This should come as great news to all entrepreneurs and those thinking of startups.Apple has acquired Nigerian Entrepreneur Chinedu Echeruo’sHopStop.com, The Wall Street Journal’s publication, AllThingsDigital reports. Founded in 2005, HopStop.com makes mobile applications for both iOS and Android that covers over 300 cities and that helps people get directions or find nearby subway stations and bus stops. Terms of the deal have not been disclosed as at the time of this publication. HopStop has oft been compared to Israel’s Waze which was recently acquired by Google for $1 billion. The move is seen as Apple’s plan to bolster its map offering especially given Google’s recent acquisition of Waze. Chinedu Echeruo grew up in the east, and attented Kings College in Lagos. He completed his bachelor’s degree from Syracuse university and went on to Havard Business School for his graduate studies. He founded HopStop.com after working for several years in the Mergers & Acquisitions and Leveraged Finance groups of J.P Morgan Chase where he was involved in a broad range of M&A, Financing and Private Equity transactions. He also worked at AM Investment Partners, a $500 million volatility-driven convertible bond arbitrage hedge fund.
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Apple Buys Nigerian Entreprenuer Chinedu Echeruo’s Online Mapping Startup For $1 Billion
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Cyber Hackers Infiltrate Nigerian Army Computers
Cyber Hackers have infiltrated the intricate computer security systems of the army hq in the Federal Capital, Abuja and are using one of its email accounts to scam the general public into making payments. One of the emails the hackers sent out to random people on the compromised emails reads “I need your help” reads “good morning, I’m so sorry to bother you on this, I just heard that my younger sister was involved in an accident en-route Kogi and she needs to be operated urgently and the hospital is demanding for about 83,000 naira before they commence the surgery, and I understand she is in a very bad state I can’t meet up the urgency from here, please I beg of you to assist me on this? I will refund you as soon as I get back; I can send the doctors acct details to you if you can help me! Please email me back please.” Colonel John Agim of the public relations directorate said in a statement that “it has come to the notice of this directorate that some fraudsters are using our official email address to circulate messages seeking for financial assistance from the general public.
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Wizkid Beats Davido
WizkId, Ayo Balogun has got every reason to beat his chest again, even going as far as calling everyone “broke” this time around with a bit of a smirk on his face is another feat that has been added to his mounting heap of honours and accomplishments. Though the 24-year-old met a lot of big guns on the scene but it appears he is out-muscling them on the popularity contest by a long stretch. The twitter followers check reveals the ‘Pakurumo’ crooner has followers totalling over 720,000 while next in line to him, D’Banj, Tuface Idibia and close rival Davido are a long shot away, with the closest person with followers less than 400,000 people. For sometime now, leading social media, twitter has been the litmus test to measure popularity, especially among entertainers the world over. Lady Gaga got so big she felt she should have a social media of her own, hence ‘Little Monsters’ was born.
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