Peter Oluka

Dangote Petroleum Refinery and Petrochemicals (DPRP) has signed registration documents for what the company describes as Africa’s largest initial public offering, valued at about ₦2.2 trillion ($1.6 billion), as it moves to broaden public ownership of its landmark refinery.

Nigeria Data Centre 1 (NDC1) is part of the DPA portfolio and is developed for a market where businesses, Financial Institutions, Banking sector, Cloud providers, and Connectivity providers require infrastructure that is ultra-reliable, resilient, flexible and geographically close to the markets they service.

Digital government service adoption remains particularly strong at 50%, well above the global average of 38% and among the highest levels recorded in the survey.

Nigeria’s push to bring faster and more reliable internet connections closer to homes, offices, technology hubs and businesses is beginning to show measurable results, with Fibre-to-the-Home (FTTH) subscriptions jumping by almost half in the second quarter of 2026.

Spectranet, Starlink Internet Services Nigeria and FiberOne Broadband accounting for about 63% of the country’s 420,989 active ISP subscribers in the second quarter of 2026.

Nigerian Communications Commission, NCC, is strengthening the monitoring and enforcement of its Type Approval requirements through a technology enabled framework.

Nigeria’s active mobile subscriber base is closing in on the 200 million-line mark, as operators recover lost connections and increasingly compete for customers whose demand is shifting from traditional voice services to data.

Remita, a leading financial technology company, has been approved by the Nigerian Exchange (NGX) as one of the electronic application channels for the historic Dangote Initial Public Offering (IPO), enabling eligible investors to subscribe to the offer digitally through its platform.

PalmPay’s latest campaign, "PalmPay Dey for You," puts advanced account controls and real-time protection directly into the hands of its customers, says Paul Olusegun Oludele, the CISO tells Techeconomy.

Quest Merchant Bank Limited has strengthened its track record in Nigeria's capital markets following its role as Joint Lead Issuing House on Bank of Industry Financing SPV PLC's ₦250 billion Series 1 Fixed Rate Bond Issuance.