• Bolt and Uber drivers request higher prices as fuel prices rise in Nigeria
• Mano begins paying ₦2,000 weekly bonus to riders on its platform
• MTN Group CEO cleared of preferential allegations toward a female staff
• Flutterwave names former Citi executive as CFO
• FCMB launches its HERcelerate for female tech founders

Bolt and Uber drivers request higher prices as fuel prices rise in Nigeria

Bolt and Uber drivers have begun requesting higher service fees from their passengers due to increased fuel prices nationwide.

The increasing fuel prices have led Bolt and Uber drivers to negotiate with their passengers despite the estimated ride fare on hailing platforms, pleading for their earnings as petrol has become an expensive commodity.

Mano begins paying ₦2,000 weekly bonus to riders on its platform

With the rising inflation in the country and the sudden increase in petrol prices in Nigeria, delivery riders have begun to complain about the wages they make per order on food delivery platforms.

Like other food delivery platforms, Mano has managed to keep the delivery fees affordable and within a specific budget. Still, the current situation in Nigeria has led the startup to consider other solutions for its riders.

To solve this issue, Mano announced a ₦2,000 weekly payment to all its riders, adding to their monthly wage of ₦47,000.

MTN Group CEO cleared of preferential allegations toward a female staff

Allegations against MTN Group’s CEO, Ralph Mupita, have been cleared as he was accused of showing favoritism towards a female executive.

An independent law firm investigated after an anonymous staff member filed the complaint because some staff threatened to resign.

“In its deliberations, the board accepted the report finding and is of the view that the matter has been addressed and is now closed. The board further expressed its full support for the Group Chief Executive Officer and the MTN strategy,” MTN announced.

Flutterwave names former Citi executive as CFO

Flutterwave has named ex-Citi executive Mitesh Popat as its new Chief Financial Officer (CFO) nine months after Oneal Bhambani relinquished the position and left the company.

Mitesh Popat’s two decades of experience and portfolio are excellent. He held several executive positions at Citi, such as CFO for the Middle East and Africa and Global Equities Sales and Trading.

“I have a deep understanding of the operating environment in Africa and the complexity of operating an emerging market business, and I plan to bring my experience in growing Flutterwave while optimizing our business model for sustained profitability,” Mitesh said upon accepting the role.

FCMB launches its ‘HERcelerate’ for female tech founders

FCMB has launched its latest tech program, ‘HERcelerate’, solely for female tech founders to assist in equipping women with skills, networks, and knowledge necessary for funding and growth.

The program is led by the bank’s SheVentures and Hub One innovation hub and enforced by Venture Studio and 8th Gear Hub.

The ‘HERcelerate’ tech program is open to all women-led startups in various tech niches like Agritech, Edtech, Fintech, E-commerce, and Healthtech.