Airtel Africa also posted net profits of $415 million, a slight growth of 1.8% from the previous year where it made $408 million in profits after tax.
The e-commerce giant, Jumia saw its share prices nosedive to $21.15 ahead of the release of its financial results for the first quarter of 2021. It is the company’s lowest share price this year after a market rally saw it hit an all-time high of $65.51.
In a statement to its driver-partners, Uber said, “starting 11th May 2021, we are increasing prices on UberX by about 13%.”
In January 2020, I spoke to Charles, a Nigerian journalist studying in Uganda, and one of the interesting points of our conversation was the “Over the top tax.” The tax, introduced in 2018, means Ugandans pay a daily fee of 200 Shillings to use social media apps. The new bill took many people by surprise. […]
MTN has expanded its 4G coverage to about 61.8% of the population but what’s more interesting is that in Q1, it added 1.2 million smartphones to its network. 47.5% of the company’s customers now use smartphones.
The Central Bank of Nigeria has announced the immediate removal of all of the directors of First Bank Nigeria Limited as well as FBN holdings.