Experts anticipate modest decline in June inflation, but food prices remain a threat
Ahead of the official release of the Consumer Price Index (CPI) by the National Bureau of Statistics (NBS), financial analysts expect Nigeria’s headline inflation to post a marginal decline in…
Nigeria’s listed insurance companies are having their best run in years – here’s why it matters
Nigeria’s top listed insurance firms are in the middle of what could be described as their most profitable period in over a decade, buoyed by a mix of rising interest…
MultiChoice and FCCPC seek Appeal Court’s intervention over ‘GOTV, DSTV Price Hike’ in Nigeria
MultiChoice Nigeria Limited and the Federal Competition and Consumer Protection Commission (FCCPC) have approached the Court of Appeal, Abuja, seeking its intervention regarding the Pay TV’s DStv and GOtv price…
Fincra secures a TPPP licence to process payments in South Africa
Fincra, a payment infrastructure provider that serves remittance companies and businesses, has obtained a Third Party Payments Provider (TPPP) licence in South Africa, allowing the company to process key local…
Moniepoint to acquire 78% stake in Kenya’s Sumac after KopoKopo setback
The Competition Authority of Kenya (CAK) has cleared Nigerian fintech Moniepoint to acquire a 78% stake in Sumac Microfinance Bank, paving the way for its entry into the country’s tightly…
How do banks and fintechs determine your credit worthiness?
By March 2025, Mubarak Umar had spent a year and a half working as a supplier agent for Sun King, a solar company in Ibadan, western Nigeria, earning about ₦200,000…
Mukuru customers face balance errors after technical glitch
On the morning of June 19, thousands of Mukuru customers in South Africa woke up to missing funds from their accounts. Some found their balances down by thousands of rand or…
Which remittance app do migrant workers in South Africa use?
Johannesburg is a magnet for Africa’s workforce. Migrants from Zimbabwe, Nigeria, the Democratic Republic of Congo (DRC), Uganda, and beyond flock to the city’s bustling economic corridors. Many work long…
Clunky investment apps push retail investors to riskier alternatives
For the first time, everyday Nigerian investors surpassed institutional investors in Q1 2024, capturing 1.1% more of capital markets investments than the latter. It is an indication of a growing appetite…
Xara wants to make banking in Nigeria as easy as chatting
As mobile banking adoption surges across Nigeria, users demand faster and simpler ways to manage their money, without switching apps or dealing with clunky interfaces. Xara, a new WhatsApp-based AI…