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 […]
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 […]
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 […]
It is no longer news that the current economic crisis facing Nigeria has made it extremely difficult for most states across the country to remain afloat financially. The economic situation appears to be quite dismal, as 27 states have been unable to fulfil their basic financial obligations, especially paying workers’ salary. President Muhammadu Buhari has […]
Zenith Bank Plc has said its recently launched mobile banking solution is aimed at making banking simpler and interesting. The bank said it’s *966# Eazybanking solution, which was recently launched into the Nigerian market, will also complement the effort of the Central Bank of Nigeria (CBN) to build a cashless economy and enhance financial inclusion. […]
The Presidential Initiative on Continuous Audit has found discrepancies in the payroll of the Federal Government’s Ministries, Agencies and Departments to the tune of N5.7 billion monthly. The Head of the Continuous Audit Team, Mr Mohammed Dikwa, made this known in an interview with newsmen on Friday in Kano on the sideline of the two-day […]
The Federal Government said it would continue to ensure discipline and accountability in the spending of public funds. The Minister of Finance, Mrs Kemi Adeosun, made the remark at a two-day retreat on Revenue Generation in Kano on Thursday. NAN reports that the treat was organised by the Federal Ministry of Finance as part of […]