Nigeria’s Oceanic Bank said on Monday it will transfer 100 percent of its share capital to pan-African lender Ecobank Transnational Incorporated (ETI) and merge its operations with ETI’s local unit in a bid to recapitalize ahead of a central bank September deadline. Oceanic said ETI will pay 38.5 billion naira ($24m million) worth of its ordinary shares and 16.5 billion naira in preference shares for total control of the rescued lender. It said the […]
Previous Close: 4,835 Today’s Open: 4,833 One day percentage change: -0.04% TBIA live plots: Click here For full explanation of TBIA, please click here Tekedia Broad Industrial Average (TBIA) is a stock market index created by Tekedia Intelligence, a division of Fasmicro. It is an index that shows how twenty large, publicly owned companies, based in Nigerian Stock Exchange, have traded during a standard trading session in the stock market.
We reported Build Event in Kenya yesterday. We just noted that one is coming to Nigeria today. It will be hosted at Microsoft Nigeria, Mulliner Towers, Ikoyi, starting around 4pm. This group is for all developers, IT Pros and dev hobbyists in Nigeria, Ghana, Sierra leone, Liberia and Gambia, who love the Microsoft development stack. You can reach out here if you have any questions, comments, etc about Microsoft’s development stack and you’re sure […]
By 2015, more U.S. Internet users will access the Internet through mobile devices than through PCs or other wireline devices. As smartphones begin to outsell simpler feature phones, and as media tablet sales explode, the number of mobile Internet users will grow by a compound annual growth rate (CAGR) of 16.6% between 2010 and 2015. The newest release of the International Data Corporation (IDC) forecasts that the impact of smartphone and, especially, media tablet adoption will […]
Personal Nutritionist is an app designed to help people that want healthy living. The app features diet plan in days and sessions for healthy choices of diet food with the right combination emphasizing balanced diet. It also explains and suggests solutions of diet related diseases as well as Nutrition facts and tips. Personal Nutritionist provides news and adverts, shares meal tables, shows nutrition content of local foods and foods from countries as well as […]
AOL has issued the following statement: “The TechCrunch acquisition has been a success for AOL and for our shareholders, and we are very excited about its future. Michael Arrington, the founder of TechCrunch has decided to move on from TechCrunch and AOL to his newly formed venture fund. Michael is a world-class entrepreneur and we look forward to supporting his new endeavor through our investment in his venture fund. Erick Schonfeld has been named the […]
A fuel pipeline exploded in a densely populated Nairobi slum Monday morning, flattening homes, reducing some bodies to dust and forcing a massive evacuation of the area amid fears that big pools of leaked fuel could ignite, police and Kenya Red Cross officials said. At least 75 people died in the explosion and fire, said Charles Owino, a spokesman for Kenyan police. Police and Red Cross officials expected the death toll to rise. […]