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Business news

esentry 2025 Report Shows Financial Services, Others as Staging Grounds for Increased Cyberattacks in Africa

Cyber adversaries targeting African organisations are increasingly shifting away from opportunistic attacks toward deliberate, sector-specific campaigns aimed at the continent’s most critical digital infrastructures, according to the esentry 2025 Annual Report released by esentry, Lagos-based Africa’s leading indigenous Managed Security Service Provider (MSSP). The report identifies healthcare, financial services, and telecommunications as the primary staging […]

Business news

AfDB, UNDP Launch $10bn AI initiative for Africa

The African Development Bank Group (AfDB) and the United Nations Development Programme (UNDP) have launched an ambitious $10 billion project to support the adoption of Artificial Intelligence (AI) across the continent. The 10 Billion Initiative intends to accelerate ethical AI adoption and inclusive digital economic growth in Africa. The initiative follows the Nairobi AI Forum, […]

Telecom

WhatsApp Faces Regulatory Obstacles in Africa

Mark Zuckerberg’s tech empire is once again under regulatory pressure in Africa after competition authorities across 21 markets launched a formal probe into changes affecting WhatsApp’s AI ecosystem. The Common Market for Eastern and Southern Africa (COMESA) Competition and Consumer Commission has opened an investigation into Meta Platforms over amendments made in October 2025 to […]

Telecom

NCC Mulls Sanction on Road Contractors Destroying Metro Fibre of Telcos

Nigerian Communications Commission (NCC) is considering imposing sanction on any road contractor that destroys telecommunications metro fibre across the country. Idris Olorunnimbe, chairman, Board of Commissioners, NCC, stated this at congratulatory visit to the Chairman by members of Association of Licensed Telecommunications Operators of Nigeria (ALTON) in Lagos yesterday. According to him, “I think what […]

Telecom

IHS Towers Board Approves MTN’s Takeover Deal

The board of IHS Towers has accepted an offer of $8.50 a share in a transaction that would see MTN Group increasing its shareholding to 100%, the mobile operator announced today. The potential transaction is subject to various approvals and the delisting of IHS from the New York Stock Exchange (NYSE). Earlier this month, the […]

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 […]

News

Cybersafe Foundation Partners Google to Strengthen Cybersecurity Among CCIs in Africa

The Cybersafe Foundation has collaborated with Google in strengthening cybersecurity resilience among Critical Community Institutions across Nigeria, Kenya, Ghana and South Africa with the launch of Resilio Africa. Speaking at the event in Lagos, Confidence Staveley, Executive Director of the Cybersafe Foundation, noted that while many organizations recognize the risks posed by cyber threats, conversations […]

Business news

Lagos to Establish West Africa’s Premier International Financial Centre

TheCityUK, in partnership with the UK Government, Lagos State Government, Lagos International Financial Centre Council (LIFCC), and EnterpriseNGR, have unveiled a landmark report, “Establishing an International Financial Centre in Lagos (LIFC), Nigeria”, outlining a strategic roadmap to transform Lagos into the West African hub for international investment capital driving innovation, and sustainable growth across the […]

Fintech

CBN Expresses Concern Over Foreign Investments in Nigeria Fintechs

The Central Bank of Nigeria in its 2025 Fintech Policy Insight Report, has raised concern over Nigeria’s fintech sector heavily dependent on foreign investment, exposing it to swings in global markets. The report said the sector has shown resilience despite global economic pressures, but warned that reliance on external capital leaves it vulnerable to market […]

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