BUA Foods Plc, the consumer staples giant controlled by billionaire Abdul Samad Rabiu, posted a sharp rise in earnings for the year ended Dec. 31, 2025, as Nigerians’ demand for everyday food items pushed revenue higher despite inflationary pressure. The company’s unaudited financial statements show profit after tax of ₦507.7 billion (about $366.6 million), nearly.
OpenAI says it will remove GPT-4o and three other older models from ChatGPT on February 13, 2026, as it shifts more users to its newer GPT-5.2 experience. The change affects model options inside ChatGPT, not the company’s developer API. In its January 29 announcement, OpenAI said GPT-4o, GPT-4.1, GPT-4.1 mini, and OpenAI o4-mini will be.
Nigeria’s industrial goods counters had a strong 2025 on the Nigerian Stock Exchange, with the NGX Industrial Goods Index climbing 58.91% to finish as the market’s third-best performing sector. The index moved from 3,572.2 to 5,676.5, beating the NGX All-Share Index return of 51.19%. The sector’s hottest stretch was mid-year – July rose 34.28%, Q3.
PayPal has gone live in Nigeria through a new partnership with local fintech Paga, giving Nigerians a feature many have waited years for, which is the ability to receive international payments and access the money locally. Under the arrangement, users can link their PayPal accounts to their Paga wallets, receive funds through PayPal-supported markets, and.
Elon Musk has reignited the privacy fight around Meta-owned WhatsApp, posting on X that the messaging app “is not secure” and urging people to use X Chat instead. His comment followed fresh whistleblower-linked claims and a lawsuit that challenges WhatsApp’s long-running pitch that end-to-end encryption keeps messages private from the company itself. DON’T MISS THIS:.
The Lagos State Internal Revenue Service (LIRS) says it will begin enforcing a legal tool that allows the agency to recover unpaid taxes from defaulting taxpayers through third parties, including banks, employers, tenants, debtors, customers, and business partners. What LIRS is relying on In a public notice, LIRS said Section 60 of the Nigeria Tax.
Lagos rents have risen so fast that many households now define ‘affordable’ as making compromises – living farther away, choosing a simpler home with fewer comforts, and limiting where they can search. A new ranking of average rents shows that two-bedroom apartments remain on the lower end of the market, even as demand stays strong.
Shoprite Nigeria has secured a new investor backing, an injection of capital aimed at steadying the ship and repositioning the brand in a market where survival is no longer guaranteed. Retail Supermarkets Nigeria Limited (RSNL), the operator of Shoprite in Nigeria, said the investment “provides the capital base to accelerate Shoprite’s turnaround strategy and marks.
When Nigerian businessman Tayo Amusan led Ketron Investment Limited’s acquisition of Shoprite Nigeria in 2021, the move was hailed as a commendable step, finally bringing Africa’s biggest supermarket chain under local control. Four years later, the promise has dimmed. Shoprite is now shutting down outlets across key cities, struggling to survive in a market it.
Apple’s iPhone 17 has finally arrived, and the buzz hasn’t skipped Africa. From Lagos to Johannesburg, queues formed as early adopters scrambled to grab the sleek new model. But behind the excitement, the real question is: how much would you have to cough up for an iPhone 17 in Africa, depending on which part of.