Nigeria Distillers Plc Flags Rising Production Costs, Unveils 2026 Growth Strategy
Nigeria Distillers Plc has raised concerns over mounting pressures in the country’s manufacturing sector, citing escalating input costs, foreign exchange volatility, and infrastructure challenges as major constraints affecting production. The company disclosed this following its recent commercial conference, where executives and stakeholders assessed performance and mapped out strategies to navigate Nigeria’s evolving economic landscape. Cost […]
TECNO Rolls Out Valentine’s Campaign to Boost Camon 40 Series Sales
TECNO Mobile has unveiled a Valentine’s season campaign promoting its latest Camon 40 Series, positioning the smartphones as meaningful and practical gifts for loved ones. The campaign, which ran through mid-February, combines emotional storytelling with a structured cashback offer aimed at delivering immediate value to buyers. Smartphones as Lasting Gifts According to TECNO, the Camon […]
Temu Faces Possible 2% Revenue Fine as Nigeria Launches Probe Over Data Breach
Regulatory scrutiny is intensifying for Temu after the Nigeria Data Protection Commission (NDPC) opened a formal investigation into alleged data privacy violations affecting an estimated 12.7 million Nigerian users. The ongoing probe could expose the fast-growing e-commerce platform to penalties of up to two per cent of its annual global revenue under Nigeria’s data protection […]
Nigeria, South Africa Lead Global Stablecoin Boom as Adoption Nears 80%
Nigeria and South Africa have emerged as Africa’s frontrunners in stablecoin adoption, with nearly 80 per cent of cryptocurrency users in both countries already holding dollar-pegged digital assets, a new global report has revealed. The findings are contained in the latest Stablecoin Utility Report conducted by YouGov in partnership with BVNK, Coinbase, and Artemis. The […]
Nigeria to Review Strategic Implications of MTN–IHS Towers Deal
The Federal Government has confirmed it is reviewing the proposed acquisition of IHS Towers by MTN Group, citing the strategic importance of telecommunications infrastructure to Nigeria’s economy and long-term development. In a statement issued on Tuesday, the Federal Ministry of Communications, Innovation and Digital Economy said the assessment will be carried out in collaboration with […]
Telecom FDI inflows rebound to $208.51m in Q3 2025
Foreign direct investment (FDI) into Nigeria’s telecommunications sector staged a strong recovery in the third quarter of 2025, rising to $208.51 million, according to the latest capital importation figures released by the National Bureau of Statistics. The Q3 2025 inflow represents a dramatic rebound from the $14.74 million recorded in the same period of […]
Nigeria Strengthens Data Protection Framework as Tech Innovation Accelerates
Abuja — Nigeria is experiencing its data protection and privacy framework as the country positions itself as a growing force in the global digital economy, the National Commissioner of the Nigeria Data Protection Commission (NDPC), Dr Vincent Olatunji, has said. Speaking at the National Data Privacy Summit 2026 in Abuja, held to mark the anniversary […]
Binance Junior Launches as Parent-Controlled Crypto App for Kids and Teens Aged 6–17
Binance has unveiled Binance Junior, a parent-supervised crypto sub-account for children aged 6–17
Nigeria’s Data Centre Capacity to Hit 218MW by 2030 — Report
Nigeria’s Data Centre Capacity to Hit 218MW by 2030 Nigeria’s data centre market is on track for massive expansion, with total installed capacity projected to rise from 56.1 megawatts (MW) in 2025 to more than 218MW by 2030, a nearly fourfold increase in just five years. According to a new report by Estate Intel, this […]
WhatsApp Introduces Passkey Support for Encrypted Backups
WhatsApp now allows users to restore encrypted chat backups using passkeys — including fingerprint, Face ID, or screen lock — replacing traditional passwords and encryption keys for easier, more secure access.
