There have been series of reports and allegations that Alpha Beta was secretly owned by a former Governor of Lagos State, Asiwaju Bola Ahmed Tinubu, he has neither commented on the allegations officially.
GLOBAL
AFIG Funds acquires majority stakes in NEM Insurance
NEM Insurance Plc has announced that Advanced Finance and Investment Group, AFIG Funds has completed an investment in the Company, by acquiring 29.9% of the Company’s shares. AFIG Funds is an African private equity fund manager has, through AFIG Fund II. NEM Insurance said in the statement that the shares […]
BRIEF: Societe Generale to shut proprietary trading unit
French financial services giant, Societe Generale, said it will shut down its proprietary trading business. Société Générale S.A. is a French multinational investment bank and financial services company headquartered in Paris, France. The company is a universal bank and has divisions supporting French Networks, Global Transaction Banking, International Retail Banking, […]
US advances trade secret theft investigations on Huawei
Sources from CNN said that US federal prosecutors are reportedly working on a criminal investigation into Chinese telecom giant Huawei. According to CNN, Investigators are looking into whether the firm stole trade secrets from US business partners, The Wall Street Journal reported Wednesday, citing unnamed sources. The Journal reported that […]
TECH
US advances trade secret theft investigations on Huawei
Sources from CNN said that US federal prosecutors are reportedly working on a criminal investigation into Chinese telecom giant Huawei. According to CNN, Investigators are looking into whether the firm stole trade secrets from US business partners, The Wall Street Journal reported Wednesday, citing unnamed sources. The Journal reported that […]
Brief: Salesforce to acquire Clicksoftware for USD1 billion
Salesforce is in preliminary talks to acquire Israeli workforce management software company Clicksoftware Technologies Ltd., according to Israel-based Calcalisttech. The deal discussed values Clicksoftware at around USD1.5 billion, sources said. If a deal goes ahead, it would be the second significant acquisition by Salesforce in Israel in less than a […]
Alibaba acquire Data Artisans for $103 million
China’s China’s Alibaba Group Holding said it has acquired Data Artisans. According to the Data Artisans in a statement, the acquisition was for a total of $103 million. The transaction marks the first full takeover by a Chinese company on Berlin’s growing startup scene. In the last significant deal, Alibaba’s […]
STARTUPS
Meet Lara, The Chat Bot For Getting Around Town
Have you ever gotten lost in a new city or even worse in the city you live while trying to locate a new place? What survival mechanics did you use; ask a stranger, call a friend or ask Google? Pretty certain, whichever tactic you used, the experience wasn’t fun. Next […]
Airtame has now shipped 100,000 devices
Airtame, a Danish startup that produces a wireless HDMI solution for both business and education sectors, announced that they hit a big milestone: 100,000 devices shipped. Airtame recently released Homescreen Apps, simple app integrations for smarter team collaboration and everyday inspiration. This product update signals a step into the world […]
No lessons learnt? Konga goes back to pay on delivery
Nigeria’s Konga, an eCommerce company that was acquired by Zinox said it is restarting its pay on the delivery policy. By its literal meaning, customers can order goods on the website and pay when the products are delivered. Konga made it known recently while adding that it will also activate […]
Japan-based Nigerian developer, Simple Azenabor, to launch SoftTalk Messenger
A Nigerian citizen based in Japan, Simple Azenabor, said he will be launching SoftTalk Messenger, a messaging app that will compete with the likes of WhatsApp. According to a report from Pulse.ng, SoftTalk Messenger will enable users to chat, make audio and video calls, unrestricted numbers of group chats as […]
Other News
PonkiHosting brings affordable hosting for startups
Hosting and setting up your website should not cost you an arm and a leg, what PonkiHosting guarantees you is affordable rates, quality service and everything you want from you web administrator. 99.9% Uptime Guarantee: You get 99.9% Server uptime assured on all our hosting plans and VPS. You have no […]
CBN holds interest rate at 14%
The Central Bank of Nigeria said it will hold the benchmark interest rate at 14% as a result of several geopolitical, socio-political tensions as well as the impact of election spending. Nigeria’s Central Bank said there are concerns that the economy will grow by 2.28% for the year. The CBN […]
United Capital plc names Shedrack Onakpoma as new CFO
The management of United Capital Plc has announced the appointment of Shedrack Onakpoma as the company’s new Chief Finance Officer (CFO). This announcement was confirmed in a notice sent to the Nigerian Stock Exchange (NSE) and the company’s esteem shareholders. Shedrack Onakpoma was formerly the Chief Finance Officer at Heirs […]
TomTom sells telematics unit for €910 million
Location technology specialist TomTom today announced the sale of its Telematics business to Bridgestone Europe NV/SA. Bridgestone Europe NV/SA is a subsidiary of Bridgestone Corporation in EMEA, for a purchase price of €910 million, and proposes to return the majority of the proceeds to its shareholders. This transaction allows the […]
US prepares to extradite Huawei CFO, Meng Wanzhou
There is a latest development regarding the extradition of Huawei’s chief financial officer, Meng Wanzhou. According to Globe and Mail cited by Reuters News, American authorities are preparing to apply for the extradition of the daughter of Huawei’s founder, Meng Wanzhou. Meng Wanzhou who is the CFO of the Chinese […]
Meet Lara, The Chat Bot For Getting Around Town
Have you ever gotten lost in a new city or even worse in the city you live while trying to locate a new place? What survival mechanics did you use; ask a stranger, call a friend or ask Google? Pretty certain, whichever tactic you used, the experience wasn’t fun. Next […]
Green Africa Airways appoints Joshua Koshy as CFO
Nigerian airline startup, Green Africa Airways said it has appointed Joshua Koshy as its Founding Chief Financial Officer (CFO). The airline said in a statement that Joshua is an elite industry veteran with over 30 years of distinguished experience. Joshua most recently served as the Group CFO at Qatar Airways […]
AFIG Funds acquires majority stakes in NEM Insurance
NEM Insurance Plc has announced that Advanced Finance and Investment Group, AFIG Funds has completed an investment in the Company, by acquiring 29.9% of the Company’s shares. AFIG Funds is an African private equity fund manager has, through AFIG Fund II. NEM Insurance said in the statement that the shares […]
GTBank Masters Cup returns
The GTBank Masters Cup is set to return for its 8th season. The latest edition of the competition was announced following its opening draws, which was held on Thursday, January 17, 2019, in Victoria Island, Lagos. The tournament will feature over 30 schools and more than 40 teams who will […]
BRIEF: Societe Generale to shut proprietary trading unit
French financial services giant, Societe Generale, said it will shut down its proprietary trading business. Société Générale S.A. is a French multinational investment bank and financial services company headquartered in Paris, France. The company is a universal bank and has divisions supporting French Networks, Global Transaction Banking, International Retail Banking, […]
Wael Sawan to head upstream unit Royal Dutch Shell
Royal Dutch Shell said it has appointed Wael Sawan as Upstream Director with effect from 1st July 2019. Wael is a Canadian citizen of Lebanese origin and currently Executive Vice President Deepwater. He joined Shell in 1997 and has held a variety of commercial and operational leadership roles across the […]