Joseph Olaoluwa Olaoluwa

The Moove pitch that became a debt trap for Lagos drivers

Moove's pitch is seductive: democratize vehicle ownership in a market where credit is scarce. But for drivers like him, the math has quickly turned predatory.

Nigeria holds rates at 27% to cement inflation wins

The decision effectively rules out further rate adjustments until at least 2026, pivoting away from the surprise cut delivered in September—the first in five years.

MTN Group’s remittance flows hit $3.4 billion, signalling new phase in Africa’s fintech race

MTN processed $3.4bn in remittances in 2025, a 13% rise as it battles fintech rivals for Africa’s cross-border payment market. Read more.

Local listing dreams fades, as 46% of tech founders desire M&A exits

The desire to maintain absolute control and a deep-seated fear of public scrutiny have made an IPO a non-starter for most.

IHS Towers’ $147M Q3 profit driven by naira gains, masking MTN churn

Investors, who have weathered four years of steep losses, may welcome the black ink, but a closer look reveals the profit was fueled by a $353.6 million favourable swing in net finance costs.

Jumia CEO sees ‘Inflection Point’ as Q3 revenue climbs 25% to $45.6 million

"We believe Jumia has reached an inflection point as our compelling value proposition, and improved operational discipline position us for sustainable, profitable growth,” said CEO Francis Dufay

Lagos mandates QR codes, driver tags for all ride-hailing cars

"It is a gradual process that has begun," said Olasunkanmi Ojowuro, Director of Transport Operations at the Lagos Ministry of Transport.

Ventures Platform closes $64 million, elevating Nigerian government as investor

The firm's fund II will focus on what it deems critical infrastructure, targeting fintech, healthtech, agritech, edtech, and AI

Merchants of Record can unlock $125 billion for African businesses—Startbutton report says

"Merchants of Record are not just a facilitator for African businesses; they're a catalyst," said Mallick Bolakale, CEO of Startbutton.

MTN Nigeria swings to ₦750 billion profit in September 2025, restores dividends

With profitability becoming more sustained, the board finally approved an interim dividend of ₦5 per share, payable from distributable net income.

Casa launches digital bank in Lagos, unveils snap to pay feature

A key feature the bank unveiled was its Snap and Pay feature that enables users send money by utilising an in-app snap feature.

Airtel breaks ground on 44MW East Africa’s largest data centre in Nairobi

The groundbreaking in September 2025 positions the Tatu City project to become the largest single data centre in East Africa.