Business Category

Posted On February 3, 2014By Adetunji OpeniyiIn Business, Social Media

Facebook Visits Konga in Nigeria

Last Tuesday, a team led by Head of Facebook, Europe, Middle East and Africa, Nichola Mendelsohn paid a courtesy visit to online retailer Konga. The visit is believed to be recognition of the growing significance of Nigeria’s eCommerce industry. “The team were really interested in how Konga has been able to stamp its footprint in Nigeria in such a short time with plenty of positive feedback coming from users on Facebook.” As stated from their official blog. Mendelsohn emphasized their admiration and satisfaction for the successful execution of Konga’s past campaigns whileRead More
Steve Jobs First Macintosh Unveiling
On January 24th 1984, Steve Jobs unveiled and demonstrated the first Macintosh to Apple shareholders. A couple of days later, he showed off the Macintosh at the Boston Computer Society. Time has published the 90-minute presentation. It has never been seen before on the Internet. Steve Jobs explains how the Macintosh let users record video, process word documents in different fonts and create pictures. Don’t take my word for his awesomeness, watch the video below. Source: The Verge via TIMERead More

Posted On January 29, 2014By Paul OgunlowoIn Business, Gadgets, Mobile

Apple Releases Record Earnings Statement

Tech giant, Apple announced their earnings statement during their conference call and they broke lots of their previous records. 51 million iPhones were sold between November 2013 and January 2014 – an all time quarterly record – up from 47.8 million in the same quarter last year. iPad sales also came in at record highs at 26 million, up from 22.9 million from the same quarter last year. Mac sales weren’t left out in the record-breaking party either, coming in at 4.8 million sold from November to January, up from 4.1Read More
TechCabal in partnership with Social Media Week Lagos, announced its first startup competition dubbed TechCabal Battlefield (think a local version of the one from TechCrunch Disrupt). Also in partnership with Stanbic IBTC, Jobberman, VC4Africa, Memeburn and others, TechCabal will look for budding startups and put them through training sessions with industry professionals. The finalists will then present to a panel of judges that includes Iroko Partners CEO, Jason Njoku (iROKOtv, iROKING) amd Jobberman CEO, Ayodeji Adewunmi. The juicy bit (and the reason you probably clicked this link) is the $22,000 prize for theRead More

Posted On January 22, 2014By BinjoIn Business, Social Media, Top Stories

7 Marketing Tips For Startups

Besides a lack of skill set, capital and electricity, one large aspect of business that affects the success of startups is marketing. People create awesome products with amazing designs but just can’t sell them. This is largely due to the hope that it will go viral. Most content and products don’t go viral, they are marketed and sold to specific audiences. This post is a shameful shameful sell. Here are 7 marketing tips for Nigerian startups 1. Nomenclature A generic name will hurt you in search engines. If you searchRead More

Posted On January 20, 2014By Akinyemi OgunsanyaIn Business, Top Stories

Dropbox Raises Series C Funding, Worth $10 Billion

Things have got a little better for Silicon Valley online storage company, Dropbox. It recently raised $250 million from outside investors valuing the firm at a cool $10 billion. The deal was led by a division of BlackRock Inc., the world’s largest investor with over $4 trillion (yes, $4 trillion) in assets under management. The funds from the Series C round go towards their on-going product development in enterprise software which promises to be a money maker for the firm. According to the Wall Street Journal,  Dropbox made about $200Read More
If you’re familiar with GrubHub, Seamless or Just-Eat, you’ll love HelloFood. Ordering food in Nigeria (speaking from a Lagosian’s perspective) can be a little bit of pain. If you don’t collect the restaurant’s phone number or menu while you’re there, it might be hard to satisfy your craving when you don’t have a ride or you’re just lazy. This is where HelloFood comes to the rescue. You have a good number of restaurants to order from, including Chicken Republic and even Ghana High Commission. You also get good deals from certain places like Johnny Rockets whereRead More

Posted On October 2, 2013By Faridah Demola-SerikiIn Business, Mobile, Top Stories

Okadabooks Wants The Nigerian Book Industry To Ride Digital

Nigerians are constantly creating apps and services that make life in Nigeria easier and more convenient. One of such apps is Okadabooks, an app by Okechukwu Ofili, an author who describes himself in his Twitter bio as a “Ninja-cardio-thoracic-engineering-writer”. Okadabooks is an app that provides local and international books to you on your phone. With over 7,000 books available in-app, Okadabooks aims to make it easier for people to access books in Nigeria – especially those by local authors. “What drives Okadabooks is the belief that Nigerians read,” says Ofili.Read More
Paypal acquires Braintree

Posted On September 29, 2013By Akinyemi OgunsanyaIn Business, Mobile

eBay buys Braintree for $800 Million

E-commerce giant, eBay announced its Internet and mobile payments arm, PayPal will acquire Braintree for $800 million in cash. This is part of PayPal’s push to dominate the mobile payments market which has seen an influx of competitors from the likes of Visa, MasterCard, Stripe and Dwolla. The increasing ubiquity of smartphones and tablets is helping drive the demand for payments on mobile. Braintree, a Chicago-based startup that offers merchants in over 40 countries worldwide and processes payments in over 130 currencies, is a company started in 2007 by Bryan Johnson.Read More

Posted On September 10, 2013By Paul OgunlowoIn Business, Design, Gadgets, Mobile, Top Stories

First Look At Apple’s iPhone 5S [SPECS]

Alongside the colorful, plastic iPhone 5C, Apple revealed the iPhone 5S. The iPhone 5S is a direct upgrade to the iPhone 5 which was released around this time last year. The iPhone 5S sports a few new improvements from last years iPhone 5. It comes packed with an all new 64bit A7 processor which Apple says doubles the performance from the previous iPhone and is up to 40 times faster than the original iPhone. According to Apple, this will make gaming and graphics processing on the iPhone 5S much betterRead More