Airtel Nigeria has introduced a smartphone financing initiative allowing existing subscribers to acquire 4G-enabled devices through installment payments rather than upfront costs. The telecommunications provider will offer the Itel A50 handset initially, targeting users still operating 2G and 3G equipment to facilitate their transition to faster connectivity. Eligibility requires at least three months of active…

Nigeria’s aggressive monetary policy tightening drove substantial investor interest in fixed income securities last year, according to Kemi Awodein, president of the Association of Issuing Houses of Nigeria. The central bank raised its benchmark rate eight times, accumulating 875 basis points to reach 27.5 percent by year’s end from an initial 18.75 percent, as policymakers…

African nations processed nearly two trillion dollars across 64 billion digital payment transactions through 36 operational instant payment systems spanning 31 countries, according to findings from AfricaNenda Foundation released in partnership with the World Bank and United Nations Economic Commission for Africa. Nigeria’s platform achieved mature inclusivity status while half the continent’s infrastructure now connects…

More than 1,000 participants attended the eighth Nigerian Diaspora Investment Summit in person, while additional delegates joined remotely to discuss mobilizing expatriate capital for regional and national economic advancement. Summit coordinator Badewa Adejugbe-Williams emphasized that collaboration between citizens abroad and domestic stakeholders produces exceptional results, while praising Nigerians in Diaspora Commission chairman Abike Dabiri-Erewa for…

Property specialists are advocating for comprehensive reforms to Nigeria’s Land Use Act following persistent disputes over title ownership, with former estate surveyors association chairman Gbenga Ismail recommending digital records management and transparent geographic information systems at the state level. The 1978 legislation vests territorial control in governors who hold authority as trustees, issuing certificates of…

Nigerian authorities are targeting crude output of 2.5 million barrels daily by reactivating idle oil fields and accelerating regulatory processes, while current unreconciled volumes average between 1.7 million and 1.83 million barrels, according to upstream petroleum regulatory commission chief executive Gbenga Komolafe. The regulator has authorized 37 evacuation routes and intensified cooperation with security forces…

Chemical and Allied Products managing director Bolarin Okunowo urged African construction professionals to adopt environmentally responsible materials during Design Week Lagos, where the company presented Dulux brand innovations, including low-emission coatings and digital color selection tools. The manufacturer emphasized that sustainable surface preparation through its Caplux product line forms the foundation for durable finishes while…

A three-million-euro vocational training facility for electrical technology has commenced construction in Ogun State with support from the African Union Development Agency and the Skills Initiative for Africa program, according to presidential advisor Adamson Ayinde. MOMAS Group secured financing under SIFA’s first funding window after exceeding required counterpart contribution levels for the project addressing workforce…

Air Peace has accused foreign lessor SmartLynx of breaching contract terms by withdrawing three wet-leased aircraft without notice, resulting in flight disruptions and financial losses exceeding 15 million dollars. Chief Commercial Officer Nowel Ngala stated the carrier paid over five million dollars in advance to SmartLynx, which allegedly knew the aircraft owners would reclaim them…

MTN Nigeria has allocated over 32.23 billion naira through its Foundation toward youth empowerment, digital inclusion, and infrastructure development, supporting programs including the Skills Academy and STEM scholarships that have enabled recipients such as visually impaired student Sofiya Mustapha to acquire programming competencies. The telecommunications company continues backing the Federal Ministry of Communications’ three-million technical…