News
Smile Communications Stimulates Free WiFi in Metrotaxi
Smile Communications Nigeria Limited, the 4G/LTE broadband provider, renowned for superfast and reliable Internet service, has scored another first in the industry activating free WiFi in over 200 Metrotaxis in Lagos.
The feat is consequent upon the consummation of the partnership between Smile Communications and popular auto service firm Metro-taxi
At the official announcement of the partnership, Mrs. Alero Ladipo, chief marketing officer, Smile Communications Nigeria Limited, described the feat as a ‘partnership’ designed to redefine life style among Metro-taxi passengers.
She said that the partnership was in line with Smile’s philosophy as the broadband provider of choice in Nigeria and will enable the teeming customers of Metrotaxi to fully benefit from the Internet world.
“Smile Communications Nigeria Limited”, she reiterated,” is uniquely famous for its transformative objective of using the best and most innovative technologies to provide its customers with high quality, easy to use and affordable communication services”.
Ladipo affirmed that “a lot of people think about The Internet from utility point of view. We are reinforcing the view that people should remain connected to the internet while on the go. The internet is about a more productive lifestyle. In spite of the strata of the society you belong, you should live a connected life. That is what Smile is advocating”.
According to her, “people are connected in different ways. Initially, in Nigeria, it was about making voice calls on your phone, but now people are connected via internet data making calls through Whatsapp, BBM etc. So, the partnership will intertwine the way we live our daily lives; riding in cars, cabs, buses, everyday. Before you know it, buses will have data and every street would become ‘smart’ ones, always connected. This is just a first step to what will happen in future”.
On why the telecom company chose MetroTaxi among competition, the Smile CMO said “Apart from Smile Communications being the ultimate 4G/LTE Company in Nigeria, we are creatively adding value to our customers’ lifestyle. The purpose of partnering with MetroTaxi is to improve on the conducive environment Metro taxi provides. Metro taxi maintains a standard and that is why we have partnered with them. They have maintained the integrity they promised from onset, which is in line with our principle”.
The benefits of the partnership, surmised Ladipo, are all encompassing for “It is also good for the drivers as well, because they have an opportunity to use the Google Map to locate their routes instead of stopping and asking people. At the same time, that passenger, whether or not he is a Smile Communications customer, has received additional value”.
Mrs. Priscilla Ibe, chief executive officer of Metrotaxi, said the company is thrilled by Smile’s magnanimity, adding that such partnership will even lift the company’s business profile.
She described Smile as a forward looking company that is true to the transformative objective that informed its establishment.
On its part Metro Taxi Limited, a subsidiary of The Philly & Mools Group, has set out to be an innovative customer oriented company, with the sole aim of providing unparalleled transportation service for both individual and corporate bodies.
Ibe said, “We are happy about this partnership. One of the basic needs of a Lagosian is to have a reliable, safe and comfortable ride. We thought of putting WiFi in the cabs so that while on the go the passenger can be connected-browsing, chatting, receiving and replying to business emails, among other bundles of opportunities this partnership will offer our passengers. We hope this is just the beginning with our 250 taxies already connected.
On fears that the free WiFi might lead to fare increase, Ibe allayed such fears. “Our fares remain the same. We are not considering increase or an upward review of the fares. Our collective desire is to offer our riders comfort and connectivity.
“This is going to improve our service because locating routes will become easier for the drivers. I look forward to getting passengers’ feedback. They will really enjoy it. Everybody wants access to the internet for Instagram, Facebook, Twitter, sharing, uploading and downloading.
“Our cars are Bluetooth enabled. So, when the drivers are on the road, they connect the Bluetooth and give commands to the car with the DVD panel that shows the maps. We have already trained them on the safety side too. We also have a back-office system to help us monitor, through GPS, what the drivers are doing. In addition, we have fleet officers on the road monitoring the drivers and that also curtails misbehaviours.
Also speaking on the occasion, Mr. Tobe Okigbo, chief corporate services officer for Smile Communications Nigeria Limited, said the gesture was in furtherance of the company’s resolve to enable the Internet of Things (IoT) capable of increasing individuals, corporations and the nation’s economic base.
Okigbo said, “The truth is this: the way the world is going now like the phenomenal Digital Dividend, it is about how the internet, incrementally, helps you to achieve more. Can you imagine how much manpower that is lost in traffic gridlocks in Lagos? People should work even while they are in traffic. They should continue to be productive. In number terms, assuming people spend three hours/day in traffic. Let’s quantify it at $300/hour in lost productivity. If they are able to remain productive, the $300 adds to their income.
“So, it has multiplier effect. Think about it, if they don’t lose it, then, they earn more money. If they earn more, government earns more tax (revenue) and provides more services. All this because they have been empowered via Smile Communications free WiFi in MetroTaxi. The impact of the internet on our way of life has become ubiquitous. When you are talking about Internet of Things (IoT), for instance, MetroTaxis will in future talk to each other. There are instances where equipment, without human intervention, based on algorithms, talk to each other and things get done in more efficient ways”.
He highlighted that the partnership will even lead to a whole lot of innovations in future.
News
NIA Questions Legality of Reps’ Financial Probe

The Nigerian Insurers Association has urged the House Committee on Capital Market and Institutions to respect the constitutional separation of powers as it carries out a probe on over 20 insurance firms.
In a statement on Tuesday night, the Director General/Chief Executive Officer of NIA, Mrs Bola Odukale, said the decision of NIA and the affected firms to approach the court was to seek clarity on the constitutional limits of the House Committee’s probe.
It would be recalled that the House of Representatives on Monday is investigating no fewer than 25 insurance companies operating in the country for various financial infractions spanning financial reporting, claims settlement, premium remittance, and issuance of policies.
The Chairman, House Sub-Committee on Capital Market and Institutions, Kwamoti Laori, during a meeting with the management of the insurance companies at the National Assembly Complex in Abuja, said the meeting was convened following the receipt of a petition on infractions by the insurance companies.
In the statement, Odukale said, “The Association wishes to state unequivocally that all actions taken by the NIA and the affected member companies in response to the Committee’s invitations and pronouncements were based entirely on legal advice by its Solicitors. It was on the firm instruction of legal counsel that recourse was made to the courts.
“The objective of approaching the Court is to seek judicial guidance on the legality, propriety, and constitutional limits of the Committee’s intervention in order to safeguard institutional integrity, uphold regulatory independence, and ensure that legislative oversight remains within the bounds of law.
“The Court action seeks to determine whether the current posture of the Committee reflects an exercise of legislative judgment, which, by constitutional design, is the exclusive province of statutory regulators, such as the National Insurance Commission, Securities and Exchange Commission, Nigerian Exchange, Financial Reporting Council, Nigeria Data Protection Commission, and the National Information Technology Development Agency.
“This raises serious questions about legislative overreach and an erosion of the doctrine of separation of powers, a cornerstone of Nigeria’s constitutional democracy.”
Odukale maintained that the NIA was committed to lawful and constructive engagement with all arms of government, provided that such engagement respects the autonomy of statutory regulators and the boundaries established by the Constitution.
“The NIA will continue to provide its full support to all member companies while upholding the principles of legal compliance and sector-wide integrity,” Odukale concluded.
17 of the companies that went to court were represented by their lawyer, Mr Abimbola Kayode, at the meeting with the committee.
News
Horn of Africa Leaders Seek Enhanced Digital Integration for Increased Regional Growth

Finance ministers and development partners from the Horn of Africa have called for enhanced digital integration to boost trade, drive economic growth and promote regional stability during the 25th Ministerial Meeting of the Horn of Africa Initiative (HoAI).
Held in Nairobi, on July 14, the meeting was co-chaired by the African Development Bank’s Vice President for Regional Development, Integration and Business Delivery, Nnenna Nwabufo and Somalia’s Minister of Finance, Bihi Iman Egeh. Discussions underscored the critical role of digital integration in reducing trade barriers, boosting government service delivery and creating employment — particularly for the region’s youth.
“Digital technologies are shaping today’s economy and tomorrow’s industries. By embedding these technologies into our programs, we can not only improve inclusion but also leapfrog outdated development models,” said Nwabufo.
She called for digital integration a “central enabler” in each of the Horn of Africa Initiative’s pillars – trade, infrastructure, resilience, and human capital,
Learning through experience
Drawing from global and regional success stories, speakers highlighted the transformative potential of technology-led development. The ministers pointed to the Philippines as a strong example, where ICT has generated millions of jobs in business process outsourcing. Similarly, Kenya’s fintech innovation—especially the success of M-PESA—was cited as a model for scaling digital financial services across the region.
Participants urged governments to proactively foster digital ecosystems by capitalizing on the demographic dividend, identifying infrastructure upgrades, tighter regulatory reforms, and digital skills trainings as priorities to enable broader participation in the digital economy.
Minister Egeh reiterated the need for more coordinated regional efforts to create the enabling environment required for accelerated digital integration and expansion. He referenced the HoAI Digital Policy Matrix, adopted in 2023 which provides a blueprint on how to address key obstacles to achieving effective digital integration across the region.
Barack Makokha, Kenya’s Cabinet Secretary for National Treasury, underscored the importance of regionally-aligned public private partnerships and advocated for blended financing to reduce investment risk and expand digital access in underserved areas.
World Bank Vice President for Eastern and Southern Africa, Ndiame Diop, called for a comprehensive multi-pronged approach, combining cross-border coordination, large-scale financing, robust policy support, and digital infrastructure investments. He pointed out that such measures could transform digital integration into, “a powerful engine of economic transformation” for the Horn of Africa—ensuring no one is left behind in the digital era.
The meeting concluded with a shared recognition that sustained political will and the determination to implement a multifaceted approach are essential to unlocking the region’s economic potential and driving long-term growth.
The event also welcomed observers from the East African Community, Agence française de développement, and Shelter Afrique, reflecting strong regional and international backing for the HoAI in the development community.
News
CSCS Inaugurates Custodian Portal to Enhance Digital Access, Operational Efficiency

Central Securities Clearing System Plc (CSCS), Nigeria’s capital market infrastructure provider, has launched its Custodian Portal, a user-centric digital solution designed to optimise custodian operations through intuitive, secure and efficient features.
Haruna Jalo-Waziri, Chief Executive Officer (CEO), CSCS, announced this in a statement on Monday.
The CSCS is a Public Limited Company with a diversified shareholder base, which serves as the Central Securities Depository for the Nigerian Capital Market.
It serves as the Central Depository for Equities, Commercial Papers, Corporate Bonds, Sub-National Bonds, certain Sovereign Bonds like the FGN Sukuk and the FGN Savings Bond, Equity-traded Funds, Real Estate Investment Trusts, Mutual funds and Commodities.
Jalo-Waziri said that the custodian portal offered a streamlined experience for market participants with powerful tools that facilitate comprehensive portfolio and trade management, document tracking, share transfer operations, client symbol search, and real-time access to vital data.
He explained that the portal, designed to operate through a flexible subscription-based model, empowered users to manage their records effortlessly and securely through convenient payment channels such as GTPay and Paystack.
According to him, “Digital transformation remains at the core of our strategy to enhance the efficiency, transparency and accessibility of Nigeria’s capital market services.
“The custodian portal is a significant leap in that direction, offering custodians a centralised platform to manage critical processes in real-time.
“We are excited about the value this innovation brings to our stakeholders, and we will continue to evolve the platform in line with users’ needs and industry trends.”
The CEO also explained that the portal was designed with user experience in mind with feature tools like portfolio viewing and downloads in PDF or Excel format.
He further said that it also featured tracking of stock movements across date ranges, inbox messaging and request tracking, as well as robust user management capabilities including role assignment and status tracking.
Similarly, the Divisional Head, Business Technology and Digital Innovation, CSCS Plc, Tobe Nnadozie, said that the portal aligned with CSCS’s drive to automate the market.
“In addition to the normal features, the platform is a part of an omnichannel platform for custodians, and includes API services.
“It also connects to the market-wide workflow, which CSCS has built to ensure secured communication and approvals across all major stakeholders in the market.
“The platform is well secured with best-of-breed cybersecurity solutions and our SOC,” he said.
The Custodian Portal reinforces CSCS’s commitment to leveraging technology to streamline back-office functions and support a more agile, data-driven capital market ecosystem.
All custodians in the Nigerian capital market have now been successfully on-boarded on the Custodian Portal, marking a significant milestone in CSCS’s ongoing drive to enhance collaboration, standardise operational processes, and promote digital adoption across the market.
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