Palm oil holds a significant position in Nigeria, both domestically and globally, being a vital commodity in industries such as food, cosmetics, and biofuels. Nigeria stands as one of the world’s largest palm oil producers, yet it grapples with challenges in the sector. A key issue is the reliance on imports to meet local demand, […]
In the era of rapid digital transformation, technology has revolutionized almost every facet of our lives, including the methods of learning and education. Despite notable progress in various sectors, the educational framework in Nigeria encounters multiple hurdles, particularly in the domain of school management and administration. A prominent challenge is the absence of all-encompassing platforms […]
Global investment firm Partech has secured $300 million (€280 million) for its second Africa-focused fund, Partech Africa II, exceeding its initial target. In the context of a recent report indicating a 50% reduction in active investors in the African tech sector, Partech’s latest development assumes increased significance. The fund’s focus is on African tech startups, with investment […]
Nigerian cleantech firm, Arnergy, specializing in decentralized renewable energy solutions, has successfully secured a $3 million bridge round investment from All On, an impact investor supported by Shell. The investment aims to enable Arnergy to capitalize on the increasing demand for solar energy in Nigeria, driven by escalating fuel expenses and an unreliable power grid. […]
To flourish and expand, businesses, particularly startups, require the expertise of a reputable Public Relations Advisory firm to strengthen brand development and achieve top-notch reputation management. This insight comes from Israel Opayemi, a leading figure in Africa’s strategic communications, serving as the Managing Director/Chief Strategist of Chain Reactions Africa (CRA), a prominent public relations and […]
The federal government of Nigeria has initiated “Project 774 LG Connectivity,” a program announced by Minister Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, aimed at enhancing digital inclusion in the nation. Tijani stated, “As part of our plans to foster inclusive development and promote access to digital public infrastructure in government, I […]
University Press, Mutual Benefit Assurance, and Daar Communication Plc took the lead in the gainers’ tables, as the equity witnessed gains of N329 billion on the Nigeria Exchange floor yesterday. In the course of the trading session, the NGX All Share Index concluded positively at 104,100.00 points, experiencing a notable increase of 0.58%. This upward […]
Today, music streaming leader Spotify revealed a significant accomplishment by surpassing 600 million monthly active users. This announcement, outlined in the Q4 2023 financial report, underscores Spotify’s ongoing efforts to thrive in the competitive streaming industry. In the last quarter alone, Spotify gained 28 million new users, marking the second-largest quarterly surge in the company’s […]
As part of its efforts to streamline operations and foster a more agile organizational structure, Snap Inc., the parent company of Snapchat, has announced plans for workforce reductions. The decision, disclosed in a filing with the United States Securities and Exchange Commission, outlines intentions to trim approximately 10% of the global headcount of full-time employees […]
In a world characterized by rapid-paced living and where stress and work demands often take the spotlight, the significance of leisure and lifestyle experiences tends to be sidelined. Recognizing this necessity, Culr is presenting a comprehensive approach to wellness through curated offerings. Despite its substantial potential, Nigeria’s leisure sector encounters numerous challenges hindering its full […]