THISDAY/ARISE Group to Launch Lekeelekee in January, to Shape Future of Social Media

•Checkmating US, China’s dominance in Africa and around the world

Deji Elumoye in Abuja

THISDAY/ARISE Media Group has concluded plans to unveil, in January 2026, Lekeelekee, a new social media platform designed to redefine the future of digital communication and challenge the United States and China’s dominance in African and the global tech space.

Chairman and Editor-in-Chief, THISDAY/ARISE Media Group, Prince Nduka Obaigbena, disclosed the plan at the ongoing 21st All Nigeria Editors Conference (ANEC) in Abuja.

Obaigbena said the move underscored the need for Africa to contribute towards shaping the AI-driven media landscape while promoting innovation, democracy, and national unity.

“If we do not act decisively, others will tell our stories for us — and not always in our favour,” he warned.

Obaigbena, who is co-Chairman of the conference, added, “We are in the age of Artificial Intelligence (AI). It means that your whole financial model of having the algorithms of Google leading to searches for all us, and leading to monetisation of contents is changing.

“AI is changing the format of the search engine and it is going to change how journalism is run. Therefore, as Africans, we are confronted by a world where one or two countries control distribution of contents through social media.

“It is controlled principally by the United States and to an extent by China. What are we doing about it? How are we responding to it? At THISDAY and ARISE Media Group, we have launched our own social media channel, to be released in January, called Lekeleke.

“That will shape the future and challenge the dominance of the US and China. But all of us have a responsibility to watch the AI-dominated future and build technology and algorithms that will affect how media is distributed.

“So, as we gather here today, we should celebrate democracy and we should celebrate Nigeria. We should work together for the sake of Nigeria. “

Speaking earlier, on the theme of the conference, “Democratic Governance and National Cohesion: The Role of Editors,” Obaigbena commended President Bola Tinubu for being the first Nigerian president to host ANEC. He urged editors to support the present administration in order for democracy to continue to thrive in Nigeria.

Obaigbena, however, stressed the need for more engagements between the political leaders and editors so as to sustain the gains of the federal government’s reforms.

He added, “Editors must continue to engage political actors in order to sustain democracy, for the greater good of the country. There are three leaders who were media owners and have had the fortune of leading Nigeria one way or the other.

“The first was Dr. Nnamdi Azikiwe, who was the President of the Federal Republic of Nigeria and Head of State without being Head of Government.

“The second was Chief Obafemi Awolowo, who was the leader of opposition and later Deputy Chairman of the Federal Executive Council under Yakubu Gowon. The third is President Bola Ahmed Tinubu, who is both leader of the government and Head of State. So, we have the fortune of having a media owner as Head of State, who is hosting us today.

“Therefore, it means we have to engage, we have to discuss and we have to understand ourselves. We are at the crossroads of reforms, which has been hard fought. Now we are at the base of stability. We must protect that economic stability with everything we have because if we lose the current stability, we lose the sacrifices of the last two years.

“It therefore means that collectively, we should not allow a US sanction. That is because a US sanction will destabilise the economy and bring us all back to the time before the reforms.

:That means we must engage. We must build a coalition of the will to defeat terrorism, insecurity and defeat poverty. As editors, it is our key role to ensure stability.”

The veteran media executive urged the government to strengthen its partnership with the press, invest in digital literacy, and create a policy environment that would encourage technological innovation, protect free expression, and support the growth of home-grown media enterprises capable of competing globally.

​  

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    Tinubu to Editors: Criticise Govt Policies But Don’t Compromise National Unity

    Tinubu to Editors: Criticise Govt Policies But Don’t Compromise National Unity

    •Identifies irresponsible reporting, misinformation as antidotes to democratic stability 

    •Uzodimma, Idris task editors to safeguard elections, rebuild public trust ahead of 2027 poll 

    •Warn media against narratives that promote distrust, polarization

    •Nigeria must protect current economic stability, says Obaigbena  

    •NGE seeks tax reliefs, low-interest loans to rescue distressed media sector

    Deji Elumoye in Abuja

    President Bola Tinubu, yesterday, told Nigerian Guild of Editors (NGE) to exercise its watchdog role with fairness and patriotism, saying criticism of the government must not be at the expense of national unity or affect the country’s global image.

    Tinubu also told the editors that irresponsible reporting and misinformation could undermine national cohesion and democratic stability.

    Declaring open the ongoing 21st All Nigeria Editors Conference (ANEC), with the theme, “Democratic Governance and National Cohesion: The Role of Editors,” at State House, Abuja, Tinubu declared, “Verification must be your anchor. Balance must be your principle. Criticise government policy, but do so with knowledge and fairness. Let your aim be to help build, not destroy.”

    While stating that dissent was natural in a diverse country, he warned that disagreement must never erode national cohesion.

    He said, “Debate is part of our reality, but disagreement must never translate into weakening national unity. The national interest must be paramount.”

    Tinubu urged editors to remain conscious of how they portrayed Nigeria to the global community.

    According to him: “This is our country. How we project Nigeria to the outside world matters. Let us choose clarity over confusion, responsibility over recklessness, and hope over despair.”

    The president acknowledged the media’s historic role in national awakening and democratic resistance, but cautioned that cynicism and unverified claims now posed significant threats to national unity.

    He recalled the outrage that greeted his early economic reforms in the wake of his administration in 2023, particularly foreign exchange liberalisation and removal of arbitrage, but maintained that the policies were necessary to curb corruption and lay the foundation for long-term economic recovery.

    He stated, “When I assumed office and removed the arbitrage to stop corruption and strengthen the economy, you all dealt with me. But today, we should celebrate that progress is being made. The days of darkness are ending; the economy is on the path to improvement.”

    The president reiterated his government’s commitment to restoring macroeconomic stability, attracting investment, and improving citizens’ well-being, even as the reforms remain demanding.

    Tinubu hailed the Nigerian media’s courage during the military era, honouring journalists who endured intimidation, detention, and hardship in defence of national ideals.

    He said, “Journalism in Nigeria has been more than a profession, it has been an instrument of national awakening. Their sacrifices form part of the foundation upon which our democracy rests.”

    He was, however, quick to remind editors that their decisions shaped national mood and perception, especially in an age where social media had quickened the spread of misinformation.

    Responding to requests by NGE, including value added tax VAT exemptions for media houses, tax credits, affordable loans, digitisation grants, and repeal of laws inhibiting press freedom, the president said the requests had his “endorsement”.

    On national security, Tinubu acknowledged threats from terrorism and banditry, but expressed confidence in ongoing efforts by security forces.

    “We are challenged by terrorism and banditry, but our forces are inspired. They put their lives on the line to defend our sovereignty,” he stated.

    Delivering the keynote address at the occasion, Imo State Governor and Chairman of Progressive Governors’ Forum (PGF), Senator Hope Uzodimma, stressed that editors would not be bystanders in the 2027 elections, but catalysts whose narratives will shape the country’s democratic future.

    Uzodimma said editors wielded immense influence in shaping national perception and they must be accountable for the narratives they promoted, particularly during election seasons.

    “You are not spectators in 2027; you are catalysts. The narratives you shape will determine whether Nigerians see the elections through a tribal lens or a shared national destiny,” he said.

    Uzodimma urged Nigerian editors to take greater responsibility for protecting electoral integrity and restoring public confidence ahead of the 2027 general elections.

    He stated, “If you have a role in democratic governance and national cohesion, you must also assume responsibility for electoral integrity. Without electoral integrity, there can be no democracy.”

    The Imo State governor stated that media coverage of the 2023 elections contributed to public mistrust, with some reports portraying the electoral process as collapsed, based on selective or premature calls.

    He cited the 2023 Edelman Trust Barometer, which found that 49 per cent of Nigerians distrusted the media, describing the trend as “deeply alarming”.

    Uzodimma warned that editorial choices carried consequences, stressing that decisions on what to publish, which voices to prioritise, and how political events are framed directly affect national cohesion, voter confidence, and democratic resilience.

    “When every disagreement is framed as a crisis and every electoral challenge treated as systemic fraud, you feed polarisation and deepen distrust,” he said.

    He called on editors to embrace an “objectivity of responsibility” anchored on accuracy, verification, and context, rather than speed or sensationalism driven by commercial pressure.

    Uzodimma also highlighted positive economic indicators, oversubscription of Nigeria’s Eurobond, a buoyant stock market, and rising investor confidence,  as examples of fact-based reporting that reinforced cohesion without compromising scrutiny.

    “Let 2027 be the year the Nigerian media becomes the architect of a shared democratic future,” he stressed.

    The governor lauded Tinubu’s presence at the conference, describing it as a testament to the media’s strategic role in national development.

    Minister of Information and National Orientation, Mohammed Idris, echoed the commendation of Tinubu’s presence at the conference, and said yesterday was the first time a sitting Nigerian president had attended an NGE conference.

    Idris called it a “profound acknowledgment of the fourth estate”.

    He likened Tinubu’s political journey to the resilience of the Nigerian press, recalling how he resisted federal pressure as Lagos governor.

    “Like the press under military dictatorship, President Tinubu resisted oppression. He understands that an independent media is not a foe of government but the foundation of a lasting democracy,” Idris said.

    He also assured editors that the upcoming modernised tax regime was designed to strengthen infrastructure, education, and healthcare, saying requests for media tax exemptions will be addressed in due course.

    Highlighting the administration’s commitment to press freedom, Idris stated that no broadcast station had been shut down for critical reporting.

    He pointed to UNESCO’s decision to grant Nigeria hosting rights for the global Media and Information Literacy Institute as proof of support.

    He urged editors to act as partners in national renewal through responsible reporting saying, “The best editor is the one who knows what not to publish. Let us tell the Nigerian story with balance, truth, and an unshakable belief in our future.

    “The fourth estate has remained constant. Let it continue to stand strong in defence of the people.”

    In his intervention, Chairman of THISDAY/ ARISE Media Group and Co-chair of the 21st All Nigeria Editors Conference, Nduka Obaigbena, warned that Nigeria risked losing its voice in the global media space due to artificial intelligence and foreign control of digital content.

    According to the immediate past President of Newspaper Proprietors Association of Nigeria (NPAN), “Thirty years ago, on 10th of November 1995, we, editors and publishers, were invited to this presidential Villa by the then head of state, General Sani Abacha. As we sat in one of the conference rooms of the FEC, the soldiers spoke to us and said to us, Ken Saro-Wiwa was executed. That was 30 years ago under military dictatorship.

    “So, 30 years later, we are here celebrating engagement with the president of the Federal Republic of Nigeria. So I thought we must understand why democracy matters, why we must engage, why we must sustain democracy for the greater good of the Federal Republic of Nigeria.”

    Obaigbena also used the opportunity to call for the protection of current economic stability and the gains of reforms to put the country in better stead.

    Earlier, in his welcome address, President of NGE, Eze Anaba, raised concerns about the worsening financial state of the Nigerian media, warning that many media organisations are on the brink of collapse due to soaring operational costs.

    Anaba stated that the price of a ton of newsprint, lasting only a few days, had risen to between N1.3 million and N1.4 million, a trend that had left newsrooms overwhelmed by rising production expenses.

    “The media today is distressed. Many organisations simply cannot pay salaries, not because they are incompetent, but because the cost of production has become prohibitive,” he said.

    Anaba said the inability of media houses to retain journalists threatened democratic accountability.

    “If the media cannot keep journalists employed, it cannot inform citizens; and without an informed citizenry, democracy is weakened,” he added.

    To save the industry, the Guild president proposed 5-10-year corporate tax relief for media companies; VAT exemptions on essential inputs; tax credits for corporations advertising in verified Nigerian outlets; and low-interest loan windows through the Bank of Industry and Development Bank of Nigeria to support equipment upgrades and digital migration.

    He also called for a Media Innovation Fund to support online platforms, data journalism, and multimedia storytelling.

    Anaba stressed that the proposed interventions were not acts of patronage, but safeguards for democracy.

    He said, “When the press thrives, democracy breathes. When the press is stifled, democracy suffocates.”

    He urged the federal government to act swiftly.

    The two-day conference, which continues today at the NAF Conference Centre, Abuja, features panel discussions on law, politics, and the economy.

    ANEC2025, which brought together more than 400 editors across the country’s media space, including print, broadcast and new media, was graced by top government functionaries, among whom were Kogi State Governor Ahmed Ododo, members of the Federal Executive Council (FEC), and officials from various states.

    Co-chaired by Sultan of Sokoto, Alhaji Muhammad Saad Abubakar III and  Obaigbena, the event had former Ogun State Governor, Aremo Segun Osoba; and former Chairman of Niger Delta Development Commission (NDDC), Chief Onyema Ugochukwu, among the lead participants.

    On Thursday, discussions will shift to national security and the evolution of the newsroom, with Gen. Lucky Irabor (rtd.) doing a presentation on “Media, Terrorism, and National Security,” and Professor Abiodun Adeniyi of Baze University addressing, “The Evolving Face of Journalism: Battling Misinformation, AI Disruption, and the Credibility Gap.”

    The event will close with a gala night featuring the induction of new members and the elevation of new Fellows of the Guild, including Dr. Amanze Obi, Casmir Igbokwe, Arinze Azuh, Ephraims Tokan Sheyin, Dr. Sulaiman Sule, and Ken Njoku.

    ​  

    •Identifies irresponsible reporting, misinformation as antidotes to democratic stability  •Uzodimma, Idris task editors to safeguard elections, rebuild public trust ahead of 2027 poll  •Warn media against narratives that promote distrust,

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    IHS Holding Limited Chairman, Sam Darwish, Credits Nigeria for Strong Q3 Earnings

    IHS Holding Limited Chairman, Sam Darwish, Credits Nigeria for Strong Q3 Earnings

    James Emejo in Abuja

    New York Stock Exchange listed IHS Towers, the largest independent owner, operator and developer of shared communications infrastructure in Africa and one of the largest in the world by tower count, has delivered strong third quarter earnings ahead of expectations while revisiting its full 2025 guidance upwards. This is on the back of its strong Nigeria performance where Sam Darwish, Chairman and CEO, tells thousands of Wall Street investors and analysts on its earnings call that “the current Nigerian administration has done in our opinion a great job in stabilizing and improving the economic outlook of the country as they increase reserves and strengthened the currency, while reducing red tape for businesses among other fundamental actions. So, we are upbeat about Nigeria.”.

    In Nigeria, revenue increased 10.6% year-on-year to $268.0 million, driven by organic growth during the period and supplemented by favorable movements in the Naira versus the U.S. dollar.

    Across the Group, revenue for the period increased by 8.3% year-on-year to $455.1 million, despite a 3.0% inorganic revenue headwind resulting from the disposal of the Company’s Kuwait operations in December 2024. Organic revenue growth of 6.6% reflected constant currency growth of 8.7% and the benefit of foreign exchange (“FX”) resets, partially offset by a reduction in revenues linked to power indexation. Constant currency growth was primarily driven by higher contributions from colocation, lease amendments, new sites, fiber, and escalators. This strong underlying performance was further supported by a 4.7% benefit from favorable FX movements, particularly the appreciation of the Nigerian Naira against the U.S. dollar.

    Adjusted EBITDA rose by 6.3% year-on-year to $261.5 million, despite a 3.3% impact from the Kuwait disposal. The Adjusted EBITDA margin of 57.5% remained consistent with the second quarter of 2025, while net income for the period totaled $147.4 million.

    Adjusted Levered Free Cash Flow (ALFCF) surged by 81.2% to $157.8 million, reflecting management actions to enhance free cash flow generation and the re-phasing of interest payments between quarters following the November 2024 bond refinancing. Cash from operations increased by 42.3% to $259.6 million.

    Total capital expenditure rose 16.3% year-on-year to $77.3 million, driven by the timing of maintenance and augmentation projects. The consolidated net leverage ratio improved to 3.3x, down 0.6x from the prior year, comfortably within the Company’s target range of 3.0x to 4.0x.

    Reflecting the strong year-to-date performance and favorable currency movements, the Company has raised its full-year 2025 guidance.

    In Nigeria the Group’s largest operation, organic revenue increased by $12.2 million, an increase of 5.0% year-on-year, driven primarily by foreign exchange resets and escalations, which more than offset a reduction in revenues linked to diesel prices. Continued growth in revenue from Colocation, Lease Amendments and New Sites was partially offset by Churn related to the approximately 1,050 sites MTN Nigeria agreed to vacate as part of the renewed and extended contracts with MTN Nigeria, signed during the third quarter of 2024. The increase in organic revenue was supplemented by favorable movements in foreign exchange rates used to translate the results of foreign operations, with an average Naira rate of N1,523 to $1.00 in the third quarter of 2025 compared to an average rate of N1,601 to $1.00 in the third quarter of 2024. This led to a non-core increase of $13.5 million, or 5.6% year-on-year.

    ​  

    James Emejo in Abuja New York Stock Exchange listed IHS Towers, the largest independent owner, operator and developer of shared communications infrastructure in Africa and one of the largest in

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