NCC fights for Nigeria’s share of $13.2trn 5G economic gains

NCC fights for Nigeria’s share of $13.2trn 5G economic gains

Nigeria’s Telecoms regulator, the Nigerian Communications Commission (NCC) has continued to advance efforts towards ensuring that Nigeria does not miss out on the huge economic benefits promised by 5G technology. This played out again on Tuesday in the address of Umar Danbatta, the executive vice chairman of the NCC, while addressing the Abuja chapter of the Nigeria Information Technology Reporters Association (NITRA) at a capacity-building training the NCC organized for the tech journalists. Danbatta disabused the mind of Nigerians of misinformation about 5G which could deny the country its fair…

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NCC trains journalists on emerging telecoms, ICT trends

NCC trains journalists on emerging telecoms, ICT trends

As Danbatta pledges friendly environment for ICT growth _________________________ The Nigerian Communications Commission has trained members of the Nigerian Information Technology Reporters Association of Nigeria (NITRA) to acquaint them with latest trends in telecoms and information and communication technology (ICT). In his opening remarks at the event, Umar Danbatta, the executive vice chairman of the commission, stress that NCC has the tradition of ensuring that its stakeholders and partners from the media are well equipped with the knowledge and required skill-set to do their jobs effectively and efficiently. At the…

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Equities sustain third bullish session with N42bn

Equities sustain third bullish session with N42bn

The Bullish outlook of the Nigerian Stock market sustained it’s third day in a row as the market again commenced week on Monday with another wave of profit to a tune of N42 billion. The appreciation in stock value came on the back of bargain buying in Dangcem and some banking stocks, thus raisin the benchmark index of the market by 28 percentage points. Consequently, the All-Share Index (ASI) added 80.9 points to close at 28,777.96 basis points while market capitalisation rose in the same proportion to close at N15.042…

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CAP Plc, Portland Paints set to merge businesses

The Boards of Directors of Chemical and Allied Products Plc (CAP) and Portland Paints and Products Nigeria Plc (Portland Paints) have commenced the process to merge their businesses. According to CAP Plc is a statement released at the Nigerian Stock Exchange on Monday, the decision has beenade in accordance with applicable laws; with CAP emerging as the resultant entity or the proposed merger. However, the proposed merger is subject to the required regulatory and corporate approvals being obtained. According to the statement, signed by David Wright, the managing director of…

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MTN Nigeria appoints New CEO as Moolman exits March, 2021

Telecoms giant, MTN Nigeria has announced the appointment of Karl Toriola as the Chief Executive Officer (CEO) designate of the company. The appointment of Toriola, who is currently the vice president, West and Central Africa (WECA), will take effect on 1st of March 2021, providing enough time for an orderly handover, MTN disclosed in press statement on Monday. Toriola obtained a Bachelor of Science in Electronic and Electrical Engineering from the University of Ife, a Master of Science degree in Communication System from University of Wales, and attended the General…

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At N1.26trn, Chinese products top Nigeria’s imported goods list – NBS

At N1.26trn, Chinese products top Nigeria’s imported goods list – NBS

A total of 31.41 per cent of goods imported into Nigeria are from China, National Bureau of Statistics (NBS) has revealed. The NBS stated in its report on ‘Foreign trade in goods statistics’ for second quarter of 2020, that Spain topped the list of Nigeria’s exported goods. Part of the report read, “Nigeria’s imports, by country of origin, shows goods were imported mainly from China (N1.26tn or 31.41 per cent), United States (N428.9bn or 10.66 per cent), India (N322.3bn or 8.01 per cent), and the Netherlands (N202.9bn or 5.04 per…

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Equities defy curfew, violence to post N20bn gain

stock market

The Nigerian bourse end week positive with N20 billion gain despite the tension and curfew that characterized the End-SARS protest across many states last week. Similarly, the market also shrugged off the negative sentiment that should have accompanied the weak recovery in third quarter (Q3) earnings results of some medium and large capitalised companies published last week. As such, sentiment was broadly positive as the index rose in three out of the five trading sessions, trading report by the Nigerian Stock Exchange shows. Consequently, the NSE All-Share Index (ASI) advanced…

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MTN, 9mobile get NCC’s approval for national roaming service

Advocacy Groups, Danbatta, NCC

As Commission encourages resource sharing ________________________ The Nigerian Communications Commission (NCC) has granted approval for two mobile network operators (MNOs) to carry out trial on National Roaming Service for a period of three months, commencing from August 1, 2020 and to end by October 31, 2020. The two telecoms companies are Mobile Telecommunication Network (MTN) Nigeria and the Emerging Markets Telecommunication Service Limited (EMTS), trading as 9Mobile in Nigeria. With this approval EMTS and MTN are expected to configure their networks to begin test and simulation for customer experience. The…

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