…Record Profit Marks a Strong Rebound MTN Nigeria Communications Plc recorded a landmark ₦750.19 billion profit after tax in the third quarter of 2025, a dramatic turnaround from the ₦514.9 billion loss in the same period last year. The result represents a 245 per cent year-on-year growth, underscoring a robust recovery and operational efficiency. Following this performance, the Board approved an interim dividend of ₦5 per 2 kobo share, signalling a return to profit distribution after a challenging 2024. Data and Digital Services Lead Revenue Growth Total revenue rose 57.4 per cent year-on-year to ₦3.73 trillion from ₦2.37 trillion…
Author: Elvis Eromosele
Dr Fatimah Ahmadu, renowned communications professional and healthcare leader, has been honoured with the prestigious 2025 City People Female Achievers Award in recognition of her outstanding contributions to society, women’s empowerment, and professional excellence across the fields of public relations, healthcare, and humanitarian service. The award, presented in October 2025, celebrates women who have made a remarkable impact in their professions and communities through leadership, innovation, and service. Dr Ahmadu’s recognition underscores her dedication to improving lives and advancing excellence across multiple sectors. Speaking after receiving the award, Dr Ahmadu expressed heartfelt gratitude, “I’m deeply honoured to receive this recognition.…
By Elvis Eromosele The Nigerian marketplace is undergoing a quiet revolution. One powered not by corporate boardrooms or marketing agencies, but by the people who matter most: the consumers. The Consumers Value Awards (CVA), organised by BrandXchange, is the platform that gives Nigerians the power to shape the nation’s business landscape through their votes. The Consumers Value Awards (CVA) seek to recognise brands and government agencies for superior consumer satisfaction and value, determined solely by public votes. The awards aim to empower consumers by giving them a platform to express their opinions, hold companies accountable, and influence market practices. This…
The world of work isn’t just changing, it’s picking up speed. The World Economic Forum’s Future of Jobs Report 2025 says we’ll see 170 million new jobs worldwide by 2030. At the same time, 92 million jobs will disappear. That’s a net gain of 78 million jobs, but it’s not as simple as it sounds. For Africa, and especially Nigeria, that shift brings both opportunity and risk. The continent’s young population could be a huge advantage. But if people don’t get the right skills or governments don’t put the right policies in place, Africa risks falling behind again as the…
The Nigerian Institute of Public Relations (NIPR) has once again strengthened the administration and regulation of public relations practice in Nigeria with the launch of the annual Public Relations, Reputation, Ideas, Concepts and Excellence (PRICE) Awards and Prizes. The Awards will serve as the body’s premier system for the curation, recognition, exhibition and celebration of outstanding campaigns and accomplishments in the practice of public relations in Nigeria. The maiden edition of the Awards will take place on Sunday, 7th December 2025, at the Abuja Continental Hotel. Envisioned as a credible and enduring platform to identify, celebrate, and elevate outstanding individuals,…
President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on petrol and diesel imported into Nigeria. The move, which takes immediate effect, is positioned as part of government efforts to protect local refineries, stabilise the downstream oil market, and strengthen the naira-based economy. However, it is expected to result in a rise in pump prices. The approval was contained in a letter dated October 21, 2025, and publicly reported on October 30, 2025. The letter, signed by Damilotun Aderemi, the President’s Private Secretary, was addressed to the Federal Inland Revenue Service (FIRS) and the…
The Federal Government has released N2.3 billion to federal universities to settle outstanding arrears owed to both academic and non-academic staff. Dr. Tunji Alausa, Minister of Education, announced the disbursement on Wednesday, confirming that the funds, processed through the Office of the Accountant-General of the Federation (OAGF), should start reaching the accounts of beneficiaries immediately. Commitment to Long-Term Stability Dr. Alausa emphasised that the Tinubu administration is committed not just to clearing inherited obligations but to implementing sustainable reforms that ensure long-term stability in the tertiary education sector. Financial Discipline: The Minister stressed that all commitments made to staff unions must…
Nvidia has become the world’s first publicly traded company to reach a $5 trillion market valuation, after its shares rose more than four per cent on Wednesday, according to CNBC. The milestone marks another defining moment in the artificial intelligence (AI) revolution and underscores Nvidia’s transformation from a gaming-focused graphics chipmaker into the global leader in AI computing. Nvidia’s stock has surged more than 50 per cent in 2025, driven by relentless demand for its high-performance AI processors, the backbone of data centres, machine learning models, and next-generation robotics. CEO Jensen Huang announced that Nvidia expects roughly $500 billion in…
The Federal Government has signed a $400 million Strategic Cooperation Agreement with Stellar Steel Company Limited, a subsidiary of China’s Inner Galaxy Group, to establish an integrated steel plant in Ewekoro, Ogun State. The agreement, signed by Prince Shuaibu Abubakar Audu, Minister of Steel Development, on behalf of the Federal Government, marks a major milestone in efforts to revive Nigeria’s long-dormant steel industry and strengthen the country’s industrial base. According to a statement from the Presidency, the project aligns with President Bola Tinubu’s Renewed Hope industrialisation agenda, aimed at reducing Nigeria’s dependence on steel imports and boosting domestic production capacity.…
The House of Representatives has approved President Bola Tinubu’s request to borrow $2.35 billion and issue a $500 million sovereign sukuk to support the financing of Nigeria’s 2025 budget deficit and fund key infrastructure projects. The approvals followed the adoption of a report presented by the House Committee on Aids, Loans, and Debt Management during Wednesday’s plenary session. According to the resolution, lawmakers endorsed the implementation of a new external borrowing of N1.84 trillion (equivalent to $1.23 billion) at a budget exchange rate of N1,500 per dollar, as provided in the 2025 Appropriation Act. The borrowing will help finance part…