Samson Akintaro

The largest network operator in Nigeria, MTN is now close to the 100 million active subscriptions mark as its database hit 96.9 million in May.

Nigeria is at risk of becoming permanently dependent on foreign artificial intelligence (AI) technologies unless it significantly increases investment in developing indigenous AI models, datasets and computing infrastructure, according to a new report.

Billionaire investor and Chairman of First HoldCo Plc, Femi Otedola, has indicated that he intends to build a controlling stake of more than 51% in First HoldCo Plc, saying majority ownership is central to executing the reforms and restructuring needed to create long term value.

Virtual Asset Service Providers (VASPs), including cryptocurrency exchanges and peer to peer (P2P) marketplace operators, risk a N10 million penalty for failing to comply with Nigeria's new tax obligations under the Nigeria Revenue Service (NRS) Guidelines on the Taxation of Virtual Assets.

The Federal Government has directed all Ministries, Departments and Agencies (MDAs) to appoint Data Protection Officers (DPOs), register them with the Nigeria Data Protection Commission (NDPC) and fully comply with the Nigeria Data Protection Act (NDP Act), 2023.

Stablecoin payments infrastructure provider Yellow Card has secured $40 million in a strategic funding round to accelerate its international expansion and scale its Global USD Accounts platform for businesses.

Moove, the Nigerian founded mobility technology company, has raised $250 million in a Series C funding round, achieving a $2.1 billion valuation and officially joining the ranks of Africa's unicorn startups. The funding round was led by Mubadala Investment Company and co led by Woven Capital, Toyota's Growth Fund, and Ion Pacific. The round also […]

IHS Holding Limited shareholders have approved MTN Group's proposed acquisition of the remaining shares in the tower infrastructure company, clearing a major milestone in the transaction.

President Bola Tinubu has attributed the strong financial performance recorded by some companies listed on the Nigerian Exchange (NGX) in the first half of 2026 to the economic reforms implemented by his administration since mid-2023.

A group of stakeholders in the digital asset ecosystem, Digital Assets Coalition, has warned that Nigeria's virtual asset economy, currently valued at $92 billion, could face reduced investment and slower expansion because of the new tax rules introduced by the Nigeria Revenue Service (NRS).