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Daar Communications is Africa’s pride – Ndukwe
Executive vice chairman of the Nigerian Communications Commission (NCC) Engr. Ernest Ndukwe last week in Abuja, said the vision and innovativeness of the broadcast giant, Daar Communications must be encouraged as the company has become the pride of Africa in the broadcast and communications industry.
Ndukwe who paid a courtesy call to the chairman of Daar Communications Plc, High Chief Aleogho Dokpesi at the Gbaduma Hills Headquarters of the organization, was particularly impressed with the Daarsat pay television initiative of the company which he said is a major milestone that would project Nigeria and the African continent to the world in terms of opening up competition in the market and exportation of local content.
He said Daar Communications has blazed the trail in the communications and broadcast sector, and has despite the challenges, remained focused, mobilizing a hardworking team, and has achieved success which is a big plus for the Nigerian nation.
"Your initiatives would also encourage technology transfer which is very critical to our development and I can only congratulate Daar Communications for its vision, doggedness, and efforts. We believe your efforts today have given hope for the future and we wish to encourage you to continue to do your best," Ndukwe said
Ndukwe who was accompanied in the visit by the executive commissioner, Licensing and Consumer Affairs, Engr. Stephen Bello, and other top officials of the Commission, said the NCC would continue to support Daar Communications in whatever ways possible to ensure that it realizes its aspiration and vision which has since provided the benchmark for the transformation in the Nigerian broadcast sector.
He said the Commission would seek areas of cooperation with Daar Communications, especially in areas of capacity building through the Digital Bridge Institute, DBI, the ICT training institute established by the NCC.
Dokpesi, who took Ndukwe round the complex for inspection of several installations, expressed gratitude to the Commission for facilitating some of its relationships with the international satellite companies for the delivery of signals across the world.
He said the visit of NCC’s boss to Daar Communications is an encouragement to the organisation, and urged the Commission to continue with the direction that has transformed the telecom sector for the benefit of the country.
Dokpesi, who was joined by elder statesman, Ambassador Segun Olusola to receive Ndukwe said the new initiatives by the company would bring the era of ‘one way traffic,’ which is downloading broadcast signals into the country to a close, as it will now usher an era of uploading broadcast signals from Nigerian to other parts of the country.
Newgate Holds IT Training for Children
Newgate Medical Services Limited has provided ICT training for children of its customers in Ikorodu, as part of its way of giving back to the society.
Olufemi Boyede, chairman, Board of Directors, said at the commencement of the programme that the gesture was to give back to those who have patronized the company over time.
He said his company did not only go into business to make profit but also to put smiles on the faces of the good people of Ikorodu, owing to the fact that it is a medical services provider.
Dr. Ojo Sikiru Olubayo, medical director of the company, said Newgate is an IT-driven organization.
"Most of our consultations and prescriptions are done online. While we are interviewing candidates for employment, we realized that most of the candidates were deficient in the computer knowledge, so we decided that if we should make the populace aware of the usefulness of Information Technology, they should start from somewhere. That was why we decided to set up a project tagged: Computer Awareness Training Seminar, basically for the children of our clients."
Some of the participants said they were happy about the programme as it had offered them the opportunity to learn how to use the computer.
Africa Prudential Plc has reaffirmed its commitment to sustainable growth and digital transformation after posting another strong half-year financial performance, driven by robust growth in its core registrar business, technology-driven solutions and increased activity in Nigeria’s capital market.
Speaking during the company’s H1 2026 Investor Call on Tuesday, the management outlined plans to deepen revenue diversification and accelerate innovation as part of efforts to reduce reliance on interest income and strengthen long-term profitability.
The company reported gross earnings of ₦4.28 billion for the first half of 2026, representing a 27 per cent increase from ₦3.34 billion recorded in the corresponding period of 2025.
Profit before tax rose by 22 per cent to ₦2.41 billion, while profit after tax climbed 18 per cent to ₦1.59 billion.
Net operating income also increased by 27 per cent to ₦4.21 billion, while total assets grew by 13 per cent to ₦46.53 billion. Shareholders’ funds similarly rose by 13 per cent to ₦12.52 billion.
According to the company, the impressive performance was driven by sustained growth in its registrar business, increased corporate actions across the Nigerian capital market, stronger treasury earnings supported by the prevailing interest rate environment and rising adoption of its technology-enabled products and services.African Mineral Wealth
Managing Director and Chief Executive Officer, Dr. Catherine Nwosu, said Africa Prudential is steadily evolving from a traditional share registrar into a diversified technology and business solutions provider serving the broader capital market ecosystem.
Addressing concerns from investors about the sustainability of earnings if interest rates decline, Nwosu said the company was deliberately expanding its non-interest income sources.
“Interest rates influence our treasury income positively, but that is why we are deliberately diversifying our revenue streams. Our strategy is to grow recurring fee-based business lines such as our digital solutions, Know Your Customer (KYC) services, AGM technology, probate services and the SabiVest mobile app. Over time, this will reduce our reliance on interest income and create a more balanced and resilient earnings mix,” she said.
She noted that increasing activity in the Nigerian capital market presents fresh opportunities for technology-driven solutions.
“With capital market activity nearly doubling over the past year, demand for seamless digital investor experiences, improved market efficiency and stronger compliance standards continues to grow. We are investing in technology-enabled solutions that position us to capitalise on these opportunities while delivering sustainable value to our shareholders,” she added.
Looking ahead, the company identified five strategic priorities for the second half of 2026, including driving sustainable growth through its core registrar business and new revenue streams, accelerating technology-led product innovation, strengthening brand leadership, investing in talent development and reinforcing corporate governance.
The investor call attracted institutional investors, shareholders, analysts, regulators and other capital market stakeholders, reflecting strong interest in Africa Prudential’s earnings outlook, revenue diversification strategy and long-term growth plans.
News
IHS Nigeria Donates Business-Support Equipment to Empower People with Disabilities in Abuja Community
Communications infrastructure company, IHS Nigeria, has donated business support equipment to empower people with disabilities within the Karonmajiji community in the Federal Capital Territory, Abuja. This is part of the company’s commitment to drive inclusive community development and sustainable livelihood support under its Project Empower initiative.
The equipment was distributed to beneficiaries during a ceremony held in the community on Monday, July 27. The initiative was conceived following a community needs assessment and is designed to empower active traders by providing them with business tools rather than cash grants, thereby strengthening their businesses and ensuring long-term economic impact and accountability.
Speaking at the event, Director, Sustainability, IHS Nigeria, Titilope Oguntuga, described the initiative as a reflection of the company’s commitment to advancing inclusive development by equipping persons with disabilities with the tools and opportunities needed to build resilient livelihoods.
She explained that rather than providing short-term financial assistance, IHS Nigeria adopted an asset-based approach by donating 50 pieces of business support equipment, including sewing machines, freezers, generators and hairdressing kits, to the selected beneficiaries.
According to her, the intervention is designed to create lasting value by supporting entrepreneurship, promoting self-reliance and strengthening household incomes, while contributing to the achievement of the United Nations Sustainable Development Goals, particularly SDG 1 (No Poverty), SDG 8 (Decent Work and Economic Growth) and SDG 10 (Reduced Inequalities).
In his opening remarks, the Chief of the Karonmajiji Disabled Community, Alhaji Sulaiman Muhammed Katsina, represented by the Secretary of the Community, Alhaji Mohammed Dantani commended IHS Nigeria for its commitment to empowering persons with disabilities through practical and sustainable interventions.
He described the initiative as a demonstration of genuine partnership with the community and expressed appreciation for the company’s continued engagement with the Association, noting that the donation of the equipment was a significant investment in improving the livelihoods of persons with disabilities and would create meaningful economic opportunities for the beneficiaries and their families.
The event brought together traditional rulers, government representatives, leaders and members of the Karonmajiji Disabled Community Association, implementing partners, including Field of Skills and Dreams Vocational Technical and Entrepreneurship (FSD VTE) Training Institute and other community stakeholders, reaffirming a shared commitment to promoting inclusion and sustainable community development.
Project Empower reinforces IHS Nigeria’s commitment to advancing sustainable development through strategic partnerships that promote economic inclusion, strengthen community resilience and create opportunities for underserved communities.
The Chartered Institute of Bankers (CIBN) and the Association of Corporate Communication and Marketing Professionals in Banks (ACAMB) have enjoined banks to further deepen and prioritize financial inclusion, women’s empowerment and sustained growth through strategic mandates and frameworks, aimed at closing the financial gap and empowering more small, and medium enterprise (MSME) owners.
Both organisations made this call during a courtesy visit to the newly invested 24th President and Chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN), Dr. Dele Alabi, Ph.D, FCIB, as part of plans to congratulate him on his investiture as well as seek a stronger alliance between both bodies.
The visit followed Alabi’s investiture where he unveiled his “IMPACT” Vision, themed “Consolidating Our Local Impact, Enhancing Our Global Relevance.”
The vision rests on six pillars: Inclusion across geographic, gender, and generational lines; Membership growth and quality; Professionalism and ethics; Accountability; Competencies and skills development; Technology, automation, and innovation. Other areas of shared interest, include women empowerment, financial inclusion and literacy, as well as MSME clinics, all of which are top on his agenda.
Alabi explained that under him, the institute will be prioritising financial inclusion and women empowerment, because of its realisation that women are often the primary financial managers and caregivers in families. Access to savings, micro-credit, and insurance acts as a safety net during crisis and allows them to significantly improve living conditions.
He added that CIBN would be happy to drive joint knowledge sharing and exchange sessions with CBN and ACAMB across various platforms. “Educating the public through public awareness programmes, with ACAMB as the rallying point, is central to what we do,” he noted.
ACAMB President, Jide Sipe, who led the delegation, spoke in unison with the CIBN president, as he noted that, closing the inbalances in financial access help economies grow faster, reduces inequality, and encourages greater civic participation by all.
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