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,...

Ah, Nigeria – the land of endless opportunities, vibrant culture, and a whole lot of hustle. As we step into 2025, some brands have cemented their place as the heavyweights of the Nigerian market, dominating everything from your morning breakfast to your evening Netflix binge. Let’s dive into the top 10 biggest brands you can’t avoid in 2025. 1. Dangote Group The word...

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 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...

The Federal High Court 1 in Owerri, Imo State, has ruled in favor of Chika Edoziem, the Head of the Directorate of State of the Indigenous People of Biafra (IPOB). The court, presided over by Hon. Justice I.N. Oweibo, dismissed charges against Edoziem related to terrorism, insurgency, kidnapping, and violent crimes.   In Suit No: FHC/OW/FHR/29/2024, filed by Edoziem against the...