Tag Archives: market

Netflix has reportedly exited the Nigerian market as the country’s economy records further collapse.  Film maker Kunle Afolayan seemingly confirmed this as he revealed that Netflix has cancelled previously commissioned projects.  The streaming giant recently cancelled its Nigerian Originals and an executive reportedly cited cases where the film studios had no electricity and had to rely on generators on set.  …

Following the news of Prime Video’s exit from Nigeria, Netflix has been rumoured to have left quietly for a while now. Netflix has been a game-changer in how Nigerians consume entertainment. From thrilling Nollywood originals to Hollywood blockbusters, the platform has been our go-to for endless binge sessions, date nights, and even family bonding. But recently, whispers have been circulating: …

Helsing’s new strike drone launch comes as the company tries to capitalise on the growing interest in autonomous weapons, the effectiveness of which has been highlighted by the war between Russia and Ukraine. ADVERTISEMENT German artificial intelligence (AI) and security company Helsing has launched its first strike drone, named HX-2.  The move comes as the company attempts to take advantage …

The DAX hit a new high for the second straight trading day on Monday. Strong performances in the technology, financial, and industrial sectors have fuelled the rally, despite broader economic weakness. ADVERTISEMENT Germany’s benchmark, the DAX, reached an all-time high for the second straight trading session, rising 1.57% and nearing the 20,000 mark. Despite the recent negative economic readings and …

EU house prices increased by 48% between 2010 and 2023, while housing costs, including paying for utilities skyrocketed in some member states, according to the latest report about housing in Europe by Eurostat. ADVERTISEMENT People in Ireland battled the highest housing costs, including water, electricity and gas, in 2023, which was double the EU average, according to Eurostat.  The second …

Tenure insecurity for land and housing is on the rise globally, including in Europe, warns a new report. Increasing rent and mortgage costs are among the key drivers of this growing perception of insecurity. ADVERTISEMENT The latest global assessment of land and housing tenure security reveals concerning trends. According to the 2024 Prindex Report, approximately 1.1 billion adults worldwide – …

The Minister of Aviation and Aerospace Development, Festus Keyamo, has stated that Nigeria remains the most viable aviation market in Africa, with the potential to become a key aviation hub on the continent. Speaking on a Channels Television program, Keyamo emphasized Nigeria’s strategic position in the aviation sector, saying, “Nigeria is the most viable country in Africa when it comes …

The c0rpse of a newborn baby girl has been found at an old market area in Paiko, the headquarters of Paikoro Local Government Area of Niger State.   Residents told Daily Trust that the baby was found with a broken head on Thursday, November 21, 2024.   One of the residents, Musa Danjuma, told the publication that the remains had …

The European stock markets rebounded on Thursday but remained in negative territory for the week as rising geopolitical tensions weighed on sentiment. ADVERTISEMENT Stock markets on both sides of the Atlantic diverged this week. The European equities remained under pressure amid rising geopolitical tensions, while Wall Street sustained the upside momentum following robust Nvidia’s quarterly earnings result. The escalation in …

First Lady Senator Oluremi Tinubu has urged market women across Nigeria to avoid unfairly increasing food prices as the festive season approaches. Speaking at the 2024 Ebonyi Women’s Day Celebration in Abakaliki, she appealed for restraint in price hikes, emphasizing the importance of affordability for all Nigerians during the yuletide.   “With the Yuletide season fast approaching, I want to …