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Swift Networks Oils Machine for 4G WiMax Broadband Service

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Swift Networks Limited, a leading provider of wireless broadband services to business and residential users, today announced the commencement of rigorous tests of its 4G WiMax broadband network and backend systems in Lagos.

These tests will be conducted with 500 participants from different parts of the city, selected for their very heavy usage and dependence on broadband internet for their business and lifestyle.

The aim of these trials is to demonstrate the ultrafast 4G Broadband download speeds significantly faster than what is offered by any other operator in Nigeria. These participants will also test Swift’s multiple services (internet, telephony, fax and video) and the new and revolutionary multiple user modem that creates a WiFi cloud for every User’s office or home without the need of an external router. Some of Swift Networks’s 18 bank customers are participating in the test-drive as their branches are being interconnected in “Virtual Links” running on Swift’s Multiprotocol Label Switching (MPLS) mechanism on the new 4G WiMax core infrastructure.

Chuma Okoye, chief operating officer, Swift Networks said that “we have incorporated the results of various market research we have conducted in designing our new 4G WiMAX network. On completion, it will be ten times bigger than our current network and we will continue the expansion in tandem with the demand for our services to sustain the speed advantage our brand seeks to bring to the market. We have also commissioned a new and more robust multi-service billing platform that will ensure that our customers are billed accurately and timely. This upgrade is specifically for speed but has incorporated other very important elements required for a totally improved customer experience”. 

 “The tests will not only stress Swift Networks’s new billing, customer Relationship Management and Accounting Systems Accuracy and User Friendliness, but will also showcase the unique advantages of Swift Networks ‘s New revolutionary multiple service and multiple simultaneous user wireless modem, while highlighting the benefits of improved international bandwidth availability in Nigeria to Business and Residential users” explained Okoye.

Philip Sonibare, AGM, Consumer Sales and Marketing of Swift Networks noted that lack of broadband speed internet access remains the number one pain for internet customers in Nigeria. “We believe that we have cracked this problem with our new 4G WiMAX broadband service which will provide our customers with a very fast, reliable and affordable Internet service that works where and when they want. 83% of our current test participants already see a service that is faster than anything else they have experienced so far. And this is before the final network optimization that will be undertaken before we go live and commercial. Accordingly, services like Youtube, Skype video calling and similar services have a network built specifically for them” he said.

Swift Networks is building the most dense wireless broadband access network infrastructure (based on the WIMAX 802.16e protocol) to bring the benefits of improved international backbone bandwidth capacity to Nigerian businesses and homes. Availability of sufficient last mile connectivity is now the bottleneck in the Nigerian broadband value chain and responsible for the current slow connection speeds and high subscription rates experienced in Nigeria. Swift Networks is already connected to MainOne, Glo 1 and SAT-3 for bandwidth capacity availability and redundancy purposes.


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Corruption: ICPC Threatens Sanctions as 330 MDAs Fail Financial, Governance Tests

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Independent Corrupt Practices and Other Related Offenses Commission (ICPC), has revealed that none of the Ministries, Departments, and Agencies (MDAs), in the country complied fully with ethical standards, policies, and anti-corruption measures in the passing year.

Corruption: ICPC Threatens Sanctions as 330 MDAs Fail Financial, Governance Tests

This was following the findings from the Commission’s Ethics and Integrity Compliance Scorecard (EICS) for the MDAs.

The Commission warned that henceforth, non-compliant MDAs will face necessary actions, including enforcement, to ensure adherence to government directives.

According to the EICS scorecard released on Thursday in Abuja by Demola Bakare, ICPC spokesperson, no MDA out of 330 MDAs that were assessed through physical deployment by ICPC teams achieved full compliance.

The EICS serves as a preventive tool used to assess and enhance the compliance of MDAs with ethical standards, policies, and anti-corruption measures.

Findings from the report indicated that no MDA achieved full compliance, while 29.55 per cent of MDAs captured attained substantial compliance, and 51.62 per cent had partial compliance.

The report also observed that 15.91 per cent showed poor compliance, while 292 per cent were non-compliant.

According to the report, common gaps included a lack of whistle-blower policies, strategic plans, and effective stock verification units, adding that many MDAs failed to conduct any forms of system studies or render financial and audit reports.

Commenting on the report, Bakare noted: “This year, 2024, the tool covered 323 responsive MDAs, with 15 MDAs non-responsive and categorised as high corruption risk.

“It is imperative to inform you that this initiative has yielded some positive and value-driven impacts, and these are, but not limited to, increased awareness and compliance with anti-corruption measures, enhanced competition among MDAs to meet criteria, and improved procurement processes and data reliability.

“The Commission recognises the MDAs with substantial compliance and will continue deploying these tools to promote integrity and accountability.

“Non-compliant MDAs will face necessary actions, including enforcement, to ensure adherence to government directives. We are certain that these efforts will continue to underline ICPC’s dedication to enhancing good governance and preventing corruption.”


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Dangote Refinery Denies Liquidity Challenges, Dismisses NNPCL’s $1Bn Loan Claim

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Dangote Petroleum Refinery and Petrochemicals (DPRP) has dismissed claims that the Nigerian National Petroleum Company Limited (NNPCL) used a $1 billion loan secured through a crude forward sale agreement to support the refinery during a liquidity crisis.

Dangote Refinery Denies Liquidity Challenges, Dismisses NNPCL’s $1Bn Loan Claim

In a statement on Wednesday, Anthony Chiejina, company’s chief branding and communications officer, said the NNPCL’s stance was a distortion of the facts.

“We would like to clarify that this is a misrepresentation of the situation as $1bn is just about 5% of the investment that went into building the Dangote Refinery,” Chiejina said.

Chiejina stated that the refinery’s decision to enter into a partnership with the NNPCL was based on the recognition of “their strategic position in the industry as the largest offtaker of Nigerian crude” and at the time, the sole supplier of petrol into Nigeria.

“We agreed on the sale of a 20% stake at a value of $2.76 billion. Of this, we agreed that they will only pay $1 billion while the balance will be recovered over a period of 5 years through deductions on crude oil that they supply to us and from dividends due to them,” Chiejina said.

“If we were struggling with liquidity challenges we wouldn’t have given them such generous payment terms. As at 2021 when the agreement was signed, the refinery was at the pre-commission stage.”

According to the statement, the agreement would have been cash-based rather than credit-driven if the refinery struggled with liquidity issues.

The refinery’s spokesman said the NNPCL was subsequently unable to supply the agreed 300,000 barrels a day of crude (bpd).

He stated that the shortfall was because the NNPPC “had committed a greater part of their crude cargoes to financiers with the expectation of higher production which they were unable to achieve”.

“We subsequently gave them a 12-month period for them to pay cash for the balance of their equity given their inability to supply the agreed crude oil volume,” he said.

“NNPCL failed to meet this deadline which expired on June 30th 2024. As a result, their equity share was revised down to 7.24%. These events have been widely reported by both parties,” he said.


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9mobile Addresses Recent Service Outages, Apologizes for Inconvenience

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9mobile has apologized for the recent service outages experienced by its valued customers which has affected their ability to provide voice, data, internet services. “We understand the frustration these disruptions have caused and deeply regret the inconvenience.

“Our technical team has identified the root causes of the outages including a fire incident at our Main Data Centre in Lagos last night which severely impacted services especially in the Lagos and South-West.  We are grateful for the swift intervention of the Lagos State Fire Service, which helped prevent further damage.

“Prior to the fire incident, our network experienced major fibre interruptions leading to varying degrees of outages. We had a fibre cut on the backbone links in Lagos which led to a total data outage across the country.

“This was followed closely by two vandalism incidents in Lagos and Abuja, leading to total service outage in South-West and data service outage in the North.  Services have now been fully restored in the North & South-South States while restorations work is ongoing in others. We expect to fully restore services as soon as possible”

At 9mobile, customer satisfaction is remains top priority. “We value the trust you place in us and appreciate your patience and understanding during this challenging time. Customers who continue to experience issues can reach out to our customer service team via our social media touchpoints or our experience centres”.

Once again, we sincerely apologize for the disruption and thank you for your continued support.


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