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Jumia Targets Break-even in 2026 After Strong Q4 Surge

Pan-African e-commerce giant Jumia says it has moved decisively beyond survival mode after posting robust fourth-quarter 2025 earnings, with CEO Francis Dufay declaring the company is now entering a phase of high growth after years of restructuring. The firm, founded in Lagos, Nigeria, in 2012, reported a sharp acceleration in core marketplace activity, reinforcing what […]

Business news

NAICOM Targets Resilient, Global Competition Market in Insurance Sector Consolidation

The National Insurance Commission (NAICOM) has unveiled a far-reaching reform agenda aimed at strengthening industry stability, improving consumer confidence, and positioning the sector to play more strategic role in national economic growth. Speaking at the 2026 management retreat in Uyo, Olusegun Ayo Omosehin, commissioner for Insurance/CEO, NAICOM, described the initiative as a defining moment for […]

News

GBB Expands Broadband to 13 Underserved Communities in 2025

Galaxy Backbone Limited (GBB) has recorded a significant milestone in Nigeria’s digital transformation journey by advancing broadband connectivity to 13 underserved institutions and communities nationwide in 2025, reinforcing its position as the nation’s digital backbone and a trusted partner in national development. Guided by its mandate to enable a digitally inclusive Nigeria, GBB deliberately extended […]

Telecom

Globacom Promotes Valentine Gifting with Huge Discounts on Smartphones

Globacom has announced a Valentine Smartphone promotion, which provides incredible savings on a variety of high-end smartphones from top manufacturers including Tecno, Samsung, and Infinix. Starting on February 9, the promotion provides substantial price reductions on a number of Samsung models, including the Galaxy Z Fold 7, Galaxy A07, Galaxy A56 5G, Galaxy A36 5G, […]

Business news

Rashidat Adebisi Unveils Strategic Roadmap for Nigeria’s Insurance Sector under NIIRA 2025

Following a landmark 21-year career in institutional finance, Rashidat Adebisi, the former Executive Director at AXA Mansard, has officially launched “The Re-Architecture Project.” This strategic pivot aims to align Nigeria’s insurance and financial infrastructure with the federal government’s ambitious $1 trillion economy goal, positioning the sector as a critical driver of macro-economic stability. As Nigeria […]

Business news

NDIC Moves to Boost Customers’ Confidence in Nigerian Banks

The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to safeguarding the nation’s financial system, announcing that its recent upward review of the maximum deposit insurance coverage now protects about 99% of depositors in the Country. Kabir Katata, Executive Director (Operations), NDIC, stated this on Wednesday at the Corporation’s 2025 Stakeholders’ Town Hall Meeting […]

Business news

Adedeji, NRS Boss says Technology is Crucial to Tax Reform’s Success

Zacch Adedeji, the Executive Chairman of the Nigerian Revenue Service (NRS), has described technology as a crucial factor in the implementation of the new tax laws. Adedeji stated this on Wednesday while delivering the maiden convocation lecture of the Federal Polytechnic, Ayede, Oyo state. In a statement by his Technical Assistant on Print Media, Sikiru […]

General News

Kaspersky Reports 15% Growth in Malicious email Attacks in 2025

According to Kaspersky telemetry, almost every second email – 44.99% of global traffic – was spam in 2025. Spam consists not only of unsolicited emails, but can also include various email threats such as scam, phishing and malware. In 2025, individuals and corporate users encountered over 144 million malicious and potentially unwanted email attachments, representing […]

Broadcasting

Zambia Urges MultiChoice to Cut Prices

MultiChoice is under increasing pressure from governments in Africa to lower the subscription prices for its satellite television services. The turn of events reflects the prevailing economic crunch in Sub-Saharan African countries in which the broadcaster operates, with citizens asking governments to intervene. According to Thabo Kawana, Permanent Secretary in Zambia’s Ministry of Information and […]

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