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NITRA Seeks Regulator, Operators Collaboration in ICT Development

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Nigerian Information Technology Reporters Association (NITRA) has called on the industry regulators and players in the Information and Communication Technology industry to partner with the association with a view to strengthening industry and engendering better industry development.

In a statement issued by the association in Lagos by Mr. Emma Okonji, NITRA’s president, said, though the telecoms has witnessed tremendous growth in the past 12 years of its liberalsation, such development would not have been possible without having an informed body of journalists accurately presenting the developments in the industry in a way that has continued to attract investors into the sector.

According to him, telecoms industry has recorded over $25 billion as at the middle of 2012, saying the development witnessed in the telecoms industry is also possible in other segments of the ICT industry such as hardware, software and outsourcing as well as in the electronic business space, with robust partnership NITRA as a critical stakeholder in the industry.

Okonji said NITRA, which is the umbrella body of ICT journalists affiliated with the Nigerian Union of Journalists (NUJ), expects collaborations from industry regulators such as the Ministry of Communications Technology, the Nigerian Communications Commission, the National Information Technology Development Agency, the Nigerian Satellite Communications Limited (NIGCOMSAT), Galaxy Backbone, among others.

“We also expect telecoms operators as well as other players in the ICT industry to be more responsive in collaborating with us towards building a more virile and thriving ICT industry from now,” he said.

Okonji averred that through better collaboration, journalists can be more informed on industry challenges and opportunities and report same with a view to highlighting proactive steps needed by each stakeholder towards addressing identified threats in the operating environment.

“By reporting accuracies, we would also able to help existing and potential local ad foreign investors identify investment opportunities and communicating to them the enabling environment being provided by the regulators to make investments secure,” he added.

Speaking on the raison d’être of NITRA, Okonji said: “We believe that collaboration between the regulators, the operators and the media is very key to future success of the ICT industry and this has informed the coming together of reporters in the industry under NITRA to ensure a more co-ordinated industry-media partnership for effective reporting. So, at NITRA, our goal is to promote Information Technology (IT) development in our country, and at the same time remain relevant in the scheme of development, through focused collaboration with government agencies and industry stakeholders.”

According to him, “Following the birth of NITRA on October 25, 2013 and the elections of interim executives held on Thursday, November 21, 2013, NITRA executives have begun awareness exercise for the association.”

Aside Okonji as President, other executives members of NTRA include Stan Okenwa of The Champion as Vice President; Kunle Azeez of National Mirror as Secretary General; Florence Onuegbu of News Agency of Nigeria (NAN) as Financial Secretary/Treasurer; Naimah Ajikanle-Nurudeen of Daily Trust as Welfare Officer and Justus Adejumoh of Business Hallmark as Public Relations Officer.


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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How and Why N210 Trillion is Missing in NNPCL – CFO

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Adedapo Segun, chief financial officer (CFO), Nigerian National Petroleum Company Limited (NNPC), has explained why there is a missing sum of N210 trillion in the company’s audited financial statement spanning from 2017 to 2023.

How and Why N210 Trillion is Missing in NNPCL - CFO

According to Segun, the missing funds are cash calls requested by joint venture (JV) partners and settlement to the JVs.

He spokeat a session of the Senate Committee on Public Accounts chaired by Aliyu Wadada.

Segun was responding to an alarm raised by the committee over missing N210 trillion in NNPCL’s audited financial statement.

Recall that Wadada issued a one-week ultimatum to NNPCL to account for the missing N210 trillion.

Reacting, Segun said, “The N103 trillion and N107 trillion are made up of joint venture cash calls that have been requested by the JV operators and JV cash call payments made by NNPCL, which are yet to be reconciled because governance procedures were not done at that time.

“That is why you see the description reflecting those two items would be washed out because they are two sides of the same transaction, which is the cash calls by JV partners and the settlement by NNPCL.”

However,  Habu Sadeik, a financial analyst, in a post on X on Thursday, said Segun’s response was unsatisfactory.

Saidik faulted NNPCL’s response about the fund discrepancies, noting that something is not right with the audited financial statement.

“Forget about the senators’ lack of knowledge.

“The CFO’s response is not satisfactory. Are you saying that cash calls worth hundreds of trillions are just appearing on your FS only in 2024 without 31 disclosure?

“If it’s a cash call, why hasn’t the disclosure said so?

“Which cash call is over 100 trillion?

“Something is definitely not right, and I hope they retrospectively correct that FS.

“Someone somewhere did a chef’s work,” he wrote on X.

 

 


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PalmPay, Glo Launch “Recharge and Win Bonanza 2” with Exciting Prizes

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PalmPay, Nigeria’s leading fintech company, has partnered with Globacom to launch the second edition of the “Recharge and Win Bonanza” campaign. The promotion, which runs from June 19th to August 8th, 2025, offers Nigerians the chance to win amazing prizes when they purchase Glo airtime and data via the PalmPay app.

According to a joint statement by PalmPay and Globacom, “A weekly live raffle draw will be held and streamed on PalmPay’s official social media channels throughout the campaign. Customers who make Glo transactions through the PalmPay app will be eligible to win prizes, including the iPhone 15 Pro, Infinix Hot 40, and other exciting items”.

To participate, interested customers can log onto http://bit.ly/PalmPaySms .

The statement added that all transaction above N500 gives participants an extra shot at winning, adding that daily social media challenges will also offer participants a chance to win cash prizes.

Additionally, PalmPay users can enjoy up to 6% cashback when they buy Glo airtime and data through the PalmPay app. As an added bonus, customers who have not subscribed to a Glo data plan in the last 90 days will receive a 100% bonus on their recharge during the campaign period.

Wayne Ruppel, Head of Billers at PalmPay Limited expressed excitement about the partnership, stating that, “This collaboration is a major step in our mission to deliver MORE – more support, more rewards, and more innovation to our customers.

Partnering with Glo, a leader in the telecommunications sector, is a testament to our shared commitment to improving everyday experiences for all Nigerians. We are excited to reward our users and encourage everyone to take full advantage of this exciting opportunity.

Globacom also expressed delight at creating additional value for its subscribers through unique customer-appreciation schemes.

“Our partnership with PalmPay on the “Recharge and Win Bonanza perfectly underscores our commitment to delivering exceptional value and experiences. Over the years, we have always sought innovative ways to enrich the lives of our customers. We, therefore, enjoin our subscribers to utilize the opportunity provided by the bonanza and enjoy the many benefits it offers”, the company stated.

PalmPay and Glo will collaborate throughout the campaign period to deliver exceptional customer experience, reward loyalty, and reinforce their shared mission to make digital transactions more accessible, rewarding, and secure for millions of Nigerians.


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UK Reaffirms 99% Duty-Free Access for Nigerian Exports Under Developing Countries Trading Scheme

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Dr. Richard Montgomery, British High Commissioner to Nigeria
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United Kingdom has reiterated its long-term commitment to strengthening economic ties with Nigeria, confirming that 99% of Nigerian goods will continue to enjoy duty-free access to the UK market under the Developing Countries Trading Scheme (DCTS).

Dr. Richard Montgomery, British High Commissioner to Nigeria

The announcement reinforces the UK’s intention to bolster sustainable trade with Nigeria, boost export competitiveness, and promote inclusive economic growth across both nations. Introduced in June 2023, the DCTS is designed to reduce tariffs and simplify export rules for developing economies. It currently benefits 37 African countries, with Nigeria being a key player.

Nigerian exporters are set to gain substantial advantages from the scheme, which allows over 3,000 products—ranging from cocoa, plantain, and shrimp to processed items like cocoa paste, palm oil, and cotton garments—to enter the UK duty-free or with reduced tariffs. This shift supports value addition in Nigeria’s export ecosystem, encouraging the move from raw to processed exports.

British High Commissioner to Nigeria, Dr. Richard Montgomery, said: > “Nigeria stands at the heart of the UK’s global trade ambitions. This isn’t just about improved market access—it’s about building a fairer, freer global trading system that supports economic growth and job creation, both in developing countries and in the UK.”

He further noted that through the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP), the UK continues to work closely with the Federal Ministry of Industry, Trade and Investment (FMITI) to tackle export challenges and maximise opportunities under the scheme.

The DCTS aligns with broader UK efforts to expand trade relations across the globe, complementing recent agreements with nations such as India and the United States.


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