Telecom
Revocation of SSPA: Death Call for Nitel
Government claimed that that Transcorp had breached the condition precedent on which the investment deal in Nitel/M-Tel was consummated, the implication being that Transcorp had walked away from the deal on its own.
Christopher Anyanwu, director general, Bureau of Public Enterprise (BPE) and member National Council on Privatization (NCP) said that the NCP is of the opinion that Transcorp has opted out of the Nitel/M-Tel because it has failed to meet the condition precedent, and that it has been withdrawn. He noted that it is void because it never existed in the first place due to their failure to keep with the terms of the transaction agreement.
He said Transcorp is aware of this fact and that they have already given us the power of attorney (waves the paper) for their equity in the investment.
"Accordingly, the Federal Government has stopped the further sale of all assets of the two companies, whether core or non-core. In the same vein, all sold assets are to be reviewed and any found to have been arbitrarily and unjustifiably sold are to be recovered.
He added that the government was desirous of having the two companies and other privatized non-performing enterprises back on stream and would not leave any stone unturned in this direction.
The BPE boss explained that Transcorp might have sourced their investment funds from banks and other entities, government may open up discussions with the affected institutions to assist them claim their investments.
Before the recent action of government, Transcorp had left Nitel with a debt overhang of $500 million owed a consortium of banks.
By a Shares Sales and Purchase Agreement (SSPA) signed between the Bureau of Public Enterprises (BPE) and Transcorp on November 14, 2006, 51 per cent equity of Nitel was transferred to Transcorp while the government retained 49 per cent.
Under the Post-Acquisition Plan (PAP), Transcorp agreed to inject a minimum of N8 billion new funds into Nitel to prepare it for competition within 30 days and 100 days after the take-over. The PAP was to start the transition of Nitel and its mobile subsidiary, M-Tel, to a profitable and strategic telecommunications operator.
But 30 months after, Nitel’s fortunes have nose-dived with its workforce reduced from 13,000 at take-over to less than 1,000 and telephone exchanges and other immovable assets such as switches in comatose.
NCP under the chairmanship of Vice President Goodluck Jonathan approved the constitution of a technical board to manage the affairs of Nitel/M-Tel until a new core investor emerges.
Alhaji Ikra Bilbis, Minister of State for Information and Communications, who read the resolution of the NCP meeting, said the revocation was arrived at after discussing "the outstanding issues in Transcorp’s management of Nitel/M-Tel and other issues contained in the Shares Sales Purchase Agreement (SSPA)."
According to him, the decision was based on "serious breaches of the terms and conditions of the SSPA, particularly: exiting of British Telecommunications (BT) as the technical operator, which is condition precedent in the SSPA; failure of Transcorp to inject N8.9 billion cash into Nitel within 100 days of its take-over to address the immediate liquidity problem facing Nitel.
Others include, failure to pay interconnectivity debt totaling about N17 billion; inability to pay workers’ salaries in the past 11 months; and failure of Transcorp to maintain Nitel/M-Tel as a going concern, resulting in complete loss of market share from 15 per cent to 0.03 per cent.
Bilbis said it is clear that "Transcorp has deviated and voided the contract in its entirety."
This decision of government sounded good as an effort to revive the ailing used to be telecommunications giant in the country, but there still remain issues that demands explanation which put this effort in doubt. Why is it that whenever serious effort is made to get a technical partner or core investor to revive Nitel that government will come up with revocation of its agreement with Transcorp on Nitel sale? It would be recalled that in 2008 Transcorp had concluded arrangement to sign an agreement with a new investors who were already in the country for the signing ceremony when government suddenly revoked the sale to Transcorp on a Saturday, a non working day. Again in line with federal government and Transcorp the two owners of Nitel agreement to relinquish some percentage of their share holding to a would be core investor, BPE commenced process towards finding a core investor which has been schedule to be completed in September this year, another revocation of agreement was announced.
Transcorp also initiated effort that would have gone a long way in putting Nitel back on its feet with the signing of a project agreement Cisco which was truncated. Under the project deal, Cisco, a leading global information technology firm, agreed to raise $10million to rehabilitate and transform Nitel’s fibre optic cable that is lay waste to ensure that Nigerians get speedy and reliable connection to the super highway. The project would also expand Nitel’s capacity by six times and create huge volumes of bandwidth in commercial quantity for corporate organizations in telecoms, oil and gas and other multinational firms in the country.
The first phase of the project would have generated between $100milliom and $150million to Nitel every year once it is completed. Government as well directed Transcorp in a letter to stop the contract for no stated reason.
Industry watchers are of the view that, with all these revocation and interference by government it will be very difficult to get foreign core investor for Nitel aside skepticism shown by some foreign investors in investing in a country with poor infrastructure and other business challenges.
The fact that Transcorp has not shown enough seriousness in bringing Nitel to life once again in terms of technical and financial ability is not in doubt. The Federal government of Nigeria’s attitude to the whole arrangement also left much to be desired. Although it claimed to have 49 percent of Nitel, investigations show that since the coming on board of Transcorp, it has not invested a dime in its operations. This is definitely contrary to the dictates of the industry which demands constant investment to be able to catch up with the competition. Nigeria CommunicationsWeek investigations show that the politics and interest of some people in government had contributed immensely to frustrate all effort to revive the company by Transcorp. Government said that Transcorp did not inject N8 billion into Nitel within 100 days of its take over, but it was gathered that Transcorp took firm control of Nitel in 2008 two year after it acquired 51 percent share of the company.
It is important to note that the Federal Government which owes 49 percent equity has not made any investment since 2006. The last time an investment was committed to Nitel by government was in 2005 when it disbursed about N60billion into Nitel’s operation, the fund which was said to have disappeared into private pockets immediately Nitel’s account was credited.
According to Tom Iseghohi, group managing director, Transcorp, Transcorp invested over N5 billion in Nitel within the first year of its take over. This means that going by the share structure, government supposed to have brought in a commensurate investment of over N4 billion.
Mr. Bayo Banjo, vice president, Association of Telecommunications Company of Nigeria (Atcon), said Transcorp has found itself in this sorry state because it is ignorant of the fact that any dealing with government is very difficult because of inherent political interests.
An industry analyst said the entire scenario is a reflection of the fact that government has no business in business. He questioned how government is going to reconcile invest made by Transcorp in the payment of staff salaries when the company is not generating near what is use in running it.
Engr. Gbenga Adebayo, chairman, Association of Licensed Telecommunications Operators of Nigeria (Alton) agreed that enough has not been by both parties in Nitel deal which is responsible for Nitel that controls about 25 percent of market share five years now controls 0.003 percent.
He urged for a complete re-engineering of Nitel before any other effort at reviving the company, especially maintenance of its network facilities that have not been maintained for the past five years.
He noted that, there is not going to be a smooth sale of Nitel going by the events that have happened, and that position of government in respite of the percentage of share to be sold will determine the direction and willingness of any core investor to invest in Nitel.
Adebayo suggested a 100 percent sale of Nitel as government does not have what it take to run business, adding that the current state of affairs in Nitel be made public.
Industry watchers have argued that the position of government to guide the revival process in Nitel is a mere effort to cover up huge debt owe Nitel by people in government as well as their interest.
Telecom
FG to Acquire Two Communications Satellite to Boost Digital Access

Federal government is preparing for the acquisition of two new communication satellites as it advances a nationwide fibre-optic rollout.

Bosun Tijani, minister of communications, innovation, and digital economy, made the announcement during a press briefing in Abuja commemorating Global Privacy Day 2026, which was hosted by the Nigerian Data Protection Commission.
The minister said the national fibre-optic backbone, which is expected to cover 90,000 kilometres, is nearly 60% complete.
The project aims to expand high-capacity broadband across the country, reduce the cost of internet access and improve service quality for businesses, public institutions and households.
According to Tijani, the fibre rollout is central to the government’s digital economy strategy, providing physical infrastructure required for e-government services, digital financial inclusion, innovation hubs and private sector investment.
He added that extending fibre deeper into underserved areas would help narrow Nigeria’s persistent urban-rural connectivity divide.
Alongside the terrestrial network, the federal executive council has also approved the procurement of two additional communication satellites to strengthen Nigeria’s space-based communications capacity.
The satellites are expected to enhance broadband coverage in remote and hard-to-reach regions, support broadcasting and improve data resilience for critical national services.
Tijani emphasised the satellite investment will complement the fibre network by providing redundancy and last-mile connectivity where laying cables is commercially or geographically challenging.
The combined approach, he said, will make Nigeria’s digital infrastructure more resilient and inclusive and will particularly close long-standing connectivity gaps.
By expanding broadband access and modernising communications infrastructure, authorities believe Nigeria can unlock new opportunities across sectors including technology, education, healthcare and commerce.
The initiatives are being implemented amid efforts to attract private investment and improve policy coordination across federal and state agencies.
Telecom
NCC Removes 450 Illegal Signal Boosters, Reassigns Spectrum

Nigerian Communications Commission (NCC) has removed over 450 illegal signal boosters deployed in the Federal Capital Territory (FCT).

Illegal signal boosters (also known as unauthorized, non-compliant, or rogue repeaters) are devices designed to amplify weak cell phone signals but are prohibited for use because they interfere with legitimate mobile network infrastructure, causing disruptions for others.
The NCC has also approved spectrum reassignments, socalled egulatory process of taking radio frequency spectrum that was previously assigned to one type of service or user and reallocating it for another, usually to support new technologies or more efficient usage.
All these are part of measures to improve telephone services in the country.
The NCC said its enforcement teams removed the illegal signal boosters across the FCT, noting that the devices degrade network quality in surrounding areas.
“Subsequent analysis indicates localised improvements in service quality, supported by crowd-sourced data, operator performance metrics and a decline in related consumer complaints.
“At least 70 network sites recorded measurable performance gains following booster removal. Engagements are ongoing with the Nigerian Customs Service (NCS) to prevent further importation of the devices,” the NCC stated.
The telecom regulator said to enhance spectrum efficiency and service delivery, it approved a series of spectrum trades and reassignments, including the reallocation of approximately 50 MHz of previously underutilised spectrum for immediate network expansion.
These measures, it said, have resulted in demonstrable improvements in network performance, as reflected in independent monthly reports since September 2025.
“In particular, the reassignment of an additional contiguous 10 MHz to Globacom contributed to an increase in its average 4G download speeds from 9.5 Mbps to approximately 15 Mbps by November/December 2025.
In terms of telecom infrastructure protection, NCC revealed that the ongoing operationalisation of the CNII Executive Order.
The Commission said it has adopted a structured, multi-layered approach to the implementation of the CNIL Executive Order within the telecommunications sector.
“This includes enforcing minimum compliance standards for infrastructure deployment, conducting nationwide public awareness campaigns, strengthening stakeholder collaboration, institutionalising mediation as a dispute resolution mechanism, and retaining enforcement as a necessary tool where required.
“In collaboration with the Office of the National Security Adviser, the Commission has convened engagements with the National Assembly, Judiciary, Federal Ministry of Works, State Attorneys-General, and the Nigeria Security and Civil Defence Corps, with plans to extend collaboration to State Ministries of Works,” it stated.
The Commission claimed that its mediation approach has led to successful interventions already recorded in Kogi, Bauchi, and Osun States.
The telecom regulator said it is currently collaborating with the Central Bank of Nigeria (CBN) on Failed Airtime/Data Top-Ups and Consumer Refunds.
The NCC stressed that it’s working jointly with the Central Bank of Nigeria, mobile network operators and financial service providers to address issues relating to failed airtime and data recharge transactions.
“Through this collaborative framework, mechanisms for transaction tracing, dispute resolution, and timely consumer refunds are being formalised. The initiative has already facilitated refunds exceeding N10 billion to affected consumers, contributing to enhanced confidence in digital payment channels,” it stated.
The NCC said, in collaboration with a joint industry committee, it continued to implement the Smarter Data Management Consumer Awareness Campaign.
The Commission said the campaign focuses on promoting efficient data usage, conservation practices, and behavioural adjustments aimed at reducing passive data consumption linked to increasing network speeds and device capabilities.
“Since inception, the campaign has coincided with a noticeable reduction in data depletion-related complaints and will remain active through 2026. Campaign materials are disseminated across multiple media platforms and in major languages spoken nationwide,” it stated.
The NCC informed that to further strengthen spectrum optimisation, service quality, and long-term network planning, the Commission has developed Nigeria’s first structured Spectrum Roadmap for the communications sector.
Through the roadmap, the NCC said it sets out strategic direction on spectrum utilisation, future assignments, refarming initiatives and flexible access models to support expanding connectivity, emerging technologies and improved consumer experience. It will also enhance the Commission’s capacity to proactively monitor utilisation, address persistent underuse, and implement targeted regulatory interventions.
According to it, public consultation on the draft has been concluded, and approval and issuance are expected following the next meeting of the Commission’s board.
Telecom
QNET’s Ethical Pivot: Reshaping Direct Selling for Nigeria’s 2026 Surge

As Nigeria faces rising youth unemployment and increasing scrutiny of informal business models, trust has become the defining currency of entrepreneurship.

Against this backdrop, QNET, a global wellness and lifestyle company, says it is repositioning ethical direct selling as part of the solution – not as a quick-income promise, but as a regulated, transparent pathway into micro-entrepreneurship – as it outlines its Nigeria-focused strategy heading into 2026.
With nearly three decades of experience in the wellness and lifestyle segment, QNET has operated in Nigeria through independent distributors and digital sales channels since 2021.
In recent years, regulators have intensified oversight of informal and semi-formal business models amid growing concerns around consumer protection, transparency, and fraud, reshaping expectations for how direct-selling companies operate in the country.
For Nigeria, where millions of young people rely on informal income streams, the distinction between legitimate direct selling and fraudulent schemes has become a policy and consumer-protection priority.
“Against this backdrop, QNET’s 2026 strategy for Nigeria will place integrity, strict regulatory compliance, and responsible stakeholder engagement at the centre of its operations.
“As the company adapts to tighter oversight and evolving market conditions, we believe ethical entrepreneurship must be anchored in transparency and accountability if it is to remain a credible pathway for economic participation, particularly for young Nigerians facing limited formal employment opportunities,” says Ayokunmi Solesi, General Manager for QNET in Nigeria.
At the core of QNET’s direct-selling model are product value, transparent compensation structures, and strict adherence to consumer protection standards, principles aligned with the global direct selling industry’s performance as reported in the WFDSA 2024 STATS Report, which showed the channel generating around $164 billion in retail sales and supporting more than 104 million independent representatives worldwide.
QNET’s model ensures that Independent Distributors (IDs) earn solely from verified product sales rather than recruitment-based incentives, reinforcing the distinction between legitimate direct selling and illicit schemes.
This distinction—earning from products rather than recruitment—is widely recognized by regulators as the primary line separating ethical direct selling from pyramid-style schemes.
By prioritizing verifiable product demand and transparent earnings, QNET supports sustainable income opportunities and professional skill development that contribute positively to Nigeria’s formal economy.
Product innovation remains a key pillar of QNET’s 2026 outlook in Nigeria. Through its partner Transblue Limited since 2022, the company has hosted workshops and expos, such as the 2025 Lagos Product Expo, to promote innovation and youth opportunities.
These events showcased certified wellness products while addressing misconceptions, with over 8,000 attendees at the Abuja edition alone.
QNET’s product portfolio spans health, wellness, personal care, home living & living. At the heart of its wellness category are the Amezcua range of products – including the Amezcua Bio Disc and Chi Pendant – which remain among the company’s most recognised offerings and are widely used for personal well-being and lifestyle optimisation.
Complementing these are timepieces and accessories under the Bernhard H. Mayer brand, including the OMNI Watch, which earned a Silver Stevie Award in 2025 for its sustainability-forward design.
Together, these products reflect QNET’s continued emphasis on certified wellness, durability, and long-term consumer value within Nigeria’s growing lifestyle and wellness market.
Beyond product innovation, consumer protection is expected to be a central pillar of QNET’s strategy, amid rising financial fraud in Nigeria. Building on recent advocacy and enforcement efforts, the company says it is expanding both preventive and defensive measures to safeguard consumers.
In an environment where financial fraud continues to undermine public trust, QNET says consumer education and institutional accountability must go hand in hand. The company’s “Say NO!” public awareness campaign, launched in 2023, focused on helping citizens identify fraudulent schemes through mass outreach and community engagement across Nigeria and other West African markets.
This effort was reinforced through structured collaboration with Nigerian authorities, including the Economic and Financial Crimes Commission (EFCC) and the Federal Competition and Consumer Protection Commission (FCCPC), aimed at disrupting impersonation networks and protecting the integrity of legitimate entrepreneurship.
Such measures place QNET among a small group of direct-selling firms in Nigeria publicly aligning enforcement, education, and regulator engagement as part of their operating model.
In addition to external advocacy, the company believes ethical direct selling must be enforced from within. Between 2022 and 2023, QNET suspended more than 80 distributor accounts across Sub-Saharan Africa for ethics violations, underscoring its zero-tolerance approach to misrepresentation and misconduct. Continuous monitoring of digital platforms for brand misuse further reflects QNET’s view that compliance is not a one-time response, but an ongoing responsibility essential to sustaining trust in the direct-selling sector.
Complementing these legal efforts are educational programmes, such as QNET’s signature financial literacy programme, FinGreen Programme, launched in 2022 in partnership with Transblue Limited, which has trained over 1,500 young people and women across Nigeria in budgeting, saving, responsible spending, and digital financial literacy skills to avoid exploitation.
Moving forward, QNET aims to strengthen its role in Nigeria’s formal economy by positioning ethical direct selling as a viable pathway for micro-entrepreneurship, income diversification, and skills development, particularly among young people navigating an increasingly competitive labour market.
As Nigeria’s gig economy matures under tighter regulation, QNET argues that the future of direct selling will be decided less by scale and more by trust—measured in transparency, consumer protection, and the economic literacy of those it empowers.
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