Satellite Broadband and the Transition to Direct-to-Cell Connectivity

Satellite Broadband and the Transition to Direct-to-Cell Connectivity.

The Nigerian telecommunications industry is undergoing a substantial transformation
as satellite-based internet services shift from being niche enterprise solutions to becoming
mainstream consumer options. The Nigerian Communications Commission (NCC) plays a
pivotal role in this evolution by actively licensing Non-Geostationary Orbit (NGSO) providers,
which is steering the market towards the implementation of “Direct-to-Cell” (D2C) technology.

Mandatory Tax ID Validation and Digital Reporting in Nigeria

Mandatory Tax ID Validation and Digital Reporting in Nigeria

Effective January 1, 2026, the Nigeria Tax Administration Act (NTAA) heralds a transformative era of compliance for financial institutions. Pursuant to this legislation, banks and fintech companies are henceforth mandated to validate Tax Identification Numbers (TIN) for all individuals and corporate entities during the onboarding process, as well as for any subsequent account-related activities.

Nigeria Officially Launches Open Banking Framework

Nigeria Officially Launches Open Banking Framework

The formal operationalization of the Open Banking framework marks a significant milestone in Nigeria’s financial sector, positioning the country as a leader in Africa for adopting this collaborative system. Driven by the Central Bank of Nigeria (CBN), the framework establishes the foundational rules and technical standards for secure, consent-based sharing of customer financial data and services through standardized Application Programming Interfaces (APIs).