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NCC Seeks Partnership with Judiciary to Protect Telecom Infrastructure

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In a bid to further protect telecoms infrastructure in the country, the Nigerian Communications Commission (NCC) has restated its commitment to continue to strengthen collaboration with judicial institutions in Nigeria.

The Executive Vice Chairman (EVC) of the Commission, Prof. Umar Garba Danbatta, gave the assurance during a courtesy visit by a high-powered delegation of the Kano State Judiciary to the chief telecom regulator at the NCC Kano Zonal Office, in Kano, over the weekend.

Addressing the judicial delegation, Danbatta said, while the Commission is doing everything within its regulatory mandate to enforce compliance among licensees as well as collaborating with stakeholders to protect telecom infrastructure, some individuals indulge in willful damage of telecom infrastructure, vandalism, telecoms facility theft, and fibre cuts, among other crimes.

He said these criminal acts conspire to degrade the quality of service (QoS) in the country, and since the NCC has no prosecutorial power, the need to strengthen collaboration with the judicial arm of the government at all levels has become expedient.

“NCC does not have prosecutorial power in criminal acts committed by the citizens and licensees which are inimical to the progress of the sector; and we appreciate the ways and manners such criminal cases are being dispensed by the judiciary. This is a testimony to the kind cooperation NCC has been enjoying from the judiciary,” he observed.

According to Danbatta, the Commission will never fold its arms while unscrupulous citizens cause havoc on telecommunications infrastructure since that affects the quality of service innocent citizens enjoy.

“Therein lies the importance of the judiciary in the work that we have been assigned by the government to do. We very much appreciate this cooperation with the judiciary and we are committed to ensure that the cooperation grows stronger and stronger going forward,” he said.

According to him, the recently-concluded NCC Judges Workshop held in Abuja, was a very important initiative of the Commission to continuously collaborate with members of the judicial arm of government through updating them with the trends and regulatory dynamism of the sector with a view to improving their knowledge for effective dispensation of justice.

Earlier in his address, the Chief Registrar of Kano State High Court of Justice, Abdullahi Ado Bayero, who led the delegation, commended the efforts of Prof. Danbatta and NCC in fast-tracking digital transformation of governance and other sectors of the economy, adding that Judiciary, as a whole, has recognised the necessity and inevitability of digital justice system as well as full integration of ICT-based court system in the administration of justice.

He said this position is well entrenched in the National Judiciary Information Technology Policy (NJITP), 2021 and is consistent with the NCC’s objective and strategic intervention to advance ICT knowledge and training for various public institutions in Nigeria.

“It is in line with the above that the Kano State Judiciary is determined to explore all necessary avenues and opportunities to integrate ICT-based court systems as well as digitised justice delivery systems for efficient and effective administration of justice in the state and we request NCC’s intervention in this regard,” he said.

 

 

VBank Continues Dominance in Sports Development

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The V Shitsuke Flag Football league championship (Season 5) came to a climax recently with the Titans lifting the trophy for the season.

The defending champions, Titans, had defeated (Lagos) Rebels 61 to 41 in a spectacular outing that was every inch a final after nine consecutive Sundays of nine teams going head-to-head.

Title sponsors of the game, VBank, was present to cheer the players and colour the occasion. For the second season in a row, VBank, Nigeria’s digital banking platform and Banking app of the year 2020, has supported the V Shistsuke Flag Football league. For the last one year, the platform, powered by VFD Microfinance bank, has sponsored one sporting event after the other.

Speaking on this, Efeturi Doghudje, Head of Marketing and Corporate Communication, VFD Group said, “VFD as a corporate establishment believes in promoting social cohesion in our local environments and that is why sponsoring sporting activities will remain an attraction for us. In addition to keeping people fit, team sports like flag football encourage more people to bond either by watching and cheering their favourite teams or by playing in the games. The Shitsuke league in particular is doing a great job of making flag football more popular in Nigeria and VBank will continue to support innovations.”

As the Titans cemented a second win that allows them to retain the trophy for another season, individual brilliance was recognized when Odunayo Komolafe and Vivienne John were awarded the Male & Female Most Valuable Player (MVP) plaques respectively for the V Shitsuke Flag Football league Season 5.

Last April, VBank had partnered with Lagos Country Club to host a 2-week snooker & billiards tournament where winners won a total of six hundred thousand naira in cash. Prior to that the digital bank had sponsored its maiden snooker tournament which held at eBar in Lekki, Lagos steadily building its footprints in Nigeria’s sporting scene.

Titans of Tech Awards: Konga, Medallion Shine at 2021 Edition

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Leading technology solutions providers, entrepreneurs and advocates in Nigeria gathered at the 2021 Titans of Tech Hall of Fame Awards in Lagos, weekend to celebrate the best of the best in the nation’s burgeoning ICT industry.

Titans of Tech Hall of Fame Awards is designed to celebrate Hi-tech most important movers and shakers; pioneers, Innovators, men, women, organisations and institutions who blazed the trail and used ICT to improve the way of life in our society. It is a recognition of overall excellence, of unflinching commitment and a lifetime of efforts in the service of ICT, humanity and Nigeria.

The TOT Awards is the authoritative yardstick to measure performance in the West African ICT sector. It is also an avenue to influence policy, network and connect with key industry players.

Infobip Nigeria, a global leader in omnichannel communication emerged as one of the top gainers at the Titans of Tech Awards 2021 as it carted away the prestigious “Outstanding Business Communication Platform Provider of the Year Award.”

Mr. Olatayo Ladipo-Ajai, the firm’s Country Manager was on hand to receive the award. Mr Olatayo is an astute information technology executive with over fifteen years of experience in guiding blue-chip, multinationals and Small-scale businesses in West Africa to acquire cutting-edge technologies and implement new ideas on the path to the future.

He expressed profound appreciation to the organiser of the event noting that the recognition would spit the firm to continue to seek for and deploy the best solutions to have businesses thrive in the country.

Emerging electronic commerce giant, Konga, received the Most Innovative eCommerce Company of the Year Award.

Konga is today a clear leader in the highly competitive Nigerian e-commerce market showing that eCommerce can be profitable. The firm’s omnichannel structure in which it operates both online and offline is one of the advantages that has placed the company upfront and ahead of other players.

The firm has also expanded its reach with its logistic platform Kxpress, established to resolve the perennial challenges of logistics in the industry and indeed the country and KongaPay to ease payment.

Konga was equally conferred with the Hero of COVID-19 Pandemic Award for its high-level emergency readiness and proactive actions during the thick of the pandemic that kept it in business, with both staff and customers interacting safely.

The “Telecom Company of the Year Award” went to Medallion Communications; “Most Innovative Fibre Optics Operator of the Year”, IPNX and the “Most Innovative Cloud Storage Provider of the Year” was Cloud flex.

Other winners included Fibre One for “Most Innovative Internet Service Provider of the Year”; TranterIT, “Outstanding loT Provider of the Year” and ICSL, “Most Innovative Broadband Infrastructure Provider of the Year Award”.

Trefoil Networks carted home the “Most Innovative ICT Solutions Provider the Year”; Cedarview Communications, “Enterprise Solutions Provider of the Year” and TechEconomy, “Most Innovative Digital Media Platform of the Year”.

The top individual award, “Information Security Personality of the Year”, went to Favour Femi-Oyewole, Group Chief Information Security Officer at Access Bank Plc and “Outstanding Humanitarian of the Year” was conferred on Engr. Anthony Onyokoko, Director Civil/New Lines, Nigerian Railway Corporation.

There were also several special awards to recognise individual contributions to the nation’s ICT space. It was tagged Outstanding Contributions to ICT For National Development Award. The recipients included Engr. Ikechukwu Nnamani, Yomi Soyinka, Onochie Amasiani, Aderemi Adejumo, Tinuade Oguntuyi and Martins Amos.

Industry leaders, captains of Industry and the media were on hand to witness the processing. Chris Uwaje, Oracle of the IT Industry, Engr. Ikechukwu Nnamani, President, Association of Telecommunications Companies of Nigeria (ATCON), Amos Emmanual, Chairman, Information Technology Association of Nigeria (ITAN), Lagos chapter and founder Innovationbed Africa, Lare Ayoola, Founder, TranterIT Group, Wale Kalejaiye, CEO, Impulse Technologies, Onochei Amasiani, CEO Trefoil Networks, Wale Owoeye, CEO, Cedarview Communications, Engr. Anthony Onyokoko, Director new lines, Nigeria Railway Corporation, Martins Amos, President, CoopEast, Ministry of Commerce, Rivers State Government, Olatayo Ladipo-Ajai, Country Manager, Infobip Nigeria, Favour Femi Oyewole, Group head, Information Security department, Access Bank PLC, and Hon. Dele Fasan, representative from the Lagos State government among others.

 

PenCom to Test Run Automated Enrolment Scheme Aug 2

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         Introducing the Enrolment Application

The National Pension Commission (PenCom) has developed an online application which will automate the Annual Pre-Retirement Verification and Enrolment Exercise. The Application has the capabilities to register, verify and enrol prospective retirees of Treasury-funded Federal Government MDAs.  Accordingly, the online Enrolment Application would be hosted on PenCom website www.pencom.gov.ng

Pilot Run on the Enrolment Application

As a prelude to the formal deployment of the online Enrolment Application, PenCom would commence a Pilot Run of the exercise from 2nd to 20th August 2021 with selected MDAs in the six Geo-Political Zones and the Federal Capital Territory (FCT) in order to test-run the application with real-time data.

The application would GO-LIVE after the conclusion of the pilot run on a date to be announced by PenCom in due course.

Pre-Requisite for Enrolment

Affected retirees/prospective retirees are required to undergo the data recapturing exercise with their respective Pension Fund Administrators (PFAs) as this is a pre-requisite for the online Enrolment. This entails updating their personal details and providing their National Identification Number (NIN).  However, retirees/prospective retirees who have already undergone the data recapture excercise with their PFAs are not required to repeat the exercise.

What Is The Future of Real Estate in Nigeria?

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By Dennis Isong
Within the last decade, a significant number of buildings have sprung up in Nigeria especially in the areas of Lagos, Abuja, Port Harcourt, and Ogun states. Property investments have heightened with the increase in economic development around the country. And thanks to the increasing population, there are still property gaps yet to be filled. However, certain concerns are beleaguering real estate investments in Nigeria, an entity still considered a developing country. These problems range from untamed inflation to political uncertainties. What then is the outlook of real estate investment in Nigeria despite these challenges? This is extensively discussed below.
• Nigeria Remains A Fertile Ground For Real Estate Investments – Property Gaps Yet Unfilled
Nigeria is a middle-income country with over 200 billion citizens. Not only is the country the most populous black nation, but it also has the biggest economy with an estimated gross domestic product (GDP) figure at $514.076 billion (2021). Real Estate investment is one of the easiest means its citizens get to partake in this wide economy.
The population has increased the need for improved properties. Personal preferences which are inclined to technological advances are yet to be met. Due to changes in traditional living conditions, youths look onto developers for residential buildings that meet their likings; citizens prefer apartments with modern adaptation to modern security frameworks. Locations near university sites are the markets with an insistent need for safe housing units. Students prefer safe and secured housing options near their institutions or at least a major business district. This is however yet to be actualized.
There are also gaps left unbridged in the office and retail property markets. Demands for luxurious office buildings have motivated developers toward developing state-of-the-art structures in business districts. The challenge of securing rights to properties in busily astir locations is certainly a restraint. However, there are other strategic business locations with no presence of property investments.
• The Influence of Bureaucracy and Technological Deprivation
The real estate industry in Nigeria might be flourishing due to the increased need for properties. However, the future looks cold considering the bureaucratic challenges prominent of which is the restrained participation of foreigners in the industry. Foreigners’ participation in real estate in Nigeria is discussed under a separate subsection below. Limiting their participation, locals are faced with difficulty in getting the necessary documents and documentations to start property investment. The financial capability to fulfill the required registration might not be available for most people.
Aside from the challenges of government approval, technology is yet to be fully utilized in the real estate industry. Unlike similar industries internationally which are powered by technology during purchase, management, and leasing, the Nigerian real estate market is outweighed by drawbacks hampering an effective use of technology. One such drawback is the poor supply of electricity. The few regions in the country where power supply is fairly available have the active presence of real estate investments. Given the global inclusion of technology in the property sector, the growth of the real estate industry in Nigeria hinges on overcoming barriers to technological strides. And once these challenges are overwhelmed, then will the future of real estate in Nigeria become more promising to accommodate many.
• Foreigners Participation in Nigeria’s Real Estate Industry

Citizens have the right to invest in a country, and so are foreigners. However, there are restrictions to the business participation of foreign individuals and firms by some countries. One such country is Nigeria. In Nigeria, investors have to wade across stiff rules to meet eligibility. One of such rules is the Acquisition of Lands by Alien Laws, ALAL, of each thirty-six states of the country and the Federal Capital Territory, Abuja.
The law regulates the possession of landed property by foreign entities classified as ‘aliens’. These aliens are persons who are not native of Nigeria or corporate entities whose stakes are not majorly owned by Nigerians. Foreigners under this law have rights to landed properties but not without the approval of the governor of such state where the property lies. This consent which must be in written form precedes a statuary fee charged by the state.
By this law, a foreigner is only permitted to own and develop upon the land for a maximum term of 25 years. There’s however a clause allowing Governors to adjust the terms. Summarily, as a foreigner, the procedure towards having an ownership right to real estate in Nigeria involves foremostly obtaining the lease documents, as the Governor only grants rights to lands for a duration under his discretion rather than an outright sale. After payments, the consent of the governor should be sought after through the state government’s land management department. The burden of going through all documentation greatly hinders foreigners’ participation in the country’s real estate industry.
• The Influence of Inflation and Political Uncertainty in Nigeria’s Real Estate Industry
The rapid increase in prices of goods and services is known as inflation. In Nigeria, the struggles brought about by the inflating economy are very apparent. Individuals, government, and corporate bodies groan daily of their inability to meet costs. As of May 2021, the Nigerian Bureau of Statistics estimates Nigeria’s inflation rate at 17.93%. Prices of properties are not immune to these changes; they obey market conditions but to the benefit of investors. Given that in Nigeria the value of the real estate increases regularly, investing in them today generates wealth for the future.
Another influence on real estate investment in the country is the political environment. However, its negative influence in the industry is minimal compared to other facets of the economy. Recently, there have been agitations for regional Independence. If the motive of these agitations peradventure comes into fruition and the country has a need to divide, foreigners are entitled to see out the term of their property agreement. If the right to an acquired property is trampled upon, redress can be sought at a competent international court.
• Final Word
Like most countries of the world, Nigeria has been faced with challenges ranging from insecurity and economic downturn to political agitations. The effect very much is noticeable in the real estate industry. There have been occasional ups and downs, and as with businesses, gains have been reaped during these periods.
With technological advances expected in the industry hopefully in the near future, various subsectors of it would be harnessed. And with the full harness of them, the margin of gains from the industry will only be on the increase.

Dennis Isong Helps Individuals Invest Right In Real Estate.For Questions On This Article Or Enquiring About Real Estate Email: [email protected] or Whatsapp/Call +2348164741041

Oriental Energy Resources Names Mustafa Indimi as New MD

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Mustafa Indimi has been appointed the new Managing Director of Oriental Energy Resources Limited, a leading indigenous oil exploration and production company in Nigeria. Mustafa takes over from Mr. Ignatius Ifelayo who served the company meritoriously for seven years.
Prior to the new appointment, Mustafa was the Executive Director (Technical) and a member of the company’s Board of Directors. He brings with him an in-depth knowledge of the business and he is well-positioned to drive the company forward.
A master’s degree holder in petroleum production engineering from Robert Gordon University Aberdeen, Mustafa has an impressive track record of leading teams to deliver outstanding performance and results.
On his new challenge, Mustafa commented: “It is an exceptional privilege to be appointed as Managing Director at a time that provides great opportunity to take the company to new heights. I am looking forward to working with the Board, Management and Staff to strengthen and grow the company by building on the solid foundation to generate significant value for all stakeholders.”
“Underpinning everything is my commitment to the company’s vison to set the standards that all other E&P companies in the Nigerian oil and gas industry will be compared against.’’

About Oriental Energy Resources
Oriental Energy Resources Limited is an indigenous oil exploration and production company founded in 1990 by Alhaji (Dr.) Muhammadu Indimi, OFR. It operates two marginal fields in offshore Akwa Ibom, Ebok (OML 67) and Okwok (OML 67), as well as one oil mining lease OML 115.

CBN Plans Digital Currency by October 1, 2021

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The Central Bank of Nigeria (CBN) will unveil its digital currency on October 1, 2021 under the code name ‘Project GIANT.’
Mr. Godwin Emefiele, Governor, Central Bank of Nigeria, had earlier promised to deliver a digital currency to the Nigerian financial system.
Emefiele says the initiative will target remittance management, financial inclusion, revenue collection, payment efficiency and also ensure effective monetary policy management etc.

5 Top Reasons to Attend Titans of Tech 2021

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The Titans of Tech 2021 is scheduled to hold this Friday, July 23, 2021, at the prestigious Oriental Hotel, Lekki express way, Lagos.
The epoch event seeks to explore how and where technology can make a difference and seeks to celebrate the leading ICT drivers. The event has three main parts, Exhibition, Seminal RoundTable and the Technology Awards.
If you are in Lagos or plan to be in Lagos on Friday, there is no better place to be – Attend the Titans of Tech Conference and Awards.
In case you need further persuasion, here are 5 Reasons to Attend the Titans of Tech Conference and Award:

• Exhibition
The exhibition which will open to the public from 2pm will feature leading players in the Nigerian ICT space. Infobip Nigeria, a global leader in omnichannel communication, has a premium stand at the exhibition. check out the range of amazing products. There is also Information Connectivity Solutions Limited (ICSL) leading provider of premium broadband network infrastructure and connectivity solution and fibreOne leading Internet service providers, and Konga.com is Nigeria’s largest online mall, among others

• The Roundtable
The Roundtable is a platform for important players in the Nigerian technology community to discuss steps to build a better society and improve citizens’ quality of life. The goal today is to reimagine how technology can benefit Nigerians and steps to a more productive environment, involved citizenry and sustainable future.
The Theme: “Harnessing the Potential of AI, IoTs for Transformation of the Digital Economy” is timely. Confirmed speakers include Engineer Ikechukwu Nnamani, President, Association of Telecommunication Companies of Nigeria (ATCON), a professional, non-profit, non-political umbrella organisation of telecommunications companies in Nigeria and Founder/CEO, Medallion Communications Limited, interconnect clearinghouse and Co-location Data service Company.
Mr. Lare Ayoola, Executive Chairman, IoT Africa Networks, the foremost provider of Internet of Things solutions in the continent. Mr. Ayoola is a legend in the Nigerian technology services provision space with over three decades of practical and hands-on experience.
Aderemi Adejumo, CEO, Cloudflex has over three decades experience in Technology, having worked in the United Kingdom, France, Belgium and Switzerland before moving back to Nigeria. He has extensive experience having worked in a number of blue chip companies, namely; NatWest Group, Citibank, UBS AG, Carrefour, IBM and Compaq.
Mr. Olatayo Ladipo-Ajai, Country Manager, Infobip Nigeria. He is an astute information technology executive with over fifteen years of experience in guiding blue-chip, multinationals and Small-scale businesses in West Africa to acquire cutting-edge technologies and implement new ideas on the path to the future.
Tinuade Oguntuyi is the Head, Core Networks and Solutions, Information Connectivity Solutions Limited. (ICSL). She is a pragmatic project manager who has built formidable capacity in ISP and telecommunications sector and has creatively curated unique technical solutions and designs for indigenous and global institutions in diverse industries-Finance, Oil and Gas, Energy Education, Tech Hubs and Government.
The Roundtable will be moderated by the delectable Louisa Olaniyi.

• Red Carpet
Traditionally, a red carpet is used to mark the route taken by heads of state on ceremonial and formal occasions, and has in recent decades been extended to use by VIPs and celebrities at formal events.

The Titans of Tech Hall of Fame Awards is popularly called Nigeria’s Tech Industry Grammy. The red carpet would be an opportunity to hobnob, network and take sparkling photos.

• Awards
The Titans of Tech is about recognition and celebration. Yes, it is a platform to celebrate Nigeria’s Hi-Tech most important movers and shakers; Organisations, Institutions, Revolutionaries, Icons, Pathfinders and Pioneers who blazed the trail and used ICT to improve the way of life in our society. The Day’s winners will cart away truly eye-catching award plaques.

• Entertainment
There will be plenty to laugh about, clap each other shoulders and top performers would be on hand to make the guests feel both at home and among friends and colleagues.

You don’t want to miss this.

See you!

Igboho & Kanu: What Impact on Economy?

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The arrest of Yoruba activist, Sunday Igboho in neighbouring Cotonou, Benin Republic has heightened the already existing socio-economic tension in the country, not just in the South-West geo-political zone.
And this is coming on the heel of similar arrest of Mazi Nnamdi Kanu, the IPOB Leader allegedly in Kenya some days back.
While many analysts are not yet sure of the magnitude of such arrests on the economy, an economist who craved anonymity due to the security implication of the situation, painted a gloomy effect on the nation’s economic landscape.
“Of course, the Federal Government has succeeded in capturing both Igboho and Kanu but the truth remains that Nigeria does not need such ethnic tension at this time when the security situation nationwide has already driven the economy into high inflation and uncertainty. I just hope that Buhari will handle the situation diplomatically to avoid more damage to the economic well-being of the country.”

African ICT Foundation, UNESCO Partner on Internet Governance Forum

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Mr. Tony Ojobo
President
African ICT Foundation

The African ICT Foundation is partnering with the UNESCO to host a stakeholders’ engagement for the advancement of evidence-based policy making of Internet governance
The virtual even, which holds Thursday, July 29th is the first of the Foundation’s partnership with global organizations across to the world to deepened internet penetration in Africa.
The event which is jointly organised by UNESCO Headquarters and the African ICT Foundation, seeks to engage in an extensive partnership with the West African Internet Governance Forum community via the newly launched Dynamic Coalition of IUIs, so as to join forces for advancing evidence-based policy making of Internet governance and fostering digital collaboration in line with UN SG’s roadmap of digital cooperation.
The discussion at the forum will focus on Advancing digital transformation in the West Africa Sub-Region via applying UNESCO’s Internet Universality ROAM Principles and Indicators.
The President of the African ICT Foundation, Mr. Tony Ojobo and the Director for Partnership and Operational Programme Monitoring, UNESCO, Marielza Oliveira will give the opening remark at the event that will be moderated by the West Africa Regional Director at the Foundation, Dr Kossi Amessinou and with the Executive Secretary, Mr. Bassey Emmanuel and the Benin Focal Point Director, Nazaire Hounghihin as rapporteur.s
A statement from the Foundation’s Secretariat, in Lagos South West Nigeria, issued by the Director of Communication, Mr. Isaiah Erhiawarien stated that Internet governance-related issues will be addressed and covered during the session.
According to the statement, the Forum will allow national leading experts from West African Sub-Region countries to present their national assessment projects using Internet Universality Indicators and foster further engagement with West African IGF communities and stakeholders.
UNESCO while inviting stakeholders in the region to join and participate in its newly launched Dynamic Coalition on Internet Universality Indicators, said that the Forum will hold panel discussion with emphasis on knowledge-sharing as well as an interactive session whereby the moderator will allow very short statements from speakers to trigger discussions.
The line-up for the panel discussion are: Chair of Information for All Programme, Ghana, Dorothy Gordon; UNESCO Officer in Dakar, Senegal, Elvis Michel Kenmoe, Benin; Alain Kiyindou, Université Bordeaux Montaigne, Niger and Intelligent User lnterfaces Research team leader, Development House, Ghana, Simon-Peter Kafui Aheto.

NCC: Inside the N150bn Spectrum Haul in 5 Months

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The Nigerian Communications Commission (NCC) has exceeded its N36 billion projected revenue from spectrum license fees for 2021, having recorded over N150 billion from this revenue source within the five months of the year.
The figure represents over 400 per cent increase in revenue budget performance in respect of spectrum fees generated by the Commission between January 1 and May 31, 2021, reflecting significant contribution to the revenue drive of the Federal Government.
Accordingly, the N150 billion spectrum revenue achieved in the first half of the year has been remitted to the Federal Government in line with the provisions of the Nigerian Communications Act (NCA), 2003, which mandates the Commission to remit proceeds from spectrum resources wholly into the government’s Consolidated Revenue Fund (CRF).
The Commission, in its 2021 Budget which was considered and approved by both chambers of the National Assembly in December, 2020, projected a revenue of N36 billion from spectrum fee for the year 2021 but has remarkably surpassed this estimate.
Over the years, the NCC has put in place an effective regulatory regime which has significantly facilitated advancements in the nation’s telecoms industry, boosted Gross Domestic Product (GDP), and improved the operations of licensees as well as boosted Federal Government’s revenue generation.
Commenting on the revenue performance, the Executive Vice Chairman of the Commission, Prof. Umar Garba Danbatta, said that the impressive uptick in spectrum fee was the result of the favourable turn of events for the telecom sector, which at the time of preparing the estimates for the 2021 Budget of the Commission was not clear due to the ravaging impact of COVID-19 on the global economy.
Danbatta noted that the 10-year spectrum fees made by some of the major operators directly impacted the projected spectrum fee favourably, adding that the Commission believes that enthronement of effective regulation will continue to improve the general performance of the telecoms sector.
On October 28, 2020, Danbatta told members of House Committee on Telecommunications while on an oversight function to the Commission that the NCC had generated and remitted N344.71 billion to the Federal Government’s CRF in the last five years.
During the oversight visit, the Chairman of the Committee, Hon. Akeem Adeyemi, commended NCC’s Management for the feat and urged the Commission “to sustain its regime of effective regulation of the telecoms sector in a manner that would be more mutually beneficial to the industry stakeholders, including the consumers of the telecoms services, the operators and the Nigerian government.”

NCC: Airtel Mobile Operating License Not Renewed Yet

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Segun Ogunsanya
Managing Director/CEO
Airtel Nigeria

The Nigerian Communications Commission (NCC) says the mobile operating license of Airtel Nigeria has not been renewed for another period of 10 years contrary to a statement credited to Mr. Segun Ogunsanya, the Managing Director/CEO of Airtel Nigeria to that effect.
Dr. Ikechukwu Adinde, Director, Public Affairs of NCC said in a statement that “while Airtel Nigeria has applied for the renewal of the Universal Access and Service (UASL) License granted to it by the Commission, the application is yet to be approved as it is still undergoing required regulatory process.”
Adinde made it clear that the Commission had to issue the response for the guidance of its stakeholders.
Ogunsanya was alleged to have claimed renewal of Airtel Nigeria’s license in Lagos on Wednesday, July 14, 2021 during the media launch of the mobile operator’s Corporate Social Responsibility (CSR) programme, ‘Touching Lives 6.’

NDIC, Senate Committee Retreat on Financial System Stability

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L –R: Chairman, Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Uba Sani and Managing Director/CE NDIC, Bello Hassan during the 2021 Senate Retreat with the Theme: “Financial System Stability: A Panacea for Sustainable Economic Growth and Development – The Role of NDIC” in Kaduna over the weekend.

Ecobank: Rapidtransfer Now Free to Celebrate Nigerians In The Diaspora

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In commemoration of this year’s National Diaspora Day event, Ecobank Nigeria is joining the rest of the country to celebrate Nigerians in the diaspora by making transactions on its proprietary money transfer app, Rapidtransfer, free of charge.
The Federal Government has set aside July 25 of every year as the National Diaspora Day in recognition of the contributions of Nigerians living outside the country towards the development of their homeland.
In a commemorative message, Managing Director, Ecobank Nigeria, Patrick Akinwuntan stated that Nigerians in the diaspora contribute significantly to the socio-economic development of the country. Mr. Akinwuntan lauded the decision of the Federal Government to set aside a special day every year as the National Diaspora Day, adding that the recent launch of the National Diaspora Policy (NDP) by the government would further promote and harness the resources and capacity of Nigerians in the diaspora towards national development.
“As a pan-African institution positioned to foster the economic growth and integration of our continent, we are particularly pleased to work closely with NiDCOM, ably led by the Chairman/CEO, Hon Abike Dabiri-Erewa towards the engagement of Nigerians in the diaspora on policies, projects and other initiatives geared at developing the nation. From our constant engagement with Nigerians in the Diaspora, we understand their peculiar needs and have created tailor-made solutions to serve them effectively.”
He noted further that Ecobank has partnered NiDCOM on webinars, diaspora quarterly lecture series and will continue to seek other collaboration opportunities to deepen engagement with the diaspora community.
Also speaking, Korede Demola-Adeniyi, Head, Consumer Banking, Ecobank Nigeria said Ecobank will apply zero fees to all Rapidtransfer transactions from 1st July till the end of October, 2021, thereby enabling Nigerians living abroad to send money to their loved ones affordably.
According to her, the decision to waive charges underscores the bank’s commitment to helping Nigerians abroad remit money home without placing an additional burden of charges on them, especially at this period of global economic downturn.
Rapidtransfer is Ecobank’s proprietary money transfer service which enables users send funds across borders, affordably and instantly. The Rapidtransfer app is available for use by Ecobank and non-Ecobank customers.
Remittances can be received directly into the recipient’s account or as cash at any Ecobank branch. Beneficiaries who wish to receive funds into an account but do not have domiciliary accounts have the opportunity to open in Euro, GBP or USD instantly and enjoy all the benefits that come with Ecobank foreign currency accounts.
In addition, N5 is paid on every one dollar received as cash or direct to account in line with the Central Bank of Nigeria’s ongoing Naira for Dollar initiative.

About Ecobank Nigeria Limited
Ecobank Nigeria Ltd. is a subsidiary of the Ecobank Group, the leading pan-African banking group with operations in 33 African countries and presence in four other locations (London, Paris, Beijing and Dubai). Ecobank Nigeria is a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organisations, medium, small and micro businesses and individuals. Ecobank is a major player in the distribution of financial services in Nigeria to various segments, leveraging digital channels and an expansive agency network of more than 30, 000 Xpress Points.