The National Bureau of Statistics (NBS) said Nigeria’s Gross Domestic Product (GDP) grew by 3.98 per cent (year-on-year) in real terms in the third quarter (Q3) of 2025. The report also said the growth rate is higher than the 3.86 per cent recorded in the third quarter of 2024. NBS said in nominal terms, the…
First City Monument Bank (FCMB) has been named Nigeria’s Best SME Focused Bank for 2025 by the Chartered Institute of Bankers of Nigeria (CIBN). This recognition comes as FCMB holds a leading 24per cent share of the banking industry’s ₦1.8 trillion total SME disbursement for 2024. The award was presented at the 60th Annual Bankers…
Nigeria has emerged as a powerhouse in the global smartphone recovery, registering a massive 29per cent year-on-year surge in shipments in the third quarter (Q3) of 2025. This dramatic rebound, highlighted in a new report by technology market analyst firm Omdia, signifies a major turnaround for the country after a challenging period of currency volatility…
The Chairman, Association of Licensed Telecommunications Operators of Nigeria (ALTON), Adebayo, has commended the Ogun State Command of the Nigeria Security and Civil Defense Corps (NSCDC) for its exceptional performance in protecting telecommunications infrastructure across the state. Publicity Secretary, Sir. Damian Udeh, in a statement, said Adebayo gave the commendation during a courtesy visit to…
MTN Nigeria has urged collaboration among private and public sector participants to overcome the risk aversion that has been plagued the development of the startup ecosystem in the country. Its Chief Strategy and Investment Officer, Babalola Oyeleye, who spoke during a panel discussion at MTN Cloud Accelerator Demo Day and Investor Mixer of 20 innovative…
Despite the hype about the almost limitless possibilities of the fifth generation (5G) technology adoption, its coverage and use have remained dismally low at three per cent in Nigeria and just four per cent in low-income countries. This has further questioned the rush by countries to deploy the technology which is costly in terms of…
In an unprecedented move that has sent waves of excitement across Nigeria’s shopping community, Konga, the nation’s leading composite e-commerce group, has announced a one-week extension of its blockbuster Yakata sale campaign. Initially scheduled to end on November 30, 2025, Nigeria’s biggest sale of the year will now run until Saturday, December 6, 2025. The…
A 300-level student at Bayero University, Kano, has become the sixth university student to win a car worth ₦35 million in MTN Nigeria’s ongoing campus activation series. Ramatu Yakubu of the Faculty of Agriculture won the grand prize at the conclusion of a three-day event that also distributed millions of naira in laptops, tablets, and…
Nigeria’s state oil company NNPC Ltd said on Monday it recorded a net profit of 5.4 trillion naira ($3.6 billion) in 2024, up 64% from a year earlier. “The earnings highlight the positive momentum of our ongoing transformation and the unwavering commitment of our workforce,” Group Chief Executive Bashir Bayo Ojulari told analysts. Ojulari said…
