Telecom
AfriGlobal Unveils Digital Platform in Nigeria Insurance Sector

Afriglobal Insurance Brokers Ltd, has launched Insurtech Digital Platform that enables anybody to buy insurance via mobile devices from start to finish without human intervention.

From the left. Mr. Solomon Egbeleye Ed, Finance,/Operations, Casmir C Azubuike MD/CEO, Mrs Motunrayo Fagbemi, Marketing Coordinator, Victor Olawale Ojedele Head Underwriting.
The App christened Africover247 is designed to enable reporting of claims and processing of payment of claims.
Casmir Azubuike, MD/CEO, Afriglobal Insurance Brokers Ltd, speaking at the launch event on Friday in Lagos, said that Africover247 smart application enables users to buy insurance via mobile devices from start to finish without human intervention.
He explained that App is the first of its kind across application in the insurance industry in Nigeria.
Providing further incites on the usage of the platform, he noted that Africover247 is simple, user friendly and vast for users.

Azubuike noted that Africover247 is a one-stop shop for all insurance services.
He said,” the insurance industry in Nigeria has woken up to the challenge and reality exposed by Covid-19Pandemic and the attendant lockdown.
“It is gratifying to say that Afriglobal has scored another first as anybody anywhere in the globe can buy insurance and report claims via Africiver24.
“You can now buy insurance, have your policy documents delivered within few minutes as well as report and have your claims settled.”
Mr. Rasheed Abayomi, Managing Director of Zulfah Group, the technical partners to AfriCover247, speaking at the launch, said the portal is very user friendly and has potential to change the insurance landscape in the country.
According to him, “the platform has an offer for all, including individuals of all demographics, corporate organization and technology-based companies”.

He listed some key features of AfriCover247 to include chat box, administration, API adaptability, user experience benefits, loss report, claims processing and payment.
“Forms and applications can be easily imported into the application and files uploaded in a variety of format using drag and drop,” he said, just as the customer-centric platform has been designed to enable users report their insurance claim from the comfort of their room and have same processed irrespective of normal working days disruptions in addition to relevant security in place.
He urged for download of AfriCover247 app, with support lines even on social media.
Telecom
Reps Approve NCC’s N479.508Bn Budget for 2026

House of Representatives, during Tuesday’s plenary, approved the sum of N479.508 billion budget for the Nigerian Communications Commission (NCC) for the 2026 fiscal year.

The resolution was passed after the clause-by-clause consideration of the report at the Committee of Supply.
While giving synopsis of the report, Peter Akpatason, chairman, House Committee on Communications, explained that the total sum of N479,508,260,000 is to be issued from the Statutory Revenue Fund of the Nigerian Communications Commission.
Out of the issued sum, N124,440,652,000 is meant for Recurrent Expenditure; N26,779,045,000 is for Capital Expenditure; N32,011,492,000 is for Special Projects, while the sum of N20 billion is for Transfer to Universal Service Provision Fund (USPF), N276,277,071,000 is for Transfer to Federal Government for the financial year ending 31st December, 2026.
Telecom
NCAN Commends NCC for Mandating Telcos to Compensate Subscribers for Poor Services

National Consumers Advocacy Network (NCAN), a consumer advocacy group focused on protecting the rights of consumers, has commended the Nigerian Communications Commission (NCC),for introducing a policy compelling telecom operators to compensate subscribers for poor network service.

In a statement issued on Tuesday and signed by Dr Tobi Olanrewaju, its president, the group described the directive as a bold and consumer-focused intervention.
The group noted that the move, which has already seen major telecom operators begin compensating subscribers with airtime credits, marks a shift from what it described as regulatory leniency to measurable accountability.
“For years, Nigerian telecom subscribers have endured suboptimal service quality with little or no consequence for operators,” the statement read.
“What we are witnessing under Dr Aminu Maida is a clear assertion that regulatory oversight must translate into tangible benefits for consumers. This is not merely about compensation; it is about restoring trust in the system.”
According to Olanrewaju, the policy’s provision for automatic compensation without requiring subscribers to lodge complaints demonstrates a strong understanding of the challenges faced by many Nigerians.
“This intervention acknowledges a fundamental principle that the burden of service failure should not rest on the consumer,” he said.
He added that linking compensation directly to actual service disruptions at the local level sets a new standard in regulatory practice.
The group also praised the Commission’s decision to monitor service quality at the Local Government Area level, describing it as a step towards capturing real user experiences rather than relying on general national data.
Olanrewaju further commended the Commission’s simultaneous push for telecom operators to invest in network upgrades, noting that the approach addresses both immediate and long-term concerns.
“While consumers receive immediate value for past deficiencies, the root causes of poor service are being systematically addressed,” he said.
The advocacy group urged telecom operators to embrace the directive as an opportunity to rebuild consumer trust and improve service delivery.
It also called on other regulatory agencies to adopt similar people-centred approaches in tackling systemic challenges across sectors.
“Dr Maida has demonstrated that regulation, when properly executed, can serve as a powerful tool for social and economic justice,” Olanrewaju added.
The group reaffirmed its support for the Commission’s ongoing reforms and called for sustained collaboration between regulators, operators, and consumers.
It added that the true success of the policy would be measured by lasting improvements in network performance across the country.
Telecom
Telcos Recover N2 Trillion following Crackdown on Indebted Subscribers

Telecommunications operators in Nigeria have reportedly recovered over N2 trillion from subscribers in a sweeping debt recovery campaign that has left millions unable to make calls due to unpaid airtime and data loans.

The aggressive enforcement follows new compliance requirements introduced by the Federal Competition and Consumer Protection Commission (FCCPC), which telecom operators reportedly failed to meet, according to The News Chronicle.
This led to the suspension of airtime and data lending services and triggered a nationwide push to recover outstanding debts.
As part of the measures, indebted subscribers have had their lines restricted from making calls until their loans are fully repaid.
The move has disrupted daily life across Nigeria, particularly for small business owners and workers who depend heavily on mobile connectivity.
The lending service, valued at over N400 billion annually, has long served as a financial lifeline for many Nigerians, especially those without access to formal credit systems.
However, its sudden suspension has forced users to seek alternative means to clear their debts or abandon their lines altogether.
Meanwhile, a legal dispute involving Nairtime Nigeria Limited has added another layer of complexity.
A Federal High Court in Abuja recently ordered MTN Nigeria and Airtel Nigeria to maintain access to key telecom infrastructure, including USSD and SMS services linked to the platform.
Despite the court’s interim injunction, lending services tied to the platform remain unavailable, indicating ongoing tensions between telecom providers, regulators, and fintech firms.
Industry stakeholders warn that the disruption highlights deeper challenges within Nigeria’s digital economy, where telecom infrastructure increasingly supports financial services.
Millions of users who rely on airtime and data borrowing remain disconnected, caught between regulatory policies, corporate disputes, and the need for affordable communication.
As pressure mounts, both regulators and telecom operators are expected to seek a resolution that balances consumer protection with uninterrupted access to essential digital services.
E-Financial3 days agoTax Ombudsman Sets 30-Day Limit for Settlement of Tax Disputes
News3 days agoStakeholders Applaud NiRA’s Leadership in Strengthening Nigeria’s Internet Infrastructure
General News3 days agoUBA Debunks Viral Divorce Claim against Elumelus, Suspects in Custody
E-Business3 days agoNDPC Warns of Offshore Data Risks as 90 Percent of Country’s Data is Hosted Abroad
Broadcasting3 days agoDavid Ogbueli and Unseen Architecture of Global Transformation
E-Business2 days agoFirm Spots Rising Scam Activity Around the 2026 World Cup, from Bogus Tickets to $500,000 “grant” Emails
E-Financial3 days agoAccess Bank Warns Nigerians against Fake WhatsApp Investment Groups using Aig-Imoukhuede’s Identity
General News3 days agoNITDA Partners Galaxy Backbone to Deliver Subsidised Cloud Services to Startups



















