Snap Inc has said that it raked up 10 million users for its Discover news and video feature in France a year after launching there. The figure, which has not previously been reported, is equivalent to about 15 percent of the country’s population. Internationally, the Snapchat app has 173 million daily active users, the company […]
Business
Hefner, Playboy founder dies at 91
Playboy founder Hugh Hefner, who helped usher in the 1960s sexual revolution with his groundbreaking men’s magazine and built a business empire around his libertine lifestyle, died on Wednesday at the age of 91. Playboy Enterprises said in a statement that, Hefner, once called the “prophet of pop hedonism” by Time magazine, peacefully passed away […]
Nigeria, Turkey strike agreement on arms influx
Worried by the influx of illegal arms from Turkey into Nigeria, both countries have agreed to cooperate to stop the export of harmful items. The Comptroller-General of Customs, Col. Hameed Ali (rtd) and Turkish Ambassador to Nigeria, Mr Hakan Cakil, made the agreement on Tuesday in Abuja. A statement by the Service Public Relations officer, […]
Twitter initiate test on 280-character tweets
The days of Twitter Inc (TWTR.N) limiting messages to 140 characters, a signature of the social network since its launch in 2006, may be numbered. Twitter said on Tuesday that it would begin a test with a random sample of users allowing them to send tweets that are as long as 280 characters, double the […]
2017 trade fair: LCCI to host 200 foreign exhibitors, 500,000 visitors
The Lagos Chamber of Commerce and Industry (LCCI) said over 200 foreign exhibitors from more than 15 countries and an average of 500,000 visitors are expected to attend the 2017, Lagos International Trade fair (LITF). According to Mr Sola Oyetayo, Vice President and chairman, Trade Promotion board of LCCI, the 10 days event with the […]
CAC crashes cost of business registration
The Registrar-General, Corporate Affairs Commission (CAC), Mr. Bello Mahmud, said on Tuesday in Abuja that the cost of business registration in Nigeria was now cheaper and its process simplified to enable small entrepreneurs to register their businesses. Muhmud announced this in a statement by Head, Public Affairs, CAC, Mr Godfrey Ike. Muhmud disclosed this while […]
Forex: CBN opens week with $195m ahead of MPC decisions
The Central Bank of Nigeria (CBN) on Monday boosted the foreign exchange market by offering a total of $195 million in three segments of the market. In the wholesale Secondary Market Intervention Sales (SMIS) of the Inter-bank Foreign Exchange Market, it auctioned $100 million and also intervened in the Small and Medium Enterprises (SMEs) and […]
Western Lotto empowers 2000 Nigerians
Lottery firm, Western Lotto has empowered over 2,000 Nigerians with N82 million since it commenced operation barely two months ago. Managing Director, Mr Yomi Ogunfowora, who disclosed this in Lagos recently stated that the term of reference of Western Lotto is to bring fun and hope to the Nigerian public. “We bring to Nigerians consumer […]
Content board targets $1bn intervention
The Nigerian Content Development and Monitoring Board (NCDMB) has said that it expects the Nigerian Content Intervention (NCI) fund to hit $1 billion in the next three years NCDMB disclosed this at its’s research and development forum Monday in Lagos. The board’s executive secretary, Simbi Wabote, said with the launch of $200 million intervention fund […]
EU seeks more protection for Uber-style jobs
The European Commission wants more social protection and rights for casual workers, such as those in the “gig economy”, and others with non-standard contracts to try to tackle growing social inequality. According to Reuters, the Commission’s consultation document is part of a broader reworking of the EU’s economic priorities, after pressure from populist forces that […]