MTN Nigeria has reported a staggering N400 billion loss for 2024, driven by the sharp devaluation of the naira and rising operational costs. Despite the economic challenges, the telecom giant is implementing strategic measures to sustain its market leadership.
Nigerian naira strengthens against the dollar, investors wonder if the rally will last. With inflation adjustments, monetary policy shifts, and FX market dynamics in play, the currency faces a crucial test in the coming weeks.
Microsoft has launched a $1 million AI training initiative in Nigeria, targeting one million participants over two years. While the program aims to boost digital skills, questions remain about its feasibility and impact. Read more about Microsoft's vision for AI in Africa.
Johnvents Group secures $40.5M from BII to boost Nigeria’s cocoa industry, enhance processing, and support sustainability. Learn how this investment will transform local farming and global competitiveness.
Oui Capital’s early $150,000 investment in Moniepoint turned into a 53x return, fueled by strong leadership and rapid business growth. Here’s how the firm turned conviction into one of Africa’s standout venture capital success stories.
National Bureau of Statistics (NBS) reported a significant drop in Nigeria’s inflation rate to 24.48% in January 2025, driven by food, transport, and accommodation costs. NBS also announced new indices to inform policymakers.
Nigerian banking stocks are on the rise, with the NGX Banking Index up 12.24% after lenders raised over ₦1 trillion ($662 million) to meet new capital requirements. Investor confidence is growing, but experts caution that sustained growth depends on economic and regulatory stability.
Nigeria’s consumer credit soared to N4.42 trillion in November 2024, marking a 26.29% increase amid rising inflation. The CBN report attributes this surge to inflation expectations, with personal loans witnessing the highest growth.
Haldane McCall PLC has announced a remarkable financial performance for 2024, with pre-tax profit soaring to N1.01 billion—a 168.44% increase from the previous year. Revenue also grew by 109.50%, reaching N3.6 billion, driven by strong land and building sales. Explore the full breakdown of their financial highlights, including asset growth and operational insights, in this detailed report.
San Diego FC welcomes Nigerian GRAMMY-winning artist Tems as a new Club Partner. Through her company, The Leading Vibe, Tems joins a distinguished group of partners to inspire and empower communities on and off the pitch.