Joseph Olaoluwa

How Access Holdings’ Hydrogen, Oxygen X, Pension are minting billions in profits

The company's fintech, pension, and lending ventures have demonstrated profitability within two years of incorporation.

Techstars-backed Lingawa raises $1.1M, pivots to language learning

Lingawa will cater to the diaspora market where Williams believes 20 million Africans exist, but half of them do not speak their mother tongue.

Nigeria’s inflation rises to 33.88% in October, placing another rate hike on the table

This will worry policymakers, under immense pressure to lower food prices during harvest season

Here’s how InDrive is thinking about combating offline rides

Soaring fuel costs have forced many drivers off the road, leaving the ride-hailing industry in a precarious position.

EXCLUSIVE: Access Bank will pay ₦23 billion to finalise Tanzania bank acquisition

This deal indicates Access Bank's successful acquisition of ABC Tanzania, which is part of the lender’s strategy to expand its footprint in East Africa.

Jumia faces tough third quarter, with revenue declining to $36.4 million

Jumia will only focus on promising markets and opportunities, as it hunts for profitability.

MTN Nigeria’s total investments in mobile money arm rises to ₦26.35 billion

This comes after MTN Nigeria injected an additional ₦1.15 billion capital, taking total investment in MoMo PSB to ₦26.35 billion from ₦25.2 billion

OmniRetail expands fulfillment network, with 50 warehouses across Nigeria

OmniHub Franchise will assist business owners in starting their FMCG distribution business.

MTN Nigeria reports ₦514 billion loss in nine months, driven by inflation, currency devaluation

Despite a few bleeding items on its balance sheet, data is king. MTN recorded ₦2.37 trillion in revenue driven by data which led over 50% of those efforts, solidifying data’s dominance over voice.

YC-backed Touch and Pay processes ₦20 billion transactions, launches dollar feature for Nigerian transport

Its flagship product which simplifies transport payments has surged in transaction volumes, processing over ₦20 billion already in 2024, and helping them achieve profitability status, Afolabi said.

Airtel Africa posts $79 million in half-year profits, delighting investors with strong performance

This recovery is despite rising fuel costs and currency devaluations, which continue to impact Airtel's top line. 

This edtech residency in Badagry wants to train 10 million people in tech

"Many young people in Badagry believe they need to go to Yaba or Lagos Island to learn tech. FiguresHub aims to change that perception."