Companies

Sanction: MTN To Down Size Workforce By 50%

Unless major mobile telephone operator MTN Nigeria secures a reasonable reduction in the recent N1.04 trillion fine slammed on it by the Nigerian government, the company is mulling a considerable downsizing of its work force by a whooping 50% reduction to be able to remain in business, it was gathered at the weekend. Insider sources […]

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Would Anyone Want To Buy Yahoo

What is it about Yahoo that makes it worth buying? The company is said to be exploring a sale of some of its most important properties, which aren’t growing as quickly as some investors have hoped despite a years-long effort by chief executive Marissa Mayer to engineer a revival of the Internet giant’s brand. Now, […]

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S’Africa minister speaks on MTN’s Nigeria fine

Mobile network MTN [JSE:MTN] hasn’t yet asked South Africa’s department of telecommunications and postal services for help in regards to its multi-billion dollar fine in Nigeria. This was according to Minister Siyabonga Cwele in an interview with Fin24. MTN announced on October 26 that the Nigerian Communications Commission (NCC) had fined it $5.2bn for failing […]

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LCCI lauds turnout, conduct at Lagos 2015 Trade Fair

The Lagos Chamber of Commerce and Industry (LCCI) on Saturday expressed satisfaction at the turnout and conduct of exhibitors at the 2015 edition of the Lagos International Trade Fair. Dr Michael Olawale-Cole, the Chairman, Trade Promotions Board of the LCCI, disclosed this during a news conference to evaluate the activities of the ongoing trade fair […]

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