The Federal Government, in collaboration with development partners, has stepped up efforts to accelerate the implementation of the Special Agro-Industrial Processing Zones (SAPZ) Programme, a major agricultural initiative projected to generate more than 500,000 direct and indirect jobs in each project location while significantly reducing post-harvest losses across the country. The renewed commitment was underscored…
The Middle East and Africa (MEA) mobile shipments declined by 7% YoY in Q1 2026, marking the region’s first quarter of decline after a strong 2025, according to Counterpoint’s latest Market Monitor. The decline was due to increasing prices stemming from the memory crisis, as well as the regional conflict in the Middle East which…
No fewer than 37 start-ups in Africa announced a total of $135m in funding through $100k+ deals (equity, debt, grants; excl. exits) in May 2026. According to the latest stats shared by Africa: The Big Deal, deal activity improved again after April (32) and the March low (22), but remains below the previous 12-month average…
Nigeria’s epileptic electricity situation is costing the economy more than $35billion (about ₦48 trillion) annually, according to a new economic brief released by financial expert and Director of Arthur Group, Martins Itua. The report blamed the losses to chronic power shortages, widespread reliance on self-generated electricity, disrupted business operations, damaged equipment, and post-harvest losses across…
Africa’s digital commerce ecosystem is at a critical turning point. While significant progress has been made in payments, financial technology, and online transactions, industry leaders agree that the next phase of growth will depend on how effectively businesses reduce operational friction, embrace emerging technologies, and build trust across borders. These issues took centre stage at…
Global pressure on corporations to provide transparent climate and sustainability disclosures is reshaping reporting standards across capital markets. Anticipating that shift, MTN released its first sustainability report in 2018. And it has just published its 2025 Sustainability Report in compliance with International Financial Reporting Standards (IFRS) S1 and S2. It is one of the few…
The quality of content subscribers consumes and the increasing number of connected devices all contributes to higher data usage, it was gathered at the weekend. Chief Executive Officer of MTN Nigeria, Dr Karl Toriola, who spoke in Lagos underscored the growing importance of data in today’s digital economy and the importance of trust and greater…
The Bank of Industry (BOI) has been recognised with two prestigious awards at the recently concluded EMEA Finance Achievement Awards, reinforcing its position as a leading development finance institution driving inclusive and sustainable economic growth across Africa. The Bank received the Best Sustainability Deal in Africa Award for its financing intervention under the Nigeria Distributed…
The Nigerian Communications Commission (NCC) has commended the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, for championing initiatives aimed at empowering the younger generation with digital knowledge and skills, especially the Nigerian girls. Speaking while conducting 185 contestants of the 2026 National Girls in ICT (NG-ICT) Competition on a tour of the…
