03
07
2025

PAGES

03
07
2025

spot_img

PAGES

Home Blog Page 253

Airtel Nigeria Announces Plan to Spend Over N500bn on Network Expansion, 5G Rollout

0

Telecommunications giant Airtel Nigeria has announced plans to more than double its capital investment in Nigeria this year, setting the stage for an aggressive 5G rollout and sweeping network expansion across the country.

The development, disclosed in the financial statement of its parent company Airtel Africa for the fiscal year ending March 2025, shows that the Nigerian unit spent $168 million (approximately N259 billion) on capital expenditure during the reporting period. But for the new fiscal year, the company has committed to spending over N500 billion, based on current exchange rates.

This comes amid mounting pressure from Nigeria’s telecom regulator, the Nigerian Communications Commission (NCC), for operators to upgrade infrastructure in line with the quality-of-service expectations tied to recent tariff adjustments. Airtel’s move is a direct response to this regulatory demand and signals its intent to deepen its footprint in the Nigerian market, despite macroeconomic headwinds and currency volatility.

Broad Investment Scope

According to a statement from the company, the investment will focus on critical infrastructure across various segments of its operations:

Accelerated 5G Deployment: Airtel plans to fast-track 5G rollout across major urban and semi-urban areas. This would provide ultra-fast internet speeds and improved latency for users, positioning the telco competitively against early mover MTN Nigeria, which began 5G deployment last year.

Rural Network Expansion: The company says it is scaling its reach into underserved and rural communities, with new base stations and mobile infrastructure aimed at bridging Nigeria’s digital divide.

Fiber and Data Infrastructure: Airtel is also investing heavily in high-capacity radios and fiber-optic expansion to meet growing data demand. It intends to tap into the recently landed 2Africa submarine cable to boost international bandwidth and enhance data throughput.

New Data Center: A modern, state-of-the-art data center is under construction to enhance data management capacity and support the company’s growing consumer and enterprise needs.

Customer-Centric Innovations: Airtel has introduced AI-powered services designed to detect scam SMS messages in real time, upgraded its call centers, and is offering personalized mobile packages to give users more flexibility in managing their plans.

The investment also covers the expansion of its retail footprint nationwide and the rollout of new home broadband solutions to address increasing demand for reliable internet access in households.

Dinesh Balsingh, Chief Executive Officer of Airtel Nigeria, described the multibillion-naira investment as a vote of confidence in Nigeria’s digital economy.

“Our decision to double our investment reflects our deep commitment to Nigeria’s future,” Balsingh said. “As a company that views Nigeria as home, we are investing in transformative infrastructure that will deliver unmatched value to our customers and make connectivity an everyday reality for more Nigerians.”

He added that the initiative is not just about deploying advanced technology but about “empowerment and making a positive difference in people’s lives.”

Beyond technological infrastructure, Airtel says its plan will also help create thousands of jobs, enable small businesses, and extend digital access to excluded populations — reinforcing its ambition to act as more than just a telecom operator, but a key enabler of Nigeria’s digital transformation.

Airtel’s commitment comes just months after the NCC approved a 50% tariff increase for telecom operators, following years of stagnant pricing and rising operational costs. The approval was granted with the condition that operators significantly upgrade their infrastructure and improve service quality.

In line with this, MTN Nigeria, Airtel’s biggest competitor, also recently disclosed that it spent N202.4 billion on network investment in the first quarter of 2025 — a 159% surge compared to N78.1 billion in Q1 2024.

The competitive spending signals a broader push within the sector to meet regulatory benchmarks and consumer expectations amid increased data consumption and chronic network congestion in Nigeria.

While Airtel’s latest announcement suggests growing confidence in Nigeria’s telecom market, questions remain about the long-term sustainability of such capital-heavy strategies, particularly in a high-inflation, low-consumption environment.

However, with 5G adoption slowly gaining traction and millions of Nigerians yet to be connected to fast internet, Airtel’s massive reinvestment, which will play a huge role in shaping the future of Nigeria’s connectivity market, is expected to boost its revenue.

BTC surged by $100,000 and its market value exceeded $2 trillion. How to earn BTC every day by participating in the bull market dividend with SAVVY MINING?

0
CREATOR: gd-jpeg v1.0 (using IJG JPEG v80), quality = 82

[May 2025] Bitcoin (BTC) has recently surpassed $2 trillion in market value, surpassing e-commerce giant Amazon and becoming the world’s fifth largest asset. This not only highlights Bitcoin’s strategic position in the global financial system, but also indicates that crypto assets will enter the mainstream configuration vision, and the value of mining as an underlying generation mechanism is being re-evaluated.

According to the latest statistics from 8MarketCap, a global asset data platform, Bitcoin’s current market value has reached $2.04 trillion, with an increase of 4.75% in just 24 hours. Market sentiment is high, and investors’ demand for “participating in the bottom layer” is also rising rapidly. Traditional mining has high barriers to entry and complex technology, while cloud mining has the advantages of low barriers to entry, sustainability, and stable returns. SAVVY MINING is becoming a new channel for ordinary investors to obtain BTC.

About SAVVY MINING: Leader in Cloud Mining Infrastructure

At the critical juncture of global mining transformation, SAVVY MINING, as a global cloud mining platform established in 2017, has successfully built a global cloud mining system covering multiple dimensions such as AI computing power scheduling, green energy supply, and secure hosting system, relying on the compliance supervision of the UK Financial Conduct Authority (FCA). The platform has been operating more than 80 data mines for 8 years and serving more than 8 million users. Users can easily obtain real BTC income through one-click participation.

Join now with simple methods and intuitive profits

  1. Register an account to get $15 in start-up funds and participate in a free trial contract;
  1. Users can choose contract plans of different terms and currencies according to their budget, with a minimum of only $100. For example:
  • Experience Contract: Investment amount: $100, total net profit: $100 + $10.2

  • AntMiner S17: Investment amount: $500, total net profit: $500 + $43.4.

  • Ant Miner L9: Investment amount: $1,000, total net profit: $1,000 + $130.

– AntMiner S19: Investment amount: $3,000, total net profit: $3,000 + $607.5.

  • Bitcoin S21: Investment amount: $5,000, total net profit: $5,000 + $2,130.

  • On-rack Filecoin Miner: Investment amount: $10,000, total net profit: $10,000 + $8,300.

  1. All mining processes are fully managed by the platform, and the income is automatically settled daily, supporting withdrawal or continued earning at any time.

Highlights of platform advantages: Turning complex mining into “unnoticeable income”

1: An intuitive interface designed for beginners and experienced miners. Users do not need to buy expensive cryptocurrency mining equipment, sign contracts and get income every 24 hours.

2: AI algorithm optimizes mining path: SAVVY MINING deploys an intelligent computing power allocation system to automatically capture the optimal income path of the entire network, significantly improving mining efficiency;

3: Provide multi-currency support for deposits and withdrawals, and flexible configuration of multiple strategies: DOGE, BTC, ETH, SOL, XRP, USDC, LTC, USDT-TRC20, USDT-ERC20 and other currencies. Meet different investment preferences;

4: Green energy mines, promote sustainable mining: The platform has achieved clean energy power supply for more than 80% of the mines, and actively implements the commitment to carbon neutrality;

5: Double-layer encryption of funds and data: Equipped with SSL and AES 256-level encryption mechanism to ensure the safety of user accounts and assets; the platform provides insurance for each investment, underwritten by AIG Insurance Company.

6: Recommend friends to join and you can get a permanent 4.5% referral reward. The referral program can rebate up to $100,000, and there are no lock-up or mandatory binding clauses.

Safe and Sustainable Future Mining Model

In the increasingly complex crypto market, security and environmental responsibility have become important criteria for measuring mining platforms. SAVVY MINING always puts user asset security and operational transparency first. The platform uses industry-leading encryption technology and distributed risk control system to ensure that user accounts and earnings are not threatened. At the same time, all SAVVY MINING mines give priority to the use of renewable energy, comprehensively reduce carbon emissions, and achieve a balance between green computing power and profit growth. The platform is leading cloud mining into a new era of low carbon and high efficiency, helping users to contribute to the sustainable future of the earth while pursuing profits.

Conclusion

When Bitcoin enters the top five assets in the world, the next round of wealth dividends is no longer “buying” but “creating”. SAVVY MINING is a solid bridge to help global users grasp this trend.

For more information, please visit the official website: https://savvymining.com/

Official email: info@savvymining.com

Dogecoin Price Forecast: As DOGE Shows Weak Price Action in 2025, This Token is the One to Watch for 12500% Returns

0
CREATOR: gd-jpeg v1.0 (using IJG JPEG v80), quality = 82

Dogecoin has a trading value of $0.1462 and recorded a 3.02% decrease over the past day, alongside a 15.39% decrease during the previous month. The token’s downward movement shattered previous support levels, indicating a “Break of Structure” (BOS), and stable support must now be found to regain price stability. Dogecoin’s diminishing momentum has pushed investors toward the emerging cryptocurrency Rexas Finance (RXS), which guarantees unprecedented returns of 12,500%.

Final Chance! Rexas Finance (RXS) Presale 92% Sold — Listing at $0.25 on June 19!Rexas Finance (RXS) has emerged as a preferred cryptocurrency choice for investors because of its potential to benefit from the expanding Real-World Asset (RWA) tokenization field. Traditional crypto projects differ from RXS because they connect blockchain technology with investments in real estate alongside gold and commodities. Rexas Finance implements a distinct method to help investors acquire fractional ownership portions of expensive assets, thus broadening market access beyond institutions.

Stage 12 of the RXS presale is its last phase, selling each token for $0.200. Stage 12 has reached 92.05% completion, which resulted in the total collection of $48,047,460 from its $56,000,000 target while selling 460,235,009 tokens from the 500,000,000 total supply. RXS demonstrates continuous popularity growth as it establishes itself as a leading force in the crypto space. The official listing date of RXS at $0.25 on June 19, 2025, will contribute to stronger investor trust.

Rexas Finance Revolutionizes Real-World Asset Investing — Audited by Certik, Listed on CMC & CoinGecko!

Rexas Finance is an innovative cryptocurrency that transforms conventional methods people use to invest in real-world assets. Through asset tokenization, Rexas enables traditional market investments in real estate and commodities without liquidity and accessibility features. Rexas Finance brings together two innovative assets through its Rexas Token Builder, which makes asset tokenization simple, and its AI analytics tool helps users understand market trends and token performance.

Rexas Finance places security at the center of its platform design. Certik conducted thorough audits of the project, while CoinMarketCap and CoinGecko listed RXS on their platforms to provide transparent, reliable information for investors. RXS is a suitable choice for investors with different experience levels in the crypto market.

Only 7.95% Left! RXS Presale Nears Completion Before June 19 Listing — Experts Predict Massive Post-Launch Growth!

The exceptional results of Rexas Finance’s presale showcase its ability to transform blockchain technology into a transformative force for asset ownership systems. Early adopters of Stage 12 RXS presale present an impressive return on investment because 7.95% of available tokens remain unsold. Experts agree that the upcoming post-launch period for RXS will bring extraordinary growth because of its dedication to practical business solutions. A listing price of $0.25 on June 19 represents just a starting point for RXS’s anticipated upward price movement. RWA tokenization, through its innovative approach, makes the company stand out as a leading force in this new market segment, which provides institutional-level market access to investors.

Conclusion

Rexas Finance demonstrated its transformative power as a leading crypto market participant during Dogecoin’s challenging year of market volatility. Due to its real-world asset tokenization strategy, analysts forecast RXS will deliver profits of up to 12,500%, making this token a must-watch for investors in 2025.

 

Website: https://rexas.com

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

What Party Executives Need to Know Ahead of Osun 2026 Election

0
Source: National Dailies, 2024-2025; Infoprations Analysis, 2025

The road to the 2026 election in Osun State is already being paved, not just through rallies or declarations, but through the way issues are discussed and framed in public. Long before official campaigns begin, conversations about zoning and party defections are shaping the political environment and revealing who really holds sway over the minds of voters.

Recent insights, from our analysis of conflict network as reported by national dailies, into public discourse around these topics show that influence is no longer limited to those in office or those with party titles. Instead, the real power lies with those who are shaping the narratives and responding swiftly to developments. For party executives and political leaders in Osun, understanding how these dynamics work is essential if victory is to be secured.

Who is Shaping the Political Climate?

While elected leaders like Governor Ademola Adeleke remain central to political leadership, they are not necessarily at the heart of the conversations dominating public attention. In fact, figures such as spokespersons, party chieftains, and even coordinated public relations activities are playing larger roles in steering the political climate.

What stands out is that certain themes and activities are driving a significant part of the discussion. For example, phrases like Denied Declaration and Denied Defection are not names of individuals but represent responses to claims in the public space. They often arise when parties try to manage rumors about internal crises or speculation about defections. Surprisingly, these denials are proving to be some of the most powerful forces in shaping the current political atmosphere. The fact that such themes are dominating the conversation tells us that the public is highly reactive to political controversies, especially those that suggest cracks within party structures.

Exhibit 1: Emerging conflict network of Osun 2026 election

Source: National Dailies, 2024-2025; Infoprations Analysis, 2025

Similarly, Mocking Defection, a phrase that refers to ridicule or dismissal of claims about defection, has gained traction. It reflects how satire, spin, or media commentary can sometimes become more influential than official statements. This suggests that the battle for voter perception is being fought not only through press conferences but also through subtle messaging, public sentiment, and online reactions.

Zoning is More Than a Policy Question

One of the most influential issues in the buildup to 2026 is zoning. Discussions around zoning are not new, but in this electoral cycle, they have become a focal point of both unity and division. The theme of Against Zoning is proving to be one of the most dominant elements in the political space today. This shows that there is significant resistance to any predetermined arrangement about where the next governor should come from.

For party executives, this is a clear signal. Zoning is no longer just an internal discussion for stakeholders or party elders. It is a public issue, one that resonates with communities and voters who feel either entitled or excluded. Leaving this debate to chance or ignoring it altogether could allow rival parties or interest groups to define your party’s position for you. Now is the time to craft a clear, consistent message about where your party stands and, more importantly, why.

Why Spokespeople Matter More Than Ever

Another pattern emerging from the analysis is the central role of party spokespeople. In particular, those aligned with the APC are among the most active and influential voices in these ongoing debates. These individuals are not just relaying information. They are defining the tone and pace of political engagement. They can frame issues in ways that rally support, defend the party from criticism, and even destabilize opposition narratives.

Exhibit 2: Who holds the centre of the conflict and information flow

Source: National Dailies, 2024-2025; Infoprations Analysis, 2025

For party executives, the lesson is simple. Spokespeople are frontline defenders and promoters of your party’s vision. They need more than access to microphones. They need guidance, message discipline, and alignment with the party’s long-term goals. A well-prepared spokesperson can steady a party during a crisis. A careless one can trigger unnecessary damage.

Institutions Still Matter

While individual voices and controversial themes are shaping the headlines, party structures like the Osun APC and the Osun State Executive still play a meaningful role. They may not dominate the daily conversation, but their presence carries institutional weight. When these bodies are aligned with strong messaging and active engagement, they lend credibility and order to the party’s public image.

It is important for executives to ensure that these structures are not only functioning internally but also visible externally. A party whose official bodies are silent during heated debates appears disorganized, even if things are well-managed behind closed doors. The public needs to see that these institutions are not just administrative but actively shaping the direction of the party.

What Party Executives Should Do Now

So what does all of this mean for the party leaders and executives guiding their organizations through these uncertain waters?

It is clear that zoning cannot be left to chance or brushed aside as a behind-the-scenes negotiation. Whether a party intends to support zoning or not, silence on the matter only leaves room for others—opponents, disgruntled members, or external commentators—to shape the story. Voters are already paying attention. Community groups are already forming opinions. If the party fails to clearly communicate its stance, it risks being misunderstood or misrepresented. Executives must lead the way in defining where the party stands and, more importantly, why.

The role of spokespeople must be treated with the seriousness it deserves. These individuals are no longer just messengers. They are often the first point of contact between the party and the public. A well-informed and disciplined spokesperson can defuse tension, redirect negative press, and amplify the party’s strengths. On the other hand, vague, inconsistent, or off-the-cuff comments can create confusion and mistrust. It is the responsibility of party leadership to ensure their spokespeople are prepared, supported, and speaking with one voice.

It is time to start listening more closely to the public mood. Certain phrases, such as those tied to denial of defection or declarations, may seem like passing media cycles, but their frequent appearance in political conversations shows they are sticking with people. These themes tell us what the public is watching, what they are skeptical about, and where they may feel misled. Rather than dismissing them as distractions, party leaders should see them as signals, early warnings that the narrative is moving and might need a response.

Party structures themselves, executive councils, state organs, official platforms, must not remain in the shadows. These institutions carry the weight of legitimacy, and when they engage publicly with unity and purpose, they reassure supporters that the party is focused and in control. A silent or fragmented executive body during moments of political tension can signal internal weakness, even if everything is orderly behind the scenes. The public needs to see that these institutions are not only functioning but also visibly guiding the party’s direction.

In this moment, the most successful party leaders will be those who understand that politics is no longer only about winning elections. It is about managing perceptions, responding quickly, and staying ahead of the conversation. The question is not whether your party will be discussed, it already is. The real question is whether you will shape that discussion or let others do it for you.

Jumia Reports First Quarter 2025 Results, as Revenue Drops by 26% year-on-year to $36.3M

0

Jumia Technologies, Africa’s leading e-commerce platform, has announced its financial results for the first quarter ended March 31, 2025. The company reported a revenue of $36.3 million, down 26% year-over-year or 18% year-over-year on a constant currency basis.

Revenue for the quarter was impacted by the sharp decline in corporate sales, particularly in Egypt, compared to the first quarter of 2024. Marketplace revenue, comprised of third-party sales, marketing and advertising, and value-added services, was $18.1 million, down 30% year-over-year or down 26% on a constant currency basis. Lower commissions from third-party corporate sales in Egypt and the impact of currency devaluations drove the decline.

First-party sales revenue was $17.8 million, down 21% year-over-year or down 9% on a constant currency basis, similarly impacted by lower first-party corporate sales in Egypt and currency movements. Gross profit was $19.9 million, down 36% year-over-year or down 32% year-over-year on a constant currency basis. Gross profit as a percentage of GMV was 12%, compared to 17% in the first quarter of 2024, primarily due to lower revenue from higher-margin corporate sales in Egypt.

In the first quarter of 2024, first-party and third-party corporate sales in Egypt generated high margins, but these were in part offset by high finance costs incurred from the need to repatriate cash. Adjusted EBITDA loss increased to $15.7 million from $4.3 million in the prior year, and net cash used in operating activities was $21.2 million, a stark contrast to the $4.5 million inflow in Q1 2024. This change reflected higher inventory levels in preparation for the Jumia Anniversary campaign and a negative working capital contribution of $8 million.

Despite these losses, Jumia posted a significant improvement in its loss before income tax, narrowing it to $16.5 million, compared to $39.6 million in Q1 2024. This was mainly due to a $33.5 million improvement in net finance costs, as foreign exchange losses experienced in 2024 did not recur in the same magnitude.

Commenting on the report, Jumia’s CEO Francis Dufay expressed optimism in the company’s trajectory, he said,

“Driven by strong growth in our consumer business and decisive steps to improve efficiency, we’re raising our full-year guidance. We now expect a loss before income tax of $50–55 million in 2025, improving to $25–30 million in 2026. We remain on track to achieve full-year profitability in 2027.”

As of March 31, 2025, the Company’s liquidity position was $110.7 million, comprised of $61.6 million in cash and cash equivalents and $49.1 million in term deposits and other financial assets. Jumia’s liquidity position decreased by $23.2 million in the first quarter of 2025, compared to a decrease of $19.1 million in the first quarter of 2024, and a decrease of $30.6 million in the fourth quarter of 2024.

Net cash used in operating activities was $21.2 million in the first quarter of 2025, compared to a net cash inflow of $4.5 million in the first quarter of 2024, primarily driven by a negative working capital contribution of $8.0 million, largely reflecting higher inventory levels built up to ensure product availability and assortment ahead of the Jumia Anniversary campaign, which is set to launch in early May earlier than in 2024.

In addition, the Company reported $0.9 million in capital expenditures in the first quarter of 2025, compared to $0.2 million in the first quarter of 2024, primarily reflecting investments in infrastructure and facility enhancements to support business growth. The company’s digital payment platform, JumiaPay, saw transactions reach 2.0 million, an increase of 1% year-over-year mainly driven by increased penetration of JumiaPay on delivery in the first quarter of 2025. Ongoing efforts to streamline the user experience and the continued rollout of JumiaPay on delivery to increase cashless orders have positioned it as an enabler of the company’s e-commerce platform.

While Jumia faced significant revenue and profit pressures due to macroeconomic challenges and reduced corporate sales in Egypt, the company’s consumer-focused strategy and operational discipline are beginning to show promising signs.

With improving order growth, customer retention, and fulfillment efficiencies, Jumia appears to be on a clearer path toward long-term profitability and sustainable growth. The company is focused on achieving profitable growth in 2025 by increasing usage, improving operational efficiency, and significantly reducing cash burn.