MTN Nigeria reported a loss of N400.44 billion after tax for the year ending December 31, 2024, primarily due to the devaluation of the naira, which increased foreign exchange losses and negatively impacted the company's earnings.  This loss, revealed in the company's audited financial statements on Thursday, marks a 192% increase from the N137.02 billion loss recorded in 2023. 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...

Nigeria’s struggling economy has claimed another casualty as education technology startup Edukoya shuts down after three years in operation. Despite raising Africa’s largest pre-seed funding of $3.5 million in 2021, the startup says poor infrastructure and harsh economic conditions have made it impossible to scale. In a statement obtained by Your Tech Blogger on Wednesday,...

Apple’s new iPhone 16e will be significantly more affordable in Nigeria, priced at N898,500, which is N300,000 less than the standard iPhone 16, which retails for around N1.19 million. This new budget model, aimed at attracting middle-tier customers, will be available for pre-order from February 21, with actual availability set for February 28. The iPhone 16e is part of Apple’s...

Nigeria’s political landscape never fails to entertain, and the current set of governors is giving us more drama than a Nollywood blockbuster. From epic political battles to eyebrow-raising policies, these leaders have kept tongues wagging and social media buzzing. Here are the most controversial governors making headlines for all the wrong—or right—reasons. 1. Edo State...