Mama Joy always has difficulty finding out how much profit she makes from her groceries business. She neither has an idea if she was running at a loss nor making profits coupled with her daily expenditures.
Stanz’s case is not any different as he always struggles calculating how much profit he makes from his sales. He also does not remember to restock some items in his store until customers come…
Nigeria and 10 other nations drive the $230 billion revenue growth in African fintech
September 20, 2022
African fintech companies could see their revenue jump to about $230 billion by 2025 ($150 billion excluding South Africa, which is the largest and most mature market on the continent) according to analysts at McKinsey.
The growth opportunity is likely to be concentrated in…
The launch of the 5G network in Nigeria by MTN has put the spotlight on the need for the deployment of affordable mobile devices that are enabled to use it.
Stakeholders in the telecommunications industry in Nigeria gathered on September 18 at MTN’s headquarters to witness…
Cellulant ex-employees mends its relationship co-founder, former employees speak out
September 20, 2022
On Tuesday 6 September 2022, Cellulant in a statement signed by Sam Kiruthu, Chairman of the board, said it has absolved Bolaji Akinboro of any misconduct during his time as the company’s CEO following internal investigations.
BusinessDay has spoken exclusively to some Cellulants ex-employees and they alleged that the company has commenced settlement discussions with them but unfortunately…
LandWey introduces the Future City to create Sustainable Habitats in Lagos
September 18, 2022
The announcement took place on Thursday, September 1, 2022 at the company’s event for its realtors tagged, “The Sellabration Experience”.
Speaking at the ceremony, Wale Ayilara, the chief executive officer, LandWey, said the new project was
“a new town development…
In contrast to the N868 million loss it reported in 2020, Nigerian Microfinance Bank Kuda Bank reported a loss of N6 billion in 2021.
Techcabal, a news outlet based in Nigeria that specializes in reporting the IT industry in Africa, broke the initial news on the…
Sunlight unveils New Packaging for Masterbrand | See Photos from the Launch
September 12, 2022
Sunlight, a leading household brand from Unilever Nigeria, has unveiled a new, refreshed and exciting packaging for its range of products as a Masterbrand.
The brand has also launched a new television commercial deeply rooted in its purpose – to support entrepreneurial Nigerian women in their desire to contribute more to their households and society.
At the unveiling of the…
Chipper Cash kicks Launched “Africa to the World” Campaign ahead of the World Cup
September 12, 2022
African fintech Chipper Cash has launched the “Africa to the World” campaign to get football fans from official supporters’ clubs into the stadiums to cheer on their teams during the 2022 FIFA World Cup in Qatar.
The campaign aims to fundraise over USD 50,000 to…
If there is anything everyone loves, it’s hearing that one can get something for free or at great discounts! Luckily, One of Nigeria’s leading e-commerce platforms, Jumia, is bringing the 2022 edition of the Brand Festival from September 12th to October 2nd, where you…
LifeBank, Bookings Africa & 21 Other Nigerian Startups Selected for the 2022 Google Black Founders Fund
September 12, 2022
Google has selected 60 African startups for the second cohort of the Google for Startups Black Founders Fund (BFF).
Nigerian startups dominated the list, comprising 23 of the 60 chosen from across Africa. Kenya comes in second with 12 startups, followed by Rwanda with six. Five of the selected startups are from South Africa, four from Uganda, and three from Ghana, and Cameroon. Ethiopia had two…