The Senate has commenced moves to unbundle the Nigerian Postal Service with the consideration of a bill to repeal and re-enact the Nigerian Postal Service Act 2004. The bill which scaled second reading on Tuesday was sponsored by Senator Oluremi Tinubu (APC, Lagos Central). Leading the debate on the general principles of the bill, Tinubu said the piece of legislation seeks a reform of the Postal Industry and to make Comprehensive Provisions for the Development and Regulation of Postal Services in Nigeria. According to the lawmaker, the Nigerian Postal Service (NIPOST) which dates as far back as 1852, evolved from an exigency of the colonial administration to a Collection Office of the United Kingdom and eventually, to the NIPOST. She recalled that as at 1st of October, 1960, when Nigeria g...
Vox Media Over $70 billion have been invested in telecommunications infrastructure deployment in Nigeria since the liberalisation of the industry in 2001. The Executive Vice Chairman of the Nigerian Communications Commission, NCC, Prof Umar Garba Danbatta, who made this known said the amount represented a larger chunk of local and Foreign Direct Investment (FDI) attracted into the sector within the period. Danbatta made the remarks on Thursday while delivering the Bullion Lecture 2021 Edition organised by the Centre for Financial Journalism (CFJ), Lagos. According to him, the investment in infrastructures has boosted the economy and provided more opportunities for more Nigerians have access to telecoms services. “Today, the number of active telephone lines being used by Nigerians has signi...
A telecommunications expert in Owerri, the Imo capital, Mr Charles Okeke, has advised the Federal Government to remove the restrictions placed on SIM card registration. Okeke gave the advice at a news briefing in Owerri on Tuesday, while speaking on the effects of the federal government’s SIM Card-National Identification Number (NIN) linkage policy. He urged the government to embrace a more robust system that would encourage healthy partnership between the National Identity Management Commission (NIMC) and service providers to ensure a seamless linkage. He said that the partnership would fast-track the process and alleviate the “unnecessary hardship” faced by Nigerians due to tight deadlines for the exercise. He further said that large crowds of people struggling for attention at NIMC offi...
Nigeria-based fintech solution, NowNow, has said that it will continue to upgrade its services to attune to current realities, such that will drive economic and social growth. Founder of NowNow, Sahir Berry, while speaking on how COVID-19 pandemic has disrupted the financial space recently, mentioned that Nigeria needs to strengthen its fintech space more than before. Berry stated that it was important for Nigeria to tap into the trends and prospects of fintech given the country’s large unbanked or underbanked. He added the company recognised this gap in Nigeria, which informed its investment in the space. “In 2017 we identified that one of the two big problems in Nigeria was lack of youth empowerment and financial inclusion. With a population of almost 100 million youths, we found that ac...
Fix Africa News Magazine The Nigerian Communication Commission (NCC) has instructed telecommunication companies to henceforth roll over subscriber’s unused data to subsequent data subscription. In a statement on Thursday by the NCC spokesperson, Ikechukwu Adinde, said the agency reached the conclusion during its bi-annual meeting with Senior Executives of telecommunication companies on complaints management. The meeting which held virtually focused on consumer relations and complaint management processes. Adinde disclosed that the NCC and the telecom service providers agreed that the compensation policy should be revisited and complied with always to ensure full compliance with the new Complaint Categories and Service Level Agreement (CC/SLA) consented to by the NCC and the service provide...