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JUST IN: Hackers breach Nigeria’s Statistics Bureau website, raising data security concerns

This incident marks the third major data breach involving sensitive government information in Nigeria this year.

Fintech

Allawee credit card launch in partnership with Mastercard, in line with Credicorp 2030 mandate

Allawee, in collaboration with Mastercard, Providus Bank, and Remita has launched a credit card in Nigeria. The launch aligns with Creditcorp's 2030 mandate.

News

PoS agents mull commission hike following a new Central Bank directive

Many PoS agents believe this latest directive could cripple the impact of their service which has grown to nearly 2 million across the country

News

MTN Group announces major leadership changes

MTN Group announces major leadership changes, including the departure of Bayobab CEO Frédéric Schepens and new appointments across Africa, as part of its strategic restructuring for growth.

News

Cassava Technologies Secures $90 Million, reorganises for growth

The investment adds DFC, Google and Finnfund to Cassava's existing shareholder base which includes Econet Group, BII, PIC, RBH, Afreximbank and Gateway Capital.

News

Tyme Group raises $250M Series D funding led by Nubank, becomes a unicorn

Learn all about Tyme's founding story, fundraising history and future plans in this deepdive.

Analysis

African e-commerce giant Jumia shares plunge as competition intensifies

With Amazon expanding to Egypt and Temu taking on Nigeria, Jumia's chances of success are reliant on its nine markets concentrated in West and East Africa.

Insider

Condia Insider: The blind spots in CBN’s fight against cash hawkers

Will CBN’s ₦150M fine on banks actually tackle Nigeria’s cash crisis, or is it just a temporary fix?

News

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.

News

Juicyway raises $3 million pre-seed to power cross-border payments for Africans

Founded in 2021 by Ife Johnson and Justin Ziegler, Juicyway enables individuals and businesses to send, receive, and process payments globally.

News

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

News

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

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