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Home Blog Page 5443

Nigeria’s GREAT Call On Emirates

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Good move Nigerian Civil Aviation Authority (NCAA) on Emirates. A really great piece of music is playing in Abuja and Dubai now. Since we took a tougher position even British Airways and associated authority are approaching things in more respectable manners.

I do not like these international commercial confrontations but I have grown to understand that sometimes they could be the only ways to make progress in this world. UAE cannot give Air Peace just one weekly flight (out of 3 it requested)  when we are giving Emirates 21.

I commend the NCAA: it is called reciprocity – 1 for 1! If Air Peace gets one, Emirates also gets 1. But if they allow Air Peace the 3 it asked for, then approve the 21 Emirates requested. It is called fairness!

Full statement from NCAA below

“Following the lifting of the ban on Emirates Airlines passenger flights to Nigeria by the Government, the UAE based airline applied to Federal Ministry of Aviation for approval of its Winter flight schedule. The requested schedule consisted of 21 weekly passenger flight frequencies to Nigeria, comprising of two daily flights to Murtala Muhammed Airport, Lagos and one daily flight to Nnamdi Azikwe International, Abuja.

“The Minister of Aviation graciously approved the Winter schedule as requested without any hindrances in the spirit and intent of the Bilateral Air Services Agreement (BASA) between Nigeria and UAE.

“Air Peace Airlines, the only Nigerian airline that operates passenger flights to UAE, requested for 3 weekly passenger flight frequencies and was granted only one weekly passenger flight frequency. The NCAA counterpart in UAE attributed the development of this action to non-availability of arrival slots at the Sharjah International Airport.

“The Minister of Aviation decided to apply the principle of reciprocity and withdraw the approval given to Emirates Airlines and instead approve one weekly flight frequency to Abuja on Thursday. The DG, NCAA notified the country manager of Emirates Airlines of the new approved weekly flight frequency schedule.” Director-General, Nigerian Civil Aviation Authority (NCAA), Musa Nuhu.

TikTok Racks Up the Highest Revenue in 2021 As Consumer Spending on Mobile Apps Reaches $133 Billion

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The brand is growing

TikTok, the high-flying short video app, is ending the year 2021 as the non-game app with the highest revenue, according to Sensor Tower Store Intelligence data.

App stores experienced a boom in 2019 and 2020, following huge global spending on both mobile games and non-game apps. TikTok has been on top of the trends table as young people flock to the platform, getting paid for their contents. The app has more than one billion users. 

The huge adoption saw TikTok downloads skyrocket, eclipsing other social media apps as the most downloaded on the App Store for 2021, racking up 745.9 million installs across both app stores. This is despite a dip of 24 percent year-over-year from 980.7 million installs in 2020, demonstrating the app’s global popularity even as it was removed from its top market India, according to Sensor Tower data.

Besides downloads, TikTok has also surpassed YouTube for average watch time in US and UK. Sensor Tower said the app will stay on the top of the revenue chain.

“TikTok, including Douyin on iOS in China, will maintain its dominance at the top of the chart as the non-game app that saw the most revenue across both app stores combined. ByteDance’s short video platform passed $3 billion in lifetime revenue earlier this year—in the first 11 months of 2021, the app saw $2 billion in revenue, up 67 percent Y/Y from $1.2 billion. By the end of the year, Sensor Tower forecasts that the app will see $2.3 billion in spending, bringing its lifetime total to $3.8 billion,” it said.

Generally, TikTok’s revenue growth was buoyed by the boom in adoption and spending for both mobile games and non-game apps in 2020, market trends began normalizing in 2021 as worldwide consumer spending is projected to reach approximately $133 billion on in-app purchases, premium apps, and subscriptions across the App Store and Google Play, according to Sensor Tower Store Intelligence data.

This represents 19.7 percent year-over-year growth from $111.1 billion in 2020, nearly mirroring the 21 percent Y/Y growth consumer spending experienced in 2019. Global consumer spending in non-game apps grew 19.7 percent to $133 billion in 2021.

While TikTok leads the pack, other apps also show incredible numbers in downloads and revenue. On Google Play, Facebook tops the charts with about 500.9 million installs on that marketplace alone. Across both marketplaces, the app will see about 624.9 million installs, down 12 percent Y/Y from 707.8 million, Sensor Tower said.

App stores, downloads and revenue

However, when it comes revenue, the app stores have had it differently in 2020 and 2021. Sensor Tower forecasts a drop in downloads for Apple’s App Store and increase for Google’s Play Store.

“First-time installs remain relatively flat when compared to 2020, growing 0.5 percent Y/Y across the App Store and Google Play to 143.6 billion in 2021 from 142.9 billion 2020. This is driven mainly by app adoption on Google Play, which will see installs climb 2.6 percent Y/Y to 111.3 billion from 108.5 billion; Apple’s marketplace will generate about 32.3 billion installs this year, down 6.1 percent from 34.4 billion,” it said, adding that worldwide app downloads grew 0.5 percent year-over-year to 143.6 billion in 2021.

App Store revenue is expected to increase by 17%, while Play Store will climb more than 23%.

Globally, consumer spending on the App Store will reach $85.1 billion, up 17.7 percent Y/Y from $72.3 billion in 2020. Although users have spent less on Google Play, that platform will see more Y/Y growth, climbing 23.5 percent to $47.9 billion from $38.8 billion. The two platforms’ spending relative to each other remains the same as in 2020, with the App Store seeing about 1.8 times the revenue as Google’s marketplace, Sensor Tower said.

The firm projects that Google One, which has amassed more revenue in 2021, will reach $1 billion in consumer spending, up 123% year-over-year from $448.5 million last year.

Focus on understanding how the customers use your products!

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Focus on understanding how the customers use your products! They can even conceptualize a new use case which you never imagined. It is all good provided of course the usage is within the law.

You have created toothpicks for cleaning teeth, but some customers are buying them for eating suya (grilled strips of meat).

That the toothpicks are now used for eating suya must not diminish your playbook. Rather, your business antenna must pick that your product has a new use case.

Winning in markets requires awareness and observation – shine your eyes because a product is whatever customers say it is, notes Francis Oguaju.

Comment on LinkedIn Feed

Comment #1: It’s highly limiting to innovation to dictate to customers how or what to use a product for, except it’s to restrain usage from breaching ethical boundaries.

Your customers are not made for your solutions, it’s the other way round. So, your job as an innovator to guide innovation where it naturally wants to go, not where you want it to go. Your wants are heavily biased in the grand scheme of things and hence faulty.

Comment #2: This is a great example – innovation is a process, and not a destination. Identifying new applications for existing competencies and deciding which opportunities to pursue are critical to remaining relevant as new opportunities arise and existing markets evolve.

REPORT: Despite growth in Internet Use, Nigerians Consumed 69 million Volume of News in 2021

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As part of the dissemination of outcomes of the news consumption trend analysis for 2021, our analyst has also discovered that Nigerians searched and read news categories earlier reported less despite growth in internet data subscription during the year. Generally, existing statistics shows that the internet penetration is 50.2%, while the mobile internet user penetration is equally increasing.

According to the Statista, “as of August 2021, already 48 percent of the Nigerian population was using a mobile device to access the internet. In 2026, almost all the internet users are expected to use a mobile device, 59,7 percent of 59.9 percent of total internet use.”

Exhibit 1: Mobile Internet Subscribers per month in 2021

Source: Nigerian Communications Commission, 2021; Infoprations Analysis, 2021

Looking at our data and the number of mobile internet subscribers, it emerged that the subscribers utilized their data for news consumption less during the period. While the subscribers were growing in three-digit of six digits of million, the volume of news consumption was in a one-digit of six digits of million [see Exhibit 1 and Exhibit 2].

Analysis of 69, 293,000 volume of news along with the mobile data subscribers reveals a negative connection of 5.1%. This suggests that the subscribers deployed their data less for news consumption. With this outcome, our analyst notes that it could be said that Nigerians used other categories of internet data subscriptions such as fixed wire or wireless during the year.

Exhibit 2: Volume of News Consumption per month

Source: Google Trends, 2021; Infoprations Analysis, 2021

Meanwhile, analysis further indicates that sports, education, politics and health news categories were consumed most when the volume of news was considered along with the categories of news [see Exhibit 3]. Despite the fact that the earlier report indicates a high level of consuming happenings and events related to lifestyle, our latest analysis establishes less consumption of the news category in a significant proportion [see Exhibit 3].

Exhibit 3: Trending of News Volume with the News Categories

Source: Google Trends, 2021; Infoprations Analysis, 2021

It is surprising that the internet users did not deploy their data significantly for consumption of crime news. With these outcomes, our analyst notes that majority of the users might have missed information that could have helped them in making the right decision before and while engaging in business activities including personal and corporate safety.

From the insights, there is a need for a national news consumption campaign. This could be championed by the National Orientation Agency and civil society organisations with interest in information and society development. This campaign is necessary as the country looks for holistic solutions to its various challenges. Our analyst believes that teaching and guiding people on the importance of consuming business and crime news reports would go in a long way of possessing minds that would help in joining government in finding solutions to the socioeconomic and political issues in the country.

December 10: Human Rights Day.

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10th of December every year is the day set aside by the United Nations for annual commemoration of Human rights. It is regarded as human rights day. It is the day the world celebrates the the United Nations adoption of the Declaration of Human Rights in 1948 and it is the day used to raise awareness about the inalienable rights that every individual is entitled to as a human being irrespective of the person’s tribe, color, religion, race, gender, language etc.

It is the day of worldwide celebration of the adoption of the Universal Declaration of Human Rights (UDHR) by the United Nations in 1948 and the date was chosen to honor the United Nations General Assembly’s adoption and proclamation, on 10 December 1948.

Human rights are those rights which a man cannot survive without. It is the essence of existence. These are rights a person is born with and is expected to live with until the day of his death.

These rights locally are provided for in the Nigerian constitution in chapter four of the constitution of the federal republic of Nigeria, 1999. It spans from section 33 through section 44 of the constitution.

For the sake of emphasis, those rights will be reproduced here:

  1. Rights to life (section 33)
  2. Right to dignity of human persons (section 34)
  3. Right to personal liberty (section 35)
  4. Right to fair hearing (section 36)
  5. Right to private and family life (section 37)
  6. Right to freedom of thought, conscience and religion (section 38)
  7. Right to freedom of expression and the press (section 39)
  8. Right to peaceful assembly and association (section 40)
  9. Right to freedom of movement (section 41)
  10. Right to freedom from discrimination (section 42)
  11. Right to acquire and own immovable property (section 43)
  12. Right against compulsory acquisition of property (section 44)

The importance of these rights cannot be overemphasized, even the constitution recognizes its importance as a citizen cannot survive without them and the constitution went further to provide in s.46 that if you feel that any of these rights are being threatened and it likely to be breached or it’s breached you should approach the court. This same content was also provided in article 8 of the African Charter on Human and People rights. To this effect, don’t wait until any of your fundamental rights are breached, whenever you feel they are about to be breached you should run to court; the high court of state or the federal high court.

Happy World Human Right day.