Phone Assembly Plant to be situated in Anambra State, Nigeria

A Nigerian company, Retail Development and Investment Company (RDIC), has executed a Memorandum of Understanding (MOU) with Shenzhen Jizhao Information Technology Co. Ltd., China to situate a smart phone and tablet assembly plant in Anambra State, Nigeria. It is anticipated that the assembly plant will roll out upto 150,000 smart phones per month. The Managing Director, RIDC, Ejimofor…

Yes Mobile acquired by Yudala

Nigeria’s eCommerce company Yudala has completed the acquisition of Yes Mobile, a cosmopolitan high-value retail outfit with a multiplicity of stores in Lagos, for an undisclosed purchase price. According to Gideon Ayogu, Head of Media Relations at Yudala, he stated that “with this takeover, Nigerians now have additional ease and convenience of shopping a variety…

Web-TV unveiled by YouTube

Google’s YouTube has launched a Web-TV service.  YouTube TV provides tv service  at the cost of $35 per month. It has a free one month trial period, at the expiration of which the monthly subscription fee becomes payable. At the moment, 39 channels can be streamed on YouTube TV including; MSNBC, NBC, ESPN U, CBS, Fox, CNBC,…

AOL and Yahoo merge to form a New Entity

AOL and Yahoo will  merge to form a new entity called Oath. AOL CEO Tim Armstrong made the name of the new entity via his twitter account. Verizon announced the acquisition of Yahoo for $4.48 billion in February 2017 after the purchase price was revised down by $350 million. The revised purchase price followed the disclosure of the…