General News
Finance Minister Confirmed to Speak at the Nigeria Summit 2014
Ngozi Okonjo-Iweala, coordinating minister for the Economy and Finance, has just confirmed to speak at the Nigeria Summit 2014 according to Economist Events, organizers of the summit.
Okonjo-Iweala will be joining 350 global leaders comprising government ministers, international investors and leaders of Nigerian society for the Nigeria Summit, scheduled for March 24 -25 at the Intercontinental Hotel in Lagos.
One of the key themes driving this year’s summit will be how Nigeria can turn its unprecedented economic growth into wider social prosperity.
This discourse comes at a fascinating time in Nigeria’s development. A recently recalculated GDP suggests that Nigeria’s economy is now the biggest in sub-Saharan Africa.
How Nigerian leaders employ this economic power to tackle poverty and uneven development, remains a key question for the country and potentially the strategic issue for the nation.
As The Economist Events has stated, “as Nigeria reflects upon this historic milestone, delegates will be looking to the country’s future. Joined by key Government ministries, international investors, industry and business leaders, the summit will explore the next stage of Nigeria’s great economic and social transition.”
The architects of Nigeria’s future will be in attendance.
Alongside Okonjo-Iweala; the summit will feature key speakers including Minister for Agriculture, Akinwunmi Adesina; Minister for Communications Technology, Omobola Johnson; Special Representative of the Chinese Government for African Affairs, Zhong Jianhua; Founder and Chairman, Indorama Corporation, Sri Prakash Lohia; and Managing Director of Investments and Secretary of the Investment Committee, Wendel Group, Stephane Bacquaert.
Okey Enelamah, chief executive officer of African Capital Alliance (ACA) a speaker at this year’s event has said, ‘We are proud to announce our affiliation with The Economist Events’ Nigeria Summit 2014.
Nigeria’s sustained economic growth over the past decade together with its positive economic outlook makes the country a promising investment destination for foreign investors.’ He added that private equity firms have become attractive vehicles for foreign investors seeking to invest in Nigeria.
Other speakers include: Mohamed Alabbar, Chairman, Emaar Properties; Arunma Oteh, Director General, Nigerian Securities and Exchange Commission; Bishop Matthew Hassan Kukah, Catholic Diocese of Sokoto; and Tony Elumelu, Chairman, Heirs Holdings.
The speakers will be addressing a series of strategic challenges and opportunities. Some of the big questions that will be under investigation include; what is Nigeria’s future relationship with global powers and major trading partners in Asia? How can economic growth be used to improve security and harmony in the country? Does the future look bright for Nigeria’s growth sectors, including agriculture, ICT, healthcare and financial services. And crucially how can Nigeria turn growth into wider prosperity?
The Summit is organised by The Economist Events and supported by the Platinum sponsors: Etisalat, FirstBank, GT Bank, Siemens and Standard Chartered; Gold sponsors: Accenture and Hangar 8; Silver sponsor Oando; Exhibitor sponsors Oracle and P&G; and Official logistics supplier: DHL.
Nigerian Communications Commission (NCC) has unveiled a forward-looking strategy that places satellite-enabled mobile connectivity at the heart of the country’s drive to bridge its long-standing coverage gaps.
The draft Spectrum Roadmap for the Communications Sector for 2025 to 2030 lays out how satellite technologies could help deliver reliable voice and data services to millions of Nigerians who live beyond the reach of conventional mobile networks.
The direction is outlined in the Commission’s draft Spectrum Roadmap for the Communications Sector covering the period.
The proposed approach highlights non-terrestrial networks as a complement to existing mobile infrastructure, especially in areas where terrain, insecurity, or high costs limit the deployment of base stations.
The NCC said D2D satellite technology, which allows standard mobile phones to connect directly to satellites, is gaining traction globally as a means of delivering voice and data services without reliance on ground towers.
According to the regulator, the technology could help close persistent coverage gaps in rural, riverine, and border communities that remain outside the reach of conventional networks.
It also noted that satellite-backed connectivity could improve network reliability by providing alternative links during fibre cuts, power failures, or other disruptions affecting terrestrial systems.
The Commission added that wider adoption of D2D services could support emergency communications, public safety operations, Internet of Things applications, and services such as smart agriculture in underserved regions.
It also pointed to potential investment opportunities through partnerships between mobile network operators and satellite companies, including more efficient use of shared spectrum resources.
Beyond D2D services, the roadmap places emphasis on Low-Earth Orbit satellites to expand broadband access to remote parts of the country.
It also proposes better utilisation of Geostationary Orbit satellites and the exploration of high-altitude platforms, such as stratospheric balloons, to support mobile backhaul and rural connectivity.
The policy signals come shortly after Airtel Africa announced an agreement with SpaceX to introduce Starlink-powered direct-to-cell services in Nigeria.
The NCC’s roadmap is expected to shape future spectrum allocation, licensing decisions, and technology adoption across the telecommunications sector.
General News
House of Reps Releases Certified Copies of Tax Reform Acts amid Gazette Discrepancy Claims
House of Representatives has released certified true copies of the four tax reform Acts signed into law by President Bola Tinubu, addressing public concerns over alleged discrepancies between legislative versions and circulated gazetted documents.
Tax Reform Acts
House spokesperson, Akin Rotimi, disclosed this in a statement, noting that Speaker Tajudeen Abbas directed the immediate publication of the Acts—including endorsement and presidential assent pages—for public verification, in collaboration with Senate President Godswill Akpabio.
The move followed allegations raised by Rep. Abdulsamad Dasuki on the House floor, highlighting inconsistencies between Bills passed by the National Assembly and executive gazetted versions, which he warned could erode legislative integrity and public trust.
Abbas constituted a seven-member ad hoc committee chaired by Rep. Aliyu Betara, with members including Idris Wase, Sada Soli, Adedeji Faleke, Igariwey Iduma, Fred Agbedi and Babajimi Benson, to investigate the alleged alterations, unauthorised circulation and preventive measures.
The committee’s mandate includes probing circumstances around the discrepancies, while Abbas ordered internal verification and public release of certified copies to dispel doubts and safeguard legislative records. Legal experts, tax professionals and civil society had demanded clarification and implementation suspension amid heated debates triggered by Dasuki’s intervention.
The released laws comprise the Nigeria Tax Act, 2025; Nigeria Tax Administration Act, 2025; National Revenue Service Establishment Act, 2025; and Joint Revenue Board Establishment Act, 2025, described as foundational to modernising Nigeria’s tax system.
These reforms aim to enhance compliance, curb inefficiencies, eliminate overlaps and bolster fiscal coordination across federal, state and local tiers, following extensive stakeholder consultations, committee reviews and plenary debates under Abbas’s leadership.
Rotimi reassured Nigerians: “The National Assembly is an institution built on records, procedure, and institutional memory. Every Bill, every amendment, and every Act follows a traceable constitutional and parliamentary pathway.”
He emphasised that only National Assembly-certified versions hold authority, urging the public, institutions and stakeholders to disregard all other circulating documents as unofficial.
MultiChoice, a CANAL+ company, has retained the distribution rights to 12 Warner Bros. Discovery thematic channels following the signing of a new multi-year, multi-territory agreement between CANAL+ Group and Warner Bros. Discovery, marking a significant expansion of their long-standing partnership.
MultiChoice
The new deal, which spans several regions across Africa and Europe, covers the distribution of HBO Max as well as the renewal of selected Warner Bros. Discovery thematic channels. It represents a major milestone in the companies’ international collaboration and strengthens content offerings across MultiChoice Group territories.
MultiChoice disclosed that this agreement builds on earlier partnerships concluded in Europe. “It builds on the landmark agreements concluded in France in 2024,including the renewal of the exclusive pay-TV window for Warner Bros. Pictures films just six months after their theatrical release in France and the integration of HBO Max within select CANAL+ group offers – as well as in Poland in 2025, with the renewal of the distribution agreement for 22 thematic channels (including TVN 24 and Eurosport) and 4 free-to-air channels (including TVN).”
Under the renewed arrangement, MultiChoice Group will continue to distribute 12 Warner Bros. Discovery thematic channels across its territories, with some channels offered on an exclusive basis. CNN International and Cartoon Network will remain exclusive to South Africa while being distributed non-exclusively in other markets. Cartoon Network Porto will be exclusive in Angola and Mozambique and non-exclusive elsewhere. Other channels such as Discovery Channel, TLC, HGTV, Food Network, TNT Africa, Travel, ID and Cartoonito will be offered on a non-exclusive basis.
According to the partners, the deal reinforces CANAL+ Group’s channel portfolio on the continent. “This agreement enables CANAL+ Group to strengthen its entertainment, kids, news, and documentary channel offerings in African markets.”
The agreement is also expected to improve access for CANAL+ Group subscribers to Warner Bros. Discovery’s premium content through HBO Max and selected channels, including globally recognised series and films, further extending the studio’s international reach while consolidating MultiChoice’s content offering in key markets.
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