History as Apple buys Nigerian owned HotStop.com for $1bn

Chinedu Echeruo. Image credit: Forbes

In my opinion, Nigerians are the most talented people in Africa. Perhaps it's due to their level of academic, travel or/and media exposure. "In every twelve, there will always be a Judas", they say, but there so many positive stories about the country and her people than what is told about them. Nigerians are always up there to prove to the world what they are capable of. Here is another good news... 

For $1billion, Apple Inc. bought Nigeria's Chinedu Echeruo’s HopStop.com, The Wall Street Journal’s publication, AllThingsDigital reports.

Echeruo, formerly an analyst at investment banks and hedge funds, founded HopStop 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 report but HopStop has been compared to Israel’s Waze which was recently bought by Google for $1 billion.