Business
Airtel Africa Posts Strong Gains, Boosts Investor Confidence
Airtel Africa has recorded a strong performance on the Nigerian Exchange (NGX), emerging as one of the most resilient large-cap stocks following a 10 per cent weekly gain that strengthened investor confidence in the telecommunications giant.
The company closed the trading week at N3,655.70 per share, rising from N3,323.40, making it one of the key drivers of market performance during a period marked by selective trading and cautious investor sentiment.
The performance reflects renewed confidence in the fundamentals of Airtel Africa Plc, supported by its diversified revenue base, strong regional presence, and long-term growth strategy across multiple African markets.
Market analysts say the telecoms firm continues to attract investors seeking stable, high-quality equities capable of delivering consistent returns amid macroeconomic uncertainty.
Unlike speculative gainers in the same trading period, Airtel Africa’s upward movement was driven largely by expectations of sustained earnings growth, foreign currency-linked revenues, and its dominant position in Africa’s telecommunications sector.
The company operates in 14 countries across sub-Saharan Africa, offering mobile voice, data, and mobile money services to more than 156 million customers, positioning it as a key player in the continent’s digital economy.
Investor interest has also been boosted by the company’s continued investments in network expansion, digital infrastructure, enterprise solutions, and financial inclusion services, all of which are seen as critical to Africa’s growing digital transformation.
These strategic initiatives have helped reinforce Airtel Africa’s reputation as a stabilising force on the NGX, particularly at a time when investors are becoming more selective in capital allocation.
Beyond its stock performance, the company’s broader impact on connectivity and digital access continues to shape economic activity across the region, supporting businesses, governments, and individuals through improved communication and mobile financial services.
Airtel Africa’s latest market performance underscores confidence in its long-term outlook and its ability to sustain shareholder value creation.
The company’s Nigerian arm, Airtel Nigeria, remains a key driver of its regional operations, offering telecommunications and mobile money services to millions of subscribers.
Overall, the strong showing on the NGX reflects growing recognition of Airtel Africa’s role in driving digital inclusion, innovation, and connectivity across the continent.
Business
Ultimate Health Pushes Affordable Insurance for Nigeria’s Informal Sector
By Abigail David
Ultimate Health Management Services has intensified efforts to expand affordable health insurance coverage for Nigeria’s largely uninsured informal sector through strategic partnerships and awareness campaigns.
The initiative was highlighted during a meeting in Lagos with a delegation from the Chartered Institute of Directors (CIoD) Nigeria, led by Assistant Director Adekemi Parker, where both organisations explored collaboration to improve health insurance penetration and governance standards in the sector.
At the centre of the initiative is a new health insurance package designed for artisans, traders, transport operators, ICT professionals and small business owners. According to Ultimate Health Managing Director, Lekan Ewenla, the scheme costs N38,000 annually per enrollee and is structured to provide accessible healthcare for workers outside the formal employment sector.
Ewenla said the programme aims to reduce the heavy reliance on out-of-pocket medical expenses, noting that inadequate awareness and limited access to information remain major barriers to health insurance adoption in Nigeria.
He added that the company is working with organised informal sector groups and institutional partners to drive enrolment and improve access to timely healthcare services.
Official data from the 2025 State of Health of the Nation Report shows that health insurance coverage in Nigeria increased from 19.2 million people in 2024 to 21.7 million in 2025, representing about 13 per cent of the population.
CIoD said the collaboration aligns with its commitment to strengthening corporate governance and improving service delivery in critical sectors, including healthcare.
Business
NCC Says Telcos Compensate Over 75 Million Nigerians for Poor Network Service
By Abigail David
The Nigerian Communications Commission (NCC) says telecommunications operators have compensated more than 75 million subscribers for poor network service, marking one of the largest consumer redress initiatives in Africa’s telecom sector.
The disclosure was made in a communiqué issued after the commission’s 109th board meeting held on May 25, 2026. The compensation followed an NCC directive requiring mobile operators to automatically credit affected customers with airtime for service disruptions and substandard network performance.
According to the regulator, the compensation programme reflects significant progress in enforcing quality-of-service standards across the industry. The NCC, however, said it is independently verifying operators’ claims to ensure that all eligible subscribers receive the compensation due to them.
The commission also reviewed compliance by telecom infrastructure providers, including tower companies, directing them to fully implement network upgrade commitments funded through regulatory fines. It noted that while progress had been made, full compliance remained necessary to improve service quality sustainably.
The NCC identified infrastructure vandalism, growing data demand and limited fibre deployment as key challenges affecting the sector. It added that efforts to expand fibre networks and strengthen telecom infrastructure security are ongoing, including plans for a Communications Industry Security Trust Fund.
Nigeria’s telecom industry invested about N2.13 trillion in network infrastructure in 2025, with operators projecting an additional N1.86 trillion investment in 2026 to expand coverage and improve service delivery.
Business
Consumers Can Sell Excess Solar Power to Discos Under New NERC Regulation
By Abigail David
The Nigerian Electricity Regulatory Commission (NERC) has commenced implementation of the Net Billing Regulations 2026, a policy that allows eligible electricity consumers with renewable energy systems to sell surplus power generated from their installations to electricity distribution companies (Discos).
The new framework is designed to encourage the adoption of renewable energy, attract private investment in power generation, and increase electricity supply through distributed generation.
In a public notice issued on Wednesday, NERC said the regulation enables eligible customers, referred to as “prosumers,” to generate electricity for their own consumption and export excess energy to the distribution network under a net billing arrangement.
According to the commission, participants must operate renewable energy systems with installed capacities ranging from 50 kilowatt peak (kWp) to 1.5 megawatt peak (MWp), making the scheme primarily suitable for medium- and large-scale consumers.
Under the arrangement, electricity generated from solar installations will first be used by the customer. Any excess power can then be supplied to the distribution network through bidirectional meters that record both imported and exported electricity.
NERC stated that exported energy will be credited based on tariffs approved by the commission, creating an opportunity for businesses and institutions with large solar installations to earn revenue from unused electricity.
The commission said the initiative aims to promote renewable energy adoption, improve energy security, encourage private sector participation in power generation, reduce greenhouse gas emissions, and support the integration of renewable energy into distribution networks.
Experts believe the scheme could benefit factories, universities, hospitals, shopping malls, telecommunications facilities, industrial estates, and other large organisations that often generate surplus solar power during periods of low demand.
To participate, customers must be connected to a Disco’s network, meet technical and regulatory requirements, obtain approval from their distribution company, sign a net billing agreement, and register with NERC.
Applicants will also undergo a technical feasibility assessment before approval. Successful participants will be provided with bidirectional metering infrastructure required for the programme.
The regulation comes as households and businesses increasingly turn to alternative energy sources amid persistent challenges in Nigeria’s electricity sector, including inadequate generation, transmission bottlenecks, and distribution constraints.
NERC said the framework is expected to unlock private investment in renewable energy while supporting Nigeria’s broader energy transition objectives.
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