…cent, followed by the financing sector at 26.10 per cent, oil and gas at 15.72 per cent, telecommunications at 3.51 per cent, and production/manufacturing at 2.62 per cent, while other sectors made up the balance. It also showed that Lagos accounted for 62.90 per cent of capital outflows, followed by the Federal Capita…
…investors, regulators, advertisers and the public. That is what happened to Nigeria’s telecommunications sector after the Nigerian Communications Commission’s customer data clean-up and the implementation of the NIN-SIM linkage exercise. Millions of mobile subscriptions disappeared from the industry’s active subscriber…
…during the operation led to the recovery of 8 registered SIM cards of different telecommunications networks, believed to have been used in perpetrating the alleged criminal activities. "The suspect is currently in custody, while investigations have been expanded to determine the full extent of the alleged extortion net…
…collaboration among regulators, banks, fintech companies, payment service providers, telecommunications operators, technology firms, and customers operating within clearly defined governance and regulatory frameworks. The study tour identified three priority areas that financial institutions should focus on as Nigeria…
…its diesel consumption by 9.1 million litres during its 2025/2026 financial year as the telecommunications company increased its use of lower-carbon energy sources and expanded efforts to reduce the environmental impact of its operations. Diesel retail prices in Nigeria averaged between N1,409 and N1,450 per litre in D…
…tariff adjustment implemented in 2025 was necessary to ensure the sustainability of the telecommunications industry after more than a decade without a price review despite rising operating costs. Toriola also disclosed that MTN invested N390 billion in capital expenditure during the first quarter of the year, exceeding…
…and regulatory support for technology startups. As digital services increasingly combine telecommunications, digital platforms, AI, and data processing, the responsibilities of regulators such as the NCC, NITDA, and NDPC have begun to intersect, creating uncertainty for businesses over which agency has authority in cer…
…interconnected hubs linking these international cable systems with internet exchanges, telecommunications operators and enterprise customers. Operators also argue that this growing connectivity strengthens the business case for hyperscale cloud providers to establish local infrastructure. “The directive sends a signal…
…factors that constrained revenue generation, including the suspension of excise duty on telecommunications services, the continued suspension of the proposed green tax introduced in 2023, and government fiscal policies promoting local production of healthcare products, which reduced import duty and VAT collections on m…
…Capture era,” she wrote. At the centre of the dispute is South Africa’s effort to reform telecommunications policy to accommodate low-Earth orbit (LEO) satellite operators while preserving the country’s black economic empowerment framework. Starlink, the SpaceX-owned satellite broadband service, has been unable to secu…
…connections to infrastructure like the Society for Worldwide Interbank Financial Telecommunication (SWIFT) and the Bank for International Settlements (BIS), governments often use us primarily as a software provider. In markets with weaker currencies, higher inflation, or tighter public budgets, the model becomes more f…
…and disruptions to transportation." The agency also cautioned that "temporary power and telecommunications outages may occur in affected areas, while poor visibility during intense rainfall could pose risks to motorists and aviation operations." The forecast further highlighted the potential for waterlogging of farmlan…
…in the privacy ecosystem, including regulators, businesses, financial institutions, telecommunications companies, media organisations, and ordinary citizens. The goal is for all of us to do what is right for the country. With artificial intelligence and other emerging technologies advancing at a rapid pace, what are th…
…than N39bn in inherited pension liabilities owed to pensioners of the defunct Nigerian Telecommunications Limited, Mobile Telecommunications Limited, Power Holding Company of Nigeria, Assurance Bank, NICON and the defunct People's Bank of Nigeria. According to PTAD, the payments comprised N25.05bn representing a 35-mon…
…found his redundancy was unfair and unlawful. While the dispute involved a multinational telecommunications company, the ruling applies to all employers in Kenya, including venture-backed startups that have shed jobs over the past four years as funding dropped and investors shifted focus to profitability. “It is not en…
…financial services, manufacturing, industrial goods, consumer goods, oil and gas, telecommunications, insurance, fintech and even the SME sector. To support this transition, the Financial Reporting Council has organised over 47 training sessions, workshops and technical engagements, reaching more than 4,500 participant…
…that all requests involving significant changes in ownership structures of licensed telecommunications companies are supported by evidence of prior approval from the NCC. The joint statement partly reads: "Effective immediately any proposed transfer of ownership or control of shares in a licensee of the Nigerian Commun…
…Communications Commission (NCC) has introduced a new regulatory requirement mandating telecommunications operators to obtain prior approval before carrying out share transfers involving 10% or more of their total share capital, a move aimed at strengthening oversight of ownership changes in one of Nigeria's most strate…
…Communications Commission (NCC) and the Corporate Affairs Commission (CAC) have directed telecommunications companies to obtain regulatory approval before executing any transfer of shares amounting to 10 per cent or more of their total share capital. The directive, which takes immediate effect, is aimed at strengthenin…
…systemically important. Although Nigeria's fintech industry differs from social media or telecommunications, the regulatory logic is similar. Governments are increasingly uncomfortable with critical digital infrastructure operating behind ownership structures that are difficult to fully understand. Another factor may b…
…financial centre, Lagos serves as the headquarters for many of Nigeria's largest banks, telecommunications firms, multinational corporations, and technology startups, and the undisputed engine of Nigeria's economy, contributing nearly 30% of the nation's GDP while driving commerce, finance, industry, and innovation acr…
…Telecoms (Home Deluxe: N15,500) Hoop Telecoms Limited was established in 2017 as a full Telecommunications Service provider. The company is today one of the few ISPs offering truly high-speed, unlimited data plans in Nigeria. Hoop Telecoms currently has offices in 5 states of the country, and network/service coverage i…
…derived from the recovered items, detectives of the Anti-Robbery Squad launched telecommunications analysis, which led to the identification of Ismaila Israel Sokunbi as a principal suspect with links to Kayode Adeyemi, the suspected kingpin in Ibadan, Oyo State,” the statement added. The police spokesperson noted that…
Nigeria’s telecommunications sector is witnessing an unusual trend, in that, more people are connecting to broadband networks, but they are
…equipped with underground drainage systems, water pipelines, sewer infrastructure, telecommunications ducts, solar-powered street lighting, walkways and green areas. He said the road improves connectivity between Katampe, Mabushi, Jahi, Maitama and adjoining districts while opening up new corridors for residential and…