News

ntel Unveils “The Next Frontier” Strategy, Expands into Digital Infrastructure and Real Estate

Published

2 months ago

July 22, 2026

Preport

Telecommunications company ntel has unveiled a new corporate strategy, “The Next Frontier,” marking its expansion beyond traditional connectivity services into digital infrastructure and real estate development.

The strategy, launched in Lagos on July 13, is anchored on ntel’s BET Agenda—Beam, Eden, and Titan—and is designed to accelerate growth through technology innovation, infrastructure development, and strategic asset optimisation.

Speaking at the launch, Soji Maurice-Diya, Managing Director and Chief Executive Officer of NatCom Development & Investment Limited (trading as ntel), described the initiative as more than a business transformation plan.

“It represents the company’s commitment to building an integrated ecosystem that connects people, empowers businesses, drives digital inclusion, and creates sustainable economic value for Nigeria,” Maurice-Diya said.

New Products and Services

As part of the Beam pillar, ntel introduced two new digital solutions:

WakaGo – a global e-SIM service designed for international travellers.
AirFibre – a high-speed fixed wireless broadband service aimed at delivering reliable internet connectivity for businesses.

The company said the new offerings are intended to strengthen its position in Nigeria’s evolving digital economy.

Focus on Infrastructure Expansion

Under the Titan pillar, ntel will expand its infrastructure business through investments in:

Telecommunications towers
Fibre-optic connectivity
Duct infrastructure
Colocation services
Infrastructure-sharing solutions for telecom operators, enterprises, and technology providers

The company said the move aligns with its long-term objective of supporting Nigeria’s growing digital infrastructure needs.

Real Estate Development Takes Centre Stage

A major highlight of the launch was the introduction of Eden, ntel’s real estate development platform, which seeks to unlock value from the company’s extensive property portfolio.

The company unveiled three flagship projects:

Eden Place – a commercial development in Lagos
Nova Place – a commercial project in Port Harcourt
Terenna Court – a residential apartment development in Abuja

According to ntel, the projects will be delivered through strategic partnerships, innovative designs, and long-term investment models.

Business Transformation and Growth

Maurice-Diya disclosed that ntel has recorded significant progress over the past year, including:

Strengthened stakeholder engagement
Strategic business alignment
Ongoing discussions with creditors
Pursuit of partnerships with Mobile Network Operators (MNOs)
Operational restructuring to improve efficiency and optimise infrastructure assets

The company also continues efforts to regain spectrum assets while pursuing strategic partnerships aimed at driving innovation and long-term growth.

Industry Leaders Attend Launch

The event attracted key figures from government and the telecommunications industry, including:

Gbenga Alade, Managing Director and CEO of AMCON
Idris Olorunnimbe, Chairman of the Nigerian Communications Commission (NCC) Board
Adeleke Alex-Adedipe, Chairman of the ntel Board
Gbenga Adebayo, Chairman of ALTON
Tony Izuagbe Emoekpere, President of ATCON

With The Next Frontier strategy, ntel says it is repositioning itself as an integrated technology, infrastructure, and real estate company, leveraging innovation and strategic investments to contribute to Nigeria’s digital and economic development.

Tags: ntel, Soji Maurice-Diya, The Next Frontier, WakaGo, AirFibre, Telecom Nigeria, Digital Infrastructure, Real Estate, NatCom, Nigeria Technology News, AMCON, NCC, ALTON, ATCON, Lagos, Abuja, Port Harcourt

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Related Topics:connectivity drive estate Frontier growth ntel Real strategy Technology Times

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EuroMatch NPFL: Inter Lagos Rescue Point With Late Equaliser Against Kano Pillars

Published

2 hours ago

September 24, 2026

Preport

Inter Lagos fought back in the closing minutes to secure a 1–1 draw against Kano Pillars in an entertaining Nigeria Premier Football League (NPFL) clash at the Onikan Stadium, Lagos, on Wednesday.

The visitors appeared set to claim all three points after taking a first-half lead and stubbornly defending their advantage for most of the contest.

However, Inter Lagos maintained intense pressure through the second half, mounting attack after attack in search of a route back into the game.

Their relentless persistence paid off late in the match when Bashir Abdulkarim capitalized on a defensive opening to slot home the equalizer.

The drama triggered wild celebrations among the home fans as Inter Lagos snatched a hard-earned point from the jaws of defeat.

While Inter Lagos can draw confidence from their resilience, Kano Pillars will be frustrated by their failure to manage the game and secure the victory.

The result leaves both teams with a point each, further reflecting the tight, unpredictable nature of this season’s NPFL campaign.

Business

African Alliance Secures Shareholders Nod to Raise N12bn, Eyes Return to Active Trading

Published

2 hours ago

September 24, 2026

Preport

BY NKECHI NAECHE-ESEZOBOR—The board of directors of African Alliance PLC on Wednesday got shareholders nod to raise N12 billion additional capital to shore up its baseline and meet National Insurance Commission, (NAICOM), Minimum capital requirement.

According to the details made available by the company under the approved resolutions, the Board is empowered to execute the capital injection through various channels, including private placement, rights issue, public offer, asset sales, or zero-coupon convertible subordinated debt notes.

The approval which was granted at the company’s Extra-ordinary general meeting held today in Lagos, shareholders also empower the board to determine conversion terms, allot shares, and revalidate legacy shares where necessary.

The EGM aligns with the Nigerian Insurance Industry Reform Act, 2025 (NIIRA), the Companies and Allied Matters Act, 2020 (CAMA 2020), the Investment and Securities Act, 2025, the Rule Book of the Nigerian Exchange Limited, and other regulations and directives of NAICOM.

Applauding the shareholders for the approval, the Chairman of company, Anthony Isa, said “The approval granted by our shareholders today marks a vital milestone in securing the long-term strength and regulatory compliance of African Alliance Insurance Plc. By authorising the Board to raise up to N12 billion across flexible capital structures—including equity, debt notes, and asset optimisation—we are positioning the company to fully satisfy the recapitalisation requirements of the Nigerian Insurance Industry Reform Act while creating sustainable value for all stakeholders.

The board also got approval as part of and in furtherance of the company’s recapitalisation, approval “to sell, transfer or otherwise dispose of such properties or other assets of the company, whether or not constituting a major asset transaction, on such terms and conditions as may be approved by the board of directors, and permitted by applicable law, subject to the requisite regulatory approvals.”

In addition, the board was also mandated to amend the organisation’s Memorandum and Articles of Association (MEMART) “to the extent necessary or desirable to give effect to the recapitalisation, including any consequential increase in issued share capital and the allotment of shares pursuant thereto.”

Also, Managing Director/Chief Executive Officer Ayobami Ogunkeye, African Alliance Plc, assured shareholders that leadership is thoroughly vetting all potential equity partners in order to safeguard the firm’s foundational identity.

“We are extremely cautious about who we bring on board or align with, because this is a lasting commitment,” Ogunkeye stated. “Many parties have capital, but what drives them? Do they value what African Alliance represents, or are they simply after breaking it up for parts? We are rigorously vetting interested parties to make sure our goals match theirs.”

Ogunkeye disclosed that leadership is actively in talks with the Nigerian Exchange Limited (NGX) and other regulatory agencies to clear up longstanding filing gaps and open the door for the company’s shares to begin trading again.

“There is underlying worth here that matters greatly. We are actively in discussions with the regulators so trading in our stock can be reinstated on the exchange,” he noted. “At present, our share price sits well under its face value, but once this recapitalisation drive is finalised, we anticipate raising the share value to roughly 70 kobo or N1.00, restoring our position among stocks that are actively traded and hold real worth.”

The post African Alliance Secures Shareholders Nod to Raise N12bn, Eyes Return to Active Trading appeared first on Business Today NG.