BUSINESS
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Etisalat pays 42% of loan, not under probe
According to nan reports, embattled telecom company Etisalat has repaid 42 per cent of the debt owed Nigerian banks and…
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Car Manufacturers Ford recalls 15,600 cars in South Africa over fire risk
Ford Motor is recalling nearly 16,000 Ikon and Figo models in South Africa due to a potential fire risk. Ford…
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NB plans to increase local raw materials sourcing from 57% to 60% come 2020
The Nigerian Breweries (NB) Plc has said that it was making plans to increase sourcing of raw materials like sorghum,…
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Etisalat denies being under probe, repays 42% of debt to bank
Etisalat has repaid 42 per cent of the debt owed Nigerian banks and is not owing the humongous $1.2 billion,…
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Consortium of banks to finally takeover Etisalat
Amidst the recent move to takeover Etisalat by a consortium of banks, the Nigerian Communications Commission (NCC) has assured subscribers…
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Uber CEO Travis Kalanick steps down after facing months of crisis
Uber Chief Executive Officer, Travis Kalanick has resigned. Following CNN’s reports that his resignation followed a series of PR controversies…
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Nigeria mulls intervention to rescue Etisalat
Embattled Etisalat Nigeria, a telecom giant, may get respite as key institutions are reported to be finding a solution to…
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Aviation industry threatened by shortage of pilots
The worldwide commercial aviation industry would need an extra 255,000 pilots by 2027 to sustain its rapid growth according to…
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Etisalat Nigeria loan restructuring talks fail
Etisalat has been instructed to transfer its 45 percent stake in Etisalat Nigeria to a loan trustee after debt restructuring…
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Airbus A380 unveils new design on wings for better efficiency
France’s Airbus has unveiled plans to upgrade the world’s biggest passenger jet, A380, promising greater fuel efficiency and room for…
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