Wednesday, April 29, 2026
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Business

P+ Beats Three Agencies to Win NSIA Media Intelligence Business

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Guinness Nigeria Sweeps 7th Edition of The Industry Awards, Named Most Outstanding Company in Sustainability

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Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

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Nationwide Voting Platform Empowers Consumers to Rate Brands, Public Institutions Based on Real Value, Trust, Service Delivery

  https://consumervalue.vercel.app/nominate In a bold step to deepen consumer voice and...

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

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

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NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

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Insurance

Mutual Benefits Pays ₦13.6bn Claims in Q1 2026, Reinforcing Trust in Insurance

Mutual Benefits Assurance Plc has announced the payment of...

Mutual Benefits Customer to Nigerians: Embrace Insurance Because it Works

A customer of Mutual Benefits Assurance Plc, Mr. Abdelhamid...

NIA to Honour Past Governing Council Members

The Nigerian Insurers Association (NIA) is pleased to announce...

Nigeria Hosts 1st ECOWAS Brown Card Zonal Meeting 2026 in Lagos

‎The Commissioner for Insurance, National Insurance Commission, Mr. Olusegun...

Heirs Insurance Group, United Capital Partner on Self-Care, Wealth Event for Ambitious Women

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, and United...

Business

P+ Beats Three Agencies to Win NSIA Media Intelligence Business

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Guinness Nigeria Sweeps 7th Edition of The Industry Awards, Named Most Outstanding Company in Sustainability

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

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Insurance

Mutual Benefits Pays ₦13.6bn Claims in Q1 2026, Reinforcing Trust in Insurance

Mutual Benefits Assurance Plc has announced the payment of...

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NIA to Honour Past Governing Council Members

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‘NCC Not Disqualifying Nigerians Below 18 From Getting SIM’

The Nigerian Communications Commission (NCC) would like to draw the attention of the public to a publication in a section of the media, purporting that the Commission is developing a regulation to disqualify Nigerians below 18 years of age from getting Subscriber Identity Module (SIM).
For the avoidance of doubt, the Commission wishes to categorically state that the said report is not only misleading and inaccurate; but a misinformation and mischaracterisation of the proceedings of the Public Inquiry on the Reviewed/Draft Registration of Telephone Subscribers Regulations, which took place on Tuesday, October 6, 2021.
The Commission considers it necessary to set the record straight for the purpose of serving existing and potential telecom subscribers, investors and other stakeholders in the industry accurate information for making informed decisions.
In accordance with sections 70 and 71 of the Nigerian Communications Act (NCA), 2003 and the Commission’s consultative engagement process, which define its rule-making process, the public inquiry was held for all relevant stakeholders to provide input on the draft regulatory instrument.
The age of 18 years for SIM acquisition proposed in the draft regulation is contingent on the constitutional provision, which makes 18 years the age of consent in Nigeria. Also, SIM acquisition is a contract between service providers and their subscribers, which requires the subscriber to have proper legal status, be of matured mind and rational enough to bear certain responsibilities, obligations and liabilities imposed by a contract.
The proposal is, therefore, to protect minors. Parents and guardians can acquire SIMs in their names on behalf of their children and wards in which case they assume whatever responsibilities or liabilities arise from the usage of such SIMs, a measure expected to also strengthen national security.
While the Commission is progressively pursuing digital inclusion for all, the draft proposal is intended to guarantee increased monitoring of children and shield the minors from undue liabilities in line with NCC’s Child Online Protection drive.
However, the consultative engagement process is still on-going, as the Commission is reviewing all input from relevant stakeholders in this regard and will consider and deliberate on all comments before issuing a final regulatory instrument.
We appeal to our media stakeholders to always fact-check their stories pertaining to telecoms regulatory issues and seek necessary clarifications for informed and accurate reporting as the Commission runs an open-house system.

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Topics

Oil Prices Driving Lower Growth in Sub-Saharan Africa

Latest report by the World Bank Group suggests that low oil prices have considerably reduced growth in commodity-exporting countries in Sub-Saharan Africa, especially in Nigeria and Angola etc. and have also slowed activity in non-oil sectors. The report says that although South Africa is expected to be one of the main beneficiaries of low oil prices, growth is being held back by energy shortages, weak investor confidence amid policy uncertainty, and by the anticipated gradual tightening of monetary and fiscal policy. Growth in the region is forecast to slow to 4.2 percent, slower than previously expected.

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‘Digitalisation Will Enhance African Economies’

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Vice President, Kashim Shettima, Commissions National Assets Restoration Programme

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‘Cost of Finance Too Expensive in Africa’

“I would say the biggest challenge companies face is the cost of finance. Funds are very expensive in Africa,” says Jonty Levin, a Partner at financial advisory and structuring specialist, Alkebulan. There are two main reasons why the cost of finance generally remains high across the continent, according to Levin. One is the perceived risk associated with investing in African companies, and another is the shallow financial markets, where limited supply is rationed through higher costs.
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