Guaranty Trust Holding Company Plc (GTCO) has made a huge capital injection of ₦365.85 billion into its main subsidiary, Guaranty Trust Bank Limited (GTBank), in order to meet the Central …
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- BusinessInfrastructureINVESTMENTNigeriaTechnologyTelecommunications
T2 Partners Huawei to Rebuild Core Network After Rebrand from 9mobile
T2, the Nigerian telecom operator formerly known as 9mobile, has entered into a multi-million-dollar agreement with Chinese infrastructure giant Huawei to rebuild its core network as part of a new …
- BusinessEconomyEventsMiningSustainabilityTrade
Segilola Resources Reaffirms Ethical Sourcing Commitment
Segilola Resources Operating Limited has reaffirmed its commitment to promoting ethical sourcing in Nigeria’s mining industry following its confirmation as a sponsor of the Gold and Gemstone Conference and Exhibition …
- BusinessEconomyEducationManufacturingPoliciesTrade
Nigeria’s Manufacturing Sector Holds Key to Trade Growth, Experts Say
Nigeria needs to urgently reposition its manufacturing sector if it hopes to compete favourably in global trade and strengthen its non-oil economy. Recent data shows that manufacturing contributed only 9.62 …
- AgricultureBusinessEconomyManufacturing
Flour Mills of Nigeria Reaffirms Commitment to Food Security and Local Content
Flour Mills of Nigeria Plc (FMN) has restated its commitment to supporting food security in Nigeria and driving local content development through sustained investments in agriculture and agro-allied industries. The …
- BusinessEconomyEventsInnovationManufacturingTrade
Propak West Africa Set to Open 12th Edition in Lagos with Focus on Innovation and Local Manufacturing
Propak West Africa has announced that its 12th edition will hold next week at the Landmark Centre, Lagos, bringing together industry leaders, manufacturers, and innovators to showcase new solutions in …
- AgricultureBusinessEconomyGovernment PolicyTrade
Trade Group Seeks Transition Plan Before Shea Nut Export Ban
The Alliance for Economic Research and Ethics has urged the Federal Government to create a clear transition plan and consult widely with stakeholders before going ahead with its ban on …
- BusinessEconomyEnergyPublic UtilitiesRegulationSouth Africa
Eskom Settlement with Nersa Triggers R54bn Extra Costs
South Africans will have to pay more for electricity after the National Energy Regulator of South Africa (Nersa) admitted to making mistakes in calculating Eskom’s revenue for the coming years. …
- BankingBusinessCompetition LawFinanceRegulationSouth Africa
Tribunal Orders Toyota, WesBank to Pay R30m for Collusion
South Africa’s Competition Tribunal has confirmed settlement agreements involving WesBank, FirstRand, and subsidiaries of Toyota, over allegations of uncompetitive behaviour in the country’s vehicle financing sector. The companies will pay …
- BusinessInnovationMobile Telecommunications Network (MTN)NAMIBIASouthern AfricaTechnologyTelecommunications
5G Launch by MTC Marks First in Namibia
Namibia has joined the list of African countries adopting fifth-generation network technology, as Mobile Telecommunications Company (MTC) officially launched 5G services at the Ongwediva Annual Trade Fair. With this move, …