Business

Verizon acquires Yahoo for $4.8bn

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 […]

Brands & Promos

Yudala launches Surulere store, 2 others

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 […]

General

AMCON vs MRS, By Ishaku Aminu

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 […]