News

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.

News

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

News

OmniRetail expands fulfillment network, with 50 warehouses across Nigeria

OmniHub Franchise will assist business owners in starting their FMCG distribution business.

Mobility

Nigeria partners with Morocco to produce electric vehicles locally 

Nigeria, alongside Morocco, will manufacture and assemble locally-made electric vehicles

Deep Tech

Google backs Nigeria’s AI training ambition with ₦2.8 billion grant

Nigeria is joining the AI bandwagon to become a key player

Level Up

Level Up: Why I pivoted from social media management to Journalism

Meet Chidinma Iwu, a senior journalist and content strategist whose bylines include Fast Company, Daily Mail, and Forbes Advisor. She shares her journey from social media management to content and gives her take on navigating job offers that don’t meet her rate expectations.

News

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.

News

African VC Janngo Capital closes $78M fund for women entrepreneurs

Just two years after the first close of the fund at $28.1 million, Janngo hits a second milestone.

News

President Biden commends Nigeria on Binance executive Tigran Gambaryan’s release

This raises questions about the extent of US involvement in the case.

Fintech

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.

News

Oyster Agribusiness raises $2M to scale Climate-Smart Agriculture in Ghana

Oyster Agribusiness is well on its way to deepen its impact on smallholder farmers.

Mobility

Nigerian Uber and Bolt drivers demand a greater cut of ride-hailing companies’ estimated ₦36 billion annual revenue

Nigerian drivers working for Uber and Bolt are demanding a reduction in commission rates, arguing that the current 25% cut is unsustainable given rising operational costs.

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