Business

Nigeria Gets Stakeholders’ Startup Consultative Forum to Leapfrog Ecosystem for National Development

A Startup Consultative Forum, an initiative designed to accelerate the implementation of the Nigeria Startup Act (NSA) and strengthen the country’s tech startup ecosystem, has taken root in Nigeria. Inaugurating the Forum, Director-General of the National Information Technology Development Agency (NITDA), Mr Kashifu Inuwa described the platform as more than just a stakeholder meeting. He […]

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Business

IT Community Centre Designed for Ibadan Women and Youths Berth with Support from NITDA

The National Information Technology Development Agency (NITDA), in partnership with the Renewed Hope Initiative (RHI), has officially commissioned a state-of-the-art IT Community Centre in Ibadan, Oyo State, as part of ongoing efforts to bridge the digital divide and empower youth and women across the state. The centre, which was donated to Oladipo Alayande School of […]

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Tsholofelo Molefe, MTN Group CFO.
Business

MTN Group Pays Over $2bn in Taxes, Says Group CFO

MTN Group, Africa’s largest telecoms company, paid more than $2 billion  in taxes last year across its 16 markets on two continents. This total included corporate taxes, indirect taxes, withholding taxes, payroll taxes, operating license fees, and other payments to government agencies. MTN Group, which serves 290.9 million subscribers, yesterday released a set of its […]

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Karl Toriola, MTN Nigeria CEO
 News

JUST IN: MTN Nigeria Returns to Profitability Earns N1trl Plus Free Cash Flow of N209.9bn

MTN Nigeria Communications Plc has returned to profitability after the mishap in its financial books last year. Latest financail releases of unaudited results for the quarter ended 31 March 2025 by the leading Africa’s telecoms company revealed a whooping service revenue of N1.0 trillion. The financial books made available to TechnologyMirror said that service revenue […]

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Business

Nigeria Needs $410bn for Energy Transition and $40m to Close Electricity Gap, Says REA Boss

Nigeria would require approximately $410 billion for full energy transition and $40 billion to close the electricity access gap. According to the Managing Director of Rural Electrification Agency (REA), Mr Abba Aliyu, Nigeria created only 70,000 renewable energy jobs last year, in spite of its opportunities in the space, saying that “We must convert electricity […]

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Business

Dangote Sugar Records Impressive Performance with N665.6bn Turnover 51% Increase

Dangote Sugar Refinery Plc, turnover increased by 51 per cent to N665.6 billion for the year ended December 31, 2024, as against the corresponding figure of N441.5 billion recorded for the 2023 financial year. Speaking at the 19th Annual General Meeting (AGM) Chairman of the company, Mr Aliko Dangote noted that the company’s performance in 2024 […]

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Business

After 22 Years, NCC Moves to Review 2003 Act, Says Act Outdated

After existing for 22 years and being the product that set the Nigerian telecommunications industry for revolution, the Nigerian Communications Commission (NCC) 2003 Act is set for review address trends in the technology space that the Acts didn’t address at inception. At the instance of the Commission, stakeholders and experts met in Lagos, Southwest Nigeria […]

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Business

SEO Experts Set for Lagos Digital Marketing Conference

Experts in the African digital marketing ecosystem are set to converge on Lagos, Nigeria for the second edition of Seach AfriCon. The continent’s foremost SEO and digital marketing event will hold at Mike Adenuga Centre, Alliance Francaise, Osborne Road, Ikoyi, Lagos State and will feature a panel discussion on ‘How African Culture Influences Digital Marketing […]

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Business

Seplat Energy Records N1.2trl Revenue Just As $250m Credit Facility Drops by $100m

  Strong cash position supports early repayment of $250 million reducing the Revolving Credit Facility (RCF) to $100 million, and an increase in our quarterly dividend to US$ 4.6 cents per share. Seplat Energy PLC, a Nigerian independent energy Company listed on both the Nigerian Exchange and the London Stock Exchange, audited results for the […]

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Business

Again. Dangote Petroleum Turns-out Trainee Engineers 

A new batch of 52 trainee engineers have successfully completed their Dangote Petroleum Refinery Graduate Trainee Programme and are now set to be inducted into the refinery as employees. The trainee engineers in the field of Chemical Engineering, Electrical/Electronic Engineering and Mechanical Engineering finished their training with presentation and defense of their final projects in […]

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