Sunday, February 1, 2026
25.2 C
Lagos

Business

UAC Records Revenue Surge, Profit Impacted by One-Off Acquisition-Related Costs

UAC of Nigeria Plc has announced its unaudited financial...

Repton Group Wins 2025 Dangote Cement Largest Distributor Award

…in Nigeria, Sub-Saharan Africa By Goke Ilesanmi L-R: Alhaji Aliko...

MTN: The Best Mobile Internet Performance in Nigeria 2025

  Analysis period: January 1, 2025 - December 31,...

NIPR Postpones Annual PRICE Awards to Jan 25, 2026

The Nigerian Institute of Public Relations (NIPR) has deferred...

Wines of Canada Debuts in the Nigerian Market

Carl DIB Merchandising Limited, a leading company in the...

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

NGX Group, Lagos State, HEI Expand Project BLOOM to Alimosho, Building on Measurable Social Impact

Nigerian Exchange Group Plc (NGX Group), in partnership with...

Stockbrokers, Securities Dealing Houses Congratulate NGX on N100tn Market Capitalisation

The Chartered Institute of Stockbrokers (CIS) and the Association...

Tinubu Applauds NGX N100tn Milestone, Charges Nigerians to Invest More Locally

President Bola Tinubu has praised corporate Nigeria, citizens, and...

FG, SEC, NGX Group Forge Unified Direction on Capital Gains Tax Reform

The Federal Government has inaugurated the National Tax Policy...

NGX Expands Market Offerings with Introduction of Commercial Paper Listings

Nigerian Exchange Limited (NGX) has introduced Commercial Paper (CP)...

Insurance

Linkage Assurance Reports 24% Rise in Insurance Revenue to N27.6bn in FY 2025

Underwriting giant, Linkage Assurance Plc, delivered a robust operating...

Heirs Insurance Hackathon Opens: Nine University Students to Win N9m Innovation Prize

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

Royal Exchange CEO: Recapitalisation Will Reposition Insurance Sector, Support $1tn Economy Goal

Mrs. Idu Okeahialam, Group Managing Director/CEO, Royal Exchange Plc,...

Sovereign Trust Insurance Strengthens Partnership with TEXEM UK

L-R: Akinwumi Akinrinmade, ED, Technical Operations, Sovereign Trust Insurance...

SanlamAllianz Takes Financial Education to Lagos Markets

Insurance giants, SanlamAllianz has launched a financial education campaign...

Business

UAC Records Revenue Surge, Profit Impacted by One-Off Acquisition-Related Costs

UAC of Nigeria Plc has announced its unaudited financial...

Repton Group Wins 2025 Dangote Cement Largest Distributor Award

…in Nigeria, Sub-Saharan Africa By Goke Ilesanmi L-R: Alhaji Aliko...

MTN: The Best Mobile Internet Performance in Nigeria 2025

  Analysis period: January 1, 2025 - December 31,...

NIPR Postpones Annual PRICE Awards to Jan 25, 2026

The Nigerian Institute of Public Relations (NIPR) has deferred...

Wines of Canada Debuts in the Nigerian Market

Carl DIB Merchandising Limited, a leading company in the...

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

NGX Group, Lagos State, HEI Expand Project BLOOM to Alimosho, Building on Measurable Social Impact

Nigerian Exchange Group Plc (NGX Group), in partnership with...

Stockbrokers, Securities Dealing Houses Congratulate NGX on N100tn Market Capitalisation

The Chartered Institute of Stockbrokers (CIS) and the Association...

Tinubu Applauds NGX N100tn Milestone, Charges Nigerians to Invest More Locally

President Bola Tinubu has praised corporate Nigeria, citizens, and...

FG, SEC, NGX Group Forge Unified Direction on Capital Gains Tax Reform

The Federal Government has inaugurated the National Tax Policy...

NGX Expands Market Offerings with Introduction of Commercial Paper Listings

Nigerian Exchange Limited (NGX) has introduced Commercial Paper (CP)...

Insurance

Linkage Assurance Reports 24% Rise in Insurance Revenue to N27.6bn in FY 2025

Underwriting giant, Linkage Assurance Plc, delivered a robust operating...

Heirs Insurance Hackathon Opens: Nine University Students to Win N9m Innovation Prize

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

Royal Exchange CEO: Recapitalisation Will Reposition Insurance Sector, Support $1tn Economy Goal

Mrs. Idu Okeahialam, Group Managing Director/CEO, Royal Exchange Plc,...

Sovereign Trust Insurance Strengthens Partnership with TEXEM UK

L-R: Akinwumi Akinrinmade, ED, Technical Operations, Sovereign Trust Insurance...

SanlamAllianz Takes Financial Education to Lagos Markets

Insurance giants, SanlamAllianz has launched a financial education campaign...

NCC: Regulatory Intervention Attracts $1bn Investment from Telecom Operators  

Mrs. Tolulase Omodele-Rufai

Deputy Director

Nigerian Communications Commission (NCC)

Lagos Zonal Office

The Nigerian Communications Commission (NCC) says its strategic intervention in terms of tariff adjustments that are both cost-reflective and competitively aligned with market realities has attracted over $1 billion in fresh investment from telecom operators as a result of investor confidence and healthy competition.

Dr. Aminu Maida, the Executive Vice-Chairman/CEO of NCC, said at the Business Journal Annual Lecture 2025 in Lagos that such resources are now driving network upgrades, infrastructure modernisation and wider national coverage.

Maida, who was represented by Mrs. Tolulase Omodele-Rufai, Deputy Director, NCC, Lagos Zonal Office, said:

“In just seven months, operators and tower companies have deployed more than 2, 900 additional capacity and coverage sites nationwide, significantly improving network strength and service availability.”

On the theme of the lecture: AI & Digital Economy: Projecting the Future of Economic Growth in Nigeria, Maida said AI is already reshaping productivity, services and inclusion.

“For Nigeria, the opportunities of AI are profound in the fields of agriculture, healthcare, creative industry, logistics and education etc. The economic opportunities in new jobs, new businesses, enhanced productivity and new value chains cannot be over-emphasised.”

The NCC EVC argued however that such opportunities are hinged on the availability of the right environment for AI to thrive in terms of resilient connectivity, infrastructure, vibrant ecosystem and ethical governance to drive its appropriate utililisation.

“As Nigeria’s telecom regulator, our mandate is to create an enabling environment for AI to thrive by way of regulations and guidelines to foster the ubiquitous delivery of quality telecommunication services across the country. Broadband is the backbone of AI. It is quality connectivity that makes the innovative potential of AI possible.”

Maida said the Commission has equally launched the Nigerian National Coverage Maps, which enable consumers to visualise coverage, speed and service availability nationwide. It also empowers consumers to make informed decisions, while giving operators the needed data to optimise performance.

“As we look into the future, we can be confident that Nigeria is taking the right steps. With resilient infrastructure, clear and transparent regulation and sustained protection of telecom assets, we can ensure that broadband is not only accessible and affordable, but also transformative. This is how we build a digital economy that is inclusive, secure and forward-looking; one where AI and innovation become catalysts for national prosperity.”

 

Hot this week

UAC Records Revenue Surge, Profit Impacted by One-Off Acquisition-Related Costs

UAC of Nigeria Plc has announced its unaudited financial...

Moniepoint Celebrates 10 Years of Impact, Microfinance Bank Reports N412tn Transactions in 2025

Moniepoint Inc., Nigeria's definitive platform for small businesses and...

PenCom, PFAs to Unveil PENCAP – Data Recapture Self-Service Platform Feb 1

The National Pension Commission (PenCom), in collaboration with Pension...

NNPC Unveils Gas Master Plan 2.0, Milestone Represents Nigeria’s Dev’t Aspirations, Says Ekpo

L-R: Executive Vice President, Gas, Power & New Energy,...

Topics

Leadway Supports Nigerian Pavilion at London Design Biennale 2025

Leadway Group, one of Nigeria's foremost non-banking financial service...

TU Focus Group Makes Progress on 2bn Unbanked People

The International Telecommunication Union (ITU) Focus Group on Digital...

AfDB Approves $1.5bn Fund to Avert Food Crisis in Africa

The African Development Bank (AfDB) has approved the sum...

SMILE Unveils Lowest 4G LTE Mobile Call Rates in Nigeria

‘Today, I am proud to announce the lowest call...

NSE Receives ‘AWARD FOR CSR IN EDUCATION’

L – R shows Temitayo Ade-Peters, CSR Lead, The...

Samsung Launches QLED TV 2018 Edition into Nigerian Market

Samsung Electronics West Africa has launched its newest and...

AIICO Insurance: Partnership by Stakeholders Necessary to Grow Agric Sector

Making a presentation on Agricultural Insurance at the annual...

Olam Predicts Biggest Global Cocoa Deficit Since 1980

This year, the world will record its greatest cocoa...
Exit mobile version