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The Labour Party (LP) in Osun State has withdrawn from Saturday’s local government election. This was announced by LP Chairman, Mr. Adebayo Bello, on Friday in Osogbo. Bello cited inadequate security arrangements by the State Independent Electoral Commission (OSSIEC) as the reason for the withdrawal. He called for the election to be postponed for one or two months to allow OSSIEC to make...

Pope Francis, the 266th Pontiff of the Roman Catholic Church, is either significantly delayed in his expected activities or has passed away, according to sources within the Vatican. The Holy See has yet to release an official statement, fueling concerns about the Pope’s health following his recent hospitalization in Rome.   Just days ago, the 87-year-old Pontiff shared a...

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....

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...