Business

BUA Group Chairman, Akwa Ibom Governor & Others Get Accolades at 2024 Industry Awards

The Industry Newspaper, organisers of The Industry Summit/Awards have named the Governor of Akwa Ibom State, Pastor Umo Eno as the Industry Governor of the Year for his policies and programmes designed to promote and improve startups and entrepreneurship in the state. In the year under review, Pastor Eno has demonstrated exceptional leadership in the […]

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Business

AGM: We Are Inspired By Resilience, Navigate Our challenges, MTN Nigeria Tells Shareholders

MTN Nigeria Communications Plc held its 2025 Annual General Meeting (AGM) in Lagos, Southwest Nigeria, where shareholders reviewed the company’s full-year financial performance and endorsed its strategic priorities for the future. The AGM came on the heels of a strong first quarter in 2025, during which MTN Nigeria invested a record ₦202.4 billion in capital […]

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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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News

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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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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News

Backbase Launches World’s First AI Banking Platform, Putting Banks Back in Growth Mode

AMA PRESS RELEASE Backbase is set for a major industry shift as it launches of the world’s first AI-powered Banking Platform, following the launch of its Intelligence Fabric in September 2024. Momentum accelerates with the release of its next-generation platform, purpose-built to accelerate growth and efficiency in banking by unifying two mission-critical domains: customer servicing […]

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Business

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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