MTN Group said it has concluded the sale of its Guinea operations to the State of Guinea, marking its final exit from the market.According to a statement from the Group, the sale was concluded on December 30, 2024.MTN said the transaction aligns with its focus on portfolio optimization and simplification, as part of the Ambition 2025 strategy.Commenting on the sale of the business, MTN Group President and CEO, Ralph Mupita, stated:“This milestone marks a new phase for MTN Guinea-Conakry under local ownership, and MTN thanks the staff, customers, regulators and broader stakeholders in Guinea for the support during the time…
Author: Oladi Samuel
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Organised Labour has announced plans to push for an annual adjustment to the ₦70,000 minimum wage to reflect inflationary trends in Nigeria.Labour leaders argue that the traditional practice of revising wages every three to five years is outdated and fails to address the financial realities faced by Nigerian workers amid rising costs of living.Festus Osifo, President of the Trade Union Congress (TUC), revealed this during an interview on Channels Television’s Politics Today on January 1, 2025. “What we are pushing on for Labour is that instead of you (the government) waiting for five years to increase the minimum wage, you…
The UK is introducing new laws aimed at dismantling organized immigration crime networks.The government is targeting people smugglers with a range of measures, including travel bans, social media blackouts, and restrictions on phone use.These changes are part of a broader strategy to address serious crime, including smuggling and other forms of organized crime.According to the UK Home Office, these laws are designed to help law enforcement agencies, such as the National Crime Agency (NCA) and the police, disrupt criminal activities quickly and effectively. The measures form part of the Border Security, Asylum, and Immigration Bill, which will bolster border security…
Paraguay is emerging as a top destination for skilled workers looking for career opportunities in South America.As of 2025, Paraguay has revamped its work visa program, making it easier for foreign professionals to relocate and build a career.With a growing economy, affordable living, and a simplified work visa process, the country is becoming an attractive place to live and work.This simplified visa process aims to bring in skilled professionals to fill labour gaps in key industries such as IT, healthcare, and engineering. According to DAAD Scholarship, the new system reduces bureaucracy and provides a faster path to obtaining a work…
The National Coordinator of the Coalition for Affordable and Regular Electricity (CARE), Mr Chinedu Bosah, has described last year’s performance of Electricity Distribution Companies in Nigeria as “abysmal.”Bosah in an interview with the News Agency of Nigeria (NAN) on Wednesday, knocked the DisCos for prioritising profit at the expense of infrastructural upgrades, noting that the power sector witnessed widespread consumer complaints about the erratic power supply and sky-high electricity billing.He also criticised DisCos for failing to distribute free metres to as many Nigerians as possible, stressing that the popularity of estimated billing in the absence of prepaid metres is a…
The Nigerian transportation sector in 2024 was marked by a mix of progress and setbacks, with key events shaping the landscape across roads, rail, and aviation.From ambitious infrastructure projects and policy shifts to disruptions and controversies, the sector has been a focal point of national attention.While some initiatives aimed at enhancing connectivity and operational efficiency made notable strides, challenges remained, testing the resilience of the country’s transport systems.As the year comes to a close, these developments highlight the complexities of transforming Nigeria’s transportation infrastructure in a rapidly evolving economic and political climate.Q1 2024 FEC approves construction of Lagos-Calabar Coastal Highway to…
The Nigerian box office recorded an unprecedented performance in December 2024, with revenues exceeding N2.8 billion and more than 537,000 tickets sold.These figures represent the highest single-month gross since December 2019 and set a new benchmark for the industry, highlighting the growing appeal of Nollywood productions and the resilience of cinema in Nigeria.Leading the charge was Everybody Loves Jenifa, which continued to dominate the charts, grossing N1.035 billion by its third weekend. The film added N250 million in the final weekend of December alone, cementing its status as one of Nollywood’s highest-grossing titles.Other notable performers contributed significantly to the month’s…
The Nigerian stock market, tracked by the All-Share Index (ASI), demonstrated a strong performance in 2024, achieving a growth of 37.65% and continuing a five-year bullish streak.Starting the year at 74,773.98 points, the ASI experienced a surge in January and maintained much of its momentum until the second quarter when a recapitalization mandate introduced headwinds.In April, investment sentiment within the financial services sector weakened following CBN’s directive requiring banks to meet specific capital thresholds by March 2026.This policy likely introduced uncertainty, contributing to a decline in banking and other sub-indices, which in turn dragged the overall market’s weighted price.Between April…
International students and skilled workers applying for visas to the United Kingdom will face higher financial requirements beginning January 2, 2025.These changes, announced by the UK government, require applicants to show more money in their bank accounts to cover living expenses during their stay.These updated regulations affect those hoping to study or work in the UK, with new financial thresholds set for students and skilled workers.These changes are aimed at ensuring that applicants have the necessary financial resources to support themselves during their time in the UK.Increased financial requirements for students International students seeking a UK study visa will now need…
Ireland is adjusting its work visa policies in response to changing workforce demands, with new programs set to launch in 2025.The Irish government has introduced several measures, including expanding the Critical Skills Occupations List (CSOL) and implementing quota-based work permits, aimed at addressing skill shortages in sectors such as technology, healthcare, and renewable energy.These changes are intended to attract skilled professionals to Ireland, offering them a fast-track route to employment and residency.New opportunities in Ireland’s work visa system In 2025, Ireland is making it easier for international workers to access its labour market through various visa options. The Critical Skills Employment…