See What The First Made-In-Africa Smartphone Looks Like (Photo)

The first made-in-Africa smartphone has been unveiled by African high-tech company, Mara group. 
African high-tech player, Mara, has announced the production of their newest product the Maraphone – the first made-in-Africa.

South Africa in recession for first time since 2009

South Africa entered recession in the second quarter for the first time since 2009, data showed on Tuesday, in a stinging blow to President Cyril Ramaphosa’s efforts to revive the economy after a decade of stagnation.

A report by Reuters quoted Statistics South Africa as saying the economy contracted by 0.7 per cent quarter-on-quarter, led by declines in the agricultural, transport and retail sectors.

MTN kicks against $8.1bn demand, says all dividends were approved by CBN

MTN Nigeria says all dividends it paid to its shareholders between 2007 and 2015 were approved by the Central Bank of Nigeria (CBN).

The telco was reacting to the claim by the central bank that it illegally converted shareholder loans to preference share and repatriated $8.1 billion as dividends during the period under scrutiny.

BREAKING: Coca-Cola buys coffee chain Costa for £3.9bn

Coca-Cola on Friday said it had agreed to buy global coffee chain Costa from its owner Whitbread for £3.9 billion ($5.1 billion).

“Hot beverages is one of the few remaining segments of the total beverage landscape where Coca-Cola does not have a global brand.

Why we sacked spy police officers – ExxonMobil

The Management of ExxonMobil has given reasons why spy police officers on the company’s employ were terminated shortly after being absorbed in compliance with the recent Supreme Court order.

On July 13, the spy policemen working for the company in its operational locations in Lagos, Eket in Akwa Ibom State and other places simultaneously staged protests over alleged denial of their “official” entitlements.

Reps Order Immediate Withdrawal Of Dirty Naira Notes From Circulation

The House of Representatives yesterday urged the Central Bank of Nigeria (CBN) to commence immediate withdrawal of mutilated naira notes from all banks, and replace them with new notes, especially the N100 notes. The House also mandated its Committee on Banking and Currency to investigate the illegal racketeering of mint Naira notes on the streets while it is perpetually unavailable in banks. ‎

Aliko Dangote gets $650 million Afreximbank loan for Lekki refinery

Africa’s richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Lekki, Nigeria.

The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing.

MTN offices sealed over non unionism

Postal and Telecommunications Employee (NUPTE) on Monday picketed MTN over non unionism.

Mr Olajuwon Olaide , the Chairman NUPTE Ibadan told the News Agency of Nigeria (NAN) at the MTN office, off Ring Road, Ibadan, that the union was sealing all MTN offices in all the states in the country.

2018 Forbes Africa Under 30 Individuals List(Photos)

Popular Nigerian singers Davido, Wizkid have made the list of the 2018 Forbes Africa 30 under 30 individuals that are making waves across in their industries across the continent.
The list is divided into three; Creative, Technology and Business.
Other celebrities across Africa that made the list are Sarkodie, Nasty C, Cassper Nyovest, Falz, Yemi Alade, Beverly Naya, Sonia Irabor and so on.

Dangote urges FG to create more entrepreneurs

The President of Dangote Group, Alhaji Aliko Dangote yesterday urged the Federal Government to create more entrepreneurs in the country.

Konga, Yudala announce merger

Earliest confirmation that the Minister of Transportation, Rotimi Amaechi has indeed been appointed as the Director-General of President Muhammadu Buhari Campaign Organisation for the 2019 presidential election has surfaced.

Businessman, Michael Obasuyi arrested for alleged N11.5 billion fraud

The Economic and Financial Crimes Commission, Lagos Zonal office, has arrested one Michael Obasuyi, Managing Director, Platinum Multi-purpose Cooperative Society Limited, for alleged offences bordering on conspiracy, cybercrime and money laundering to the tune of N 11, 498,944,038.29.

The 2018 GTBank Food and Drink Fair… Set To Hold For 3 Days

From the promise of mouth-watering delicacies to the allure of savoury wine tastings, the 2018 GTBank Food and Drink Fair is set to deliver, in 3 days, an experience that will certainly remain unmatched for the entire year.

Aliko Dangote: Kenyans more corrupt than Nigerians

Africa’s richest man Aliko Dangote has faulted Kenya’s leadership for their greed and persistent failure to place matters of national interest first when it comes to development.

MMM shuts down globally, gives reasons

Ponzi scheme, Mavrodi Mundial Moneybox (MMM), which collapsed over a year ago in some countries, particularly in Nigeria has finally shut down.

Trump speaks on United States ‘war’ with China

President Donald Trump on Wednesday stated that the United States is not in a trade war with China. “We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S.,” Trump said in a tweet.

First Bank apologises for Buhari’s Lagos visit tweets

First Bank of Nigeria has apologised to its Twitter followers after it posted a series of tweets that appeared to be mocking Thursday’s visit of Muhammadu Buhari, the President of Nigeria, to Lagos.

2,000 UBA Staff Promoted Across Africa

In line with its commitment to reward excellence and high performance, Pan-African financial institution, United Bank for Africa (UBA) Plc, has announced the promotion and elevation of about 2000 of its work force, representing about 17 per cent of total staff strength across the group.

Breaking! Founder of MMM Ponzi Scheme, Sergei Mavrodi is dead (FULL DETAILS)

Russian businessman Sergei Mavrodi, whose MMM pyramid scheme deprived millions of Russians of their savings in the 1990s, has died of a heart attack, according to Russia media.

Life Story! How I Sold “Okpa” With My Mother For 10 Years – Gospel Singer, Frank Edwards Shares

Nigerian gospel singer, Frank Edwards, took to his Instagram page and shared the inspirational story of how his survived as a child by selling ‘Okpa’ (a delicacy popularly known in the eastern part of Nigeria) for ten years with his mother.