Business
Broadcasting To Be Fully Digital By 2015 – NBC
The National Broadcasting Commission, (NBC), has said that Nigeria was looking forward to full digitilization of her broadcasting sector by the year 2015.
The Director General of National Broadcasting Commission, South-East Zone, Mrs. Victoria Eke, drop the hint at the weekend in Enugu during the launch of a new product that provides digital pay television service to subscribers in Enugu State.
She emphasized that NBC was looking forward to 2015 when the nation’s broadcasting would be fully digitilized with television viewers having clearer pictures and better broadcasting services as they should be.
The Director General in the zone said with the coming of Digital Video Television (DVT), the current trend in the sector was just a “preparatory ground” for the gradual phasing out of the analogue mold of broadcasting.
According to her, “What we have now is like preparatory ground; when the analogue TVs that we have today are no longer able to receive digitalized signals, when the whole affairs are digitalized. So these decoders would help us by serving as centre points which will bring us signals that we want from the television stations when Nigeria goes full digital”, she further stressed.
Represented on the occasion by Mrs. Susan Obi, an official at the NBC, South-East zonal office, Mrs Eke also spoke on the issue of piracy which in her opinion has done a great deal of harm to works of arts in the nation.
The NBC DG, therefore, made it clear that the commission was totally against the activities of pirates in the country as they pose serious threat to original works of artistes.
Her words: “Concerning piracy, I want to state because it is obvious, that the NBC protects its licensees, and NBC is against pirates. Several times, the NBC has partnered with the Nigeria Copyright Commission on issues of piracy and multi-Choice which is aware of this”, she added.
In her brief remark, the General Manager, Gotv Nigeria , Mrs. Elizabeth Amkpa said Gotv was a mass market product which the company was introducing for the first time in the Eastern part of the country “to provide high quality digital pay television service to the people of Enugu State “
Amkpa said in providing the service, the company adopted a cost-effective model by using the “most advanced Digital Video Broadcasting (DVB-T2) technology, the first of its kind in the African continent”
On how the company can avoid cultural imperialism, which people say might affect Nigerian television viewers especially children through the cable network service or decoder , she said, the commission had a parental control device that made it possible for parents to monitor and censor according to what the kids watched.
Continuing, she said “So if you don’t want your children to watch any channel, you can block that channel and what the NBC does is that they monitor us 24 hours a day; the NBC and has DSTV.
well-regulated. So the NBC has been a Big brother watching us 24 hours every day of our lives,” she further explained.
The Central Bank of Nigeria (CBN) yesterday said 33 banks have met new minimum capital requirements under its recapitalisation programme, raising a combined N4.65 trillion to strengthen the financial system.
The apex bank disclosed this in a statement marking the end of the exercise, which commenced in March 2024 and drew participation from domestic and foreign investors.
The statement was jointly signed by the Director of Banking Supervision, Olubukola Akinwunmi, and the Acting Director of Corporate Communications, Hakama Sidi-Ali.
The statement said “Over the 24-month period, Nigerian banks raised a total of N4.65tn in new capital, strengthening the resilience of the financial system and enhancing its capacity to support the economy.”
The regulator said local investors accounted for 72.55 per cent of the funds, while international investors contributed 27.45 per cent, reflecting continued confidence in the sector.
Commenting on the outcome, the CBN Governor, Olayemi Cardoso, said in the statement, “The recapitalisation programme has strengthened the capital base of Nigerian banks, reinforcing the resilience of the financial system and ensuring it is well-positioned to support economic growth and withstand domestic and external shocks.”
It added that while 33 banks have complied with the new thresholds, a few others are still undergoing regulatory and legal processes.
The statement noted, “The CBN confirms that 33 banks have met the revised minimum capital requirements established under the programme.
“A limited number of institutions remain subject to ongoing regulatory and judicial processes, which are being addressed through established supervisory and legal frameworks.
“All banks remain fully operational, ensuring continued access to banking services for customers.”
The apex bank stressed that the exercise was executed without disrupting banking operations, ensuring uninterrupted access to services nationwide.
It further stated that key prudential indicators have improved, particularly capital adequacy ratios, which remain above global Basel benchmarks.
The minimum ratios were set at 10 per cent for regional and national banks and 15 per cent for banks with international licences.
The bank also said the recapitalisation coincided with a gradual exit from regulatory forbearance, a move it said improved asset quality, strengthened balance sheet transparency, and enhanced overall stability.
To preserve these gains, the CBN said it has reinforced its risk-based supervision framework, mandating periodic stress tests and adequate capital buffers for banks.
It added that supervisory and prudential guidelines would be reviewed regularly to strengthen governance, risk management, and resilience across the sector.
“The successful completion of the programme establishes a stronger and more resilient banking system, better positioned to support lending, mobilise savings, and withstand domestic and global shocks,” the statement said.
The Tide learnt that foreign capital inflows into Nigeria’s banking sector rose by 93.25 per cent year-on-year to $13.53bn in 2025, up from $7.00bn recorded in 2024, amid the ongoing recapitalisation drive by the Central Bank of Nigeria.
Data from the National Bureau of Statistics capital importation report showed that the banking sector remained the dominant destination for foreign capital, accounting for $13.53bn of the total $23.22bn recorded in 2025, representing 58.26 per cent of total inflows, up from 56.81 per cent in 2024.
The surge reflects heightened investor interest in Nigerian banks as they raised fresh capital to meet new regulatory thresholds introduced by the apex bank, with industry-wide recapitalisation activities driving large-scale inflows across all quarters of the year.
However, the Centre for the Promotion of Private Enterprise (CPPE) recently raised concerns over weak credit flows to small businesses despite recent banking sector reforms.
The CPPE, led by a renowned economist, Dr Muda Yusuf, acknowledged that the ongoing bank recapitalisation exercise by the CBN has strengthened the financial system, but warned that the benefits have yet to translate into meaningful support for the real economy.
The facility will be disbursed through participating Microfinance Institutions (MFIs), which will in turn extend the loans to their customers, particularly SMEs, as they directly interface with businesses at the grassroots level.
The Executive Director of COMCIN, Mr. Micheal Ogbaa who represented the Chairman, Dr. Iredele Oyedele (FCA, FCCA), said the initiative is designed to strengthen micro-lending institutions and expand access to finance for grassroots entrepreneurs, particularly women and youths in the informal sector.
Ogbaa explained that COMCIN does not lend directly to individuals but works through its network of microfinance and cooperative institutions, which in turn provide loans to end users.
“We came together to advocate for the microfinance ecosystem. Commercial banks often exclude people at the grassroots, but our members are positioned to reach them. This facility will empower them to do more,” he said.
He noted that the loan scheme offers low interest rates and flexible repayment plans, making it more accessible to small business owners.
According to him, about 90 percent of beneficiaries are expected to be women, who play a key role in sustaining families and driving economic activities at the local level.
“Our focus is on traders, service providers, and players in the informal sector. These are the real movers of the economy. By supporting them, we are strengthening families and contributing to national development,” he added.
Ogbaa disclosed that eligible SMEs with proven integrity and business track records could access up to N5 million each through participating micro-lending institutions. The rollout has commenced in Lagos and will extend to Abuja, Enugu, and other regions, including the South-West, South-East, and North-East.
He said 12 micro-lending institutions have already benefited from the scheme, while 85 applications are currently being processed under the pilot phase.
“Our target is to reach at least 100,000 SMEs nationwide. We are building a platform that connects funding partners with credible micro-lending institutions, creating a reliable channel for financial inclusion,” Ogbaa said.
He added that COMCIN is also working to attract larger funding pools from development finance institutions and private investors, noting that successful implementation of the pilot phase would boost confidence and unlock more capital for SMEs.
“We have seen encouraging testimonies from early beneficiaries. As we demonstrate transparency and efficiency, more institutions will be willing to channel funds through us,” he said.
-
Opinion3 days ago
Ozoro Festival: Tradition or Tyranny?
-
News3 days agoRSG Reiterates Commitment To Youth Dev
-
Rivers9 hours agoCourt Rules Out Interim Administration In Jumbo House, Bonny
-
Politics10 hours agoAPC Resumes Electronic Membership Registration Nationwide
-
Oil & Energy3 days agoTranscorp Energy, Renewvia Partner On Renewable Energy Gap
-
Politics3 days ago
RIVERS WOMEN RALLY SUPPORT, CONTINUOUS PRAYERS FOR TINUBU
-
Politics3 days ago
AKPABIO, DIRI, OBOREVWORI, OTHERS VOW TO REELECT TINUBU …AS GIADOM RETAINS APC ZONAL CHAIR
-
Business3 days agoNSCDC Discloses Illegal Dump Site In Ikwerre Community