Telecom
5G: NCC Organises Capacity Building for Media Executives
Nigerian Communications Commission (NCC) has organised capacity building workshops for media executives in the northern and southern divides of the country, as part of efforts to support their continuous professional development critical stakeholders in the telecommunications industry.
This capacity building workshop is in anticipation of 2022 rollout of Fifth Generation (5G) network in Nigeria,
The workshops, which took place in Kano and Lagos recently with the theme: “5G Deployment and the Next Level of Nigeria’s Development,’ provided an avenue for media stakeholders to have better knowledge and understanding of the potentials of the new technology.
These workshops, in turn, are expected to position the journalists to be able to accurately report issues around 5G, through explanatory, incisive, analytical, and evidence-based reportage, while also being able to clarify misconceptions and misinformation on the new technology.
Through the workshops, the Commission believes the journalists will be able to focus on how 5G will impact different sectors of the economy, including agriculture, e-commerce, e-banking, Information and Communication Technology (ICT), education, healthcare, tourism and hospitality, security, entertainment including the music and movie industries and other aspects of Digital Nigeria.
Speaking at the two workshops, Prof. Umar Garba Danbatta, executive vice chairman of NCC, in his opening address, said the theme of the workshops was most apt at a time when the Commission is on full throttle to drive the implementation of 5G deployment in the country, following the approval of the Federal Government on September 8, 2021.
Delivering his address at the Kano and Lagos workshops through the Dr. Ikechukwu Adinde, director Public Affairs, NCC, and Dr. Omoniyi Ibietan, head, Online Media, NCC, respectively, Danbatta, said the workshops were organised to equip the media stakeholders with greater insights and knowledge around 5G in order to improve their overall understanding of the new technology, its usage, opportunities and the benefits it offers for the overall development of Nigeria’s socio-economic life.
“As we progress in our journey of 5G deployment, the media has a critical role in the process by ensuring proper and adequate reportage of the programmes and activities of the Commission as it unfolds the 5G Deployment Plan of the Federal Government,” he said in his opening address.
The EVC said Nigeria’s promising 5G Plan has the objectives of ensuring efficient assignment of spectrum for 5G deployment, creating an enabling environment for investment in the telecom industry, ensuring effective deployment of 5G to cover major urban cities by 2025, among others.
“In line with the objectives of the National Digital Economy Policy and Strategy (NDEPS) 2020-2025 for a Digital Nigeria, and the positioning of Nigeria as an early adopter of digital technology in the growing global digital economy, the successful and timely deployment of 5G is crucial and it is expected that the roll-out of the 5G will be carried out in phases beginning with major cities in the country, where there is need for high-quality broadband,” Danbatta said.
The Commission also made technical presentations to journalists at the workshops focusing on how the Commission is setting the stage for 5G journey, in terms of requirements, deployment, use cases, and possible challenges which it is working with relevant stakeholders to tackle for effective implementation of 5G Deployment Plan for Nigeria.
While Bako Wakil, Director, Technical Standard and Network Integrity, NCC, made the technical presentation to media stakeholders at the Kano workshop, the NCC’s Head, Fixed Network and Converged Services, Tony Ikemefuna, handled the delivery of the presentation at the Lagos workshop.
During the technical sessions in Kano and Lagos, the media stakeholders were adequately informed on 5G characteristics such as enhanced mobile broadband, ultra-reliable low latency and speed, explaining to them that 5G will facilitate several emerging technologies, including Internet of Things (IoT), Machine-to-Machine communication, among others.
The media professionals also used the opportunity to ask various questions and clarify conflicting issues bordering on security and health implications of 5G deployment.
Telecom
Unforgettable Moments and Big Wins at the TECNO SPARK 30 City Tour
TECNO SPARK 30 city tour made a memorable stop at Ikeja City Mall on November 15th, bringing with it an infectious energy that electrified the entire city.
As the event unfolded, it was clear that this was more than just a product showcase – it was an immersive experience designed to thrill and delight.
The day’s festivities kicked off with the iconic TECNO SPARK 30 transformer bus, painted in bold red and blue hues, rolling into action.
The bus served as the hub for a games grotto, where fans immersed themselves in thrilling digital games and adventures.
Outside, the excitement spilled over, with attendees engaging in friendly competitions of Jenga, Monopoly, Ludo, and chess.
These games sparked laughter, playful banter, and a sense of camaraderie among strangers.
As the games heated up, so did the rewards. Purchasers of the TECNO SPARK 30 Pro enjoyed a N20,000 discount and a chance to win up to 100% cashback by participating in the games.
The atmosphere was electric, with cheers of victory, enthusiastic applause, and celebratory high-fives.
The excitement reached a fever pitch with the arrival of tech and lifestyle creator Kagan, accompanied by Big Brother Naija Season 9 stars Victoria and Ruthee.
The trio dove into the action, competing in games and claiming victory. They were awarded TECNO-branded gift items, earning cheers and applause from the thrilled crowd.
The event was an unforgettable experience, leaving a lasting impression on all who attended.
Telecom
Sophos Report Highlights Cyber Risks During Holiday Shopping Season
During peak shopping days, this threat intensifies.
Here’s what happens: with the surge in online deals, more employees may be shopping from their work computers, feeling that Cyber Monday is a legitimate time to do so.
This increases the risk of them clicking more freely and potentially exposing the organization to malicious links or phishing attacks.
To keep your organization safe, encourage your team to follow these simple tips:
• Don’t click deals in email that look too good to be true or are from businesses you don’t have accounts from – these could be phishing emails hoping to bait you into clicking links to bogus, malicious web sites.
This season, small steps can make a big difference in protecting against cyber threats.
Telecom
MTN Nigeria Shops for N50Bn Commercial Paper to Boost Working Capital
MTN Nigeria Communications Plc has announced plans to issue up to N50bn in Series 13 and 14 Commercial Paper Notes under its N250bn Commercial Paper Issuance Programme.
This proposed issuance aligns with the company’s strategy to broaden its funding sources and strengthen its liquidity position.
The proceeds from the issuance are earmarked to support MTN Nigeria’s short-term working capital needs, enabling the company to sustain its operations and meet financial obligations effectively.
In a statement to the Nigerian Exchange Limited (NGX) and the investing public, MTN Nigeria emphasized its commitment to maintaining financial stability and operational efficiency.
According to the statement signed by Uto Ukpanah, company secretary, further details regarding the structure, pricing, and timeline of the issuance will be disclosed to the market in due course, as MTN Nigeria continues to engage with stakeholders and regulatory authorities.
MTN Nigeria recently completed its series 10 commercial paper issuance under its upsized N250bn commercial paper issuance programme.
The telecom giant said it sought to raise N72.1bn and the offer recorded 149 per cent subscription with N72.1bn issued.
The 266-day commercial paper was issued on 29 November 2023 at a yield of 16 per cent.
The CP issuance aligns with MTN Nigeria’s strategy to continue diversifying its funding sources and reducing its average cost of debt. The proceeds will be applied towards short-term working capital requirements.
Karl Toriola, chief executive officer, MTN Nigeria said. “We are pleased with the support received from the investor community, having recorded a 149 per cent subscription from a broad range of investors. This reflects NTN Nigeria’s robust financial capacity, brand strength, and market leadership amidst the upward pressure on interest rates”
Stanbic IBTC Capital Limited played the role of Arranger and Dealer with ARM Securities Limited. Chapel Hill Denham Advisory Limited, Coronations Marchant Bank Limited, FCMB Capital Markets Limited, Quantum Zenith Capital &Investments Limited, Rand Marchant Bank Limited, and Vetiva Capital Management Limited played the role of Joint Dealers on the transaction.
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