Oracle Cuts 21,000 Jobs Worldwide As AI Reshapes Workforce In 2026

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Oracle has reduced its global workforce by about 21,000 employees over the past year as the technology giant accelerates the integration of artificial intelligence across its operations and restructures key parts of its business.

According to the company’s latest annual report, Oracle’s full-time staff strength declined from approximately 162,000 employees to 141,000 as of May 31, 2026. The restructuring exercise, which affected roughly 13 percent of its workforce, resulted in severance and related costs of about $1.8 billion, significantly higher than the previous year.

The development highlights the growing impact of AI on employment across the global technology industry, where companies are increasingly balancing workforce reductions with massive investments in computing infrastructure and data centres. Brandspur Brand News understands that Oracle has indicated additional restructuring measures could occur as AI adoption expands further across its business.

Also read: https://brandspurng.com/2026/06/23/spotify-data-shows-football-podcast-listening-surging-across-sub-saharan-africa/

The company acknowledged that organisational changes linked to the deployment of artificial intelligence could continue to affect staffing levels and may temporarily disrupt productivity. It also warned that the restructuring process could create shortages in specialised roles, potentially affecting operational performance.

The scale of the layoffs only became fully clear after the filing of the annual report, although reports of widespread job cuts had surfaced earlier through posts by senior employees. The move places Oracle among several major technology firms reshaping their organisations to support AI-driven growth.

Across the industry, companies including Amazon and Meta have implemented significant workforce reductions while increasing spending on artificial intelligence initiatives. Employment trackers estimate that more than 100,000 technology workers have lost their jobs over the past year, underscoring the growing influence of AI on the future of work and the structure of the global tech sector.

Spotify Data Shows Football Podcast Listening Surging Across Sub-Saharan Africa

Spotify listening data shows football podcast consumption is
accelerating across Sub-Saharan Africa, with several markets posting
strong increases in June compared with the January–May average.

The data points to a broad rise in sports audio engagement across the
region, as fans increasingly turn to podcasts for commentary, match
analysis, player stories, club conversations, and fan-led discussion.
Growth is not limited to one market or sub-region, with gains appearing
across Southern, East, West, and Central Africa.

Among the fastest-growing SSA markets for football-related podcast
listening are Eswatini, up 160.2%; Angola, up 144.7%; Madagascar, up
137.2%; Mozambique, up 136.0%; Togo, up 121.0%; Benin, up 120.0%; Cabo
Verde, up 113.6%; Côte d’Ivoire, up 110.4%; Namibia, up 103.3%;
Rwanda, up 98.0%; Guinea, up 94.3%; Mauritius, up 88.6%; Cameroon, up
86.8%; Burundi, up 82.9%; Burkina Faso, up 81.3%; and South Africa, up
80.3%.

Also read: https://brandspurng.com/2026/06/23/akida-hills-to-transform-jabi-lake-waterfront-into-landmark-leisure-and-tourism-destination/

The trend reflects the growing role of podcasts as a companion format
for football fans across the region. Beyond live games and short-form
clips, listeners are engaging with longer-form analysis, creator-led
conversations, and local perspectives that deepen the way they follow
the sport.

The findings are based on Spotify podcast listening data from June 1
through June 20, 2026, comparing average daily football-related podcast
streams from June 1–20 against the January–May average.

About Spotify

Spotify transformed music listening forever when we launched in 2008.
Our mission is to unlock the potential of human creativity by giving a
million creative artists the opportunity to live off their art and
billions of fans the opportunity to enjoy and be inspired by these
creators. Everything we do is driven by our love for music and podcasts.
Discover, manage, and share over 100 million tracks, including more than
6 million podcast titles, for free, or upgrade to Spotify Premium to
access exclusive features for music including improved sound quality and
an on-demand, offline, and ad-free music listening experience. Today, we
are the world’s most popular audio streaming subscription service with
a community of 626 million users, including 246 million Spotify Premium
subscribers, in over 180 markets.

Akida Hills To Transform Jabi Lake Waterfront Into Landmark Leisure And Tourism Destination

First phase to feature a first-of-its-kind dancing musical fountain in West Africa alongside a range of waterfront leisure and entertainment experiences.

Abuja, NigeriaAbuja is set to welcome a landmark new waterfront destination as Akida Hills embarks on the development of a major leisure and tourism hub at Jabi Lake. Anchored by a first-of-its-kind dancing musical fountain in West Africa and a range of immersive attractions, the destination is expected to redefine how residents and visitors experience one of Abuja’s most iconic locations when it launches in December 2026.

The development forms part of the ongoing transformation of the Jabi Lake waterfront into a premier leisure, tourism, and lifestyle destination. Akida Hills, a Nigerian mixed-use real estate and destination development company, has been allocated a 3.36-hectare development site within the approximately 14-hectare waterfront district, where it will deliver a phased mix of recreational, entertainment, and public leisure experiences.

Speaking on the agreement, Kayode Bamisile, Founder, Akida Hills, said:
Jabi Lake represents one of the most significant opportunities to create a world-class waterfront destination in Africa. Through this development, we aim to deliver experiences that attract residents, visitors, and tourists year-round while contributing to economic growth, job creation, and Nigeria’s tourism appeal. Our vision is to establish Jabi as a defining waterfront destination for the continent – one that demonstrates the transformative power of destination-led development and reimagines how people experience a city”.

Also read: https://brandspurng.com/2026/06/23/world-bank-report-ranks-tincan-10th-validates-transformation-under-eto-era/

Phase 1 of the development, scheduled for completion in December 2026, will introduce the destination’s first operational attractions, including dining and leisure experiences, water-based activities, structured weekly programming, a seasonal lights festival, and the dancing musical fountain as its signature attraction. Additional experiences and amenities will be introduced in subsequent phases as the destination evolves.

Designed as a central landmark within the waterfront experience, the dancing musical fountain will combine choreographed water displays, synchronised lighting, and music to create a distinctive evening attraction and focal point for visitor engagement.

Upon completion, the development is expected to serve as a major hub for tourism, recreation, entertainment, and community engagement, further strengthening Abuja’s position as a leading leisure and lifestyle destination.

Construction and implementation activities will progress in phases, with additional announcements on attractions, programming, and commercial partnerships expected ahead of the December 2026 launch.

About Akida Hills

Akida Hills is an Abuja-based real estate and mixed-use developer focused on long-term place creation. With a growing portfolio spanning residential, lifestyle, and hospitality developments, the company is evolving beyond traditional real estate to create destinations that bring together leisure, culture, and community. Guided by a commitment to quality, sustainability, and enduring value, Akida Hills is dedicated to shaping experiences and environments that enrich how people live and connect.

World Bank Report Ranks Tincan 10th & Apapa 12th Among World’s 20 Most Improved Ports; Validates Transformation Under Ètò Era

Lagos, NigeriaNigeria’s Lagos Port Complex (Apapa) and Tincan Island Port have been recognised among the world’s 20 most improved container ports over the last five years, according to the 2025 Container Port Performance Index (CPPI), published by the World Bank and S&P Global Market Intelligence.

World Bank Report Ranks Tincan 10th & Apapa 12th Among World's 20 Most Improved Ports; Validates Transformation Under Ètò Era

Within the global improvement rankings, Tin Can Island Port placed 10th, and Lagos Port Complex (Apapa) ranked 12th, recording some of the strongest performance gains among container ports worldwide between 2020 and 2025.

The recognition reflects a remarkable turnaround in the operational performance of Nigeria’s busiest port corridors. Before 2021, truck queues stretched from Apapa through Maryland and the Cele Expressway; truckers often waited two to three weeks to access the ports, and cargo movement costs rose by as much as 450 per cent due to congestion and inefficiencies.

In February 2021, TTP Limited, in partnership with the Nigerian Ports Authority, introduced the Ètò Electronic Call-Up System to digitise and coordinate truck access into the Apapa and Tin Can port corridors.

Since then, Ètò has processed more than 3.5 million truck movements, helping restore order and predictability to one of Africa’s busiest trade gateways. Average turnaround time for port access and cargo evacuation has fallen to two days or less, cargo logistics costs have reduced by an estimated 65 per cent, and containerised export activity increased by 464 per cent between 2020 and 2021. Today, the platform provides real-time visibility and access control across more than 120 facilities within the Lagos port ecosystem and has maintained 100 per cent uptime since launch.

TTP attributes a significant portion of the ports’ improved performance to the continuous evolution of the Ètò platform. Over the last five years, enhancements such as export truck pre-clearance, streamlined booking workflows, real-time truck tracking, advanced turnaround-time analytics, intelligent demand management, and deeper integration with port stakeholders have reduced waiting times, improved cargo evacuation, enhanced visibility, and strengthened coordination across the logistics chain. Together, these improvements have helped create a more efficient and resilient port ecosystem, contributing to the operational gains reflected in the World Bank’s rankings.

Also read: https://brandspurng.com/2026/06/23/mtn-plans-3g-network-shutdown-as-nigeria-accelerates-shift-to-4g-and-5g/

Commenting on the ranking, Managing Director & Co-founder of TTP Limited, Jama Onwubuariri, said:

“Five years ago, Apapa and Tincan were global examples of the cost of inefficiency. Today, they are being recognised among the world’s most improved container ports. That transformation did not happen by chance. It is the result of bold reforms, collaboration across the port ecosystem, and the deployment of technology that has brought transparency, discipline, and predictability to truck and cargo movement.”

“The World Bank ranking validates what stakeholders have experienced on the ground since the introduction of Ètò. More efficient truck scheduling means faster cargo evacuation, improved terminal productivity, lower logistics costs, and a more competitive maritime sector. We are proud that Ètò has played a central role in that journey. As we look ahead, we will continue to innovate and develop intelligent mobility solutions that solve operational challenges not only within ports, but also across trade corridors and border crossings throughout Africa.”

The latest World Bank recognition reinforces the growing impact of digital innovation in Nigeria’s maritime sector and highlights the importance of sustained investment in technology-driven solutions that improve trade efficiency, reduce logistics bottlenecks, and strengthen national competitiveness. For TTP, it also underscores the opportunity to apply lessons learned from the Ètò transformation to other mobility and trade challenges across Africa’s ports, logistics corridors, and border ecosystems.

About TTP Limited

TTP Limited is a Nigerian technology and infrastructure company developing intelligent mobility solutions for ports, logistics corridors, and border ecosystems. Through its flagship Ètò Electronic Call-Up System and related mobility infrastructure, TTP helps governments and private-sector operators improve traffic management, access control, operational efficiency, and trade facilitation across complex logistics environments.

MTN Plans 3G Network Shutdown As Nigeria Accelerates Shift To 4G And 5G

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MTN Group is preparing to phase out parts of its 3G network infrastructure before 2030, signalling a major transition in Africa’s telecommunications landscape as operators increasingly prioritise faster 4G and 5G technologies.

Although no official timetable has been announced for Nigeria, the move by the continent’s largest mobile operator underscores the declining role of 3G services, which for years played a key part in expanding internet access and supporting the growth of the country’s digital economy.

As smartphone adoption rises and demand for faster data services increases, telecom companies across Africa are investing heavily in newer network technologies to improve connectivity and optimise spectrum usage. Brandspur Brand News understands that the gradual retirement of legacy infrastructure is expected to form part of broader industry efforts to modernise mobile services.

Also read: https://brandspurng.com/2026/06/23/the-business-of-influence-davidos-world-cup-campaign-offers-a-new-blueprint-for-pr-reputation-and-nation-branding/

The planned transition could affect millions of users still relying on older devices and networks, prompting operators to encourage migration to 4G-enabled smartphones and services. Industry stakeholders view the shift as necessary to support growing demand for streaming, digital payments, cloud services and emerging technologies that require higher speeds and lower latency.

Third-generation networks helped transform Nigeria from a voice-centric telecom market into one driven by mobile internet usage, laying the foundation for fintech, e-commerce and digital content platforms. However, with consumer behaviour changing and advanced networks becoming more widespread, the relevance of 3G technology continues to diminish.

The eventual phase-out is expected to mirror global telecom trends, with operators focusing investments on technologies capable of supporting future digital growth and expanding broadband access across the continent.

The Business Of Influence: Davido’s World Cup Campaign Offers A New Blueprint For PR, Reputation And Nation Branding

LAGOS, NIGERIA – What began as a performance on one of the world’s
biggest stages has evolved into a global communications phenomenon that
demonstrates the growing power of African storytelling, purpose-driven
advocacy and reputation-led influence.

The Business Of Influence: Davido’s World Cup Campaign Offers A New Blueprint For PR, Reputation And Nation Branding

A newly released Media Intelligence Report by P+ Measurement Services
reveals that Nigerian music icon Davido’s participation during the
FIFA World Cup 2026 generated extraordinary levels of global media
attention, audience engagement and positive sentiment, transforming a
cultural performance into a worldwide conversation about unity, hope,
justice and African influence.

The report analysed media coverage, public conversations and stakeholder
engagement generated between June 10 and June 20, 2026 across print,
online, broadcast and social media platforms worldwide. Beyond measuring
visibility, the analysis examined the broader reputation implications of
the campaign and its impact across traditional media ecosystems, digital
communities and emerging AI-powered discovery environments.

According to the report, Davido generated approximately 1.48 million
media mentions globally within the ten-day reporting period, reaching an
estimated audience of 3.92 billion people and producing 6.78 billion
impressions across media channels. Social conversations exceeded 432,700
discussions while total engagements surpassed 54.3 million interactions,
highlighting one of the most impactful African entertainment-led
communication moments recorded on the global stage in recent years.

The report found that public response to the performance was
overwhelmingly favourable. Positive sentiment accounted for 89 percent
of all measured conversations, while neutral conversations represented
only 2 percent. Negative and strongly negative narratives combined
accounted for less than 1 percent of total discussions, indicating
widespread approval not only of the performance itself but also of the
underlying message embedded within the campaign.

At the centre of the conversation was Davido’s “Bring Them Home”
message, which drew international attention to the plight of abducted
schoolchildren and teachers from Oyo State. Rather than positioning the
performance solely as entertainment, the campaign successfully
integrated advocacy into one of the world’s largest cultural and
sporting platforms.

The report suggests that this strategic combination of entertainment,
social purpose and national storytelling significantly contributed to
the scale and quality of media attention generated globally. In an era
where audiences increasingly reward authenticity and meaningful
narratives, the campaign demonstrated how celebrity influence can be
leveraged to drive conversations that extend beyond music and popular
culture.

One of the most significant findings of the report is the geographic
diversity of the audience reached. While Nigeria remained a major
contributor to conversations surrounding the performance, the United
States emerged as the largest international market by reach, accounting
for approximately 16 percent of global visibility. Nigeria contributed
15 percent, followed by the United Kingdom, Canada, Ghana, South Africa,
France, Brazil, Germany and India.

The presence of conversations across 156 countries underscores the
increasingly global nature of African cultural influence. It also
reinforces the growing capacity of African creatives to shape narratives
that resonate across continents and cultural boundaries.

For Nigeria, the findings provide further evidence that entertainment
continues to function as one of the country’s most powerful soft power
assets. While governments often invest heavily in national branding
campaigns, the report indicates that cultural exports such as music,
film and creative storytelling remain among the most effective vehicles
for shaping international perception and projecting national influence.

The analysis further reveals that social media served as the primary
engine of visibility throughout the reporting period. Social platforms
generated approximately 1.32 million mentions, representing more than 89
percent of total conversations recorded. X, formerly Twitter, accounted
for the largest share of discussions, followed by Instagram, TikTok,
Facebook and YouTube.

The dominance of social media highlights a broader shift in the
communications landscape. Traditional media continues to play an
important role in validating narratives and extending credibility, but
public conversations increasingly originate and gain momentum through
digital communities. For brands, institutions and public figures, this
reinforces the importance of integrating earned media, influencer
engagement and community-driven storytelling within communication
strategies.

Online media also recorded significant performance, generating
approximately 268,000 mentions and reaching an estimated audience of
1.65 billion people. Coverage was amplified by leading international and
regional media organizations including BBC News, CNN, Reuters, Al
Jazeera, The Guardian and several influential African news platforms.

Broadcast media contributed an additional 11,500 mentions with a reach
exceeding 452 million people, while print media generated more than
35,000 mentions and reached over 512 million audiences globally.

The report notes that the strength of this performance lies not merely
in media volume but in media diversity. Visibility was achieved across
multiple platforms, audience segments and geographic regions
simultaneously, creating a highly resilient communication ecosystem
capable of sustaining attention long after the initial event.

Also read: https://brandspurng.com/2026/06/23/lebara-nigeria-launches-lebaraplay-platform-to-power-africas-creative-economy/

Analysis of audience demographics revealed particularly strong
engagement among younger and economically active audiences. Individuals
between the ages of 18 and 34 accounted for nearly 58 percent of all
measured social media engagement, reflecting the growing influence of
youth-driven digital communities in shaping modern reputation outcomes.

From a communications and public relations perspective, the report
identifies the campaign as a compelling case study in strategic
narrative management. Traditionally, major sporting events have been
viewed primarily as sponsorship and visibility opportunities. However,
the Davido World Cup performance illustrates how organizations and
personalities can use globally relevant moments to introduce social
causes, build emotional connection and drive stakeholder engagement
simultaneously.

For communications professionals, the findings reinforce the principle
that visibility alone does not create influence. Influence emerges when
visibility is supported by relevance, purpose and audience resonance.
The campaign’s success demonstrates the effectiveness of aligning
advocacy messages with cultural moments capable of generating
significant public attention.

For the entertainment industry, the report highlights the increasing
importance of purpose-driven storytelling. Audiences are becoming more
responsive to artists and creators who leverage their platforms to
address societal issues while maintaining authenticity. The performance
illustrates how entertainment brands can generate both cultural impact
and reputation value when social purpose is integrated into
communication efforts.

For government institutions and policymakers, the findings offer
important lessons regarding nation branding. The report suggests that
Africa’s creative industries continue to represent one of the
continent’s strongest tools for shaping international perception. As
countries compete for tourism, investment and global relevance, cultural
ambassadors such as musicians, filmmakers and creators are increasingly
becoming key contributors to national reputation.

The report also presents significant implications for the public
relations industry itself. As measurement frameworks evolve beyond
traditional metrics such as impressions and advertising value
equivalency, communications professionals are being challenged to
evaluate influence through more sophisticated indicators including
sentiment quality, audience engagement, narrative ownership, stakeholder
resonance and AI discoverability.

One of the report’s most forward-looking findings concerns performance
within AI-powered information environments. An assessment of leading
generative search and AI discovery platforms found exceptionally strong
visibility for the campaign across ChatGPT, Perplexity AI, Claude AI and
Microsoft Copilot.

Visibility scores ranged from 89 to 92 percent across the evaluated
platforms, indicating strong representation of campaign narratives
within AI-generated responses and emerging search environments.
Associated themes consistently included global impact, unity,
humanitarian advocacy, African culture and Davido’s performance.

This development is particularly significant because reputation
management is entering a new era where discoverability within AI systems
increasingly influences public understanding. As users rely more on
generative AI platforms to access information, organizations must ensure
that their narratives are not only visible in traditional media but also
accurately represented within AI-powered search and discovery
ecosystems.

The report concludes that Davido’s World Cup 2026 performance
represents far more than a successful entertainment event. It stands as
a powerful example of how African talent can shape global conversations,
amplify important social issues and create measurable influence across
interconnected media environments.

More importantly, it demonstrates that purpose-driven storytelling, when
combined with cultural relevance and strategic communications, can
transform a single performance into a global reputation asset.

For PR practitioners, communication strategists, policymakers, marketers
and brand leaders, the campaign offers valuable lessons on the future of
influence. In a media environment increasingly driven by attention
scarcity, algorithmic discovery and AI-generated information, success
will belong to those who can create narratives that are not only seen
but remembered, shared, trusted and discovered.

As Africa continues to strengthen its voice on the global stage, the
findings reinforce a growing reality: the continent is no longer merely
participating in global conversations. It is increasingly helping to
shape them.

As part of its ongoing commitment to advancing evidence-based
communications practice, P+ Measurement Services continues to make
industry intelligence, measurement frameworks and media insights
available to communications professionals, helping organizations move
beyond assumptions and make informed decisions based on data, reputation
intelligence and stakeholder understanding. With more than a decade at
the forefront of media intelligence and communications measurement in
Nigeria, the firm remains committed to strengthening the practice of
public relations through research, accountability and meaningful
evaluation.

ABOUT P+ MEASUREMENT SERVICES

P+ Measurement Services is a leading media intelligence, reputation
analytics and communications measurement consultancy. The firm helps
organizations evaluate communication performance, reputation impact and
stakeholder influence through data-driven insights, strategic
intelligence and globally aligned measurement frameworks.

The company supports brands, government institutions, development
organizations and corporate communications teams with evidence-based
measurement that enables informed decision-making and meaningful
outcomes.

Lebara Nigeria Launches LebaraPlay Platform To Power Africa’s Creative Economy

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Mobile Virtual Network Operator Lebara Nigeria has introduced LebaraPlay, a pioneering digital entertainment platform designed to deliver premium mobile-first content experiences while accelerating the growth of Africa’s creative economy.

The launch marks part of Lebara Nigeria’s expansion strategy following its recent entry into the Nigerian telecommunications market, with the platform positioned as a key driver of engagement, loyalty, and value-added services across its growing subscriber base.

Brandspur Brand News understands that LebaraPlay is accessible to both Lebara subscribers and non-subscribers, offering a diverse catalogue of premium entertainment content including micro-drama series, music, lifestyle programming, and other engaging formats tailored specifically for mobile audiences.

The platform reflects Lebara’s broader ambition to deliver innovative digital experiences that extend beyond traditional telecommunications services, creating an ecosystem where customers can access both connectivity and entertainment through a single provider.

The launch comes as Nigeria’s creative economy continues to expand rapidly, with digital content consumption growing across music, film, and lifestyle categories as smartphone penetration and mobile data adoption increase nationwide.

Lebara Nigeria’s entry into the entertainment space differentiates it from traditional mobile network operators that have primarily focused on voice and data services without significant investment in content distribution platforms.

The mobile-first entertainment experience is designed to appeal to Nigeria’s large and youthful digital audience, with content formats optimised for consumption on smartphones and tablets.

Also read: https://brandspurng.com/2026/06/23/opay-surpasses-firstbank-to-become-nigerias-third-largest-bank-in-just-8-years/

Industry observers note that the integration of entertainment content with telecommunications services represents an emerging trend in Nigeria’s telecom sector, as operators seek to increase customer engagement and create additional revenue streams beyond basic connectivity.

The platform’s accessibility to non-subscribers suggests a user acquisition strategy, potentially converting content consumers into telecommunications customers once they experience the quality and convenience of the platform.

Lebara Play is expected to support the growth of Africa’s creative economy by providing a distribution channel for Nigerian content creators, enabling them to reach wider audiences through a dedicated entertainment platform.

The launch follows Lebara Nigeria’s entry into the country’s Mobile Virtual Network Operator space, where it operates using the network infrastructure of established Nigerian telecom providers while offering its own branded services and value-added offerings.

The platform is expected to strengthen the company’s competitive position in Nigeria’s increasingly crowded telecommunications market, where customer retention and value-added services have become critical differentiators.

OPay Surpasses FirstBank To Become Nigeria’s Third Largest Bank In Just 8 Years

OPay has officially overtaken FirstBank to become the third largest bank in Nigeria, achieving in eight years what took the 132-year-old financial institution over a century to build, marking one of the most dramatic shifts in the country’s banking landscape.

The fintech company, which launched its operations in 2018, has leveraged mobile-first design, speed, and deep understanding of everyday Nigerian financial needs to eclipse a legacy institution that has been a cornerstone of Nigerian banking since 1894.

Brandspur Banking News Desk understands that OPay’s ascent reflects a fundamental shift in Nigerian consumer behaviour, where convenience has become the primary driver of financial services adoption, with customers increasingly prioritising speed and accessibility over institutional history.

The challenger bank’s growth trajectory has been fuelled by its agency banking network, digital payment solutions, and ecosystem approach that allows users to send money, pay bills, and save through a single mobile platform, eliminating the need for physical branch visits.

FirstBank, which built its reputation on trust, infrastructure, and customer relationships accumulated over more than a century, has found its market position challenged by a new generation of consumers who value seamless digital experiences over traditional banking relationships.

Industry observers note that Nigerian consumers are demonstrating that their loyalty lies with convenience rather than brand heritage, with the willingness to switch providers at the moment a faster, simpler alternative becomes available.

OPay’s rise has been supported by substantial investment from Chinese fintech giant Opera, which has enabled aggressive expansion of its agent network and technology infrastructure across Nigeria’s 36 states and the Federal Capital Territory.

The fintech’s success has also been driven by its ability to serve previously underserved segments of the population, providing financial services to Nigerians who were either unbanked or underbanked through traditional channels.

Also read: https://brandspurng.com/2026/06/23/hbm-nigeria-plc-reaffirms-commitment-to-growth-after-1-billion-chinese-acquisition/

The overtaking of FirstBank serves as a warning to remaining legacy banks that historical market position provides no guarantee of continued relevance in an increasingly digital financial services landscape.

Traditional banks have responded with investments in digital transformation, mobile applications, and agency banking models, but OPay’s rapid ascent demonstrates the vulnerability of institutions that rely on historical advantage rather than continuous innovation.

The development has significant implications for Nigeria’s banking sector, with analysts suggesting that the competitive dynamics between legacy banks and fintech challengers will continue to reshape the industry.

FirstBank, which was established during the colonial era and has weathered numerous economic cycles, now faces the challenge of adapting its century-old business model to compete with digitally native competitors that have fundamentally changed consumer expectations for financial services delivery.

The gap between OPay’s launch date and its current position underscores the pace of change in Nigerian financial services, where technology-driven entrants can challenge established institutions in a fraction of the time it took those institutions to build their market positions.

HBM Nigeria Plc Reaffirms Commitment To Growth After $1 Billion Chinese Acquisition

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HBM Nigeria Plc has assured stakeholders that its operations, workforce, customer relationships and long-term investments in Nigeria will remain intact following the completion of a $1 billion acquisition that led to the company’s transition from Lafarge Africa Plc.

The company formally unveiled its new identity in Lagos, marking a major shift in ownership after shareholders approved the change during its 67th Annual General Meeting. The rebranding aligns the cement producer with its new parent company, China-based Huaxin Building Materials, while maintaining its position as one of Nigeria’s leading suppliers of cement and construction materials.

The transition is expected to strengthen international partnerships and support future expansion plans across the country. Brandspur Brand News reports that the company said the change in name represents a new phase focused on efficiency, innovation, sustainability and long-term value creation.

Management said the rebranding process would be implemented gradually across its nationwide operations, with customers, employees, investors and host communities expected to experience uninterrupted services and continued investment. The company also reiterated its commitment to supporting infrastructure development, housing and industrial growth.

Also read: https://brandspurng.com/2026/06/23/fpt-and-green-power-systems-help-boost-algerias-powdered-milk-production/

Board Chairman Gbenga Oyebode expressed confidence that the new corporate identity would enhance shareholder value and reinforce stakeholder trust while preserving the legacy built over decades.

Minister of Works David Umahi praised the company’s contributions to major infrastructure projects nationwide, describing its products as reliable and commending its role in advancing the Federal Government’s development agenda.

Government officials, traditional rulers, business leaders and former board members attended the unveiling ceremony as HBM Nigeria Plc begins the phased rollout of its new identity across all customer and operational platforms.

FPT And Green Power Systems Help Boost Algeria’s Powdered Milk Production

Turin, Italy, June 23rd, 2026

FPT and its distributors Bimotor and Avoni Industrial joined Green Power Systems to power one of North Africa’s largest agro-industrial projects, set to revolutionize powdered milk production in Algeria.

The project, worth $3.5 billion and cofounded by the Algerian National Investment Fund and Qatari dairy producer Baladna Q.P.S.C., involves the construction of one of the world’s
largest integrated dairy farm and powdered milk facility, spanning 117,000 hectares of
agricultural land, and designed to support 270,000 dairy cows.

Located in Algeria’s Adrar province, the agro-industrial facility is scheduled to start production in late 2027. Once fully operational, it expected to produce up to 100,000 tonnes of powdered milk per year, thus meeting about 50% of Algeria’s needs. Being in a Saharan region with temperatures often exceeding 40° C for over 130 days a year, the agricultural land meant to feed the dairy cows is at the center of a huge non-stop irrigation project in which the gensets provided by Green Power Systems and powered by FPT engines play a crucial role.

 

Gensets working in Algeria

In total, Green Power Systems delivered 50 GP330 S/I-A generator sets powered by FPT
CURSOR 13 engines, providing up to 330 kVA and representing the ideal choice for roundthe-clock operation of irrigation systems in extreme conditions.

The FPT-powered Green Power Systems, in fact, support central pivot irrigation systems,
a crop irrigation method in which the equipment rotates around a central pivot and crops are irrigated using sprinklers, thus creating circular irrigated area centered on the pivot. Less labor-intensive and more water-efficient, this irrigation method is particularly effective in large plots of arid land and can rapidly transform them into agriculturally productive zones.

Central pivot irrigation systems
Central pivot irrigation systems

“Green Power Systems’ participation in this project further confirms its role as a reliable
international partner in the supply of power generation solutions for large-scale agro-industrial and infrastructure applications,” says Flavio Faggiolini, Export Area Manager for Green Power Systems. “In projects of this magnitude, power continuity is essential to ensure the proper functioning of the entire infrastructure. The collaboration with FPT Industrial contributed to delivering a solution aligned with the reliability requirements of the operational context.”

“Being part of a such a large-scale project, meant to improve Algeria’s food security and to
create about 5,000 local jobs, is both a great honor and a great responsibility,” adds Vittorio Bertalli, Head of Sales EMEA at FPT. “But we are confident that our CURSOR 13 engines, together with hi-tech Green Power Systems products, will once again live up to the most demanding expectations”.

Also read: https://brandspurng.com/2026/06/23/why-integration-not-innovation-is-the-real-digital-challenge-for-governments/

RELIABLE POWER, ALWAYS AND EVERYWHERE

The CURSOR 13 is designed to deliver robust performance and optimized fuel efficiency for
power generation applications, ranging from unregulated to Stage V / Tier 4 Final emissions
standards. Engineered with an electronically controlled unit injector, it ensures precise power delivery, rapid load response, and consistent fuel optimization under all operational
conditions.

The G-Drive configuration provides a ready-to-integrate solution, while highly regulated
versions incorporate an ATS pack with patented Hi-eSCR2 technology, enabling advanced
emissions reduction without compromising performance. The engine offers 50/60 Hz
frequency switching capability, facilitating inventory management for customers. With an
industry-leading 600-hour service interval, the CURSOR 13 maximizes uptime and
minimizes maintenance requirements.

C13 for Green Power Systems – Technical
specifications
Certification: unregulated
No. of cylinders / valves: 6L / 4
Injection System: ECR
Air handling: TAA
Displacement [liters]: 12.9
Bore x stroke [mm]: 135 x 150

Stand-by Power [kW] @ 1500 rpm: 330
Prime Power [kW] @ 1500 rpm: 300
Stand-by Power [kW] @ 1800 rpm: 360
Prime Power [kW] @ 1800 rpm: 327
Dimensions [L x W x H, mm]: 2281 x 1223 x 1454

Full specifications available on FPT website

FPT is a brand of Iveco Group N.V. (EXM: IVG), dedicated to the design, production, and sale of powertrains and solutions for on- and off-road vehicles, as well as marine and power generation applications. Over 8,000 people across ten production sites and ten R&D centers work for FPT all around the world. Active in nearly 100 different countries, its global sales and its Customer Service department supports all Brand customers. The extensive product offering includes six engine ranges with power outputs from 30 hp to over 1,000 hp, transmissions with torque up to 500 Nm, and front and rear axles from 2.45 to 32 tonne GAW (Gross Axle Weight). FPT offers the most complete line-up of natural gas engines for industrial applications on the market, with power outputs ranging from 50 to 520 hp. A dedicated ePowertrain division is accelerating the path towards net zero-emissions mobility, with electric drivelines, battery packs, and battery management systems. This extensive offering, and its strong focus on R&D, makes FPT a world leader in industrial powertrains and solutions. For more information, visit www.fptindustrial.com.