OPay Launches Another Service, OCar Opay, an Africa-focused Chinese backed startup, has announced the launching of another service, OCar. Ocar is a ride-hailing service presently available...
PalmPay Secures $40m Seed Capital to Launch in Nigeria PalmPay, an Africa-focused payment startup, launched in Nigeria after raising $40 million from Chinese mobile phone manufacturer,...
OPay, Opera owned leading fintech startup, raised $120 million in a Series B round backed mainly by Chinese investors. In July, the fintech company raised $50...
Nigeria Cuts Oil Output by 37,000bpd in October The Organization of the Petroleum Exporting Countries (OPEC) has said Nigeria’s crude oil production declined by 37,000 barrels...
Rice Farmers Smiling to Bank as Demand for Local Brands Surge Local rice farmers and millers are smiling to the bank as border closure bolstered demand...
Jumia Suspends Operation in Cameroon Jumia, the leading e-commerce company in Africa, on Monday, announced the suspension of its e-commerce operations in Cameroon. In a statement...
Nigerian Stock Exchange Sheds N188b on Monday The Nigerian Stock Exchange (NSE) lost N188 billion on Monday despite closing in the green last week. The NSE...
NASS Invites Emefiele, Others Over N1.27trn NDDC Debt The Governor of the Central Bank of Nigeria, Godwin Emefiele, the Minister of Finance, Zainab Ahmed and representatives...
Saudi Arabia’s Oil Exports Drop 3% in September Saudi Arabia’s crude oil exports dropped by 3 percent from 6.88 million barrels per day in August to...
Nigeria’s Inflation Rises For Second Month Amid Border Closure The effect of border closure has started weighing on Nigeria’s economy as the cost of goods jumped...