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FG instructs telcos to provide standard service or face regulatory actions

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The federal government has instructed telecommunications operators to improve the quality of service to Nigerians, saying the conditions required for improved service delivery have been established by the government.

The instruction was issued in a statement signed by the Minister of Communications, Innovation and Digital Economy, Bosun Tijani, on Sunday, stating that the operators now have both the capacity and the resources to fix outstanding issues within their networks.

Mr Tijani explained that the Nigerian government has invested in projects addressing foundational gaps in the country’s digital infrastructure, such as ‘Project Bridge’, which are capable of permanently transforming connectivity across Nigeria.

The ‘Project Bridge’ was unveiled in August 2025 as an initiative to achieve nationwide connectivity by extending Nigeria’s national fibre backbone from around 30,000 km to about 120,000 km, connecting all 774 Local Government Areas.

Since then, the project has secured approved investments of $200 million from the African Development Bank (AfDB) Group, $500 million from the World Bank, and $100 million from the European Bank for Reconstruction and Development (EBRD).

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According to the minister, the project will translate into small business owners being able to access reliable, high-speed fibre internet directly at their homes or shops, rather than relying solely on dongles or unstable mobile connections.

“When we assumed office, it was clear that Nigeria’s connectivity challenges were structural, driven by years of underinvestment in infrastructure and constraints that limited the ability of operators to deliver quality service. We have addressed this on two fronts. First, the long term structural solution.

“We have secured funding, led by the World Bank, and established the framework for a special purpose vehicle with Project BRIDGE, to deliver nationwide open access fibre infrastructure. Deployment of fibre will commence, alongside new tower rollouts through NUCAP, before the end of the year even as we also expand our satellite capability.

“These investments will address the foundational gaps in our digital infrastructure over the next two to five years and permanently transform connectivity across Nigeria,” Mr Tijani said.

Sustainability

To further address Nigeria’s connectivity challenges, Mr Tijani said the government has embarked on sustainability efforts to remove limitations affecting operators’ ability to deliver quality service.

He said the efforts include allowing tariff adjustments, alongside broader reforms and efforts to harmonise taxes, as well as macroeconomic reforms including the floating of the naira and the removal of fuel subsidies.

He added that the reforms have now enabled operators to function in a more stable, transparent, and market-driven environment and have returned to profitability.

“Second, the immediate stabilisation of the sector. We took a hard look at the sustainability of the telecommunications sector and made the necessary decisions to restore it.

“This included allowing tariff adjustments, alongside broader reforms such as the designation of telecom infrastructure as critical national infrastructure, efforts to harmonise taxes, and macroeconomic reforms including the floating of the naira and the removal of fuel subsidies,” the minister noted.

Regulations

Mr Tijani stated that the efforts imply that operators now have both the capacity and the resources to fix outstanding issues within their various networks and improve the quality of service delivered to Nigerians.

He said the conditions required for the sector to ensure service standards have been established by the government, noting that operators’ performance will now be monitored by the Nigerian Communications Commission (NCC) to ensure compliance.

READ ALSO: Nigeria needs AI-Skilled civil service to drive productivity – Bosun Tijani

“Let me therefore be clear, the conditions required for improved service delivery have now been established.

“It is now the responsibility of telecom operators such as MTN Nigeria, Airtel Nigeria, Globacom, and T2 to take all necessary steps to resolve network challenges and deliver the level of service Nigerians expect.

“At the same time, the Nigerian Communications Commission, NCC, has been fully empowered, without interference, to carry out its mandate of monitoring performance, enforcing service standards, and ensuring compliance across the industry,” Mr Tijani said.

He added that the communications ministry will continue to rely on the NCC’s periodic reports to track network performance, as well as feedback from Nigerians.

The NCC will also monitor complaints and experiences shared by Nigerians across public platforms, noting that the communications ministry will also engage both the NCC and operators more actively in the days, weeks, and months ahead.

The minister, however, warned that telecom operators that fail to ensure measurable improvements in their services will face appropriate regulatory action.

“Going forward, we expect to see clear and measurable improvements in call quality, data performance, and coverage. Where operators deliver, it will be recognised.

“Where they do not, the commission is expected to take appropriate regulatory action. Nigerians should begin to see improvements in Quality of Service and get value that they paid for now, and in the future. And we will ensure that the sector delivers,” Mr Tijani said.

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Business

Aradel’s annual profit surges 192% as ND Western, Renaissance Africa’s acquisitions lift earnings

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Energy company Aradel Holdings saw its net profit for 2025 increase by 192.3 per cent, compared to what it reported a year earlier, according to its latest audited report, taking its profit after tax to the peak level ever.

The remarkable improvement rested on the ₦393.2 billion translation gain it earned from the business combination it executed last year after acquiring a majority stake in ND Western, an oil drilling firm in which it previously held a non-controlling interest.

Towards the end of 2025, Aradel procured a 40 per cent stake in ND Western in a transaction that took its shareholding in the entity to 81.7 per cent.

The deal involving ND Western, being one of the companies under Renaissance Energy Holdings, raised Aradel’s stake in the latter from 33.3 per cent to 53.3 per cent, making it its majority owner.

Revenue for the period under review grew by 20.4 per cent to ₦699.4 billion, driven by crude oil exports and the sale of refined products.

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Operating profit, which was up by 151.7 per cent, derived strength from the ₦217.1 billion earned as a bargain purchase from acquiring the additional stake in ND Western at a cheaper amount than its fair market value.

Share of profit from associate company stood at ₦109.5 billion, compared to ₦31.6 billion a year ago.

However, the company incurred ₦106.3 billion in fair value loss on step acquisition as a result of legacy expenses in respect of the write-down of a carrying amount from the ND Western asset acquisition.

READ ALSO: Femi Otedola, Paul Enenche named among Nigeria’s 10 ‘Models of Exemplary Fatherhood’

Profit before taxation climbed by 163.6 per cent, while profit after tax jumped to ₦757.3 billion from ₦259.1 billion.

“Our focus in 2026 is on consolidating our expanded portfolio to enhance operational scale, improve efficiency across our assets, increase production and further diversify our revenue base anchored on our long-term ambition to grow the Group’s production to support sustainable, long-term shareholder value,” Adegbite Falade, the CEO, said.

“Reflecting the strength of our performance and confidence in our outlook, the board is pleased to propose a final dividend of ₦23.0 (US$0.016) per share, taking the total 2025 distribution to ₦33.0 (US$0.024),” he added.

The ₦33 total dividend per share is 10 per cent higher than that of 2024 and is equivalent to a potential payout of ₦143.4 billion.


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Reborn @ 66: African Alliance Insurance Promises Absolute Transparency and Solvency

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BY NKECHI NAECHE-ESEZOBOR—The new management of African Alliance Insurance Plc has promised sound solvency management and absolute transparency as the company officially returns to full business operations following a major regulatory restructuring.

Speaking recently in Lagos, the newly appointed Managing Director and Chief Executive Officer, Mr. Ayobami Olakunle Ogunkeye, stressed that the pioneer indigenous life underwriting firm has pledged to uphold the highest standards of accountability and customer-centric service.

According to Ogunkeye, a seasoned turnaround expert, the company’s revival strategy is built directly upon these promises to ensure long-term viability and safeguard the interests of all policyholders.

The company’s renewed assurances follow a decisive regulatory intervention by the National Insurance Commission (NAICOM), which began in October 2024.

Prompted by severe liquidity pressures, operational disruptions, and a substantial backlog of unpaid claims, NAICOM had appointed an Interim Management Board to stabilize the 66-year-old institution.

During the intervention, the interim board successfully cleared over 75 percent of the company’s accumulated legacy liabilities.

Critical capital was unlocked through the competitive sale of a 49 percent stake in PAL Pensions, while trapped dividend funds were secured to clear up to 15 months of annuity arrears.

Additionally, the team transparently transferred the firm’s admitted annuity portfolio to an underwriting institution to secure uninterrupted payments for beneficiaries, upgraded internal ICT infrastructure, and completed vital forensic and actuarial reviews.

With these corrective milestones achieved, NAICOM Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, formally certified the company fit to resume full operations and officially handed control over to a newly constituted board and management team.

Although independent operations have resumed, African Alliance will remain under active regulatory oversight to monitor its ongoing recapitalization progress and solvency compliance closely.

The newly formed leadership structure is headed by Board Chairman Rear Admiral Anthony Odogba Isa. Joining him on the board are Andrew Ubochi as Executive Director, Technical, alongside non-executive directors Chief Boniface Chinedu Moore (SAN), High Chief Olabode Akeem Mustapha, Ataraire Gideon, and Harrison Ogalagu.

Addressing the firm’s diverse stakeholders, Ogunkeye stated that the lessons learned during the recent period of hardship have deeply reinforced the company’s resolve to develop appropriate corporate governance structure

He assured existing policyholders that their trust would be honoured without compromise, while inviting prospective clients to approach the revitalized insurer with full confidence in its financial positioning and operational capacity.

The post Reborn @ 66: African Alliance Insurance Promises Absolute Transparency and Solvency appeared first on Business Today NG.

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