Snapchat is launching a brand new TikTok competitor and unveiling plans to distribute $1 million among some lucky users on a daily basis. On Monday, Snapchat began rolling out Spotlight, a new video tab that will highlight popular videos in the app as the company looks to compete with both TikTok and Instagram Reels. For […]
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PayStack, a Nigerian fintech startup, has been acquired by global fintech giant Stripe, in the biggest M&A deal in Nigerian tech and one of the biggest in Nigerian corporate history. Paystack was founded in 2016 by Ezra Olubi and Shola Akinlade. This was disclosed in a press release seen by Nairametrics. The statement read in […]
The Tesla CEO’s net worth increased to a staggering $115 billion this week after the electric car company’s stock increased by 12% on Monday. The 49-year-old has now overtaken Mark Zuckerberg to become number three on the list of the wealthiest humans alive, according to Bloomberg. In July, Mr Musk became the seventh richest person […]
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WordPress’ founder said on Friday that Apple was refusing to allow any updates to the WordPress iOS app until the website builder added in-app purchases, from which Apple takes a commission of 15% to 30%. Apple is in a fierce fight with developers including Spotify and Epic Games, the maker of “Fortnite,” over its rules […]
Federal Government has signed into law the Companies and Allied Matters Act (CAMA) on August 7, 2020. The new CAMA is Nigeria’s most significant business legislation in three decades and it introduces new provisions that promote ease of doing business and reduces regulatory hurdles. 1. Provision of single-member/shareholder companies – S.18(2) of the new CAMA […]
Facebook founder Mark Zuckerberg has seen his personal wealth rise to $100bn (£76bn) after the launch of a new short-form video feature. On Wednesday, Facebook announced the US rollout of Instagram Reels, its rival to controversial Chinese app TikTok. Facebook shares rose by more than 6% on Thursday. Mr Zuckerberg holds a 13% stake in […]
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The Nigeria Police Force (NPF) on Saturday announced that it has commenced its 2020 recruitment exercise for new officers. Police spokesman Frank Mba in a statement said the security agency is recruiting qualified persons as constables from July to mid-August. Interested applicants, according to Mba, must be aged between 17 to 25 years and must […]