Prospa, the Y Combinator-backed business banking startup, is the subject of complaints and social media callouts after persistent delays in processing customer withdrawals. Four customers said their withdrawals had not been processed since May 2024 amid the company’s claims of service downtime. It is not the first time customers have experienced such delays. In February … Read more
Who is Maureen Esisi? Maureen Esisi is a Nigerian brand influencer and also a fashion designer who hails from Anambra State. Recently, she said she regrets marrying her ex-husband, Blossom Chukwujekwu, a Nigerian actor. In an appearance on ‘The House Chronicles’ podcast, she reflected on her five-year marriage, describing it as “wasted years.” She expressed … Read more
Who is Nilfa Gambo? On Monday, Governor Umar Namadi of Jigawa State appointed Nilfa Gambo, a 34-year-old woman, as a high court judge. The swearing-in ceremony took place at the Council Chambers in the Government House. Governor Namadi emphasized that the appointments were merit-based. He also praised the new judges for their outstanding performance in the … Read more
Who is Hashimu Argungu? Hashimu Argungu is a retired Deputy Inspector General of Police who hails from Northern Nigeria. On June 10, 2024, President Bola Tinubu named him as the new chairman of the Police Service Commission. This appointment concludes the tenure of Solomon Arase, a retired Inspector General of Police, as the commission’s chairman. … Read more
Diageo Plc, the UK-based majority owner of Guinness Nigeria, looks to be exiting Nigeria after selling its 58.02% stake to Tolaram Group, the consumer food giant. Tolaram paid ₦81.60 for those shares, implying around a 60% premium on Guinness Nigeria’s Monday closing price of ₦50. Diageo will retain ownership of the Guinness brand, it will … Read more
The Central Bank of Kenya (CBK) plans to issue payment licences to fintech startups soon, an important softening of an earlier stance that will open up East Africa’s largest payments market. Flutterwave and Chipper Cash are two fintech companies hoping to be granted those licences. CBK governor Kamau Thugge said the regulator is working around … Read more
Three days after it first announced its decision to exit Nigeria, Kimberly-Clark, the American multinational that manufactures Huggies diapers, has begun the process of shutting down its operations in Africa’s most populous country after laying off nearly 90% of its employees, one person with direct knowledge of the matter said. At a company-wide meeting last … Read more