MTN Nigeria reported a loss of N400.44 billion after tax for the year ending December 31, 2024, primarily due to the devaluation of the naira, which increased foreign exchange losses and negatively impacted the company's earnings.  This loss, revealed in the company's audited financial statements on Thursday, marks a 192% increase from the N137.02 billion loss recorded in 2023. The...

The plot that led to the assassination of Nigeria’s former Head of State, Major General Murtala Muhammed, on February 13, 1976, can be traced back to the day he assumed office in 1975. According to former Military President General Ibrahim Badamasi Babangida (IBB), Muhammed’s refusal to accept a power-sharing arrangement sparked discontent among younger officers, ultimately leading...

Apple’s new iPhone 16e will be significantly more affordable in Nigeria, priced at N898,500, which is N300,000 less than the standard iPhone 16, which retails for around N1.19 million. This new budget model, aimed at attracting middle-tier customers, will be available for pre-order from February 21, with actual availability set for February 28. The iPhone 16e is part of Apple’s...

Mudashiru Obasa has been re-elected as the Speaker of the Lagos State House of Assembly. His return follows the resignation of Mojisola Meranda, who stepped down from the position with immediate effect. Obasa was reinstated during the plenary session on Monday. Earlier in January, Obasa had been impeached by members of the Assembly due to several fraud-related accusations. Further details will...

After pioneering internet-based calling 23 years ago, Skype is officially shutting down. Microsoft, which acquired the platform 14 years ago, announced that Skype will be retired on May 5, 2025, as the company prioritizes Microsoft Teams. Skype users have 10 weeks to decide their next steps. While it's unclear how many people will be affected, Microsoft last reported in 2023 that Skype had over...