Joseph Olaoluwa Olaoluwa

Nigeria’s inflation surges to 34.60%, attaining 11-month high

The uptick in prices will be challenging for consumers who are keen to celebrate Yuletide next week with a possible plate of jollof rice.

Palmpay partners Jumia to boost e-commerce payments in Nigeria

This partnership has the potential to boost transaction volumes for PalmPay, a strong competitor to JumiaPay, Jumia's fintech arm

Access Bank acquires South African Bidvest Bank for $159 million

The combined entity will be sure to mint profits for Access Bank operations in South Africa which recorded a loss of ₦17.39 billion ($11,220,460) by the end of September 2024

Billboxx secures $1.6M in pre-seed funding to scale SME invoice financing platform

Billboxx has already processed over $4 million in invoice payments since launching its MVP in May 2023

Access Bank expands to Europe, picks Malta as launchpad

Malta's robust financial sector, which grew by nearly 12% between 2022 and 2023, make it an attractive destination for Access Bank

LagRide to electrify fleet in 2025 with Chinese-made EVs

This would position LagRide as the first ride-hailing service in Nigeria to embrace electric vehicles

MyFoodAngels wants to dominate grocery delivery, one family at a time

Food prices have continued to rise rapidly and I do not expect Nigerian income earners to spend all their salary on food, Umah said during a visit to her office

Nigerian startup Moove drives into US with Waymo partnership

This deal will see the African-based mobility service expand its services to the United States beginning 2025.

Standard Chartered to sell more banking units in Botswana, Uganda, Zambia

The decision comes as part of a wider initiative to enhance profitability in wealth management, the bank's new focus

Access Bank completes acquisitions of Standard Chartered bank subsidiaries

The banking group that boasts over 60 million customers has been on an acquisition drive as far back as 2018

Breaking: CBN raises interest rates by 25 basis points to 27.50% in search of price stability

Since taking office in September 2023, CBN Governor Yemi Cardoso has struggled to curb inflation and stabilize the naira, despite implementing a series of monetary policy measures

NIPOST is developing digital IDs for its courier services

This move is expected to revitalize NIPOST's logistics services, which have historically been criticized for poor performance.