NIGCOMSAT, Nigeria’s government-owned satellite company, has posted a striking jump in revenue; raking in ₦2.2 billion ($1.6 million) in 2025, up from just ₦650 million the previous year, CEO Jane Egerton-Idehen revealed. Yet the strong performance comes with a cloud of uncertainty. Nigeria’s only functioning communications satellite faces an unclear […]
Economy
The Group of 24 (G-24) has sounded a stark warning over rising political turmoil and conflicts worldwide, highlighting the intensifying Middle East war as a major threat to global economic stability. The Group of 24 noted during the World Bank/IMF Spring Meetings in Washington, D.C., that the ongoing Middle East […]
Providus Bank has unveiled the Training to Transaction (T2T) Programme, a forward-thinking initiative set to move African SMEs from export ambition to real global trade activity. It was launched in collaboration with international partners focusing on a persistent challenge: the gap between training and actual business execution. Rather than […]
Starting January 1, 2027, Greek children under 15 will be banned from social media, announced Prime Minister Kyriakos Mitsotakis on Wednesday. In a direct message posted on TikTok, Mitsotakis spoke to the generation most affected: “I know some of you will be upset… This isn’t about keeping you away from […]
Nigeria’s telecom regulator has ordered mobile network operators to compensate customers for persistent service disruptions, introducing a new policy that takes effect in April 2026. The Nigerian Communications Commission said the directive is designed to strengthen accountability across the telecommunications sector, requiring operators to identify affected users and issue compensation […]
Baobab Microfinance Bank has officially announced the opening of its new Head Office located at No. 129 Ikorodu Road, Lagos, marking a significant milestone in the institution’s growth journey and its continued commitment to operational excellence, best in class service to MSMEs and financial inclusion. The relocation to this new […]
Sterling Bank is commemorating the one-year milestone of its Zero Transfer Fees initiative, through which customers have collectively saved more than N1.6 billion since its rollout. The policy, launched on April 1, 2025, scrapped transfer charges on the bank’s digital platform, OneBank, positioning Sterling as the first major Nigerian bank […]
The international e-commerce platform; Temu, said it is dedicated to protecting users’ personal information and will cooperate with authorities to resolve issues regarding its data handling methods in response to an ongoing investigation by Nigeria’s Data Protection agency. This comes after the Nigeria Data Protection Commission (NDPC) announced that it […]
With a deal reached yesterday to purchase IHS Towers, the largest independent towers, operators, and developers of shared communication infrastructure worldwide, at an enterprise value of roughly $6.2 billion, MTN Group has regained its old telecom towers that it first sold to IHS Towers in a dramatic business turnabout. The […]
While the National Agency for Food and Drug Administration and Control renewed its ban on sachets and tiny PET-bottled alcoholic beverages, the Manufacturers Association of Nigeria has called for the Federal Government to step in. MAN cautioned that the numerous, contradictory orders from NAFDAC’s campaign are upsetting companies and causing […]