Joseph Olaoluwa Olaoluwa

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."

PaidHR’s new cross-border payroll feature allows employees to receive salaries in 49 currencies

The new feature will be key for remote workers who receive salaries globally and a hedge against macroeconomic headwinds like currency devaluation.

Lagos Red line mulls hybrid power system, to curb diesel overhead

On Tuesday, the Lagos state government launched its red line, a 37km rail line connecting Oyingbo to Agbado. The train is the second intra-city rail system, following the inauguration of the Blue Line last year. Lagos State Governor Babajide Samwo-Olu led the first passengers aboard the rail system, who were subjected to tests and free […]

BREAKING: Jumia to exit South Africa and Tunisia, focusing on core markets

Jumia's decision to exit these markets will reduce its total number of operating countries from 11 to 9, with a majority of its focus now concentrated in West and East Africa.

Breaking: Nigeria’s inflation surges again to 32.70%, defying expectations

The uptick in prices comes as a blow to policymakers who had been celebrating a recent easing of inflationary pressures.