Spotify has announced a major leadership shake-up as founder and Chief Executive Officer Daniel Ek will step down from his role in January 2026 and transition to Executive Chairman.
Global music streaming platform Spotify has announced plans to raise the monthly price of its Premium Individual subscription in several markets starting from September 2025, as part of efforts to improve profitability.
Nigerian artists earned over N58 billion in royalties from Spotify in 2024, more than doubling the figures from 2023 and marking a fivefold increase compared to 2022.
Spotify co-founders Daniel Ek and Martin Lorentzon have reaped a combined $900 million in stock payouts this year, as the streaming giant’s market value soared to nearly $100 billion.
Nigerian singer Ayra Starr has emerged as the most-streamed female artist in three African countries—Nigeria, Ghana, and Kenya—according to Spotify's 2024 Wrapped findings.
The National Information Technology Development Agency (NITDA) has issued a public alert warning Nigerians about a cybersecurity threat involving the use of Spotify to promote malicious activities.
Spotify is on track to achieve a groundbreaking $1.5 billion annual operating profit, marking its first profitable full year.
Music streaming platform Spotify has announced a 44% price hike for its Premium subscription in Nigeria starting from November 24, 2024, the monthly fee will increase from N900 to N1,300.
The African music industry is experiencing rapid growth, with the continent’s music scene buoyed by increasing global popularity among a young, tech-savvy population.
Universal Music Group, the leading music label backing Don Jazzy's Mavin Records, has seen its shares drop over 20% amid intense competition in the streaming market.
Spotify has announced that Nigerian music sensations Ayra Starr and Tems are the most streamed Nigerian artists globally for the first half of 2024.
According to Spotify, the 2023 earnings for Nigerian artists more than double the over $11 billion they earned from the platform in 2022.
