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FG Vows To Review Broadcasting Code …Explains Why Govt Is Breaking Monopoly In Sector
The Minister of Information and Culture, Alhaji Lai Mohammed says no amount of attacks, sponsored or otherwise, will stop the implementation of approved recommendations on reform of broadcasting code.
The minister stated this, yesterday, at a meeting with Online Publishers in Lagos.
“Let me be straight: No amount of attacks sponsored or otherwise, will stop the implementation of the approved recommendations.
“Only non-patriots and anarchists will kick against measures aimed at putting an end to fake news and hate speech, especially in our broadcast industry.
“Only those who are guilty should be afraid of the efforts to sanitize the broadcast industry. Responsible broadcasters have nothing to fear.
“This is not a move to stifle free speech or gag anyone. But purveyors of fake news and hate speech should not expect to sleep easy,” he said.
The minister had on October 10 announced President Muhammadu Buhari’s approval of the review of National Broadcasting Code and extant broadcasting laws to reflect stiffer penalties for violators of broadcasting regulations.
Mohammed, who inaugurated the National Broadcasting Commission (NBC) Reform Implementation Committee, added that the President also endorsed the implementation of reforms to end monopoly in the sector.
The minister, however, noted that since the inauguration of the committee, there have been attacks, many of them sponsored, from some quarters.
“As I speak, plans are ongoing to launch more coordinated attacks, with a view to truncating the implementation of the approved recommendations,” he said.
He stressed that no responsible government would sit by and allow fake news and hate speech to rule the airwaves.
The minister stressed that fake news and hate speech have the capacity to exploit the national fault lines and trigger a national conflagration.
He reiterated that the Federal Government would continue to evolve ways to tackle the menace.
The minister recalled that he launched the National Campaign Against Fake News in July, 2018, in Abuja.
“While the national campaign has succeeded in putting the issue of fake news and hate speech on the front burner of national discourse, the menace has yet to go away.
“Let me be clear: we didn’t think the issue will suddenly disappear, but we also didn’t think it will get worse, which is what it is now.
“In fact, it remains a clear and imminent danger to the polity. It is in this light that we are once again asking you to join us in pushing this campaign,” he said.
The minister enjoined the Online Publishers, to lead the campaign against fake news and hate speech, which he tagged as “the Siamese twins of evil”.
“Gentleman, we expect you to remain in the vanguard of the efforts to tackle fake news and hate speech.
“We expect you to educate our people on the efforts being made, especially by the government, in this regard.
“This administration has no intention of muzzling the media or stifling free speech.
“Our campaign is against fake news and hate speech. And we will not rest until our media space has been rid of fake news and hate speech,” he said.
The President had underscored the need to inject sanity into the nation’s broadcast industry, following the unprofessional and unethical conduct of some broadcast stations, especially before and during the last general elections.
Highlights of the terms of reference of the reform implementation committee inaugurated by the minister included upward review of fines from N500,000 to N5million for breaches relating to hate speeches, inciting comments and indecency
“Wilful repeat of infractions on three occasions after levying fine on a station to attract suspension of license
“Upgrade of breach of political comments relating to hate speeches and divisive comments to “Class A” offence in the Broadcasting Code.”
The committee is also saddled with the responsibility of amending the NBC Act to enable NBC license WebTv and radio stations, among others.
The minister also said that the Federal Government was determined to end all forms of monopoly in broadcasting because it is detrimental to the actualization of the immense potential in the industry.
The minister stated this on Sunday at a meeting with Online Publishers in Lagos.
Mohammed recalled that he, on October 10, inaugurated the National Broadcasting Commission (NBC) Reform Implementation Committee to, among others, implement reforms to end monopoly in the sector.
The committee was also mandated to implement the review of National Broadcasting Code and extant broadcasting laws to reflect stiffer penalties for violators of broadcasting regulations as approved by President Muhammadu Buhari.
“A situation where a few people corner a chunk of the industry to the detriment of others, especially our teeming and talented youths, is totally unacceptable and untenable.
“Monopolies stunt growth, kill talents and discourage creativity.
“The clearest example of the creative energy that can be unleashed when monopoly is totally broken can be seen in the telecommunications industry.
The minister added: “Of course, the broadcast industry has also been liberalised. But any vestige of monopoly is antithetical to the liberalisation of the broadcast industry and must be dismantled.
“In the case of Nigeria, it’s the monopoly of content that breeds anti-competition practices.
“You cannot use your financial or whatever power to corner and hold on tight to a chunk of the market, preventing others from having access.
“Such monopolies are crumbling everywhere in the world and Nigeria cannot be left out.
With the implementation of the committee’s mandate, television viewers, especially lovers of sports may witness an end to MultiChoice’s monopoly on the live airing of high-profile sporting events.
High-profile sporting events, especially for well-loved sports, particularly soccer, are currently only available to subscribers of DSTV.
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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.
Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.
He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.
“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.
He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.
The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”
Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.
He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.
“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.
The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.
Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.
Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.
Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.
Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.
“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.
He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.
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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare
The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.
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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.
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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.
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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.
?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph, Port Harcourt”, he said.
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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.
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Fubara Redeploys Green As Commissioner For Justice
The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.
Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.
This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.
According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.
The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.
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