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,...

In a significant political development, Dr. Yunusa Tanko, the Interim National Coordinator of the Obidient Movement, announced the commencement of a partial campaign for Peter Obi's 2027 presidential bid on February 25, 2025. Tanko, who previously served as the spokesperson for the 2023 Obidient Movement, made this announcement via a tweet on X (formerly Twitter), stating: "Kindly join us as we...

The Edo State Police Command has confirmed that two more people have died following the violent clash between cocoa farmers and suspected produce thieves in Gbelemotin, Ovia South-West Local Government Area, bringing the total death toll to seven. In an update on Sunday, the state Police Public Relations Officer, Moses Yamu, revealed that six injured individuals were receiving treatment at an...

The “Dead Horse Theory” is a satirical metaphor that reflects how some people, institutions or nations face obvious problems that are impossible to solve, but instead of accepting reality, they cling to justifying them. The central idea is clear: if you find that you are riding a dead horse, the most sensible thing to do is to get off and leave it. However, in practice, the opposite...

The Nigerian Presidency and former Kaduna State Governor, Nasir El-Rufai, clashed again on Tuesday over allegations that the Federal Government is behind the internal crises and multiple litigations troubling opposition parties. El-Rufai made these claims during his visit to the headquarters of the Social Democratic Party (SDP) in Abuja. A video of the meeting has since gone viral across social...