24 results
- 14 Mar 2016
IoT to Place Pressure on Companies to Modernise
One of the hottest trends in tech right now is the Internet of Things, or IoT. Morgan Stanley projects that within the next five years, as many as 75 billion smart connected devices will be…
- 17 Sept 2019
Microsoft Appoints Gafar Lawal MD of African Development Centre in Nigeria
Microsoft has appointed Gafar Lawal as the managing director of its Africa Development Centre in Nigeria, launched in May 2019. It would be recalled that earlier in the year, Microsoft opened Africa…
- 17 Jul 2026
PayPal Rejects $53bn Stripe-Advent Takeover Bid, Says Offer Undervalues Company
The board of global payments company, PayPal, says a 53 billion dollars takeover offer from financial technology firm, Stripe, and private equity company, Advent International, does not adequately…
- 3 Jul 2015
Foreign Investors Want More Naira Devaluation
International investors, dismayed by Nigeria's decision to delay a naira devaluation they see as long overdue, will hold back from its stock and bond markets, raising risks of a deeper crisis in…
- 6 Oct 2015
Google To Conclude $650m Symphony Funding This Week
Google has participated in a new round of funding for Symphony Communication Services, valuing the company at $650 million, reports Dow Jones. The deal is expected to close this week. Launched last…
- 25 Sept 2016
IoT is Here and Will Change the World - Nick Imudia
The Internet of Things - an ecosystem of smart, connected devices and sensors that talk to each other and take independent, automated action - is here already and will become a part of our everyday…
- 18 Oct 2016
AfICTA Boss to African Govts: Provide Tax Holidays to Tech Startups
Dr Jimson Olufuye, chairman of the Africa Information and Communication Technology Alliance (AfICTA), has urged African governments to as a matter of priority, create conducive environment for youths…
- 1 Aug 2017
Sage Acquires 'Intacct', Cloud Financial Management Solutions
The Sage Group plc (“Sage”), has announced that it has agreed to acquire Intacct Corporation (“Intacct”), a leading provider of cloud Financial Management Solutions in North America. The total…
- 21 Dec 2017
Experts See Biggest Financial Danger Yet in Bitcoin
Bitcoin has been described as the “biggest bubble of our lifetime” as an expert warned the cryptocurrency will likely spiral out of control before crashing. Bitcoin prices are riding an…
- 25 Aug 2008
Starcomms to Ring in Calabar, Warri
Starcomms leading "triple-play" (mobile, fixed wireless voice, wireless broadband) provider is getting ready to connect Calabar and the oil rich State of Warri, Delta State to its network.…
- 8 Nov 2019
Augmented Reality Art Show Launches to Champion Africa’s Tech Leaders
A unique African augmented reality art experience “Nyota” that showcases and celebrates 24 of Africa’s technology pioneers, has been unveiled by Co-creation Hub (CcHUB). The landmark AR exhibition…
- 2 Aug 2021
Zenith Bank GMD Seeks Impact Investment for Africa's Development
Mr. Ebenezer Onyeagwu, Group Managing Director/Chief Executive of Zenith Bank plc, has called for increased impact investing in Africa to enable it attain its full potential. He made the call during…
- 8 Mar 2022
2022 International Women’s Day: Ekeh, Zinox Group Remain Global Shining Examples
When over 16 years ago, a journalist had ambushed him on the sidelines of an event, Leo Stan Ekeh, Chairman, Zinox Group, had delivered what seemed back then like a prophetic announcement, but which…
- 14 Apr 2022
Elon Musk Offers to Buy Twitter
Nine percent stake in Twitter is no longer enough for Elon Musk, world’s richest man as he offered $41 billion for the entire company. His offer prompted a spike in shares of the social media giant,…
- 6 Dec 2023
P&G Stops Production in Nigeria over Harsh Operating Environment
Procter & Gamble (P&G), American multinational consumer goods, has said that it has plans to transition from local production to solely importing its products as the firm winds down its…
- 11 Dec 2023
inDrive Launches New Ventures with $100m for Startups
inDrive, a global mobility and urban services platform, has announced the launch of a new venture and M&A arm, with the goal of investing up to $100 million in promising startups. The new…
- 21 Oct 2024
Sophos to Acquire Secureworks in $859M Deal to Accelerate Cybersecurity Services
Sophos has entered into a definitive agreement to acquire Secureworks, the renowned developer behind the Taegis™ platform. The all-cash transaction is valued at approximately $859 million. Sophos to…
- 4 Feb 2025
Sophos Acquires Secureworks in $859m Deal, Strengthens Cybersecurity Leadership
Sophos and Secureworks (NASDAQ: SCWX), two global cybersecurity pioneers, announced the completion of Sophos’ acquisition of Secureworks on Monday. The all-cash transaction values Secureworks at…
- 21 Aug 2025
Meta Refactors AI Strategy, Freezes Hiring to Focus on Superintelligence
Meta Platforms has frozen hiring in its artificial intelligence division following months of aggressive recruitment, according to sources familiar with the matter. The hiring freeze, which took…
- 30 Mar 2019
Mastercard to Buy Shares in Jumia
Mastercard has expressed its intention to become a shareholder in Jumia, a pan-African e-commerce platform, in order to grow e-commerce operations and support the digital transformation in Africa.…
- 20 Feb 2014
Why Facebook is Buying WhatsApp for $19Bn
Facebook is buying fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock, as a way to boost its popularity, especially among a younger crowd. The purchase underscores…
- 4 Aug 2015
ISPON Urges Nigerian Banks to Invest in Tech Startups
The Institute of Software Practitioners of Nigeria (ISPON), an umbrella body for indigenous software companies in the country, has recommended that Nigerian banks should emulate their foreign…
- 4 May 2016
Otedola Loses $400m in 9 Weeks
Stock price of Forte Oil, owned by Femi Otedola, Nigerian billionaire, shed off 43.5% in value in the last nine weeks, costing the business magnate more than $400 million of his personal fortune,…
- 18 Jul 2016
Week Ahead: U.S. Earnings, ECB Meeting, UK’s PMI- FXTM
U.S. equities finally managed to break above last year’s record highs, supported by solid economic data and prospects of a new round of monetary easing by major central banks. The S&P 500 ended…