Financial

BIG MERGER DEAL: IHS Towers Up for Sale to MTN Group for About $6.2bn

IHS Holding Limited, (NYSE: IHS) (“IHS Towers” or the “Company”), one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count, has  announced that it has entered into a merger agreement (the “Agreement”) to be acquired by MTN Group Limited (“MTN”), a pan-African mobile operator, for $8.50 […]

Read More
Technology

MEXC Assets Maintains Reserve Ratios Above 100%, BTC Coverage Rises to 267%

MEXC, the world’s digital asset exchange and a pioneer of true zero-fee trading, released its February Proof of Reserve report, confirming that all major assets maintained reserve ratios above 100%. BTC reserve coverage rose to 267%, demonstrating the platform’s continued commitment to transparency and user asset protection. The February report shows reserve ratios of 267% […]

Read More
Financial

MTN Nigeria Foundation ₦32.23bn  Reinforces Corporate Citizen Status, Says Okigbo

MTN Nigeria’s strategic decision to invest over ₦32.23 billion through its Foundation is a calculated move to reinforce its status as a responsible corporate citizen while driving its “Shared Value” objective across Nigeria. This monumental social investment is deployed across youth empowerment, digital inclusion, and national development, ensuring the company’s growth is inextricably linked to […]

Read More

Dangote Group Now Highest Taxpayer in Nigeria as Payment in 2024 Hits Over N402bn

The Dangote Group paid over N402 billion in taxes in 2024 to the government making it the highest taxpayer in the country. Consequently, the Federal Inland Revenue Services (FIRS) has named the Dangote Cement Plc as the most tax-paying compliant organization in Nigeria in 2025 by the tax authority, The award was bestowed on Dangote […]

Read More
Financial

IHS Nigeria Q3 Earnings Hits $268m as Group Chairman Applauds Nigeria’s Team Impressive  Performance

  IHS Nigeria, a New York Exchange listed company increased her revenue by 10.6% year-on-year to $268.0 million. According to the latest financail report made available to TechnologyMirror, the impressive report was driven by organic growth during the period and supplemented by favorable movements in the Naira versus the U.S. dollar. New York Stock Exchange […]

Read More
Telecoms

MTN Nigeria Revenue Hits N3.7trl as Subscriber Base Blows-up Close to 100 Million

MTN Nigeria made a whooping sum of  N3.7 trillion service revenue, and increase 12.8 percent while her subscriber base went up by 11.0 percent to hit 85.4 million as at the close of its financial books 30 September 2025 on the Nigerian Stock Exchange (NGX). According to the financial records of the leading telecoms operator […]

Read More
Financial

Dangote Refinery Cutout Landmark Refinancing Deal of $1.35b from Afreximbank

African Export-Import Bank (Afreximbank) has announced the signing of a US$1.35 billion financing facility in favour of Dangote Industries Limited (DIL). The facility is part of a larger approximately US$4 billion syndicated financing arrangement for Dangote Industries Limited (DIL), Africa’s largest industrial conglomerate. Afreximbank acted as the Mandated Lead Arranger, for the syndication. This financing-one […]

Read More
Financial

JUST IN: Airtel Africa Subscribers Reach 167.4 Million, Rollouts Additional 2,300 New Sites as Revenue Hits $1.4m

Airtel Africa Plc has been able to grow her customer base by 9.0% hitting 169.4 million, with data customers increasing by 17.4% to 75.6 million as the pan-African operator focuses on bridging the digital divide across all her markets. According to the statistics from results of her quarter report ended 30 June 2025, Airtel Africa […]

Read More
Financial

Airtel Africa $670m Network Expansion Investment Paying-off, Adds 36,159 4G Infrastructure Sites

Airtel Africa continued investment of $670m in network expansion and modernisation to boost speed, coverage and capacity has began to pay-off  as the telecoms company revealed that it so far 36,159 4G infrastructure sites, including more than 15,300 in rural areas. The leading provider of telecommunications and mobile money services across 14 African countries in its […]

Read More
Financial

MTN Nigeria Unveils Over N900bn CAPEX Drive to Improve Service in Major Cities of Nigeria Including Lagos, Abuja

MTN Nigeria has announced a massive capital expenditure (CAPEX) drive for 2025, nearly doubling its investment to almost 900 billion Naira, as it seeks to significantly enhance network service quality in major cities like Lagos and Abuja and extend improvements to other areas. This financial commitment, up from a combined total of approximately 440 billion […]

Read More