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 Edo State Governorship Election Petition Tribunal has reserved judgment in the case filed by the Peoples Democratic Party (PDP) and its candidate, Dr. Asue Ighodalo, challenging the results of the September 21, 2024 governorship election. The tribunal, led by Justice Wilfred Kpochi, concluded the proceedings on Monday, March 3, 2025, after both parties adopted their final written addresses....

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...

The U.S. Citizenship and Immigration Services (USCIS) is shaking things up with a new rule that requires applicants for green cards and visas to hand over their social media handles. This move is part of an effort to tighten security screenings, but it’s sparking privacy concerns and raising eyebrows about potential data misuse. The proposed rule, which would apply to a variety of...

Nigeria's automotive industry has experienced remarkable growth, with several indigenous and international manufacturers establishing assembly plants within the country. This development has bolstered the nation's economy and provided consumers with a variety of locally manufactured vehicles. Below is a list of notable car brands produced in Nigeria, along with their founders: 1. Innoson...