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NCC Move Against Substandard Products

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The Nigerian Communications Commission, NCC yesterday renewed its resolve to eliminate substandard and counterfeit handsets and other telecommunication devices across the country.

The NCC’s Head of Zonal Operations Department, Helen Obi reiterated the commission’s resolve at the stakeholders’ sensitization workshop on the hazardous effect of non-type approved handsets and impact on quality of service held in Lafia, the Nasarawa State capital. Obi, who was represented by Principal Manager of the department, Olatubosun Olakisola stated that the workshop was organised to sensitize telecommunication consumers, particularly mobile phone users on the hazardous effects of non-type approved handsets and the negative impact on quality of service.

He said it was in response to public concern regarding the proliferation of non-type approved handsets and other terminal equipment in Nigeria market which has far reaching consequences on the health, economy and environment that the Commission found it imperative to educate the general public on the menace of using non-type approved and substandard equipment. As a responsible industry regulator, she said the commission was committed to ensure that the consumers were not shortchanged but enjoy their stake in the telecom industry. “As part of our enlightenment programme, we are here on a sensitization program to sensitize the public on the hazardous effects of non-type approved devices and its impacts.

“We have a data base where the public can assess all type-approved handsets. We are talking about quality of service. Some of these handsets have to work with the network. We are talking about safety, protection to the network, protection of general public from all these dangerous equipments.”

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MTN about to paying off N330bn fine in Nigeria – NCC

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Telecommunications giant, MTN has paid N275 billion ($898.99 million) toward a 330 billion naira fine imposed on it for not disconnecting unregistered SIM cards, Nigeria’s communications agency said on Tuesday.

The final 55 billion naira payment from MTN, Africa’s largest telecommunications firm, to the Nigerian government is due at the end of the month, the Nigerian Communications Commission said in a statement.

MTN was originally fined 1.04 trillion naira for failing to deactivate more than 5 million unregistered SIM cards, but it negotiated a reduced fine to clear its path to list its subsidiary on the Nigerian Stock Exchange.

Last week, shares began trading on the Nigerian Stock Exchange in Lagos in a 2 trillion naira flotation that marked the exchange’s second-largest stock by market value.

Reuters

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MTN registers Nigerian business shares before listing

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MTN has registered more than 20 billion shares of its $5 billion Nigerian business before its planned listing of the unit in the West African nation, the South African telecoms firm said on Tuesday.

It announced the move shortly after a judge cleared Africa’s biggest telecoms firm on Tuesday of missing a deadline to file a challenge against a $2 billion tax demand, the latest row with the authorities to beset MTN’s Nigerian business.

MTN argues that the attorney general exceeded his power when he issued the backdated tax demand in September. State lawyers had filed a case saying MTN did not file its challenge in time.

MTN Nigeria said after the judge’s ruling it had registered to list 20.4 billion ordinary shares at 0.02 naira ($0.0001) each with Nigeria’s securities regulator, before listing the business that MTN valued at about $5 billion last year.

“We have achieved another milestone in our listing process,” MTN Nigeria Chief Executive Ferdi Moolman said in a statement.

The company said it had started talks with the stock exchange to complete the listing and would meet investors to discuss the plans on May 16.

It has previously said it did not plan to raise funds from investors immediately via the listing.

Nigeria is MTN’s biggest market, with 58 million users in 2018 and accounting for a third of the firm’s annual core profit. But the business has faced challenges in Nigeria, ranging from the tax demand to a fine over unregistered SIM cards.

MTN had said in 2016 it planned to list its local unit on the Nigerian Stock Exchange after agreeing to pay a $1.7 billion fine to settle the SIM card dispute with the government.

It previously said it planned to list in the first half of 2019.

In the tax case, a hearing into whether the auditor general acted within his rights is scheduled for June 26.

“MTN maintains that it is fully compliant with Nigerian tax laws. The company remains committed to meeting its fiscal responsibilities and contributing to the social and economic development of Nigeria,” MTN said after Tuesday’s ruling.

In Lagos, lawyers for the opposing sides had argued over whether or not the telecoms firm responded to the tax bill within the three-month period stipulated by law. The judge ruled that said MTN had responded in 19 days.

In a separate case, MTN agreed in December to make a $53 million payment to resolve a dispute over dividend repatriation.

MTN shares in Johannesburg were up 0.7 percent at 104.37 rand by 1338 GMT.

 

Reuters

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World Book Day: Airtel donates books to Underprivileged Children

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…holds book reading session across the country

Leading telecommunications services provider, Airtel Nigeria, will commemorate the 2018 World Book Day with public primary school pupils across different locations in the country with the donation of 5000 books and hosting of book-reading sessions.

Managing Director and Chief Executive Officer of Airtel Nigeria, Mr. Segun Ogunsanya, will flag-off the initiative on Monday, 23rd April, 2018, with an interactive session with primary four and five students of one of the company’s Adopted schools, Oremeji Primary School 2, Ajeromi-Ifelodun, Ajegunle, Lagos.

During the session, Ogunsanya will share stories to inspire the kids, hold a reading session that will have many of the kids as active participants and donate reading books to the children to instill and encourage a culture of reading.
Airtel says the book reading sessions and book donation exercises will also hold in different locations across the country.

The book reading and donation sessions will take place on Wednesday, April 25 in Kaduna; Friday, April 27 in Abuja; Tuesday, May 8, in Anambra and Thursday, May 10 in Kwara State.

Commenting on the World Book Day Initiative, Airtel’s Director of Corporate Communications & CSR, Emeka Oparah, said the company is committed to supporting underprivileged children and creating platforms that will inspire young Nigerians to succeed.

“We believe in investing in young Nigerians as they are our future leaders. The World Book Day provides a fine opportunity for us to support underprivileged children and inspire them to read and do so much more. We are confident that with the right support young Nigerians will do well,” he said.

World Book Day is celebrated to provide the people with many ideas and plans to make them aware about the situation and condition in the World. WBD is celebrated to provide the people to gather knowledge about many types of Books which makes them to get the specific knowledge about their requirements.

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