Poor Infrastructure: Telecoms Operators to Invest $8.5bn Mobile network operators in Nigeria are planning to invest as much as $8.5 billion in the telecommunications sector to...
Jumia Drops 12.3% After Reaching Record High Africa’s e-commerce giant, Jumia Technologies, has started declining following a successful Initial Public Offer. The stock rose by 204...
Jumia Jumps 204% in Three Days Jumia Technologies has risen by 203.85 per cent since listed on the New York Stock Exchange last week. The ‘Amazon...
Jumia Shares Surge 76% on Friday Africa’s largest e-commerce company, Jumia Technologies, rose more than 75.59 percent on Friday to $25.46. The Pan-African company listed 17.6...
CBN Incentivises Agents, Mobile Money Operators In line with its drive to enhance access to financial services in the country, the Central Bank of Nigeria (CBN)...
Cryptocurrency: Paxful Suspends Nigerian Accounts Paxful Inc, a peer-to-peer cryptocurrency marketplace based in Estonia, has suspended thousands of Nigerian accounts with millions of dollars. The company...
Mastercard to Invest in Jumia Jumia continues to attract investors home and abroad following the surged in the adoption of virtual payment and e-commerce in Africa....
MTN Shares Dip Over Tax Dispute MTN shares declined by almost 7 percent on Tuesday after the Federal Government of Nigeria, through a Lagos high court,...
Uber to Acquire Careem for $3.1bn Uber, in a joint statement with Careem, announced the global ride-hailing giant will acquire its Middle East rival Careem for...
OneFi Acquires Amplify After Securing $5m One of Nigeria’s fast-growing startups, OneFi, just acquired Amplify, a payment processing company for an undisclosed amount. Amplify facilitates social...
