Business
Real reasons we imposed huge fine on MTN + How we discovered MTN aided Boko haram – Buhari reveals
President Muhammadu Buhari has stated that the Nigerian government was forced to impose a hefty fine on South African owned telecoms firm, MTN, after it was discovered that the sale of unregistered SIM cards by the company aided the terrorist group, Boko Haram, to continue to kill Nigerians.
Mr. Buhari made the disclosure Tuesday during a press conference he held with the visiting South African president, Jacob Zuma, at the State House presidential villa in Abuja.
Mr. Buhari was responding to a question on the matter by a South African journalist who said the hefty fine imposed on MTN may likely scare the firm away from the country and hurt ongoing bilateral agreements regarding trade between the two nations.
“The concern of the Federal Government was basically on the security and not the fine imposed on MTN,” he said.
Mr. Buhari also said Boko Haram has killed over 10,000 Nigerians since 2009 and the use of unregistered SIM cards aided them.
“You know how the unregistered GSM are being used by terrorists and between 2009 and today, at least 10,000 Nigerians were killed by Boko Haram.
“That was why NCC asked MTN, Glo and the rest of them to register GSM.
“Unfortunately, MTN was very slow and contributed to the casualties. And NCC looked at its regulations and imposed the fine on them,” he said.
The president added that the Nigerian government decided to allow the security agencies, as well as the NCC and MTN to “deal with the issue”.
He however said “unfortunately for MTN, they went to court and once you go to court, you virtually disarm the government, because if the Federal government refuses to listen to the judiciary, it is going against its own constitution.
“Therefore, the government has to wait and I think MTN has seen that and decided to withdraw the case and try to go back and negotiate with government agencies on what they consider a very stiff fine can be reduced or may be given time to pay gradually.”
On his part, the visiting South African president was asked about Nigerian funds which were seized by the South African government during the administration of former President Goodluck Jonathan as well as the xenophobic attacks in South Africa by citizens of the country against other African nationals.
Mr. Zuma said Nigeria and South Africa are currently working the issue of confiscated funds.
“Relevant structures are working on it and there are some that have been discovered and recovered, but there are some that the necessary departments are doing investigation. We would certainly appreciate if we succeed in recovering all other issues so that they would be returned back,” he said.
On Xenophobia, Mr. Zuma said it was an unfortunate experience because, as he said “all Africans are the same. It is the colonialists through borders that make us to think we are different from one another”.
He said as far as the South Africa government is concerned, all Africans are the same and that view is what is being used to address the unfortunate incidence of xenophobia adding, “we believe we have dealt with these issues and we need this kind of inter action among countries.
“We like our people in both countries and other countries to realize that we are the same. We have the same objectives and the same interest and we have the same kind of destination as Africans,” he said.
Mr. Zuma had also earlier informed the gathering that the discussion held with President Buhari centred on reviewing various bilateral and multilateral issues.
He said the two leaders have noted with satisfaction the ever growing cooperation in many sectors including trade and investment; defence and security; immigration matters; energy; mineral resources, and others.
He also said they have recognised the important role played by the South Africa-Nigeria Binational Commission since its inception in 1999.
“As we forge a strategic partnership between the two sister nations, we have decided to elevate the Bi-National Commission to the level of Heads of State.
“In this way my Brother and I will be able to lead as well as monitor progress in various areas of cooperation,” he said.
Mr. Zuma said Nigeria and South Africa have signed over 30 bilateral agreements and memoranda of understanding.
These agreements, he said, cover a wide range of cooperation areas including trade and industry, transport, energy, defence and security and immigration among others.
“We have directed the relevant Ministers to move with speed in implementing all signed agreements.
“We have also directed our Ministers to identify joint projects in the key high impact strategic development areas, which will have socio-economic benefits such as employment creation to our peoples,” he said.
Precision and Heritage: How Fifi Stitches Is Rewriting African Fashion Narratives
A Nigerian-born designer is gradually carving out a cross-continental footprint in contemporary fashion, blending African textile heritage with British technical discipline.
Esther Fiyinfoluwa Adeosun, Founder and Creative Director of Fifi Stitches, is gaining recognition for structured womenswear and bridal couture that reinterprets traditional fabrics through architectural tailoring and precision construction.
Born in Ibadan, Oyo State, Adeosun’s fashion journey began at home, seated beside her mother’s sewing machine. What started as childhood curiosity, sometimes jamming the machine just to understand its mechanics—evolved into a disciplined design practice now operating between Nigeria and the United Kingdom.
During an interview with journalists the fifi Stitches once mentioned “I was fascinated by how flat fabric could transform into something structured and meaningful”.
In her Story , early designs made for her family, though imperfectly finished, were worn with pride—an encouragement that laid the foundation for her professional confidence.
Today, Fifi Stitches is recognised for sculpted bodices, controlled tailoring, corsetry construction, and the contemporary reinterpretation of Ankara, Aso Oke, and Adire textiles.
The brand challenges the long-held perception that African fabrics belong solely in ceremonial contexts, instead positioning them within global luxury and modern design spaces.
Adeosun’s training reflects this dual perspective. She studied Fashion Design and Entrepreneurship at the Institute for Entrepreneurship and Development Studies, Obafemi Awolowo University, and earned a Diploma in Fashion Design through Alison Online.
In the UK, she undertook industry-focused technical training with Fashion-Enter Ltd and gained fashion business exposure through Fashion Capital UK.
Her technical expertise spans pattern drafting, draping, garment technology, structured tailoring, corsetry, and bespoke fittings—skills she describes as central to credibility in fashion. “Precision builds trust,” she says. “A designer must understand construction as deeply as creativity.”
Fifi Stitches has showcased collections at the Suffolk Fashion Show, Liverpool Fashion Show – FB Fashion Ball, Red Carpet Fashion Event in London, and through editorial features in London Runway Magazine.
The brand has also received coverage in The Guardian Nigeria and Vanguard Allure, expanding its visibility across markets.
Beyond couture, Adeosun integrates community impact into her practice.
She has facilitated garment construction workshops, draping sessions, and introductory training programmes for women and emerging creatives, promoting fashion as both artistic expression and vocational empowerment.
Fifi Stcithes Boss operates between Nigeria and the UK, in order to continue to shape her brand identity.
According to her “Nigeria provides cultural richness and expressive textile traditions, while the UK offers structured production systems, sustainability conversations, and institutional frameworks”.
Looking ahead, Adeosun said she plan to establish a fully structured fashion house spanning Africa and the UK, develop scalable production partnerships, launch capsule collections, and expand independent editorial visibility.
Her broader ambition is clear: to position African textile craftsmanship within global contemporary design conversations—through structure, discipline, and technical excellence.
GTCO Launches “Take on Squad” Hackathon 3.0, Opens Call for Applications
Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has announced the launch of “Take on Squad” Hackathon 3.0, reaffirming its commitment to fostering innovation, empowering talent, and supporting the development of technology-driven solutions that address real-world challenges across Africa.
Now in its third edition, the Hackathon brings together developers, designers and entrepreneurs across Nigeria in a collaborative environment to build practical solutions across key sectors including financial services, healthcare, commerce and digital inclusion. Under the theme “Smart Systems: The Intelligent Economy,” participants are challenged to design and build intelligent, data-driven solutions that transform how communities engage with money.
Applications are now open, and interested teams can find full guidelines and registration details on the official portal at https://squadco.com/hackathon.
Speaking on the initiative, Eduophon Japhet, Managing Director of HabariPay, stated: “Today’s dynamic, digitally driven world demands continuous innovation, which is shaping how economies grow, how businesses scale, and how societies evolve. Through “Take on Squad” Hackathon, we are deliberately investing in the ideas and talent that will define the future. Our objective is not simply to encourage innovation, but to enable its translation into scalable solutions that deliver real and measurable impact. This reflects GTCO’s role as a financial services platform that connects capital, capability, and creativity to drive sustainable progress.”
The social coding event remains a cornerstone of HabariPay’s mission to foster creativity and problem-solving among emerging tech talents. Competing teams will leverage Squad’s advanced APIs to create scalable digital tools that address everyday challenges faced by businesses and individuals.
Through initiatives such as this, GTCO continues to position itself at the intersection of finance, technology and enterprise, actively shaping the future of digital transformation in Africa.
About HabariPay
HabariPay Ltd is the fintech subsidiary of Guaranty Trust Holding Company Plc (GTCO), one of the largest financial services institutions in Africa with direct and indirect investments in a network of operating entities located in 10 countries across Africa and the United Kingdom.
Licensed by the Central Bank of Nigeria (CBN), our goal is to support SMEs, micro merchants, large corporations and other fintechs (Tech Stars) with the tools they need to thrive in an evolving digital economy and expand beyond their current market reach. HabariPay’s solutions include Squad, a full-scale digital payments toolkit to make in-person and online payments simpler, HabariPay Storefront, an e-commerce website to facilitate online purchases, Value-Added Services to help merchants access cost-effective and flexible airtime and data bundles to run their businesses, as well as a switching infrastructure that enables tech-focused businesses to optimise cost and make transactions more efficient.
HabariPay’s contributions to Accelerating Digital Acceptance in Africa have not gone unnoticed–it received Mastercard’s Innovative Mobile Payment Solution Award at TIA 2022 for its innovative payment solution, SquadPOS.
About Squad
Squad is a complete digital payments solution that is reliable, secure, and affordable, making receiving in-person and online payments simpler and convenient.
Thousands of merchants currently leverage Squad’s payment solutions for their daily business operations. Squad’s current products and service offerings include SquadPOS, Squad Payment Links, Squad Virtual Accounts, USSD, and E-Commerce Storefront.
Find out more at www.squadco.com.
Electric 8-Seater Tula Moto Keke Enters Nigerian Market, Targets Higher Operator Earnings
LAGOS — A new electric-powered tricycle with an expanded passenger capacity has been introduced into Nigeria’s urban transport sector, offering operators a potentially more profitable and eco-friendly alternative to conventional petrol-driven “keke.”
The newly launched 8-seater electric tricycle, now available in Lagos with plans for nationwide distribution, features a dual-row seating arrangement capable of accommodating up to eight passengers per trip—significantly higher than the standard three-passenger configuration common across the country.
Promoters of the innovation say the increased capacity is designed to boost daily earnings for operators, particularly amid persistent fluctuations in fuel prices. By running entirely on electric power, the vehicle eliminates dependence on petrol, reducing operating costs and shielding drivers from fuel price volatility.
According to the distributors, the tricycle is equipped with a durable battery system capable of covering extended distances on a single charge, making it suitable for commercial operations across high-traffic routes, residential estates, campuses, and marketplaces.
“The concept is straightforward—enable drivers to earn more while spending less,” a company representative stated. “With higher passenger capacity and zero fuel requirements, operators can maximise each trip without the burden of daily fuel expenses.”
Beyond its cost-saving potential, the electric keke is also said to require less maintenance than traditional models, offering additional long-term savings. Its quieter and smoother operation is expected to enhance passenger comfort and overall commuting experience.
Industry analysts note that the introduction of electric mobility solutions reflects a growing shift toward cleaner and more sustainable transportation alternatives in Nigeria, particularly in densely populated urban centres such as Lagos.
The distributors added that the product is currently available under a limited promotional offer, with delivery options across the country.
For inquiries and purchase: 📞 08153432071
📞 08035889103
Office Address:
📍 Plot 9, Block 113, Beulah Plaza,
Lekki–Epe Expressway,
Lekki Phase 1, Lagos
As transportation costs continue to rise and environmental concerns gain prominence, innovations like the electric 8-seater keke may signal an emerging transition toward more efficient and sustainable mobility solutions nationwide.
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