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MTN tackles Netflix, Showmax, others in streaming battle

In a bold move to reshape Africa’s digital entertainment space, telecoms giant MTN Group has teamed up with UK-based video software powerhouse Synamedia to launch a next-gen streaming platform for mobile and broadband users across the continent. The partnership, aimed at delivering high-quality, relevant, and accessible content, marks MTN’s entry into direct competition with major...
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FX instability threatens SMEs’ survival

The persistent volatility of Nigeria’s foreign exchange market is inflicting severe hardships on small and medium-sized enterprises that rely heavily on imported raw materials. The rapid depreciation of the naira has escalated import costs, eroded profit margins, and disrupted business operations across the sector. In recent months, the naira has experienced substantial fluctuations due to...
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Sanwo-Olu to unveil Rack Centre’s 12MW data hub

Lagos State Governor, Babajide Sanwo-Olu, will open Rack Centre’s 12 megawatt LGS2 data centre on April 10, boosting capacity in a city hosting many of Nigeria’s 16 data centres. The facility, pitched as one of Nigeria’s largest, doubles national capacity and positions Lagos as West Africa’s digital hub, but it is largely behind South Africa,...
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Nigerians should cultivate insurance culture – Sovereign Trust CEO

Managing Director/Chief Executive Officer of Sovereign Trust Insurance Plc, Olaotan Soyinka, has lamented the unwillingness of Nigerians to embrace insurance, citing it as a costly development. Soyinka said this at a press conference to review the company’s first-quarter operations and processes in Lagos. Speaking at the press conference, Soyinka said, “Insurance is an integral part...
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AAI retirees lament unpaid annuity

Some annuitants of African Alliance Insurance have lamented the non-payment of their annuity by the insurance firm, revealing its impact on their overall well-being. The retirees who spoke to The PUNCH revealed that they have been owed their monthly annuity since last year. The National Insurance Commission sacked the board and management of AAI last...
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Why Trump tariff is bad for Nigerian exports – FG

The Federal Government has acknowledged that several of Nigeria’s oil and non-oil exports are set to face adverse effects due to the newly imposed tariffs by US President Donald Trump on Nigerian exports. This tariff, which is expected to disrupt trade relations, could potentially weaken the competitiveness of Nigerian products in the U.S. market. The...
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Six firms, varsity dump national grid over blackout

Baffled by constant power outages occasioned by the incessant grid collapses, six firms and one private university have got the approval of the Nigerian Electricity Regulatory Commission to generate and distribute electricity. The firms, including Nile University of Nigeria in Abuja, will be allowed to generate up to 30 megawatts of electricity under various arrangements....
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Insurers, CIOs urged to lead ethical AI adoption

As artificial intelligence continues to reshape industries globally, Nigerian insurers and chief information officers have been tasked with taking the lead in adopting the technology responsibly to drive innovation while safeguarding against its risks. Speaking at the 13th Annual Nigerian Insurers Association Chief Information Officers Conference held in Lagos on Saturday, a cybersecurity expert/chief executive...
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Ecobank’s ‘Oja Oge’ to feature over 100 exhibitions

Ecobank Nigeria has said that over 100 exhibitors have registered for the second edition of its pop-up marketplace, ‘Oja Oge’ by Ecobank. This was revealed on Sunday in a statement issued by the bank. The three-day fashion, beauty, wellness, and lifestyle exhibition will take place at the state-of-the-art Ecobank Pan African Centre on Victoria Island,...
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I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...