Tech
Telecoms: How NCC’s strong regulation boosts revenue for govt, banks

The effective regulation off the telecommunication (telecom) sector by the Nigerian Communications Commission (NCC) has strengthened the operators towards effective e-services that boost government and financial services revenue through taxes and levies.
A look at the performance of Nigeria’s major banks and the Federation Accounts Allocation Committee (FAAC) last year revealed that both sides raked huge revenues through e-service windows facilitated by the telecom operators amid challenging/ environment.
The various windows of taxes, levies and service charges became imperative as the increasing reliance on mobile phones, internet services and other connectivity makes it imperative to ensure that the industry operates within regulatory frameworks that promote efficiency, competition and environmental sustainability.
According to the findings by THEWILL, revealed that the Electronic Money Transfer Levy (EMTL) component of FAAC introduced by the Finance Act of 2022, increased significantly from mere N11.4 billion in 2021, to N391.28 billion.
The financial services institutions are huge beneficiaries of the revenue boost created by the various taxes, levies and service charges in consuming the e-services offered by the telecom operators as value chain enablers.
Using the five major banks as benchmark, Zenith Bank Plc, Access Holdings Plc, United Bank for Africa (UBA) Plc, GT Corporation (GTCO) and FBN Holdings recorded combined electronic banking income of N371.39 billion against N291.34 billion achieved in 2022, representing a 27.4 percent increase.
The biggest beneficiary is UBA which raked in N157.12 billion in 2023 against N93.15 billion in 2022, showing a 68.6 percent rise. Access Corporation achieved N101.61 billion compared to N59.65 billion in the previous year, representing a jump of 70.3 percent.
FBN Holdings recorded e-channel income of N66.04 billion against N55.09 in 2022, while Zenith Bank achieved N51.81 billion compared to N45.73 billion in 2022 – representing 19.8 percent and 11.7 percent respectively.
The least is GTCO which grew its e-banking income bv 8.16 percent from N37.73 billion in 2022 to N40.82 billion in 2023.
Electronic banking income represents income taken on transactions processed via electronic channels such as ATM, PoS, mobile banking as well as credit and debit card transactions.
“These transactions rely on the effective performance of the telecom companies as service enablers and conveyors of information between the banks and their clients without which no results can be achieved,” said Engr. Michael Muonye, a telecom service expert.
He added, “If the services of MTN, Airtel or any other service provider is down, the banks cannot do e-service transactions or use their various channels such as mobile banking. Telecom is a very vital sector and this explains why the NCC is strict in its regulation of the industry through policies and relevant oversights.”
Industry experts say, the telecom firms, as the enabler and central to the buoying digital economy, are the inevitable drivers of the rapidly expanding fintech ecosystem and the aggressive financial inclusion strategy.
“Beating the telecom operators into the path of professionalism, efficiency and playing by the rules is one measure the NCC has pursued without reservation to put the telecom industry in the position it should serve the purpose required of it,” said Mike Akhigbe, a telecom specialist in a chat with THEWILL.
According to Akhigbe, the NCC leadership from the outset paid close attention to the telecom operators and ensured they did not misbehave or take undue advantage of Nigeria’s thirst for effective telecom services; and this has created an enabling environment for the citizens to enjoy the benefits of the telecom industry.
The Commission is responsible for creating an enabling environment for competition among operators in the industry as well as ensuring the provision of qualitative and efficient telecommunications services throughout the country.
The mandate has led to the expansion of Nigeria’s digital economy with the inbuilt windows for revenue opportunities across the sectors through taxes, levies and charges as the telecoms act as enablers in expanding the digital economy.
The NCC often engages with stakeholders in the telecom ecosystem with a view to pursuing proactive regulatory interventions targeted at ensuring an enabling operating environment and improving investment climate in the Nigerian telecom industry. This also enhances revenue drive for the government and the corporate bodies.
A similar event, which took place recently in Lagos, was an assemblage of key industry stakeholders with the central objective to analyse the current state of the sector, process the issues, and chart new pathways to a more effective and sustainable regulatory regime for the stability and growth of the Nigerian telecom industry.
The NCC Executive Vice Chairman/CEO, Dr. Aminu Maida, used the opportunity to unveil key drivers for the telecoms industry.
This was part of activities to mark his first 100 days in office following his appointment as the new boss of the nation’s telecom regulatory body by President Bola Tinubu.
Maida, who unveiled the strategic blueprints at an interactive meeting with the media in Lagos, also stressed his commitment to driving a good total customer experience for telecoms consumers in the country.
According to him, all efforts will be deployed to ensure that the sector contributes more, especially in terms of Gross Domestic Product (GDP) to the economy, job creation and more revenue to the government, adding that he would need the support of the media to be able to achieve that.
He noted that one of the key things “we have to recognize is that within the digital economy space the NCC plays a very huge role, because the communications infrastructure especially in this digital age is the backbone of the digital economy and of course the backbone of any nation.
The utilisation of the telecoms sector as a platform for the economic and social development of Nigeria manifests in the tax revenue windows that the effective regulation of the sector by NCC guarantees.
Tech
Check Point Software Recognised on TIME and Statista’s World’s Best Companies 2025 List

Check Point Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, has been recognised for the second consecutive year as one of the World’s Best Companies of 2025 by TIME and Statista. Check Point is featured on the list due to its strong employee satisfaction, revenue growth, and sustainability transparency.
“Being recognised on TIME and Statista’s list of the World’s Best Companies of 2025 is an incredible honor,” said Sigal Gillmore, Chief Human Resources Officer, at Check Point Software Technologies. “This achievement reflects the innovation, dedication, and passion of our people worldwide. It underscores our commitment not only to shaping the future of cyber security, but also to fostering a workplace where talent thrives and employees are proud to belong.”
The ranking is the result of three key survey and research dimensions conducted on a global scale in partnership with Statista:
Employee satisfaction: Statista surveyed over 200,000 workers from around the world on their opinions of employers – both theirs and perceptions of others
Revenue growth: Statista looked for companies with positive revenue growth for the past three years
Sustainability Transparency: Statista evaluated companies’ efforts and achievements across environment, social, and an annual Corporate Social Responsibility (CSR) report
In addition to being recognised as one of the World’s Best Companies of 2025, Check Point has been recognised five times as the World’s Best Cyber Security Employer by Forbes, as a Best Company to Work For by US News & World Report, one of America’s Best Cybersecurity Companies by Newsweek and Statista and included on Fast Company’s World Changing Ideas 2024 list, among other accolades.
Tech
Oborevwori inaugurates ICT/CBT centre in Onicha-Olona, pledges digital inclusion

Delta State Governor, Rt. Hon. Sheriff Oborevwori, Friday, inaugurated an Information and Communications Technology (ICT) and Computer-Based Test (CBT) Centre at Onicha-Olona in Aniocha North Local Government Area, describing it as a milestone in bridging the digital divide and preparing youths for opportunities in the 21st century.
Governor Oborevwori, who was represented by the Secretary to the State Government (SSG), Dr. Kingsley Emu, commended the Nigeria Deposit Insurance Corporation (NDIC) for constructing the facility as part of its corporate social responsibility.
He noted that the state government, through the Ministry of Science and Technology, had equipped the centre with modern ICT tools, furniture, and accessories to make it a fully functional hub for digital learning.
“Today’s event is remarkable, as it brings a modern communication and learning hub right to the heart of our community. With the establishment of this ICT and CBT centre in Onicha-Olona, our young people no longer need to look far for such facilities.
“More than just infrastructure, this state-of-the-art centre represents a bold step in our commitment to bridge the digital divide, empower our people, and prepare Deltans with the skills and opportunities to excel in the 21st century,” the Governor said.
He expressed gratitude to Mrs Diana Okonta, former NDIC Board Member, for her strong advocacy in ensuring the project’s take-off, and acknowledged former Governor Senator Ifeanyi Okowa for approving the first phase of the project.
Oborevwori assured that under his administration’s MORE Agenda, Delta youths would continue to have access to platforms that promote digital literacy, job creation, and self-reliance.
He encouraged the people of Onicha-Olona and the wider Delta community to take full advantage of the opportunities the centre provides.
In his remarks, Majority Leader of the Delta State House of Assembly, Hon Emeka Nwaobi, described the centre as a gateway to effective education, innovation, and economic growth for Onicha-Olona and Delta State at large. He commended the state government the completion of the project.
The Commissioner for Science and Technology, Dr. Daniel Odigie, described the facility as a centre for learning and innovation in coding, app development, data analytics, artificial intelligence, and basic computer literacy.
He said the centre was designed to nurture talent, spark creativity, and unlock boundless potential.
Chairman of Aniocha North Local Government, Hon. Chinye Bazim, lauded Governor Oborevwori for situating the project in the area, noting that it would serve as a game-changer in empowering youths and promoting education.
He also highlighted other state government’s projects in the locality, including the nearly completed Issele-Uku–Otulu Road, Onicha-Ugbo township roads, and the College of Nursing Science at Onicha-Uku.
Also speaking, the President-General of the Onicha-Olona Development Union, Sir Patrick Ejido, said the centre, equipped with 300 workstations, solar power supply, and modern facilities, was a beacon of innovation and empowerment for the community.
He thanked the NDIC, community leaders, and other stakeholders who played a role in making the project a reality, while assuring that the host community would protect and sustain the centre.
The event attracted government officials, traditional leaders, community representatives, and youths.
Tech
‘No more airtime’ – New telecom rival gives Nigerians fresh opportunity

A new telecom company has arrived in Nigeria, aiming to challenge industry giants MTN, Airtel, and Glo.
Lebara Nigeria is inviting Nigerians to reserve their preferred phone numbers through its Number Reservation Portal ahead of its official launch. The company, a subsidiary of London-based Lebara Group, is expected to commence services in the third quarter of 2025.
The portal, featuring the 0724 number series, allows customers to choose combinations with personal significance, such as birthdays, lucky numbers, or simple patterns. It also suggests various numbers, including options similar to users’ current phone numbers on other networks.
Requirements to Reserve a Number
To qualify for a phone number reservation, users must be at least 13 years old and provide basic details to receive a one-time password via email. After verification, they must enter their National Identification Number (NIN), which the system uses to confirm personal information such as date of birth. Verified users can then choose from available numbers, with a confirmation email completing the reservation.
Speaking on the initiative, Mary O. Akin-Adesokan, Lebara Nigeria’s Chief Operating Officer, described the initiative as part of the company’s focus on personalization and customer empowerment. She stated, “Our objective is to synergise personalization with cutting-edge technology, thereby empowering customers to reserve numbers that align with their digital identity. Our readiness with the 0724 series and full interconnect setup underscores our unwavering commitment to seamless integration, customer freedom, and market inclusivity.”
Samuel Alabi, Head of Corporate Communications at Lebara Nigeria, explained: “You buy minutes, not airtime. If your call ends in 30 seconds, you still have 99 minutes and 30 seconds left. That’s the kind of clarity and control we are bringing to Nigerian telecoms.”
According to reports, Lebara Nigeria holds a Tier-5 Mobile Virtual Network Operator (MVNO) licence, which allows it to offer a full range of telecom services. This licence is also the highest category under the Nigerian Communications Commission (NCC) regulatory framework. As a Tier-5 MVNO, the company is authorised to lease infrastructure from existing networks and build its offerings on top.
Lebara to Offer eSIM:
Lebara Nigeria aims to leverage its global experience as an MVNO to provide affordable, high-quality mobile services in Nigeria. The company will operate on existing network infrastructure, offering both SIM and eSIM options, full nationwide coverage, and real-time billing transparency.
Tech
SHOCKER: 13 million social media accounts shuts down (SEE AFFECTED PLATFORMS)

The Federal Government has enacted the closure of approximately 13,597,057 social media accounts due to offensive content and violations of the Code of Practice across platforms, including TikTok, Facebook, Instagram, and X (formerly Twitter).
This information was presented in the “Code of Practice 2024 Compliance Report,” submitted by the promoters of significant interactive computer service platforms, notably Google, Microsoft, and TikTok.
The Code of Practice was collaboratively established by the Nigerian Communications Commission (NCC), the National Information Technology Development Agency (NITDA), and the National Broadcasting Commission (NBC).
The 2024 report, titled “Code of Practice 2024 Compliance Report Highlights Social Media Platforms’ Efforts on Online Harm Protection,” disclosed that a cumulative total of 58,909,112 offensive posts were removed from various platforms throughout the year.
In a statement released on Wednesday, Hajiya Hadiza Umar, NITDA’s Director of Corporate Communications and Media Relations, confirmed these statistics, noting that 754,629 complaints were officially documented.
She commended Google, Microsoft, and TikTok for their ongoing compliance with Nigeria’s Code of Practice for Interactive Computer Service Platforms and Internet Intermediaries.
“The compliance reports provide valuable insights into the platforms’ endeavors to address user safety concerns in accordance with the Code of Practice and the platforms’ community guidelines,” she stated.
Hajiya Umar remarked, “The submission of these reports signifies a notable advancement towards fostering a safer and more responsible digital environment for users in Nigeria.
“It also exemplifies the platforms’ dedication to ensuring a secure and trustworthy online ecosystem for all stakeholders.
“This accomplishment reflects the mandates of the Code of Practice, which requires that major service platforms are registered in Nigeria and adhere to relevant legal provisions, including fulfilling their tax obligations while reinforcing the commitment to online safety for Nigerian citizens.
“While NITDA recognizes these commendable initiatives, we emphasize that the enhancement of a safer digital environment necessitates sustained collaboration and engagement among all stakeholders.
“We remain committed to collaborating with industry participants, civil society, and regulatory partners to further enhance user safety measures, promote digital literacy, and foster trust and transparency within Nigeria’s digital ecosystem.”
Tech
NCC: Tinubu has removed 5% excise duty on telecoms services – Maida

Aminu Maida, the executive vice-chairman (EVC) of the Nigerian Communications Commission (NCC), says President Bola Tinubu has removed the 5 percent excise duty on telecommunications services, as reported by TheCable.
Speaking to journalists in Abuja on Tuesday, Maida said the levy, which had been temporarily suspended, has now been scrapped under the new tax law.
“The excise duty, it was the 5 percent or so, that is no longer there,” he said.
“Before it was suspended, but now the president has been magnanimous to remove it entirely. I was in a room when it was raised, and he said, no, we cannot put this on Nigerians. I was very pleased when the bills came out and we saw his words were followed through.”
On July 6, 2023, Tinubu signed four executive orders, including the suspension of the 5 percent excise tax on telecommunication services to ameliorate the negative impact of tax adjustments on businesses and households.
However, the national assembly, on October 20, 2024, proposed the reintroduction of the excise duty on telecommunications services, gaming, betting, and lottery activities.
The proposal was rejected by the Association of Telecommunications Companies of Nigeria (ATCON), which said it would be unfair for the government to impose an excise duty when it is striving to sustain operations.
Tech
Telecom sector gets $1bn investment boost, says NCC

The Nigerian Communications Commission (NCC) says its decision to return to market-driven pricing in the telecoms sector has spurred over one billion dollars in infrastructure investment in 2025.
Aminu Maida, Executive Vice-Chairman of the NCC, said this during an interactive session with journalists in Lagos on Friday.
He explained that the policy shift, introduced in January and February 2025, allowed mobile network operators to adjust tariffs by up to 50 per cent after nearly a decade of stagnant pricing.
“This act alone, has allowed investments to flow in. We will be revealing more specific figures in the coming weeks after verification, but we are talking about over a billion dollars worth of investment in 2025 alone,” he said.
Maida said that the move restored investor confidence in the sector and reversed a trend of under investment that had slowed network growth and service quality improvements.
According to him, the imbalance in the value chain, where tower companies can adjust prices annually for inflation and exchange rates but mobile network operators cannot had discouraged new investment.
“This is an industry that requires continuous investment. The world is moving ahead, and if we do not create the right conditions, we will be left behind,” he said.
The NCC boss said the commission decided to return to the guiding principles of the 2000 Telecom Policy and the 2003 Communications Act, which allowed market forces to determine fair prices while maintaining healthy competition to protect consumers.
He disclosed that some of the new equipment ordered by operators had started arriving in the country since June, with network expansion and upgrade works already underway.
“We are closely tracking the rollout. We hold weekly calls with operators to monitor how many sites are being built, upgrades done and we step in when they encounter challenges with authorities,” Maida said.
He added that the investments would help address capacity challenges, improve service quality, and ensure Nigeria remained competitive in the global telecom landscape.
The NCC boss also highlighted operational cost pressures facing the industry, noting that operators consumed over 40 million litres of diesel monthly to power their base stations, with most of the product imported.
He said the industry’s dependence on foreign exchange (FX) for importing all network hardware and software added to the challenge, as no major telecom equipment was manufactured locally.
“There is nothing you need to build or upgrade a network today in Nigeria that you can buy locally. Everything from the hardware to the software has to be imported and that requires FX,” Maida said.
On protecting telecoms infrastructure, he said the commission was working with the Office of the National Security Adviser to develop a framework for rapid response forces tailored to the unique challenges in each region.
He noted that threats vary by location, with some coastal areas requiring community-based engagement, while high-insecurity zones may need stronger civil defence presence.
According to him, the protection strategy goes beyond force and focuses on addressing structural issues that make telecom sites vulnerable, such as poor security measures, generator theft and community disputes.
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