Lenovo has announced that it will start the local manufacturing of smartphones in Sriperambudur, Chennai. For the current financial year, Lenovo and Motorola will generate a capacity of six million units.
African Power Sector Outlook Optimistic: PwC
Power utility companies and stakeholders across Africa anticipate a brighter and different outlook for the sector in the decade ahead, according to a new report from PwC.
Access Bank Reports N168bn Earnings in Half Year 2015
Access Bank Plc, a full-service commercial bank operating in Nigeria, Sub-Saharan Africa and the UK, has released its audited results for the first half ended 30 June 2015, showing positive growth in financial indices.The Group recorded a strong performance in the first six months of the year, re-asserting its capacity and resolve to deliver strong returns in spite of a tighter operating environment.
The Anti-corruption War: How Far Can Buhari Go?
From all indications so far, President Muhammadu Buhari is proving to be a man of his word. Indeed, it is worth recalling that throughout the period he contested for the presidency over the years and the 2015 electioneering campaign in particular, waging war on corruption was one of his key policy points.
A Vote for New NNPC
Change is constant! More importantly, positive change in a contemporary society is the ultimate goal of every community or nation. In Nigeria today, the one change that every lover of this country desires is that of the Nigerian National Petroleum Corporation (NNPC).
Oil Theft: FG May Revoke Licence of Indicted Banks
The Federal Government may revoke the license of money deposit banks indicted in warehousing proceeds from stolen crude oil in the country.
President Muhammadu Buhari had said in Abuja that the government has already identified banks and other financial institutions that took in deposits from proceeds of oil theft.
NAICOM Slams Sanctions On IGI Over Financial State
The National Insurance Commission (NAICOM) has slammed punitive sanctions on IGI Plc over the uncertain financial state of the company. The measure followed sustained apprehension in the insurance industry over the rumored financial health of IGI Plc in recent past, especially after the death of its founder, Mr. Remi Olowude.
Niger Delta Amnesty Programme: Yesterday, Today & Tomorrow!
The Niger Delta Amnesty Programme is still on course! That was the good news every citizen of the Niger Delta region, concerned Nigerians and multinationals in the oil & gas sector wanted to hear from the Seat of Power in Abuja.
That good news came via presidential statement announcing retired Brigadier-General Paul Boroh as the New Co-ordinator of the Niger Delta Amnesty Programme. He replaced Kingsley Kuku.
Umaru Danbatta: In the Footstep of Exemplary Regulatory Regime
The exemplary regulatory regime at the Nigerian Communications Commission (NCC) has received a further boost with the recent appointment of Dr. Umaru Danbatta as the new Executive Vice-Chairman and Chief Executive of the NCC.
Mohammed Kari: Berthing Leadership & Technical Expertise in NAICOM
President Muhammadu Buhari recently approved the appointment of Alhaji Mohammed Kari as the new Commissioner for Insurance and Chief Executive of the National Insurance Commission (NAICOM).
His appointment was conveyed vide a letter signed by the Head of the Civil Service of the Federation, Danladi Kifasi. He succeeds Mr. Fola Daniel whose second and final tenure as Commissioner for Insurance lapsed on Friday, July 31, 2015.
Emmanuel Ibe Kachikwu: The Dawn of Transparent Reform in NNPC
The above inspirational tune by Dr. Emmanuel Ibe Kachikwu, Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC) minutes after he took over the reins clearly underscores the key importance of his mission and desire to change the story of NNPC along the path of transparency and sustainable contribution to national economic growth.
How Nigerian Politics Rivals Nollywood for Drama
In our series of letters from African journalists, novelist and writer, Adaobi Tricia Nwaubani looks at why Nigerians are hoping to be entertained by a crackdown on corruption. Two major industries in Nigeria share similar elements of melodrama and wildly implausible plots -films and politics.
Time to End the Confusion of JAMB
The Joint Admissions and Matriculation Board (JAMB) was created with the best intention of ensuring seamless process of admission into universities in Nigeria by qualified candidates.
For many years, JAMB fulfilled this mandate with admiration and commendation, to the satisfaction of candidates and their parents. Then, JAMB was synonymous with excellence in examination practice-the process was simple and forward. And those that failed to make the mark did not complain, they simply knew they did not measure up to the challenge.
Technology Increasingly Shaping Africa’s Financial Sector
The African financial services industry is rapidly evolving as a result of advancing technology which is fueling innovation and growth in the sector.
While the sector is mature in most developed countries, it is less saturated in Africa, therefore offering many opportunities for new market entrants to challenge the status quo of how business has traditionally been conducted.
Magical Kenya: The Gateway to East Africa
Less than a year after opening terminal 1D, Jomo Kenyatta International Airport (JKIA) unveiled its gleaming new International terminal 1A in February of this year.
It marked the completion of a significant project which has increased the capacity of the airport by around 2.5 million passengers annually. The recent investments are expected to boost the airport to handle seven million passengers this year compared to 6.5 million last year, making one of Africa’s ten largest airports.