AIRTEL AFRICA REPORTS A 99% DECLINE IN PROFITS DUE TO CURRENCY DEVALUATION IN NIGERIA AND MALAWI

Airtel Africa, a telecommunications company operating in 14 African countries, faced a significant challenge last year with a 99% decline in profits due to currency devaluation in key markets such as Nigeria, Malawi, Zambia, and Kenya. Currency devaluations in Nigeria’s Naira and Malawian Kwacha squeezed Airtel Africa’s margins, resulting in profits of $2 million for […]

2 mins read

SHOWMAX IS REVAMPING ITS STRATEGY WITH A MOBILE-FIRST APPROACH AND A PREMIER LEAGUE PLAN PRICED AT ₦2,900

Showmax, the streaming video-on-demand service under MultiChoice, is gearing up for the February relaunch of its platform with a focus on affordable pricing and mobile accessibility. During a press event in Lagos, the company unveiled its new app, brand identity, and subscription tiers. Showmax’s three subscription options include Entertainment, Premier League, and a bundle of […]

1 min read

CANAL+ EYES MULTICHOICE FOR $1.6B (Victoria Fakiya)

French media company Canal+ is contemplating a R31.7 billion ($1.6 billion) acquisition of MultiChoice, a South African media company. Canal+ is offering R105 ($5.6) per share, a 40% premium over MultiChoice’s recent closing share price. Notably, Canal+ already owns 31.7% of MultiChoice, despite regulatory challenges to foreign ownership in South Africa. Comcast, the parent company […]

1 min read

IMMINENT INAUGURATION OF TRAIN SERVICES ON KANO-LAGOS EXPRESS ROUTE, CONFIRMS NIGERIAN RAILWAY CORPORATION (NRC)

The Nigerian Railway Corporation (NRC) has declared the imminent launch of rapid services on the narrow-gauge connecting Kano and Lagos. The announcement about the revival of train operations on the Kano-Lagos narrow gauge surfaced in a recent social media update by the NRC on its official X handle last Saturday. A post on X from […]

1 min read

IMPACT OF REVISED IMMIGRATION STRATEGIES ON ‘JAPA’ TRENDS – OLAMIDE AWOYEMI

Exploring opportunities, especially for potential emigrants or Nigerian students, requires a meticulous evaluation of the advantages and disadvantages in light of prevailing economic conditions and immigration policies. It is imperative to align these considerations with individual goals. Awoyemi Olamide, the CEO of Trail Business Travel Education and Consulting, emphasizes the significance of this assessment. His […]

2 mins read

REDUCTION OF SUBSIDY: CONCLUSION OF 25% RELIEF PRICE FOR LAGOS STATE COMMUTE CHARGES ON SUNDAY – LAMATA

The Lagos state government, via the Lagos metropolitan area transport authority (LAMATA), declared the conclusion of the 25% rebate on commuting charges throughout the entire Lagos state public transport system. this change takes effect starting Sunday, January 28, 2024. LAMATA, on Friday, January 26, 2024, issued a public announcement disclosing the termination of the 25% […]

1 min read

IN CROSS RIVER STATE; ZIPLINE AMELIORATE PRIMARY HEALTHCARE ACCESS

Zipline’s innovative drone technology is ushering in a transformative era in healthcare logistics in Cross River State. The government’s partnership with Zipline is being hailed by health facilities in communities around the Ogoja local government as vital for reshaping the landscape of medical supplies in remote areas. Professionals in healthcare at Zipline-serviced facilities, in an […]

2 mins read