Airtel Nigeria Secures 3 New Licences to Boost Data Services
Theresa Anyanwu June 30, 2025
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Airtel Nigeria Secures 3 New Licences to Boost Data Services

Airtel Nigeria has secured three major telecommunications licences from the Nigerian Communications Commission (NCC), signaling its readiness to expand infrastructure and compete more aggressively in Nigeria’s fast-growing data market. The licences—awarded to Airtel Nigeria Telesonic Limited, a subsidiary of Airtel Africa—include the National Long Distance, Internet Service Provider, and Sales & Installation Major licences. According […]

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Ibom Air’s Marketing manager Aniekan Essienette Elected Chairperson of Inaugural NIMN Uyo Chapter
Blessing Zubairu June 26, 2025
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Ibom Air’s Marketing manager Aniekan Essienette Elected Chairperson of Inaugural NIMN Uyo Chapter

Aniekan Essienette, Group Marketing Manager at Ibom Air, has been elected Chairperson of the newly inaugurated Uyo Chapter of the National Institute of Marketing of Nigeria (NIMN). Her election was one of the highlights of the Institute’s 2025 Annual Marketing Conference and General Meeting, which took place in Uyo, the Akwa Ibom State capital. She will serve a two-year term In her remarks after the inauguration, Essienette expressed deep appreciation to the President and Council of NIMN for their continued support in establishing the Uyo Chapter. “I’m truly honoured and grateful to the President and members of the Council for […]

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Zenith, FirstBank, Access Top List of Banks with $3.52bn Forbearance Loan Exposure – Report
Theresa Anyanwu June 20, 2025
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Zenith, FirstBank, Access Top List of Banks with $3.52bn Forbearance Loan Exposure – Report

A recent report by Renaissance Capital Africa has revealed that six Nigerian banks collectively hold approximately $3.52 billion in loans under regulatory forbearance. This development follows the Central Bank of Nigeria’s directive urging affected lenders to suspend dividend payments and strengthen their capital bases. Related News: According to the report, titled “Nigerian Banks: Cash is […]

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First HoldCo, FCMB Reaffirm Commitment to Dividend Payments Despite CBN Forbearance Regime
Theresa Anyanwu June 20, 2025
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First HoldCo, FCMB Reaffirm Commitment to Dividend Payments Despite CBN Forbearance Regime

First HoldCo and FCMB Group have both reiterated their commitment to sustaining dividend payments in 2025, even as they continue to navigate regulatory forbearance measures issued by the Central Bank of Nigeria (CBN). First HoldCo Plans Capital Raise to Exit Forbearance First HoldCo stated it remains focused on exiting the CBN’s regulatory forbearance regime before […]

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Hilton and Marriott Unveil New Expansion Plans Across Africa
Theresa Anyanwu June 19, 2025
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Hilton and Marriott Unveil New Expansion Plans Across Africa

Two leading U.S. hotel chains, Hilton and Marriott, have unveiled ambitious plans to expand their presence across Africa, aiming to take advantage of the continent’s fast-growing tourism sector. With a steady increase in both business and leisure travel, Africa continues to attract major international brands. Hilton announced its intention to more than triple its African […]

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Meta Offered $100 Million Bonuses to Lure OpenAI Talent, Says CEO Altman.
Theresa Anyanwu June 18, 2025
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Meta Offered $100 Million Bonuses to Lure OpenAI Talent, Says CEO Altman.

Meta reportedly tried to lure top talent from OpenAI with massive financial incentives, including bonuses and salaries that exceeded $100 million, but the effort proved unsuccessful, according to OpenAI CEO Sam Altman. Speaking on the Uncapped with Jack Altman podcast, Altman revealed that Meta — the parent company of Facebook — made offers to numerous OpenAI employees […]

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LemFi Acquires UK-Based Card Issuer Pillar to Expand Remittance and Credit Services
Theresa Anyanwu June 17, 2025
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LemFi Acquires UK-Based Card Issuer Pillar to Expand Remittance and Credit Services

LemFi, a Nigeria-founded fintech company specializing in remittance services for African migrants, has acquired Pillar, a UK-licensed credit card issuer. This acquisition allows LemFi to extend its offerings beyond cross-border transfers, introducing products like debit cards, multi-currency wallets, and in-app credit for users with limited or no UK credit history. The deal reflects a growing […]

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