Elumelu seeks strategic partnership to boost African economy

The Chairman, United Bank for Africa (UBA) Plc, and Heirs Holdings Group Tony Elumelu, has emphasised the need for a strategic and collaborative approach to drive sustainable economic growth across the African continent. According to him, to see the kind of growth needed in Cameroon specifically and in Africa generally, governments, private sector leaders, and…

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Nigeria is central to Airtel Africa’s strategy, says Mittal

The Chairman of Bharti Airtel, Sunil Bharti Mittal, has reaffirmed Nigeria’s critical role in Airtel’s African operations, describing the country as the backbone of the telecom giant’s strategy on the continent. Fielding questions from reporters at the State House, Abuja, after leading a delegation of Airtel Africa and Airtel Nigeria team to meet with President…

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MTN to report 59% decline in 2024 full year earnings over forex losses, naira depreciation

Telecom giant, MTN Group is set to report a significant decline in its full-year headline earnings per share (HEPS) when it publishes its annual report next month. The mobile operator affixed the drop to deteriorating foreign exchange impacts on its profit amid a good operational performance. MTN noted that its HEPS for the year ending…

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NCDMB pushes for unified local content framework for continental cooperation

Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has advised oil and gas industry stakeholders in Africa to institute an Africa-wide local content framework that would harmonise policies and foster cross-border partnerships. He said such a framework would allow African nations to leverage collective strengths for mutual prosperity, arguing that…

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Ekpo seeks strategic policy framework to drive Africa’s gas revolution

The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has called for a robust and strategic policy framework to unlock Africa’s vast gas resources and ensure energy security, economic diversification, and sustainable industrialisation. Ekpo made the call while speaking at the Nigerian International Energy Summit (NIES) in Abuja and  stated that with over 600…

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Airtel Africa to empower 25,000 Nigeria youths with digital skills

Pan African provider of telecom and mobile money services with a presence in 14 countries across Africa, Airtel Africa, has pledged to support digital and technology skills training for 25,000 youth, drawn from 80 local government areas in Nigeria. The support will be delivered under the 3 Million Technical Talents (3MTT) programme, a Presidential mandate…

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Nigeria, Saudi Arabia seal deal to tap into $7.7tr global halal economy

Nigeria has signed a strategic cooperation agreement with Saudi Arabia’s Halal Products Development Company (HPDC) to position itself as a major player in the global halal market, which is valued at $7.7 trillion. The agreement, signed at the Makkah Halal Forum in Saudi Arabia on Wednesday, will promote investment, technical collaboration, and market access across…

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Tinubu to Mittal: Nigeria ready to adopt successful global models for growth

President Bola Tinubu has reaffirmed his administration’s commitment to adopting successful global economic models, including those from India, to drive Nigeria’s development. Speaking during an interaction with an Airtel delegation led by Chairman Sunil Bharti Mittal at the State House, Abuja, he emphasized that his government is open to learning from other nations to enhance…

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