MTN Group, Africa’s largest mobile network operator, is in advanced negotiations to acquire the remaining 75% stake in IHS Holding Limited that it does not already own. If successful, the deal would give MTN full control of one of the world’s largest independent tower companies. In a statement to investors on Thursday. MTN confirmed it…
Organizers held the 45th Kaduna International Trade Fair in Kaduna. The event featured the theme Sustainable Economic Recovery Through Deepening of Local Content Value Chain. Participants from various sectors attended to discuss economic strategies. Aliko Dangote, President of Dangote Group, led the push for local content development. Fatima Wali-Abdulrahman, Special Adviser to Dangote, represented him…
Leading financial institution, OPay, is been honor as the Fintech/Digital Bank of the Year 2025 during the January 31, 2026, edition of The Sun Awards. This prestigious event, at Eko Hotels and Suites on Victoria Island, marks the first time this category is introduce by the long-established Nigerian media house. In a statement released on Tuesday, OPay described…
Nigeria is gradually losing its position as one of the largest cryptocurrency markets globally. Other countries are advancing by developing innovative products, securing institutional funding, and implementing better regulatory frameworks. This observation comes from Obinna Iwuno, the immediate past President of the Blockchain Association of Nigeria. In an interview with Nairametrics, Iwuno stated that nations…
Oando Group attributed the increase in production to several factors. This includes the full-year consolidation of the NAOC JV interest. Also improved production through following the reactivation of previously constrained wells, and infrastructure upgrades that enhanced the performance of operated assets. Oando reported a 10% rise in profit Oando reported a 10% rise in profit…
According to the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri. Nigeria achieved a major milestone in 2025 by approving 28 new field development plans valued at $18.2 billion. These projects have a combined production capacity of 1.4 billion barrels of oil. Energy Summit (NIES) 2026 Lokpobiri shared this announcement on Tuesday in Abuja….
Anna Bjerde, managing director of operations at the World Bank, says Nigeria has become a frequent global reference point for economic reforms. Bjerde spoke on Tuesday during a special visit to President Bola Tinubu at the State House in Abuja. World Bank Praises Reform Direction Bjerde said Nigeria often comes up in her discussions with…
In 2025, Africa achieved remarkable solar growth, led by South Africa and Nigeria. These two nations drove new capacity additions, policy advancements, and private sector investments. This progress aligns with the findings of the Africa Market Outlook for Solar PV: 2026–2029 report, released by the Global Solar Council (GSC) on Tuesday. The surge reflects a broader continental…
In 2025, Transcorp Hotels achieved a pretax profit of N32.8 billion, marking a 45.1% increase from the previous year. This growth is drives a 38.36% rise in revenue, reaching N97 billion. The company’s performance boosted by the reversal of a financial asset impairment loss. A previous loss of N69.1 million turned into a gain of N16.5 million, alongside reduced finance costs….
