The United Bank for Africa (UBA Plc) has successfully exceeded the N500 billion minimum capital requirement set by the Central Bank of Nigeria (CBN) for banks with international licences, ahead of the March 31, 2026, deadline. According to UBA’s 2025 half-year audited results, the bank’s share capital and share premium stood at approximately N350 billion. …
The Indian government has capped Vodafone Idea’s adjusted gross revenue (AGR) dues at $13.79 million per year for the next six years. The move aims to ease cash flow pressure on the debt-saddled telecom operator. The decision offers near-term relief to India’s third-largest carrier, which has struggled with heavy debt and declining market share. Following …
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, has reported stronger-than-expected revenue for the fourth quarter, driven by surging demand for artificial intelligence-related chips. The company said revenue for the October–December period rose 20.45 per cent year-on-year to T$1.046 trillion (about $33.04 billion), up from T$868.46 billion recorded in the same period last …
The Nigerian Communications Commission (NCC) has announced that it will begin implementing a new consumer refund framework on March 1, 2026. It said this is aimed at resolving delays in refunds for failed airtime and data transactions. It made this known in a statement released on Thursday, January 8. According to NCC, the policy was …
Despite widespread electricity shortages across Nigeria, neighbouring West African countries supplied with power from the national grid are owing the country millions of dollars in unpaid electricity bills. According to the Nigerian Electricity Regulatory Commission (NERC), Togo, Niger and Benin currently owe Nigeria $17.8 million (about ₦25 billion at the prevailing exchange rate) for electricity …
African skies, once teeming with planes and the promise of seamless travel, are witnessing an unusual stillness. Airlines across the continent are grappling with a crippling shortage of aircraft spare parts a crisis reverberating from hangars in Nairobi to runways in Dakar, leaving passengers stranded and business operations disrupted. According to the International Air Transport …
The Nigerian Civil Aviation Authority (NCAA) has threatened to impose stiffer penalties on domestic airlines for what it described as “chronic delays” in flights. In a statement released on Thursday, January 8, the Director of Public Affairs & Consumer Protection at NCAA, Michael Achimugu, said the measure is to curb incessant flight delays and inefficiencies …
Paramount Skydance reiterated on Thursday that its $108.4 billion bid for Warner Bros Discovery (WBD) is superior to rival Netflix’s offer, arguing that the cable spinoff central to Netflix’s proposal holds little value. Paramount’s amended offer, rejected by Warner Bros’ board on Wednesday, included $40 billion in equity personally guaranteed by Oracle co-founder Larry Ellison …
Super Eagles striker Cyriel Dessers has expressed disappointment over his injury-forced exit from the 2025 Africa Cup of Nations (AFCON). Dessers returned to his Greek club, Panathinaikos, last week after sustaining a thigh injury during training with the Super Eagles. The 31-year-old striker did not make any appearance in Morocco before leaving the camp and …
Access Holdings, Oando and Conoil ranked among the worst-performing equities on the Nigerian Exchange Limited (NGX) during the 2025 trading year, as several stocks recorded steep declines in market value. Other equities that completed the bottom ten list include VFD Group, Sunu Assurances, Africa Prudential, Lasaco Assurance, Haldane McCall, Industrial and Medical Gases Nigeria, and …
