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Nigeria safe for genuine investors—–Minister

Adebayo Shittu

The Minister of Communications, Barrister Abdur-Raheem  Adebayo Shittu yesterday, in Abuja explained the present administration’s resolve to make Nigeria’s business environment safe and conducive for genuine investors. He said the country currently hosts the highest volume of foreign and indigenous investors and still has the capacity to accommodate more. According to him, “Nigeria is safe for investors and return on ...

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BlackBerry unveils DTEK60, latest Android Device with security software

BlackBerry Limited, a global software leader in securing, connecting and mobilizing enterprises, today announced the latest in its series of most secure Android smartphones, DTEK60. As part of BlackBerry’s transition towards a device software licensing strategy – which allows it to focus on putting “the smart in the phone” – the DTEK60’s hardware is manufactured by TCL and comes equipped ...

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Creditors of Mtel, Nitel bicker over default payment by liquidator

The core creditors of defunct Mtel and Nitel have written a petition to Presidential Advisory Committee Against Corruption (PACAC) and the Financial Reporting Council of Nigeria (FRCN) expressing worry over the way and manner the liquidator is handling their repayment plans more than one year ago. It would be recalled that it was after the deal was sealed that NATCOM ...

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FG, private sector partnering to fight Cybercrimes—Minister

Shittu, Comm Minister

As new prospects and emerging trends in cyber security is on the increase globally, the Minister of Communications, Barrister Adebayo Shittu has expressed the readiness of the Ministry to partner with agencies to catalyze and develop world-class human and institutional capacity in cyber security for the country. He said the Ministry is living up to expectation of sensitizing, raising awareness ...

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We are not guilty of illegal dividends transfer—MTN

MTN Group in a quarterly update to shareholders made available to journalists yesterday, has again noted that it was not guilty of the latest allegation of illegal dividend repatriation leveled against it by the Nigerian Senate, stressing the claims were totally unfounded and without merit. Addressing the latest developments on the alleged illegal repatriation of $13.97 billion by the MTN ...

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Samsung Note 7 owners in S/Korea file class-action suit


The number of Samsung Galaxy Note 7 owners demanding compensation for being inconvenienced by the smartphone’s troubles is starting to rise. In what may be the first Note 7 related class-action lawsuit filed in South Korea, 527 smartphone buyers are demanding Samsung Electronics Co. pay each plaintiff about 500,000 won (about $440) for time and effort lost when the phones ...

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StarTimes boosts signal coverage

Ahead of the June 20-17 Digital Switch over deadline, leading player in the campaign, StarTimes has reiterated its commitment to ensuring quality signal coverage and innovative offerings for both content bouquets and decoder products nationwide. According to the firm, this is consistent with its renewed drive to improve digital TV entertainment services and viewing experience for Nigerians and deepen the ...

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MTN’s $14bn transfer saga, NPLs forced CBN to craft ECOs in banks’

Emefiele CBN

More indications have emerged on why the Central Bank of Nigeria (CBN) last month issued a strong worded circular to all money deposit banks (DMBs) to create and appoint new Executive Compliance Officers (ECOs) who must not be below the level of an Executive Director. The directive also mandated the strengthening of the Office of the Chief Compliance Officer (CCO) ...

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Can el-Rufai right FCT, Lagos wrongs on spending N2.55Bn on CCTV, drones?

Since the Kaduna State Government revealed that it has earmarked over N2.55bn to procure CCTV cameras and drones, to provide adequate security cover in the state in 2017, followers of the sector have been asking critical question on whether the Mallam Nasir el-Rufai lead government beat other in coming to terms where others failed. Before the Kaduna State government came ...

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Enugu to host ‘Glo Campus Storm’

Trending fun train of the much celebrated music concert of the foremost telecommunications company, Globacom, Campus Storm, is set for the University of Nigeria after a hugely successful outing at the University of Port Harcourt last Friday. Globacom in a statement in Lagos said preparations were being finalised for the show at the Enugu Campus of the University of Nigeria. ...

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