Software giant, Microsoft announced Wednesday it would lay off 1,850 people from its smartphone business. This, according to the Redmond-based company is to enable it streamline its IT. Microsoft said it would write down $950 million, of which $200 million would go to severance payments, in the fourth quarter this fiscal. The job cut, according […]
After a successful first season, popular children series, ‘Kids Say the Darndest Things’, is back for a second season. Powered by Cliqlite from Etisalat Nigeria, Kids say the Darndest Things is a platform dedicated to test the intelligence of children. Head, Events & Sponsorships, Etisalat Nigeria, Modupe Thani, said in a statement that the company’s […]
Fidelity Bank Plc, one of Nigeria’s top banks in terms of capital adequacy ratio (CAR) has handed over the keys and title deeds of a gorgeous 4-bedroom duplex to Mrs. Clara Ego Ibedu, who emerged star prize winner in the sixth draw of the Save 4 Shelter Savings promo. Built with a stylish and tranquil […]
Nigeria’s gross revenue crashed to N213.817 billion in the month of April 2016, a communique released by the Federation Accounts Allocation Committee (FAAC) and signed by the Accountant-General of the Federation, Alhaji Ahmed Idris, disclosed. The communique released Wednesday in Abuja indicated that the revenue for the month was lower than the N232.619 billion received […]
Owing to low oil prices and its takeover of smaller rival BG Group, Royal Dutch Shell on Wednesday said it was cutting at least another 2,200 jobs. “Shell staff have today been informed about the progress being made on integrating BG into the company, and on further measures that are necessary to ensure Shell is competitive […]
The Economic and Financial Crimes Commission (EFCC) on Tuesday successfully secured the conviction of one Agumandu Christopher Nnamdi, before Justice F.N. Yunusa of the Federal High Court Enugu, Enugu, on a count charge bordering on money laundering. The convict was arrested by a team of Presidential Trans-border Task Force of the Nigeria Customs Service on […]
By Mayowa Okekale, Abuja President of the Senate, Bukola Saraki, on Tuesday said the reform of the nation’s railways system is critical to the much needed economic revival in the country even as he reiterated the commitment of the 8th Senate towards the passage of the National Railways Commission Bill before the end of the […]
Enugu State Government says that its Internally Generated Revenue (IGR) has risen from N450 million to N700 million monthly due to improved collection system. The Commissioner for Finance and Economic Development, Mrs Eucharia Uche-Offor, disclosed this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Enugu. Uche-Offor said that the increase […]
The Central Bank of Nigeria has decided to introduce a flexible exchange rate policy as it continues to monitor developments in the economy. This announcement was made on Tuesday by the CBN Governor, Godwin Emefiele, at the end of the two-day rate setting meeting by the Monetary Policy Committee (MPC) in Abuja. A communiqué issued […]
Popular comedian, Bill Cosby has been ordered to face trial on accusations of sexual assault by a Pennsylvania judge. Judge Elizabeth McHugh who made the order on Tuesday, found that prosecutors presented enough evidence to support allegations that he drugged and assaulted a woman in 2004. The judge rejected arguments from Cosby’s defense lawyers that […]