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1 week ago | 
businessday.ng | David Olujinmi |Folake Balogun |Chinwe Michael
Insurance firms are tapping technology and innovation to drive the growth of their sector. At the 2025 edition of the BusinessDay Insurance Conference, themed ‘Resilience and Growth in Uncertainty: Charting the Path for Nigeria’s Insurance Industry’, stakeholders from across the insurance value chain said that innovation, technology, and infrastructure are critical for their growth.
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1 week ago | 
businessday.ng | Folake Balogun
Opay has seen its valuation rise to $2.75 billion based on recent regulatory filings from its minority investor, Opera Limited. While the valuation increase is notable, the filings also reveal a sharp slowdown in unrealised fair value gains, as reported by Techpoint Africa. Opera Limited, an early investor in OPay, owns 9.4 percent of the company, with its stake valued at $258.3 million in 2024, up slightly from $253.3 million in 2023.
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2 weeks ago | 
businessday.ng | Folake Balogun
We are deeply saddened by the passing of Pascal Dozie, founding chairman of MTN Nigeria. We extend our heartfelt condolences to his family, friends, and all who had the privilege of knowing and working with him. A pioneer, statesman, and titan of industry, Dozie played a pivotal role in the emergence of mobile telephony in Nigeria and in shaping the MTN Nigeria story. He brought insight, experience, and leadership at a time when bold vision was essential.
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2 weeks ago | 
businessday.ng | Folake Balogun
Mobile money platforms processed about 108 billion transactions valued at $1.68 trillion in 2024, according to GSMA’s ‘State of the Industry Report on Mobile Money 2025’ report released Tuesday. GSMA’s mobile money programme works to advance the mobile money ecosystem of communities that lack access to more traditional banking services.
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2 weeks ago | 
businessday.ng | Folake Balogun
The African Digital Economy & Inclusivity Conference (AFDEIC 2025) is set to focus on Africa’s $180 billion digital economy and the role of artificial intelligence in fostering inclusive growth.
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2 weeks ago | 
businessday.ng | Folake Balogun
Artificial Intelligence (AI) and machine learning will empower Africa to solve its challenges faster and cheaper, according to Juliet Ehimuan, founder of Beyond Limits and the convener of the DICE platform. She stated this at DICE 3.0, a gathering that brought together key stakeholders in Africa’s tech, business, and creative ecosystem.
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2 weeks ago | 
businessday.ng | Folake Balogun
Temu has signed on DHL Group as one of its logistics partners to deepen its Nigerian operation. The company stated this while signing a logistics partnership Memorandum of Understanding (MOU) with DHL. The e-commerce platform stated that the MOU will help it focus on supporting local small and medium-sized enterprises (SMEs) in established and emerging markets across Africa, Eastern Europe, and the Middle East.
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3 weeks ago | 
businessday.ng | Folake Balogun
Accion Microfinance Bank has empowered female entrepreneurs through its ‘Digital Skills Bootcamp for Women’. The bootcamp is designed to equip female entrepreneurs and business owners with essential digital and financial literacy skills, enabling them to grow their businesses, improve financial management, and access funding opportunities for long-term economic independence.
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3 weeks ago | 
businessday.ng | Folake Balogun
Temu and Pricepally are case studies of entrants in the Nigerian e-commerce market who are making waves in the battle for a $9.54 billion market share in 2025. Nigeria’s e-commerce market is estimated at $9.54 billion in 2025 and is expected to hit $16.68 billion by 2030, according to Mordor Intelligence, a market intelligence and advisory firm.
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3 weeks ago | 
businessday.ng | Folake Balogun
FundQuest Financial Services Limited has hosted FundHER, which empowered about 100 women-led Small and Medium Enterprises (SMEs) with access to funding and business insights to fuel economic growth. FundHER by FundQuest Conference is an initiative by the firm to celebrate this year’s International Women’s Month with a renewed commitment to economic empowerment.
