An online streaming platform, Spotify, has revealed that Nigerian artistes made over N11 billion from the streaming platform in 2022. Managing Director of the online platform for sub-Saharan Africa, Jocelyne Muhutu-Remy, disclosed this in Lagos recently. According to her, artistes deserve clarity about the economics of music streaming. “In 2022, […]
BUSINESS
Capital Express Assurance Limited has said that its profit for the 2022 financial year increased by 61 per cent to N145.8 million from N90.7 million recorded in 2021. Chairman of the company, Mr. Ademola Adenuga, disclosed this to shareholders at the company’s 22nd Annual General Meeting (AGM) in Lagos. Adenuga […]
Moove, an African automobile financing startup, has said it has successfully secured $76m financing which will boost Nigeria’s mobility and logistics sector. It said it got a total of $334m in funding across 14 rounds. Its most recent funding, obtained through a private equity round, was secured on Wednesday. The […]
Globacom Nigeria has introduced a lotto service for the delight of its customers who wish to win large lottery prizes. Tagged Glo Green Lotto, the service makes it easy for Glo subscribers to buy their favourite lottery tickets through the use of their Glo lines and pay from their airtime. […]
In the first quarter of 2023 (Q1’23), despite assurances from the federal government, the growth in the installation of prepaid meters remained sluggish. The number of prepaid meters installed increased by 3.95% quarter-on-quarter (QoQ), reaching a total of 171,107 units. This modest rise came in comparison to the 164,612 meters […]
ZENITH Bank Plc has entered into a Memorandum of Understanding (MoU) with the African Continental Free Trade Area (AfCFTA) Secretariat to collaborate on the development of the SMARTAfCFTA Portal. This portal aims to enhance trade promotion within the African continent by providing a unified platform for trade information. SMARTAfCFTA serves […]
The Nigerian Communications Commission (NCC) has issued a stern warning to traders and stakeholders involved in the sale and purchase of phones and telecommunications gadgets that lack the NCC’s type approval. The commission emphasized that such actions could have severe negative consequences. Under the Nigerian Communications Act (2003), the NCC […]
… Partners Geological Survey Agency L-R: Dr. Bashir Gwandu, Executive Vice Chairman, National Agency for Science and Engineering Infrastructure (NASENI), receiving from Dr. Abdulrazak Garba, Director-General, Nigerian Geological Survey Agency (NGSA), a geological map containing locations of solid minerals in Nigeria during a working visit to the NASENI Headquarters, Abuja […]
By Idris Bakare The National Pension Commission has dismissed documents in circulation purporting that its Director-General, Mrs. Aisha Dahir-Umar, spent millions of dollars on travel during the COVID-19 pandemic. In a statement, PenCom described said the accusation against the director-general was a figment of the imagination of its promoters. It […]
By Idris Bakare Indigenous conglomerate, Transnational Corporation Plc, has reported that its revenue for the half year of 2023 grew by 31 per cent and that it achieved commendable growth across major indices. In a statement on its Unaudited Condensed Consolidated Financial Statements For the period ended June 30, 2023, […]