A Billion-Dollar Promise to Transform Connectivity TWO years after a landmark partnership between the Federal Government and the World Bank pledged about $3 billion to transform Nigeria’s digital backbone, the reality on the ground tells a different story. The project—designed to deploy 120,000km of fibre optic cables and 7,000 telecom towers—was expected to significantly improve […]
Tariff Cut Sparks Hope, But Prices Stay High THE Federal Government’s recent decision to reduce tariffs on imported vehicles was expected to ease pressure on consumers and lower transport costs. Instead, industry checks suggest the anticipated relief may be limited, as hidden charges, exchange-rate pressures, and port-related costs continue to inflate final vehicle prices. Under […]
Nigeria’s Telecom Sector Faces Twin Pressure NIGERIA’S telecommunications industry is grappling with mounting operational pressure as surging diesel and electricity costs raise expenses, while regulators intensify enforcement over poor service delivery. Industry estimates indicate operators now spend more than ₦65 billion monthly on diesel alone to keep thousands of network sites running, underscoring the heavy […]
Fresh Changes to Banking Charges THE Central Bank of Nigeria has announced a new fee regime that raises the cost of obtaining or replacing ATM cards while eliminating monthly maintenance charges on naira cards. Under the new framework, customers will pay ₦1,500 for new debit or credit cards and for replacements involving lost, damaged or […]
NCC Unveils Major Network Expansion Plan THE Nigerian Communications Commission (NCC) says telecom operators are expected to upgrade 12,000 base stations in 2026 as part of efforts to improve network quality and expand capacity nationwide. Executive Vice-Chairman of the commission, Dr Aminu Maida, disclosed this during a media breakfast meeting in Lagos. He said the […]