cultural heritage of Ibadan people through the sponsorship of Oke’badan Festival. Chief Ifasola Ifamapowa, the Aboke of Ibadanland, customers and music artiste gave the applaud during a…
Read More »Justice served: 25-year old gets 3 years jail term for vandalising EEDC property
A Federal High Court of Nigeria, Owerri Judicial Division, on Friday March 23, sentenced one Chidiebere Duru for vandalising the property of Enugu Electricity Distribution Company (EEDC). Duru, 25, an indigene of Umuafai, in Ideato South Local Government Area of Imo State was handed the jail term for unlawfully tampering…
Read More »Uber car records first casualty, kills woman crossing the street
An Uber self-driving car hit and killed a woman crossing the street in Arizona, police said on Monday, marking the first fatality caused by an autonomous vehicle and a potential blow to the technology expected to transform transportation. The ride services company said it was suspending North American tests of…
Read More »Lufthansa Group achieves best result in its history
German airline, Lufthansa Group has recorded an unprecedented feat after the giant airline posted a total revenue amounting to EUR 35.6 billion in 2017. The company said in a statement that the feat resulted from past efforts. “Our endeavors of the past few years are paying off. Our modernization has…
Read More »We are building world class businesses in Nigeria- Sona Group boss
By Amechi Obiakpu In a country where businesses are struggling to stay afloat as a result of harsh economic situation and poor patronages, Sona Group of Industries seemed insulated from the vagaries of Nigeria business climate as it has gone ahead to build strong businesses in the country. Group Chief…
Read More »
