News
Stakeholders Call for Synergy Between Telecom and Financial Regulators
Cooperation between telecom and financial regulators instead of overlap and conflict
By Rukevwe Odeh
Nigeria’s airtime credit market is growing fast because it fills a real gap in everyday life—many people rely on small, short-term airtime or data loans to stay connected when cash is tight. This demand has turned what used to be a simple telecom feature into a widely used informal credit system.
The main challenge now is that the system has evolved faster than the laws governing it. Airtime credit sits in a “gray area”: telecom companies see it as part of their services, while financial regulators view it as a form of lending. This overlap creates confusion about who should regulate it and what rules should apply.
Fintech companies entering the space are making the situation even more complex. They bring new, data-driven lending models that compete with telecom operators and push airtime credit closer to formal financial services. This accelerates innovation but also increases regulatory pressure.
In simple terms, the “healing” of this issue lies in clarity and balance:
By staff Reporter Rukevwe Odeh
Salvation Ministries is set to dedicate its newly completed global headquarters, the Hand of God Cathedral, in Port Harcourt, Rivers State, on Friday, November 6, 2026.
The dedication ceremony marks a significant milestone for the church, which is led by its founder and Presiding Pastor, David Ibiyeomie.
The new cathedral is expected to serve as the ministry’s global worship centre, providing a larger space for religious gatherings, spiritual activities and other church programmes.
The event is anticipated to attract worshippers, church leaders, ministers of the gospel and other Christian faithful from different parts of Nigeria and beyond.
By staff Reporter Rukevwe Odeh
The campaign convoy of former Vice-President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has reportedly been attacked by suspected hoodlums in Kebbi State, leaving several media equipment destroyed.
The incident reportedly occurred on Thursday, November 5, 2026, while the campaign team was moving through the state for political engagements ahead of the 2027 general elections.
According to the campaign team, the attackers allegedly blocked the convoy, pelted vehicles with stones and subsequently targeted journalists and members of the accompanying media crew.
By staff Reporter Rukevwe Odeh
The Lagos State Government has intensified efforts to address persistent electricity challenges by seeking increased private-sector investment and promoting cleaner energy alternatives to improve power supply across the state.
The Commissioner for Energy and Mineral Resources, Biodun Ogunleye, disclosed this on Thursday during a press conference ahead of the state’s forthcoming energy summit.
Ogunleye said the initiative was designed to translate discussions surrounding Lagos’ electricity challenges into practical solutions that would expand access to reliable power, strengthen energy infrastructure and stimulate economic growth.
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