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A Federal High Court in Lagos has ordered the forfeiture of $4.7 million, ₦830.9 million, and several properties linked to Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN). This ruling is the latest development in a…
Shares of African e-commerce company Jumia took a sharp dive on Friday, with Jumia’s share price falling 28% in a single day. The stock dropped from $3.88 to $2.82, wiping out a significant chunk of its market value, which now…
For the first time in history, Nigerians have consumed over 1 million terabytes of internet data in a single month. This remarkable milestone was achieved in January 2025, according to data from the Nigerian Communications Commission (NCC). The figure highlights…
Jumia, Africa’s largest e-commerce platform, has made significant efforts to reduce its losses in 2024 through aggressive cost-cutting measures. Despite these efforts, the company reported a loss of $64.7 million for the year. This marks an improvement compared to previous…
Nigeria’s central bank has decided to keep its benchmark interest rate steady at 27.50%, following the recent rebasing of the Consumer Price Index (CPI). This move, announced on Thursday, reflects a cautious approach by the Central Bank of Nigeria (CBN)…
Wema Bank, a prominent Nigerian commercial lender, has made waves in the banking industry by implementing a significant salary increase for its employees, effective March 2025. This bold move positions Wema Bank as the best-paying lender in Nigeria, a title…
In a world where our inboxes are constantly flooded with unwanted emails, Superhuman is stepping up to the challenge with its new AI-powered categorization feature. This innovative tool aims to reduce the clutter of spam and marketing emails, allowing users…
The world of technology is changing, and one of the most exciting shifts I’ve witnessed is the rise of women in tech. It’s not just a trend; it’s a fundamental change in the industry’s landscape. I remember attending a tech…
Vendease, a Nigerian food procurement startup backed by Y Combinator, is undergoing significant changes to become more profitable. As part of these efforts, the company is implementing its second round of layoffs in just five months. This Vendease Second Round…
Microsoft has recently made a significant announcement that it will invest $1 million to empower 1 million Nigerians with training in artificial intelligence (AI) and digital skills over the next two years. This initiative, unveiled at an event in Lagos,…
