Top stories

Canal+ is planning job cuts at MultiChoice as part of a turnaround strategy, signalling a shift towards cost efficiency as the pay-TV giant battles subscriber losses and rising competition.

Terra Industries’ ground vehicles will soon carry machine guns. The move is part of a classified project with the Nigerian military as the startup pushes deeper into defence technology.

Nigeria’s iDICE programme has launched Startup Bridge to support early-stage founders, following its investment in Ventures Platform’s $64 million fund.

Google has added Yorùbá and Hausa language support to its AI-powered Search features in Nigeria, allowing users to access AI Overviews and AI Mode in their native languages.

MultiChoice plans to shut down Showmax after years of heavy losses, ending one of Africa’s biggest attempts to build a local streaming service.

Rank has appointed former Anchoria MD, Lucky Djebah, as Executive Director, Investment, to lead the expansion of Rank Capital into wealth management and investment banking.

CcHUB has opened applications for the fourth cohort of its edtech fellowship, offering 12 Nigerian startups $100,000 in equity-free funding and a year-long incubation programme.

A 74.5% jump in data revenue pushed MTN Nigeria’s 2025 revenue to ₦5.2 trillion. The telco returned to ₦1.1 trillion profit, resumed dividends, and reinforced its financial position amid improved macro conditions.

NoOnes has confirmed that Ray Youssef is no longer its CEO, marking another twist in the former Paxful chief’s turbulent crypto journey. The leadership shake-up comes years after Paxful’s controversial shutdown amid regulatory and governance concerns.

Nigeria’s DICON has signed a joint venture with Terra Industries to boost local defence production, marking a major step in Nigeria’s push for sovereign military capability.

Gigalayer has acquired Nigerian domain registrar Registeram in an all-cash deal, deepening its infrastructure play.

Nigeria’s communications ministry will assess MTN’s $6.2 billion plan to fully acquire IHS Towers, citing concerns over competition, infrastructure control and the broader impact on the telecom sector.

MTN Group proposes a $6.2 billion buy-out of IHS Towers, which will give the telecom company 100% of IHS”s shares.

Anthropic has signed a three-year deal with Rwanda to deploy AI against malaria and cervical cancer. The partnership could signal a new wave of AI collaborations between African governments and global tech firms.

Nigeria’s NDPC has launched an investigation into eCommerce giant Temu over alleged data privacy violations.

Redtech, backed by Heirs Holdings, is expanding into 29 African countries and scaling RedPay after processing ₦30 trillion in 2025, with acquisitions also on the table for growth.

Google Search data shows a shift from dinner dates to Galentine’s parties, glow-up experiences, and creative gifts, as Nigerians turn to tech to plan more intentional celebrations of love for Valentine.

Jumia has exited Algeria as part of a wider push to improve profitability, narrowing its geographic footprint while investing in direct sourcing to compete with fast-growing Chinese eCommerce rivals.

Jumia grew revenue by 34% to $61.4 million in Q4 2025, driven by stronger marketplace sales and rising demand in Nigeria. The eCommerce company also narrowed losses and cut cash burn as it pushes toward profitability.