Boeing Co (BA.N) reported a 53% drop in quarterly profit on Wednesday and had a negative free cash flow of $2.89 billion in the quarter, compared with a positive free cash flow of $4.10 billion a year earlier. Core operating earnings fell to $895 million or $1.45 per share, from …
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NEGOTIATIONS for over $150 million Chinese loan for procurement of back-up satellite in the orbit by the Nigerian Communications Satellite Limited (NigComSat), might have been abandoned due to technical hitches, it was learned on Tuesday. The backup satellite is meant to strengthen the commercial operations of NigComSat and was one …
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Samsung Electronics Co Ltd has updated software to fix problems with fingerprint recognition features on its flagship Galaxy S10 and Note 10 smartphones, it said on Wednesday. Samsung issued an apology through its customer support app Samsung Members and told its Galaxy phone users to update their biometric authentication to …
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The Federal High Court, Abuja, on Wednesday, ordered the Inspector General of Police, Mohammed Adamu, and the Police Service Commission to maintain status quo on the ongoing recruitment of 10,000 officers. Justice Inyang Ekwo gave the order at the hearing of the case brought by the PSC against the IG. …
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President Muhammadu Buhari has congratulated Canadian Prime Minister Justin Trudeau on his election victory. The President, according to a statement by the Special Adviser on Media and publicity, Chief Femi Adesina, also felicitated with the Liberal Party of Canada and Canadians generally on the outcome of the Federal election in …
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The National Assembly Joint Committee on Ethics, Privileges and Public Petitions on Tuesday asked anti-graft agencies to probe a contractor who abandoned a project since 2015 after collecting N1.5bn mobilisation fee. The contractor was said to have abandoned the construction of the headquarters of the Code of Conduct Bureau in …
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At least one person has died in a multiple-car crash on the Otedola Bridge section of the Lagos-Ibadan Expressway. The accident, which occurred on Wednesday morning, involved a containerised truck and several cars. READ ALSO: Russia aims to double trade with Africa in five years, says Putin The Lagos State …
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President Vladimir Putin said on Wednesday that Russia would aim to double trade with Africa over the next five years, at the opening of a summit aimed at reviving Moscow’s ties with the continent. “We currently export to Africa $25 billion worth of food — which is more than we …
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A judge of the Federal High Court, Akure, Justice Abdul Dogo, has been kidnapped. Justice Dogo was abducted on Tuesday by unknown gunmen while he was returning to Akure from Abuja. The Nation learned that the kidnappers have made contact and demanded N50 million to release their abductee. It was …
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The Nigerian Citizens Association in South Africa has condemned fresh attacks on Nigerian-owned businesses located in Witbank Mpumalamga in South Africa, saying it is worrisome. The President of NICASA, Mr Ben Okoli, who made this known in a telephone interview with News Agency of Nigeria on Wednesday, described the attack as a …
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