Apple faces lawsuits after saying it slows down aging iPhones

 Apple Inc (AAPL.O) defrauded iPhone users by slowing devices without warning to compensate for poor battery performance, according to eight lawsuits filed in various federal courts in the week since the company opened up about the year-old software change. The tweak may have led iPhone owners to misguided attempts to resolve issues over the More...

by metro | Published 3 weeks ago
Global stocks
By metro On Wednesday, December 27th, 2017

Stock futures edge higher in quiet holiday trading

U.S. stock futures edged higher on Wednesday, tracking global equities, which were buoyed by a surge in commodity prices. Prices of copper, a metal widely used in power and construction, leapt to three-and-a-half-year More...

By metro On Sunday, December 24th, 2017

Afreximbank, Islamic Corporation sign $100m loan deal for SMEs

The Islamic Corporation for the Development of the Private sector (ICD) and the African Export-Import Bank (Afreximbank) have signed a line of financing agreement for a USD 100-million facility. The facility will More...

Ifeanyi Ugwuanyi
By metro On Wednesday, December 20th, 2017

Enugu revenue board seals five hotels over N6.6bn debt

Ifeanyi Ugwuanyi Determined to recover the N6.6 billion owed the state in taxes by companies and organisations engaged in different businesses in the state, the Enugu State government on Wednesday sealed five hotels More...

Dangote Cement
By metro On Monday, December 18th, 2017

Dangote Cement shares trade in $350 mln off-market deal -traders

Dangote Cement Some 550 million shares of Dangote Cement were sold at 225.7 naira each on Monday in a one-off stock market deal valued at $350 million, traders said. Traders said it was negotiated in a deal between More...

By metro On Monday, December 18th, 2017

Dangote accuses BUA of stealing, illegal mining of limestone on its properties

Dangote Management of Dangote Group, over the weekend accused BUA of engaging in illegal mining of limestone deposited in its Mining Lease, No. 2541, located in a boundary town of Oguda/Ubo in Okene Kogi State. Dangote’s More...

By metro On Friday, December 15th, 2017

Bitcoin hits new record high as warnings grow louder

Bitcoin Bitcoin blasted to another all-time high of almost $18,000 on the Bitstamp exchange on Friday, up 9 percent on the day, as warnings grew over the risks of investing in the highly volatile and speculative More...

By metro On Thursday, December 14th, 2017

More French firms to invest in Nigeria–Delegation

L-R Deputy Governor of Imo, Prince Eze Madumere; Minister of Finance, Mrs Kemi Adeosun; Deputy Country Director, French Agency for Development; and French Ambassador Denys Gauer, during the signing of a bilateral More...

Oil prices
By metro On Thursday, December 14th, 2017

10 firms in trouble over $250m oil money

The House of Representatives Committee on Oil and Gas is investigating 10 oil companies for alleged failure to remit $250 million to the federal government. The committee has threatened to issue warrant of arrest More...

Kenyan Airways
By metro On Tuesday, December 12th, 2017

Aviation union grounds operations of Kenyan Airways

The National Union of Air Transport Employees ( NUATE) on Tuesday grounded the operations of Kenyan Airways at the Murtala Muhammed International Airport, Lagos  following prolonged disagreement between the union More...