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    Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

    Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

    FG fines Multichoice N766m over privacy breaches

    FG fines Multichoice N766m over privacy breaches

    Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

    Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

    Food inflation: NSA, 36 states launch joint action

    Food inflation: NSA, 36 states launch joint action

    Petrol imports drop 54% as Dangote boost supply

    Petrol imports drop 54% as Dangote boost supply

    World Bank retains Nigeria’s growth at 3.6%

    World Bank retains Nigeria’s growth at 3.6%

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Sixteen years after meltdown, NGX market cap surges by 347.5%

    Sixteen years after meltdown, NGX market cap surges by 347.5%

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      Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

      Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

      FG fines Multichoice N766m over privacy breaches

      FG fines Multichoice N766m over privacy breaches

      Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

      Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

      Food inflation: NSA, 36 states launch joint action

      Food inflation: NSA, 36 states launch joint action

      Petrol imports drop 54% as Dangote boost supply

      Petrol imports drop 54% as Dangote boost supply

      World Bank retains Nigeria’s growth at 3.6%

      World Bank retains Nigeria’s growth at 3.6%

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Sixteen years after meltdown, NGX market cap surges by 347.5%

      Sixteen years after meltdown, NGX market cap surges by 347.5%

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        Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

        Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

        FG fines Multichoice N766m over privacy breaches

        FG fines Multichoice N766m over privacy breaches

        Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

        Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

        Food inflation: NSA, 36 states launch joint action

        Food inflation: NSA, 36 states launch joint action

        Petrol imports drop 54% as Dangote boost supply

        Petrol imports drop 54% as Dangote boost supply

        World Bank retains Nigeria’s growth at 3.6%

        World Bank retains Nigeria’s growth at 3.6%

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Sixteen years after meltdown, NGX market cap surges by 347.5%

        Sixteen years after meltdown, NGX market cap surges by 347.5%

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          Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

          Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

          FG fines Multichoice N766m over privacy breaches

          FG fines Multichoice N766m over privacy breaches

          Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

          Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

          Food inflation: NSA, 36 states launch joint action

          Food inflation: NSA, 36 states launch joint action

          Petrol imports drop 54% as Dangote boost supply

          Petrol imports drop 54% as Dangote boost supply

          World Bank retains Nigeria’s growth at 3.6%

          World Bank retains Nigeria’s growth at 3.6%

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Sixteen years after meltdown, NGX market cap surges by 347.5%

          Sixteen years after meltdown, NGX market cap surges by 347.5%

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            Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

            Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

            FG fines Multichoice N766m over privacy breaches

            FG fines Multichoice N766m over privacy breaches

            Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

            Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

            Food inflation: NSA, 36 states launch joint action

            Food inflation: NSA, 36 states launch joint action

            Petrol imports drop 54% as Dangote boost supply

            Petrol imports drop 54% as Dangote boost supply

            World Bank retains Nigeria’s growth at 3.6%

            World Bank retains Nigeria’s growth at 3.6%

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Sixteen years after meltdown, NGX market cap surges by 347.5%

            Sixteen years after meltdown, NGX market cap surges by 347.5%

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              Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

              Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

              FG fines Multichoice N766m over privacy breaches

              FG fines Multichoice N766m over privacy breaches

              Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

              Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

              Food inflation: NSA, 36 states launch joint action

              Food inflation: NSA, 36 states launch joint action

              Petrol imports drop 54% as Dangote boost supply

              Petrol imports drop 54% as Dangote boost supply

              World Bank retains Nigeria’s growth at 3.6%

              World Bank retains Nigeria’s growth at 3.6%

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Sixteen years after meltdown, NGX market cap surges by 347.5%

              Sixteen years after meltdown, NGX market cap surges by 347.5%

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                Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

                Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

                FG fines Multichoice N766m over privacy breaches

                FG fines Multichoice N766m over privacy breaches

                Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                Food inflation: NSA, 36 states launch joint action

                Food inflation: NSA, 36 states launch joint action

                Petrol imports drop 54% as Dangote boost supply

                Petrol imports drop 54% as Dangote boost supply

                World Bank retains Nigeria’s growth at 3.6%

                World Bank retains Nigeria’s growth at 3.6%

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Sixteen years after meltdown, NGX market cap surges by 347.5%

                Sixteen years after meltdown, NGX market cap surges by 347.5%

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                  Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

                  Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

                  FG fines Multichoice N766m over privacy breaches

                  FG fines Multichoice N766m over privacy breaches

                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  Food inflation: NSA, 36 states launch joint action

                  Food inflation: NSA, 36 states launch joint action

                  Petrol imports drop 54% as Dangote boost supply

                  Petrol imports drop 54% as Dangote boost supply

                  World Bank retains Nigeria’s growth at 3.6%

                  World Bank retains Nigeria’s growth at 3.6%

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

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                  NCC Restates Commitment to Increased Broadband Penetration

                  Thisdaylive | August 29, 2019
                  NCC Restates Commitment to Increased Broadband Penetration
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                  The Nigerian Communications Commission (NCC) has assured Nigerians of pervasive broadband penetration, irrespective of location.

                  The Commission said it was conscious of the pivotal role greater broadband penetration would play in actualising deployment of Internet of Things (IoT) devices and Smart Services in any economy, while assuring Nigerians that it has developed a framework to facilitate the deployment of broadband infrastructure in the country.

                  The Executive Vice Chairman of the NCC, Prof. Umar Garba Danbatta, dropped the hint on Tuesday at the opening session of the First Digital Africa Week organised by the International Telecommunication Union (ITU) and hosted by the NCC in Abuja.

                  Danbatta told the gathering of global Information and Communications Technology (ICT) experts, that the NCC framework for broadband infrastructure has led to the licensing of six infrastructure companies for North East, North West, South East, South West, South-South and Lagos.

                  The process for licensing a seventh InfraCo for the North Central including the Federal Capital Territory, Abuja, has been concluded and the licence ready for award very soon, Danbatta said.

                  The InfraCos are mandated to deploy metro and intercity fibre and broadband point of access with a minimum capacity of 10 gigabyte per second (10 Gbps) across the 774 Local Government Areas of Nigeria.

                  “With the development of Smart Cities Key Performance Indicators (KPIs) by the ITU, it is imperative to have a pervasive and ubiquitous broadband infrastructure across all our towns and cities to achieve the objectives of making them Smart,” Danbatta said.

                  He told the experts that “Nigeria has not only achieved but exceeded the 30 per cent penetration target set by the National Broadband Plan (NBP) (2013 – 2018) and at the end of June 2019, our broadband penetration stood at 33.31 per cent.” He further submitted that the NCC would continue to work hard to ensure that all citizens of Nigeria have access to affordable broadband connection irrespective of location.

                  This assurance, according to Danbatta, was based, “on the digital transformation agenda of the Federal Government anchored on Availability, Accessibility and Affordability of broadband.”

                  To actualise full expeditious action on the broadband penetration across the states of Nigeria, “we have put in place Broadband Implementation Committee (BIMC) to monitor full implementation of the INFRACO Projects within the four-year implementation plan,” Danbatta declared.

                  According to him, “We have finalised negotiations on the counterpart funding to InfraCos to support the deployment of the broadband infrastructure on which the Smart Services and other emerging technologies will be hosted.” He added that “this is in tandem with the 8-point agenda of the NCC and declaration of the present administration for the provision of ubiquitous broadband infrastructure across the country in the next level document.”

                  Meanwhile, the NCC has once more, emphasised the need for telecom consumers and the general public to consciously join hands in protecting telecom infrastructure and regard them as national asset that is collectively owned, crucial and essential for the provision of good service quality.
                  Director, Zonal Operations, NCC, Amina Shehu, made the call during a sensitisation programme on protection of telecoms infrastructure organised by the Commission in Nasarawa-Eggon Local Government Area, Nasarawa State recently.
                  Represented by the Principal Manager, Zonal Operations at NCC, Abubakar Usman, the Director, Zonal Operations, also restated the NCC’s commitment towards ensuring improved delivery to telecom consumers by the service providers, which she described as a cardinal goal of the Commission.

                  Shehu, however stated that, “in recent times, there has been rising public concerns regarding alleged likely negative health effects of Electromagnetic Frequency (EMF) radiation emanating from telecommunication infrastructure, saying such negative concerns have, in some cases, led to interference and or agitation against the deployment of required infrastructure to the detriment of delivering quality telecom services in the country.

                  She said such interference manifested in vandalism of telecom infrastructure, fibre cuts, theft of sites equipment, incriminate dealing of base transceiver stations (BTS) by government agencies over multiple taxation issue, denial or exorbitant cost of Right of Way (RoW), among others.
                  “In response to these challenges, the growing concerns over the EMF issues and commitment to public safety, the NCC, through the Zonal Operations Department, deems it necessary as one of its core functions to organise this sensitisation workshop to educate and inform the consumers as well as the general public to protect telecom facilities.

                  “As we are aware, telecommunication has been an integral part of our daily lives with provision of services ranging from telephony, entertainment, information and learning over a broad range of media platforms,” she said.
                  The director further noted that over the past fifteen years, the country has experienced tremendous growth in this sector with over 10 per cent contribution to Nigeria’s Gross Domestic Product (GDP), among others.

                  She explained that the achievements would not have been possible without the active collaboration of all relevant stakeholders and the enabling environment provided by government in the sector, stressing that much as the Commission aims to sustain the growth and as the industry continues to evolve, the industry is faced with various challenges that have hampered development in the sector as it relates to infrastructure deployment.

                  While emphasising the Commission’s drive for pervasive broadband penetration, Shehu said the NCC would continue to strengthen collaboration with necessary stakeholders in line with its 8-Point Agenda while also pursuing efforts at making telecom infrastructure a critical national asset.
                  Principal Manager, Technical Standards and Network Integrity, NCC, Kunle Olorundare, spoke extensively on the need to adequately protect telecom infrastructure.

                  He urged telecom consumers living within the communities where telecom facilities are sited to desist from creating illegal restrictions to telecom facilities and report any act of vandalism to the authorities in their areas.

                   

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