Business

Nigeria Launches New Committee to Accelerate IPv6 Adoption,Reappoints Rudman to Lead Push

Published

2 months ago

June 2, 2026

Preport

BY NKECHI NAECHE -ESEZOBOR—The Nigerian Communications Commission (NCC) has officially inaugurated a new committee dedicated to fast-tracking the countrywide migration to Internet Protocol version 6 (IPv6). The establishment of this specialized board, which took place during an industry event in Ikeja, Lagos, marks a decisive regulatory effort to modernize the nation’s digital infrastructure and secure its electronic future.

A prominent telecom executive, Olusola Teniola of ipNX, has been appointed to the newly formed panel. He joins a distinguished group of private sector pioneers and public sector representatives, including Funke Opeke, panel chairman Muhammed Rudman, vice chairman Chris Uwaje, Mary Uduma, Gbenga Adebayo, Lanre Ajayi, and Latif Ladid. Together, this collaborative body will work alongside key government institutions to oversee the technological shift.

Reflecting on the initiative, Teniola emphasized that upgrading the nation’s internet framework is an immediate necessity rather than a long-term goal. He noted that with skyrocketing data usage and the rapid proliferation of next-generation technologies like 5G, artificial intelligence, and the Internet of Things (IoT), Nigeria must build a scalable, secure, and globally competitive foundation to support its expanding digital economy.

The newly formed committee is charged with a comprehensive mandate, which includes drafting a national deployment blueprint, monitoring adoption metrics, and providing regular progress updates. Additionally, the team will focus on overcoming existing structural bottlenecks, enhancing local technical capacity, and recommending policy incentives to encourage universal participation.

Achieving widespread implementation will require deep alignment across network operators, internet service providers, corporate enterprises, academia, and state authorities. Industry leaders stress that this transition is a collective responsibility, requiring deliberate investment in public awareness and skill development to ensure Nigeria remains a frontrunner in the global digital landscape.

The post Nigeria Launches New Committee to Accelerate IPv6 Adoption,Reappoints Rudman to Lead Push appeared first on Business Today NG.

Related Topics:Accelerate AdoptionReappoints committee IPv6 launches lead Nigeria Push Rudman

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Business

FULL LIST: NIIRA 2025: NAICOM Eyes Liquidation for Non-Compliant Operators

Published

3 hours ago

August 3, 2026

Preport

BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission,((NAICOM), on Monday said only eight insurance companies are yet to be verified by the commission.

The commission disclosed this today while releasing the 43 insurance firms that met the new minimum capital requirements set up by NIIRA

According to NAICOM “The eight insurance companies submitted evidence of compliance shortly before the statutory deadline are currently undergoing final verification and regulatory review.

This, the commission said would be concluded within fourteen days.

Insurance companies not listed among the 43 verified firms include those currently undergoing final regulatory review, as well as unverified operators at risk of liquidation—such as NICON Insurance Plc; Goldlink Insurance Plc Nigerian Reinsurance; Nigerian Agricultural Insurance Corporation ; Royal Exchange Prudential Life Plc; Tangerine Life Insurance Limited; Sovereign Trust Insurance Plc; African Alliance Insurance Plc; Guinea Insurance Plc; Regency Alliance Insurance Plc; Staco Insurance Plc; Alliance & General Insurance; Universal Insurance Plc; emPle General Insurance Company Nigeria Limited and emPle Life Assurance Limited.

NAICOM had announced the successful completion of the twelve-month insurance sector recapitalization exercise undertaken pursuant to Section 15 and other relevant provisions of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, signed into law on 31 July 2025 by His Excellency, President Bola Ahmed Tinubu, as part of his administration’s financial sector transformation agenda towards the attainment of a US$1 trillion economy by 2030.

The successful conclusion of the exercise marks a defining milestone in the transformation of Nigeria’s insurance industry and signals the beginning of a new era for insurance in the country.

Following the enactment of NIIRA 2025, the Commission commenced a structured implementation process to provide strategic oversight, ensure transparency, support operators throughout the transition, and facilitate the effective implementation of the new minimum capital requirements within the statutory compliance period.

To ensure an orderly, transparent, credible, and verifiable process, the Commission issued the Guidelines on the Implementation of Minimum Capital Requirements (MCR) for Insurance and Reinsurance Companies in Nigeria.

The Guidelines provided detailed guidance on the statutory minimum capital requirements under NIIRA 2025, eligible and ineligible capital instruments, admissible and non-admissible assets, verification and validation procedures, regulatory timelines, reporting obligations, and supervisory expectations throughout the implementation period.

The post FULL LIST: NIIRA 2025: NAICOM Eyes Liquidation for Non-Compliant Operators appeared first on Business Today NG.

Business

HBM Nigeria, United Capital, Wema Bank top stock pick this week

Published

11 hours ago

August 3, 2026

Preport

Nigerian stocks retreated by 0.8 per cent last week, despite the release of several strong half-year results, as profit-taking pressured trade. Sell-offs in consumer goods stocks fuelled the slide.

This week, more corporate results are expected, notably those of the big banking institutions, which could shape the direction the market may go in the near term.

This week, increased positioning, notably in stocks that pay dividends at least twice a year, could be witnessed as the market awaits the release of half-year corporate results.

PREMIUM TIMES has assembled some stocks with sound fundamentals, adopting rigorous approaches to save you the risk of picking equities at random for investment.

The pick, a product of an analytical market watch, offers a guide to entering the market and taking strategic positions, with the expectation that selected stocks will record reasonable price appreciation with the passage of time.

This is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions.

HBM Nigeria

HBM Nigeria tops this week’s list for its strong fundamentals. The net profit ratio (NPR) of the cement manufacturer is 9.6, while the price-to-earnings (PE) ratio is 18.1x. Its 10-day relative strength index (RSI) is 58.7.

United Capital

United Capital appears on the pick on the basis of its attractive fundamentals. The NPR of the company is 51.2, while the PE ratio is 10.1x.

Wema Bank

Wema Bank makes the selection for its strong fundamentals and for trading below its intrinsic value. The lender’s NPR is 30.5, while the PE ratio is 1.1x. Its RSI is 40.9.