Statistics

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 […]

Patrice Motsepe, the President of the Confederation of African Football (CAF), stated on Friday in Abidjan that no fewer than two billion people globally are tuning in to watch the 2023 Africa Cup of Nations (AFCON) in Côte d’Ivoire. Motsepe shared this information during a news conference ahead of the AFCON final, emphasizing the accomplishment […]

Examining the Fallout from the Crisis in Nigeria’s Poultry Sector Data reveals a stark reality. Recently, the Poultry Association of Nigeria (PAN) voiced serious apprehension regarding the closure of over 50 percent of poultry farms in 2023. This signifies that for every two poultry farms in Nigeria during 2023, one ceased operations. This 50 percent […]

Stakeholders within the maritime sector have expressed strong disapproval of the newly adjusted customs duty exchange rates by the Nigeria Customs Service (NCS). Critics argue that the hike in import duty is detrimental, leading to increased inflation and a further decline in the purchasing power of Nigeria’s impoverished population. Prince Olayieola Shitti, the former president […]

The Central Bank of Nigeria (CBN) has increased the forex rate for goods clearance from N1444.56/$ to N1515.09 against the USD, marking a rise of N70.53 compared to the previous rate. A check of the federal government’s single-window trade portal of the customs service indicates that the former forex rate of N1444.56 to the USD […]

The Upstream Petroleum Regulatory Commission in Nigeria is contemplating the relocation of certain units to Lagos, as outlined in a document disclosed to journalists. Dated February 14, 2024, the memo states that this decision aims to improve service delivery, curtail operational expenses, and optimize assets situated in Lagos. The memo further emphasizes the commission’s objective […]

The Nigerian federal government has the potential to support entrepreneurs by stimulating the economy, facilitating accessible loans, and making substantial investments in education and technology – Adegbenga Ismail Adegbenga Ismail Dare serves as the Chief Executive Officer at Lakelink Medical and Laboratory Limited, a company specializing in medical laboratory equipment, hospital equipment, general laboratory setup […]