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Innovation Summit to Address Gaps in Payment System

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Tunde Ogungbade, Managing Director of Global Accelerex
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A summit on Point of Sales (PoS) terminal transactions in the country has been scheduled to hold in Lagos on the 29th September 2017.

The program which is an intervention to address the gaps noticeable in the expectations of stakeholders and the reality in the of the PoS business sector of the Nigerian payments system has been put together by one of the Central Bank of Nigeria licensed Payment Terminal Service Provider (PTSP), Global Accelerex Limited.

Speaking on the summit, Mr. Tunde Ogungbade, Managing Director of Global Accelerex, pointed out that the motivation behind the summit is the need for stakeholders to jointly address issues mitigating the achievement of optimum performance and results in the PoS business in Nigeria.

Going down memory lane, he said the effective and full-scale introduction of Point of Sales terminal as a recognised channel of transaction in Nigeria occurred with the introduction of the cashless policy by the Central Bank of Nigeria in 2012 and that prior to this time, transactions via the PoS occurred in trickles.

The introduction of the cashless policy gave rise to a lot of interest in the PoS business with resultant investment by various stakeholders – banks, terminal suppliers, Payment Terminal Service Providers (PTSPs), Payment Terminal Application Developers (PTADs), Payment Card manufacturers etc. However, few years down the line, a review of the performance of the PoS sector revealed a very wide margin between stakeholder expectations and realities in terms of performance, adoption and of course Return on Investment (RoI) in spite of the potentials and the opportunities available in the industry – PoS penetration is still low as there is need for more devices with innovative retail offerings.

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He stated further that the summit, which would be held on a quarterly basis is an intervention designed as a platform to address the noticeable gaps in the PoS business in Nigeria as well as to promote the adoption and usage of innovative PoS solutions in order to achieve the objectives of attaining sustainable growth in the sector. Each edition of the summit will focus on a wide array of issues such as innovation, security of transactions, financial inclusion, fulfilment of customer expectations, business sustainability and profitability and other critical topics.

Notable leaders of thought and industry experts invited as resource persons at the summit include – Dr Doyin Salami from Lagos Business School, Mr Musa Jimoh – Deputy Director, Banking & Payments System, CBN, Mr Sarafadeen Fasasi – Chairman, Association of Mobile Money Operators, Mr Prakash Keswani, the Managing Director – Artee Industries Limited (SPAR), the Managing Director, Hard Rock Café and Mr Tunde Ogungbade, Managing Director, Global Accelerex

Participants at the summit will include representatives of all major stakeholders – banks, terminal manufacturers, merchants, system aggregators and regulators among others.

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NBC, INEC, Plan Joint Broadcast Monitoring Framework ahead of 2027 Elections

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National Broadcasting Commission (NBC) and the Independent National Electoral Commission (INEC) are set to introduce a joint broadcast monitoring framework ahead of the 2027 general elections as part of efforts to curb unethical broadcasting and promote responsible election coverage.

NBC, INEC, Plan Joint Broadcast Monitoring Framework ahead of 2027 Elections

Charles Ebuebu, director-general, NBC, who disclosed the plan recently, said the collaboration would strengthen election monitoring through the deployment of advanced technology and closer coordination between regulatory agencies.

According to him, the increasing influence of digital and online platforms has made it imperative for regulators to work together rather than operate independently.

“We have written to INEC, and we are going to have a joint monitoring outlook over the elections. Gone are the days when agencies work in silos. When we coordinate, we’re able to monitor more effectively,” Ebuebu said.

He explained that the partnership would enable both agencies to jointly identify and address violations of broadcasting regulations during the election period instead of handling such issues separately.

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Beyond INEC, Ebuebu said the NBC is also partnering with other key regulators to strengthen oversight of election-related content across digital platforms.

According to him, the commission is finalising agreements with the Nigerian Communications Commission (NCC) and the National Information Technology Development Agency (NITDA) ahead of the polls to reinforce its monitoring capabilities.

“We are calling in other stakeholders to reinforce the election monitoring. We are signing agreements with the Nigerian Communications Commission and the National Information Technology Development Agency before the elections,” he said.

Ebuebu also revealed that the NBC is upgrading its monitoring infrastructure with artificial intelligence (AI)-powered tools to keep pace with the rapidly expanding media landscape.

He noted that the proliferation of online platforms has made traditional monitoring methods inadequate.

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“With online platforms, there are thousands of them. You need more than staff; you need AI monitoring facilities,” he said.

The NBC chief added that the commission has significantly improved its monitoring capacity and can currently track nearly 50 broadcast channels from its monitoring centre in Abuja.

He said additional monitoring facilities would be established across the country in line with evolving broadcasting technologies.As part of preparations for the 2027 elections, Ebuebu announced plans for a sensitisation workshop in Ibadan that will bring together broadcasters, INEC officials, security agencies and other stakeholders.

He said the engagement had become necessary as political discussions surrounding elections continue to grow more heated, including on television, stressing the need for broadcasters to adhere to professional standards.

Ebuebu noted that the commission has had to issue several warnings to broadcast stations for violating the broadcasting code during election periods.

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“We have had to write several of them because they simply forget what the code says,” he said

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NBC Tasks Broadcasting Stations over 2028 DSO Global Deadline

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Mrs. Clementine Wamba, head, Digital Switch Over (DSO) at the National Broadcasting Commission (NBC), has stressed the need for broadcasting stations and practitioners nationwide to work towards meeting the 2028 global deadline for the switch over.

She made the call in her presentation titled, “DSO Big Picture: Free TV Audience Measurement and the Evolving Media Landscape”, at the 2026 NBC South West Summit held in Ibadan.

Wamba harped on the need for practitioners to adopt DSO in the transmission of  news and other programmes in order to meet future challenges, stating that any country that fail to align with the DSO by 2028 will be shut out of practice.

This development, according to her, may result in job losses and other consequences that could hinder the growth of the industry in Nigeria, noting that Free TV is tailored towards the DSO, with provision for many channels in contrast to the age-long analogue system.

According to her, “The Digital Switch Over is a technological improvement on the age-long analogue style of broadcasting in the country. With the adoption of the DSO, practitioners will be in tune with global practice of broadcast journalism.

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“Also, its benefits include efficient use of spectrum, changing of industry landscape, more access to national development programmes and better viewing experience.”

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NBC Scraps Annual Digital Access Fee on DSO

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National Broadcasting Commission (NBC) has said that Nigerians will no longer pay annual Digital Access Fees under the renewed Digital Switch Over (DSO) project.

NBC Scraps Annual Digital Access Fee on DSO

Charles Ebuebu, director-general, NBC, disclosed this in an exclusive interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja,

Ebuebu said viewers only need to purchase an approved decoder and satellite dish which cost below N20,000 to enjoy free television permanently.

“Previously, users paid an annual digital access fee of about N1,500, described as an administrative charge.

“The new system removes that annual fee. It provides free access to free-to-air television channels without any payment.

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“Premium channels will be introduced later. Viewers who want those additional channels will be able to access them through paid services.

“Nigerian content on free-to-air channels remains free to watch. Unlike Pay TV, this platform does not require monthly subscriptions for its basic service,” he said

Ebuebu said approved decoders for the FreeTV will cost less than N20,000 and authorised sales outlets will soon be announced.

He urged Nigerians to wait for official information on approved dealers for the DSO decoders, warning that unauthorised sellers are exploiting growing public demand.

He reiterated that people only need a free-to-air decoder, along with a satellite dish instead of the old antenna system to receive the DSO signal.

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“Once the equipment is installed, viewers can access all available channels across the country without paying any subscription fees,” he stressed

The DG dismissed claims by some retailers that there are different categories of decoders sold at varying prices, stressing that such sellers are not authorised by the commission.

According to him, the NBC will soon publish the list of approved dealers, official prices, and locations where genuine decoder boxes and accessories can be purchased.

The NBC boss said the DSO project is designed not only to improve television broadcasting but also to stimulate economic growth by creating jobs, attracting investment, and opening up opportunities for businesses that support the broadcasting industry.

Ebuebu noted that content producers and broadcasters stand to benefit significantly from the nationwide reach of the DSO platform.

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Unlike the previous system, where many stations had limited regional audiences, he said the new platform will make their channels available to viewers across Nigeria.

He added that the introduction of audience measurement technology will provide scientific and reliable data on television viewership.

Ebuebu added that audience measurement technology will give advertisers greater confidence in placing adverts and enable broadcasters to demonstrate the true size and reach of their audiences nationwide.

 

 

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