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We’re Making Progress in Enthroning 5G for Digital Economy – NCC

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Nigeria has made some significant success in the drive towards enthroning national digital economy for the country.

This was disclosed by Prof. Umar Garba Danbatta, Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), in his keynote address at the 2022 Nigeria DigitalSENSE Forum series on ‘5G: Enthroning Internet Governance for Digital Economy’ held at Welcome Centre Hotels, International Airport Road, Lagos and powered by DigitalSENSE Africa, a project of ITREALMS Media group at the weekend.

Nigeria DigitalSENSE Forum on Internet Governance for Development is put together by DigitalSENSE Africa, a project of ITREALMS Media group; made up of internationally reputed and award-winning Information and Communication Technology (ICT) industry analysts and perception managers; professionally affiliated to African Regional At-Large Organisation (AFRALO) for shaping the future of the Internet. DigitalSENSE Africa is a certified At-Large Structure (ALS) of the Internet Corporation for Assigned Names and Numbers (ICANN).

Buttressing his position, EVC who was represented by a Deputy Director and Head of Spectrum Database Management at NCC, Engr. Abraham Oshadami, while dwelling specifically on “5G: Enthronement in Nigeria’s Telecom Sector” outlined some 11-points to drive home his assertion.

Some of these steps, he said include the creation of a full-fledged department of Digital Economy in NCC with a mandate amongst others to ensure that the programs and targets set in the NNBP 2020-2025 and NDEPS 2020 – 2030 are rigorously pursued, tracked, and attained; INFRACO Companies have been licensed to deploy fibre on an Open Access Basis in Six Geopolitical Zones of the country and Lagos State. Approval to commence rollout was given in April, 2021.

According to him, they have developed and secured the Federal Executive Council approval on Nigerian 5G Policy to guide deployments of 5G services nationwide, while acknowledging efforts of the Honourable Minister of Communication & Digital Economy, Prof. Isa Ali Ibrahim Pantami.

In addition, he said, NCC has successfully licensed 2 lots of 100 MHz bandwidth in the 3.5 GHz Spectrum band for 5G deployment in December 2021, just as they set up and expanded the Internet Exchange Point capacity of 930 MB/s for Abuja to Lagos Route, 620 MB/s for Abuja to Kano Route, 310 MB/s for Lagos to Port Harcourt route, bolstering landed total offshore broadband capacity of 50.74 TB comprising 40TB Submarine and 10.74 TB of Satellite and the figures are already set for increase.

Equally, he said, followed up on the global industry trends on the 5G Spectrums such as the 26 GHz, 38 GHz and 42 GHz bands harmonized in World Radio Conference 2019 (WRC-19), NCC has updated the National Frequency Allocation Table (NFAT) to reflect the outcome of the WRC-19 through opening up the 60 GHz V-band; Opened up the 70/80GHz E-band for both point-to-point and point-to-multi-points deployments; and developed and published the Spectrum Trading Guidelines amongst other benefits.

These, he said, are evident in the efforts of the commission being demonstrated in the smooth update of previous technologies such as 2G, 3G and the 4G; and the one that is now being implemented to ensure the deployment and adoption of 5G infrastructure and services in Nigeria.

Equally speaking, the Director-General (DG), National Broadcasting Commission (NBC), Mallam Balarabe Musa said that in the past few days, digital technology usage around the world have improved including raising the bar on credibility of election results across the continent.

Mallam Balarabe, who was represented by a delegation led by the Lagos Zonal Director, Dr. Chibuike Ogwumike, charged stakeholders including various regulatory organs, industries, network operators, service-technology providers, public and private partnership organisations to synergise and be in continued dialogue to address the challenges that may face the widespread 5G deployment worldwide.

Other activities at the twin-event was the unveiling of a book authored by the multi-award winning journalist and Group Executive Editor, Remmy Nweke which was reviewed by Chairman, Association of Licensed Telecom Operators of Nigeria (ALTON) Engr. Gbenga Adebayo and President, African Health Journalists Association & Principal Consultant/CEO InterPares Media Limited Dr. Declan Okpalaeke, whereas the Chief Unveiler was the Chief Executive Officer, Amano Investments West Africa and President, Mandilas International Trade Centre, Chief Anthony Amechi Okeke.

Earlier In his welcome address, Lead Consulting Strategist, DigitalSENSE Africa/Group Executive Editor ITREALMS Media Group/Author-Sagacity of a digital revolution, Remmy Nweke said the book is based on well-researched analytics on several subjects such as diversification of Nigeria economy, role of ICTs in curtailing child malnutrition among others.

The event was chaired by the President/CEO Medallion Data Centre Ltd who doubles as President, Association of Telecoms Companies of Nigeria (ATCON) Engr. Ikechukwu Nnamani, who was represented by Mr. Olatunji Sulaimon, the Permanent Secretary; Ministry of Police Affairs Temitope Fashedemi was also represented by Mr. Adegbola Toluwalope, Nigeria Union of Journalist (NUJ) Lagos, Mr. Adeleye Ajayi as well as a President, Association of Anambra State Development Unions (AASDU Lagos), Chief Sir Amechi Ebeledike, Catholic Women Organisation (CWO) St. Jude Parish second vice president, Mrs Charity Akobundu, the CMO counterpart led by Secretary Kingsley Agba, chairman, Awba-Ofemili Development Union Lagos, Mr. Norbet Nweke, Chief Benard Chidebe, Chief Theo Okoye of Coswekkers Motors, CEO Tokas Motors, Prince Toike Obidigwe, Mr. Stanley Afunuro, Vice Chairman, ADU Lagos, Mr. Osita Anidebe, Mr. Cele N. Dom, Mr. Onyeka Victor Nweke, Doyen of St. Jude, Mazi Udo Chijioke, President, Nigeria Internet Registration Association (NIRA) was represented by a team led by Segun Akinwunmi among others.

Other dignitaries include a delegation from the Guild of Corporate Online Publishers (GOCOP) Maureen Chigbo, and the Secretary, Mr. Collins Edumaruse, former Managing Director, Champion Newspapers, Mr. Ugo Onuoha, Chief Chris Uwaje, the Oracle; Executive of Nigeria Guild of Editor, Gabriel Akinedewo and publisher of Freedom Online, delegate from Nigeria Information Technology Reporters Association (NITRA) led by Messrs Chike Onwuegbuchi and Chidiebere Nwankwo as secretary.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Crypto Exchange MEXC Rolls Out P2P Support for Naira, Birr, and Rupee

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In a strategic move to deepen its presence in emerging economies, global cryptocurrency exchange MEXC has launched peer-to-peer (P2P) trading support for three new fiat currencies — the Nigerian Naira (NGN), Ethiopian Birr (ETB), and Pakistani Rupee (PKR). This expansion reflects the company’s increasing focus on localising crypto access in high-growth, underbanked regions.

The addition of NGN, ETB, and PKR to MEXC’s P2P platform enables users in Nigeria, Ethiopia, and Pakistan to trade major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC) directly with their local currencies.

The trades come with zero transaction fees, in line with MEXC’s strategy to lower entry barriers for users and encourage grassroots participation in the digital asset economy.

The update is more than a technical expansion — it underscores MEXC’s recognition of Africa and South Asia as rising crypto frontiers. Nigeria, often cited as one of the world’s fastest-growing crypto markets, and Ethiopia, where digital finance is beginning to surge amid reforms, represent key territories for crypto adoption. Similarly, Pakistan’s growing youth population and fintech appetite offer strong potential for crypto-enabled financial inclusion.

To support the rollout, MEXC is actively onboarding new merchants to its P2P platform. Merchants benefit from zero transaction fees, dedicated customer support, a special verification badge, and invitations to exclusive community events. The goal is to nurture a local network of verified sellers and buyers who can facilitate seamless and trusted crypto trades.

P2P trading — which allows users to transact directly without third-party intermediaries — is especially relevant in markets where banking infrastructure is either insufficient or heavily regulated. By bypassing traditional systems, P2P provides a lifeline for users seeking stablecoins, alternative stores of value, or more flexible remittance solutions.

This latest expansion signals MEXC’s intent to compete aggressively for market share in underserved territories while enabling more users to access and benefit from Web3 technologies. As global exchanges race to localise their services, MEXC’s early moves into fiat integration may prove pivotal in shaping the next wave of crypto adoption across the Global South.


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MTN Nigeria Unveils CPaaS Platform to Transform Business Communication

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At the recently concluded NextNow Business Forum in Victoria Island, MTN Nigeria electrified the business community with a live demonstration of its forthcoming Communication Platform as a Service (CPaaS), a solution engineered to redefine how Nigerian enterprises connect with their customers.

Unlike traditional communication systems, MTN’s CPaaS is built for the realities of a mobile-first market. The platform unifies SMS, voice, WhatsApp, email, and more into a single, intuitive interface. This approach is especially significant in Nigeria, with over 107 million internet users, 45.4% of the total population, according to Data Report. This figure underscores the necessity for businesses to meet customers where they are.

During the demo, attendees witnessed how CPaaS enables two-way, real-time conversations between brands and customers. The platform’s support for rich media, instant analytics, and seamless integration with business workflows drew particular attention. These features are designed to empower businesses with data-driven insights and the agility to personalise every interaction, whether it’s a service notification, marketing campaign, or customer support exchange.

Akinbulejo Onabolu, Head of Enterprise Segment at MTN Nigeria, articulated the vision: “CPaaS gives enterprises the flexibility to interact with their customers on their preferred platforms; whether it’s chat, voice, or messaging, in a way that feels personal and immediate. We’re looking forward to the value this will unlock for businesses across industries once it launches.”

The fireside chat added depth to the conversation, with Omowunmi Olatunbosun, Head of SME Segment at MTN Nigeria, and Stephen Agbi of Bayobab, highlighting how digital engagement bridges the gap between businesses and audiences.

They emphasised that today’s consumers demand immediacy, relevance, and ease, qualities that CPaaS is built to deliver.

The stakes for digital transformation in Nigeria are high. In a report by Punch, the country’s enterprise tech market is projected to reach $22 billion by 2027, reflecting a surge in demand for scalable, cloud-based solutions that drive efficiency and customer loyalty.

The CPAAS Acceleration Alliance have estimated that globally, the CPaaS market is expected to grow from $14.7 billion in 2025 to $72.4 billion by 2035, at a compound annual growth rate of 18.4%, a testament to the platform’s transformative potential.

The event’s closing keynote from META’s Korhan Yunak reinforced the strategic value of digital channels like WhatsApp, which are now indispensable for business communication and engagement at scale.

As MTN Nigeria prepares for the Q3 2025 launch, the anticipation is unmistakable. With its promise of flexibility, intelligence, and seamless integration, MTN’s CPaaS platform is set to become the backbone of next-generation business-customer engagement in Nigeria, enabling enterprises to not just communicate but to connect, adapt, and grow in a digital-first era.


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MTN Mulls Establishment of Fintech Firm in Nigeria, Others

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MTN Uganda is seeking input from stakeholders on a plan to structurally separate its mobile money service, MoMo, from its core telecoms business.

According to the company, the proposed change will be discussed at the upcoming extraordinary general meeting on July 2.

If approved, the telco’s fintech business will be run by a new company controlled by MTN Group Fintech Holdings B.V. and a trust benefiting minority shareholders following a merger.

Additionally, the restructuring also aligns with MTN Group’s ambition 2025 strategy which aims to unlock value, attract new investors, and strengthen regulatory compliance by creating standalone fintech entities in Uganda, Ghana, and Nigeria.

The company’s fintech division has over 13 million customers, with an 18.4% revenue increase in the first quarter of 2025, driven by 19.0% growth in mobile money services, 19.8% growth in transaction volumes, and a 31.4% increase in transaction value.

Reports say the decision is part of the telco’s compliance with the National Payment Systems Act 2020, which mandates mobile money businesses to operate as standalone entities, and to align with MTN Group’s regional fintech strategy.

MTN Uganda, which is led by CEO Sylvia Mulinge, highlighted that the implementation of the proposed transaction will be subjected to a number of conditions and regulatory procedures.

“The implementation of the proposed transaction shall be subject to a number of conditions, including the company and MTN MoMo receiving all required regulatory approvals and no-objections and complying with any regulatory conditions,” said MTN Uganda in notice.

 


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