Author: Staff Writer

Technology company, Apple, has filed a $1 billion lawsuit against chip maker, Qualcomm. Apple is accusing Qualcomm of overcharging for chips and refusing to pay some $1 billion in promised rebates. Apple said in its suit filed in a U.S District Court, that Qualcomm withheld the rebates because of Apple’s discussions with South…

Bill Gates, co-chair of the Bill & Melinda Gates Foundation, and Ray Chambers, the United Nations Secretary-General’s Special Envoy for Health in Agenda 2030 and for Malaria, recently announced the launch of the End Malaria Council, a group of influential public and private sector leaders who aim to ensure malaria eradication…

MTN Nigeria has stated that it will stop supporting Blackberry services as from the 27th of January. It informed its Blackberry service subscribers via a text message as shown below. “Dear customer, MTN Blackberry service will be decommissioned on 27/01/2017. Please upgrade to a smartphone and enjoy 100% bonus on any…

Private equity firm, AfricInvest and French investment bank, Bpifrance, have launched a French African Fund (FFA), a cross-border investment fund dedicated to the development of small and medium-sized enterprises (SMEs) in both Africa and France. A pool of diverse investors have subscribed to the fund, all with the vision of accelerating the growth of…

82% of executives surveyed worldwide experienced a fraud incident in the past year compared to 75% in 2015, according to the Kroll Annual Global Fraud and Risk Report 85% of executives reported at least one cyber incident and over two-thirds reported security incidents Current and former employees were the most…

Startups, just like other companies operating in the US, are obliged to file their tax returns every quarter. While the steps to take in order to file for a tax return are easy to understand, the internal revenue code itself can be overwhelming. This is where having a professional tax…

Global Communications company, Avaya, filed for bankruptcy on Thursday, 19th of January 2017. The company did this to reduce its debt load of about $6.3 billion. It however said it would not sell its call centre business as it had tried to do last year. (It had tried to sell the call…

If you think that the apps market is on the decline, think again. A new report app from analytics firm App Annie says that the revenue paid out to publishers from Google Play and the iOS App store grew by 40% from 2015 to 2016. Within the same period, the report…

Fastest Online mobile marketplace, letgo, has secured additional $175 million from Naspers, Accel, Insight Venture Partners, New Enterprise Associates, 14W and other investors. The mobile-only marketplace says the new funding will be used to accelerate U.S. and international growth, and to boost its already significant investment in areas such as artificial intelligence…

Ringier Africa Digital Publishing further expands its news and media portfolio with the launch of Business Insider, the renowned digital news brand for the global business community, for Sub Saharan Africa. The digital edition leads with an exclusive interview with Tony Elumelu, who the newly launched editorial team for Business…

The Board of Directors, Wema Bank Plc. has appointed Ademola Adebise as the Deputy Managing Director of the bank. The board announced this at a retreat held recently in Lagos. The Central Bank of Nigeria (CBN) has now approved the appointment. In a letter to the bank, the CBN said…

The community based online marketplace, Jumia Market, is launching this week a new, improved version of its shopping platform, overhauling its design, signature colour and its customer’s shopping journey. The website, will from this day onward sport the colour green. With this move, Jumia Market wishes to reassert its value…

If you know “Go! Go! Power Rangers!”, then you must have watched the Power Rangers series a long time ago. Well it is back as a film from Lionsgate Movies.  It’s Morphin Time! Power Rangers – in theaters March 24 https://www.youtube.com/watch?v=5kIe6UZHSXw

In this new trailer of “Logan” , we see a new young mutant just like Wolverine….And it is female! She is X-23, the younger, female clone of Wolverine. “She’s like you, very much like you,” Charles Xavier tells Logan (Wolverine). The trailer features a much older Logan and Professor Xavier, set…

This is Europe’s largest fund focused on the Internet sector. Rocket Internet has successfully raised USD 1.0 billion dedicated to early stage and growth equity investments in the global Internet sector. The fund known as “The Rocket Internet Capital Partners fund” (“RICP” or the “Fund”) is focused on generating strong returns for investors…

The Central Bank of Nigeria (CBN), Nigeria’ s apex bank, has issued a circular to banks and other financial institutions that they should not “use, hold, trade and/or transact in anyway in virtual currencies” According to CBN, virtual currencies such as Bitcoins, Monero, Ripples, Litecoin, Dogecoin, Onecoin, e.t.c and other…

A new report from Oxfam says that eight richest men in the world own the same wealth as the poorest 3.6 billion people. The report was published by Oxfam to mark the World Economic Forum annual meeting of political and business leaders in Davos taking place from today, the 17th of January…

The one thing people are scared of is that you could lose the new Apple Airpods. You might to constantly keep a spare set as the airpods might even slip off while doing something crazy, like dancing or running. Well Apple has released a new ad which seems to state…

Mastercard today launched 2KUZE, a digital platform that connects smallholder farmers, agents, buyers and banks in East Africa. 2KUZE, which in Swahili means “Let’s grow together,” enables farmers to buy, sell and receive payments for agricultural goods via their feature phones. The platform brings the benefits and security of mobile…

One has to be careful with these personal assistants and your little children. Watch what happens when a little child asks Amazon’s Personal Assistant, Alexa, to “play Digger Digger”. Guess Alexa heard differently and started to reel out the name of an album of dirty-prank ringtones with a laundry list of porn…