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FBN Holdings almost doubled its profit in H1 2024, compared to H1 2023
Yinka Awosanya
·
October 3, 2024
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How the Naira Devaluation tanked MTN Nigeria's profit
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Africa in the Summer Olympics: 5 countries hold 73% of all medals in the continent's history
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Other blogs
How the Naira Devaluation tanked MTN Nigeria's profit
Despite robust revenue performance, MTN Nigeria Communications Plc experienced record losses due to depreciation.
Khadeejah Olaleye
·
August 26, 2024
Africa in the Summer Olympics: 5 countries hold 73% of all medals in the continent's history
South Africa was the continent's first representative at the 1904 Summer Olympics. It has since appeared in 21 Summer Games, including the just concluded Paris 2024
Abiodun Adenle
·
August 19, 2024
Kenyan startups lead despite a 61% decline in African funding for H1 2024
In the first half of 2024, African startups raised $580.7 million, 61% less than in the same period of 2023. The breakdown of funding was 75% equity, 24.1% debt financing, and 0.9% grants.
Abiodun Adenle
·
July 20, 2024
MTN Nigeria recorded a loss in 2023 due to a drop in the value of the Naira
With ₦2.47 trillion in revenue in 2023, MTN Nigeria still recorded a negative ₦137 billion profit after tax, which was attributable to the loss in the value of naira.
Yinka Awosanya
·
June 19, 2024
For a proposed ₦62,000 NMW: Only 9 states will meet payroll on their IGR alone
A justification for a higher minimum wage and their state government's ability to meet payroll on their revenue,
Abiodun Adenle
·
June 11, 2024
President Tinubu’s first year in office: Inflation, exchange rate, among others
In President Tinubu's first year in office, Nigerian's have been concerned about inflation and the falling naira, with the cost of food items increasing drastically.
Abiodun Adenle
·
June 1, 2024
Jumia has recorded $1b in losses since its IPO
As of 2023, the eCommerce giant's accumulated losses stood at $2.1b, a billion dollars of which was recorded post-IPO in April 2019.
Yinka Awosanya
·
May 16, 2024
MTN Group in 2023; 83% decrease in profit compared to 2022
Despite a 7% increase in revenue, MTN Group reported an 83% decrease in profit in 2023 compared to 2022, amidst inflation in its markets, FX volatility and naira devaluation, and ongoing geopolitical ...
Abiodun Adenle
·
May 10, 2024
Airtel Africa: The continuous decline in voice service share of total revenue
Airtel Africa's revenue from voice service has increased over the years but its share of the total revenue has been declining going from 60.97% in 2019 to 46.16% in 2023.
Yinka Awosanya
·
April 17, 2024
Starlink had the 4th highest active subscribers among Nigeria’s ISPs as of Q3 2023, 8 months after launch
Starlink, Elon Musk’s satellite Internet company, has made significant strides in the Nigerian Internet Service Provider (ISP) market
Abiodun Adenle
·
February 23, 2024
African startup funding 2023: Kenya got the largest share with 21%
The year 2023 kicked off with African startups disclosing deals worth $116m in January, which increased to the year's peak at $663m in February, and recorded fluctuations with a downward slope from Ma...
Abiodun Adenle
·
January 17, 2024
South Africa was Africa's top importer of champagne in 2022, controlling the Southern African market
Based on information from Comité Champagne, 42 African nations imported 5.1 million 75cl bottles of champagne in 2022 for a total of €134.8 million.
Abiodun Adenle
·
August 24, 2023
Join us for the Nigerian Fintech Executive Mixer
Indicate interest to be part of an exclusive mixer for executives in the Nigerian fintech space.
Yinka Awosanya
·
August 7, 2023
What the figures say about access to financial services across regions in Nigeria
Geographical breakdown of access to financial services in the country according to the Nigerian Financial Services Market report.
Yinka Awosanya
·
July 17, 2023
The Nigerian Financial Services Market Report: Touching some of the burning questions about the industry
Are there really too many fintech startups? Get fact-based insights about this and many more from this report.
Yinka Awosanya
·
June 22, 2023
African startups raised $182 million in August 2022
Hello, Yinka here; I trust you are keeping safe. After a series of postponements on barring SIMs that have not been linked to the National Identity Number (NIN) database in Nigeria, the Nigerian Commu...
Yinka Awosanya
·
September 8, 2022
African countries that are close to becoming the most populous nations in the world
Hello, Yinka here, I trust you are keeping safe. The Central African Republic (CAR) recently launched the Sango Coin, a cryptocurrency. The CAR is pushing for cryptocurrency adoption, with the country...
Yinka Awosanya
·
August 2, 2022
Nigeria’s e-commerce space: Over $1.2 billion in funding and the market
The Nigerian eCommerce space is among the few industries with the largest war chests in terms of funding received since the country’s startup boom, with over $1.2 billion. eCommerce here encompasses...
Yinka Awosanya
·
July 21, 2022
Why should Nigeria's next president come from the South? Facts and figures
[Updated on July 5, 2022]: An update to clarify the difference between the number of years since Nigeria got independence and how long Nigerian presidents and heads of states have been in office. From...
Yinka Awosanya
·
July 12, 2022
$2.17 billion for African startups in H1 2022
Portrayed as the Cash App of Nigeria, Abeg, which started as a social payment app, recently rebranded to Pocket by PiggyVest. Beyond adding its parent company to its name, the startup is foraying into...
Yinka Awosanya
·
July 2, 2022
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