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The Lagos State Electricity Regulatory Commission has named 38 companies operating across Lagos that have failed to apply for licences and the necessary regularisation despite repeated directives, raising fresh questions about compliance in the state’s emerging electricity market. The firms, which include MTN, Flour Mills, Golden Penny, First Global Commerce Solutions Limited, African Steel…
MTN Nigeria and Airtel Africa have amassed a combined data revenue of N1.53 trillion in their latest financial results, propelled by a sharp rise in smartphone adoption and internet consumption. The figures underscore the shifting commercial realities of the country’s telecommunications sector, where digital services are rapidly displacing traditional voice calls as the primary engine…
Nigeria’s telecommunications firms no longer have an excuse for dropped calls. The Federal Ministry of Communications, Innovation, and Digital Economy has told operators to improve their networks now that the state has cleared their paths. To help the sector, the government secured World Bank funding for Project BRIDGE, an open-access fibre network. This plan aims…
The National Association of Nigerian Students, South West Zone D, has announced plans to stage demonstrations at South African businesses operating in Nigeria, following fresh reports of xenophobic attacks that allegedly claimed the lives of two Nigerian nationals in South Africa. The association, in a statement signed by its South West Zone Coordinator, Comrade…
Nigeria is talking and browsing more than ever despite the country’s bruising economic headwinds. Active voice subscriptions reached 179.6 million in the final quarter of 2025, an 8.9% jump from the previous year. Internet users followed a similar path, climbing to 148.2 million as digital life became a necessity rather than a choice. These figures…
Investors on the Nigerian Exchange fled the equity market on Tuesday, wiping N1.347tn off total valuations in a single session. This sharp contraction stems from a coordinated exit from bellwether stocks that usually anchor the index. Large-cap heavyweights like MTN Nigeria and Aradel Holdings led the retreat, forcing the All-Share Index down to 241,750.15 points….
A tiny club of 25 companies now controls nearly the entire Nigerian stock market. These blue-chip giants account for 89.96% of the N155.99 trillion total market value on the Nigerian Exchange. Data from the first four months of 2026 shows a market that is top-heavy and increasingly concentrated. Investors are piling into a few liquid…
The Federal Competition and Consumer Protection Commission has rejected claims that it banned airtime borrowing and data advance services in Nigeria, attributing recent disruptions to non-compliance by telecom operators with consumer lending regulations introduced eight months ago. Ondaje Ijagwu, Director of Corporate Affairs at the Commission, said in a statement issued Friday that “no…
