Business
MTN Nigeria moving headquarters to Eko Atlantic
As part of this commitment, we have acquired a piece of land in Eko Atlantic City, and we will commence construction once we have gotten the equipment,” said Toriola
MTN Nigeria is relocating its corporate headquarters from Falomo- Ikoyi, to the Eko Atlantic City.
MTN Nigeria CEO, Karl Toriola, disclosed this during the MyLagosApp launch event in Lagos, yesterday. Toriola said that the company’s new headquarters will be situated in Eko Atlantic, four years after it announced plans to build a new head office.
MTN will be the first telecom operator to build in the coastal city, signaling confidence in its potential as one of the premier business hubs in Nigeria. “Beyond connectivity, we are committed to making long-term investments in Lagos.
As part of this commitment, we have acquired a piece of land in Eko Atlantic City, and we will commence construction once we have gotten the equipment,” said Toriola.
He added that MTN Nigeria is also constructing West Africa’s largest Tier 4 data center in Lagos.
The facility will house 1,500 racks and operate as a carrier-neutral hub, allowing multiple Internet Service Providers (ISPs) and cloud service providers to interconnect.
Toriola said that the data center will not be situated within Eko Atlantic but on the Lagos mainland.
“With seven degrees of connectivity, this facility will be the most sophisticated data hub in the region, further strengthening Nigeria’s position as a leader in digital transformation,” Toriola said.
Business
AI drives African cybercrimes to 55% – Interpol
The 40-page report relied on survey data from 36 African countries.
Interpol’s African Cyberthreat Assessment Report 2026 revealed Artificial intelligence is driving 55 percent of reported cybercrimes across Africa, enabling attacks to become faster, more sophisticated and harder for victims and digital platforms to detect.
The report, released on Monday, also identified significant data breach incidents in South Sudan, South Africa, Nigeria and Namibia between January 2024 and September 2025.
Ransomware incidents were similarly prevalent across South Africa, Nigeria, Namibia, Senegal, and Zambia, with attackers increasingly targeting healthcare institutions, utility providers, and public service portals to maximise disruption and extortion potential.
The 40-page report relied on survey data from 36 African countries.
Business email compromise (BEC) involves attackers tricking workers into sending money or private data by pretending to be bosses or trusted partners.
Business
Okonjo-Iweala Challenges Delta State To Become Nigeria’s Fourth Industrial Hubs
Consider Delta’s natural, infrastructural, and human endowments. We’ve heard about them. Abundant natural gas, a coastline with seaports at Warri, Sapele, Burutu, and Asaba.
Dr Ngozi Okonjo-Iweala, the Director -General of the World Trade Organisation (WTO) has positioned Delta State, as Nigeria’s next great industrial hub after Lagos, Kano and Port Harcourt.
Okonjo-Iweala expressed the conviction in a keynote address, she delivered during the state’s on-going economic and investment summit in Asaba.
Speaking at the summit, Okonjo-Iweala emphasised that Delta State had the potential to become Nigeria’s next great industrial hub, standing alongside Lagos, Kano, and Port Harcourt, as an engine of the national economy.
Okonjo-Iweala said: “This would be good for Nigeria as a whole. It would help decongest some of our economic hubs like Lagos and Kano that are becoming overcrowded. Lagos alone accounts for about a quarter of Nigeria’s GDP and half of its non-oil GDP.“
Consider Delta’s natural, infrastructural, and human endowments. We’ve heard about them. Abundant natural gas, a coastline with seaports at Warri, Sapele, Burutu, and Asaba.
The Itape-Ajaokuta-Wari rail line. The fertile land of Delta State, solid minerals, 49 tertiary institutions producing young people who want opportunities in the state where they grew up.
”Okonjo-Iweala said, “On the financial front, the state also has some fiscal space. Budget 2025 State of States report ranked Delta 6th of 35 states in overall fiscal performance and 2nd in debt sustainability. I was very happy about that. And when I heard one of the speakers say, you’re not going to borrow, I was smiling. Keep the fiscal prudence because without it, you’re not going to be able to build the Delta State we want.
“If you have to deploy resources, you have to deploy them in a manner that makes the state productive, not wasteful.
The 2025 proposed budget of N1.66 trillion prioritises increased capital expenditure as part of the efforts to move Delta onto a higher growth path.
A stable macro-economic environment at the federal level, exchange rate management, bringing down inflationary pressures, would improve state’s prospects for success.”
Business
Trump Criticises Exxon And Chevron For Making ‘Too Much Money’ from Iran War
Trump has often used public criticism to influence major companies. During his first term, he pressed automakers to keep production in the US, criticised defence contractors over costs and called on pharmaceutical companies to reduce drug prices.
US President Donald Trump has criticised ExxonMobil and Chevron for making what he described as excessive profits and demanded they lower petrol prices for consumers.
Speaking to reporters on Monday, Trump said he was unhappy that both companies had benefited from higher fuel prices following strong second-quarter earnings driven by elevated oil prices during the Iran war.
“I don’t like it,” .“Chevron, too much money. ExxonMobil, too much. Too much money,”Trump told reporters on Monday.
Trump has often used public criticism to influence major companies. During his first term, he pressed automakers to keep production in the US, criticised defence contractors over costs and called on pharmaceutical companies to reduce drug prices.
Since returning to office, he has continued using the presidency to pressure companies without always relying on formal government action.
-
Entertainment2 days agoGood News According to Jesus Films Delight Thousands at Jehovah’s Witnesses’ Eternal Happiness Convention
-
News2 days agoBREAKING: Fire Outbreak at Murtala Muhammed International Airport Terminal (Images)
-
News2 days ago“No Fire at Lagos Airport Terminal 2” – FAAN Claims
-
Opinions7 hours agoRemi Tinubu and the Road to the President’s Re-election, By Dr Dayo Israel
-
Sports5 hours agoLagos declares readiness to host 2026 CAF Awards
-
Business1 day agoNaira Exchange Rates Monday, August 3 (Black Market, CBN, Banks )
-
News6 hours agoFG Unveils 7-Week Policing Bill Roadmap, Seeks Public Input
-
News5 hours agoEducation Minister Orders Dismissal of Students Found Guilty of Kidnapping
