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Queen Maxima Pays Scheduled Visit to NCC

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L-R Tony Ojobo, Director Public Affairs Nigerian Communications Commissions (NCC); Sunday Dare, Executive Commissioner Stakeholder Management, NCC; Her Majesty Queen Maxima of The Netherlands and UN Secretary General's Special Advocate on Financial Inclusion for Development; Prof. Umar Danbatta, Executive Vice Chairman, (EVC) of NCC; and Miss Josephine Amuwa, Director Policy, Competition and Economic Analysis NCC
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Nigerian Communications Commission NCC has played host to Her Majesty, Queen Maxima of the Kingdom of The Netherlands, as part of her global itinerary for advocacy on financial inclusiveness to enhance individual and national development.

 

Her Royal Majesty, who visited the Commission in her capacity as the Special Advocate of the United Nations’ Secretary General for Inclusive Finance for Development, was received with NCC’s renowned warmth and enthusiasm by the Executive Vice Chairman of the Commission, Professor Umar Danbatta, who led other Management staff that include the Executive Commissioner Stakeholder Management, Mr. Sunday Dare.

 

 

Speaking during her visit, She commended NCC’s robust regulation of telecommunication services in Nigeria, its collaboration on national financial inclusion strategy, and promised to support Nigeria to achieve greater safe, sound and sustainable financial inclusion.

 

Financial inclusion according to UN and amplified by Wikipedia, is access to a full range of financial services to all households at a reasonable cost; build around sound and safe institutions governed by clear regulations and performance standards; financial and institutional sustainability for continuity and certainty of investments; and competition to ensure choice and affordability.

 

Prof. Danbatta, Executive Vice Chairman of the Commission, said that available statistics demand a strategic response to ensure greater financial inclusion in Nigeria, and recalled that Nigeria’s National Financial Inclusion Strategy is set to reduce the percentage of the financially excluded adult population in Nigeria to 20 percent by Year 2020, and that as at 2016, about 40.1 percent of the Nigerian adult population are financially excluded.

 

The EVC informed the Queen that NCC is very much committed to the actualization of the National Financial Inclusion Strategy. “Just recently, the final draft of a Memorandum of Understanding between CBN and NCC was signed, and the CBN-NCC Joint Technical Committee on Mobile Money has instituted processes that will ensure that Mobile Network Operators, MNOs, register Special Purpose Vehicles, SPVs, to enable them become Mobile Money Operators (MMOs)” He stated.

 

Prof. Danbatta, praised the Queen for her global efforts at promoting financial inclusion and noted that Her Majesty has been “a leading global voice advancing universal access to affordable, effective, and safe financial services”, a worthy duty and service which Her Majesty’s commitment is further demonstrated by the visit to Nigeria and the Commission.

 

Queen Maxima commended NCC for its numerous regulatory strides and in particular the Commission’s collaboration with other stakeholders especially the Central Bank of Nigeria to ensure greater financial inclusion in Nigeria.

 

She stated that, she was in Nigeria in 2012 when the National Financial Inclusion Strategy was instituted and prayed that Nigeria is able to sustain the ongoing collaboration to ensure the achievement of the Strategy targets.

 

Her Majesty cited Mexico among many nations that have made giants strides in rural connectivity, which is a critical backbone needed to enhance financial inclusion and terms of the identity factor which is also central to financial inclusion programmes,

 

The Queen expressed delight that the National Identity Management Commission is on the right track in discharging its component of the responsibilities towards attaining greater financial inclusion.

 

On Her Majesty’s delegation is Seb Molineus of the World Bank; Sebnem Sener of the Office of the UN Secretary General’s Special Advocate for Financial Inclusion; Dr. Michael Wiegand of Bill and Melinda Gates Foundation, all of who spoke about the potentials of Nigeria and the need to move steadily and quickly towards ensuring financial inclusion for all.

 

Also on the delegation is Nigeria’s Dr. Abi Jagun, the Programme Officer of the Bill and Melinda Gates Foundation’s Financial Services for the Poor.

 

Her Majesty Queen Maxima of The Netherlands is a mother of three, graduate of economics, and former investment banker – was appointed in 2009 as the Special Advocate of the United Nations Secretary General on Inclusive Finance for Development.

 

The Queen has served in this capacity since 2009 amplifying the voice of the UN for the democratization of access to “affordable, effective and safe financial services” to all.

 

Since early 2000, when financial inclusion was identified as correlation to poverty and underdevelopment, the UN has leveraged popular voices such as Her Majesty’s to raise the banner of awareness and instituted programmes to ensure more persons globally are able to access “sound and safe” financial services at reasonable costs to strengthen the fight against poverty and accelerated economic growth and development of nations.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Nigeria, Ghana Trigger Stunning 45 Percent Surge in MTN Dividends

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MTN Group delivered impressive financial and operational achievements for 2025, boosted by strong performances in MTN Nigeria and MTN Ghana, as well as solid earnings from MTN South Africa.

Nigeria, Ghana Trigger Stunning 45 Percent Surge in MTN Dividends

The three core markets of Africa’s largest mobile provider enhanced profitability, free cash flow, and shareholder dividends by 45%.

IT Web Africa reported that Ralph Mupita, group CEO and president, MTN, highlighted that the telecoms giant’s robust commercial momentum across key markets capped the final year of its Ambition 2025 strategy, while laying the foundation for a new long-term growth phase under Ambition 2030.

“The Group’s overall performance in 2025 was excellent. In the final year of our Ambition 2025 strategy, we were proud to have exceeded the 300 million customers milestone,” he said.

MTN revealed that it now serves more than 307 million voice subscribers, 172 million data users, and 70 million Mobile Money customers across 16 African markets, reflecting the continent’s growing demand for digital connectivity and financial services.

The operator credited its results to disciplined commercial execution and sustained investment in network infrastructure, with R38 billion spent during the year to expand capacity, improve coverage and enhance service quality.

The group reported that data traffic surged 27%, while average monthly data consumption per user climbed to 12.5GB, up from 10.8GB a year earlier, reflecting Africa’s fast-growing appetite for digital services.

Financially, the performance was driven by MTN’s largest markets.

In constant currency terms, MTN Nigeria grew service revenue by 54.9%, while MTN Ghana increased service revenue by 35.9%.

Meanwhile, MTN South Africa recorded 2% growth, demonstrating operational resilience in one of the continent’s most mature and competitive telecom markets.

MTN Group service revenue rose nearly a quarter to R218 billion, while earnings before interest, tax, depreciation and amortisation climbed to R98.5 billion, supported by R3.6 billion in expense efficiencies.

Mupita stressed that the strong results translated into robust free cash flow and improved return generation, allowing the board to declare a dividend of 500 cents per share, up from 345 cents the previous year.

“This comfortably exceeds the minimum dividend of 370 cents we had previously guided,” he said.

The group also announced a R6 billion share buyback programme as part of an enhanced shareholder remuneration framework aimed at delivering stronger long-term returns.

Alongside its results, MTN unveiled Ambition 2030, a strategy centred on three platforms, connectivity, fintech and digital infrastructure, as it seeks to capture the next wave of growth driven by data adoption and financial inclusion across Africa.

“We are hugely excited about Africa’s potential. We are well positioned to leverage our scale, footprint and brand leadership to capture the significant structural growth opportunities identified,” said Mupita.

 

Source: IT Web Africa


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ATCIS Urges FG to Ensure Safety of Consumers Data

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Association of Telephone, Cable TV, and Internet Subscribers of Nigeria (ATCIS) non-profit consumer rights group dedicated to protecting the rights, interests, and welfare of telecommunications subscribers, has urged the Federal Government to ensure safety of telecom consumers’ data hosted by government agencies.

ATCIS Urges FG to Ensure Safety of Consumers Data

Dr Sina Bilesanmi, president of the body stated this World Consumers Day in Lagos.

He alleged that said subscribers” data are being jeopardised by some of its agencies.

Bilesanmi urged government to ensure that every subscriber in Nigeria can use digital service without fear of physical, financial, or data-related harm.

The ACTIS president said safety in the telecommunication sector extends beyond physical hardware to include data privacy and protection from cyber fraud.

“We call for stricter enforcement by the Standard organization of Nigeria (SON) to eliminate substandard mobile devices and Cable Tv equipment that pose fire or electric hazards.

“We also want safe services from telecoms that are transparent – free from hidden charges and misleading advertisements”, he said.

He urged subscribers to utilize platforms like ACTIS as well as NCC and even FCCPC web portal when they encounter service failures.

He also tasked FG on hosting Nigerian Data Privacy in the country.

He said: “We ask for more robust surveillance and swifter penalties for entities that violate consumer safety standards. We admonish the subscribers to be aware and speak out, a vigilant consumer is a protected consumer.”


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PwC Warns Nigeria Telcos of AI Fraud Risks

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Telecom companies should invest in sophisticated anti-fraud tools that employ machine learning and Artificial Intelligence (AI) to enhance detection and response times while conducting regular audits to ensure that systems remain up-to date and effective.

PwC Warns Nigeria Telcos of AI Fraud Risks

That’s according to Pricewaterhouse Coopers (PwC’s) latest paper on AI fraud in the Telecom sector.

The paper notes the dual role of Artificial Intelligence as both a threat and a shield highlights the need for Nigerian telecom operators to adopt AI deliberately and strategically.

It calls for a deeper understanding of how technological disruption is transforming fraud risks today and how those risks may evolve in the.

The professional services firm noted that the rapid adoption of AI is reshaping the fraud landscape in the telecommunications sector, enabling criminals to automate scams, impersonate victims through deepfake technologies, and scale fraudulent schemes with unprecedented speed.

The 16-page report, titled ‘AI’s Dual Role in Telecom Fraud’, noted that while AI is helping fraudsters launch more sophisticated attacks, the same technology can also serve as a powerful defensive tool for telecom operators and financial institutions.

“AI has tremendous potential to drive positive change across sectors, but it also enables fraudsters to create and disseminate scams quickly and at scale,” PwC said, warning that the expanding digital ecosystem linking telecom networks and financial services is creating new vulnerabilities.

Fraud has long posed a significant challenge for telecom operators worldwide, resulting in financial losses, reputational damage, and regulatory scrutiny.

Globally, telecom fraud was estimated at approximately $38.95 bn in 2023, highlighting the scale of the problem. In Nigeria, the sector has also faced rising risks.

According to the Nigerian Communications Commission (NCC), citizens lost approximately N12.5 bn to telecom-related financial crimes between 2019 and January 2023.

PwC said the growing integration between telecom networks and financial services, such as mobile money platforms and digital banking, is further complicating the fraud landscape.

“When fraud occurs across interconnected platforms, both telecommunications and financial services providers face regulatory scrutiny and erosion of customer trust,” the report said.

The firm added that telecom operators are increasingly becoming critical infrastructure for digital financial services, exposing them to greater risk as criminals target the ecosystem.

Despite these risks, PwC said telecom companies have a unique advantage in the fight against fraud due to the vast amount of network and customer data they possess.

By deploying advanced AI systems, telcos can detect suspicious activity patterns, flag unusual call behaviour, and identify fraudulent transactions in real time.

For example, AI-driven pattern recognition can analyse large datasets to detect irregular call durations, unusual call frequencies, or activity occurring at odd hours, indicators that may signal fraudulent activity.

Machine learning models trained on historical fraud cases can also help identify subtle warning signs that traditional detection systems might miss.

PwC noted that some telecom operators are already deploying AI-powered spam detection tools capable of analysing hundreds of behavioural parameters to determine whether a message is fraudulent.

Real-time data analysis, the firm added, can allow companies to block fraudulent activities before they cause major financial damage.

Beyond fraud detection, AI can also help organisations respond more effectively to incidents.

Using natural language processing, generative AI systems can convert technical security data into simplified reports tailored for regulators, executives, and compliance officers.

However, PwC said technology alone will not be enough to curb the growing threat.

The firm stressed that stronger collaboration between telecom operators, financial institutions, and regulators is essential to prevent fraud from spreading across digital platforms.

Telecom companies, it said, possess sophisticated tools capable of monitoring call patterns and network behaviour, which could help banks detect suspicious activities such as SIM swap attempts.

At the same time, banks have developed advanced fraud detection algorithms that could enhance telecom operators’ ability to identify suspicious activity across their networks.

“By sharing insights and real-time threat intelligence, both sectors can strengthen their individual and collective defences,” PwC said.

The firm cited international examples where such collaboration has improved fraud detection and response times, including initiatives in the United Kingdom, Singapore, Australia, and the Philippines. PwC also emphasised the importance of closer engagement with regulators such as the Central Bank of Nigeria and the Nigerian Communications Commission to ensure clear and responsive regulatory frameworks that support innovation while protecting consumers.


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