General News
Transition to Digital Broadcasting Requires Careful Planning – Bolarinwa

Yomi Bolarinwa, director general, National Broadcasting Commission (NBC) a parastatal of the Federal Government of Nigeria, empowered to regulate the broadcasting industry. Under him, the NBC is now evolving defined standards, in all aspects of Broadcasting, by effectively licensing, monitoring and regulating an environment that encourages investment and development of quality programming and technology for a viable industry, which competes favourably in the global information society. Bolarinwa spoke to hilary okeke on a wide of issues
Meeting the Digitisation Switchover Deadline
Yes. There are lots of activities going on already and the target date of June17, 2012 will be met. In October 2009, the African Union ministers of communications met in South Africa and one of their recommendations to African Heads of States was that the switchover date for African countries should be in 2012. The internationally signed agreement is 2015 for UHF and 2020 for VHF. We have signed an international agreement that come June 12, 2015 our transmission will not cause interference to our neighbours’ transmissions. The planning in Nigeria is carefully done so that our switchover date in Nigeria would be met. We are going to start from our border areas, take care of our international agreements and move inwards, until we finally switchover. But we will take it in phases, and it is important for us that come 2012, those border areas are switched off and we won’t be causing interference to anybody; and then we can use the experience to carefully move inwards.
Delayed Whitepaper on Recommendations by Presidential Advisory Committee
We have not stopped working to meet the deadline. We understand that there are certain things that should go on because it is very clear that we must transit from analogue to digital broadcasting. The standard adopted for Nigeria is the DVB-T, which is the standard used all over Europe and would also be used all over Africa, and the planning for transition is based on that.
There is no political intrigue around the yet to be issued whitepaper, government is just trying to ensure that everybody is being carried along. When you give tax or import duty waiver on broadcast equipment, for example, it affects the federation account. We are in a democratic dispensation, and this is not a matter to be decided by the executive alone. Members of the National Assembly are also involved and they need to deliberate and agree that this is what is best for the country. What is being done is to ensure that we have a firm policy on ground, unlike in South Africa and Ghana where problems are beginning to come up due to improper planning. There is no way the federal government would prefer a prolonged transition period (during which there will be simultaneous transmission of analogue and digital signals) because of its cost implications. We do not manufacture any of these equipment, and the longer the transition period, the more difficult it becomes for us to keep our analogue equipment going; and the more old disused equipment are dumped in Nigeria. A short transition period ensures that we can do this without so much cost. If we have a longer transition period, it is going to cost money, and would increase the cost of our eventual switchover. We need to get it right, otherwise we will run into trouble and confusion.
Situation with Broadcast Stations
Most broadcast stations in Nigeria have already gone digital. Broadcasting is a chain, which starts from the acquisition stage (with the microphone and camera), through the production and then the transmission stages. Today, the acquisition and the production parts of the chain are digital. What is left now is the last mile, that is the transmission of digital signals from stations to homes. Viewers at home should have the wherewithal to receive digital signals. So we are looking at the acquisition of a digital receiver or an analogue receiver with an additional equipment called the set-top box, which interfaces with the analogue TV set and converts digital signals to analogue.
Acquisition of New Transmitters
As far back as 2004, the broadcasting industry on its own had agreed that the industry should look at the issue of a central facility provider. When the issue of digitisation came up and the realities dawned on the industry, it was also agreed that a new set of licensees who should provide transmission services, be introduced. A facility provider will be a standalone Nigerian registered company, which understands the business of transmission and has the wherewithal to warehouse transmitters – including microwave, satellite, fibre optics links – since he needs to get signals from the broadcaster, and then transmit to viewers. We know that political decisions are taken in states to buy new transmitters for TV stations, but we are making efforts to get the chairman of the Governors’ Forum so that we can talk to them. The Board members of the National Broadcasting Commission are trying to go round states to advise these political officeholders about the futility of acquiring new transmission equipment, especially for TV stations.
In the digital domain, broadcasters would have the license to provide their content and somebody else would have the license to provide transmission services. If you have your license today as a broadcaster, it does not matter where you do your production. All you need is the ability to send your content to the transmission provider and you are on-air. So business becomes even easier and cheaper for them.
Making Set-Top Boxes Available
With an analogue TV set you need to buy a set-top box in order to receive digital signals from a station like NTA. Considering the economic situation in the country and the fact that many people could barely afford digital ready TV sets, a reasonable option would be using set-top boxes that currently cost an average of $50, which many cannot afford too. As transition moves to the switchover date all over the world though, it follows that large numbers of set-top boxes are required and thus, the cost would reduce. What the Nigerian government might do is to encourage some manufacturers of set-top boxes to open shop here, close the border to the importation of such devices, give them tax holiday or import waiver on every component and provide infrastructure for them. These would bring down the average cost of a set-top box to between $15 and $20. The South African government has provided an enabling environment for manufacturers to make set-top boxes and ensured that they are of the same standard with the ones in other countries within the southern African belt. They provided a big market for the manufacturers, and the price came down to what their citizens can afford. This is what we are considering. The border should also be strengthened so that nobody jeopardizes the whole effort, and the manufacturers encouraged so that we would get a reasonable price and have set-top boxes available to everybody.
General News
Top Nigerian Startups Secure Funding Boost @ iHatch Demo Day Awards

Nigeria’s startup ecosystem received a fresh injection of momentum as top emerging ventures secured funding and investor attention at the iHatch National Demo Day, where Interface Africa clinched the highest prize of $15,000.

The 4th cohort of the NITDA–JICA-backed accelerator brought together founders, policymakers, and venture stakeholders in Abuja, showcasing innovations ranging from clean-energy financing and digital food marketplaces to next-gen fintech tools.
The startups went rounds of running through state-level selections and regional competition. iHatch was established in 2021 as a strategic partnership to create an enabling environment for young Nigerians to develop and scale their innovative solutions.
The iHatch National Demo Day (4th Cohort), is an initiative by NITDA and JICA which provides a clear pathway for homegrown talent to contribute significantly to economic diversification and digital transformation.
After rigorous selection processes, the top founders converged to pitch their innovations, recognised the standout performers, which are:
Interface Africa with $15,000, the firm is driving Nigeria’s clean energy transition by enabling structured and affordable solar financing.
Ahioma with $12,000, the firm enhances food accessibility with a digital marketplace connecting consumers directly to trusted vendors.
Linia Finance with $10,000, the firm is helping Nigerians take control of their finances with tools for budgeting, tracking, and smart money planning.
Chapta got a laptop reward. They delivering an offline-capable school application ensuring consistent, accessible learning for students everywhere.
Softdrop also got a laptop reward, they solve logistics challenges through a modern delivery platform designed for speed, convenience, and efficiency.
General News
Fidelity Bank to Host Virtual Masterclass on New Tax Law

Fidelity Bank Plc, a leading financial institution, will host a free virtual training on the Nigeria Tax Act 2025 (NTA) as part of its commitment to helping small businesses prepare for the upcoming legislation.

Fidelity Bank
The masterclass is scheduled for 10:00 AM (Nigerian time) on Friday, 12 December 2025. It will provide participants with clear insights into changes in the tax framework, the impact on income and business operations, and practical steps to avoid penalties in 2026.
Attendees will also learn strategies to stay ahead in an evolving regulatory environment.
The Nigerian government enacted major tax reforms on 26 June 2025 when President Bola Ahmed Tinubu signed four tax bills into law.
These Acts will take effect on 1 January 2026 and represent a significant overhaul of the country’s tax system.
The reforms aim to modernize and harmonize Nigeria’s tax framework, improve revenue generation, broaden the tax base, and create clearer rules for individuals, businesses, and government agencies.
“Our decision to host this masterclass reflects our commitment to empowering businesses with the right information ahead of the commencement of the new tax regime.
“Information is money and a well-informed business owner is already steps ahead in the race to success.
“This is why we are bringing experts to provide accurate details and demystify the tax act,” said Osita Ede, Divisional Head, Product Development, Fidelity Bank Plc.
Interested participants can register via https://bit.ly/2026TaxLawMasterclass .
General News
PalmPay MD Seeks Deeper Financial Inclusion @ CeBIH Annual Conference 2025

PalmPay, Nigeria’s leading digital banking platform, has renewed its commitment to deepening financial inclusion across the country. At the CeBIH Annual Conference 2025, themed “Reimagining Financial Inclusion through Cultural Shifts in Consumer Credit,” PalmPay’s Managing Director, Chika Nwosu, urged industry players to deepen financial inclusion by embracing community-aligned solutions and customer-centric innovations that can better serve Nigeria’s underserved and unbanked populations.

Speaking during a panel session titled “Social Inclusion, A Veritable Tool for Financial Inclusion,” Chika Nwosu joined other industry leaders to share insights on strengthening participation among women, rural dwellers, low-income earners, and other financially excluded groups.
Chika Nwosu highlighted PalmPay’s commitment to inclusive finance through its 500,000-strong agent network, which enables seamless cash-in/cash-out services for unbanked users across Nigeria. He also emphasised the importance of PalmPay’s USSD platform, 861#, which allows users with basic phones or limited internet access to perform essential financial transactions.
“Financial inclusion goes beyond access; it must be equitable and tailored to real-life needs,” Chika Nwosu said. He shared how PalmPay leverages behavioural insights to design impactful services, including affordable health insurance, reliable bill payments, merchant solutions, and automated savings features that support financial discipline among users.
The session further examined the role of grassroots agents and community touchpoints in driving last-mile adoption. Chika Nwosu noted that PalmPay’s widespread community presence continues to build trust and encourage excluded populations to embrace digital financial tools.
The session was moderated by Ronke Kuye of the CeBIH Advisory Council and featured representatives from E-Doc Online, SmartCash Payment Service Bank, SANEF, and EFINA.
PalmPay reaffirmed its commitment to driving accessible, secure, and inclusive financial services for all Nigerians. PalmPay is a leading digital banking platform driving financial inclusion and economic empowerment in underserved emerging markets. Through its secure, user-friendly, and inclusive suite of financial services, PalmPay empowers individuals and businesses with tools to manage and grow their money.
PalmPay offers a comprehensive range of products, including mobile payments, savings, and micro-insurance via its app and mobile money agent network.
Since launching in Nigeria in 2019 under a Mobile Money Operator license, the platform has grown to over 35 million app users. PalmPay has operations in Nigeria, Ghana, Tanzania, and Bangladesh.
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