Category: Business

Apple’s Quarterly iPhone sales drop once again

The company posted $42.4 billion in revenue in the third quarter of FY 2016   The US tech giant sold 40.4 million iPhones in its third quarter, slightly above forecasts of 40.02 million. Apple chief executive Tim Cook said the results reflected “stronger customer demand… than we anticipated”. The firm…

PMB approves new board of directors for NNPC

President Muhammadu Buhari on Monday approved the composition of the new Board of Directors for the Nigerian National Petroleum Corporation (NNPC). This is in line the provision under Section 1(2) of the NNPC Act of 1997, as amended. The…

CBN dissolves Skye Bank board

The Central Bank of Nigeria (CBN) on Monday dissolved the Board of Skye bank and partially took over its operations. The development comes as the bank has been deemed ‘unhealthy’ and is a measure to…