Telecom
Lagos State Lauds MTN over Y’ello Doctor Initiative
One of the six Y’ello Doctor Mobile clinics will provide health care services to communities in Lagos state.
This is following the handover of the vehicle by MTN Foundation to the Lagos State Government at the state ministry of health.
The handover ceremony had in attendance several executives from the State Ministry of Health including the Hon. Commissioner for Health Lagos State, Prof. Akin Abayomi, Permanent Secretary, Lagos State Ministry of Health, Dr. Olusegun Ogboye and Permanent Secretary, State Primary Health Care Board, Dr. Ibrahim Akinwunmi Mustafa.
The Y’ello Doctor intervention, an initiative of the MTN Foundation, in partnership with the Lagos State Ministry of Health, is set to provide free access to primary healthcare services for rural and semi-urban communities in Lagos State.
Recall that in the last two years, the Lagos state government has commissioned a number of Mother and Child Centres and Primary Health Centres at Eti-Osa, Igando, Badagry, Epe, Amuwo Odofin, and Ifelodun LCDA’s, as part of its vision to reduce the burden of diseases to the barest minimum and enhance the quality of life.
Speaking on MTN’s Y’ello Doctor Initiative, Hon. Commissioner for Health Lagos State, Prof. Akin Abayomi, commended the efforts of the MTN Foundation.
He stated “We are grateful to the MTN Foundation for this initiative, and their collaboration with the Market doctors, as this will help strengthen our primary healthcare platform”
Speaking on the Initiative, Director MTN Foundation, Dennis Okoro stated that the Y’ello Doctor project is one of the ways MTN Nigeria is supporting the Government’s efforts in health care and improving health services for Nigerians.
He said, “The foundation is focused on communities, and that is the one way we feel we can assist the government in their assignment. We come in where we feel we should render assistance”
The Y’ello Doctor initiative since 2014, has impacted over 700,000 lives and over 500 communities across Nigeria with free medical services, and the third phase of the initiative is targeted at six states: Anambra, Gombe, Kano, Kwara, Lagos, and Rivers states.
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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