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Blackberry Unveils New Android Phone

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  • Blackberry Unveils New Android Phone

Blackberry Mobile Nigeria on Monday unveiled Blackberry KEY2 LE, an Android version of Blackberry smartphone in the Nigerian market.

The re-born icon Blackberry brand is being sponsored by Ngilex Mobile Ltd.

Speaking during the unveiling in Lagos, the Chief Executive Officer, Ngilex, Mr Kingsley Obaji, said that with the Blackberry KEY2 LE, the company was targeting 10 per cent market share in Nigeria by end of 2019.

Obaji said that Nigeria was 7th in the world in terms of cell phone usage; hence, the Nigerian smartphone market had to be taken seriously.

He said that Blackberry was ready for the competition in the market, as it had the best product that would enable it become the leader in the smartphone market in a couple of years.

According to him, Ngilex Mobile wants Blackberry phones to be organic, to be part of Nigerian smartphone business; hence, is looking at what the market demands.

“Nigerian market demands the best. The market is large; the Nigerian users are smart and looking for better options.

“We are looking at capturing some five per cent to 10 per cent market share within the next year and this requires a lot of efforts in marketing and outreach,” he said.

The Ngilex boss said that the all-new Blackberry smartphones brought together iconic Blackberry features; with new experience that included dual-SIM, dual-rear camera, more intelligent keyboard, extended battery life and improved privacy controls.

He said that the Blackberry KEY2 LE ran the latest Android 8.1 Oreo operating system and provided access to millions of applications in the Google Play store.

Obaji said that Nigeria was the first country in Africa to receive and market the Blackberry KEY2 LE smartphone.

He said that the KEY2 LE came at a time when the Nigerian market was looking for a different smartphone option.

According to him, the company brings values of productivity, reliability and security to the next level.

“Talking about productivity, the BlackBerry KEY2 LE has all the features you need to manage your work, travel, and personal life on the go.

“This includes support for dual personal accounts and business ready software that makes it easier to manage all aspects of your business and personal life.

“The BlackBerry KEY2 LE is the first BlackBerry with dual account management built in to enable you to separately manage both personal and professional social media profiles on apps like Facebook and Instagram.

“All Blackberry devices we are bringing into Nigeria are dual SIM enable and will support dual WhatsApp and other apps that require unique numbers.

“In Nigeria, most cell phone users are carrying multiple phones on multiple carriers. You can have these lines on a single device, while avoiding carrying the power bank that most users are used to here in Nigeria,” he said.

Obaji said that the phone came with BlackBerry Hub, which brought all your messages into one consolidated place – including emails, texts and messages from almost any social media account; including WhatsApp.

He said that for reliability, the phone had power to get one through the day with enhanced battery features.

“The BlackBerry KEY2 LE features a powerful and efficient Qualcomm Snapdragon processor and battery that can stay powered through a full day and often into a second day of use (22 hours of mixed usage).

“With contextual battery reminder, the BlackBerry KEY2 LE will learn from your daily charging habits and calendar appointments to recommend when to charge.

“This is to ensure you have the battery power to get through important meetings, trips, and events. Never get caught out again with suddenly needing to charge before going flat.

“Qualcomm Quick Charge 3.0 enables up to 50 per cent charge in just 36 minutes. Turbo Charge your battery and get power fast, to do more, when you need it most.

“The BlackBerry KEY2 LE includes enhanced security and built-in privacy features right from the start,” he said.

The Vice President, Ngilex Mobile Ltd., Thomas Larson, said that the Blackberry KEY2 LE experience was different, compared with many smartphone options in the market.

Larson said that the phone combined the best of professional and personal use and the price could not be matched.

“All our phones come with standard one-year warranty provided by McDorsey Services Company Ltd., ” he said.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Fintech

From Trading to Credit: Robinhood Launches No-Fee Credit Card with Gold Membership Perks

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Robinhood Markets Inc. has announced the launch of its highly anticipated no-fee credit card and it was accompanied by exclusive perks for Gold membership subscribers.

This bold move is a step in the company’s mission to evolve into a comprehensive financial services provider.

The Robinhood Gold Card boasts an array of enticing features. Chief among them is the absence of annual costs or foreign transaction fees, positioning it as an attractive option for consumers seeking financial flexibility.

Moreover, cardholders stand to benefit from a generous 3% cash back on all categories of purchases, a competitive offer in comparison to industry rivals.

Vlad Tenev, CEO of Robinhood, emphasized the company’s commitment to innovation and industry leadership in an interview.

He expressed the intention to not merely introduce a credit card, but to revolutionize the market with a product that sets new standards for customer satisfaction and financial empowerment.

The announcement has sparked enthusiasm among investors, with Robinhood’s shares witnessing a 6.9% surge in early market trading following the news.

This surge further underscores the market’s confidence in the company’s strategic direction and its potential to disrupt traditional financial services.

Beyond the credit card venture, Robinhood has been steadily diversifying its offerings. With the introduction of retirement products and the expansion of commission-free trading services internationally, the company is positioning itself as a formidable player in the global finance landscape.

As Robinhood continues to innovate and expand its suite of services, its trajectory suggests a promising future as a leading force in democratizing access to financial tools and services.

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Telecommunications

NCC Files Copyright Infringement Charges Against MTN Nigeria and Others

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Karl O Toriola - Investorsking.com

The Nigerian Copyright Commission (NCC) has taken legal action against MTN Nigeria Communications Ltd. and four individuals, including its Chief Executive Officer, Karl Toriola, over alleged copyright infringement.

The charges, filed in the Federal High Court, Abuja Division, revolve around the unauthorized use of musical works belonging to artist Maleke Idowu Moye.

According to the NCC, the defendants are accused of offering for sale, selling, and trading musical works of Maleke without his consent between 2010 and 2017. These works were allegedly used as Caller Ring Back Tunes without proper authorization.

The musical pieces in question include popular tracks such as “911,” “Minimini-wanawana,” and “Stop racism,” among others.

The commission further alleges that the defendants distributed these musical works to subscribers without authorization, infringing upon the rights of the artist.

The charges are based on provisions of the Copyright Act, Cap. C28, Laws of the Federation of Nigeria, 2004.

As the case awaits assignment to a judge and a fixed date for mention, it marks a significant development in the ongoing efforts to uphold copyright protection in Nigeria’s telecommunications sector.

This legal action underscores the NCC’s commitment to safeguarding the intellectual property rights of artists and creators within the country.

MTN Nigeria, a major player in the telecommunications industry, now faces a legal battle that could have broader implications for how intellectual property rights are respected and enforced within Nigeria’s digital landscape.

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Telecommunications

MTN’s MoMo Sees 32.2% Surge in Transaction Volumes

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MTN Nigeria - Investors King

MTN Group’s mobile money platform, MoMo, has experienced a 32.2% surge in transaction volumes.

With 72.5 million active users, MoMo continues to solidify its position as a leading fintech service provider in Africa, tapping into the continent’s burgeoning mobile banking sector.

The company’s success underscores the growing trend of Africa’s young and tech-savvy population embracing mobile technology to address financial needs.

Mobile phones are increasingly becoming a tool for bridging gaps in services, particularly in banking, presenting a lucrative opportunity for wireless carriers like MTN to capitalize on the burgeoning fintech market.

MTN’s achievement comes as it finalizes a deal with Mastercard Inc., valuing its fintech business at an impressive $5.2 billion.

This strategic partnership further enhances MTN’s position in the digital finance space, positioning it for continued growth and innovation.

However, MTN is not alone in its fintech endeavors. Rivals such as Airtel Africa Plc, Safaricom Plc, and Vodacom Group Ltd. are also making strides in digital transformation, with plans to separate and monetize their fintech businesses in the long term.

Airtel Africa, for instance, is reportedly considering an IPO for its mobile money unit, indicating the high stakes and intense competition within the sector.

Despite the remarkable success in its fintech ventures, MTN faced challenges in its core telecommunications business, with service revenue growth slowing to 6.8%.

Inflation and currency devaluation in key markets, particularly Nigeria, impacted profitability, highlighting the complexities of operating in diverse African markets.

As MTN continues to expand its fintech footprint and invest in infrastructure to enhance connectivity across the continent, it remains poised to capitalize on the immense potential of Africa’s digital economy.

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