ZTE sees $343m loss after $1bn US settlement
Chinese vendor ZTE, just hours after announcing a near $1 billion settlement with the US government, issued its guidance for 2016, with a projected net loss of CNY2.36 billion ($343…
Customs dares Senate, to go ahead with swoop on automobiles over duties
Despite the resolution by the Senate to halt the planned Nigerian Customs Service nationwide swoop on vehicles without duties, the Customs is going ahead with the plan. Rather than address…
MTN South Africa CEO quits in latest management upheaval
MTN South Africa CEO Mteto Nyati will leave the company on 13 March and is set to be replaced by the group’s current VP Godfrey Motsa. In a filing on…
Bloody Wednesday as five die in Osun Yoruba-Hausa community fight
A bloody fight between two ethnically opposing communities in Sabo Are of Ile- Ife in Osun state has claimed five people. Trouble reportedly started Tuesday night when a Yoruba trader…
MTN South Africa CEO quits in latest management upheaval
MTN South Africa CEO Mteto Nyati will leave the company on 13 March and is set to be replaced by the group’s current VP Godfrey Motsa. In a filing on…
FG’s economic recovery plan to focus on productivity, to be launched by Buhari
President Muhammadu Buhari is to launch Nigeria’s Economic Recovery and Growth Plan (ERGP), a road map for economic recovery, growth and sustainable development when he returns to the country. The…
Dasuki’s former aide, Ashinze, to know fate March 21 on admissibility of evidence
Federal High Court in Abuja will on March 21 rule on whether to admit in evidence the statement of Col. Nicholas Ashinze, in a charge brought against him by the…
Thieves in ‘police car’ steal $2m cash in South Africa airport heist
Suspected bogus police stole an estimated US$2-million in cash in a daring late night robbery at Johannesburg’s O.R. Tambo International Airport. The heist occurred when “police” stopped GuardForce personnel as…
CBN pumps additional $100m to ease forex pains
The Central Bank of Nigeria (CBN) has further injected another sum of $100m into the interbank foreign exchange market, while Operators of Bureau de Change Outlets (BDCs) are complaining of…
Senate stops Customs from collecting duties on old vehicles
The Senate has warned the Nigerian Customs Service (NCS) not to collect duties on old vehicles. In its resolution, the Senate said that Customs should drop the proposed move until…
