MTN Nigeria has announced plans to compensate affected subscribers following a directive from the Nigerian Communications Commission (NCC), while reaffirming its commitment to improving service quality across its network. In a statement issued on Thursday, the telecom operator stated that it is fully aligning with the regulator’s directive, noting that customer satisfaction remains central to its operations. “At MTN Nigeria, our customers are the lifeblood of our business. We exist to connect Nigerians to the digital world, and we believe that every subscriber deserves a reliable, high-quality network experience,” the company stated. Describing the NCC’s intervention as timely, the company…
Author: Elvis Eromosele
The Federal Government has identified post-harvest losses as a critical pressure point in Nigeria’s food system, stating that reducing wastage by just 10 per cent could significantly improve food availability and affordability. Speaking at the 2026 Post-Harvest Connect and Root, Tuber, and Banana Conference in Abuja, Abdullahi Aliyu, Minister of State for Agriculture and Food Security, said the country continues to lose a substantial portion of its agricultural output due to weak storage and poor post-harvest management. According to him, farmers lose between 30% and 40% of their produce on average, with losses rising to as much as 60 per…
Unilever Nigeria Plc has reported a strong start to 2026, posting double-digit growth across key performance indicators in its unaudited results for the first quarter ended March 31. The company recorded a 26 per cent increase in revenue to ₦59.2 billion, up from ₦46.9 billion in the corresponding period of 2025. Operating profit rose even faster, climbing 39 per cent to ₦11.5 billion from ₦8.3 billion, while net profit grew by 26 per cent to ₦7.0 billion. Tobi Adeniyi, Managing Director, described the performance as a continuation of the company’s strong momentum from the previous year. “Our Q1 2026 results…
Food prices across Nigeria remain stubbornly high despite massive government interventions and a surge in imports valued at N7.65 trillion in 2025, raising fresh concerns about the effectiveness of current policy measures. Insights from economic and development experts, alongside official data, reveal a widening disconnect between government spending and real market outcomes, as households continue to grapple with declining food affordability. Data from the National Bureau of Statistics (NBS) show that food and beverage imports have climbed sharply—from N3.83 trillion in 2023 to N6.58 trillion in 2024, and further to N7.65 trillion in 2025. Yet, this increase has not translated…
Nestlé Nigeria is celebrating 15 years of impact with the graduation of twenty young trainees from the Flowergate Technical Training Centre. This milestone reinforces the company’s long-standing commitment to youth empowerment through the development of technical and vocational skills among young Nigerians. The Nestlé Technical Training Centre is part of Nestlé Needs YOUth, Nestlé’s global youth initiative launched in 2013 to equip young people with skills, experience, and opportunities to access meaningful employment, with a goal of reaching 10 million youths worldwide by 2030. Since its establishment in 2011 at Agbara Factory, the Nestlé Technical Training Centre has equipped 309…
OpenAI has appointed Emmanuel Marill as its first Managing Director for Europe, the Middle East and Africa (EMEA), signalling a major push to strengthen its footprint across the region amid rising scrutiny of U.S.-based artificial intelligence firms. The company announced the appointment on Wednesday, noting that Marill joins from Airbnb, where he previously led regional operations in a similar capacity. Based in Paris, Marill will oversee OpenAI’s operations across EMEA and report directly to Jason Kwon, according to details cited by Bloomberg. In a statement, Kwon said the move reflects the company’s growing global ambitions as demand surges for its…
Google has selected four Nigerian startups, Bani, MasteryHive AI, Regxta and Termii, for the 10th cohort of its Google for Startups Accelerator Africa programme. The tech giant announced the selection on Wednesday, noting that the Nigerian firms emerged from a highly competitive pool of nearly 2,600 applications to make the final list of 15 startups chosen across the continent. According to Google, the less than one per cent acceptance rate underscores the growing sophistication, technical capacity and resilience of Nigeria’s startup ecosystem. The selected companies are leveraging artificial intelligence to address critical challenges in finance and business operations. Bani is…
Nigeria’s debt servicing burden climbed sharply to about ₦16 trillion in 2025, underscoring rising fiscal pressure as borrowing costs continue to escalate. Data from the Debt Management Office (DMO) show the figure represents a 22.9 per cent increase from ₦13.02 trillion recorded in 2024, an additional ₦2.98 trillion within a year. The increase was largely driven by domestic debt obligations, which rose to ₦8.61 trillion in 2025, up from ₦5.87 trillion in the previous year, a jump of 46.6 per cent. Domestic debt now accounts for 53.8 per cent of total debt servicing, making it the biggest contributor to Nigeria’s…
The Federal Government, through the Debt Management Office (DMO), is set to raise N700 billion from the domestic debt market in April 2026, sustaining its borrowing momentum amid rising yields on long-term instruments. Details from the April 2026 FGN Bond Offer Circular show the auction will take place on April 27, with settlement scheduled for April 29. The issuance will be executed through the re-opening of existing bonds across three maturities, underscoring the government’s strategy to deepen liquidity in benchmark instruments rather than introduce new tenors. Under the offer, N300 billion will be raised from the 17.945 per cent FGN…
The Federation Account Allocation Committee (FAAC) has disbursed a total of N2.036 trillion to the Federal Government, 36 states and local government councils as revenue for March 2026. The distribution was approved at the April FAAC meeting held in Abuja, covering earnings from statutory revenue, Value Added Tax (VAT) and augmentation funds. According to the FAAC communiqué, total distributable revenue for the month stood at N2.036 trillion. This comprised N1.320 trillion from statutory revenue, N515.391 billion from VAT, and an additional N200 billion in augmentation. Gross revenue available for March was N2.364 trillion. However, deductions of N81.084 billion for cost…