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1 week ago | 
businessday.ng | Temitayo Jaiyeola
In 2023, Amoke Odukoya, the founder of Amoke Oge, revealed that she started her amala restaurant business with less than N200,000. Two years later, the food delivery platform Chowdeck announced that the business had reached N2.3 billion in revenue, supported by over 500,000 deliveries completed in just three years. This milestone makes Amoke Oge the first female-led food business on Chowdeck to reach half a million deliveries.
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1 week ago | 
businessday.ng | Temitayo Jaiyeola
Tolu Abolade, a customer experience representative, cannot remember the last time she held more than N10,000 cash. “I only have it for transportation. I pay for every other thing with transfers,” she said. Abolade’s comments reflect a shifting spending culture among many Nigerians and local businesses, which is increasingly leaning more towards transfers than cash.
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1 week ago | 
businessday.ng | Temitayo Jaiyeola
Home > PREMIUM > Cash ditched as N72 million transferred every second Share Tolu Abolade, a customer experience representative, cannot remember the last time she held more than N10,000 cash. “I only have it for transportation. I pay for every other thing with transfers,” she said.
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1 week ago | 
businessday.ng | Temitayo Jaiyeola
Nigeria’s smartphone market shrank by 7 percent in the first quarter of 2025, as mounting economic pressures pushed consumers to prioritise essential goods, such as food, over digital devices. This is according to Canalys, now part of Omdia, a global technology market analyst firm, Q1 report on Africa’s smartphone market.
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1 week ago | 
businessday.ng | Temitayo Jaiyeola
Mobile Virtual Network Operators (MVNOs) cannot extend network coverage to areas lacking telecom infrastructure, industry stakeholders have clarified. However, they noted that MVNOs can play a role in addressing the usage gap in regions that already have coverage but low adoption. According to GSMA, about 120 million Nigerians do not use mobile internet despite living in areas with network coverage.
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1 week ago | 
businessday.ng | Temitayo Jaiyeola
In 2022, Victoria Oladosu asked students in a secondary school in Nasarawa if they could use a desktop computer. They all said no. The experience, which occurred during her compulsory National Youth Service Corps (NYSC) year, would become a turning point. “It was then that I knew I had to do something to solve the problem,” she said. Her solution was an initiative to equip the students with digital skills by bringing trained professionals to teach them.
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1 week ago | 
businessday.ng | Temitayo Jaiyeola
MTN Nigeria Communications Plc and Airtel Africa have aggressively reduced their foreign debt exposure, repaying $1.12 billion between March 2024 and March 2025 in a move to mitigate foreign exchange (FX) risk and return to profitability. But the pivot to local borrowing has come at a cost as high domestic interest rates inflate finance costs. As of March 2025, foreign currency loans made up just 23 percent of MTN Nigeria’s debt portfolio, with domestic loans taking up the rest.
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1 week ago | 
businessday.ng | Temitayo Jaiyeola
Home > PREMIUM > Telcos squeezed as domestic loans’ interest rates rise Share MTN Nigeria Communications Plc and Airtel Africa have aggressively reduced their foreign debt exposure, repaying $1.12 billion between March 2024 and March 2025 in a move to mitigate foreign exchange (FX) risk and return to profitability.
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2 weeks ago | 
businessday.ng | Temitayo Jaiyeola
Google is introducing advanced AI-powered assistants across its advertising platforms, aiming to simplify campaign management and provide more personalised support to advertisers. This development is part of a suite of new innovations unveiled at Google Marketing Live (GML) 2025, the tech giant’s annual event showcasing its latest advancements in advertising and commerce.
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2 weeks ago | 
businessday.ng | Temitayo Jaiyeola
More than six in 10 adult women have remained excluded from the mobile internet boom despite Nigeria’s 172.67 million mobile subscriptions. Only 35 percent of adult women in the country use mobile internet, compared to 52 percent of adult men, according to the Mobile Gender Gap Report 2025 by GSMA, the global industry body for mobile operators. GSMA highlighted that women are still unlikely to own smartphones and come online compared to men.
