The currency of Nigeria, which has recently shown signs of appreciation against the dollar.
Cardtonic is building a super app for everything gift cards, gadgets, and payments
Nigeria's gifting industry is projected to grow from $2.1 billion in 2024 to $3 billion by 2028. Cardtonic processes around 400,000 gift cards monthly, with a quick turnaround time of about 10 minutes for certain cards.
Jollof rice becomes Nigeria’s new inflation barometer
The national average cost of a pot of jollof rice in Nigeria surged to ₦27,528 as of June 2025. Bauchi recorded the highest cost at ₦41,050, a 587% increase from 2016 levels.
Nigeria’s inflation slows in third consecutive month to 22.22%
Nigeria's headline inflation decelerated to 22.22% in June, down from 22.97% in May. Food inflation increased slightly to 21.97% in June compared to the previous month.
Nigeria’s inflation cools to 22.97% in May as food risks mount
Nigeria's headline inflation decreased to 22.97% in May from 23.61% in April. Food inflation marginally declined to 21.14% in May compared to the previous month.
MTN Nigeria 2024 losses widen to ₦400 billion in two years
MTN Nigeria reported a ₦400.44 billion loss after tax for the full year of 2024. The company experienced a 70% currency plunge following President Bola Ahmed Tinubu’s election.
