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    Kwara bans commercial vehicles, trucks on govt house road

    Kwara State Government has restricted some vehicle categories from using Ahmadu Bello Way, GRA, Ilorin, the state capital. This restriction notice was issued on Friday...

    Minimum wage: Workers decry hardship as seven states delay approval

    No fewer than seven states and the Federal Capital Territory have failed to approve the minimum wage expected to commence in October this year. This...

    Nigerian stars dominate Grammys Best African Music Performance category

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    LG to shut down mobile phone business

    The South Korean electronics manufacturer, LG is closing its loss-making mobile phone business.

    The board of directors approved the move on Monday, LG Electronics said in a statement released in Seoul.

    The shutdown of LG’s mobile phone sector is expected to be completed by the end of July.

    “LG’s strategic decision to exit the incredibly competitive mobile phone sector will enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, and artificial intelligence.

    “It will also focus on business-to-business solutions as well as platforms and services,’’ the statement added.

    LG wants to “continue to leverage its mobile expertise and develop mobility-related technologies such as 6G to help further strengthen competitiveness in other business areas’’.

    Core technologies developed during the two decades of LG’s mobile business operations are to be retained and applied to existing and future products, the company said.

    LG’s withdrawal from the smartphone business had been on the horizon for some time.

    The division has shown an operating loss for years.

    (dpa/NAN)

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