Southwest Nigeria commanded the telecommunications market across voice and internet categories based on fresh regulatory statistics that track operator performance through December of last year. The region secured 45.3 million active voice connections alongside 185,475 internet subscribers, establishing clear dominance over five competing zones that collectively represent the national footprint.
MTN retained its market leadership position with 51.39 percent of mobile connections, while total prepaid accounts dropped by more than a quarter year over year. Internet subscriptions contracted by 15.05 percent nationwide despite MTN adding 1.6 million users, as Glo experienced steep losses exceeding 26.9 million customers during the...
Nigeria could cut logistics expenses by trillions of naira and strengthen port operations through modernized maritime policing, according to industry experts who gathered for a specialized forum on law enforcement's economic impact. Francis Omotosho from the National Association of Government-Approved Freight Forwarders Academy argued that outdated enforcement methods and fragmented agency coordination continue driving up costs that ultimately fuel national inflation.
The country maintains one of West Africa's steepest logistics price structures due to checkpoint proliferation, extended cargo detention periods, and inadequate intelligence systems. Omotosho emphasized that officers must adopt technology-driven approaches as Nigeria...
MTN Group and Nigerian federal authorities have mobilized leading businesses from both countries to strengthen economic ties ahead of the G20 Summit. Finance Minister Wale Edun assured investors at the Presidential Trade and Investment Breakfast Dialogue that capital security remains guaranteed, emphasizing the nation's readiness to welcome foreign investment.
MTN Group President Ralph Mupita stressed that corporate sector involvement will prove essential in building a more competitive and resilient continent capable of capitalizing on international markets. The discussions centered on establishing stronger bilateral mechanisms to advance commerce, capital flows, and technological advancement throughout Africa.
Housing minister Ahmed Dangiwa and Nigerian Institute of Quantity Surveyors president Kene Nzekwe emphasized how cost estimation professionals advance transparency during a weekend conference examining fiscal policy, infrastructure planning and governance modernization. Nzekwe praised recent tax system improvements expected to increase capital for development projects while noting that his members ensure construction completion within financial constraints and quality benchmarks.
The minister positioned quantity surveyors as central figures during the economic transformation marked by accelerating reforms and expanding infrastructure requirements amid heightened public demands for accountability. Both officials highlighted how the...
Maritime truckers are demanding a contract extension for Truck Transit Park Limited following the digital system's elimination of bribes that previously reached 350,000 naira per vehicle at Lagos port facilities. Association of Maritime Truck Owners secretary Mohammed Sani Bala stated the electronic platform shortened waiting periods from months to days while reopening commercial operations around Apapa that collapsed during earlier congestion crises.
The group attributes opposition to automation advocates seeking restoration of manual procedures that enabled systematic extortion at informal checkpoints. Analysts warn reverting to paper-based scheduling risks undermining cargo operations handling more than 70 percent of seaborne...
Gilbert Ayoola will guide the Ibadan Zone Shareholders Association after members selected him during the organization's combined annual gathering spanning three years. The former general secretary replaces Eric Akinduro, who acknowledged financial difficulties during his leadership period but expressed confidence in the incoming administration's capacity to advance investor interests across six southwestern states.
Ayoola pledged enhanced scrutiny of corporate practices and expanded educational programs while championing minority stakeholder protections. His executive team consists of Olabisi Odebunmi as first deputy, Nelson Fadoju as second deputy, Benjamin Ogunwale handling correspondence, Oyebamiji Soladoye managing funds, and...
The International Monetary Fund warned that African governments increasingly relying on local credit markets are exposing commercial lenders to heightened sovereign default risks, according to Director Abebe Selassie in a weekend publication. The fund urged Nigeria to channel revenues freed from petroleum subsidy elimination toward healthcare and education rather than curtail expenditure, emphasizing social safety nets for disadvantaged populations.
Selassie advocated strengthening tax collection mechanisms through digitization and administrative reforms mirroring strategies implemented by Ghana, Rwanda and Tanzania, which improved compliance by engaging taxpayers and supporting revenue officials. Public confidence in taxation depends...
Jumia recorded quarterly revenue climbing to $45.6 million while merchandise volumes reached $197.2 million through September, with Nigerian operations accounting for most expansion as gross transaction values surged 43 percent. Chief Executive Temidayo Ojo credited the improvement to warehouse networks serving previously neglected northern and southern territories where conventional retailers have withdrawn amid economic pressures.
The platform balanced metropolitan and provincial customer bases nearly equally through partnerships with neighborhood delivery agents and compact distribution facilities that lowered fulfillment expenses. Categories spanning groceries, apparel, and personal care sustained consistent transaction frequencies...
Nigeria's petroleum minister has urged pipeline saboteurs to obtain licensed modular refineries rather than operate illegal facilities, proposing government financing for operators willing to purchase crude legally and remit taxes. Heineken Lokpobiri inspected the Ebenco Global Link facility in Koko during his appeal, suggesting the Delta State plant could serve as a template for replicating domestically manufactured processing units across the country.
Ebenco executive Ebenezer Akin said the company holds authorization for 30,000 barrels daily but currently develops 1,000-barrel capacity using partnerships with Chinese entities to produce diesel, kerosene and naphtha. Regulatory official Ngozi Nwankwo from the midstream authority...
