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Why Investors Shunned The NCC’s Broadband Spectrum Auction

Operators seek 30 per cent slash in cost Telecommunications operators on Monday in Lagos, revealed reasons behind the low investors’ response that greeted the auction conducted by the Nigerian Communications Commission’s (NCC) in the 2.6GHz spectrum earlier in the year. The 2.6GHz spectrum is a broadband spectrum. It will be …

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Bosch Group Plans Training Centre In Nigeria Before December

To further facilitate and support its customers, consultants and end-users in the North, West, East and Central African region, Bosch Security Systems has established a training centre in Morocco and will open a new one in Nigeria by year end, where its specialists and trainers would offer an extensive training …

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Federal Government Invests N7.5 Billion, Set To Roll Out Affordable Vehicle Credit Purchase Scheme

Millions of Nigerians will soon be able to afford new cars as the Federal Government, through the National Automotive Design and Development Council (NADDC), is putting in place a vehicle credit purchase scheme that will enable Nigerians buy locally assembled cars at low interest rates with payment period spread over …

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Commentary: China walks the talk to share key growth lesson with Africa

The inauguration of a Chinese-built Ethiopia-Djibouti railway in Africa is a vivid proof that China is walking the talk, sharing one of the key lessons it has gained following decades of reform and opening up to the outside world. That is, as the Chinese saying goes, if you want to …

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Samsung told to pay Apple $120 million in patent row, court rules

Apple won an appeals court ruling that reinstates a patent-infringement verdict it won against Samsung, including for its slide-to-unlock feature for smartphones and tablets. In an 8-3 ruling, a US appeals court said a three-judge panel was wrong to throw out the $119.6 million (£96m) verdict in February. Instead, it ordered the trial …

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Yahoo’s spying billboard: It would ID you, watch and listen to your reactions to ads

Yahoo is exploring a smart billboard that would use microphones, cameras and other sensors to bring targeted advertising to outdoor displays. Hacked web giant Yahoo has filed a patent application for the ultimate ad-targeting system: a billboard that uses sensors to watch, listen and capture biometric data from the passing …

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Travellers out of Nigeria get dollar for N356 at MMIA

Travelex, a global foreign exchange dealer, on Friday resumed sale of dollars directly to travellers at N356 to a dollar. The News Agency of Nigeria (NAN) reports that the firm’s office inside the Murtala Muhammed International Airport, Lagos terminal was besieged by hundreds of travellers. Some Bureau de change operators …

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