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Tag Archives: NCC

Etisalat’s loan: CBN, NCC should stop tossing lenders’ around—Banks’ shareholders’


Leading capital market pundits and leadership structures of shareholders associations have waded in to the Snell speed handling of the $1.2bn syndicated loan default between Etisalat Nigeria and a consortium of 13 banks. Running for months now, Etisalat Nigeria had been in talks with Nigerian banks to restructure a $1.2bn loan after missing repayments, but there are indications that a ...

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Delegates of NCC at the ‘Broadband for All Summit’ with US telecoms boss, Pai

NCC at Sweden Broadband 33

Delegation of Nigerian Communications Commission (NCC) to the ‘Broadband For All Summit’ holding in Sweden in a group photograph with the Chairman of USA Federal Communications Commission, Mr. Ajit Pai.

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NCA: How Etisalat’s operating licence can be transferred to banks’ on further default

Etisalat banks

Barring further collapse of Etisalat’s $1.2bn syndicated loan repayment negotiations this week, legal experts have smoked out a possibility from the extant Nigerian Communications Act (NCA), showing that even though issuance of a mobile telephone license is personal to the licensee and not transferable to a third party, it can be transferred to the third party on the written approval ...

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How issued surrounding Etisalat’s $1.2bn loan crisis watered down Glo’s interest

Glo Etisa

More details emerged over the weekend indicating apparent loss of interest by Globacom in finalizing acquisition plans of the embattled Etisalat Nigeria. The key factors that botched the plan was traced to the unresolved debt crisis, the entire handling, information management, claims and counter claims by the management plus the Dubai group’s sudden quit at a time the Nigerian company ...

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New twist as banks seek forensic investigation on how Etisalat used $1.2bn loan


Fresh strange developments seem to be trailing the ongoing determination of the destiny of embattled telecoms group, Etisalat this week. Latest on Wednesday indicates that the consortium of 13 banks, involved in Etisalat Nigeria’s $1.2bn loan has changed its game, seeking the Federal Government’s intervention to investigate the management and use of the facility in the first instance. A dependable ...

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‘Poor coordination of FG’s broadband penetration drive killing investors’ confidence’


An indication capable of meaning that the federal government is not serious in driving broadband penetration seems to be emerging as there has been series of back and forth policy pronouncements in recent times on the matter. Speaking at a forum in Lagos recently, the minister of communications, Adebayo Shittu, said government would seek better ways to bridge the infrastructure ...

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Out of 5bn smartphones users worldwide, only 436m in sub-Sahara Africa—GSMA


More facts have emerged on why the Nigerian Communications Commission (NCC) said in Lagos on Tuesday that IPv6 is very urgent in Nigeria for being among fastest growing ICT nations. Part of the facts came from the latest report by GSMA, leading telecoms research group who said the number of mobile phone subscribers in the world has reached five billion, ...

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Nigerian Communications Commission (NCC) @ Lagos Digital PayExpo

NCC Eko Expo 22

Staff of Nigerian Communications Commission (NCC) at the Commission’s Stand at the Ongoing Digital PayExpo at Eko Hotel Lagos on Wednesday (June 14, 2017).

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ATCON renews calls for removal of ICT equipments from 41 barred from forex window

CBn Emefiele

The president of Association of Telecoms Companies of Nigeria (ATCON), Engineer Olusola Teniola has renewed calls on the federal government and the Central Bank of Nigeria (CBN) in particular to reconsider its inclusion of Information and Communications technology (ICT) equipments in the list of 41 items barred from accessing forex from the bank. In an interview with Business Hilights on ...

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For being among fastest growing ICT nations, IPv6 very urgent in Nigeria—Danbatta


The Executive Vice Chairman of Nigerian Communications Commission (NCC), Prof Umar Danbatta has explained the reason why Internet Protocol (IP) version 6 is very crucial to Nigeria at the opening ceremony of the 2017 International Workshop on IPV6 and INRM held in Lagos on Tuesday. In his keynote address presented by Haru Alhassan, Director of New media at the Commission, ...

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