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Folake Balogun

Folake Balogun is a renowned tech journalist who offers insightful and critical analysis of the African rapidly growing digital economy, particularly within Nigeria. She closely monitors the health of the African startup ecosystem by covering significant venture capital trends, investment deals, and the challenges faced by emerging firms. Known for her deep dives into the fintech sector, she covers the evolution of digital payments, dynamics of major financial innovations and also extends to emerging technologies such as Artificial Intelligence (AI) and the future of connectivity by providing context to their economic and social impact.
678 Articles

Brewers’ input costs rise on FX, logistics

Guinness Nigeria and International Breweries recorded the most cost of sales ratio…

6 Min Read

Seven key highlights from Guinness Nigeria’s nine-month financials

Guinness Nigeria Plc’s after-tax loss stood at N12.2 billion in the nine…

4 Min Read

FMCGs’ borrowing costs soar on high interest rates 

Nigerian fast-moving consumer goods firms (FMCGs) have been faced with economic headwinds…

12 Min Read

State governments cornered over N23tn LGs’ allocation in 16 years

State governments have collected over N23.14 trillion meant for the local government…

4 Min Read

Three brewers record N274.5bn loss on high costs

Three brewers in Nigeria, Guinness Nigeria Plc, International Breweries and Nigerian Breweries,…

4 Min Read

Self-employment lowers Nigeria’s jobless rate to 4.3%

Nigeria’s jobless rate dropped to 4.3 percent in the second quarter (Q2)…

6 Min Read

Nigeria, South Africa account for 85% of Africa’s private deals

The latest Stears Private Capital in Africa Report for Q3 2024 revealed…

4 Min Read

Nigeria’s unemployment rate slows to 4.3% in Q2 2024

Nigeria’s unemployment rate slowed to 4.3 percent in the second quarter (Q2)…

2 Min Read
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