African business, finance, and economic stories covering the companies, deals, and leaders shaping the continent’s economic rise.
The Lagos State Internal Revenue Service (LIRS) says it will begin enforcing a legal tool that allows the agency to recover unpaid taxes from defaulting taxpayers through third parties, including banks, employers, tenants, debtors, customers, and business partners. What LIRS is relying on In a public notice, LIRS said Section 60 of the Nigeria Tax.
Shoprite Nigeria has secured a new investor backing, an injection of capital aimed at steadying the ship and repositioning the brand in a market where survival is no longer guaranteed. Retail Supermarkets Nigeria Limited (RSNL), the operator of Shoprite in Nigeria, said the investment “provides the capital base to accelerate Shoprite’s turnaround strategy and marks.
When Nigerian businessman Tayo Amusan led Ketron Investment Limited’s acquisition of Shoprite Nigeria in 2021, the move was hailed as a commendable step, finally bringing Africa’s biggest supermarket chain under local control. Four years later, the promise has dimmed. Shoprite is now shutting down outlets across key cities, struggling to survive in a market it.
Apple’s iPhone 17 has finally arrived, and the buzz hasn’t skipped Africa. From Lagos to Johannesburg, queues formed as early adopters scrambled to grab the sleek new model. But behind the excitement, the real question is: how much would you have to cough up for an iPhone 17 in Africa, depending on which part of.
If your content consistently goes unnoticed, it’s not because your ideas aren’t good; it’s because they’re not packaged to spread. Viral content is engineered, not accidental. It evokes emotion, creates frictionless clarity, and invites participation. With the proper structure and the right ChatGPT prompts, you can start creating posts that get screenshotted, shared, and talked.
Bolt drivers in Nigeria are becoming increasingly wary of offline trips, and the platform’s recent crackdown on the practice may explain why. Keytakeaways Since late 2024, Bolt has cut offline rides by 42% through a blend of real-time monitoring, algorithmic penalties, and safety-first messaging. Drivers who try to shift trips off the Bolt app to.
Tolaram Group has evolved from what began in the late 1970s as a modest noodle importer to owning the iconic Guinness Nigeria, spearheading the construction of the Lekki Deep Sea Port, and the Lagos Free Zone. Here’s how they did it, and what lessons Nigerian businesses can take from their playbook. Key Takeaways Tolaram is.
The announcement of Okra, the Nigerian open banking startup once hailed as “the future of African fintech,” shutting down operations is still surreal for many who are enthusiastic about the prospects of the African tech ecosystem. There are more questions than answers. How could a startup with so much promise go under? Just a few.
Six innovative Nigerian startups have been selected for the 2025 Google for Startups Accelerator: Africa. The new Class 9 cohort, unveiled on Tuesday, showcases 15 AI-powered ventures from seven African countries, with Nigeria’s representatives solving real-world challenges in fintech, healthtech, logistics, and software development. With nearly 1,500 applications across the continent, the selected startups emerged.
In a bold show of confidence in the bank she leads, Dr. Nneka Onyeali-Ikpe, Managing Director and Chief Executive Officer of Fidelity Bank Plc, has increased her equity stake by acquiring 18 million additional shares in the bank. The transaction, officially filed with the Nigerian Exchange on May 19, 2025, shows the shares were acquired.
