No pressure, Cardoso: CBN holds rate at 27.50%

This marks an ending to a rate tightening cycle since CBN Governor Yemi Cardoso took office in September 2023

Jumia remains in the red in Q4 2024, despite years of cost cutting

Despite the bleeding results from all corners, Dufay's 2025 strategy is driving top-line growth and improving operational efficiencies.

Nigeria’s new inflation figures fall to 24.48%, after rebasing exercise

Since December 18, 2024, after the NBS was hacked for nearly a month, a lot of things have radically changed about the agency, raising eyebrows regarding the means of operations. 

P1 Ventures closes $50 Million fund to back global companies “made in Africa”

With over $60 million now in AUM, P1 Ventures builds on a year of strong momentum in which it completed its largest-ever deal.

Nigeria’s Government takes ownership of Keystone Bank after court ruling

This move follows a year of scrutiny surrounding the bank's ownership and alleged corporate governance infractions

MTN hikes data costs by 50% following NCC’s major approval in a decade

Some data plans have seen a triple-digit percentage increase without a set implementation date, drawing nationwide backlash.

Raenest secures $11M Series A investment after processing $1 billion in payments

With this new funding, Raenest aims to deepen its operations in Nigeria while strengthening its Kenyan presence.

Moroccan-startup ToumAI secures €1 million develop powerful CX solutions

ToumAI, an AI-powered customer experience (CX) innovator, has secured €1 million in pre-seed funding, led by Launch Africa

Startbutton expands to 7 Francophone African countries, tapping into a high-growth market

Mallick Bolakale, Startbutton CEO, views Francophone Africa as a market with strong economic potential and less competition compared to Anglophone Africa.

IBM to cease direct operations in Nigeria and across 35 African countries, transfers business to MIBB

The company has had its run for over 60 years in Africa, with a major push starting in 2010. This operational transition will take place on April 1, 2025.

EXCLUSIVE: InDrive introduces bank transfer feature for trip payments

This move positions InDrive as the first ride-hailing platform in Nigeria to adopt this approach. It also affirms bank transfers as the most acceptable mode of trip payment

Cedar Money secures $9.9 million to power cross-border payments with stablecoins

Cedar Money's approach leverages stablecoins to move funds while navigating the intricate compliance landscapes of various countries.