The Nigerian Communications Commission (NCC) has announced that MTN Communications Nigeria Plc and Mafab Communications Limited, the provisional winners of the 3.5 Gigahertz (GHz) spectrum license, have made their full payment of $273.6 million each for the 5G Spectrum license to the Commission, Digital Times reports. The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, officially confirmed the payment status Thursday, February 24, 2022, just as the deadline set for the two winners of the spectrum auction elapsed. Digital Times recalls that as part of the auction process put in place by the Commission in the…
Author: Our REPORTER
The Chief Executive Officer, 9PSB, Branka Mracajac, has emphasised the need to pay close attention to content creation as an important factor in driving and accelerating financial inclusion in the country, stating that it is capable of enhancing the future of digital banking in the long-term. Mracajac spoke while presenting a keynote address, themed “Content Creation and Financial Inclusion: The Future of Digital Banking” at the Tech Summit Ogun 2022, which was held at the Olusegun Obasanjo Presidential Library Abeokuta, Ogun State on Thursday, February 17, 2022. According to her, while there are ongoing efforts to support the country’s financial…
The Managing Director and Chief Executive Officer of Wema Bank Plc, Mr. Ademola Adebise, has advised accountants to store data safely and protect them against cybersecurity threats and other criminal breaches. Adebise gave the advice on Tuesday at the 16th Institute of Chartered Accountants of Nigeria (ICAN) Western Accountants Conference themed ‘Digital Economy: Whither the Professional Accountant’ held in Ijebu-Ode, Ogun State. The MD/CEO who stressed the importance of data storage and security said that accountants in the digital age must be flexible and knowledgeable to save data on storage devices on-premises or in the cloud. He also noted that…
The best technological innovation in Commercial Washing Machines, Dryers, Dishwashers and Stylers was in exhibition at the LG Electronics (LG) Conference of Real Estate Developers, Consultants and Hoteliers held in Lagos on Saturday, February 19th, 2022. Organised by the World’s Electronics giant, the exclusive Home Appliances Conference was aimed at introducing LG’s key stakeholders to the world of possibilities and creativity that its business solutions can provide. Mr. Brian Kang, General Manager, Home Appliances Division, LG Electronics West Africa Operations, said the product display was to enable its partners to learn more about LG’s business solutions and also reaffirm its…
For setting the pace of 5G deployment in Africa, the leadership of the Nigerian Communications Commission (NCC) has received a pat on the back from the Nigerian Institute of Electrical and Electronics Engineers (NIEEE). NIEEE had in a statement signed by its outgoing National Chairman, Engr. Kings Adeyemi, singled out the Executive Vice Chairman, Prof Umar Garba Danbatta and the entire management staff of the Commission for accolades. “Major requirements for 5G journey include spectrum availability, investor-friendly regulatory policy and stakeholders’ awareness. The Nigerian Communications Commission (NCC) engaged relevant stakeholders ahead of the Federal Executive Council’s (FEC) approval of the…
LG Electronics, a Global Leader in Consumer Electronics has kicked-off the Home Appliances 2022 Valentine Campaign tagged “The Perfect Fit” in line with the mood of the season which is about love. The company said in a statement on Sunday that the campaign will introduce singles and couples to share their ideal Valentine’s date this season and stand a chance to be one of the couples to have an all-expense paid dinner with LG Home Appliances Brand Ambassador Rita Dominic and also go home with an LG Home Appliance Product as a gift. Digital Times reports that this campaign…
The Nigerian Communications Commission (NCC) has said that the mass media, whether print, broadcast, online, or other specialised genres, will remain central and strategic stakeholders to the telecom regulator in its commitment to delivering on its regulatory mandates as enshrined in the Nigerian Communications Act (NCA) 2003 and other policy instruments. Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the NCC, Prof. Umar Danbatta, stated this on Tuesday in his remarks while receiving a delegation of the topmost echelon of the Management of National Economy, a media organisation, on a courtesy visit to the Commission at its head office…
Smile Telecoms Group has announced that it has launched a restructuring plan under Part 26A of the UK Companies Act 2006(the “Restructuring Plan”) on 15 December 2021, with the English court sanction hearing due to take place at the end of February. A statement signed by Ms Nicolene van Zyl, Group Head, Corporate Communications and Marketing, stated that the recapitalisation to be implemented via the Restructuring Plan (the “Restructuring”) will strengthen and provide new funding to the business to allow Smile Telecoms Group to safeguard its operations and deliver its commercial objectives. In addition to the $63.6 million injected…
Jiji, the Nigerian-based venture, announced on Monday, Jan 31st its full acquisition of Ghanaian-based classifieds heavyweight Tonaton. The company is the enterprise behind the Jiji app, the #1 application by downloads in the Shopping category on the Google Play Store in Nigeria, and currently the highest-rated e-commerce app in the country. Jiji already holds leadership positions in Ghana and Kenya. Additionally, the marketplace operates in Uganda and Tanzania, with some 12 million users making up a monthly active base among all geographies. Digital Times understands that the amount of the transaction was undisclosed. Tonaton, a subsidiary of Saltside, was the…
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