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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

Nigeria’s unemployment slows to 4.3% in Q2 2024

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

2 Min Read

Nigeria loses $492bn annually on low tax collection

Nigeria loses $492 billion annually in tax to multinational corporations and wealthy…

5 Min Read

Okomu, Presco’s exchange gain almost triple despite weak Naira

The cumulative exchange gain of Okomu Oil and Presco plc has almost…

5 Min Read

Nigeria’s debt to IDA jumps to $17bn in three months

Nigeria’s debt to the International Development Association(IDA) grew by $600 million to…

4 Min Read

Nascon’s profit slumps to N8.9bn on operating loss

Nascon Allied Industries Plc, a salt maker in Nigeria, has recorded an…

4 Min Read

Nigeria’s economy ranks low on weaker currency

Nigeria’s economy ranks low on weaker currency, rising inflation and other economic…

3 Min Read

Nigeria’s economic reforms not yielding desired results – Report

The International Monetary Fund (IMF) has indicated that the broad-based economic reforms…

3 Min Read

FMN swings to N14.4bn profit on investment income

Flour Mills of Nigeria Plc (FMN), a Nigerian diversified agribusiness company, has…

4 Min Read
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