Business
FG Strengthens NCC Oversight of Telecom Sector
BY NKECHI NAECHE-ESEZOBOR—The Federal Government has reaffirmed its full backing for the Nigerian Communications Commission (NCC) to effectively supervise telecommunications operations, enforce service standards, and ensure compliance across the industry.
Minister of Communications, Innovation and Digital Economy, Bosun Tijani, said the Tinubu administration has granted the NCC full autonomy to regulate mobile network operators without interference.
He stressed that operators such as MTN Nigeria, Airtel Nigeria, Globacom, and T2 are expected to address persistent network issues and improve service delivery.
According to him, the necessary conditions for improved telecom performance have been established, and government will rely on NCC reports, public feedback, and user complaints to assess progress.
Tijani said the government expects clear improvements in call quality, internet speed, and network coverage, while operators that meet expectations will be recognised and those that fail will face sanctions.
He expressed optimism that Nigerians will begin to experience better service quality and improved value for money as reforms take effect.
He explained that when he assumed office in 2023, it was clear that the sector’s challenges were largely due to long-term underinvestment in infrastructure and operational constraints.
To address this, he said the government has secured funding support, including from the World Bank, and launched Project BRIDGE to expand nationwide fibre-optic infrastructure.
He added that additional initiatives such as NUCAP tower deployment and satellite expansion will begin soon, with the goal of significantly improving digital connectivity across Nigeria over the next few years.
The post FG Strengthens NCC Oversight of Telecom Sector appeared first on Business Today NG.
BY NKECHI NAECHE-ESEZOBOR—The Founder and Executive Chairman of Baywood Holdings Limited, Emperor Chris Baywood Ibe, has praised the National Insurance Commission (NAICOM) for encouraging innovation and digital growth within the country’s financial services sector.
Speaking in Lagos, the Baywood founder, noted that the regulator’s forward-thinking approach recognizes digital ecosystems as the primary pathway to deepening insurance penetration and expanding access across Nigeria.
The commendation follows the recent deployment of an operational web aggregator license granted by NAICOM to CBI Partnering Insurtech Limited, a subsidiary of Baywood Holdings.
According to Ibe, this regulatory approval directly aligns with the Federal Government’s newly assented insurance policy, which is aimed at driving comprehensive financial inclusion through digital transformation.
He revealed that the company invested over a year into building a robust technological infrastructure before securing final regulatory approval.
Ibe stated that while the licensing process was stringent to acquire, it served as the final piece of the puzzle for the firm.
He emphasized that long before receiving the official nod, the company had invested heavily in building the technology and preparing for scale, operating on the principle that operational readiness must always precede market recognition.
Operating strictly as a technology-driven marketplace rather than a traditional insurance underwriter, CBI Partnering Insurtech plans to leverage its web aggregator status to bridge the gap between conventional insurance providers and the uninsured public.
The highly scalable platform is web-based, app-driven, and API-ready, specifically engineered to integrate insurers, Health Maintenance Organizations (HMOs), corporate entities, SMEs, and individual retail consumers into a single, unified digital ecosystem.
The post Baywood Boss Backs NAICOM’s Digital Innovation appeared first on Business Today NG.
BY NKECHI NAECHE-ESEZOBOR—Buying and managing insurance policies in Nigeria is about to get as simple as sending a text message, thanks to a new digital initiative aimed at putting complete insurance coverage directly onto smartphones.
CBI Partnering Insurtech Limited, a newly licensed web aggregator and subsidiary of Baywood Holdings Limited, has unveiled an app-driven, web-based marketplace built to dismantle the traditional bottlenecks of the local insurance sector.
Speaking at a media briefing, Executive Chairman Emperor Chris Baywood Ibe explained that the platform was designed with the modern mobile consumer in mind, ensuring that insurance is easy to discover, purchase, and manage from anywhere.
“Whether you are at home, in the office, or traveling across the country, insurance should be entirely accessible via your mobile devices,” Ibe stated.
“For decades, adoption in Nigeria has been constrained not by an absence of products, but by accessibility, complexity, and a lack of customer confidence. We are changing that by bringing the entire ecosystem onto a single digital interface.”
To achieve this, the company is deploying an ecosystem powered by generative AI, advanced algorithms, and interactive chatbots. While clarifying that CBI Partnering Insurtech is a technology marketplace rather than an insurance underwriter, Ibe emphasized that the platform will handle everything from policy creation to seamless claims support right on a user’s phone.
The move comes at a critical time for the industry. With a newly assented Federal Government policy driving digital financial inclusion, Ibe issued a strong warning to legacy underwriters still operating on paper-heavy, offline business models, stating that companies must innovate or face corporate extinction within the next five years.
To ensure consumers have immediate access to a wide variety of mobile-ready products, CBI Partnering Insurtech announced it will provide technical “hand-holding” to traditional insurance companies and Health Maintenance Organizations (HMOs).
The tech firm plans to build custom Application Programming Interfaces (APIs) for operators lagging behind digitally, allowing them to connect directly to the mobile platform.
This collaborative framework aims to give retail consumers, micro-businesses, and corporate organizations instant, transparent access to insurance protection at the swipe of a finger
The post How CBI Partnering InsurTech Plans to Put Insurance Policies Right on Your Smartphone appeared first on Business Today NG.
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