MTN's 25% Growth Fueled by Nigeria, Ghana Markets
MTN Group reported a 25% increase in service revenue to R218 billion for 2025, with Nigeria and Ghana leading growth. Subscribers reached 307 million, supported by R38 billion in network investments.
Category : Business
Esso Expands Procurement Access for Women-Owned Firms
Esso Exploration and Production Nigeria Limited (EEPNL) has reinforced its commitment to supplier diversity by hosting a targeted engagement session for women-owned businesses in Lagos. The initiative aims to create practical opportunities and strengthen
Schneider Electric Names VP for Sub-Saharan Africa
Global energy technology leader Schneider Electric has appointed Steven Santini as Vice President of Secure Power for Sub-Saharan Africa, focusing on digital resilience and ecosystem growth.
High-End Property Demand Drives Investment in Nigerian Cities
Nigeria's first-tier cities like Lagos and Abuja are experiencing a surge in luxury real estate development, driven by affluent investors and diaspora remittances, while experts call for government action to address housing affordability.
FAAC Silent on January Allocation as Revenue Falls for 5th Month
The Federation Accounts Allocation Committee has not disclosed January 2026 revenue figures, marking a fifth consecutive month of declining federal income, raising constitutional concerns.
Zenith, Visa Unveil Premium Visa Signature Card
Zenith Bank partners with Visa to introduce the Visa Signature Card, offering lifestyle and travel benefits for affluent customers globally and locally, with discounts, airport lounge access, and enhanced security features.
CIBN Inducts 2,020 Bankers, Calls for AI Adoption in Nigeria
The Chartered Institute of Bankers of Nigeria inducted 2,020 professionals, emphasizing the need to adopt artificial intelligence to drive innovation and strengthen the financial system amid challenges like high costs and skill gaps.
Guild Calls for Early Warning Systems to Prevent Building Collapses
The Building Collapse Prevention Guild advocates for IoT-enabled sensors and proactive monitoring in Nigerian buildings following a school collapse in Lagos, highlighting signs like cracks and vibrations to save lives.
Middle East War Disrupts Oil, Strains Nigeria's Economy
The escalating US-Iran conflict has shut down the Strait of Hormuz, spiking global oil prices. Nigeria faces fuel shortages and inflation, highlighting economic vulnerabilities in an interconnected world.
Govt Lapses Stall Nigeria's Global Competitiveness
Dele Oye highlights how government failures in diplomacy, trade, and policy are hindering Nigeria's global market competitiveness and denying businesses access to international opportunities.
Bandits Invade Akure Airport, Four Arrested in Security Operation
Suspected bandits invaded the runway area of Akure Airport on Sunday, prompting a swift response from security forces. Air Traffic Controllers raised an alarm, leading to a coordinated operation by NAF, Army, and FAAN personnel, resulting in four arrests.
Firm Aids Displaced Residents in Lagos-Calabar Road Project
KloverHarris Limited offers CSR support to 150 displaced residents in Alpha Beach Settlement, providing essential supplies and addressing community challenges amid the Lagos-Calabar Coastal Highway construction.
Abia Govt Intervention on Umuahia-Ikot Ekpene Road Backed by Locals
Residents of Ikwuano in Umuahia endorse the Abia State Government's move to complete the long-delayed Umuahia-Ikot Ekpene Road, citing federal inaction and poor conditions.
Lagos Forum to Tackle Sustainable Waste Management Challenges
Experts and stakeholders will gather in Lagos to discuss sustainable waste management solutions, including recycling and technology-driven initiatives, to combat flooding and health risks.
Lagos Ride-Hailing Drivers Begin Three-Day Strike
Ride-hailing drivers in Lagos have started a three-day strike, protesting rising operational costs and low earnings. The action, led by AUATON, affects major platforms like Uber and Bolt.
IMF Flags Risks in Africa's Domestic Borrowing
The IMF reports that sub-Saharan African governments are increasingly relying on domestic borrowing, reducing foreign exchange risks but introducing new financial vulnerabilities.
FG Designates IITA Ibadan as Ramsar Wetland of Importance
The Federal Government has officially designated the International Institute of Tropical Agriculture (IITA) campus in Ibadan as a Wetland of International Importance under the Ramsar Convention, recognizing its ecological significance for biodiversity, wa
Experts Offer Strategies to Fix Nigeria's Food System Issues
Agricultural leaders in Nigeria are urged to adopt smart engineering innovations to transform food scarcity into security, addressing issues like poor storage and low yields.
Ondo State, Matna Foods Empower 3,000 in Agriculture
Matna Foods collaborates with Ondo State ministries to launch the WISE Programme, empowering 3,000 youth and women in the cassava value chain through training, inputs, and market access.
Middle East War Deepens Nigeria's Economic Hardship
The escalating Middle East conflict involving the US, Israel, and Iran is driving up global oil prices, exacerbating Nigeria's inflation, transport, and food costs, and testing the resilience of SMEs and households.
Lafarge Reaffirms Commitment to Gender Inclusion and Sustainability
Lafarge Africa Plc commemorated International Women's Day 2026 with an event focused on investing in women for sustainable impact, featuring discussions on economic inclusion and workplace equity.
Starsight Energy Gets $15M BII Funding for West Africa Clean Power
Starsight Energy Africa Group partners with British International Investment to secure $15 million mezzanine funding, driving clean energy growth in West Africa, with Nigeria as a primary beneficiary to reduce reliance on diesel generators.
Higher FAAC Earnings Give Nigeria Leverage to Rebuild Fiscal Buffers
Increased FAAC earnings from oil and subsidy removal provide Nigeria a rare opportunity to replenish depleted fiscal buffers like the Excess Crude Account, amid risks from political spending and debt pressures.
Bitumen Seepages in Ondo Cause Environmental Injustice
A study reveals that surface-level bitumen seepages in Ondo State are contaminating water and soil with heavy metals, exacerbating poverty and health risks for host communities.
Group Rejects Lagos Waterfront Relocation, Backs Regeneration
Rethinking Cities opposes the Lagos Assembly's plan to relocate Makoko residents to Agbowa, warning it disrupts livelihoods and deepens inequality. The group supports the Water City regeneration project for inclusive urban development.
NLC, CPPE Rally FG on Refineries and Energy Crisis
The Nigeria Labour Congress demands refinery operations and wage relief, while the Centre for the Promotion of Private Enterprise calls for strategies to support businesses amid rising energy costs.
GCIEP Projects $1.5B Yearly Revenue from Plastic Recycling
The Green Cities, Infrastructure and Energy Programme (GCIEP) projects Nigeria's plastic recycling sector could generate $1.5 billion yearly, with a $10 billion market opportunity. Stakeholders in Lagos discussed unlocking investment through collaboration
Petrol Imports May Undermine Nigeria's Refining, Group Warns
An advocacy group cautions that new petrol import approvals by regulators could weaken Nigeria's domestic refining efforts and strain foreign exchange reserves, urging President Tinubu to review the policy's long-term economic impact.
Energy Cost Surge Puts Nigerian Businesses at Risk, CPPE Alerts
The Centre for the Promotion of Private Enterprise warns that rising global energy prices, driven by Middle East tensions, severely threaten Nigerian businesses. It urges efficiency improvements and government reforms to mitigate impacts.
Emirates Halts Flights Post-Dubai Airport Drone Strike
Emirates airline has temporarily suspended all flights to and from Dubai following a drone attack near the airport, citing safety concerns amid regional instability from Middle East conflicts.
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