News Desk (Late Edition) Monday, August 18, 2008

Software giant plans expansion in Nigeria

LAGOS, Aug. 18 (Xinhua) -- World's third largest independent software vendor, SAP, has seen prospects in the Nigerian economy just as it plans to increase its market share in the country, according to the Lagos-based Punch newspaper Monday. MORE>>>

Awareness about phone recycles low in Nigeria, others – Nokia

A new global survey by Nokia has shown that there is low awareness about the fact that old mobile phones can be recycled, rather than keeping them idle at homes or throwing them away. Although a statement, which was released in July after the survey was conducted, MORE>>>

Nigeria oil region development agency head charged on graft

The police, in a statement, said Edem was arraigned before an Abuja high court Monday for stealing 800 million naira (6.7 million dollars, 4.4 million euros) of federal government money. MORE>>>

African Stocks: Kenya, Ghana Rally; Nigeria, Mauritius Slide

In Nigeria, the All-Share Index dropped 4.4 percent to 47,517.87, extending the previous week's 5.6 percent decline. The measure has slumped 18 percent this year. Japaul Oil & Maritime Services Plc, an oil-services company, led the decline, sliding 18 percent to 4.77 naira. Hallmark Assurance Plc MORE>>>