Interswitch, a Nigerian digital payments company that is Africa’s second unicorn, has raised $110 million to help it expand, according to multiple news reports.
The strategic investment came from LeapFrog Investment and Tana Africa Capital, which will work with Interswitch to “advance the payment ecosystem across the continent,” according to a Thursday (May 12) news release,
Founded 10…
On this series of 5QUESTIONS BY RANKS BUSINESS, we introduce you to Actress Tega Dominic the CEO of Effanga’s Kitchen.
Against all odds Former Bbnaija Housemate Tega Dominic recently unveils her Effanga’s Kitchen to redefine meals taste in Nigeria.
Read our brief…
Kippa, the fast-growing fintech start-up offering digital business and financial management solutions for SMEs in Africa, announces that co-Founder and Chief Growth Officer (CGO) Duke Ekezie-Joseph has assumed the role of President.
As President of Kippa, Duke will take full…
Obiora Okonkwo, Chairman of United Nigeria Airlines, has called on the federal and state governments to use the Igbo apprenticeship system to address the scourge of youth unemployment in the country.
Okonkwo, who made the call in a keynote address delivered at the 2022 edition of the All Market Conference, organised by the Ndigboamaka Progressive Traders Association in Lagos, said the Igbo…
Homewin by Sujimoto is looking for the best sales manager! An all-round, versatile, certified and exposed sales expert, with at least 10 years of work experience, and a proven background in fast moving consumer goods (FMCG), and a demonstrated character for marketing…
Stringent Bank Requirements: A Challenge to SME Growth in Nigeria- Folorunso Alakija
April 30, 2022
Nigerian philanthropist and businesswoman Apostle Folorunso Alakija has urged the Nigerian government to prevail on banks in the country to reduce their stringent requirements, in order to support and enable Small and Medium Enterprises (SMEs) thrive and contribute to the…
BUA Foods Plc, a newly consolidated food conglomerate led by Nigerian billionaire businessman Abdul Samad Rabiu, reported a profit of N69.76 billion ($167.84 million) at the end of its 2021 fiscal year thanks to a double-digit percentage increase in revenue.
BUA Foods’ profit increased by 97.05 percent from N35.41 billion ($85.2 million) in 2020 to N69.76 billion ($167.84 million) in 2021…
Aliko Dangote, Africa’s richest man, gains $100 million as investors prepare for Q1 earnings
April 14, 2022
Aliko Dangote, Africa’s richest man and leading industrialist, saw his net worth rise by $100 million in a single day as investors on the Nigerian stock exchange renewed their interest in stocks with strong fundamentals as the first-quarter earnings season began.
Dangote…
Billionaire Mike Adenuga to receive $3.1 million in dividends from Nigerian oil company
April 11, 2022
Mike Adenuga, a Nigerian billionaire and telecom tycoon, is set to receive a N1.29-billion ($3.1 million) dividend from his stake in Conoil Plc after the petroleum marketing company reported a triple-digit percent increase in earnings.
Adenuga, the founder of Nigeria’s…