Jumia’s liquidity position improved to $133.9 million, helped by net proceeds from an at-the-market offering in August 2024. This reversed a decline of $106.9 million recorded in 2023. Net cash flows used in operating activities also showed improvement, reducing to $57.2 million from $73.0 million in the previous year. According to Jumia, key usage metrics improved in the fourth quarter,...
The Nigerian Police Force has advised the Osun State Government to immediately suspend the upcoming local government elections for public safety and national stability. This recommendation follows intelligence reports indicating a high likelihood of violence and significant security threats if the elections proceed. Credible sources suggest that various groups, including political...
The race for the Anambra 2025 governorship election is heating up as the Anambra Coalition for Progressive Change, a group comprising lecturers, traders, activists, and professionals, has thrown its weight behind aviation mogul and APC stalwart, Prof Obiora Okonkwo. On Wednesday, the coalition made a bold statement by purchasing the N50 million Nomination and Expression of Interest...
Ah, Nigeria – the land of endless opportunities, vibrant culture, and a whole lot of hustle. As we step into 2025, some brands have cemented their place as the heavyweights of the Nigerian market, dominating everything from your morning breakfast to your evening Netflix binge. Let’s dive into the top 10 biggest brands you can’t avoid in 2025. 1. Dangote Group The word...
For the first time in history, the FIFA Men’s World Cup final will feature an official halftime show, marking a new era of entertainment for the global tournament. FIFA President Gianni Infantino confirmed the groundbreaking addition via Instagram, announcing that the 2026 final, scheduled for July 19 at MetLife Stadium in New Jersey (renamed New York New Jersey Stadium for the...
