Thursday, June 4, 2026
25.2 C
Lagos

Business

AMEC Launches GEO Principles to Bring Rigour to AI-led Communications Measurement

AMEC, the International Association for the Measurement and Evaluation...

CIG Motors: Pay ₦3m For a Brand New Car in May Splash Promo on Electric, Petrol Vehicles

New campaign introduces EasyPay auto-financing, major discounts and nationwide...

Repton CEO Calls for Digital Skills Acquisition at Lagos Career Fair

Otunba Odeyeyiwa Kazeem Olayemi, GMD/CEO, Repton Group, Keynote Speaker...

Guinness Nigeria CEO Attributes Strong 2026 Start to Operational Efficiency, Localised Decision-Making

The Managing Director/CEO of Guinness Nigeria Plc, Girish Sharma...

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 Chair, Umaru Kwairanga, Receives International Business Achiever Award 2026

  The acceptance speech by Alhaji (Dr.) Umaru Kwairanga, Group...

NGX Seeks Cross-Listing Opportunities with Nairobi Securities Exchange

Alhaji (Dr) Umaru Kwairanga, Group Chairman, Nigerian Exchange Group...

NGX Group Advances Investor Education Drive with Digital Retail Engagement Initiative

Nigerian Exchange Group has intensified its investor education drive...

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

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

Insurance

NAICOM Chief Leads Delegation to Abia State, Pledges Partnership on Policyholders Protection, Economic Growth

The Commissioner for Insurance, National Insurance Commission (NAICOM), Mr....

AIICO Insurance Drives Community Health Impact with Malaria Prevention Outreach in Oyo State

AIICO Insurance Plc has reaffirmed its commitment to improving...

Mutual Benefits Delivers Strong 2025 Financial Performance, Record Profit Growth, Balance Sheet Expansion

Mutual Benefits Assurance Plc has announced its audited financial...

Heirs Insurance Group Opens Entry for 5th Essay Championship with ₦11.5m Prizes for Students, Teachers, Schools

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, has opened...

NAICOM Issues First Insurtech Licence, Reinforcing Commitment to Innovation, Market Integrity

L-R: Mr. Suleiman Olalekan Ajani, MD/CEO, CBI Insurtech and...

Business

AMEC Launches GEO Principles to Bring Rigour to AI-led Communications Measurement

AMEC, the International Association for the Measurement and Evaluation...

CIG Motors: Pay ₦3m For a Brand New Car in May Splash Promo on Electric, Petrol Vehicles

New campaign introduces EasyPay auto-financing, major discounts and nationwide...

Repton CEO Calls for Digital Skills Acquisition at Lagos Career Fair

Otunba Odeyeyiwa Kazeem Olayemi, GMD/CEO, Repton Group, Keynote Speaker...

Guinness Nigeria CEO Attributes Strong 2026 Start to Operational Efficiency, Localised Decision-Making

The Managing Director/CEO of Guinness Nigeria Plc, Girish Sharma...

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 Chair, Umaru Kwairanga, Receives International Business Achiever Award 2026

  The acceptance speech by Alhaji (Dr.) Umaru Kwairanga, Group...

NGX Seeks Cross-Listing Opportunities with Nairobi Securities Exchange

Alhaji (Dr) Umaru Kwairanga, Group Chairman, Nigerian Exchange Group...

NGX Group Advances Investor Education Drive with Digital Retail Engagement Initiative

Nigerian Exchange Group has intensified its investor education drive...

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

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

Insurance

NAICOM Chief Leads Delegation to Abia State, Pledges Partnership on Policyholders Protection, Economic Growth

The Commissioner for Insurance, National Insurance Commission (NAICOM), Mr....

AIICO Insurance Drives Community Health Impact with Malaria Prevention Outreach in Oyo State

AIICO Insurance Plc has reaffirmed its commitment to improving...

Mutual Benefits Delivers Strong 2025 Financial Performance, Record Profit Growth, Balance Sheet Expansion

Mutual Benefits Assurance Plc has announced its audited financial...

Heirs Insurance Group Opens Entry for 5th Essay Championship with ₦11.5m Prizes for Students, Teachers, Schools

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, has opened...

NAICOM Issues First Insurtech Licence, Reinforcing Commitment to Innovation, Market Integrity

L-R: Mr. Suleiman Olalekan Ajani, MD/CEO, CBI Insurtech and...

NTITA: NCC, Danbatta Bag Fresh Awards for Broadband Development

L-R: Akin Naphtal, Chief Executive Officer, InstictWave; Prof. Umar Danbatta, Executive Vice Chairman/Chief Executive Officer, Nigerian Communications Commission (NCC); Dr. Ikechukwu Adinde, Director, Public Affairs, NCC and Olusola Teniola, President, Association of Telecoms Companies of Nigeria (ATCON) during the 2020 Nigeria Tech Innovation and Telecoms Awards held at the NAF Conference Centre in Abuja.

The critical role being played by the Nigerian Communications Commission (NCC) under the leadership of its Executive Vice Chairman, Prof. Umar Danbatta, in advancing the frontiers of broadband development has been recognised at this year’s edition of the Nigeria Tech Innovation and Telecoms Awards (NTITA), 2020.
Regarded as the Oscars of Nigeria’s telecoms industry, the awards, powered by InstinctWave, Africa’s leading business-to-business event organizer in collaboration with the Association of Telecoms Companies of Nigeria (ATCON) in Abuja at the weekend, saw the Commission and other industry stakeholders, including the Hon. Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim Pantami, carting away distinguished awards.
Danbatta was honoured with the “Broadband Oxygenator of the Year” for his remarkable role and commitment to the development of broadband infrastructure to support the country’s digital economy drive while NCC, as a corporate organisation received the “Outstanding Contribution to Driving Greater Broadband Penetration Award of the Year.”
Through the articulation of a Strategic Vision Plan (SVP) for the fiscal years 2015-2020, which symbolises the focused leadership Danbatta brought on board as the chief telecoms regulator in the country, broadband penetration increased from 6 percent in 2015 to 45.43 in September, 2020.
Also, basic active internet subscription grew from 90 million to 143.7 million while active voice subscription increased from 151 million to 205.25 percent during the same period with teledensity also reaching 107.53 percent as at end of September, 2020.
The last five years have seen the number of licensed Infrastructure Companies (InfraCo) increasing from two in 2015 to six currently. The InfraCos are to deploy broadband infrastructure, on a wholesale basis in the 774 Local Government Areas in Nigeria.
The Commission is currently reviewing the framework for the licensing of InfraCo to ensure sustainable funding options for effective implementation of the proposed national fibre project towards increasing broadband penetration to 70 percent target, as set in the new national broadband plan by 2025.
The on-going review of the InfraCo framework is to cater for the delays in take-off, change in exchange rate, supply chain and other challenges imposed by the COVID-19 pandemic with respect to InfraCo implementation.
NCC and Danbatta’s recognitions at the NTITA 2020 were also hinged on the increase in the contribution of the telecom sector the Gross Domestic Product (GDP) from 8.5 percent in 2015 to 14.30 percent as of the second quarter of 2020, translating to N2.272 trillion in financial value.
In the last five years, under Danbatta leadership, telecoms investment grew from around $38 billion to over $70 billion currently with appreciable remittances in spectrum fees and operating surplus by the NCC into the Federal Government’s Consolidated Revenue Fund (CRF).
Increased e-commerce services, other digital services and more access to financial inclusion were also enabled through increased deployment of broadband infrastructure being promoted by the telecoms regulator through a number of regulatory initiatives.
Speaking on the significance of the NTITA, President of ATCON, Olusola Teniola, said: “Our thinking is that if we decide to ignore the contribution that our sector has made to the development of Nigeria by not recognizing the actors that made it possible, what we are saying invariably is that we are unappreciative of their concerted efforts in changing the story of our industry.”

Hot this week

Former Power Minister, Barth Nnaji, to Grace SUPERNEWS Confab as Special Guest of Honour

The Chairman, Geometric Power Limited and former Nigerian Minister...

IFC, NGX Group, LCCI Unveil Nigeria Gender Country Program at CEO Roundtable

The International Finance Corporation (IFC), Nigerian Exchange Group (NGX...

NAICOM Chief Leads Delegation to Abia State, Pledges Partnership on Policyholders Protection, Economic Growth

The Commissioner for Insurance, National Insurance Commission (NAICOM), Mr....

BGT Awards Contracts for Three Newbuild LNG Vessels

Bonny Gas Transport Limited (BGT), a subsidiary of Nigeria...

Topics

Etisalat Risks Take-over by Banks over N377bn Debt

Etisalat Nigeria may be taken over by a consortium...

Sanlam Life Rewards Sales Champions, Holds Customers’ Forum

  Tunde Mimiko Managing Director/CEO Sanlam Life Insurance Nigeria Limited As part of...

InterswitchSPAK 4.0 Kicks Off N12.5m National Science Competition Nov 6

Interswitch, Africa’s leading integrated payments and digital commerce company,...

Japan to Support 50m Tonnes Rice Production in Africa

The Sasakawa Association will work with the Japan International...

N300m Insurance Rebranding Project Stirs Market

The N300 million rebranding project by the insurance industry...

IEI Anchor Pension: N55bn Pension Assets, 90,000 RSAs, 23 States

IEI Anchor Pension Managers Limited is currently managing pension assets of over N55 billion in its portfolio from 90, 000 Retirement Savings Account [RSA] holders in 23 states of the federation. Mr. Glory Etaduovie, Managing Director/CEO, IEI Pension Managers Limited said the company’s growth pace is faster now as it continues to gain more ground in the pension market. He said the growth plan of the company is aggressive increase in the number of RSAs.

FG, NGX to Drive Startup Listings with Tech Board

The Federal Government through the Ministry of Communications, Innovation...

Linkage Assurance Unveils Motor Third Party Plus Variants to Enhance Customer Experience

L-R: Humphrey Ozegbe, Chief Human Capital Officer/Head, Management Services;...
Exit mobile version