Category Archives: Business News

Mobile Phone Short Messaging Service (SMS) Clock’s 25years

Sending and receiving text messages is pretty much second nature to us these days, an indispensable facet of our digital lives. And it all started 25 years ago, on this day… the birth of SMS.

Back in 1992, Vodafone’s software engineer Neil Papworth wrote ‘Merry Christmas’ to company director Richard Jarvis on December 3, on a breakthrough mobile communication technology that later came to be universally known as Short Messaging Service or SMS.

Why Nigerians Must Pay Higher Electricity Tariff – VP Osinabjo

Vice-President, Yemi Osinbajo has stated that paying higher tariffs in the power sector by Nigerians is inevitable as he spoke at the presidential business forum in Abuja on Monday.

VP Yemi Osinbajo

While speaking at the 6th Presidential Business Forum held at the old Banquet Hall of the Presidential Villa, Abuja, Vice President, Yemi Osinbajo on Monday, said payment of high electricity tariffs is inevitable for Nigerian electricity users.

Checkout The Most Expensive Model of Range Rover – SVAutobiograhy

The most expensive and luxurious Range Rover to hit the road has been unveiled. Priced at up to £177,000 for the 5.0-litre supercharged V8 model, the new Range Rover SVAutobiography is aimed at the business leaders on the move, who are more likely to be driven than drive themselves.

See Why Businesses Are Leaving Abuja

Firms are leaving the capital city but if the authorities can reduce the taxes, and boost power supply and security, among other measures, investors will reconsider, JIDE BABALOLA writes.

Unnecessary friction between government agencies, corruption and multiple taxation by Federal Capital Territory (FCT) agencies are major discouraging signals for Nigerian and international investors in Abuja, Mr Benson Ezem, an architect, has said.

Nigeria Government Set To Sell TBS, National Arts Theatre, Others

The Tafawa Balewa Square (TBS), the National Arts Theatre and some selected power plants under the National Integrated Power Projects (NIPP) are part of the key national assets the Federal Government has concluded plans to sell, House of Representatives’ members were told yesterday.

The purpose of the proposed sale is to generate sufficient revenue to finance the country’s annual budgets for the next three years (2018-2020).

FG Gave Us ‘Fake’ Inputs, Say Nigeria Cocoa Farmers

Cocoa farmers yesterday raised the alarm over alleged procurement of ‘fake ‘chemicals and other inputs for its members by the Federal Ministry of Agriculture.

The inputs, particularly fungicides, according to Cocoa Farmers Association of Nigeria (CFAN), have destroyed several cocoa trees and farms.

British Airways introduces fantastic fares

British Airways, international flag carrier in the United Kingdom, has introduced a promo for travel savvy individuals this end of the year. British Airways customers and the general public will be able to take advantage of the fantastic fares for flights from Lagos and Abuja to UK and Europe.

The slashed fares will start from $402 for Economy, $930 for World Traveller Plus and $1650 for Business Class. The naira value will of course depend on the prevalent exchange rate.

British Airways Regional Commercial Manager, West Africa, Mr Kola Olayinka, said, “Bookings made during the promotion period will be eligible for a travel period between 17th of November, 2017 up till 31st March, 2018 for outbound flights.”

Lagos State To Get 24-Hours Power Supply In 2018 -Governor Ambode

Lagos State Governor Mr Akinwumi Ambode had disclosed that plans are under way to generate constants electricity power supply for inhabitants of the state come 2018.

Ambode noted that the state government had already devised strategies to short-circuit power generation, transmission and distribution to ensure there was “ constants power supply to residents.”