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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...

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...

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...

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...

Eleganza Industries has launched a nationwide partnership program aimed at expanding product availability through qualified distributors and retail locations while activating underutilized manufacturing capabilities. Managing Director Folashade Okoya explained that the Lagos conglomerate...

Lagos authorities are deploying rigid concrete floating platforms at transit points across the metropolis as part of efforts to expand marine passenger services and freight operations. Waterfront Infrastructure Development Commissioner Dayo Alebiosu stated the six-sided structures provide stable...

FairMoney Microfinance Bank's managing director has declared that Nigeria must prioritize equitable digital financial services to reach its trillion-dollar economic ambitions. Henry Obiekea argued that approximately 40 million economically active citizens lack proper banking relationships, with...

Mobile network operator T2 has disputed online claims suggesting its services depend on IHS tower infrastructure, calling the assertions technically inaccurate and deliberately misleading. The telecommunications company emphasized that national roaming agreements approved by the Nigerian...

CRC Credit Bureau has added Patrick Akhidenor to its board following regulatory clearance from the Central Bank of Nigeria, with the veteran banker representing First Bank of Nigeria after Olusegun Alebiosu's promotion to group managing director. Akhidenor currently oversees risk operations at...

BUA Group founder AbdulSamad Rabiu will receive the Pearl Lifetime Achievement Award for National Economic Development at a ceremony in Lagos marking the organization's three decades of recognition. The honor acknowledges his industrial contributions and leadership across manufacturing, capital...

Nigerian entrepreneurs should consider accessing debt financing as traditional venture capital alternatives prove insufficient for operational expansion, according to Bukola Bankole from TNP during a Lagos business forum. The commercial law firm partner indicated that commercial paper issuances...

ITH Holdings has opened its renovated headquarters in Gbagada Phase 11 as the technology group accelerates expansion across African markets. Chief Executive Olusegun Dada described the workspace upgrade as essential infrastructure for the parent organization overseeing IT Horizons, Zojatech...

The Nigeria–China Strategic Partnership has called for better coordination among federal authorities, regional governments, and international climate initiatives to attract significant private investment into the country's marine economy. Joseph Tegbe, who leads the organization, emphasized that...

Lagos State secured approximately 245 billion naira through two oversubscribed debt instruments, establishing records for sub-national financing in Nigeria. The western state issued a 230 billion naira conventional bond that attracted bids exceeding 310 billion naira, alongside Africa's first...

Apple has dismissed several dozen workers from its sales division as part of an effort to streamline how it distributes products to corporate clients, educational institutions, and government buyers. The cuts affected account managers handling major customers and personnel at customer briefing...

Morocco's designated minister for digital transformation and administrative reform received Philippine officials at ministry facilities in Rabat to advance e-governance partnerships and information exchange between the nations. Amal Al-Falah Al-Sagroshny outlined the Digital Morocco 2030...

Continental health ministers endorsed the Smart Africa Digital Health Blueprint at a summit in Guinea, establishing standards for patient data portability among 42 member nations and addressing mortality disparities linked to disconnected medical systems. Life expectancy across the region...

Gabon's digital economy ministry assembled officials to assess electronic visa infrastructure, national identity systems and domestic supplier preferences during a session attended by mobile money representatives from Airtel, Moov and Clikpay. The government plans to activate online payment...

Orange Maroc opened its largest African data facility during a ceremony attended by Nouaceur Province Governor Jalal Benhayoun and representatives from government and business sectors. The infrastructure offers 1.5 megawatts of initial capacity, certified by the UPTIME Institute, while targeting...

Naspers and subsidiary Prosus confirmed robust earnings momentum spanning Latin America, Europe, India and South Africa while projecting full-year adjusted earnings before interest, taxes, depreciation and amortization exceeding $1.1 billion. The conglomerate achieved profitability across all...