Entrepreneurs of Nigeria (YEN) is set to host entrepreneurship summit for the youth tagged, “Youth Empowerment Summit 2017 (YES2017)”, across the six geo-political zones of the country. The summit is an annual gathering of Nigerian young entrepreneurs and youths at all stages of business development to discuss and x-ray the challenges and solutions proffer to […]
iPhone chip supplier Qualcomm Inc (QCOM.O) faces a new set of antitrust allegations from a group of four companies that assemble the iPhone and other products on behalf of Apple Inc (AAPL.O). Foxconn parent Hon Hai Precision Industry Co (2317.TW), Wistron Corp (3231.TW), Compal Electronics Inc (2324.TW) and Pegatron Corp (4938.TW) alleged that Qualcomm violated […]
The Standards Organisation of Nigeria on Tuesday sealed the premises of Samsung West Africa in Victoria Island, Lagos, for failure to register some of its products being marketed in Nigeria. Head of Public Relations of SON, Mr Bola Fashina, disclosed this in a statement in Abuja. Fashina said that the action was in accordance with […]
Uber Technologies Incorporated has sealed a pact with Germaine Auto Centre-a Nigeria-based auto service and maintenance company to provide maintenance services to its driver-partners. With the partnership, Uber driver-partners operating in Lagos can have their cars maintained and serviced at a world-class auto facility at a stipulated fee. The relationship between both companies, according to […]
General Motors Co (GM.N) and Japan’s Softbank Group Corp (9984.T) are among the latest investors in Nauto, a Silicon Valley startup developing software for self-driving vehicles. Nauto, based in Palo Alto, said on Tuesday it closed a $159 million Series B funding round, led by Softbank and venture capital firm Greylock Partners. Previous investors included […]
The Lagos State government has said it is committed to the relocation of Computer Village from Ikeja and denied approving the construction of an ICT Mall in its place. In a statement on Tuesday, the Commissioner for Physical Planning and Urban Development, Mr Wasiu Anifowose said the government was not involved with Master Plan Reality […]
Gov. Abdulfatah Ahmed of Kwara on Tuesday said his government would soon establish an export processing zone in the state. Ahmed made this known on Tuesday in Ilorin while receiving management of the Bank of Industry (BOI) led by its Managing Director and Chief Executive Officer, Mr Olukayode Pitan. According to him, the processing zone […]
The Canadian High Commissioner in Nigeria, Mr Christopher Thornley, said that the empowerment of women was key for any country to achieve poverty reduction and economic growth. Thornley made the statement in Abuja on Tuesday at the National Women Business Summit organised by the Association of Nigerian Women Business Network (ANWEN). He spoke on the […]
Toshiba Corp shares jumped by nearly a fifth on Tuesday after a U.S. hedge fund said it had added a stake and the Japanese conglomerate avoided an immediate court injunction on a planned $18 billion sale of its chip business. Toshiba is scrambling to complete the sale of its chip unit to help cover billions […]
The National Agency for Food, Drug Administration and Control (NAFDAC), Abia office, says it has arrested four men in Aba for allegedly revalidating beverages. Mr Olisa Okeke, the Abia Coordinator of NAFDAC, made this known on Tuesday in Abuja in an interview with the News Agency of Nigeria (NAN). He said that the arrested men […]