Tag: Finance

Mobile users spent $171bn on apps in 2023 - Report
Business

Mobile users spent $171bn on apps in 2023 – Report

Mobile users worldwide spent $171 billion in China through third-party Android app shops, Google Play, and the App Store in 2023. This was disclosed in data.ai’s newest State of Mobile 2024 study. When compared to 2022, 2023 spending reflects a 3% rise. Last year, however, app downloads climbed by only 1% to 257 billion. According […]

Chevron Nigeria appoints new chairman
Appointments

Chevron Nigeria appoints new chairman

Chevron Nigeria Limited has a new Chairman and Managing Director, Jim Swartz. This was announced in a statement on Wednesday by General Manager, Policy, Government, and Public Affairs Chevron Nigeria Limited, Esimaje Brikinn. Swartz, who was the Vice President of Capital Projects in Houston, Texas, prior to his appointment, was named Chairman and Managing Director of […]

Nigeria's inflation will fall to 21% in 2024 - Cardoso
Business

Ghana’s inflation rate drops to 23.2%

Ghana’s inflation rate fell to 23.2% in December 2023, a considerable decrease from the 26.4% reported in November 2023. According to Bloomberg, to battle inflation, the Bank of Ghana’s monetary policy committee kept the policy rate at 30% in November for the third time in a year. The continuous decrease in inflation data has fueled […]

X removes support for NFT profile images
News Tech

X removes support for NFT profile images

Microblogging platform X, formerly known as Twitter has quietly removed the feature that allowed users to select NFT as their profile image. This follows after Elon Musk’s X revealed a broad plan for the business in 2024 that included further AI-powered capabilities. Amidst all of this, the functionality was first introduced in January 2022 under […]

Elon Musk blames 'Supervillain-Level' cyberattack for X outage
Business

Elon Musk’s X to launch peer-to-peer payments in 2024

Social media company, X, has plans to launch a peer-to-peer payment system on the platform this year as part of Elon Musk’s efforts to make it into an ‘everything’ app. Musk has been outlining plans to alter the platform once known as Twitter since acquiring the company more than a year ago, including payments, creator tools, […]

Amazon's Twitch to lay off 500 employees
Business

Amazon’s Twitch to lay off 500 employees

Amazon.com Inc.’s live streaming network, Twitch, is apparently planning a large personnel reduction, with around 35% of its workers, or approximately 500 employees, estimated to be affected. The announcement of these losses came today, Wednesday, kicking off a sequence of job cuts within the company. According to sources, this decision followed concerns over Twitch’s financial losses and […]

Seven currencies greater than the US dollar
Economy News

Seven currencies greater than the US dollar

One of the most valued currencies in the world, the US dollar is the preferred lender for many nations looking to purchase US bonds denominated in dollars. Even though the USD is seen as a trustworthy currency, there are other currencies that perform better. This implies that the foreign currency has a value higher than […]

Kenya overtakes Nigeria in start-up funding ranking
Business

Kenya overtakes Nigeria in start-up funding ranking

Alex Omenye Nigeria lost the top position for the most funded startups in Africa to Kenya. This development was contained in an analysis of the African startup funding in 2023 by a research outfit, ‘Africa: The Big Deal.’ The report stated that startups in the East African country attracted the largest amount of funding in […]

Nigerian digital entreprenuers to look out for in 2024
News Tech

Nigerian digital entreprenuers to look out for in 2024

In the dynamic landscape of Nigeria’s digital sphere, a new generation of digital entrepreneurs is emerging as pioneers, shaping the future of technology and innovation in the country. These entrepreneurs make a living and advance humanity with digital platforms. These visionaries, armed with innovative ideas and a relentless drive, turn challenges into opportunities, bringing about […]

LASBCA laments rising attacks on officials
News

LASBCA laments rising attacks on officials

The General Manager of the Lagos State Building Control Agency, Gbolahan Oki, has condemned the recent series of attacks on agency staff. According to The PUNCH, he said this in response to a recent attack on its officials with hazardous weapons and charms while on routine patrol around Lagos’ Musical Village, Awolowo Road, and Ikorodu area. […]

Kuda hits N55.8trn transactions
News Tech

Kuda hits N55.8trn transactions

Nigerian neobank Kuda has done ₦55.8 trillion in transactions since its inception in August 2019, CEO Babs Ogundeyi disclosed in a New Year’s greeting to subscribers. While serving more than seven million clients, the bank, according to Ogundeyi, accomplished this milestone. “We are proud of the headway we made against all odds,” he said. Kuda, […]

Premium smartphone market to expand by 6% - Report
Business

Premium smartphone market to expand by 6% – Report

Sales of premium smartphones (with a wholesale price of at least $600) are expected to reach a record high of 6% in 2023, according to Counterpoint Research’s Market Pulse Service. According to The PUNCH, the company, this would be in contrast to the fall predicted for the global smartphone industry last year. The report stated […]