The number of Nigerian companies valued above $1 billion has risen to 11, as a strong equities rally continues to lift the valuation of the NGX’s largest players, collectively referred to by Nairametrics as SWOOTs (Stocks Worth Over One Trillion naira).

Telecoms giant Airtel Africa has signed an agreement with SpaceX to roll out Starlink’s high-speed satellite internet services across the continent, in a major move to boost digital inclusion and connectivity in remote areas.

Nigerian banks have begun releasing their Q1 2025 results, and while many are still posting billions in profit, the era of runaway earnings growth may be drawing to a close.