PaidHR’s new cross-border payroll feature allows employees to receive salaries in 49 currencies
The new feature will be key for remote workers who receive salaries globally and a hedge against macroeconomic headwinds like currency devaluation.
Joseph Olaoluwa
Lagos Red line mulls hybrid power system, to curb diesel overhead
On Tuesday, the Lagos state government launched its red line, a 37km rail line connecting Oyingbo to Agbado. The train is the second intra-city rail system, following the inauguration of the Blue Line last year.
Lagos State Governor Babajide Samwo-Olu led the first passengers aboard the rail system, who were
BREAKING: Jumia to exit South Africa and Tunisia, focusing on core markets
Jumia's decision to exit these markets will reduce its total number of operating countries from 11 to 9, with a majority of its focus now concentrated in West and East Africa.
Breaking: Nigeria's inflation surges again to 32.70%, defying expectations
Nigeria's headline inflation rate unexpectedly accelerated in September 2024, dashing hopes for a continued decline. The National Bureau of Statistics reported a jump to 32.70% from 32.15% in August, primarily driven by rising food, transportation, and energy costs.
The uptick in prices comes as a blow
Could stablecoins transform the broken nature of cross-border payments?
What are the challenges and opportunities in the space and could stablecoins transform the broken nature of cross-border payments?
Fidelity Bank cuts fraud losses by 88% in H1 2024
The lender's success in reducing fraud losses demonstrates its commitment to responsible banking practices in the financial services industry.
Breaking: Access Bank secures Namibia license, expanding African footprint
This latest expansion comes on the heels of Access Bank's acquisition of ARM Pensions earlier this year.