BUA Foods Plc has emerged as one of The Industry Newspaper’s Top 50 Nigerian Companies of Impact for 2026, joining an exclusive group of organisations recognised for their resilience, innovation, and contribution to Nigeria’s economic growth during one of the country’s most challenging macroeconomic periods in recent memory. The 2026 ranking, now in its fourth…
The management of Dangote Petroleum Refinery and Petrochemicals (DPRP) has expressed concern over the continued issuance of petroleum product import licences despite the refinery’s proven capacity to meet and exceed Nigeria’s domestic Premium Motor Spirit (PMS) requirements. The refinery, in a statement, noted that while it remains fully committed to supporting the country’s energy security…
Rising debt payments are crowding out spending on other sectors of the economy in Africa’s poorest countries, and out-of-pocket medical costs push 150 million people into poverty every year, the UN Economic Commission for Africa (ECA) warned at the opening of the 76th Session of the WHO Regional Committee for Africa, held at the Adwa…
The smartphone market of Middle East and Africa (MEA) declined in second quarter (Q2) 2026, but Samsung, realme, and Apple rose significantly. With no new demand, brands like Samsung gained from their competitor’s volume. According to Counterpoint Research, the comeback of declining brands will be more difficult than just an expansion, particularly against a market…
Foreign reserves have hit $53.1 billion as capital inflows from stronger crude oil earnings continue to accelerate accretion. Data from the Central Bank of Nigeria (CBN) website showed that the reserves closed at $53.1 billion on August 24, the highest level in nearly 18 years. The current reserves position is far higher than CBN’s projected…
By Admin Africa’s largest carrier, MTN Group, said it is exploring banking licences in some of its markets as it considers using its own balance sheet to expand lending services. Its subsidiary, MTN Nigeria, its largest market on the continent with over 90 million active subscribers, already has MoMo Payment Service Bank (MoMo PSB) fintech…
At the Nigerian Bar Association’s 66th Annual General Conference, held under the theme “Beyond Limits,” the conversation around Nigeria’s economic future took a decisive turn towards local capacity, digital transformation and smarter public procurement. During a high-level session on “E-Commerce and Procurement: Transforming Public Contracting through Digital Systems, Transparency and Local Capacity Development,” Chairman of…
By Admin The Anambra State ICT Agency has started the deployment of a locally trained artificial intelligence (AI) system to automate its operations and explore the application of AI in governance, revenue management and public-sector productivity. Its Managing Director/Chief Executive Officer, Chukwuemeka Fred Agbata, disclosed this yesterday during a virtual parley with reporters. He outlined…
An incident of infrastructure vandalism in Delta State has severely disrupted network connectivity, leaving thousands of subscribers stranded. The breach, where a robber attacked the sites, occurred at an IHS-managed telecom node in the ASB region on July 8, 2026, immediately knocking 33 base stations offline across 2G, 3G, and 4G spectrums. According to a…
