Business

Nigeria’s FX market turnover climbs to quarterly peak at $3.05bn

Nigeria’s FX market turnover climbs to quarterly peak at $3.05bn

Nigeria’s foreign exchange market opened the third quarter of 2026 on a strong note, recording its highest weekly turnover of the current quarter as total...

The Executive Vice Chairman and the Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Dr Aminu Maida has reaffirmed the Commission’s commitment to continued collaboration and partnership with stakeholders to make Nigeria’s telecom industry remain resilient and sustainable. Dr Maida, who stated this while receiving a delegation of the Nigeria Institute of Public Relations (NIPR) led by its President, Dr Ike Neliaku at the Commission’s Head Office, Monday in Maitama, Abuja, noted that the Commission will continue to partner with relevant professional bodies, including NIPR, in promoting public awareness, responsible communication, and stakeholder engagement on issues relating to the telecommunications sector. The EVC commended the NIPR for winning the bid to host the 2026 World Public Relations Forum in Nigeria while noting that the circumstances under which it won the bid offer valuable lessons. "It tells a compelling story of perseverance, strategic communication, and the importance of owning the narrative. It also reflects our ability to convincingly demonstrate to the Global Alliance and other stakeholders why Nigeria deserves the chance to host the forum.” While emphasizing the importance of projecting a positive image for Nigeria on the international stage, the EVC explained that the African Telecoms Union (ATU) Conference of Plenipotentiaries (CPL) has been scheduled to hold in Nigeria in July 2026 urging the NIPR to leverage the event to project Nigeria’s image internationally. On the national level, Dr Maida said the Commission is undertaking education, sensitization and awareness creation on its regulatory initiative to improve accountability and stabilize the sector such as campaigns on Critical National Information Infrastructure (CNII) protection; efficient data usage, directive to mobile network operators on simplified tariff, public coverage map and creating the necessary environment to ensure competitiveness in the industry. The EVC said the tough decisions taken in the telecom sector have begun to yield visible results by the level of investment recorded. “Through the efforts that we have been making to stabilize the sector; we have been able to restore investor confidence. The level of investment we are seeing now is not about keeping the lights on, it is about growing the industry and this is something we have not seen for years before my time; and it is a sign of investors saying we have confidence in the sector, in the reforms of the government, in the regulator and we believe there is opportunity in this market,” he noted. The NIPR President, Dr Neliaku, commended the NCC's commitment to collaboration and stakeholder engagement while acknowledging the Commission's role in advancing Nigeria's digital economy. He expressed the institute's readiness to collaborate on initiatives that promote responsible communication, reputation management, and the creation of public awareness on the Commission’s regulatory initiatives.

Business7 hours ago

NCC restates commitment to continued collaboration with NIPR

The Executive Vice Chairman and the Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Dr Aminu Maida has reaffirmed the Commission’s commitment to continued...

NCC reaffirms stakeholder partnership, says telecom reforms restoring investor confidence

Business7 hours ago

NCC reaffirms stakeholder partnership, says telecom reforms restoring investor confidence

The Nigerian Communications Commission (NCC) has reaffirmed its commitment to strengthening collaboration with stakeholders to sustain the resilience and growth of Nigeria’s telecommunications industry,...

Winpart by CFAO reinforces CSR commitment with Bethesda foundation donation

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Winpart by CFAO reinforces CSR commitment with Bethesda foundation donation

Winpart by CFAO, in collaboration with CFAO Solidarity, has donated €7,000 and N1 million to the Bethesda Child Support Foundation to support programmes aimed...

What Nigeria's new vehicle import duty, green tax mean for motorists

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What Nigeria’s new vehicle import duty, green tax mean for motorists

The Federal Government has commenced the implementation of a new automotive fiscal policy that reduces vehicle import levies while introducing a Green Tax Surcharge on higher-emission...

NIS issues updated guidelines for contactless passport renewal for Nigerians abroad

Aviation23 hours ago

NIS issues updated guidelines for contactless passport renewal for Nigerians abroad

The Nigeria Immigration Service (NIS) has released updated guidelines for its Contactless Passport Application System, providing Nigerians living abroad with a simplified process for renewing their...

Xenophobia: Ningi presses FG to take tough diplomatic stand against South Africa

Business24 hours ago

Xenophobia: Ningi presses FG to take tough diplomatic stand against South Africa

Senator Abdul Ningi, who represents Bauchi Central Senatorial District, has called on the Federal Government to sever diplomatic relations with South Africa over the recurring killings...

National Daily Newspaper

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