The Federal Ministry of Communications, Innovation and Digital Economy has officially launched the ‘Fibre 2 Hostel’ project. It is an ambitious broadband connectivity initiative aimed at delivering high-speed internet directly to student hostels across seven key federal universities. This is a major step towards bridging Nigeria’s digital divide and advancing inclusive education, The initiative is powered by Galaxy Backbone Limited (GBB) in partnership with Tizeti, Huawei, and the National Broadband Alliance Nigeria (NBAN). It is designed to provide secure, high-speed broadband that enables online learning, digital research, and innovation. It will also enable authenticated digital platforms for more than 260,000…
Author: Elvis Eromosele
By Omonaye Okoro As Nigeria continues to grapple with pressing economic and social challenges, it is imperative that our public policies are grounded in data, logic, and a full understanding of our unique national context. One of such policies currently under debate is the call for increased taxation on Sugar-Sweetened Beverages (SSBs), led by internationally funded advocates such as the Corporate Accountability and Public Participation Africa (CAPPA), who argue that taxing SSBs will reduce non-communicable diseases (NCDs) like obesity and diabetes. While CAPPA’s recent report, “Junk on Our Plates,” attempts to portray this tax hike as a bold step toward…
A report by the World Health Organisation says 20 million Nigerians, representing 20 per cent of the country’s population, live with mental health conditions. Dr Azubike Aliche, the Secretary, Board of Trustees of the Nigeria-American Institute for Mental Health (NAIMH), said this at a mental health GAP Action training programme organised by the institute, in Owerri, on Tuesday. The training was organised in collaboration with the Centre for Social Awareness, Advocacy and Ethics (CSAAE), a Non Governmental Organisation. Aliche said that the training, sponsored by the Nigeria Mental Health Practitioners (NMHP) USA Incorporated, would equip non-psychiatrists to be able to…
In an era where Nigeria’s industrial transformation is more urgent than ever, one company is proving that indigenous engineering capacity can not only deliver global-standard results but also empower people, communities, and institutions. That company is Altex Engineering Services Limited, a subsidiary of Felak Concept Group. And its driving force? One of Nigeria’s most formidable industrial minds, Mrs. Aisha Achimugu. With an ambitious vision and a steady hand, Achimugu is transforming Altex into a central player in Nigeria’s evolving technical ecosystem. Altex doesn’t just construct infrastructure or manage projects, it engineers empowerment through cutting-edge solutions across construction, project and facility…
By Elvis Eromosele In the first quarter of 2025, a curious paradox is playing out across Nigeria’s economic landscape. Discerning observers will notice that the nation’s economic landscape tells a story of stark contrasts. On the one hand, households groan under the weight of runaway inflation, forex instability, fuel price hikes, and an unrelenting surge in the cost of living. On the other, a stream of earnings reports from banks, telecoms, FMCGs, and even manufacturing firms show a steady rise in revenues and profits. It almost feels surreal: while the average Nigerian tightens their belt to survive, boardrooms are raising…
Investors in Nigeria’s capital market received a total of N1.1 trillion in cash dividends from listed companies in 2024, marking a significant boost in investor returns and market confidence. Dr. Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC), disclosed this during a recent market update. He revealed that quoted companies had already paid out N1.0 trillion, with the remaining amount expected to be disbursed shortly. “This level of dividend distribution underscores improved corporate performance and renewed investor confidence in the Nigerian capital market,” Agama said. In addition to the dividend payouts, Agama noted that the SEC…
No fewer than 83,236 Nigerians are currently accessing the Federal Government’s consumer credit facility nationwide. Of the number, 50,438 are non-government workers and 32,798 are public sector employees. A further breakdown of the number shows artisans topping the table with 16,769 beneficiaries in the non-public sector and 11,451 teachers in the public sector. The figures are contained in the one year anniversary brief of Nigerian Consumer Credit Corporation (CREDICORP) shared with The Nation at the weekend by Uzoma Nwagba, Managing Director/Chief Executive Officer of the organisation. Nwagba expressed delight with the interest shown in the scheme by Nigerians, saying he…
Nigeria’s broadband penetration rose marginally to 48.15 per cent in April 2025, up from 47.73 per cent in March, according to the latest industry statistics released by the Nigerian Communications Commission (NCC). This translates to 104.3 million broadband connections across the country. While the slight uptick shows continued growth in internet access, analysts say Nigeria is still far off track in achieving the ambitious 70 per cent broadband penetration target outlined in the National Broadband Plan (NBP 2020–2025), which is due to expire later this year. When the NBP was launched in March 2020, broadband penetration stood at 39.85 per…
The Nigerian Communications Commission (NCC) has mandated telecom licensees in Nigeria to inform consumers of major service outages on their networks through media channels, stating the cause(s) of the service interruption, and the area(s) affected by the service interruption/outage, as well as the time that would be taken to restore service. Consumers must also be informed one week in advance where operators have planned service outages. This development, contained in the “Directive on Reportage of Major Network Outages by Mobile Network Operators (MNOs),” is part of the Commission’s drive to ensure timely resolution of outages, enhance quality of experience for…
The Nigerian Postal Service (NIPOST) has crossed a major financial milestone, generating over ₦10 billion in revenue in the last fiscal year. This achievement is part of the agency’s renewed efforts to reposition itself as a key player in Nigeria’s rapidly expanding digital economy. Tola Odeyemi, Postmaster General and CEO, disclosed this during her appearance on Arise TV’s The Beam with Soonest Nathaniel. She attributed the impressive revenue growth to ongoing digital transformation, improved service delivery, and efforts to curb financial leakages. “₦10 billion is just the beginning,” Odeyemi stated. “With the right systems in place, NIPOST can achieve far more.”…