Author: Staff Writer

Facebook’s Mark Zuckerberg has become the world’s third centibillionaire after shares of the social media giant jumped by 6% on investor optimism over the prospects of the new launch of the TikTok clone, Instagram Reels. Instagram Reels was launched a few days ago on the back on the ongoing security…

US President Donald Trump has signed executive orders banning Chinese owned TikTok and WeChat operations in the country in 45 days if they are not sold by their Chinese-owned parent companies. He cited national security concerns as the main reason for the ban. According to Trump in the TikTok ban…

Retina-AI Health Inc., has raised $5.2 million in Series A financing for AI screening of diabetic retinopathy. According to the founder and CEO, Dr. Stephen Odaibo, a Nigerian-born Neuroscientist, Physicist, Retina specialist, computer scientist, and full-stack AI engineer, the funds will be used to take the company’s retina-based AI detection technology through the…

Africa Foresight Group (AFG), a platform for freelance management consultants, has raised seed funding of $700k from Consonance Investment Managers and GFH Holdings. Consonance Investment Managers is a leading early stage and growth investment firm in Africa known for its systematic investment approach to drive prosperity across the continent while GFH…

Airtel Africa has announced the discontinuation of merger plans between its Kenyan subsidiary, Airtel Kenya and Telkom Kenya. The announcement was made in a notification that was sent to the Nigerian Stock Exchange (NSE) by Airtel Africa and signed by its Group Company Secretary, Simon O’Hara, on Wednesday, August 5,…

As TikTok is facing uncertain times in US, Instagram has started the rollout of a similar feature – Reels in over 50 countries including US. Like TikTok, Reels, embedded in the Instagram app, lets you create 15-second fun videos set to predetermined music, to share with your friends or anyone…

The Swiss Market Entry Bootcamp, an initiative of digitalswitzerland operated by Kickstart, offers startups a deep dive into the Swiss entrepreneurship ecosystem from October 5th and 6th at several locations

British owned airline Virgin Atlantic filed for Chapter 15 bankruptcy protection in the U.S. on Tuesday due to the disruption in the airlien industry caused by the COVID-19 pandemic. This filing will enable the airline shield assets in the country. The company had negotiated a deal with stakeholders “for a consensual…

WhatsApp, Facebook owned instant messaging platform, has introduced a new feature called “Search the web”, to confirm if a message received on the app is true by quickly finding the information about the message from the web. This is yet another measure to curb the dissemination of fake news. To…

Just like the ban of commercial bike operators in Lagos Nigeria, Uganda has banned the operations of commercial bike operators, otherwise known as boda bodas on major commercial roads. In May, all Boda Boda riders were enjoined to register either under a ride-hailing startup or with the Ugandan authorities as…

Bus-hailing startup, Plentywaka, has raised $300,000 in pre-seed funding led by Emfato, Microtraction, and Niche Capital According to the company, “the investment will be used in continuing Plentywaka’s mission of transforming the Nigerian transportation industry with improved mapping technology and will usher in Plentywaka’s expansion to many other states including the nation’s capital.”…

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…