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Poor service: NCC vows stiffer sanctions against GSM operators

The Nigerian Communications Commission (NCC) has warned telecommunication providers in the country to improve the quality of their networks and stop extorting Nigerian consumers. The regulatory agency said the body was aware of the challenges Nigerians were facing in the telecoms sector, warning  that...

MTN Pays N80bn of N330bn Fine — FG

The Federal Government says MTN had paid N80 billion of the N330 billion fine imposed on it for failing to deactivate more than five million unregistered SIM cards. Speaking at the News Agency of Nigeria (NAN) Forum in Abuja, the Minister of Communications, Mr Adebayo...

Senate Summons CBN, MTN, Banks over $13.9bn Transfer Probe

The Senate has summoned the Central Bank of Nigeria, MTN Nigeria, the Financial Reporting Council of Nigeria, three commercial banks and some businessmen over alleged violation of the Foreign Exchange (Monitoring and Miscellaneous) Act. The upper chamber of the National Assembly had instituted a probe...

Senate Starts Probe of Enelamah, MTN’s Alleged Illicit Repatriation of $14bn

The Senate has opened the probe into the alleged fraudulent repatriation of $13.92 billion from Nigeria by the Minister of Trade, Industry and Investment, Dr. Okechukwu Enelamah, in collusion with MTN Nigeria Limited, without authorisation. According to the Senate, MTN, in collaboration with the minister, exploited the...

NCC Rates Telecoms Firms in Data Subscription

The Nigerian Communications Commission has released details of how the four major operators fared in the data market in the month of June. From the figures published on the commission’s website, Globacom finished top of the table with 26,628,065 Internet subscribers. This shows an addition...

MTN Set To List On Local Stock Exchange In 2017

Africa’s biggest mobile phone operator MTN Group said on Thursday its Nigeria unit is on track to list on the Nigerian Stock Exchange (NSE) in 2017 as part of an agreement with the Federal Government. MTN had said in June its local unit would list...