Nigeria News (Standard)
Lagos Tech Sector Faces Hurdles as China Launches 10G Internet with Record-Breaking Speeds
China’s fibre broadband now downloads HD movies in seconds, while Nigerian operators still focus on expanding 5G and affordable data
China’s fibre broadband now downloads HD movies in seconds, while Nigerian operators still focus on expanding 5G and affordable data
China has rolled out the world’s first commercial 10G broadband network, offering download speeds of up to 10 gigabits per second (Gbps) in Hebei Province, a development that underscores Nigeria’s current struggles with affordable high-speed internet. The milestone was achieved by Chinese telecoms firms Huawei and China Unicom, who confirmed on Wednesday that the advanced fibre-optic infrastructure is already delivering real-world speeds close to 9,834 megabits per second (Mbps), upload rates above 1,000 Mbps, and latency as low as 3 milliseconds.
While China’s technology can reportedly download an entire HD film in under twenty seconds and power smart homes, AI applications, and ultra-fast cloud services, Nigeria remains some distance away from such capacity. According to industry data, major cities like Lagos and Abuja are still working to expand both 5G coverage and fibre broadband penetration, with most subscribers reliant on 4G networks and monthly data plans ranging from ₦5,000 to ₦20,000 for limited gigabytes.
Industry stakeholders say the launch of 10G in China is likely to influence global tech standards and eventually shape expectations in Nigeria. “With this kind of leap abroad, Nigerian tech workers and freelancers will need faster connections to remain competitive,” said telecoms analyst Adeyemi Ojo by phone. He warned that unless Nigeria accelerates infrastructure upgrades, local users may struggle as global internet platforms become more demanding.
At present, the main focus among Nigerian operators remains on extending reliable 5G access nationwide and making data more affordable. The Association of Licensed Telecom Operators of Nigeria (ALTON) stated in a recent briefing that widespread deployment of ultra-high-speed fibre would require significant investment in urban centres before it could reach residential homes. “We are aware of these advancements overseas but our immediate priority is ensuring existing networks are stable and accessible for all Nigerians,” ALTON’s spokesperson Gbenga Adebayo said.
Experts believe that as international markets adopt technologies like China’s new network backbone, older equipment such as efficient routers and modems may become more affordable for African countries. However, until there is substantial investment in local digital infrastructure, ultra-fast connections like those now available in parts of China remain a long-term aspiration for most Nigerians.
Source: https://www.pulse.ng/story/china-launches-10g-internet-how-nigeria-compares-2026062611455849353
Nigeria News (Standard)
CBN, Trade Ministry Outline AfCFTA Reforms at Lagos Citibank Forum
Officials highlight Nigeria’s strategy to boost regional trade and address business barriers under AfCFTA framework
Officials highlight Nigeria’s strategy to boost regional trade and address business barriers under AfCFTA framework
Senior officials from the Central Bank of Nigeria (CBN) and the Federal Ministry of Industry, Trade and Investment have presented fresh perspectives on Nigeria’s trade reforms under the African Continental Free Trade Area (AfCFTA) agreement during a stakeholders’ forum hosted by Citibank in Lagos on Friday, 26 June 2026.
The event brought together financial sector leaders and government representatives to discuss ongoing regulatory changes aimed at strengthening Nigeria’s position in intra-African trade. According to presentations delivered at the forum, both CBN and the ministry are prioritising policies that encourage Nigerian businesses to tap into AfCFTA’s expanded market access, while also addressing long-standing challenges such as cross-border payment systems and non-tariff barriers.
The discussions come at a time when many Nigerian manufacturers and exporters are seeking clarity on how new trade protocols will affect their operations. Stakeholders emphasised that effective implementation of AfCFTA could unlock significant economic opportunities for local firms, especially in agriculture, manufacturing, and services sectors. Government officials reaffirmed their commitment to ensuring that regulatory reforms align with the realities faced by Nigerian entrepreneurs.
“Government is committed to reducing bottlenecks and supporting businesses so they can compete favourably across Africa,” an official from the trade ministry said during the session. Representatives of Citibank added that banking sector innovation would be key to easing transactions under the new regime. Some participants, however, noted concerns over customs procedures and infrastructure gaps that may limit Nigeria’s competitiveness if left unaddressed.
As discussions continue between regulators and industry players, authorities say further policy guidelines will be issued in coming months to support seamless participation of Nigerian businesses under AfCFTA. The outcome of these reforms is expected to shape Nigeria’s export drive and regional economic integration in years ahead.
Nigeria News (Standard)
Finance Minister Oyedele Backs Expansion of Nigeria’s Tax Net Over Rate Hike in Abuja Meeting
Minister urges Chartered Institute of Taxation to intensify public awareness as government targets more eligible taxpayers
Minister urges Chartered Institute of Taxation to intensify public awareness as government targets more eligible taxpayers
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has reiterated that government is focused on expanding the country’s tax net rather than raising tax rates, as part of ongoing fiscal reforms aimed at boosting revenue. Oyedele made this position clear on Thursday during a meeting with leadership of the Chartered Institute of Taxation of Nigeria (CITN) in Abuja.
Speaking at the event, Oyedele stated that government’s priority is to bring more eligible Nigerians and businesses into the formal tax system to ensure fairness and improve funding for public services. He emphasised that increasing tax rates was not under consideration, noting that those already complying should not be burdened further. “It is not about increasing taxes but making sure that those who are supposed to pay taxes do so. We want to promote fairness in tax administration,” the minister said.
Oyedele highlighted that despite several reforms over the years, Nigeria still struggles with low tax revenue collection, limiting funds available for critical sectors such as infrastructure, healthcare, and education. He pointed out that a significant number of eligible taxpayers remain outside the tax bracket, which constrains economic development efforts. According to Oyedele, “We are still not getting enough revenue from taxes,” urging a shift towards broadening compliance rather than imposing higher levies.
The minister commended CITN for launching a National Tax Awareness Day and supporting government reforms. He called on the institute to step up public enlightenment campaigns to address misconceptions about taxation among Nigerians. Oyedele stressed that many citizens continue to see taxation merely as a means for government to collect money, rather than a tool for national development.
Additionally, Oyedele challenged CITN to establish annual awards recognising individuals and organisations who demonstrate exemplary tax compliance. He believes such recognition would encourage voluntary compliance across the country and help build trust in the system. The Federal Government has consistently maintained that its current reform agenda seeks to simplify Nigeria’s tax structure by reducing multiple taxation and improving administration while broadening participation, instead of raising rates for those already paying.
Nigeria News (Standard)
Port Harcourt’s Beekay Bassey Champions Afro Soul, Advocates Hope Through Live Music
Emerging singer credits city’s insecurity for shaping his sound, calls for deeper recognition of soul genre in Nigeria
Emerging singer credits city’s insecurity for shaping his sound, calls for deeper recognition of soul genre in Nigeria
Beekay Bassey, a fast-rising Afro soul musician from Port Harcourt, Rivers State, has highlighted how growing up amid insecurity in the city influenced his passion for music and commitment to spreading hope. Speaking on Wednesday, Bassey described choir rehearsals as a safe haven during tense periods, which eventually inspired him to pursue a career rooted in soul and live performance.
According to the singer-songwriter, Port Harcourt’s environment played a crucial role in shaping his artistic journey. He explained that music served as both an escape and a tool for self-expression during challenging times. “Music became a kind of rescue for me,” Bassey said, reflecting on his formative years. He noted that the experience fuelled his drive to deliver messages of hope and resilience through every performance.
The Nigerian music scene has long been dominated by pop and adjacent genres, often pushing soul musicians to the background. However, Bassey believes there is growing space for artists who prioritise depth and authenticity. “There are still troubadours making a case for the genre with profound releases,” he stated, urging more support for live music platforms and opportunities for emerging talents.
Industry watchers say Bassey’s emergence signals renewed interest in Afro soul at a time when many young Nigerians are seeking more meaningful musical experiences. Some stakeholders have called on event organisers and promoters to invest in live showcases that highlight diverse genres beyond mainstream hits.
As Beekay Bassey continues to perform across major cities, he remains focused on using his craft to uplift audiences. “My goal is to spread hope with every song,” he said. Observers expect his advocacy will encourage both listeners and industry players to embrace the healing power of soul music within Nigeria’s evolving cultural landscape.
Source: https://guardian.ng/life/music/beekay-basseyon-afro-soul-live-music-and-spreading-hope-with-soul/
CBN, Trade Ministry Outline AfCFTA Reforms at Lagos Citibank Forum
Finance Minister Oyedele Backs Expansion of Nigeria’s Tax Net Over Rate Hike in Abuja Meeting
Port Harcourt’s Beekay Bassey Champions Afro Soul, Advocates Hope Through Live Music
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