IHS Towers narrows losses to $1.64 billion in 2024 amid Nigerian currency volatility
IHS Towers reduced its losses for 2024 to $1.64 billion from $1.98 billion in 2023. The company's revenue declined 19.5% to $1.71 billion in 2024, down from $2.12 billion in 2023.
Nigeria’s Juicyway raises $3 million to help businesses solve FX shortage problem
Juicyway raised $3 million in pre-seed funding. The startup plans to expand its marketing and business development teams.
Lending product drives MTN Nigeria's fintech revenue growth in H1 2024
MTN Nigeria reported a 2.9% increase in total subscribers, reaching 79.4 million. The telco's fintech business saw 11% revenue growth primarily due to its airtime lending product Xtratime and the adoption of its mobile money services, MoMo.
