Saturday, May 2, 2026
28 C
Lagos

Business

P+ Beats Three Agencies to Win NSIA Media Intelligence Business

P + Measurement Services Limited - (P+) has won the...

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

L-R: Olukemi Ogunsakin, Head, Corporate Communications, Sustainability & CSR,...

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

Guinness Nigeria Plc has achieved a landmark milestone, surpassing...

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

  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 Shareholders Commend Leadership at 65th AGM, Seeks Continued Growth

Shareholders of Nigerian Exchange Group Plc (NGX Group) have...

NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

Being text of the speech by Alhaji (Dr.) Umaru...

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

The Group Managing Director/Chief Executive Officer of Nigerian Exchange...

Insurance

Sovereign Trust Insurance Set for Market Leadership via N5bn Rights Issue

Sovereign Trust Insurance Plc has completed the structuring phase...

Guinea Insurance Signals Recovery Momentum Amid Elevated Claims

Guinea Insurance Plc has announced its unaudited financial results...

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...

Business

P+ Beats Three Agencies to Win NSIA Media Intelligence Business

P + Measurement Services Limited - (P+) has won the...

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

L-R: Olukemi Ogunsakin, Head, Corporate Communications, Sustainability & CSR,...

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

Guinness Nigeria Plc has achieved a landmark milestone, surpassing...

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

  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 Shareholders Commend Leadership at 65th AGM, Seeks Continued Growth

Shareholders of Nigerian Exchange Group Plc (NGX Group) have...

NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

Being text of the speech by Alhaji (Dr.) Umaru...

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

The Group Managing Director/Chief Executive Officer of Nigerian Exchange...

Insurance

Sovereign Trust Insurance Set for Market Leadership via N5bn Rights Issue

Sovereign Trust Insurance Plc has completed the structuring phase...

Guinea Insurance Signals Recovery Momentum Amid Elevated Claims

Guinea Insurance Plc has announced its unaudited financial results...

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...

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

NGX Shareholders Commend Leadership at 65th AGM, Seeks Continued Growth

Shareholders of Nigerian Exchange Group Plc (NGX Group) have...

Sovereign Trust Insurance Set for Market Leadership via N5bn Rights Issue

Sovereign Trust Insurance Plc has completed the structuring phase...

All Set for Ecobank 2026 National Schools’ Team Chess Championship

L–R: Austen Osokpor, Head, Marketing and Corporate Communications, Ecobank...

Guinea Insurance Signals Recovery Momentum Amid Elevated Claims

Guinea Insurance Plc has announced its unaudited financial results...

TeamApt CEO says Financial Inclusion is Dependent on Reliable Payment Ecosystem

L-R: Mr. Chike Onwuegbuchi, Chairman, Nigeria Information Technology Reporters’...

Topics

Reuben Muoka Named Director, Public Affairs at NCC

The Management of the Nigerian Communications Commission has appointed...

Linkage Assurance Names Joshua Fumudoh New Chairman

Linkage Assurance Plc has announced the appointment of Chief...

Cool Plus Offers Innovative Acoustics, Thermal Insulation Tech to Nigeria

  Cool Plus Limited, a leading professional HVAC company in...

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...

World Economic Forum Cancels Singapore Meeting, Proposes 2022

The much anticipated Special Annual Meeting by the World...

Ecobank Digital Series: 9mobile CEO, Sinfield, Okere, for Digital Financial Inclusion Summit 

Ecobank Nigeria in partnership with Vanguard Conferences and Economic...

Berger Paints: Facts Behind The Figures Presentation

– R: Mr. Tony Ibeziako, Ag. Head, Listing Business...
Exit mobile version