HomeNews

News

MTN Agrees $6.2 Billion Deal to Buy IHS Holding

MTN IHS acquisition in a $6.2 billion all-cash deal would delist the tower operator and reshape Africa’s digital infrastructure landscape.

Coleman Seeks N50 Billion in Commercial Paper For Expansion

Coleman commercial paper issuance of N50 billion will fund expansion and fibre optics growth as the Nigerian cable maker returns to debt markets.

Keep exploring

NLC Raises Alarm Over Soldier Deployment to Institutions Amid Strike

The NLC has condemned the government's deployment of soldiers to institutions amid a nationwide strike, calling it an act of intimidation against protesting workers.

Mbappe Secures a Five-Year, €150 Million Deal With Real Madrid

Kylian Mbappe joins Real Madrid in a €150 million deal, setting the stage for an exciting future with the La Liga champions.

Nigeria Advances in Global Markets with Key Economic Reforms

Nigeria's President Bola Tinubu's recent executive orders aim to elevate the country's petroleum sector to global competitiveness.

N44bn Fraud Scandal Rocks First Bank, Police Assistance Sought

A massive N44 billion fraud scandal has rocked First Bank of Nigeria, prompting police involvement and raising significant concerns over internal controls.

Looming Strike Threatens to Deepen Economic Hardship

Nigerian rights group CERON warns the government of a looming labor strike that could worsen the nation's economic hardship. The group urges renewed negotiations between the government and labor unions to reach a compromise on a new minimum wage. With Nigerians already struggling, a strike would further erode purchasing power and potentially lead to social unrest.

IBEDC Sacks Kingsley Achife as Acting Managing Director, Appoints Francis Agoha

IBEDC appoints Francis Agoha as new Acting Managing Director, replacing Kingsley Achife to drive improvements in electricity distribution and service reliability.

Nigeria’s Labor Unions Announce Indefinite Strike

Nigeria's labor unions declare an indefinite strike from June 3, 2024, over unresolved wage and working condition issues, impacting public services nationwide.

Tinubu Launches Initiative to Bridge Gap, Empower Vulnerable Nigerians

In a move to bridge the gap between the government and local communities, Nigerian...

WHO Urges Protection for Youth from Tobacco on World No Tobacco Day

On World No Tobacco Day, WHO emphasizes the need to shield youth from tobacco industry's harmful influence and manipulative marketing.

EFCC Investigates Kwankwaso Over N2.5bn Pension Fraud

Former Kano Governor Kwankwaso is under EFCC investigation for allegedly mismanaging N2.5 billion in pension funds, highlighting deep-seated corruption issues in governance.

Rail Growth Reaches Two-Year High as Transport Sector Exits Recession

Nigeria's rail transport sector reaches a two-year high, signaling recovery from recession driven by investments and policy reforms

House Reps Probe NIPC Over Spending Discrepancies

Nigeria's House of Representatives is investigating the Nigeria Investment Promotion Commission (NIPC) over apparent inconsistencies between its budgeted spending and revenue figures. Lawmakers scrutinized the agency during a hearing focused on monitoring revenue generation by government agencies. The NIPC reportedly spent N3.15 billion in the first quarter of 2024, exceeding the N2.89 billion it collected in revenue during the same period.

Latest articles

MTN Agrees $6.2 Billion Deal to Buy IHS Holding

MTN IHS acquisition in a $6.2 billion all-cash deal would delist the tower operator and reshape Africa’s digital infrastructure landscape.

Coleman Seeks N50 Billion in Commercial Paper For Expansion

Coleman commercial paper issuance of N50 billion will fund expansion and fibre optics growth as the Nigerian cable maker returns to debt markets.

Dangote Predicts Naira Could Strengthen to N1,100 This Year

Dangote says a stronger naira could reach N1,100 per dollar this year as import controls and domestic production reshape Nigeria’s currency outlook.

CJN Warns Against Corruption Blanket Allegations

CJN cautions against blanket corruption allegations, insisting claims must be evidence-based as 14 new Federal High Court judges take oath.