Tech

Glo rewards top dealers with 10 SUVs, other prizes

GLOBACOM has recently set new standards in dealership recognition when it presented spectacular prizes including 10 top of the range Special Utility Vehicles (SUVs), special crystal trophies, 43 utility vans, several million ...

Etisalat Blames Poor Power Supply for Quality of Service Issues, After $ 2m Fine

After being fined N 1.17 billion alongside MTN, Airtel and Globacom by the Nigerian Communications Commission (NCC), Etisalat has admitted to the poor service delivery. However the company has blamed poor power ...

Nigerian Stock Exchange Buys Nasdaq’s X-Stream

Nigeria’s Stock Exchange (NSE) signed a deal to adopt the Nasdaq X-Stream trading platform on Tuesday, and said it would aim to go live with it by the second quarter of 2013, part of ...

How Instagram Built a $1 Billion App in Two Years?

Silicon Valley is one of the few places where a 27-year-old Web entrepreneur can parlay a photo- sharing application with no known source of revenue into $1 billion — in two years. ...

Facebook buys Instagram photo app for $1 bn

Facebook announced Monday that it made a billion-dollar-deal to buy the startup behind wildly popular smartphone photo sharing application Instagram. The big ticket purchase was seen by some as a move by ...

JMR Infotech expands reach through its new office in West Africa

Nigerian arm demonstrates the company’s expansion into key emerging markets JMR Infotech, formerly known as TRASSET Services Group, on 26 March, 2012 announced the opening of its subsidiary in Nigeria, West Africa, ...

Achiever: Nigerian native, Agbede owns US largest black engineering firm

Montana was not what Robert Agbede had in mind. A Nigerian native, Agbede long wanted to move to America, and in January 1976, he got that chance. He excelled in science and ...

Iroko Partners Raises $8 million in Financing for Nollywood Focused Company

Iroko Partners owners of iROKtv, the online site with exclusive rights to distribute Nollywood movies has secured $ 8 million in financing from foreign investors as earlier reported by techloy.com. The financing ...

Nigeria Internet Group to Grant N 1,000,000 for Young Entrepreneurs in I4J Competition

The Nigeria Internet Group has declared open the “Internet for Jobs” initiative designed to explore the potential of the Internet to create jobs for the people. It is also aimed at transforming ...

Unity Bank Divests from Caranda, as it Targets 10,000 Jobs Annually

In line with the Central Bank regulation compelling all bank financial institutions to divest their holdings from their non-bank subsidiaries, Unity Bank has sold its equity stake in Caranda Management Services Limited. ...