Telecoms and IT

VW Set to Pay $4.3b for Emissions Cheat

Volkswagen has agreed a draft $4.3bn (£3.5bn) settlement with US authorities over the emissions-rigging scandal.

The German car maker also said it would plead guilty to breaking certain US laws.

VW said it was in advanced discussions with the Department of Justice and US Customs about the deal.

The final agreement has yet to be approved by VW's management and supervisory board, which could happen later on Tuesday or Wednesday.

Tech Giant to Invest $1b in Massive New Development

Apple's latest tech investment may come with the added bonus of getting in Donald Trump's good graces.

Apple has confirmed that it is investing $1 billion in a massive new technology fund from Japan's SoftBank Group, which has recently drawn the attention of the president-elect.

"We've worked closely with SoftBank for many years and we believe their new fund will speed the development of technologies which may be strategically important to Apple," Josh Rosenstock, a spokesman for Apple, said in a statement provided to CNNMoney.

Amazon files Patent for Flying Warehouse

Amazon has filed a patent for massive flying warehouses equipped with fleets of drones that deliver goods to key locations, BBC reports.

Carried by an airship, the warehouses would visit places Amazon expects demand for certain goods to boom.

It says one use could be near sporting events or festivals where they would sell food or souvenirs to spectators.

The patent also envisages a series of support vehicles that would be used to restock the flying structures.

Amazon Air Force

Nokia Sues Apple for Infringing Patents

Nokia Corp said on Wednesday it had filed a number of lawsuits against Apple Inc for violating 32 technology patents, striking back at the iPhone maker's legal action targeting the one-time cellphone industry leader a day earlier, Reuters reports.

Nokia's lawsuits, filed in courts in Dusseldorf, Mannheim and Munich, Germany, and the U.S. District Court for the Eastern District of Texas, cover patents for displays, user interfaces, software, antennas, chipsets and video coding.

Rise in Data Tariff is for Competition –NCC

The Nigerian Communication Commission (NCC), on Friday said that the planned increase in data tariff by telecom operators was to create competition in the sector.

Ismail Adedigba, NCC Deputy Director, Consumer Affairs Bureau, stated this in an interview with the News Agency of Nigeria.

He said the decision to increase data tariff was to prevent the sector from becoming a monopoly whereby one service provider would be charging consumers arbitrary prices for data services.

U.S. Charges Nigerian with Role in Cyber Scam Targeting Thousands

A Nigerian man is facing U.S. charges that he participated in scams targeting thousands of victims globally in which company executives or vendors were impersonated in emails directing employees to make large wire transfers, Reuters reports.

David Chukwuneke Adindu, 29, pleaded not guilty in Manhattan federal court on Wednesday to charges including wire fraud, prosecutors said, more than three weeks after the FBI said he was arrested at a Houston airport.

Adindu's attorney could not be immediately identified.

Nigeria to Launch Government Information App

Nigeria will launch Federal Government Information App (FGIAPP) on Dec. 15, as part of efforts to enhance the dissemination of government activities.

The Minister of Information and Culture, Lai Mohammed, unveiled the planned launch said on Friday at a meeting with Resident Information Officers (RIOs) from Ministries, Departments and Agencies.

He said with the Information App, the government would leverage on the New Media to communicate government’s policies and programmes to the people all over the world.

Samsung Electronics to Consider Proposed Split

Samsung Electronics Co Ltd will consider splitting itself into two as proposed by U.S. activist hedge fund Elliott Management.

The South Korean company has been struggling to maintain its share value following the failure of its Note 7 brand of smart phones.

The split would allow the heirs of the company to strengthen their grip on the global smartphone leader, the crown jewel of the Samsung Group business empire.

Board of Directors of Samsung are to meet on Tuesday to consider the proposal by Elliott.

NCC to Expand Telecoms Services

The Nigerian Communications Commission (NCC) says provisions have been made in its 2017 budget to extend telecommunications services to additional 40 million people across the country.

The Executive Vice Chairman of the Commission, Umar Dambatta, made this known in Lagos during a sensitisation workshop organised by NCC for law enforcement agencies on telecommunications issues.

Dambatta, represented by the Director of Public Affairs, NCC, Tony Ojobo, said that the commission had conducted a survey, which identified about 200 communities nationwide with access gap.

Nigeria Ready for Greater Feats in Information Technology –VP

Speech delivered by the Vice President, Federal Republic of Nigeria, Yemi Osinbajo, at the E-Nigeria Summit, Organized by the National Information Technology Development Agency (NITDA) with the theme "Leveraging I.T. Innovation for Economic Diversification" held at the International Conference Centre, Abuja 22nd November 2016.