Joseph Olaoluwa Olaoluwa

Airtel Africa defies devaluations, posts $328M profit in FY ’25

Voice revenue regained control, rising to $1.96 billion and towering data revenues of $1.80 billion. Mobile money revenue grew to $994 million, with a continued strong performance in East Africa of 31.9% and Francophone Africa of 22.2%

BREAKING: Airtel Money plans 2026 IPO amid fintech growth push

Airtel Money has been a significant growth driver for Airtel Africa. The service operates in 14 countries across the continent, including key markets like Zambia, Uganda, Tanzania, Malawi, Gabon, and the Democratic Republic of Congo.

Nigerian ride-hailing drivers take welfare fight to lawmakers

Drivers suffering under the weight of macroeconomic conditions have continued to advocate for acceptable policies to survive the ride-hailing sector, enduring low patronage.

Cardoso’s CBN cuts government advances by 58%, signaling new fiscal discipline

This reduction marks a significant departure from the previous era under former CBN Governor Godwin Emefiele.

Egyptian fintech, Money Fellows eyes North Africa with $13M funding boost

North Africa is increasingly becoming an attractive market for digital financial services, driven by high mobile phone penetration and a growing tech-savvy population.

Joy is coming for MTN shareholders

"It is a focus area for the entire organisation to restore shareholder capital so we can return to the declaration of dividends in the shortest time possible." Karl Toriola, MTN Nigeria’s CEO said

MTN Nigeria returns to the black with ₦133.7 billion Q1 profit, first since 2023

Fintech revenue grew to ₦36 billion, driven by the strong performance of the airtime lending product (Xtratime) and higher float income in that aspect of the business.

EXCLUSIVE: Access Holdings shifts to consolidation phase after expansion drive

This strategic pivot is intended to address concerns among some shareholders and analysts who, despite the bank's significant expansion, have deemed its stock undervalued.

Legend Internet debuts on NGX, seeks ₦150 billion for fibre rollout

"Our growth thesis is simple: Nigeria's broadband future sits in the last mile. It is critically underserved, but Legend has built a sustainable and well-positioned model to lead the change," Aisha Abdulaziz, chief executive officer (CEO) of Legend Internet said.

Access Bank sets 2025 finish line for $100M acquisition of KCB unit

“My expectation is that before the end of the third quarter, we should see significant progress made on the NBK transaction. Without a doubt, it will be a 2025 play,” Ogbonna stated

BREAKING: UBA posts 33% rise in Q1 2025 profit as interest income surges

UBA is currently progressing with its equity capital raise program targeting up to ₦400 billion

Nigeria’s beloved Jollof Rice costs soar, reflecting inflation crisis

The rising cost of a staple dish like jollof rice serves as a tangible illustration of the economic pressures facing Nigerian households