Nigeria’s adoption of 5G technology is gradually increasing but remains largely confined to sectors like banking, healthcare, and high-tech industries, while most ordinary Nigerians are still unable to afford or …
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Airtel Africa Targets Fintech Leadership with 2026 Airtel Money IPO
Airtel Africa is gearing up to challenge the dominance of African fintech giants with a planned initial public offering (IPO) for its mobile money arm, Airtel Money, set for the …
- BusinessDigital EconomyEastern AfricaEthiopiaFinance & ServicesINVESTMENTKenyaKenya NewsSafaricomTelecommunications
Safaricom Makes History with Over $3 Billion Revenue, Eyes Bigger Growth in Ethiopia
Safaricom, the Nairobi-based telecoms and digital services provider, has made history as the first company in East Africa to surpass $3 billion in annual revenue. The firm’s financial results for …
- BusinessBusiness InsightsBusiness PoliciesDangote IndustriesEconomyEnergyInfrastructureNigeriaOil & GasTrade and CommerceWestern Africa
Dangote Refinery, Marketers Clash Over Local Fuel Supply Claims
The management of Dangote Petroleum Refinery has rejected claims made by oil marketers that the refinery cannot meet Nigeria’s local fuel demand. Officials of the refinery told our correspondent that …
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Stanbic IBTC Bank Wins 2025 Bank of the Year Customer Service Award
Stanbic IBTC Bank has been awarded the 2025 Bank of the Year Customer Service Award at the prestigious Industry Summit/Awards 6.0, which took place in Lagos. This recognition comes after …
- BusinessEconomyEnvironmentINVESTMENTMobile Telecommunications Network (MTN)NigeriaTelecommunications
MTN Nigeria Invests N3.5bn in 2024 for Social and Environmental Impact, Total CSI Spend Hits N31.9bn
MTN Nigeria Communications Plc has announced that it invested N3.5 billion in Corporate Social Investment (CSI) initiatives in 2024, raising its total social impact spending to N31.9 billion since inception. …
- BusinessBusiness InsightsBusiness PoliciesDangote IndustriesEconomyFinance & ServicesManufacturingManufacturing & Consumer GoodsMarketsNigeriaWestern Africa
Manufacturers Count N1.91bn FX Loss in Q1 2025 Amid Currency Volatility
Nigeria’s manufacturing sector continues to feel the pinch of unstable foreign exchange rates, as top firms recorded a combined N1.91 billion forex loss in the first quarter of 2025. This …
- Dangote IndustriesEconomyManufacturingNigeriaTrade and Commerce
Dangote Packaging Targets African Markets After Boosting Production Capacity
Dangote Packaging Limited (DPL), a subsidiary of the Dangote Group, has revealed plans to enter export markets across Africa after ramping up its monthly production capacity of polypropylene bags from …
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NASSI Partners Dangote Group to Boost Investment in Nasarawa State
The Nasarawa State Chapter of the Nigeria Association of Small-Scale Industrialists (NASSI) has entered into a partnership with Dangote Industries Limited to explore new investment opportunities and boost industrial development …
- AfricaDangote IndustriesEnergyFinance & ServicesInfrastructureSpotlightTrade and Commerce
Afreximbank Launches $3bn Credit Line to Support Fuel Imports Across Africa, Caribbean
The African Export-Import Bank (Afreximbank) has launched a $3 billion revolving credit facility to help buyers across Nigeria, Africa, and the Caribbean access refined petroleum products from within the continent. …