Author: Ifetayo Adeniyi

The Nigerian Communications Commission (NCC) has initiated a major review of Mobile Termination Rates (MTRs), marking the first reassessment of the charges since the current framework was introduced in 2018. When speaking in Lagos on Tuesday during the presentation of a consultancy document outlining the review process, the NCC’s Head of Competition and Tariff, Mrs. Omotayo Mohammed, said the exercise had become necessary due to significant changes in the telecommunications landscape and broader economy. Mobile Termination Rates are wholesale charges paid by one telecom operator to another for completing calls on a rival network. The NCC regulates these rates to…

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has reinforced its position as a leader in trade by becoming the first bank in Nigeria to partner with CycleFlow, a supply chain finance platform powered by C2FO and backed by the International Finance Corporation (IFC). The platform will connect the Bank with participating corporate buyers and their MSME suppliers, enabling the Bank to offer affordable short-term financing to suppliers by purchasing and discounting invoices accepted for payment by the corporate buyers. These transactions will allow MSMEs to improve working capital by converting sales receivables immediately to cash by leveraging the…

The Airtel Africa Foundation, through Airtel Nigeria, has distributed a total of N50m in first-year funding to 100 Nigerian students under its Airtel Africa Tech Fellowship Programme, strengthening its push to expand digital skills and education access in the country. The initiative targets high-performing but financially disadvantaged 100-level students in public universities studying technology-related courses. It covers tuition, accommodation, monthly stipends, and essential learning tools, including laptop computers. According to the Foundation, each of the 100 beneficiaries received an average of N500,000, with the total disbursement completed as of 29 May 2026. It added that funding will continue throughout the…

Nigeria’s telecommunications and digital services company, Globacom, has launched a new data initiative aimed at heavy internet users, introducing enhanced bundles under its “More Data More Value” offer. The company said the new packages are designed to deliver higher data volumes and improved value for subscribers as demand for streaming, social media engagement, remote work, and online business activities continues to rise across the country. In a statement released on Monday, Globacom said the initiative reflects its commitment to ensuring that customers get more value for every naira spent on data services, while strengthening its position in Nigeria’s increasingly data-driven…

Ecobank Nigeria has reassured of its commitment to driving the growth of Small and Medium Enterprises and promoting local industries as the fifth edition of the Ecobank Adire Lagos Experience concluded successfully on Sunday, 14 June 2026. The four-day international exhibition, which took place at the Ecobank Pan African Centre on Victoria Island, Lagos, served as a vibrant hub celebrating Nigeria’s rich cultural heritage and indigenous fashion. The massive event drew over 30,000 visitors, including shoppers, exhibitors, industry stakeholders, and cultural enthusiasts. Hundreds of local exhibitors took advantage of the fair to showcase a diverse array of Adire fabrics, footwear,…

File: FirstBank logo First Bank of Nigeria Limited has crossed a significant digital lending threshold, recording a historic N1bn single-day disbursement on its flagship salary-backed digital loan product, FirstAdvance. The financial institution announced on Monday that the breakthrough underscores a sharp increase in consumer reliance on automated, short-term credit lines to navigate immediate cash flow pressures without traditional collateral bottlenecks. The bank noted that the rapid scaling of its credit product reflects deep institutional trust in its digital platforms and the effectiveness of its integrated service delivery model across West Africa. Speaking on the development, the Group Executive, eBusiness and…

 Edo Queens, Enabulele Celebrate NWFL Premiership Victory The All Progressives Congress (APC) House of Representatives candidate for Owen Federal Constituency, Hon. Andrew Ijegbai, has congratulated Edo Queens Football Club on their emergence as champions of the Nigeria Women Football League (NWFL) Premiership. Ijegbai described the victory as well deserved, noting that the team’s success was a product of hard work, commitment, discipline, and determination. He added that the achievement represents another remarkable milestone following the club’s historic first league title win in 2024. Edo Queens secured the 2026 NWFL Premiership title on Sunday after playing out a goalless draw against…

Alternative Bank Northern Nigeria’s education gap will not close through speeches alone. Schools need trained teachers, better learning tools, functioning payment systems, and funding to keep classrooms open. The Alternative Bank (‘AltBank’) took that message to the maiden All Northern Schools Conference (ANSC) 2026 in Kano, where it reaffirmed its commitment to advancing education, financial inclusion, and human capital development across the region. The three-day conference convened school owners, education leaders, policymakers, regulators, traditional rulers, and development partners from across the 19 Northern states, under the theme ‘Repositioning Northern Schools for Innovation, Sustainability and Impact.’ Convened by Dr Hadiza Nuhu…

• Roosevelt Ogbonna, described the launch as “not a ceremonial occasion, but a structural one.” The Central Bank of Nigeria (CBN) has launched the Nigerian Overnight Financing Rate (NOFR), a transaction-based benchmark designed to enhance transparency, strengthen monetary policy effectiveness and align the country’s financial system with global best practices. While speaking at the launch, which was attended by regulators, bankers, market operators and development partners, the CBN Governor, Yemi Cardoso, described the initiative as a critical reform that would reinforce the resilience, efficiency and credibility of Nigeria’s financial services sector. According to Cardoso, benchmark interest rates form the backbone…

With the continuous improvement of the paradigm, the Dantsoho-led management of the Nigerian Ports Authority (NPA) has received global acknowledgement as the World Bank named Nigeria’s Tin Can Island Port and Lagos Port in Apapa among the world’s top 20 most improved container ports over the last five years.  In its Container Port Performance Index (CPPI) for 2025, the World Bank listed Tincan Island Ports Complex and Apapa Port Complexes in the category of Top 20 Port Improvement. The CPPI report, which is the sixth edition, evaluates container port performance based on vessel turnaround time and operational efficiency using global…