📱 Airtel, MTN drive Nigeria mobile subscriptions to 171.3m in August 2025

Good morning valued subscribers👋

Hope you’re easing into the day with something you enjoy (and if this newsletter is part of that, even better). Today’s edition comes with a little extra fuel: job opportunities we’ve handpicked for you.

So whether you’re just curious about what’s out there or seriously hunting for your next big move, scroll down, something might just catch your eye. If not, at least you’ve got us keeping you company this morning.

Let’s dive in.👇

Today’s Menu ☕️

🏦 FirstBank of Nigeria launches inclusive banking services for visually and physically impaired customers
📶 Airtel and MTN Drive Nigeria’s Mobile Subscriptions to 171.3 Million in August 2025
💵 Nigeria’s 23% Tax on Remote Workers: What You’ll Pay & How
🛰️ Nigeria’s NIGCOMSAT and Kenya’s Space Agency team up on satellites, security and policy
💵 EU unveils €545M investment package to accelerate renewable energy development across Africa
🚙 Uber exits Côte d’Ivoire after six years, marking first African market exit
🎮 Gaming giant EA acquired in largest-ever leveraged buyout worth $55 billion

📶 TELECOMS

Airtel and MTN Drive Nigeria’s Mobile Subscriptions to 171.3 Million in August 2025

Nigeria’s mobile telecoms market rebounded in August 2025, with active subscriptions rising to 171.3 million after a July decline. MTN retained leadership at 52.31% share and 89.6 million users, adding 499,540 lines. Airtel followed with 33.89% share and led net additions with 1.5 million, reaching 58 million subscribers. Globacom added 173,244 to 20.9 million, while T2 (formerly 9mobile) was flat at 2.7 million amid network-modernisation efforts including infrastructure sharing with MTN and renewed vendor partnerships.

Teledensity increased to 79.14% from 78.11% (population base: 216 million). Internet traffic also climbed, to 1,152,347.24TB in August from 1,131,255.90TB in July. Momentum reflects competitive pricing, urban data demand, and continued investment. Operators that expand coverage, modernise networks, and launch data-centric services are best positioned to capture growth and sustain Nigeria’s digital inclusion in coming months........…continue reading

🏦BANKING

FirstBank of Nigeria launches inclusive banking services for visually and physically impaired customers

FirstBank of Nigeria has launched a major financial inclusion initiative to provide tailored services for blind, partially sighted, and physically challenged customers across its network. The program includes Braille, audio, and large-print transaction documents, accessible ATMs with voice prompts, tactile debit cards, and secure digital banking tools, ensuring all customers can bank independently and with dignity.

The rollout, aligned with the Central Bank of Nigeria’s financial inclusion strategy and the UN Convention on the Rights of Persons with Disabilities, will extend across FirstBank’s subsidiaries and locations..........…continue reading

 💵 TAX PAYMENTS

Nigeria’s 23% Tax on Remote Workers: What You’ll Pay & How

The Nigerian government is moving to bring remote workers into the tax net under new reforms, aiming for a total tax burden of roughly 23% on their earnings. In June 2025, President Bola Tinubu signed four major tax bills into law, overhauling the system to ensure that freelancers and remote employees pay taxes just like any other Nigerian income earner.

These changes mean that if you’re based in Nigeria and earning income from foreign companies or clients, you are now explicitly required to register with the tax authorities, declare your foreign income in Naira, and pay applicable taxes. This guide breaks down how the government intends to collect these taxes, which taxes apply, and how you can stay compliant while minimizing your liability.....…continue reading

• Coca Cola - International Leadership Trainee- Lagos, Nigeria

• Oando - Senior Operations Analyst- Lagos, Nigeria

• Shell - Application Support Analyst- Lagos, Nigeria

• Ericsson - Customer Project Manager- Lagos, Nigeria

📡 SATELLITE

Nigeria’s NIGCOMSAT and Kenya’s Space Agency team up on satellites, security and policy

Nigeria and Kenya are deepening space cooperation after Kenyan Space Agency chief Hillary Kipkosgey’s visit to Abuja. Talks with NIGCOMSAT focused on joint satellite services, security applications, and harmonized space policies. The partnership aims to pool resources for broader coverage, lower costs, and stronger infrastructure.

NIGCOMSAT targets ₦8 billion revenue in three years through broadband and enterprise products, while Kenya seeks to build an ecosystem giving researchers and startups better access to satellite data. If translated into concrete projects—like joint EO programs or secure comms—the alliance could become a model for African cross-border space collaboration.......…continue reading

💵 INVESTMENTS

EU unveils €545M investment package to accelerate renewable energy development across Africa

The European Union has unveiled a €545 million investment package to scale renewable energy across nine African countries, focusing on electrification, modernized grids, and sustainable power access. Funded under the EU’s Global Gateway strategy, the projects span Côte d’Ivoire, Cameroon, Somalia, Republic of Congo, Lesotho, Ghana, Madagascar, and Mozambique, with the largest share (€359.4m) allocated to Côte d’Ivoire.

EU leaders say the initiative could create up to 38 million green jobs by 2030, strengthen energy resilience, and accelerate Africa’s clean energy transition. This builds on earlier EU support, including a €10.4 million investment in Nigeria’s Solar for Health Project...........…continue reading

 🚗 RIDE-HAILING SERVICE

Uber exits Côte d’Ivoire after six years, marking first African market exit

Uber has exited Côte d’Ivoire after six years, marking its first-ever market withdrawal in Africa. The decision, effective September 24, stems from regulatory hurdles, cash-flow challenges for drivers, and limited adaptation to local conditions. Launched in Abidjan in 2019, Uber faced stiff competition from Bolt, Yango, and Moja Ride, as well as rider complaints about pricing and service reliability.

The exit highlights the need for mobility platforms in Africa to tailor services to cash-based economies, offer flexible driver payouts, and build strong local partnerships. Competitors are now poised to capture Uber’s market share in Abidjan.......…continue reading

 OTHER STORIES

• African Capital Alliance completes full exit from Aradel Holdings through CAPE IV Fund...continue reading

• Avanz Capital Egypt joins Algebra Ventures Fund II through landmark secondary LP transaction......…continue reading

• Xiaomi 17 series arrives with compact power, dual screens and Leica cameras…….continue reading

• Pura Beverage Company secures $15 million investment to accelerate global expansion……continue reading

• Duaya acquires EXMGO to accelerate pharmacy digitization and eCommerce in Egypt…..continue reading

• MTN South Africa, Ericsson Set Records in 5G Core Upgrades…..continue reading

• Gaming giant EA acquired in largest-ever leveraged buyout worth $55 billion…..continue reading

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