Author: Staff Writer

Custodian Investment has signed a binding agreement to acquire a 51% stake in UACN Property Development Company (UPDC), a real estate company owned by UACN. This disclosure was contained in a statement issued by both companies on the Nigeria Stock Exchange (NSE) on Monday. “This agreement marks the beginning of…

OPPO officially launched the OPPO A92 smartphone and the Enco W31 wireless earphones into the Nigerian market on Monday. The launch was done virtually due to the movement restriction caused by the COVID-19 pandemic. OPPO, is a Chinese consumer electronics and mobile communications company headquartered in Dongguan, Guangdong. The OPPO…

Microsoft has announced that it would be pursuing the acquisition of TikTok in US taking into consideration the security concerns of the US government. In a corporate blog post released on Sunday, Microsoft said that it is committed to acquiring TikTok subject to a complete security review and providing proper…

President Trump says he is banning TikTok from operating in US. Speaking with reporters Friday night even after news that Microsoft was in talks to buy TikTok operations in the US, he said, “As far as TikTok is concerned, we’re banning them from the United States.” When asked when this will…

Apple Inc is now the most valuable company in the world with a valuation of $1.84 trillion, while Saudi Aramco’s is $1.76 trillion as at the end of trading on Friday. On Thursday, Apple announced a revenue of $59.7 billion for its fiscal third quarter, blasting expectations and showing growth…

In its unaudited results for six months ended June 30, 2020, MTN Nigeria achieved a 12.6% growth in service revenue year on year, N638 billion in 2020 compared to N566.9 billion reported same period last year. As expected with the COVID-19 pandemic, most of revenue lines experienced a positive growth…

Whether you have been charged with a crime or you’re going through a divorce, you will find yourself working closely with an attorney. In many cases, the quality of your life and what you can expect from your future is literally in their hands. Having a positive, supportive relationship with…

A teenager has been arrested along with two others for the July 15 Hack of high profile Twitter accounts which included the likes of Bill Gates , Elon Musk, Jeff Bezos, Kanye West, President Barack Obama, Joe Biden, Michael Bloomberg, Wiz Khalifa, Warren Buffett and Apple. After investigation, Twitter said 130…

Microsoft is said to be in talks to buy TikTok’s operations in America even Trump’s administration is weighing on China-based ByteDance Ltd. to divest its stake in TikTok’s U.S. operations. Trump administration officials say that they have been concerned that TikTok poses a threat to national security and may be…

Strive Masiyiwa is seeking to sell between 20 – 34% of his shares in Liquid Telecom for as much as $600 million to repay a $375-million loan incurred in the setup of Kwese TV. Kwese flopped because of the economic crisis in Zimbabwe which resulted in the company’s inability to…

Chinese tech giant Huawei has emerged the leader for the first time in the worldwide smartphone market. This feat was achieved in Q2 sales despite troubles the vendor has been having in the US and with US related companies. According to the latest from Canalys, this marks the first quarter…

Twitter temporarily suspended the Twitter handle of Dr Stella Immanuel @stella_immanuel, for violating the company’s coronavirus misinformation policy. Apparently Dr Stella Immanuel posted a video online touting Hydroxychloroquine as a cure for the coronavirus. Dr Stella Immanuel and a group of doctors calling themselves America’s Frontline Doctors, also dismissed the…

Tech giant Microsoft announced that its new screen time and parental controls app, Microsoft Family Safety app will start rolling out on iOS and Android. It is supposed to create healthier habits for kids. Microsoft talked about this new app earlier in the year when it unveiled its 365 Office package and…

Now you may ask; “What has a tech company, Eastman Kodak, got to do with COVID-19 drugs or vaccines? Well, news emerged yesterday that the US government under President Donald Trump is giving Eastman Kodak $765 million to produce vital coronavirus-related pharmaceutical components. Anyone familiar with business case studies would…

In this era, technological advancements are occurring at a very rapid pace; thus, the businesses are opting for such options that connect them with the world. And nothing else can help an individual than the advantage of automation. If you’re looking for working in the software development and design area,…

Remitly has announced an $85 million financing round led by PayU joined by returning partners DN Capital, Generation Investment Management, Owl Rock Capital, Princeville, Stripes, Threshold Ventures, and Top Tier. Remitly is an international digital remittance company established in 2011 and headquartered in Seattle, USA. It transfers over $6 billion…

Dubai based Network International Holdings Plc announced that it has entered into an agreement to acquire Kenya-based Direct Pay Online (DPO) Group for $228 million. The consideration will be almost entirely funded through the proceeds from an equity placing representing 10.0% of the Company’s existing issued share capital, USD50 million…

The cleaning industry is booming. Both the domestic and corporate sectors are expected to grow substantially in the next six years, and companies can look forward to increasing their revenues and hiring more employees. If you run a small or medium-sized cleaning business, it’s imperative that you prepare yourself for…

Airtel Africa, one of the major mobile telecoms companies in Africa, has released its Q1 results for the period ended June 2020. The company posted an on-year revenue growth of 6.9%, with constant currency growth of 13.0%. This was largely driven by an 11.8% growth in its customer base (YoY)…

Audiomack, a free music sharing and discovery platform, has opened shop in Nigeria. Its service is already available in all 54 countries in Africa. Audiomack has already hired three people, who will be based in Nigeria but work on initiatives across the continent. Adeyemi Adetunji will be in charge operations and…