CIT Revenue Reaches N2.78 Trillion in Q2 2025
Federal government records N2.78 trillion company income tax in Q2 2025, a 40.27% quarterly increase. Financial services sector dominates while manufacturing faces challenges.
Category : Search result: Nigerian telecom sector
VAS Operators See 25% Growth, Revenue Hits N83bn
Nigeria's Value-Added Service market exploded in 2024, recording a 25% subscription surge and a massive 470% revenue increase. Discover the drivers behind this telecom boom.
Institute Demands Regulatory Body for Courier Sector
CLMI calls for independent regulatory commission to fix Nigeria's ailing courier and logistics industry valued at $60 billion. Join the movement for sector reform.
Reps Probe 17 Years of Power Sector Investments
Nigerian House of Representatives launches a full-scale investigation into all power sector investments and reforms from 2007 to 2024, vowing to correct 17 years of failure.
Akinlabi Tasks Lawyers on Purpose at Nigerian Legal Awards
Lead Pastor Godman Akinlabi challenges Nigerian lawyers to pursue purpose over practice at the Nigerian Legal Awards 2025 in Lagos, emphasizing fairness and equity in justice system.
Nigeria's MVNOs Struggle: GSMA Demands Action
Two years after licensing 43 MVNOs, only two are operational in Nigeria. The GSMA warns that regulatory enforcement and commercial protection are vital for success. Discover the challenges.
Zenith Bank to Acquire Paramount Bank in Kenya
Zenith Bank Plc is set to enter the Kenyan market by acquiring Paramount Bank, marking a strategic step in its pan-African expansion. The deal awaits regulatory approval from Nigerian and Kenyan authorities.
Two Arrested for Diesel Theft at Bauchi Telecom Mast
NSCDC arrests two men for stealing 600 litres of diesel from MTN mast in Bauchi. Suspects confessed to year-long theft operation. Read full details.
New Telecom Operator Offers Free Business Services
Vitel Wireless begins nationwide operations in Nigeria, providing free internal calls and SMS for businesses alongside innovative tracking tools SecureMe and Oga-App.
Alstom's Profits Surge on Global Rail Demand
French rail giant Alstom posts a net income of €220 million in H1 2025-2026, driven by strong global demand for trains and infrastructure. Revenue growth forecast upgraded.
Nigeria's Oil Production to Jump 1M Barrels with EMEM FPSO
Nigeria's oil industry receives major momentum as the EMEM FPSO initiative promises to revolutionize production capacity, adding one million barrels per day to national output and strengthening economic growth.
FiberOne Launches Major Network Upgrade in Nigeria
FiberOne Broadband announces groundbreaking Next-Generation Network upgrade, promising faster speeds and enhanced reliability for Nigerian businesses and homes.
Northern Industries Back 15% Power Tariff Hike
Major northern industrial associations endorse new electricity tariff, citing long-term economic benefits despite initial cost concerns for manufacturers and households.
Nigerian Businesses Ignoring Lekki Deep Sea Port - NPA
The Nigerian Ports Authority expresses deep concern as local importers and exporters fail to maximize Africa's deepest seaport, raising questions about economic priorities.
NMA Supports Doctors' Strike: 91 Hospitals Crippled
The Nigerian Medical Association escalates support for resident doctors as nationwide strike enters seventh day, crippling healthcare services in 91 hospitals amid unresolved demands.
Nigeria's N300B Publishing Industry Needs Urgent Reforms
Nigeria's once-thriving publishing sector, valued at N300 billion, faces collapse due to multiple challenges. Industry experts reveal how policy reforms could revive this crucial cultural and economic asset.
NMA Supports Striking Doctors: Healthcare Crisis Deepens
The Nigerian Medical Association solidly supports resident doctors as their industrial action enters day six, paralyzing healthcare services nationwide while urgent negotiations continue.
First Bank Holdings Posts N450.9B Profit
First Bank of Nigeria Holdings Plc announces staggering N450.9 billion profit as it strategically positions itself for Central Bank of Nigeria's banking sector recapitalisation requirements.
Local Content Key to Africa's Energy Future
Nigerian Content Development and Monitoring Board reveals how prioritizing local content is transforming Africa's energy sector and creating sustainable growth opportunities.
FG to Sell Nigeria's Dormant Refineries After Years of Losses
The Federal Government announces historic decision to sell Nigeria's dormant refineries, marking a major shift in the nation's energy sector after decades of operational failures and financial losses.
Dangote Refinery Slashes Diesel Price to ₦1,000/Litre
Aliko Dangote's mega refinery triggers nationwide economic shift with dramatic diesel price reduction, offering relief to Nigerian businesses and consumers amid inflation pressures.
1.97M New SIMs Deployed as Nigeria's Data Usage Dips
Latest NCC data reveals surprising telecom trends: SIM card registrations surge while data usage experiences unexpected decline, signaling shifting consumer behavior in Nigeria's digital landscape.
Glo Nigeria Launches Cash Prize Lottery for Subscribers
Glo launches thrilling cash prize lottery exclusively for Nigerian subscribers. Discover how to participate and win amazing rewards while staying connected.
Foundation Urges Govt to Support Free Health Initiatives
The Chidi Lota Foundation urges Nigerian government to strengthen free healthcare initiatives, highlighting critical gaps in maternal and child health services across the nation.
FG Plans Refinery Sale to Boost Competition
The Federal Government is considering selling the country's struggling refineries to private investors as part of a comprehensive strategy to revitalize Nigeria's oil and gas sector, increase competition, and achieve energy self-sufficiency.
Standard Chartered Meets CBN ₦200bn Recapitalisation
Standard Chartered Bank Nigeria has successfully met the Central Bank of Nigeria's ₦200 billion recapitalisation requirement, positioning itself as a leader in the new banking landscape.
Dangote Refinery Cuts Petrol Price to ₦880.5/Litre
Dangote Refinery and its depots have significantly reduced petrol prices to ₦880.5 per litre, creating intense market competition and potential relief for Nigerian consumers.
Dangote Refinery Cuts Petrol Prices, Shakes Market
In a dramatic market move, Dangote Petroleum Refinery has significantly reduced petrol prices, triggering a competitive battle that's transforming Nigeria's downstream oil sector and bringing relief to consumers.
Transcorp Records 39% Revenue Growth in Nine Months
Transnational Corporation of Nigeria (Transcorp) has announced impressive financial results, recording a massive 39% revenue growth to N123 billion in the first nine months of 2023, signaling strong recovery and strategic success.
DSS Dismisses 115 Personnel in Internal Shakeup
Nigeria's Department of State Services terminates 115 staff members in sweeping reforms aimed at enhancing operational efficiency and discipline within the security agency.
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