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MTN to Offer Nigerians Shares, Lists on NSE May 2018



Nigerians willing to put their money in MTN Nigeria, may have to wait till May 2018 because Mr Rob Shuter, chief executive officer (CEO) of MTN Group, has said that the firm was making underground plans for an initial public offering of its Nigerian business


This is expected to be completed in the next six months.


According to him, “We have a lot of advisers running around getting everything ready, it is a complicated process and there’s a lot of regulation that needs to be arranged. We are moving forward well with the project and anticipate concluding that in the next six months or so.”


Mr Shuter told Bloomberg that he was pleased with MTN’s operations in Nigeria and would definitely fancy listing its stocks on the NSE.


As at the last figure released by the National Bureau of Statistics (NBS), MTN Nigeria controls 39.73 percent of Nigeria’s 152.46 million subscriber base.


In June this year,  Nikiwe Tsaagane, general manager of MTN, assured the Federal Government that the leading telecommunications firm in the country will list its shares on the Nigerian Stock Exchange (NSE).


He had told Mr Ogbonnaya Onu, minister of Science and Technology, that plans were underway to make shareholders apply for the listing digitally.


“To achieve this, we are working with the Nigeria Stock Exchange to develop an application platform to enable our customers apply online. It would be the first time such is happening in the country,” Mr Tsaagane informed the Minister.


In August 2017, Mr Mounir Gwarzo, director-general of the Securities and Exchange Commission (SEC),  told journalists after the second Capital Market Committee (CMC) meeting in Lagos that discussions were ongoing with leading GSM service provider on its planned listing on the NSE.


He had promised that outcome of the talks would be known to the public when finalised.


“Concerning listing of MTN (Nigeria) on the Nigerian Stock Exchange, we have started discussions with them and also given them ideas on how to make it possible.


“We hope very soon, when the discussions are over, the company will announce its listing to investing public.


“I believe it (the listing) will boost our economy and showcase Nigeria as a good place to invest,” the SEC chief told newsmen.


The Nigerian government had said telecommunication firms operating in the country should list on the local bourse, though nothing concrete was yet to be realised.


The South African company, which boasts of over 60 million subscribers in Nigeria, is presently paying a fine to the Nigerian government and agreed to the Lagos IPO as part of the settlement of a $1 billion fine.

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NCC to Regulate Use of Satellite Communications



Prof. Umar Danbatta, executive vice chairman, Nigerian Communications Commission (NCC), has said that the commission would create a legal framework to regulate the use of satellite communications services and networks.


Danbatta represented by Austin Nwulune, director, Spectrum Administration Department, NCC said this at the Public Inquiry on the Commercial Satellite Communication Guideline and the Draft Consumer Code of Practice Regulations (as Amended).


According to him, the draft commercial satellite communications guidelines are aimed at creating a legal framework to regulate the provision and use of satellite communication services and networks.

He said: “In whole or in part within Nigeria or on a ship or aircraft registered in the country.


“The intention behind the development of the guidelines is to ensure a well-developed and organised satellite communications market in Nigeria.


“With appropriate legal framework that meets international best practices, encourage innovation and guarantee public safety.”


Danbatta said the guidelines would ensure effective management of scarce frequency resources, especially bands where frequency is shared between satellite and terrestrial systems.


He said the guidelines would also encourage use of satellite connectivity to unserved areas that lack terrestrial transmission infrastructure backbone.


The NCC boss said on the draft Consumer Code of Practice Regulations was an amendment on the previous regulations made in 2007.


He said the guidelines would provide a more robust framework, effective and efficient processes /procedures to be followed by licensees in developing their individual consumer code to govern the provision of services and other related consumer practices.


Danbatta said: “This to ensure that consumers are adequately informed of the type of services being offered by operators, thereby aligning with the commission’s function of protecting the interests of consumers  against unfair practices.


“Furthermore, these regulations have been amended to reflect best practice in the industry.’’


Danbatta said the public inquiry forum was part of the commission’s rule-making process aimed at ensuring wide consultation in the development of regulatory instruments in accordance with NCC Act, 2003.


He said over the years, the process had proven invaluable in sourcing the opinions and inputs of stakeholders toward the development of sound regulatory frameworks for the Nigerian telecommunication industry.


Yetunde Akinloye, director, Legal and Regulatory Services, NCC while speaking on the overview of the amended Consumer Code of Practice Regulations said all codes must be submitted to the commission for approval.


Akinloye said approval should be granted within 30 days of submission of a code, unless the commission informs the licensee to amend the submitted code.


She said an approved code shall be published in two national newspapers within 30 days of approval.


She said: “Licensees are required to provide a copy of the approved code to consumers on request.’’


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NCC Launches TV Commercial on DND for Unsolicited SMS



Nigerian Communications Commission (NCC) has launched a nationwide television commercial to further equip subscribers against unsolicited text messages, as part of its efforts to educate and empower telecom subscribers.


The Commission had on March 15, 2017, launched a major campaign of awareness to enlighten subscribers about issues and solutions available to them that will enable them enjoy their services.


Among these solutions is the Do-Not-Disturb Code which enables subscribers who do not want to receive unsolicited text messages to simply text STOP to 2442 in any of the networks.


Subscribers who want particular types of messages have opportunity to choose a particular message type by texting HELP to 2442, to avail themselves of the different options to choose.


The television commercial which features popular comedian Helen Paul and Kanywood’s most popular actor, Ali Nuhu, will break in the broadcast media on Monday, March 26, 2018.


It will feature in major national television networks and local television stations in all the states of the federation.


Also featured in the television commercial is the 622 complaints platform, a toll free number operated by the NCC, where consumers whose complaints are not resolved by the service providers, can report to the Commission for immediate resolution.





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Swift Rolls out Free WI-FI Services Across Lagos



(L-R): Chief Marketing Officer, Swift Networks, Victoria Onwubiko; Managing Partner, AT3 Resources, Tosin Adefeko; Managing Director, Swift Networks, Charles Anudu and Chief Operating Officer, Swift Networks, Chuma Okoye at the press conference announcing the launch of Red Cheetah free broadband service in Lagos.

Swift Networks, Nigeria’s leading broadband service provider is partnering with leading global brands to offer free broadband Wi-Fi service in Lagos.

According to the company, Red Cheetah, is a new brand under the stable of Swift Networks which will offer free Wi-Fi services, starting with an initial 10,000 hotspots distributed all over the state, supported by advertising revenues from leading global brands and partners.

They said that Red Cheetah is expected to help deepen Nigeria’s broadband penetration and aspiration for universal internet access for greater social equity and inclusion.

Charles Anudu, CEO, Managing Director, SWIFT Networks, speaking at the product launch said “The Red Cheetah service model once more follows in SWIFT’s tradition of demystifying and making technology to work for Nigerians so that they can hook up to the digital world to explore, work and entertain more efficiently.

“We are excited to pioneer this cutting edge service model and will rapidly extend it to more cities in Nigeria and the continent.

“The security of every user’s access is enhanced by the Red Cheetah App which establishes a distinct and secure Virtual Private Network (VPN) connection to the internet for each device on the platform.

“I strongly believe that this dogged work of over two years is the ideal model that will empower Nigerians to live their most productive lifestyles in a digital world.

“I am extra proud that everything about Red Cheetah is Nigerian and shows what we can achieve when we commit to solving the problems of our society taking our context into consideration”.

Chukwuma Okoye, Chief Operating Officer, SWIFT, said “Our plan is to roll out an initial 10,000 Red Cheetah hotspots in Lagos which will be the largest Wi-Fi footprint of its kind anywhere in Africa and will cover many verticals including schools, airports, buses, taxis, shopping malls, bars, clubs, restaurants, open markets, hospitals and in fact any place where Nigerians need to research, catch up on work and play.

This revolutionary service powered by SWIFT is fast, secure, reliable and supported by legendary sponsor brands with strong commitment to corporate social responsibility to Nigeria”,

Red Cheetah hotspots went live in Lagos earlier this month at certain locations including MMA-2, Hard Rock Café, Shiro restaurant, Festival Mall, some Tastee Fired Chicken and Bukka Hut outlets, over 200 BRT Buses, Smart Cabs, Eko Hospital, VGC Club, among others.

The rollout is ongoing and more locations are being added on a daily basis towards our 10,000 hotspot target in Lagos.

The company said that Prospective Red Cheetah users must first download the Red Cheetah app for Android free from the Google Play Store or and complete a mandatory one-time online registration process.

Users are allowed to register multiple android devices as every device must be independently registered to access the internet via Red Cheetah.

The first Red Cheetah app release is for the Android operating system only while the other operating systems will follow shortly.

Users will be expected to view adverts at intervals from the sponsors and partners who make the free service possible.


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