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Temu enters Nigeria. How will it survive where others like Jumia have struggled?

Nigerians love affordability, but the real question is: can Temu outpace homegrown giants like Jumia and Konga?

News

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

News

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

News

OpenAI and Meta’s AI outsourced jobs in Kenya: Big promises, $2 paychecks

Having to endure gruelling tasks for a fraction of the pay received by outsourcing firms, Kenyan workers labelling data for OpenAI and Meta's AI systems are exposing an industry rife with exploitation.

News

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

News

Egypt-based ariika secures $3M to drive expansion across MENA markets

Egyptian eCommerce platform ariika raises $3M in a Series A extension to accelerate growth in Saudi Arabia and Iraq.

Mobility

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.

News

MultiChoice South Africa and Showmax CEO Marc Jury resigns, Du Plessis to succeed

Bryon Du Plessis (13-year MultiChoice veteran and Deputy CFO) to replace Marc Jury, former SuperSport CEO who is stepping down to pursue interests in the sport business.

News

Bitcoin hits new high of $94,000 ahead of Trump’s proposed Bakkt acquisition

Bitcoin hits record high of $94,000 at 3pm today.

Analysis

How Access Holdings’ Hydrogen, Oxygen X, Pension are minting billions in profits

The company's fintech, pension, and lending ventures have demonstrated profitability within two years of incorporation.

News

Condia Insider: The battle for cash in Nigeria

Initially introduced to bridge the gap in cash access, PoS agents have become the go-to solution for many Nigerians due to unreliable ATMs. However, their high transaction fees are sparking debate about the true cost of accessing money

News

Nigeria’s inflation rises to 33.88% in October, placing another rate hike on the table

This will worry policymakers, under immense pressure to lower food prices during harvest season

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