Nigerian fintech platform Piggyvest has achieved a new milestone, paying out ₦835 billion to its customers in 2024 and crossing ₦2 trillion in total payouts since its launch in 2016. The savings platform, which now boasts over 5 million customers, continues to establish itself as a leader in the Nigerian fintech space. “2024 was our […]
MTN Nigeria’s share price surged to ₦256 on Tuesday, reflecting a 9.87% increase after the Nigerian Communications Commission (NCC) approved a 50% hike in telecom tariffs. This marks a significant boost for the telecom giant, which has faced two years of financial struggles, signaling renewed investor confidence in its profitability. The tariff hike approval, reported […]
Ahmad Farroukh, appointed as CEO of Nigerian telecom giant Globacom in October 2024, has stepped down just one month into his tenure. While Globacom has yet to issue an official statement or inform its staff internally, multiple industry sources have confirmed the resignation, citing organizational challenges as a key factor. Farroukh’s abrupt exit sheds light […]
Selar, Nigeria’s leading eCommerce platform for digital creators, has announced that it paid out an impressive ₦9.8 billion to creators in 2024—more than double its ₦4 billion payout in 2023. This milestone reflects Selar’s continued growth as a trusted platform for African creators. Founded in 2016 by Douglas Kendyson, Selar has experienced remarkable year-on-year growth […]
Waza, a Y Combinator-backed B2B payments and liquidity provider, has launched Lync, a cross-border payment solution designed to empower African startups. The launch comes as businesses across the continent face mounting challenges in managing international transactions. In August 2024, Waza secured $8 million in equity and debt funding to expand beyond its operations in Ghana […]