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…
FG, private sector partnering to fight Cybercrimes—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…
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…
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…
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…
MTN’s $14bn transfer saga, NPLs forced CBN to craft ECOs in banks’
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…
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…
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…
Adegbuyi deploying advanced tech to end leakages at NIPOST
Post Master General of the Nigeria Postal Service (NIPOST), Barrister Bisi Adegbuyi is set to revive the hitherto moribund NIPOST and return same to the part of profitability. Speaking in Lagos during the Bulkpost Venture Customers Forum held at Sheraton…
Experts blame CBN, banks for breaches in transfer of MTN’s $13.9bn
More facts are still emerging on the circumstances surrounding the alleged illegal transfer of about $13.9 billion from Nigerian banks to South African banks between 2006 and this year when the bubble burst. In the views of Alhaji Rilwan Sadiq,…
