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[BusinessDayNG @BusinessDayNg]

SpaceX, Elon Musk’s pioneering space and technology giant, has taken a bold step into the debt markets.

On Monday, the company officially commenced its inaugural offering of senior unsecured notes, marking the first time it has issued investment-grade dollar bonds.

https://t.co/xgglz5qS8y

[BusinessDayNG @BusinessDayNg]

Nigerian banks, telecom companies and fintechs may be entering a new era where corporate reputation is shaped less by advertising and more by what AI systems consider believable.

That is the key message from a new global study by Burson, which warns that visibility in AI-generated responses alone is no longer enough to build trust. Instead, brands must prove their claims through credible evidence, independent validation and consistent digital footprints if they want to influence how AI platforms portray them.

https://t.co/fbSRp17keV

[BusinessDayNG @BusinessDayNg]

Nigeria’s ability to compete in the global artificial intelligence (AI) economy will depend largely on the strength of its telecommunications infrastructure and its capacity to keep more internet traffic and digital services within its borders, industry experts have warned...

Read more: https://t.co/kvbW53sPwq

[BusinessDayNG @BusinessDayNg]

TikTok and the International Chamber of Commerce (ICC) have launched a new initiative aimed at turning the country's growing online population into a catalyst for enterprise growth.

The Digital Commerce Labs, unveiled in Lagos on Thursday, seeks to equip micro, small and medium-sized enterprises (MSMEs) with practical digital commerce skills needed to attract customers, expand beyond local markets and compete in an increasingly digital economy...

Read more: https://t.co/uo0flpoLH0

[BusinessDayNG @BusinessDayNg]

Nigeria’s $25 billion fast-moving consumer goods (FMCG) market is emerging as one of Africa’s most compelling growth stories, but the sector’s future may depend on how quickly technology and financing solutions can bridge longstanding...

https://t.co/dRtsoZ3aPr

[BusinessDayNG @BusinessDayNg]

Nigeria's telecommunications regulator and industry stakeholders are moving toward a fresh regulatory approach for fibre broadband deployment as mounting infrastructure challenges threaten the country's broadband expansion goals and wider digital economy ambitions.

https://t.co/qenNu0lo4z

[BusinessDayNG @BusinessDayNg]

Africa’s mobile industry is on track to contribute $290 billion to the continent’s economy by 2030, but the biggest challenge is getting millions of people who already live within coverage areas to actually use digital services.

According to the latest report by the GSMA, mobile technologies and services contributed $240 billion to Africa’s economy in 2025, equivalent to 7.8 percent of gross domestic product, and are expected to add another $50 billion in economic value over the next five years as digital adoption accelerates.

https://t.co/92MGrnpXE0

[BusinessDayNG @BusinessDayNg]

Nigeria's telecommunications regulator has begun rewriting one of the industry's most important pricing frameworks as inflation, naira depreciation, 5G investments and the growing dominance of WhatsApp and other internet-based platforms...

https://t.co/FZVMwyTXIg

[BusinessDayNG @BusinessDayNg]

Nigeria's telecommunications operators are pushing for a fundamental overhaul of the country's wholesale pricing framework after mobile termination rates remained unchanged for eight years despite inflation, currency depreciation and rising network...

https://t.co/WJtQKl613w

[BusinessDayNG @BusinessDayNg]

SpaceX's Starlink is increasingly attracting Africa's most lucrative telecom customers while much of the resulting revenue, data management, and critical infrastructure remain outside the continent, raising concerns that governments could lose part of the more than $30 billion in annual taxes generated by the telecom sector.

Starlink is rapidly capturing high-value urban and enterprise customers across Africa with high-speed, reliable satellite internet that often outperforms congested terrestrial networks.

https://t.co/OdoPy8kE8R

[BusinessDayNG @BusinessDayNg]

Nigeria's banks, fintech companies and payment providers face one of the biggest technology migrations in the country's financial history after the Central Bank of Nigeria (CBN) ordered all payment transaction data generated within the country to be stored and managed locally by January 1, 2027.

The directive effectively ends years of dependence on foreign cloud infrastructure for critical payment operations and is expected to trigger a rush toward local data centres, cloud platforms and digital infrastructure investments.

https://t.co/meSQfi526d

[BusinessDayNG @BusinessDayNg]

When SpaceX struggled to stay alive in 2008 after three failed rocket launches, few investors wanted to touch the company.

Nearly two decades later, those who took the risk are reaping some of the biggest rewards in venture capital history as SpaceX debuts on the stock market with a valuation approaching $2 trillion.

https://t.co/M91JGowZfQ

[BusinessDayNG @BusinessDayNg]

The International Monetary Fund's (IMF) recommendation that Nigeria consider introducing excise duties on telecommunications services has reopened a long-running debate over whether the country's telecom sector should face additional taxes at a time when operators and consumers are already grappling with rising costs.

https://t.co/5C7BJ58Tks

[BusinessDayNG @BusinessDayNg]

Millions of mobile phone users across Africa borrowed airtime worth about N4.6 trillion ($3.18 billion) in 2025 as rising living costs and limited access to formal credit pushed more people to rely on telecom-based lending services.

This is according to the latest financial statements released by fintech company Optasia, a major provider of airtime credit and nano-loan services across emerging markets.

https://t.co/Ci2lSOfXO6

[BusinessDayNG @BusinessDayNg]

Elon Musk entered the history books on Friday as the world's first trillionaire, a development that places Africa at the centre of one of the most significant wealth-creation stories of the modern era, even though the fortune itself was largely built outside the continent.

The South Africa-born entrepreneur crossed the $1 trillion net worth threshold after the Nasdaq debut of SpaceX, the rocket and satellite company he founded in 2002.

https://t.co/XFawZeeRlU

[BusinessDayNG @BusinessDayNg]

A growing debate over competition, consumer protection and economic sovereignty has placed Nigeria's telecom lending sector under the spotlight, as stakeholders weigh the implications of regulatory efforts by the Federal Competition...

https://t.co/32Nf56jhKq

[BusinessDayNG @BusinessDayNg]

President Bola Tinubu, in his Democracy Day address on June 12, 2026, highlighted the role of Nigeria’s institutions, particularly the judiciary, as guardrails of the republic.

Tinubu noted that for 27 years, Nigerians have resolved disagreements in courtrooms and legislative chambers, and he urged accountability while assuring investors of growing confidence in the economy...

Read more: https://t.co/GPS4bnnJUR

[BusinessDayNG @BusinessDayNg]

Users around the world are running into a frustrating query error on Facebook that stops them from loading feeds, posting comments, sending messages, or performing other everyday tasks.

This error pops up when the app or site fails to pull information properly from Meta's servers. Even though Meta's official status page shows no major problems, many people continue to report the issue today...

Read more: https://t.co/vwCqgn1I5c

[BusinessDayNG @BusinessDayNg]

The United Kingdom has launched a new £15 million Growth Programme aimed at helping Nigeria attract more investment, strengthen economic reforms and accelerate long-term growth.

The announcement was made during a two-day visit to Nigeria by Baroness Jenny Chapman, the UK minister for Africa and International Development, who met with key government officials in Abuja and Kaduna...

Read more: https://t.co/QgUxHwHV10