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News
Meta gifts 12 AI startups from Nigeria, Kenya, Senegal and SA $200,000
Meta has announced the winners for its impact programme grants, listing Nigeria among the top African countries to be selected. The…
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Telecommunication
Nigeria’s Telcos Record Strong Profit Growth in 9M 2025 on Robust Revenues, Cost Control, and FX Gains
In the first nine months of 2025 (9M 2025), Nigeria’s telecommunications sector recorded robust profit growth, supported by foreign exchange…
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News
MVNO: Two years after NCC licensing, rollout stalls for most operators
Two years after the Nigerian Communications Commission (NCC) licensed 43 Mobile Virtual Network Operators (MVNOs) to expand telecom competition and…
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News
FG to invest N12 billion in digital economy research projects
The Federal Government has announced plans to invest N12 billion in digital economy research projects to strengthen Nigeria’s position in…
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Oil & Gas
$50bn secured for refinery, free zone development in Ondo, says Backbone Infrastructure
Backbone Infrastructure Nigeria Limited (BINL) says it has secured over $50 billion for the development of a “500,000-barrels-per-day refinery and a…
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News
EFCC vs Nwabuoku: High-Stakes Fraud Trial Hits Roadblock as Court Reserves Ruling
The Federal High Court in Abuja has reserved judgment on the no-case submission filed by former Acting Accountant-General of the…
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News
Naira Plunges as Trump’s Threats Fuel Dollar Surge
The Nigerian naira has taken a hit, depreciating sharply against the US dollar following a series of threatening comments from…
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Banking
First Holdco’s Returns Take a Hit: 9M’25 Earnings Analysis
First Holdco Plc’s 9M’25 financial results have been a mixed bag, with strong growth in core banking income offset by…
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News
Oil Market Remains Largely Unmoved by OPEC+ Efforts – OIR 041125
This week’s newsletter offers a concise overview of the key figures and data in the energy markets for the week.…
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News
Amazon Cuts 14,000 Corporate Jobs in Bid to Streamline Operations
Amazon is laying off approximately 14,000 corporate workers, or about 4% of its corporate staff, as part of an effort…
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