Money Matters
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.
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.