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MTN Group buys IHS Towers for $6.2bn

Chairman and CEO of IHS Towers, Sam Darwish, described the agreement as a compelling opportunity to crystallise value built over the company’s 25-year history.

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MTN Group has reached an agreement to acquire IHS Towers, one of the world’s largest independent owners and operators of shared telecom infrastructure, in an all-cash transaction that values the company at an enterprise value of approximately $6.2 billion.

The deal follows weeks of negotiations between both parties.

Under the terms of the merger agreement, IHS shareholders will receive $8.50 per ordinary share in cash, representing a 36% premium to its 52-week volume-weighted average price, and a modest 3% premium to its unaffected closing price of $8.23 on February 4, 2026.

Chairman and CEO of IHS Towers, Sam Darwish, described the agreement as a compelling opportunity to crystallise value built over the company’s 25-year history.

“Today’s announcement creates a compelling opportunity that provides certainty and immediate returns for our shareholders, enabling them to crystallize the significant value generated during our strategic review.

The proposed transaction deepens our long-standing partnership with MTN, as it combines Africa’s largest mobile network operator with one of its largest digital infrastructure platforms, and underscores the strong connection between IHS Towers and the African continent,” he said.

MTN’s Group President and CEO, Ralph Mupita, said the transaction would strengthen the company’s strategic and financial position as digital infrastructure becomes increasingly central to economic development on the continent

For IHS customers and partners across the continent, we commit to continuing high standards of service and the right governance of what is the largest standalone and integrated tower company in Africa, enabled by the excellent people within HIS,” he said.

IHS Towers’ Board of Directors has unanimously approved the transaction and recommended it to shareholders.

Meanwhile, J.P. Morgan is acting as financial advisor to IHS Towers, and Latham & Watkins LLP and Walkers (Cayman) LLP are acting as legal counsel to IHS Towers.

BofA Securities and Citigroup Global Markets Limited are acting as financial advisors to MTN; Cravath, Swaine & Moore LLP are acting as legal advisors. 

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FG Inaugurates Nigeria Anti-Doping Centres Board

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.….Moves to Strengthen Integrity in Sports..

The Federal Government has inaugurated the Technical Board of the Nigeria Anti-Doping Centre (NADC), reaffirming its commitment to promoting fairness, integrity and excellence in sports.

Speaking at the ceremony in Abuja, the Secretary to the Government of the Federation, George Akume, described the inauguration as a major milestone in Nigeria’s sporting development and a significant step towards ensuring compliance with global anti-doping standards.

Secretary to the Government of the Federation, Sen. George Akume, CON, delivering the inaugural speech during the inauguration ceremony of the Technical Board of the Nigeria Anti-Doping Centre (NADC) on Thursday, 2nd July 2026 in Abuja.

Akume said that the inauguration follows the enactment of the National Anti-Doping Act 2025, which established the NADC as a statutory body with the legal authority to implement Nigeria’s anti-doping obligations in line with international regulations.

He noted that the Centre represents the government’s response to past doping challenges that have affected Nigeria’s reputation in global sports competitions.

The SGF charged members of the newly inaugurated Technical Board to carry out their responsibilities with professionalism, independence and accountability, and emphasized that the Board’s mandate includes athlete education, prevention of doping violations, protection of clean athletes and enforcement of anti-doping regulations across all levels of sports development.

(L-R) The Executive Chairman of the Federal Character Commission (FCC), Hon. H. M. Omidiran; the Chairman, National Sports Commission (NSC), Shehu Dikko; Secretary to the Government of the Federation, Sen. George Akume, CON; Chairman, Senate Committee on Sports, Sen. Abdul Ningi and the Permanent Secretary, General Services Office, Dr. Ibrahim Abubakar Kana, mni, during the inauguration ceremony of the Technical Board of the Nigeria Anti-Doping Centre (NADC) on Thursday, 2nd July, 2026 in Abuja.

Meanwhile ,Chairman, Senate Committee on Sports Development, Abdul Ahmed Ningi, pledged continued legislative support for the anti-doping programme, and commended President Bola Ahmed Tinubu for prioritizing sports development through increased funding, describing sports as a strategic tool for national growth and international recognition.

Chairman of the National Sports Commission, Shehu Dikko, described the inauguration as another milestone in the ongoing transformation of the sports sector.

He urged the Board to promote integrity and accountability while expanding anti-doping awareness to schools, youth competitions, sports academies and federations nationwide.

(6th left) Secretary to the Government of the Federation, Sen. George Akume, CON, in a group photograph with the members of the Technical Board of the Nigeria Anti-Doping Centre (NADC) during the inaugural ceremony on Thursday, 2nd July, 2026 in Abuja.

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JUST IN: Supreme Court Introduces Digital System to End Manual Processes

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In a landmark move towards modernisation and efficiency, Nigeria’s Supreme Court has unveiled a new comprehensive digital system designed to eliminate manual processes across its operations.

The initiative, announced on Thursday, aims to transform the apex court’s judicial administration by digitising filing, case tracking, judgments, and record-keeping, which have long relied on paper-based systems.

According to a statement from the Supreme Court, the digital platform will enable electronic filing of cases, real-time case status updates, virtual access to court records, and automated workflows to reduce delays and human error.

“This digital transformation marks a new era in the administration of justice in Nigeria,” a senior court official said. “It will significantly cut down on the bottlenecks associated with manual documentation, enhance transparency, and improve access to justice for all citizens.”

The new system is expected to address longstanding challenges including lost files, prolonged adjournments caused by missing documents, and inefficiencies in the appellate process. It aligns with broader e-governance efforts across federal institutions and is projected to save time and resources while minimising physical contact in line with global best practices.

Implementation is set to begin in phases, starting with appellate filings and extending to full operations within the next few months. Training programmes for judges, lawyers, and court staff have already commenced to ensure a smooth transition.

Legal practitioners and stakeholders have welcomed the development, describing it as long overdue. “This will revolutionise how we interact with the judiciary,” said a senior advocate. “No more waiting for physical files or chasing paper trails.”

The Supreme Court assured that the platform will incorporate robust cybersecurity measures to protect sensitive judicial data.

This reform is seen as a significant step in strengthening the rule of law and modernising Nigeria’s justice delivery system.

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JUST IN: Adire Fabric to Replace Khaki as New NYSC Uniform – Minister

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In a major cultural and modernisation shift for Nigeria’s youth service programme, the traditional khaki uniform of the National Youth Service Corps (NYSC) is set to be replaced with outfits made from Adire fabric, a iconic indigenous tie-and-dye textile.

The announcement forms part of sweeping reforms approved by President Bola Ahmed Tinubu to reposition the NYSC for a changing economy and to promote national pride through local culture.

According to details of the reform package, the current standard white T-shirt and khaki trousers will give way to Adire-designed uniforms that retain the NYSC logo. The changes also include replacing heavy boots with Crocs and lighter training shoes, alongside a shift from the traditional Passing Out Parade (POP) to a new graduation ceremony.

The move is expected to boost local textile industries, particularly Adire production, which is deeply rooted in Yoruba cultural heritage and primarily produced in southwestern Nigeria. Adire, known for its vibrant patterns created through resist-dyeing techniques, has long been celebrated as a symbol of Nigerian creativity and identity.

The reforms stem from recommendations aimed at enhancing professionalism, improving camp conditions, and aligning the NYSC with contemporary realities more than 50 years after its establishment. Legal amendments to the NYSC Act are expected to follow to fully implement the changes.

This development has sparked mixed reactions online, with some hailing it as a welcome embrace of indigenous culture and others viewing it as a symbolic departure from the scheme’s original military-style discipline.

Further details on the timeline for rollout and design specifications are anticipated from the Federal Ministry of Youth Development in the coming weeks.

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