Technext Technext
  • Home
  • Stories
    • Covid-19 Update: Council of Witches Calls for Sanctions on Fake News Carriers
      Covid-19 Update: Council of Witches Calls for Sanctions on Fake News Carriers
      17 hours ago 0
      42
    • Nigerian music legend, Oliver de Coque gets Google Doodle posthumous birthday celebration
      Nigerian music legend, Oliver de Coque gets Google Doodle posthumous birthday celebration
      21 hours ago 0
      50
    • Lagos is the PoS Capital of Nigeria with about 70% of Total Transactions Carried out in 2020
      Lagos is the PoS Capital of Nigeria with about 70% of Total Transactions Carried out in 2020
      23 hours ago 0
      65
    • After Falling Short of its $100bn Projections, Coinbase’s Valuation is not Certain Yet
      After Falling Short of its $100bn Projections, Coinbase’s Valuation is not Certain Yet
      24 hours ago 0
      51
    • ‘Africans Pay 30% Above Global Rates to Send Money Abroad’- Lemonade Growth Lead Richard Oyome
      ‘Africans Pay 30% Above Global Rates to Send Money Abroad’- Lemonade Growth Lead Richard Oyome
      2 days ago 0
      101
    • Over 67% of Luno’s Record 7 million Users are From Africa
      Over 67% of Luno’s Record 7 million Users are From Africa
      2 days ago 0
      108
    • Ugandan Fintech Startup, Numida Closes $2.3M Seed Round to Scale across Africa
      Ugandan Fintech Startup, Numida Closes $2.3M Seed Round to Scale across Africa
      2 days ago 0
      140
    • Ramadan Kareem: 5 Ways Tech Can make Ramadan Easier for Your Body and Soul
      Ramadan Kareem: 5 Ways Tech Can make Ramadan Easier for Your Body and Soul
      2 days ago 0
      63
    • Twitter Snubs Nigeria, Opens First African Office in Ghana
      Twitter Snubs Nigeria, Opens First African Office in Ghana
      3 days ago 0
      102
  • Features
    • Ramadan Kareem: 5 Ways Tech Can make Ramadan Easier for Your Body and Soul
      Ramadan Kareem: 5 Ways Tech Can make Ramadan Easier for Your Body and Soul
      2 days ago 0
      63
    • Identity Theft, Foolproof Scams: How Data Breaches in Tech Companies can Cost You
      Identity Theft, Foolproof Scams: How Data Breaches in Tech Companies can Cost You
      3 days ago 0
      81
    • CBN’s BVN Verification Ban: What it Means for Nigerian Fintechs and their Customers
      CBN’s BVN Verification Ban: What it Means for Nigerian Fintechs and their Customers
      6 days ago 0
      406
    • ‘Limiting Mindsets Prevent Women from Making the Most of Tech Communities’ – Temilade Adelakun
      ‘Limiting Mindsets Prevent Women from Making the Most of Tech Communities’ – Temilade Adelakun
      7 days ago 0
      141
    • Electronic Transactions Increased by 77% to N2.3bn in 2020 as USSD Transactions Increased by 80%
      Electronic Transactions Increased by 77% to N2.3bn in 2020 as USSD Transactions Increased by 80%
      1 week ago 0
      139
    • The dying cybercafe culture is still driving ICT penetration in low-income areas
      The dying cybercafe culture is still driving ICT penetration in low-income areas
      1 week ago 0
      210
    • Smart Scooter Company, Trekk is Making Transit Easy and Affordable for Estate Residents & Universities
      Smart Scooter Company, Trekk is Making Transit Easy and Affordable for Estate Residents & Universities
      2 weeks ago 0
      249
  • Reviews
    • Lagos is the PoS Capital of Nigeria with about 70% of Total Transactions Carried out in 2020
      Lagos is the PoS Capital of Nigeria with about 70% of Total Transactions Carried out in 2020
      23 hours ago 0
      65
    • Tech Events this Week: Cashless Africa, Deloitte’s Black in Tech Summit and Others
      Tech Events this Week: Cashless Africa, Deloitte’s Black in Tech Summit and Others
      3 days ago 0
      76
    • Global Tech Roundup: Twitter Wanted to Buy Clubhouse for $4 Billion!
      Global Tech Roundup: Twitter Wanted to Buy Clubhouse for $4 Billion!
      6 days ago 0
      113
    • Scholarships Africa Connects Students to Hundreds of Int’l Scholarships in Minutes
      Scholarships Africa Connects Students to Hundreds of Int’l Scholarships in Minutes
      6 days ago 0
      126
    • Godzilla Vs Kong Raked N17m in 3 days but Cinema Revenue Dropped 10% in March
      Godzilla Vs Kong Raked N17m in 3 days but Cinema Revenue Dropped 10% in March
      1 week ago 0
      141
    • Bitcoin Rally Sees Coinbase Rake in $1.8bn Revenue in Q1 as Active Users Hit 6.1 million
      Bitcoin Rally Sees Coinbase Rake in $1.8bn Revenue in Q1 as Active Users Hit 6.1 million
      1 week ago 0
      148
    • Seed Investment into African Startups Increased to 22% in 2020 but Value of  Equity Dropped
      Seed Investment into African Startups Increased to 22% in 2020 but Value of Equity Dropped
      1 week ago 0
      248
  • Women in Tech
  • Videos
  • Contact Us
Go to...

    Virgin Mobile, BUA Group and Vodacom Among Potential Buyers of 9Mobile Network

    Staff WriterStaff Writer
    July 24, 2017
    Virgin Mobile, BUA Group and Vodacom Among Potential Buyers of 9Mobile Network

    BUA Group, Virgin Mobile, and Vodacom are among the companies that have indicated interest in bidding for the new telecom brand, 9Mobile following an indication by Mr. Boye Olusanya, the Chief Executive Officer (CEO) announced that it was open to investors with good offers, days after it was officially presented to the public.

    According to the Dailypost, the giant investors and a few unnamed ones have shown interest in acquiring 9Mobile telecommunications which still enjoys a large patronage and loyalty despite its recent take-over crisis. It also reported that the number one item on the table for discussion is how to offset the uncleared 1.2 million Dollars loan which had led to the disintegration of the previous board.

    Citibank, New York, and Standard Bank, South Africa are to serve as advisers in the evaluation of the bids from the investors before bringing it before the board of new directors. The major characteristics of investors’ memoranda, for them to be seen as potentially valuable, will be the financial strength to offset the payment of $1.2 Billion bank loan, and the technical expertise to take the company to a new level.

    Virgin Mobile, which is part of the Virgin Group; a multinational conglomerate company founded by British Entrepreneur Richard Branson and Nick Powell, has broken into markets around the world, and this could be an opportunity for the Virgin Group, with its years of experience and rumoured excellent service Providence, to enter the Nigerian Market.

    The BUA Group is a Nigerian Conglomerate with interests in manufacturing, infrastructure and agriculture. Bidding as an investor in 9Mobile will be  BUA Group’s foray into the telecommunications space in Nigeria.

    Back in 2001, at the inception of telecommunication industry in Nigeria, Vodacom saw little promise in the Nigerian sphere and allowed MTN to win the bidding without major competition. Vodacom failed in an attempt to acquire V-Mobile Network in 2004.This would be the company’s third opportunity to enter the Nigerian Telecommunication business space.

    With about 20 Million subscribers and a great number of stakeholders, the fate of 9Mobile and who wins the bidding is one development we are must all be interested in. We hope that the final outcome will bring the best to all stakeholders.


    If you’d like to get featured on our Entrepreneur Spotlight, click here to share your startup story with us.


    SUBSCRIBE

    Get latest Technology news, reviews, business-related content with a deliberate emphasis on the African narrative and insightful analysis in Nigeria – straight to your inbox.


    Comments

    Share :
    • Facebook
    • Twitter
    • Google+
    • Pinterest
    • Linkedin
    • Email
    Staff Writer

    Staff Writer

    Tell the stories as they are as well as tell you what is hidden in the stories with the aim of placing the real cards on the table.

    Google
    Next article
    Google’s CEO, Sundar Pichai Appointed to Alphabeth’s Board as Google Rakes in $26 Billion in Q2
    The Future of Security: China to Prevent Crime Using AI, Predictive Analytics
    Previous article
    The Future of Security: China to Prevent Crime Using AI, Predictive Analytics

    Related Posts

    • Features, Stories 2 days ago

      Ramadan Kareem: 5 Ways Tech Can make Ramadan Easier for Your Body and Soul

      Ramadan Kareem: 5 Ways Tech Can make Ramadan Easier for Your Body and Soul
      Features, Stories 3 days ago

      Identity Theft, Foolproof Scams: How Data Breaches in Tech Companies can Cost You

      Identity Theft, Foolproof Scams: How Data Breaches in Tech Companies can Cost You
      Features, Stories 6 days ago

      CBN’s BVN Verification Ban: What it Means for Nigerian Fintechs and their Customers

      CBN’s BVN Verification Ban: What it Means for Nigerian Fintechs and their Customers
    • Features, Stories 7 days ago

      'Limiting Mindsets Prevent Women from Making the Most of Tech Communities' - Temilade Adelakun

      ‘Limiting Mindsets Prevent Women from Making the Most of Tech Communities’ – Temilade Adelakun
      Features, Stories 1 week ago

      Electronic Transactions Increased by 77% to N2.3bn in 2020 as USSD Transactions Increased by 80%

      Electronic Transactions Increased by 77% to N2.3bn in 2020 as USSD Transactions Increased by 80%
      Features, Stories 1 week ago

      The dying cybercafe culture is still driving ICT penetration in low-income areas

      The dying cybercafe culture is still driving ICT penetration in low-income areas

    Bitcoin Recent Prices

    Brandest

    Sign up for Newsletters

    Popular News

    • Instagram is Testing a New Video Call Feature, Another SnapChat Cloning?
      Instagram is Testing a New Video Call Feature, Another SnapChat Cloning?
      February 1, 2018 0
    • ‘Artists Don’t Make Money From Music Download Sites’- Choc City Rapper, AQ Talks About Digital Music Distribution in Nigeria
      'Artists Don't Make Money From Music Download Sites'- Choc City Rapper, AQ Talks About Digital Music Distribution in Nigeria
      11 months ago 0
    • Cars45 Undertakes First International Expansion, Launches in Kenya
      Cars45 Undertakes First International Expansion, Launches in Kenya
      October 18, 2019 0
    • Applications are Currently Open for 3D Africa’s #HackforGood2018!
      Applications are Currently Open for 3D Africa’s #HackforGood2018!
      June 6, 2018 0
    • Co-founder of Digital Encode, Peter Obadare, accepted into Forbes Technology Council
      Co-founder of Digital Encode, Peter Obadare, accepted into Forbes Technology Council
      5 months ago 0

    Follow Us

    Latest Tweets

    • technextdotng Events centers may now allow up to 500 people as long as it is below 50% of the hall’s maximum capacity. However,… https://t.co/dDrCTcX3Kv
      about an hour ago
    • technextdotng RT @UrvashiPrakash: 'Africans Pay 30% Above Global Rates to Send Money Abroad'- #Lemonade Growth Lead Richard Oyome #Africa #Fintech htt…
      about 15 hours ago
    • technextdotng The global adoption of cryptocurrency is at an all-time high as the total estimated users surpassed 100 million in… https://t.co/knLHyu8sgg
      about 16 hours ago
    • technextdotng RT @Gbemileke_B: This @Google Doodle for Oliver de Coque is a nice work of art @technextdotng https://t.co/yEznbfKILL
      about 16 hours ago

    Instagram

    technextdotng

    Technext.ng is the go-to site for news, reviews and insightful analysis in the Nigerian tech space.
    http://ow.ly/ayTM30mSlGS

    Today, @Google unveils a Doodle to posthumously ma Today, @Google unveils a Doodle to posthumously mark the 74th birthday of Nigerian music legend and highlife maestro Oliver de Coque, one of Africa’s most prolific recording artists of all time.

The Doodle, created by Lagos-based graphic artist and illustrator @OhabTBJ, pays tribute to the guitarist who died in June 2008 at the age of 61, following a heart attack. The creative inspiration was drawn from De Coque’s love for the guitar, his energetic performance style, his unique music brand, and his love of tradition and culture.
.
.
.
.
.
.
#afrobeats #music #music #musiclover #naijamusic #musician #musicvideo #musicislife #musicproducer #musically #musicblog #musicjunkie #Africangiant #musicjournalism
    The use of Point of Sale (PoS) machines in Nigeria The use of Point of Sale (PoS) machines in Nigeria is growing but a majority of this growth is concentrated in the country’s economic capital, Lagos. According to NIBSS Instant Payment stats, the state recorded the largest number of PoS transactions in the country.

The report shows that Lagos accounted for about 70% of the total volume of PoS transactions in 2020. This represents a 100% growth in the volume of PoS transactions in the state as the volume of PoS transactions rose from 226 million in 2019 to over 453 million at the end of 2020.

Read more on Technext.ng
.
.
.
#finance #Nigeria #Lagos #Tech #POS #ATM #Money #Cash #Funds #TechNews
    Cryptocurrency trading company, @Coinbase, is list Cryptocurrency trading company, @Coinbase, is listing on the stock exchange today for $250 per share under the ticker ‘COIN’. With a share count of 261.3 million, this gives it a valuation of $65.3 billion.

This valuation is less than the $100 billion valuation that it got from @NASDAQ. At its current valuation, however, the crypto-based startup shows growth from recent years due to uptake in its subscriber base and generated revenue.
.
.
.
.
.
.
.
#stockmarkettimes #coinbase #coinbaseipo #uslisting #bitcoin #cryptocurrency #nasdaq #cryptocurrency #btc #forex #nft #bitcoinnews #cryptocurrencies #bitcoins #tech #investment #defi #investing #entrepreneur #invest #business #cardano #eth #coinbase #tesla #dot #polkadot #xrp
    While a lot of focus seems to be on remittance inf While a lot of focus seems to be on remittance inflows, not quite enough is given to outflow and this is where Lemonade Finance comes in. While still offering its free inward remittance service, the fintech has also delved into outflow and recently launched a feature that allows its users in Nigeria and Canada to send money to the US and Europe free of charge.

“We are super excited to announce that Nigerian and Canadian users can now send money to the United Kingdom and Europe via the @Lemonade.Finance app for free,” the company said.

Read more on Technext.ng
.
.
.
.
 #moneytransfer #Lemonade #remittance #remit #remittances #Financial #Finance #Nigeria #Africa #Money #Funds #sendmoney #onlinepayment #digitalwallet #digital #payonline #money #securepayments #deposit
    UK based crypto company, @Luno_global has revealed UK based crypto company, @Luno_global has revealed that its user base has hit a milestone of 7 million in 2021. This is a growth from more than 6 million customers in January 2020.

According to CEO Swanepoel, Luno’s numbers have been increasing month-on-month over the last seven years. However, this is the first time it is seeing an acceleration of this magnitude. 

In general, this year has been a great year for cryptos. The Bitcoin rally spurred by the entrance of institutional investors caused a momentous growth in the industry.
.
.
.
.
.
.
#bitcoin #bitcoinminers #bitcoinmining #forex #forexway #forextrading #ethereum #litecoin #localbitcoins #blockchain #luno #iqoptions #fxtm #business #daytrading #onlinetrading #onlinemarket
    Ramadan Mubarak! Yes, it’s that time of the year Ramadan Mubarak! Yes, it’s that time of the year when Muslims around the world observe the sacred month of Ramadan by fasting, praying and carrying out good deeds.

However, depriving oneself of nourishment and abstaining from certain pleasures before the sun sets can be very tough during the fasting month. With this in mind, app makers have created different kinds of platforms to make the month easier and more spiritual.

In our new post, we curated some handy apps and platforms that can help to keep prayer times and directions, habits, Qur’an exploring and diet management during the fasting month.
.
.
.
.
.
.
#ramadan #ramadankareem #ramadan2021 #ramadanmubarak #Tech #Apps #Technology #Gadgets #Innovation #Invention #HappyEid
    Load More... Follow on Instagram

    Random News

    • Coronavirus Scare: Uber Drivers to be Compensated if Diagnosed with the Virus or Quarantined for Up to 14 Days
      Coronavirus Scare: Uber Drivers to be Compensated if Diagnosed with the Virus or Quarantined for Up to 14 Days
      March 9, 2020 0

      The deadly coronavirus continues to spread panic across the world. To alleviate panic among Uber drivers, Uber has announced that ...

      Read More
    Copyright 2020 technext.ng | Privacy Policy | Media Policy