Francophone Africa and Nigeria’s constant currency growth has lifted Airtel Africa’s profit after tax to $813million, an improvement from $328million in the prior period. Higher profit after tax in the current period was driven by higher operating profit and derivative and foreign exchange gains of $127million compared to $179million derivative and foreign exchange losses in…
Refiant AI, an AI/ML company that compresses frontier models to run at up to 100x lower compute and energy cost, has partnered the Sargent Centre for Process Systems Engineering, a joint research centre between Imperial College London and University College London.The move represents a major step for Refiant AI, which announced its first funding round…
MTN Nigeria has restated its commitment to deepening investment in the country’s youth ecosystem, backing a youth-led creative and innovation platform, with over N45 million in funding for innovative ideas. The Chief Executive Officer of MTN Nigeria, Karl Toriola, who spoke Sunday night at the National Stadium, Surulere, Lagos venue of “The Gathering on 100”,…
Arista Networks, Inc and partners have promised at least, 30 per cent savings in power savings to data centre operators in the country. This emerged when the cloud networking tech giant, in partnership with MART Networks and Resourcery Plc, hosted a forum tagged: “Efficiency Meets Performance – The Arista Advantage” at the Radisson Blu Anchorage…
The Founder and Chairman of Zenith Bank Plc, Jim Ovia, has retired as chair of the bank following the expiration of his tenure in line with regulatory requirements, as disclosed in a corporate notice issued in Lagos on May 5, 2026. Mr. Ovia completed the mandatory 12-year tenure stipulated under corporate governance guidelines for financial…
The Nigerian National Petroleum Company (NNPC) Limited said it has signed a Memorandum of Understanding (MoU) with two Chinese entities, Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd for collaboration through a potential Technical Equity Partnership (TEP) in support of the completion and operation of Port Harcourt and Warri…
Nigeria ranks as the 34th most breached country in first quarter (Q1) 2026, with 281.5k leaked accounts. Globally, a total of 210.3 million accounts were breached, with the US ranking first and amounting to 29 per cent of all breaches from January through March. France took second place, while India is third, followed by Brazil…
The International Telecommunication Union (ITU) and other experts have identified six priorities for safeguarding critical digital infrastructure to avert incidences such as solar storms, submarine cable cuts, satellite disruptions, and extreme weather that could disrupt communication networks and potentially trigger a “digital pandemic”. According to a new report entitled: “When digital systems fail: The hidden…
Driven by its commitment to advancing academic excellence and empowering the next generation of Nigerian leaders, the MTN Foundation has opened applications for its 2026 Scholarship Programmes. This year’s application cycle covers the Science and Technology Scholarship (STS) and the Scholarship for Blind Students (SBS), and the introduction of scholarships for medical students. Medical Scholarships,…
