Business News

BlackBerry loss less than feared, but revenue plunge worries

BlackBerry Ltd reported a smaller-than-expected loss on Friday as new chief executive John Chen slashed costs, but a 64 percent drop in revenue underscored the challenge he faces in turning around the struggling smartphone maker. The Canadian company, which has lost most of the smartphone market to Apple Inc’s iPhone […]

UBA Announces Resignation of Two Directors

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-One of Nigeria’s leading lenders, United Bank for Africa Plc, (UBA) Wednesday announced the resignations of Emmanuel Nnorom and Abdulkadir Bello as non-executive directors. The bank in later dated March 25, 2014 and signed by Bili Odum, group company secretary to the bank said the […]

Facebook to buy virtual reality goggles maker for $2 billion

Facebook Inc will acquire two-year-old Oculus VR Inc, a maker of virtual-reality glasses for gaming, for $2 billion, buying its way into the fast-growing wearable devices arena with its first-ever hardware deal. The acquisition, which comes hot on the heels of its $19 billion deal for messaging service WhatsApp, marks […]