Sunday, October 19, 2025
29.2 C
Lagos

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

GSM@20: NCC Lists Next Frontiers for Industry Growth, NCC Reaps Award

As stakeholders in Nigeria commemorate 20 years of telecoms revolution in Nigeria, the Nigerian Communications Commission (NCC) has clearly identified key initiatives being implemented to consolidate the growth and gains of the telecom sector.
Executive Vice Chairman of the Commission, Prof. Umar Garba Danbatta, listed the digital frontiers while delivering a paper titled: ‘Telecommunications in Nigeria: The Next Frontier’ at the 20th anniversary of the telecommunications revolution in Nigeria organised recently by Compact Communications Limited, at the Muson Centre, Lagos.
At the event, the Commission received a recognition award “in appreciation of its institutional support to the growth and development of telecoms in Nigeria”. The EVC of NCC also received a separate award “in appreciation of his immense contribution to the growth and sustenance of telecoms development in Nigeria.”
Represented at the forum by NCC’s Director, Public Affairs, Dr. Ikechukwu Adinde, Danbatta said in the last 20 years, the sector has witnessed significant growth in subscribers, internet usage, investment, innovation, contribution to Gross Domestic Product (GDP) and multiplier effects of the growth in other sectors of the economy.
Danbatta stated that in collaboration with relevant stakeholders, NCC is driving new frontiers aimed at ensuring consistent growth of the nation’s digital economy sphere.
According to him, as a foremost telecommunications regulatory agency and consistent with NCC mandate as stipulated in the Nigerian Communications Act (NCA) 2003, and other guiding legislations, the NCC has been at the forefront of leveraging latest technologies and accelerating broadband infrastructure deployment to put Nigeria on the global map of the digital economy experience.
In this regard, he said NCC was working to ensure increased broadband penetration in line with Federal Government’s targets as contained in the Nigerian National Broadband Pan (NNBP), 2020-2025. The NNBP was launched by President Muhammadu Buhari in March 2020.
Danbatta explained that the NNBP has a target to achieve 70 per cent broadband penetration among 90 per cent of the country’s population. The Plan also seeks to achieve broadband speeds of 15Mbp and 25Mbps in rural and urban areas respectively over the next five years.
“The Commission is also driving various initiatives aimed at facilitating the deployment of Fifth Generation (5G) Mobile Technology in Nigeria.
Prof. Danbatta emphasized that a robust broadband infrastructure will play a key role in fast-tracking the effective deployment of 5G technology and facilitate availability of services associated with 5G technology.
“Already, the Commission is set to auction some spectrum slots in 3.5GHz band and we have confirmed 97 per cent readiness for 5G deployment in this regard. This is in line with the marching order given to us by Honourable Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim (Pantami), following approval by the Federal Executive Council to proceed on our 5G Deployment Plan.
The Information Memorandum (IM) for the auction had earlier been shared with stakeholders and we are set to auction the 5G spectrum before the end of the year,” he said.
The NCC Chief Executive also said one of the initiatives being emplaced by the Commission to enhance the attainment of the next frontier for telecom development in Nigeria and the nation’s economic growth, is the ongoing review of licensing structure in the sector. This is to align telecoms licensing process with the wide range of technological advances, convergence of technologies and services shaping global telecoms space.
Danbatta said the Commission has also finalized review of its Spectrum Trading Guidelines (STG). The STG, according to the EVC, allows spectrum resource in-country to be traded on the Secondary Market through Transfer, Sharing or Leasing (TSL) once the stipulated regulatory conditions have been complied with.
Danbatta declared that NNBP 2020-2025 requires that these Guidelines be reviewed to ensure that un-utilised spectrum is fairly traded to facilitate rollout by other operators among others. The Guidelines will, therefore, facilitate the country’s yearning for ubiquitous broadband access in line with the economic agenda of the Federal Government.
As vehicles for implementation of the NNBP, the National Digital Economy Policy and Strategy (2020-2030) and other similar digital economy policies, Danbatta said the NCC has unveiled its Strategic Management Plan (SMP) 2020-2024 and the Strategic Vision Plan (SVP), 2021-2025, which will ultimately drive the next frontier of growth in the telecoms sector. He said the two strategic plans embody critical areas on which the Commission intend to focus toward driving the implementation of the digital economy agenda of the government.
He stated that the two regulatory documents (the SMP and SVP) encapsulate the totality of regulatory and policy initiatives, designed to re-invent and transform the telecom ecosystem, within the context of regulation, to a greater height. He added that this, to the Commission, is the next frontier for the sector. “While emerging technologies are disruptive by nature, Nigeria cannot afford to lag behind digitally and this explains Commission’s engagement with developmental regulations for the industry and we are irrevocably committed to this,” he said.
Other individuals bestowed with recognition awards at the event include Former President Olusegun Obasanjo; and the former EVC/CEO of NCC, Dr. Ernest Ndukwe, both for pioneering the Global System for Mobile Communications (GSM) revolution of 2001. The Zenith Bank also received an award for being at the forefront of leveraging technology for powering financial services delivery. Among the journalists who received awards is a veteran ICT journalist/Publisher, E-World News, Aaron Ukodie.

Hot this week

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Stanbic IBTC Bank, LOXEA BYD forge alliance for Electric Vehicle Financing

In a strategic move to advance Nigeria’s shift toward...

CBN, Bank of Angola Sign MoU on Technical Co-operation at IMF/World Bank Meeting

In an effort to enhance bilateral cooperation and technical...

NBS: Nigeria’s Inflation Falls to 18.02% in September, Lowest Level in Three Years

Nigeria’s headline inflation rate fell for the sixth consecutive...

NUPEMCO Marks 2025 CSW with Nationwide Pension Awareness Activities, Huawei-Supported National Essay competition

The Nigerian University Pension Management Company (NUPEMCO) celebrated the...

Topics

COVID-19: A New Environment for Insurers, Claimants

  By Insurance Specialists at Webber Wentzel After the likely spike...

NCDMB: NOGICD Act Not Weakened by Presidential Orders on Oil Sect

The three Executive Orders issued by President Bola Ahmed...

V Bank Snooker Tournament Set for March 30 in Lagos

The debut edition of the V Bank Open Snookers...

Leadway Assurance Partners AGRA on ‘Pay at Harvest’ Crop Insurance Scheme

In a significant step towards deepening agricultural resilience across...

Sanwo-Olu, Mustapha Set for GOCOP 5th Annual Conference Oct 7

Governor Babajide Sanwo-Olu of Lagos State and Secretary to...

Ecobank MD Affirms Support for Movie Industry

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan says the...

Access Holdings: Facts Behind the Offer Session at NGX

L-R: Morounke Olufemi, Group Chief Financial Officer, Access Holdings...

IWD2023: Unity Bank Unveils Women Network to Promote Advocacy for Gender Equity

  As part of initiatives to mark International Women’s Day,...
Exit mobile version