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
MTN Nigeria becomes a public company
Nigeria’s largest mobile carrier, MTN Nigeria said it has converted itself into a public company. The company conversion was done to make way before its planned listing by introduction on the Nigerian Stock Exchange, NSE. The introductory listing which is not an initial public offering, IPO, will see MTN becoming […]
Occidental counters Chevron’s bid for Anadarko with $57 billion
Occidental Petroleum Corp said it will look to counter Chevron Corp’s $50 billion takeover of Anadarko Petroleum Corp with a $57 billion bid. The deal if it goes through, would make Occidental the largest producer in the lucrative Permian shale basin, with total production of 533,000 barrels of oil equivalent […]
Trafigura joins liquid chemicals joint venture
Global commodities trader, Trafigura Group Pte Ltd., has entered into a joint venture agreement to create a commodity petrochemical trading business, with a focus on bulk liquid chemicals. The joint venture has been created between Trafigura and senior executives from the petrochemical trading industry, including the current management team of […]
TECH
Snap Inc has a new chief marketing officer
Snap Inc., has announced that Kenny Mitchell will join the company as Chief Marketing Officer (CMO) beginning in June 2019. In this newly created role, Mr. Mitchell will join the senior leadership team of the company and report to CEO Evan Spiegel. Mr. Mitchell will lead all consumer and product […]
Chinese-led consortium takes over struggling Japan Display for $2 billion
Japan Display Inc., said it has entered into an alliance with Suwa Investment Holdings, LLC and TPK Holding Co., Ltd., to give control and ownership of the company to the Chinese-Taiwanese consortium. The struggling mobile phone display maker for Apple will receive cash injections of up to 80 billion yen […]
Facebook changes EU accounts’ user agreements
World’s largest social network, Facebook Inc., said it has revised the terms related to its users’ data following demands from the European Commission and consumer authorities. Facebook also said the new user agreement will also include taking responsibility when data has been mishandled by third parties. EU executive said the […]
STARTUPS
Lagos state inaugurates Stockman Cooperatives
The Lagos State Ministry of Commerce has inaugurated Stockman Ikeja Multipurpose Cooperatives Society, (“Stockman Cooperatives”). Stockman Cooperatives is an investment, savings and property focused co-operative society that is aimed at creating a ‘fairer and better world’ for its members. At the inauguration chaired by Mr. Olukayode Fatana, Registrar of Cooperatives […]
Marek Zmyslowski fires back at estranged Nigerian ‘Godfather’ investors
After receiving salvos and several allegations of fraud, money laundering and unethical practices from his estranged ‘Godfather’ investors, Marek Zmyslowski, has replied his critics. In a new medium post to refuted all the allegations thrown at him in this Medium post. Marke has now provided his alleged evidence to prove his […]
Untold story of Marek Zmyslowski’s alleged theft, money laundering at HotelOga
It seems there is now a balance to the diatribe launched by Marek Zmyslowski, against his shareholders/investors at HotelOga. Last week, Marek Zmyslowski, a former executive at Jumia’s hotel booking site came out to drag Nigerians, Nigerian and his estranged investors in HotelOga. In his medium article, Marek Zmyslowski described […]
BRIEF: Digital savings app, Piggybank rebrands to PiggyVest
Digital savings and investment app, Piggybank said it has rebranded to PiggyVest. The company said it changed the name to reflect its new direction to offer more products including insurance services. It would be recalled that PiggyVest raised $1.1 million last year to acquire new license and growth into new […]
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 […]
Jay Jay Okocha, Bundesliga Partner Lagos SWAN
German Football League, Bundesliga has partnered the Sports Writers Association of Nigeria (Lagos State Chapter) in a bid to promote and increase the followership of the country’s league in Nigeria. The delegation was accompanied by ex-international, Austin Okocha, popularly known as Jay Jay Okocha. Manager international Marketing, Bundesliga International Daniel […]
Snap Inc has a new chief marketing officer
Snap Inc., has announced that Kenny Mitchell will join the company as Chief Marketing Officer (CMO) beginning in June 2019. In this newly created role, Mr. Mitchell will join the senior leadership team of the company and report to CEO Evan Spiegel. Mr. Mitchell will lead all consumer and product […]
MTN Nigeria becomes a public company
Nigeria’s largest mobile carrier, MTN Nigeria said it has converted itself into a public company. The company conversion was done to make way before its planned listing by introduction on the Nigerian Stock Exchange, NSE. The introductory listing which is not an initial public offering, IPO, will see MTN becoming […]
Occidental counters Chevron’s bid for Anadarko with $57 billion
Occidental Petroleum Corp said it will look to counter Chevron Corp’s $50 billion takeover of Anadarko Petroleum Corp with a $57 billion bid. The deal if it goes through, would make Occidental the largest producer in the lucrative Permian shale basin, with total production of 533,000 barrels of oil equivalent […]
UK to use Huawei’s tech for 5G
The world’s largest telecom company, Huawei said it welcomed reports that Britain would allow limited use of its equipment in new 5G networks. The company’s comment is a follow up to a security source that said Britain will allow Huawei restricted access to non-core parts of the 5G network, but […]
Deutsche Bahn to sell British subsidiary
Germany’s railway operator, Deutsche Bahn has asked potential suitors of its British unit Arriva to express their interest in the asset by May 3, according to an advertisement published in the Financial Times newspaper on Wednesday. Financial Times was quoted in a report by Reuters News Agency that Deutsche Bahn […]
Olam to acquire Dangote Flour
Dangote Flour Mill’s Plc said it has received a binding offer from Olam International Limited to acquire the company. The company said in a statement that Olam is offering to acquire all the outstanding and issued shares of DFM that are not currently owned by Olam through its subsidiary, Crown […]
Lagos state inaugurates Stockman Cooperatives
The Lagos State Ministry of Commerce has inaugurated Stockman Ikeja Multipurpose Cooperatives Society, (“Stockman Cooperatives”). Stockman Cooperatives is an investment, savings and property focused co-operative society that is aimed at creating a ‘fairer and better world’ for its members. At the inauguration chaired by Mr. Olukayode Fatana, Registrar of Cooperatives […]
Nigeria convicts former Chief Justice for false asset declaration
The Code of Conduct Tribunal in Nigeria’s capital city, Abuja, has convicted Walter Onnoghen, the country’s former Chief Justice. Mr. Walter Onnoghen was convicted for making false asset declarations while in office. The tribunal found him guilty and ordered him to forfeit all the money in the five bank accounts, […]
Trafigura joins liquid chemicals joint venture
Global commodities trader, Trafigura Group Pte Ltd., has entered into a joint venture agreement to create a commodity petrochemical trading business, with a focus on bulk liquid chemicals. The joint venture has been created between Trafigura and senior executives from the petrochemical trading industry, including the current management team of […]