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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

EFCC Hands Over Recovered N140m to Loan Firm in Lagos

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The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Directorate 2, Okotie-Eboh, Ikoyi, Lagos, have handed over the sum of N140million to an investment and money-lending company, B4 Sail Limited.

The recovery of the funds, handed over in bank drafts by the Acting Zonal Director, Lagos Zonal Directorate 2, Assistant Commander of the EFCC, ACE I Bawa Usman Kaltungo, followed investigations into an alleged case of obtaining money by false pretence and diversion of funds involving one Jacob Oyebola Esan and companies linked to him.

In a petition submitted on April 20, 2026, B4 Sail Limited alleged that Esan, on behalf of his company, Geo Fields Plc, had approached the company in August 2025 for a N500 Million Naira loan facility to boost his business.

The loan facility, according to the petitioner, attracted an interest rate of 15 per cent per month and had a tenor of one month.
Investigation revealed that Esan, who is the first suspect, had previously obtained other loan facilities from the company, bringing his total loan exposure to N1,065,000,000.00 (One Billion, Sixty-Five Million Naira).
It was also revealed that Esan pledged shares held by him as collateral for the facilities through Calyx Securities Limited, the clearing house for the stocks, with the understanding that the shares would be subject to a lien in favour of B4 Sail Limited and that the company would have the first right of payment upon the sale of the shares.

The lien, investigation revealed, was communicated to B4 Sail Limited through a letter signed by the second suspect, Gbolahan Azeez Bello, Managing Director, Calyx Securities Limited.

Further investigation, however, revealed that the shares pledged as collateral had been sold without the knowledge of the petitioner, resulting in the suspect’s alleged default in repaying the facilities.
Consequently, the outstanding loan and accrued interest had risen to N2,250,500,000.00 (Two Billion, Two Hundred and Fifty Million, Five Hundred Thousand Naira).

Speaking during the handover ceremony, Kaltungo stated that the recovery “represents a further step in the Commission’s efforts to ensure that funds and assets recovered in the course of its investigations are appropriately returned to legitimate owners and victims in accordance with due process.

The post EFCC Hands Over Recovered N140m to Loan Firm in Lagos appeared first on Business Today NG.

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Dangote Refinery to double workforce in expansion push

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Dangote Petroleum Refinery and Petrochemicals FZE plans to double its labour force to meet its target of doubling its processing capacity by 2029.

“Well, within the refinery, the workforce will practically become double, except in the water treatment section, because there we already have substantial capacity,” Edwin Devakumar, vice president, oil & gas and fertiliser at Dangote Industries Limited, told journalists at the refinery in Lagos on Friday.

He observed that labour expansion in the transport segment might not be significant, except in the case of an increase in local consumption.

“Obviously, we don’t expect a substantial increase in the consumption of petrol and diesel within the country in the short term,” he added.

The oil processing plant is on a drive to raise N2.2 trillion ($1.6 billion) in equity capital from retail investors to finance a major expansion from 700,000 barrels per day (bpd) to 1.4 million bpd.

On Monday, when it opened its order book to the public, setting the capital raise programme in motion, overwhelming subscription traffic, which attracted billions of naira in demand to the offer in its first few minutes, triggered downtime across a couple of trading platforms across Nigeria.

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Bamboo and Cowrywise, two of several fintech and digital application channels approved by Nigeria’s Securities and Exchange Commission to facilitate transactions for the offer, reported outages on their social media posts, with Bamboo said to have seen a 1,000-fold jump in traffic compared to regular days.

The pan-African share sale, dubbed by Mr Dangote as “the people’s IPO,” is broadly tapping into Nigeria’s fintech infrastructure to drive inclusion across the continent’s most populous country, with a minimum subscription of 10 units, equivalent to N5,250.

Towards that end, the transaction is targeting investors as diverse as traders, cooks, drivers and managers, giving “every human being living on the continent to be part of this action,” Mr Dangote told attendees at the sign-off ceremony of the offer documents in Lagos last week.

The green shoe option in the offer gives Dangote Refinery the flexibility to allot 30 per cent of the excess shares if the IPO is oversubscribed.

Should that happen, it will make the IPO not just Africa’s biggest yet but also the largest-ever among frontier markets, Temi Popoola, the CEO of the Nigerian Exchange (NGX), said this week while responding to questions on CNN.

Compared to the first phase of the refinery project, which cost $20 billion and suffered construction delays, the expansion will cost less, Mr Devakumar said, because there won’t be a need to build most of the infrastructure used in the first stage, including a granite quarry and a port facility.

“The equipment, per se, will be the same because it’s a replica. But at the same time, we are trying to cut down on engineering and design costs because most of that will again be a replica. So we have told the design engineers, reduce your cost, and they have already agreed,” he said.

The current expansion plan at the fertiliser unit is expected to increase annual output from 3 million tons to 12 million tons.

READ ALSO: What Dangote IPO signals – NGX Chairman

Apart from Lagos, where it is pursuing a primary listing, the Dangote Refinery is also looking to float its shares on bourses in Africa, including Johannesburg and Nairobi. A cross-border listing outside Africa, most likely in the US, is under consideration and could happen in three to four years.

According to Minister of Industry, Trade and Investment Jumoke Oduwole, listing the refinery’s shares on the NGX could lift market capitalisation by $60 billion.

The company logged $1.8 billion in after-tax profit for the six months to June, when revenue topped $13 billion, according to the offer prospectus, riding on the soaring oil prices that followed the outbreak of the US war against Iran.

That compares to a net loss of $476 million recorded for last year.


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