Saudi Arabia on Tuesday officially announced the sighting of the crescent moon, marking the beginning of Ramadan 1447 AH. With the Hilal confirmed, the holy month of Ramadan will begin on Wednesday, February 18, 2026, while Taraweeh prayers will be observed after the Isha prayer on Tuesday night. A post …
Read More »FG to scrutinise $6.2 billion MTN-IHS deal over sector risks -Minister
The Federal Government has announced plans to subject the proposed $6.2 billion acquisition of IHS Holding Limited by MTN Group to a comprehensive regulatory review, citing the critical role of telecoms infrastructure in Nigeria’s economy and national security architecture. This was according to a press statement by the Minister of …
Read More »El-Rufai phone hacking: Amaechi accuses Ribadu of plotting 2031 presidency
Rotimi Amaechi, former minister of transportation, has alleged that National Security Adviser Nuhu Ribadu is positioning himself for the 2031 presidential race. Recall that the allegations come amid heightened political tension following claims by El-Rufai that his phone was being monitored, a development that has triggered public debate over surveillance …
Read More »Ogun debt hits N494bn, IGR rises above N240bn
The Ogun State Commissioner for Finance and Chief Economic Adviser to the Governor, Dapo Okubadejo, on Tuesday said the state’s debt profile currently stands at about N494bn. Okubadejo noted that while local debt rose from N133bn in 2019 to N194bn as of December 2025, foreign debt increased from N33bn in …
Read More »Popoola advocates for collaborative alignment to drive sustainable capital at IFC Cairo Conference
Temi Popoola, GMD/CEO of NGX Group, called for deeper collaboration among regulators, exchanges, and international partners to unlock sustainable capital flows in emergingmarkets, noting the need for stronger ESG disclosure frameworks, policy consistency, and coordinated market infrastructure. Highlighting Nigeria’s progress, he referenced the country’s expanding green and sustainable bond …
Read More »5G adoption stalls at 3% as 4G retains majority share – NCC
Nigeria’s 5G rollout remains slow, with subscriptions standing at 3.17 per cent as of August 2025, while 4G accounts for 51.22 per cent of total mobile connections. According to the Nigerian Communications Commission (NCC), 2G still represents between 38 and 40 per cent of subscriptions, while 3G usage continues …
Read More »N328.5bn Billing: How Political Patronage Built Lagos’ Agbero Shadow Tax Empire
BY BLAISE UDUNZE Lagos prides itself as Africa’s commercial nerve centre. It markets innovation, fintech unicorns, rail lines, blue-water ferries, and billion-dollar real estate. Though with the glittering skyline and megacity ambition lies a parallel state, a shadow taxation regime run not from Alausa, but from motor parks, bus stops, …
Read More »Aliko Dangote Foundation Spends N1.5bn on Bayero University’s PG students
Aliko Dangote Foundation (ADF), chaired by Africa’s wealthiest man, Aliko Dangote, has signed a Memorandum of Understanding (MoU) worth N1.5 billion with Bayero University Kano (BUK), for post-graduate students of the Dangote Business School located in the tertiary institution. The MoU, which was signed at the main auditorium of the …
Read More »Alpha Morgan to Host 19th Economic Review Webinar
In an economy shaped by constant shifts, the edge often belongs to those with the right information. On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial …
Read More »GTBank Launches Quick Airtime Loan at 2.95%
Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their …
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