Yahoo has agreed to sell its core assets to telecom giant Verizon for $4.8bn, ending a 20-year run by the internet pioneer as an independent company. Verizon chief executive Lowell McAdam announced on Monday that Yahoo would be integrated into its recently acquired AOL unit to create “a top global mobile media company, and help […]
The Managing Director/Chief Executive of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has expressed concern over the increasing wave of non-performing insider loans in various banks and its consequence on the stability of the nation’s banking system. Alhaji Ibrahim expressed this concern while receiving the newly elected President and Chairman of Council of the […]
Verizon Communications Inc will announce an agreement on Monday to buy Yahoo Inc for about $5 billion, according to a person familiar with the matter. The announcement will come before the start of New York trading hours, the source added. The deal will end months of uncertainty about Yahoo’s future after the company announced plans […]
Despite the current economic downturn which is curtailing the revenue profile of major competitors in the e-commerce sector, Africa’s pioneer composite outfit Yudala has continued its impressive nationwide roll-out of Offline Experience Stores with the addition of three new outlets in Lagos, Enugu and Abia states respectively. The company has also concluded plans to launch […]
Media mogul, Rupert Murdoch will assume the role of CEO of Fox News and Fox Business Network on an interim basis, following the resignation of Roger Ailes on Thursday after a sexual harassment claim. Until his resignation, Ailes was the chairman and chief executive of Fox News channel. Reuters reported that Murdoch, 85, the Executive […]
The Asset Management Corporation of Nigeria (AMCON) under Ahmed Kuru appears to be fast losing grip of its mandate, which is to help businesses recover rather than destroy them. The Corporation has just has announced it had initiated steps to wind down MRS Holdings Limited over its inability to offset its N81 billion debt. This […]
In a direct demonstration of its leadership as Nigeria’s most customer-friendly telecoms operator, Etisalat, recently hosted customers on its network to a Customer Forum at Eemjim Hotel Uyo, the Akwa Ibom State capital. The regional Customer Forum is an interactive feedback session aimed at engaging customers to serve them better and deepen relationships. Etisalat began […]
By Amechi Obiakpu, Technology experts and ideas driven organisations as well as tech-savvy individuals will converge this weekend in Lagos, for the 2016 edition of Techplus, a technology conference and exhibition. Like its maiden edition held last year, Techplus 2016 according to organisers will focus on innovative ideas that drive businesses. The event is scheduled […]
The need to strongly market and patronise Made-in-Nigeria goods will be the main focus of the 22nd edition of the Nigerian Economic Summit scheduled for October this year, in Abuja. Budget and National Planning Minister, Senator Udoma Udo Udoma, who disclosed this on Monday while inaugurating the Joint Planning Committee (JPC) for the 22 Nigerian […]
The United States has urged Nigeria to increase funding of the agriculture sector to end poverty and build greater capacity. The Mission Director of the United States Agency for International Development (USAID), Mr Michael Harvey, made the appeal on Monday at a meeting with the Minister of Agriculture and state representatives at the US embassy […]