Digital lenders face up to ₦100m fines for unethical conduct
Digital lenders in Nigeria now risk fines between ₦50 million and ₦100 million, or 1% of their annual turnover, for unethical conduct and other violations under new rules introduced by…
Nigeria nets ₦84.97B after extending transfer levy to fintechs
When Kemi Michael, a corporate compère, attempted to transfer money to her usual PoS agent in late 2024, the attendant had a tip for avoiding an extra charge: “Send ₦9,500…
Nigeria nets ₦84.97B after extending transfer levy to fintechs
When Kemi Michael, a corporate compère, attempted to transfer money to her usual PoS agent in late 2024, the attendant had a tip for avoiding an extra charge: “Send ₦9,500…
Nigeria Customs 4% FOB Levy, VIN valuation sparks outrage among importers as car prices soar
Car importers in Nigeria have experienced a sharp rise in the cost of clearing foreign used vehicles at the nation’s ports in the past days following the reintroduction of the…
A financial tool for South Africa’s gig workers left out of formal banking systems
It started with curiosity and a handful of conversations in the back seats of ride-hailing vehicles. “That’s where we noticed a fundamental gap in the market,” says Busisiwe Ndlovu, Co-Founder,…
Nigerian firms swimming in cash as operating cash flows surge to all-time highs
After a turbulent two years of currency swings with high foreign exchange losses and ballooning finance costs, many Nigerian companies are back in the black.The naira’s relative stability in 2025…
Top 10 Fintech startups that raised the most funds in Africa as of H1 2025
Africa’s fintech sector continued to show resilience in the first half of 2025, attracting big-ticket deals despite tighter global funding conditions.From mobile money giants to API-powered payment innovators, the continent’s…
Insurance heats up: Top 10 best-performing insurance stocks of 2025 so far
So far in 2025, the Nigerian insurance sector, tracked by the NGX Insurance Index, has delivered an impressive year-to-date gain of 74.18%, ranking as the second-best performing sector after consumer…
Meet owners of Nigeria’s indigenous automobile assembly companies
Nigeria’s auto industry stands at a critical juncture, full of untapped potential but grappling with structural imbalances.Once thriving in the 1960s and 1970s due to strong government backing, the sector’s…
Meet Nigerian governors who built their careers in private sector before politics
The Nigerian political space has become a very interesting one since the commencement of this fourth republic in 1999, with many commentators express their regret on lack of progress.One of…