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,...

Pope Francis is hospitalized with double pneumonia. His condition remains serious, though he is responding to treatment. The Vatican confirmed that the 87-year-old pope’s health has worsened. He is now "more unwell than yesterday" after a prolonged asthma-like respiratory crisis. Despite this, he remains alert and spent the day in an armchair, though in more pain than before. Doctors...

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...

The Nigerian Naira recorded a slight appreciation against the U.S. dollar on Wednesday, strengthening to ₦1,490 per dollar in the parallel market, up from ₦1,502 per dollar on Tuesday. A similar trend was observed in the Nigerian Foreign Exchange Market (NFEM), where the currency appreciated to ₦1,499.8 per dollar, compared to ₦1,501 per dollar the previous day. According to data from FMDQ...

Former Edo State governor and APC senator, Adams Oshiomhole, has been embroiled in controversy following serious allegations made by an online critic. Albert Obazee, a known critic of the APC and the current Edo State administration led by Governor Monday Okpebholo, alleged that Oshiomhole and some well-known thugs in Benin have hatched a plan to kill his father in Nigeria. Obazee, who...