Business
NCC moves to boost internet speed with 6GHz spectrum
NCC moves to boost internet speed with 6GHz spectrum
The Nigerian Communications Commission (NCC) on Thursday said it has begun moves to harness 6GHz spectrum for improved internet speed in Nigeria.
The Executive Vice Chairman of the Commission, Dr. Aminu Maida, disclosed this during a Stakeholders’ Consultative Forum on Emerging Technologies in Lagos.
The 6 GHz spectrum is a band of radio frequencies that offers several benefits for wireless communication, including faster data rates and transmission speeds than previous bands.
According to the EVC, deploying this higher spectrum became necessary as the current 5GHz and 2.4GHz bands are facing capacity constraints.
Growing demands for speed
Maida, who was represented by the Executive Commissioner of Technical Services at NCC, Abraham Oshadami, said the move would address the growing demand for high-speed internet.
He added that Nigeria would be joining the league of countries already utilizing part of the 6GHz band for Wi-Fi -6 applications.
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“The 6GHz band, spanning from 5925 MHz to 7125 MHz, offers a substantial increase in available spectrum, which is crucial for supporting the growing demand for high-speed internet and advanced applications.
“Wi-Fi plays a crucial role in the distribution of fixed broadband connectivity in homes, offices, and various other environments.
“The vast majority of home internet traffic is connected to the end-user through Wi-Fi.
“In enterprise settings, Wi-Fi is essential for handling large amounts of data and simultaneously connecting large numbers of devices with improved reliability, higher data throughput and lower latencies,” Maida said.
Overcrowded airwaves
Similarly, the Head, of Spectrum Administration at the NCC, Atiku Lawal, said that the overcrowded airwaves were currently limiting the potential of Wi-Fi in the 2.4GHz and 5GHz.
- Lawal said that it was not a surprise that more than seventy countries had already acted, or were considering acting on opening the 6GHz band for unlicensed Wi-Fi use.
- He noted that depending upon the country’s implementation plan, this decision would provide two to three times the spectrum available today.
- This is also expected to result in the ability to implement 80MHz and 160 MHz channels being available for the new Wi-Fi 6 standard ideal to support digital transformation efforts and use cases like high definition video and X Reality (XR).
“The commission’s decision to open the 6GHz frequency band for unlicensed Wi-Fi use is poised to revolutionize broadband connectivity in Nigeria.
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“This move will significantly enhance internet services, providing faster and more reliable connections. With the advent of Wi-Fi 6, users can expect higher data rates and increased capacity, making it ideal for high-demand environments such as stadiums, airports and offices,” he said.
He added that by offloading devices from cellular networks to Wi-Fi 6, the NCC aims to improve overall quality of service, alleviating capacity constraints and boosting broadband penetration in Nigeria.
Operators’ request
While commending the NCC, the Chairman of the Association of Licensed Telecoms Operators of Nigeria (ALTON), Gbenga Adebayo, pleaded with the Federal Government to assist operators in upgrading to the new spectrum.
- He said the appeal was coming because operators struggled to expand their networks.
- Adebayo, who was represented by the Executive Secretary, ALTON, Gbolahan Awonuga, said the telecom operators are not isolated from the harsh financial ecosystem.
“We need money to upgrade our infrastructure and import equipment, so as for us to benefit from the 6GHz.
“Our members are struggling to expand their infrastructure. We appeal to the federal government to come to our aid.”
NCC moves to boost internet speed with 6GHz spectrum
Business
PH refinery: 200 trucks will load petroleum products daily, says Presidency
PH refinery: 200 trucks will load petroleum products daily, says Presidency
No fewer than 200 trucks are set to load petroleum products at the government-owned Port Harcourt Refinery, the presidency has said.
A presidential spokesperson, Sunday Dare, made this known in a statement through his official X handle on Tuesday.
Newstrends had reported that the Nigerian National Petroleum Company on Tuesday announced that Port Harcourt Refinery has resumed operations and crude oil processing after years of inactivity.
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Reacting, Dare said, “200 trucks are expected to load products daily from the refinery, Renewing the Hopes of Nigeria.”
He added that “the Port Harcourt refinery has two wings.
“The Old Refinery comes on stream today with an installed production capacity of 60, 000 barrels per day of crude oil.”
PH refinery: 200 trucks will load petroleum products daily, says Presidency
Business
Breaking: CBN increases interest rate to 27.50%
Breaking: CBN increases interest rate to 27.50%
The Central Bank of Nigeria (CBN) has raised the lending interest to 27.50 per cent from 27.25 per cent.
This latest increase in the Monetary Policy Rate came after a meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Monday and concluded Tuesday.
The Monetary Policy Rate measures the benchmark interest rate.
The CBN Governor, Yemi Cardoso, announced this in Abuja on Tuesday after the MPC meeting, last for the year, held at the apex bank’s headquarters.
He said the MPC voted unanimously to raise the MPR by 25 basis points from 27.25% to 27.50%; and retain the Cash Reserve Ratio (CRR) at 50% for Deposit Money Banks and 16% for Merchant Banks.
The CBN governor also said the MPC retained the Liquidity Ratio (LR) at 30% and Asymmetric Corridor at +500/-100 basis points around the MPR.
Business
Nigeria’s unemployment rate dropped to 4.3% in Q2 – NBS
Nigeria’s unemployment rate dropped to 4.3% in Q2 – NBS
Nigeria’s unemployment rate stood at 4.3 per cent in the second quarter of 2024, the National Bureau of Statistics (NBS) has said in its latest report.
The report released on Monday said the unemployment rate decreased compared to the 5.3 per cent recorded in the Q1 of 2024.
The NBS defined the unemployment rate as the share of the labour force (the combination of unemployed and employed people) who are not employed but actively searching and are available for work.
“The unemployment rate for Q2 2024 was 4.3%, showing an increase of 0.1 percentage point compared to the same period last year,” the report stated.
“The unemployment rate among males was 3.4% and 5.1% among females.
“By place of residence, the unemployment rate was 5.2% in urban areas and 2.8% in rural areas. Youth unemployment rate was 6.5% in Q2 2024, showing a decrease from 8.4% in Q1 2024.”
Report also said the unemployment rate among persons with post-secondary education was 4.8 per cent; 8.5 per cent among those with upper secondary education, 5.8 per cent for those with lower secondary education, and 2.8 per cent among those with primary education in Q2 2024.
Employment rate – 76%
The report showed that the employment-to-population ratio, which measures the number of employed workers against the total working-age population, increased to 76.1 per cent in Q2 2024.
“In Q2 2024, 76.1% of Nigeria’s working-age population was employed, up from 73.1% in Q1 2024,” the report stated.
Self-employment – 85.6%
The report further showed that Nigeria’s labour market saw a notable shift as the proportion of self-employed individuals increased in Q2 2024.
It stated, “The proportion of persons in self-employment in Q2 2024 was 85.6%.”
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