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President Trump finally bans TikTok, WeChat

President Trump issued directives banning any U.S. transactions with Chinese tech companies.



U.S. budget suffers a deficit of $3.1 trillion in 2020, as pandemic slams the economy, President Trump to decide fate of TikTok in 24-36 hours, Vaccine, America's Trump finally bans TikTok, WeChat, US imposes visa ban on Nigerians for election-related activities, I am not going to do second debate - Trump

China’s tech industry is having a rough time right now. The stock price of China’s tech juggernaut, Tencent, lost 5.04% on Friday morning after America’s President Donald Trump issued executive orders targeting TikTok and WeChat.

The Hang Seng Tech index, which tracks the 30 largest technology companies listed in Hong Kong that pass the screening criteria, also fell 2.51% to close at 7,386.66. On Mainland China, the Nasdaq-style start-up board Chinext slipped 2.065% on the day to about 3,059.87.

Note that WeChat, which belongs to Tencent, and TikTok whose parent company is ByteDance, are both based in China.

READ MORE: President Trump dumps plan to force foreign students to leave the US

What happened: President Trump, yesterday, issued directives banning any U.S. transactions with the Chinese tech firms —Tencent and ByteDance. The ban will take effect in 45 days and could attract retaliation from the Chinese.

According to Trump, WeChat “automatically captures vast swaths of information from its users. This data collection threatens to allow the Chinese Communist Party access to Americans’ personal and proprietary information.” He went on to say that the application also captures personal information of Chinese nationals visiting the U.S.

READ ALSO: TikTok to relocate headquarters to London following approval by UK ministers

China’s response: China’s foreign officials disclosed on Friday at a media briefing that it was strongly against President Trump’s executive orders. It said that China will defend the legitimate rights and business interests of China according to foreign ministry spokesman Wang Wenbin.


Olumide Adesina is a France-born Nigerian. He is a Certified Investment Trader, with more than 15 years of working expertise in Investment trading. Message Olumide on Twitter @tokunboadesina. He is a Member of the Chartered Financial Analyst Society.

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Cryptocurrency market bearish as ICP and SHIBA make top 20 entry

ICP and SHIB made entries into the top 20 coins by market capitalization, taking the #5 and #17 spot respectively.




In the last 24hrs, the cryptocurrency market space took a hit amidst a decline in the Dow Jones Industrial Index, S&P500 and NASDAQ composite index. Although there is no known reason for the current decline, it is important to know that the cryptocurrency space is known for its volatility, and these types of dumps are expected.

With the decline in certain major cryptocurrency like Bitcoin, Ethereum and Binance, it is important to also note that 2 coins, Internet Computer (ICP) and Shiba Inu (SHIB) made entries into the top 20 coins by market capitalization, calculated by coinmarketcap, taking the #5 and #17 spot respectively.

Internet Computer (ICP)

ICP was listed yesterday on coinmarketcap with the price currently trading $459.24 which represents 213.58% gain from its all-time low. It has a market cap of $56,830,052,964 and a circulating supply of 123,747,068 units.

Internet Computer is the world’s first blockchain that runs at web speed with unbounded capacity. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum. It is a blockchain computer that scales smart contract computation and data, runs them at web speed, processes and stores data efficiently, and provides powerful software frameworks to developers. By making this possible, the Internet Computer enables the complete reimagination of software, providing a revolutionary new way to build tokenized internet services, pan-industry platforms, decentralized financial systems, and even traditional enterprise systems and websites.

Shiba Inu (SHIB)

The Shiba Inu is currently trading at $0.000032. The coin is up 108.12% in the last 24 hours as a result of its listing on the Binance exchange. It has a market capitalization of $12,527,102,361 and a circulating supply of 394,796,000,000,000 units.

Shiba Inu coin is a cryptocurrency meme token and allows users to hold trillions of them, according to its website. These tokens are listed and incentivized on the ShibaSwap, its decentralized exchange. Its website claims to have locked 50% of its total supply to Uniswap, while the remaining have been burned to Ethereum founder Vitalik Buterin. The tokens feature the same Shiba Inu dog as Dogecoin, which has rocketed in popularity recently. The Shiba token is nicknamed the “Dogecoin Killer” as it aims to replicate and surpass the success of Dogecoin.


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Tech News

Best mobile operators in Nigeria judging by market share and market penetration

MTN controls the largest share of the mobile market with over 39.5% market share followed by Globacom with 27.7%, Airtel 26.3%, and 9mobile with 6.5%.



Data War: MTN edges our Airtel for first time in 5 months as 493,556 subscribers dump Glo, 9mobile , MTN is winning the data war, as 1.88 million subscribers dump Glo, 9mobile, Data War: MTN gains 8.18 million subscribers in 2019, as Airtel edges Glo, 9mobile

Over the years, Nigeria has become one of the largest telecoms markets in Africa with more than 192 million active telecoms users. Nigeria has four main mobile operators: MTN, 9mobile, Airtel, and Globacom. A large number of Nigerians access the internet with their mobile phones which has helped to improve the revenue gotten by these mobile operators.

MTN controls the largest share of the mobile market with over 39.5% market share followed by Globacom with 27.7%, Airtel 26.3%, and 9mobile with 6.5%.

Here is a review of the top mobile operators based on market share and market penetration.

Comparison of data bundles and call plans


MTN is Nigeria’s premier provider of connectivity, communication, and business collaboration solutions. It is the largest privately owned mobile operator in Africa, Europe, and the Middle East. The company has continued to be the leading mobile operator in Nigeria with over 62,843,182 customers and a 39.5% market share.

  • MTN Data Plans

Mtn offers many options for data plans and they go for as low as N50 for 40MB for daily plans and as high as N450,000 for 4.5TB for yearly plans.

MTN also has various bundles for social media platforms like Facebook, Twitter, Opera, and WhatsApp; and they go for as low as N25 for 20MB.

  • MTN Voice Call Plans

MTN voice call plans vary as low as 11.26K/Second for MTN Trutalk and 36.00K/Second for MTN YAFUN YAFUN.


Glo Mobile (by Globacom) is a multinational telecommunications company founded on 29 August 2003 by Mike Adenuga. It is the first single company to build a high-capacity submarine fibre-optic cable, popularly known as Glo-1. Glo has a market share of 27.7% with over 39 million customers.

  • Glo Data Plans

Data plans here range from N50/50MB for daily plans to 100,000/ 1 TB (1 year). There are also packages for social media platforms like Whatsapp, Facebook, Twitter, Tiktok, Telegram, and Youtube that go for 25/100MB (1 day).

  • Glo Voice Calls

Glo offers different plans for voice calls as low as 11k/sec. Some of the plans offer 7 times the value of every recharge. For example, a recharge of N100 gives you a N700 bonus where N400 is for voice calls to any network and N300 is for data.


Airtel Networks Limited is a leading telecommunications services provider with headquarters in Lagos, Nigeria. The telco ranks amongst the top three mobile service providers in terms of subscribers with a customer base of more than 39 million users and a 26.3% market share. The company’s product offerings include 2G, 3G, and 4G wireless services, mobile commerce, home broadband, and enterprise services.

  • Airtel Voice Call

Airtel voice calls range from as low as 11.00K/Second  SMART PREMIER to 50K/Second SMART CONNECT (Comes only with new SIMs).

  • Airtel Data Plans

Airtel offers low-cost data plans N50/40MB (1 day). Monthly plans come with a YouTube package for example N1,000/1.5GB comes with 2GB YouTube night streaming (30 days). Airtel also offers social bundles for social media platforms like WhatsApp, Facebook, Twitter, Instagram, opera.


9mobile is a Nigerian telecommunications services provider with over 6 million users and a 6.5% market share. 9mobile has taken a leading role in the market for exceptional Customer Experience, Quality of Service, and Innovation. At 9mobile, Innovation is not just a buzzword, it is about how the company brings meaning into people’s lives, relentlessly pushing the frontiers to find new ways to solve everyday challenges.

  • 9mobile Voice Calls

Voice call rates go for as low as 11k/Second and as high as 40k/Second. SMS go from as low as N4 to as high as N25/SMS.

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  • 9mobile Data Plans

Data plans here go for N50/25MB (1 day) up to N100,000/365GB (365 days). Social media bundles are also available for as low as N50 for WeChat, WhatsApp, Facebook, and Twitter.

What users think

Users’ experiences with the different network operators vary based on geographical location and type of gadget. MTN is the best network as it has a wider coverage and is easily accessible in urban and most rural areas.

Airtel is another good network provider. Although the telco company does not have the same coverage extent as MTN, its data plans and call tariffs are very affordable.

Glo offers cheap and affordable data plans and bonuses on calls.

9mobile’s data plans are more expensive than the other network operators and the network has comparatively lower coverage than the others.

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