Money Matters
Moove, the mobility-financing company wey start with 76 vehicles for Lagos for 2020, announce say e dey leave Nigeria, with eligible customers expected to get full ownership of vehicles worth about ₦35 billion without further payments to the company.
Adebayo Adeyemi5 min to read
After experiencing the everyday shege of Lagos transport, Damilola Olokesusi co-founded Shuttlers to provide scheduled, comfortable AC buses for professionals. What started with simple WhatsApp bookings don grow into a massive mobility tech platform wey win her global recognition like the Forbes Africa 30 Under 30.
Apple don cast the gist say dem don run package to employ the workers and license the technology of one personalized podcast startup wey dem dey call Huxe.
Na big flex! NeoFleet Capital don raise $4 million to finance taxi fleets in Senegal, Côte d’Ivoire, Peru, and beyond. The goal? To back professional mobility operators and build the backbone for future self-driving cars. With backing from DMTech VC and former inDrive president Mark Loughran (who’s now NeoFleet's president!), they are solving the serious "shege" of crazy vehicle costs (8% higher in Africa!) and banks refusing to loan operators money. NeoFleet says by 2027, they want 5,000 cars on the road worth up to $100 million. Opor! 🚀
To solve Naija tech talent gap, Iyin Aboyeji's Learn2Earn program dey train 740 engineers from scratch for free and even dey pay dem to learn. Dem dey use games to pick students with zero tech knowledge, aiming to build a solid pipeline of one million AI-native developers for di global market.
OPay don declare massive $90.9 million profit for six months as dem submit paper to enter US stock market (NYSE) with a $4 billion target valuation. Big banks and investors dey back dis IPO move, and di fintech giant still get plans to list for Naija stock market make local people fit buy shares.
Shareholders holding approximately 71.8% of ABC’s shares demanded the removal of four directors, while another shareholder demand backed by approximately 76% sought to appoint two new non-executive directors. All four targeted directors don resign, leaving only two directors on the board. The crisis comes as ABC navigates leadership changes and regulatory action involving former executives over alleged share-price manipulation at its former Altvest Capital business. The affected individuals dispute the findings and have applied for reconsideration.
Price for dollar, salary for naira. Na the African product question wey no dey ever finish.
PaidHR analyse payroll records of more than 25,000 workers across over 400 Nigerian employers and discover say 46% earn below ₦200,000 monthly, while workers for technology and fintech earn much more than those for retail, hospitality, and leisure. The report also identify salary differences between men and women and warn say workers fit experience slower salary growth after five years with one employer, even as rising living costs continue to put pressure on their purchasing power.
Hint: nobody sabi wetin you dey do after dem read your headline.