Market Share of Smart Phones Rise in Nigeria

The Managing Director of Xiaomi Corporation, Shefiu Gabba said that the market share of smart phones is growing in Nigeria. He noted that Nigerians adoption of smart phones has risen in the last nine months since April this year when the company started operations in the country. Gabba disclosed this over the weekend at the[...]

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Lafarge MD leaves to become MD at Dangote Group, here are the Details

Michel Puchercos, the former managing director of Lafarge Africa, has been announced as the new managing director of Dangote Cement Plc. In a statement released on December 20, Lafarge had notified the investing community that Puchercos tendered his resignation which would be effective January 17. The French national will resume to his new position on[...]

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Ecobank achieves Major Feat in Banking Industry, Here are the Details

The 2019 Nigeria banking industry customer experience survey report recently published by KPMG Nigeria showed that Ecobank Nigeria recorded significant improvement in the SME segment of the survey. According to the report, analysis of performance in the SME segment reveals dynamism in the 2019 ranking. Despite lower levels of overall satisfaction for SMEs, Fidelity Bank[...]

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The Nigerian Maritime Industry takes on Gender Equality

THE Director-General, DG, Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Dakuku Peterside, says active women participation is fundamental to the growth of the maritime industry. Peterside, who stated this at a Business Luncheon and 25th Anniversary of the Women’s International Shipping and Trading Association, WISTA, with the theme, “Balancing the Gender Gap in Maritime[...]

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Google challenges itself to be number one at Cloud by 2023

In early 2018, top executives at Alphabet debated whether the company should leave the public cloud business, but eventually set a goal of becoming a top-two player by 2023, according to a report from The Information on Tuesday. If the company fails to achieve this goal, some staffers reportedly believe that Alphabet could withdraw from[...]

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A decade of iPhones, things to note

I’m not sure when my iPhone became essential to my life, but I’m not alone. In fact, it’s possible to look at the last 10 years as the iPhone decade — when smartphones went mainstream, created billion-dollar corporations, rearranged existing industries and changed the world. In fact, you might be reading this on an iPhone[...]

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Woes continue for Blatter as Fifa Sues him

International soccer governing the body, FIFA said yesterday it will seek more than $2 million in reimbursement from its former president, Sepp Blatter and vice president, Mitchel Platini for an illegal payment nearly a decade ago. FIFA said in its announcement it has filed court documents in Switzerland asking for compensation dating back nearly eight[...]

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Facebook is no longer one of the best places to work, Here’s Why

Facebook’s ranking on Glassdoor’s list of best places to work slid for a second year in a row, tumbling 16 spots to 23rd. Its desirability ranking dropped from 4.5 to 4.4 out of a perfect 5, according to employees who use the Glassdoor site to evaluate their employers anonymously. The top three spots on the[...]

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Tony Elumelu advices African Leaders to improve Business Environment

The Founder of the Tony Elumelu Foundation and Chairman, Heirs Holdings and United Bank for Africa Group (UBA), Mr. Tony Elumelu, yesterday advised African, Caribbean and Pacific (ACP) Heads of State to improve the business environment in their countries to drive industrialisation and wealth creation in member states. He said this while presenting the keynote[...]

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Things that excite Billionaires and have nothing to do with Money

In early 2019, Bill Gates participated in a Reddit “Ask Me Anything.” On Wednesday, Reddit named it as the most “upvoted” AMA of the past year with 110,000 upvotes. Redditors asked Gates everything from “when was the last time you wrote code” to “what’s your favorite prime number.” And one Redditor had a question about[...]

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Fortune 500 CEO, takes Subway, Run his own Errands and Has a Side Hustle

Goldman Sachs CEO David Solomon isn't your average C-suite executive. Yes, he made $23 million last year, but since taking the helm at the investment bank from Lloyd Blankfein in October 2018, he's been eschewing Wall Street's stuffy ways. Fifty-seven-year-old Solomon, for instance, is known as "D-Sol" on weekends, when he performs his side gig[...]

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Research- Three things to do to become Dangote or Otedola

A lot of research has been done to figure out what makes extremely wealthy people unique. UBS Group AG, a multinational investment bank, and PricewaterhouseCoopers are the latest to attempt to try to understand what makes billionaires different from the rest in a report titled, “Billionaires insights 2019.” According to the research, these wealthy individuals[...]

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Shocking reason why CEO of McDonald’s Franchise is Sacked!

McDonald’s chief executive officer has left the company after violating company policy by engaging in a consensual relationship with an employee, the corporation said Sunday. The fast food giant said former president and CEO Steve Easterbrook demonstrated poor judgment. McDonald’s forbids managers from having romantic relationships with direct or indirect reports. In an email to[...]

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Is Facebook forced to abandon Libra Project amid regulation issues?

Facebook could be forced to abandon its own cryptocurrency project if the newly created group steering it decides to move forward without regulatory approval, CEO Mark Zuckerberg said Wednesday during his testiomony at a House Financial Services hearing. “Facebook will not be part of launching the libra payments system anywhere in the world until U.S.[...]

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Amazon stock plummet as expectations are not met!

Amazon’s third-quarter earnings fell short of street expectations on Thursday, driving its stock down as much as 9% in after hours trading. It also gave dismal revenue guidance for the holiday shopping season, spooking investors who were expecting a huge pay off from Amazon’s growing investments across the company. Here’s what the company reported versus[...]

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UBA announces it makes over N61 Billion Net Profit this fiscal yeah

United Bank for Africa (UBA) has announced a 32.3% in after-tax net profit from the N61.69 billion recorded in the third quarter of 2018 to N81.63 billion. In a statement released on Tuesday to announce the release of its Q3 results, the bank said its profit before tax grew by 24.2% to N98.2billion putting its[...]

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“I wouldn’t even be able to get a Job at Alibaba Today”- Alibaba

Billionaire entrepreneur Jack Ma founded Alibaba — one of China’s most successful technology companies. But even he would have a tough time securing a job there today, he said. And it’s not just Alibaba. The e-commerce visionary said he and most of the other founders would struggle to pass the initial screening for many of[...]

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