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MTN negotiates buyout of IHS Towers in $2.76bn deal

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MTN Group, Africa’s largest mobile network operator, is in advanced talks to acquire the remaining 75 per cent stake in IHS Towers, a deal that could value the tower infrastructure firm at about $2.76bn.

Reuters reported on Thursday that the telco was negotiating to purchase the 75 per cent stake in IHS Holdings that it does not currently own.

“Based on the company’s latest closing price on the New York Stock Exchange, the potential transaction values IHS at approximately $2.76bn”, the publication said.

MTN’s roughly 25 per cent holding in IHS Towers stems from its 2014 tower sale deal, when the operator sold most of its tower assets across several African markets to IHS as part of a landmark infrastructure transaction.

“The renewal of the various contracts across our markets into the next decade put MTN operations in the respective markets onto a more sustainable footing.

“We remain focused on ensuring our networks are well invested, have high availability, and have the headroom to meet the growing and structural demand for data going into the future.

“These renewals are key to those priorities. We look forward to working constructively with IHS on the outstanding governance issues now that commercial arrangements have been concluded”, MTN Group President and Chief Executive Officer Ralph Mupita had said in a 2024 statement.

The telco, which relies heavily on IHS for tower infrastructure across key markets, including Nigeria, said any offer would be aligned with IHS’s most recent market valuation. It added that discussions remain ongoing and that no binding agreement has been reached.

IHS Holdings, which is listed in both New York and Frankfurt, saw its US-listed shares close lower on Wednesday, giving the group a market capitalisation of about $2.76bn, according to market data.

If completed, the acquisition would mark a strategic shift for MTN, allowing it to exert greater control over assets that are central to the operation and expansion of its mobile networks.

Greater ownership of tower infrastructure could also help MTN manage costs, improve network efficiency, and reduce its reliance on third-party providers over the long term.

MTN said that if the negotiations do not result in a deal, it would consider other ways to unlock value from its existing shareholding in IHS while staying within its capital allocation framework.

Both companies, which are present in Nigeria, have maintained a long-standing commercial relationship, with MTN serving as IHS’s largest customer across several African markets.

MTN is also one of IHS Towers’ significant shareholders, underlining the strategic importance of the talks for both parties.

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League of Imams and Alfas in Yoruba says Ramadan begins February 18

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The League of Imams and Alfas in Yorubaland has officially announced that the holy month of Ramadan 1447 AH will begin on Wednesday, February 18, 2026, marking the start of the annual period of fasting, prayer, and spiritual reflection for Muslims across Southwest Nigeria.

In a communique released following a meeting in Bodija, Ibadan, on Thursday, February 5, 2026, the Grand Mufti of Yorubaland, Sheikh AbdulRasaq AbdulAzeez Ishola, declared the decision based on precise astronomical calculations and longstanding international Islamic resolutions on unifying the Hijri calendar.

The statement highlighted that the astronomical conjunction (new moon) for Ramadan will occur at 12:01 PM UTC on Tuesday, February 17, 2026—corresponding to 1:01 PM local Nigerian time—on the 29th of Sha’ban 1447 AH. This timing makes sighting the crescent moon impossible on the evening of February 17, confirming Wednesday, February 18, as the first day of fasting.

The announcement draws on key historical precedents, including resolutions from the Unified Hijri Calendar Committee session in Istanbul (November 27-30, 1978), the International Fiqh Council, scholarly symposia in Paris (2012), and the major International Conference on the Unification of the Hijri Calendar in Istanbul (2016), attended by representatives from over 90 countries.

Emphasising unity, the communique quoted the Qur’an (3:103): “And hold firmly to the rope of Allah all together and do not become divided.” It urged Muslims to strengthen brotherhood, perfect their fasting, prayers, charity, and good deeds, and seek Allah’s acceptance of their worship during the blessed month.

The declaration aligns with several Nigerian media reports and astronomical expectations for the region, where Ramadan 2026 is widely anticipated to commence on February 18 (with Tarawih prayers potentially beginning the evening before). While national moon-sighting efforts led by the Sultan of Sokoto continue, the League’s methodology—combining science and established fiqh principles—provides clarity for Yoruba Muslim communities in states like Oyo, Lagos, Ogun, Osun, Ondo, and Ekiti.

As the current date stands on February 6, 2026, preparations are intensifying: markets are stocking dates, prayer mats, and provisions; mosques are scheduling increased Taraweeh recitations; and families are renewing intentions for a month of mercy, forgiveness, and community support.

The League called on all Muslims to hold fast to faith and unity, praying that Allah makes this Ramadan a source of immense blessings. Insha Allah, the fast begins in just 12 days.

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Lagos to enforce mandatory waste sorting at source

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In a bold move to revolutionize waste management and harness the economic potential hidden in trash, the Lagos State Government has announced plans to make waste sorting at source compulsory for all residents and businesses.

This development was revealed by Dr. Muyiwa Gbadegesin, the Managing Director and Chief Executive Officer of the Lagos Waste Management Authority (LAWMA), during his appearance on “The Conversation,” a popular programme aired on Lagos Television (LTV) on Tuesday.

Dr. Gbadegesin emphasized that the initiative aligns with international best practices and will be reinforced by an ongoing review of the state’s legal framework. This review aims to establish robust regulations mandating the separation of waste right at the point of generation, transforming how Lagosians handle their refuse.

“No longer will waste be seen merely as a burden to dispose of; instead, it will be viewed as a valuable economic resource,” Dr. Gbadegesin stated. He highlighted the state’s commitment to advancing its waste-to-wealth agenda, with a strong focus on recycling and material recovery to drive a more efficient and sustainable system.

The policy shift supports Governor Babajide Sanwo-Olu’s vision of moving away from reliance on landfills towards a model centered on recovery and recycling. This is expected to ease the strain on existing landfills, foster circular economy principles, and attract private investments into recycling facilities across the state.

To bolster service delivery, the government is exploring ways to aid Private Sector Participation (PSP) operators, including facilitating access to new compactor trucks. Recognizing the high capital demands of waste collection, this support is crucial for enhancing operational efficiency.

On the flip side, Dr. Gbadegesin warned of strict accountability measures. He disclosed that 22 underperforming PSP operators face sanctions after multiple warnings and performance evaluations. This comes on the heels of last year’s action where 27 operators were sacked for failing to meet standards.

As earlier reported by NaijaChoice News, LAWMA has been pushing for better waste practices, including calls for residents to avoid littering and adopt disciplined habits to keep Lagos clean. Dr. Gbadegesin reiterated that the success of this mandatory sorting hinges on effective regulations, upgraded infrastructure, active private sector involvement, and, most importantly, responsible behavior from citizens.

“Waste sorting at source is the cornerstone of building a cleaner, healthier, and more resilient Lagos,” he added, urging Lagosians to embrace the change for the greater good.

Environmental experts have lauded the move, noting that proper waste segregation could significantly reduce environmental pollution, create jobs in the recycling sector, and contribute to Nigeria’s broader sustainability goals. With Lagos generating over 13,000 tons of waste daily, this policy could set a precedent for other states in the federation.

The Lagos State Government, through hashtags like #AGreaterLagosRising, continues to promote initiatives that enhance urban living and economic growth.

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