General News
AnabelMobile is Simply a Smartphone-Okoye
Nicholas Okoye, managing director/chief executive officer, AnabelMobile is a consummate professional. He has experience in the finance and international capital markets and has worked with Merryl Lynch, United States of America. Okoye was also head of Strategy at the Nigerian Stock Exchange and group executive director at Transcorp and acting chief executive at Nitel for a brief period
Why AnabelMobile
There were two major issues that informed this bold step – if you look at the telecoms industry in Nigeria and of course, Africa, you will find out that there are no local players in the devices and handsets space. It is dominated by international brands and I thought there was a need for a Nigerian appeal in that particular niche of the market space. Particular of interest was once I tried to set the date and time of one of my international brand phones but could not find Nigeria on their menu but every country in the world was there. That was very annoying to me that Nigeria was not recognized by any of these brands meanwhile, they dominate in our market place and make a lot of money from Nigeria. So, I felt that the only reason that is happening is because we are not doing it ourselves and rather than going out to preach to our people on the need to design our own phones and manufacture something that is designed for us with our own embedded technologies, music, aspects that refer to us; I decided we could do it ourselves and put everything together, went out and did it! In addition to that, we decided that within the phone space, it has to be Smartphones. Smartphones are otherwise known as pocket PCs. These are phones that are able to act like computers, so they run on computer operating systems – ours run on Windows Mobile. They have central processing units (CPUs) and chips just like any other computer, and you can actually do your work on the move as if it were your office. Our phones have power point – you can programme your presentations and deliver them from the phone. They also have Excel, Word, Notes, as well as e-mail – all the office software products that you need on the PC or a laptop; you have them on your Anabel Smartphone. So, this tells us that is the future of the telecoms industry – Smartphones – and that was what we felt Africans needed to embrace because you find out that there is a lot of talk about bridging the digital divide in Africa, getting African people to understand and use information technology, but it is much more difficult to train somebody in the village who is barely literate, on how to use a computer. It is quite easy to train them on how to use a computerized phone because most of them are already using phones; they understand phones; they make both local and international calls; grandmas make and receive calls in every village right now. If I were to give grandma a Smartphone, it would be easier for me to train her on how to use it as opposed to training her to use a computer. So, I believe that the future is Smartphones and that is why we went into this business.
Windows Operating System as for AnabelMobile
Windows was chosen after a healthy debate and deep scrutiny of all the operating systems that are available to tier-one manufacturers and new manufacturers like us. We chose Windows because it is the best. That is one reason. Another is that it is the most compatible with PCs. So if you actually want your phone and your PC to be synchronized, Windows Mobile gives the best opportunity to do that because 95 percent of PCs in the world run on Windows operating system. If you want to give people an opportunity to synchronize seamlessly with their handheld devices such as Smartphones, Windows would be an ideal product to do that. Having said that, it is the best operating system; it has very interesting and unique applications which customers enjoy – the Outlook connects your e-mails seamlessly with your office, as well as connects your regular e-mails like Yahoomail and Gmail. It also allows you to do active Live Messenger from your phone. It is a very unique operating system which I think we made a good choice on, and it has Microsoft’s support. For us as new manufacturers, to use untested software system might be more of a challenge. So, that informed our choice of Windows operating system.
Cost of the Devices
There is a price range for the four models of AnabelMobile phones. We have an entry model and the more sophisticated model. The entry model would come out at a price point of about N39, 000; and a price point of about N59,000 for the more sophisticated model. Note that these are not written in stone, they might be adjusted in due course. But, we would try as much as possible to push these phones in an affordable way; we are coming at a very competitive price point. For low income earners, there is the Microfinance Bank. You spread the cost of that phone over 12 months and it comes out to less than N3,500 per month. Now most of the folks in the village who are doing business would need a computerized phone to enhance their operations because the phone is not just about making calls. It can do much more. So if somebody in the village needs to have a sophisticated work tool like this for N39,000, then the Microfinance Bank has an opportunity here and we are going to be meeting with them so that they can support these people in the village to have these kinds of tools.
Capturing Nigerian and African Market
In terms of market share, our focus mainly is the customer. We are going to be a disciplined company; we are going to listen to our customers; we are going to ask them what they want and we will endeavour to deliver on their request. Now, we are setting up a special network site called myanabel.com where citizens of the Anabel community – those who have bought our products and those who feel an affiliation with Anabel brand – can join that community and communicate to us what they think, how we can improve, what we can improve on because nobody has monopoly of ideas. Whatever the customers come up with, once it is consistent and spread across the globe, we will implement those ideas and give customers what they want. We believe that when you focus on the customers, the market share is yours for the taking. So, rather than focusing on the market share, we will focus on the customers, and what they would do is vote with their cash; they will vote with their demand and the rest becomes history. Our prospects depend solely on the customer, if the customer is unhappy with our products, then of course, we will move in a different direction. If otherwise, then our prospects are bright. It is all about what the customer wants; the prospects are tied clearly to that customer approach. We are not going to run our company like some others have done – they come up with ideas and force them down the customers’ throat. We want the customers to tell us what they want and then, we would implement them if they are worth it.
AnabelMobile Factories
We intend to actually have a factory in Nigeria in the next 3 – 4years but that would depend to a large extent on the power situation in the country. We are dealing with an international brand and we cannot be manufacturing at a loss when other international brands are doing that cost effectively. In that case, we need to make sure that the conditions for manufacturing these kinds of products are good and the power situation has been taken care of. I expect it should be taken care of in the next 3 – 4years, so we are planning in that direction.
Introducing Affordability Models
We do intend to service different segments of the market. The market segment that we are focused on now is the businesspersons, the professionals and the sophisticated students. Those aspects of the market that require phones that are little more affordable (if you will) – we would be providing phones for them. They may not necessarily be Smartphones but they would be good feature phones, and we would create features that everyone would be excited about. We have people in our research and development unit in the U.S working on such solutions as we speak, and when those solutions are ready, we will be very happy to announce to Nigerians that we have been able to crack coming up with a feature phone, with the best features in the world at the most affordable price. So, we are working on that but I cannot give you the details of that, but I can tell you that it is something that will make the Nigerian populace and customers very excited.
General News
NDIC Reinforces Full Oversight Compliance to Safeguard Depositors

Mr. Thompson Sunday, the Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), has reaffirmed the Corporation’s strict compliance with fiscal and financial regulations, including the provisions of the Fiscal Responsibility Act (FRA) 2007, noting that the NDIC has consistently remitted the required percentage of its earnings to the Federal Government.

Mr. Sunday made this known during a courtesy visit to the Managing Director/Chief Executive of the Ministry of Finance Incorporated (MOFI), Dr. Armstrong Takang, as part of NDIC’s ongoing engagement with key stakeholders following his formal assumption of office in July 2025.
According to him, NDIC takes financial accountability and transparency seriously, stressing that the Corporation complies fully with statutory remittance obligations, including the payment of 20 per cent of gross earnings or 80 per cent of net surplus to the Federal Government, as applicable. He added that NDIC also submits its financial statements ahead of statutory deadlines.
The NDIC MD/CE explained that this culture of compliance aligns with the Corporation’s role as a key institution within Nigeria’s financial safety-net, charged with protecting depositors and promoting confidence in the banking system. He emphasized that adherence to fiscal discipline remains central to NDIC’s credibility and effectiveness.
Mr. Sunday further disclosed that NDIC also complies with the Federal Government’s 50 per cent cost-to-income ratio policy, although he noted that the policy poses operational constraints. He explained that the deductions affect NDIC’s ability to build a strong Deposit Insurance Fund, which is needed to respond effectively to bank failures.
He stressed that international best practices under the Core Principles for Effective Deposit Insurance issued by the International Association of Deposit Insurers (IADI) require deposit insurers to maintain adequate funds to reimburse depositors when banks fail without recourse to government, adding that the NDIC is seeking an exemption to strengthen its capacity in this regard.
Mr. Sunday described MOFI as a critical stakeholder, noting that the Federal Government, through MOFI, holds a 40 per cent equity stake in NDIC. He said sustained collaboration with MOFI is essential to ensuring that NDIC continues to meet its obligations to government while effectively safeguarding depositors’ funds.
In his remarks, Dr. Takang commended the NDIC for its exemplary collaborative spirit and acknowledged the Corporation’s compliance with fiscal regulations. He assured that MOFI would continue to engage the Federal Ministry of Finance on NDIC’s behalf, noting that a strong NDIC is vital to sustaining confidence in Nigeria’s financial system.
Both institutions reaffirmed their commitment to continued cooperation, transparency and accountability, with Mr. Sunday reiterating that NDIC remains focused on balancing regulatory compliance with its overriding mandate of depositor protection and financial system stability.
General News
T2 Backs Youth Excellence as NCBC Wins Bosun Tijani Foundation Basketball Tournament

T2 has reaffirmed its commitment to youth development and excellence through sport as the NCBC basketball team, adopted by the brand, emerged champions of the Bosun Tijani Foundation Youth Basketball Tournament held at the Alake Sports Complex, Ijeja, Abeokuta.

The tournament, organised by the Bosun Tijani Foundation in collaboration with the Ogun State Government and supported by several partners including T2, brought together 12 competitive teams from across Nigeria, positioning basketball as a powerful platform for youth engagement, discipline, and opportunity.
NCBC’s championship run reflected the values T2 seeks to champion, work ethic, intelligence, teamwork, and resilience. The team recorded commanding victories over Team Vision, Warlords, and Elevate before defeating the Ilupjeu Raiders 66–52 in a gripping final.
Commenting on the adoption of the team, Seni Ogunkola, Vice President, Brands and Communication, T2 stated “NCBC embodies the qualities we believe in, exceptional work rate, intelligence on the ball, discipline, and a hunger to excel. By supporting them, T2 is investing in potential, purpose, and the next generation of leaders on and off the court.”
The climax of the event saw His Royal Highness, Oba Adedotun Gbadebo, the Alake of Egbaland, alongside Nigeria’s Minister of Communications and Digital Economy, Bosun Tijani, present the trophy to the victorious team, drawing rapturous applause from spectators. The event was also attended by the Chief of Staff to Ogun State Governor Dapo Abiodun, Mr. Lere Olayinka, and the Ogun State Commissioner for Sports, Honourable Wasiu Isiaka, underscoring strong institutional support for youth-focused initiatives.
Through its participation in the tournament, T2 continues to position itself as a brand that goes beyond sponsorship, championing platforms that unlock talent, inspire ambition, and create lasting social impact for Nigerian youth.
General News
Ecobank Guarantees Seamless Digital Banking Services Throughout the Christmas and Year-End Period

Ecobank Nigeria, a member of Africa’s leading pan-African banking group, has assured customers of uninterrupted access to banking services throughout the year-end holiday period via its secure and robust digital platforms. The Bank also urged customers to remain vigilant against fraud and scams during the festive season.

Ecobank Bank
Speaking on the development, Victor Yalokwu, Head, Products & Analytics, Consumer & Commercial Banking, Ecobank Nigeria, said the Bank’s digital channels – including the Ecobank Mobile App, Ecobank Business App, USSD *326#, Ecobank Online, OmniPlus, Omnilite, EcobankPay, RapidTransfer, Ecobank Cards, ATMs, PoS terminals, and over 35,000 Ecobank Xpress Point (Agent Banking) locations nationwide – will remain fully available to support customers throughout the yuletide and year-end holiday period.
He noted that customers will continue to enjoy a wide range of services during the period, including local and international funds transfers, bill payments and airtime top-ups, merchant payments, balance inquiries and account statements, as well as cardless cash withdrawals via ATMs.
According to Yalokwu, “Ecobank encourages customers to leverage these digital solutions for safe, fast, and efficient banking, especially during the festive season when convenience and reliability are essential.
“While physical branch operations may be subject to adjusted working hours in line with public holidays, customers can be assured that Ecobank’s digital platforms are designed to deliver uninterrupted service and enhanced security at all times.
“Ecobank remains committed to providing innovative financial solutions and exceptional customer service, and we wish all our customers a joyful festive season and a prosperous New Year.”
Yalokwu also cautioned customers to remain vigilant against fraudsters and scammers during the period. “Before you wrap up the year, tighten your security. December brings online sales, travel, and year-end distractions—this is exactly when scammers are most active. From fake festive deals to cloned merchant sites and suspicious messages, staying vigilant helps keep your money safe.”
He advised customers to shop only on trusted websites, never share their PINs, passwords, or one-time passwords (OTPs), avoid banking on public Wi-Fi networks, be cautious of urgent or emotionally charged messages, and regularly review their account activity.
E-Financial3 days agoNigeria’s N58.18trn Budget and Rising Cost of Deficit Governance
Telecom3 days agoNnaemeka Ani – The Architect of ‘Code and Courage’
Telecom3 days agoMTN Nigeria Appreciates Partners, Customers at Lagos Prestige Experience
Telecom2 days agoT2 Faces NCC Probe in Benue Over Major Service Outage in 9 LGAs
Telecom2 days agoMTN Nigeria Crowns Ayo Benzi Winner of Next Afrobeats Star
E-Business2 days agoJumia CEO says Black Friday Signals Nigeria’s E-Commerce Maturity
E-Financial2 days agoGTCO Secures Regulatory Approvals to Raise N10bn in Private Placement
Telecom2 days agoNCC Grants 45 Days for Telecoms Firms to Fix Unapproved Shareholding Changes












