Nigerian artists earn ₦58 Billion on Spotify in 2024 amid global streaming disparities

Nigerian artists earned over ₦58 billion ($37.5 million) in Spotify royalties in 2024, doubling their 2023 earnings. But how does this compare globally, and are artists getting a fair share?

Nigeria’s inflation figures fall to 23.1%, one month after rebasing exercise

The Nigerian economy continues to adjust to the price shocks experienced since President Tinubu's assumption of office

Sycamore secures SEC licence, appoints new asset management head

Sycamore secures an SEC fund management licence and appoints Oluwagbenga Magbagbeola to lead its asset management arm.

Airtel Nigeria launches AI-powered spam alert system to combat SMS fraud

The AI system analyses message content, sender behaviour, and scam patterns to identify suspicious SMS messages.

South Africa’s VAT to increase in phases, reaching 16% by 2026

South Africa will increase VAT to 16% by 2026, with a phased hike starting in May 2025 to boost revenue.

Go Big Partners and 216 Capital Ventures invest in Tunisia’s Juridoc for African expansion

Go Big Partners and 216 Capital Ventures invest in Tunisia’s Juridoc.tn to drive its expansion into the OHADA region, boosting LegalTech innovation across Africa.

ORA Technologies bags $1.9M to expand Morocco’s consumer tech ecosystem

With 92.2% internet penetration and 54.9 million mobile connections, Morocco is ripe for fintech growth. ORA Technologies’ $4.4M funding and 300K downloads signal investor confidence in local tech.

B2B payment platform Nilos expands to West Africa, promising faster and cheaper cross-border payments

Founded in 2021 by Raphael Fettaya and Eytan Messika, Nilos set out to simplify financial operations for businesses operating in multiple currencies. T

Tizeti accelerates West African expansion with fiber deployment

"In areas where we have unlimited internet service; we have achieved a minimum of 80% penetration in all communities," said founder and CEO of Tizeti, Kendall Ananyi

Chowdeck restructures workforce amidst Ghana expansion Plans

CEO Femi Aluko explained that teams that once needed 24 people to function can now run smoothly with just two, thanks to new efficiencies.  

FCCPC sues MultiChoice over subscription price hike

FCCPC has sued MultiChoice Nigeria for defying regulatory orders and increasing DStv and GOtv subscription prices, sparking a legal battle over consumer rights.

EXCLUSIVE: Nigerian ride-hailing drivers launch SimpliRide to challenge industry giants

Drivers believe an indigenous app will be more attuned to their specific needs.