MTN Group has announced plans to acquire full ownership of IHS Towers, after the IHS board accepted an offer of US$8.50 per share, a move that would see MTN increase its stake from 24.7 per cent to 100 per cent and take the company private. The proposed transaction, which remains subject to shareholder and regulatory […]
MTN Moves TO ACQUIRE IHS TOWERS IN $ 2.2BN DEAL FULLY, Plans NYSE Delisting Read More »
Russia has completed the sale of Moscow Domodedovo Airport, the country’s fourth-busiest aviation hub, to the managing company of Sheremetyevo Airport, following a court ruling that transferred the asset to the state earlier this year. In June, a Russian court ordered Domodedovo’s ownership to be nationalised, ruling that its former owners, Dmitry Kamenshchik and Valery
Major telecommunications companies are shifting focus toward data services as growth in new mobile subscribers begins to plateau, according to industry analysis. With voice and SMS markets nearing saturation, telecom operators are increasingly relying on mobile data, broadband services, and digital platforms to sustain revenue and profitability. Rising demand for video streaming, social media, cloud
Telecom Firms Turn to Data as Subscriber Growth Slows Read More »
Former African Development Bank (AfDB) President, Dr. Akinwumi Adesina, has announced the launch of the Global Africa Investment Summit (GAIS), a new platform aimed at drawing large-scale private investment into Africa and reshaping how the continent is viewed by global capital markets. The initiative is designed to move Africa away from reliance on aid and
Adesina Unveils Global Africa Investment Summit to Attract Private Capital Read More »
FirstHoldco Plc has announced the commencement of a major rebuilding and restructuring process, acknowledging that the transformation of the financial services group will involve significant operational disruptions as it seeks long-term sustainability and growth. In a statement shared on social media, the Group Chief Executive Officer, Femi Otedola, described the restructuring as a necessary step
FirstHoldco Plc Begins Major Restructuring to Drive Long-Term Sustainability Read More »
Nigeria’s Dangote Group is moving forward with its planned $2.5 billion fertiliser complex in Ethiopia, a project that could significantly reshape the country’s agricultural input market and alter the competitive balance in East Africa’s fertiliser value chain.The project, signed between Dangote Group and Ethiopian Investment Holdings (EIH), involves the construction of a large-scale urea fertiliser
Dangote Advances $2.5bn Fertiliser Project in Ethiopia as OCP Influence Looms Read More »
Nigeria has taken another step toward entering the electric vehicle (EV) manufacturing space after signing a new cooperation agreement with South Korea.In a post shared on X (formerly Twitter), the National Automotive Design and Development Council (NADDC) announced that both countries have signed a Memorandum of Understanding aimed at establishing electric vehicle manufacturing and charging
Nigeria Moves Closer to Electric Vehicle Manufacturing with South Korea Deal Read More »
Awka, Anambra State Governor Chukwuma Soludo of Anambra State has condemned the continued closure of shops at the Onitsha Main Market on Mondays, describing the practice as “deliberate economic sabotage”. He insisted that the sit-at-home order, often cited by traders, officially ended in the state in 2023. The governor made the remarks on Wednesday, January
Sit-at-Home in Onitsha Sparks Governor’s Warning on Market Takeover Read More »
Abuja, Nigeria The legal proceedings surrounding the controversial naira redesign have entered a critical phase, as a Federal Capital Territory (FCT) High Court has fixed 10 hearing days to conclude the trial of former Central Bank of Nigeria (CBN) governor Godwin Emefiele over alleged corruption linked to the currency overhaul. Justice Maryanne Anenih announced the
10 Days to Decide Emefiele’s Fate in Naira Redesign Case Read More »
Abuja Shell Plc Chief Executive Officer, Wael Sawan, has praised President Bola Ahmed Tinubu for restoring investor confidence in Nigeria and creating a policy environment that is once again attracting major global capital into the country’s oil and gas sector. Speaking during a high-level meeting with the President at the Presidential Villa in Abuja, Sawan
Shell CEO Commends Tinubu as Nigeria Eyes $20bn Fresh Energy Investments Read More »
