General News
LCCI Seeks NCC’s Partnership on 2022 ICTEL Expo
The Lagos Chamber of Commerce and Industry (LCCI) has sought the collaboration of the Nigerian Communications Commission (NCC) for the successful execution of the 2022 Information Communication Technology and Telecommunication (ICTEL) Expo.
This was the focus of the discussion between the two organisations, during a courtesy visit by delegates from LCCI to the Commission in Abuja recently.
Speaking during the visit, which took place at NCC’s Head Office (Annex) Mbora, Abuja, Seriki Oyediran, director, Trade Promotions, LCCI, said that the objective of the visitation was to discuss with the Management of NCC toward achieving the objectives of the 8th Edition of the ICTEL Expo focusing on: “Ensuring Efficient Digital
Infrastructure in Nigeria.”
Oyediran acknowledged that the participation of NCC at the annual trade fair in previous years has added colour, focus and clarity, and ensured the success of previous events.
He, therefore, called on the Commission to partner with the Chamber to enable it to record greater success in the ICTEL 2022 edition.
Responding, Dr. Austin Nwaulune, director, Digital Economy, who received the delegation on behalf of the Executive Vice Chairman of NCC, Prof. Umar Danbatta, applauded LCCI for its consistency in organising the annual confernce.
Nwaulune stated that the theme of this year’s conference aligns with the Commission’s focus on facilitating infrastructural development and deployment to enhance socio-economic development of Nigeria.
Demonstrating the connection between the thematic focus of the conference and NCC mandates and activities, Nwaulune explained that, through the NCC, the Federal Government has established various policies such as the Nigerian National Broadband Plan (2020-2025), which is being vigorously implemented to improve broadband infrastructure across the country.
The Director Digital Economy Department at the Commission, also recalled efforts of the Commission in ensuring that the seven Infrastructure Companies (InfraCos) already licensed by the telecom regulator accelerated their infrastructure deployment across the six geo-political zones of the country.
The Director commended the organisers for the calibre of sponsors listed for the expo and asserted that the event will be a hub for stakeholders such as Mobile Network Operators (MNOs), InfraCos and international organisations, and offer them the opportunity to glean developments in the country and to deepen their interests in promoting innovation, competition.
In his comments, Efosa Idehen, Director, Consumer Affairs Bureau, NCC, explained that the Commission has evidently adopted an open-door policy and particularly through its consumer-centric initiatives.
He also emphasised that the Commission appreciates collaboration with stakeholders whose programmes allow consumers to interact with the service providers.
“The NCC prioritises the consumers. We therefore see this forthcoming expo as another opportunity for the consumer’s voice to be heard as they interface with service providers.
“This is based on our regulatory mandate of ensuring that consumers of telecommunications services get value for their money and are treated right as critical stakeholders in the telecom ecosystem,” Idehen stated to reiterate NCC’s commitment to the promotion, protection and defence of the interests of telecom consumers.
Nigeria Immigration Service (NIS) has announced an ongoing upgrade and maintenance of its passport portal for applicants within Nigeria.
In a public notice shared on Sunday via its official ‘X’ page, the NIS reassured Nigerians that other services, including passport applications for citizens abroad, remain fully operational during the maintenance period.
The service stated that its team is “working tirelessly” to complete the upgrade and restore full functionality within 72 hours.
“We sincerely apologise for any inconvenience this may cause and deeply appreciate your patience and understanding,” the notice read. It emphasized that the upgrade is part of efforts to enhance service delivery.
Reaffirming its commitment to excellence, the NIS pledged to provide efficient services to Nigerians at home and abroad.
FBNQuest Asset Management, a subsidiary of FBN Holdings Plc., has been awarded an A+ rating by Agusto & Co. Limited. This rating reflects the firm’s stable outlook, robust risk management, and strong investment capabilities, highlighting its impressive operational performance and outstanding business profile.
It emphasizes FBNQuest Asset Management’s ongoing commitment to providing exceptional investment services to its clients.
The rating was issued in a recent report by Agusto & Co., a leading rating agency in Nigeria. This recognition underscores the company’s strong operational record, excellent corporate governance, and professional management of fund assets.
The organisation’s impressive performance demonstrates its unwavering dedication to delivering exceptional value to clients through a variety of products and services tailored to meet their investment needs.
Ike Onyia, the Managing Director of FBNQuest Asset Management, expressed his satisfaction with the rating, stating, “We are truly delighted to receive the A+ rating from Agusto & Co. This recognition is a testament to our strong expertise in investment portfolio management and the achievements we have realised over the years.
“We take pride in this positive acknowledgement, which stems from our well-thought-out business strategies and the exceptional performance of our skilled workforce, cementing our position in the hearts of our stakeholders.”
FBNQuest Asset Management was also recognised as the Best Asset Manager at the 2024 EMEA African Banker Awards. The organisation continues to maintain a consistently strong position in the investment services subsector in Nigeria, leveraging its rich pedigree in intellectual capital, strong research capabilities, and cutting-edge technology to provide clients with value-adding insights, advice, and service.
“Our mutual funds offer diverse investment options that enable the creation of unique and value-enhancing investment strategies for different client segments.
Additionally, our range of mutual funds encompasses various asset classes, including equities, bonds, and money market instruments,” he added.
Agusto & Co. is a Pan-African leader in credit ratings and credit reports, having assigned over 1,500 ratings across various sectors. Their ratings are globally recognised, with a broad client base relying on them as benchmarks to gauge business success.
TikTok has resumed services to its 170 million users in the US after President-elect Donald Trump said he would issue an executive order to give the app a reprieve when he takes office today, January 20.
On Saturday evening, January 18, the Chinese-owned app stopped working for American users, after a law banning it on national security grounds came into effect.
Trump, who had previously backed a ban on the platform, promised on Sunday to delay the implementation of the law and allow more time for a deal to be made. TikTok then said that it was in the process of “restoring service”.
Soon after, the app started working again and a popup message to its millions of users thanked Trump by name.
In a statement, the company thanked the incoming president for “providing the necessary clarity and assurance” and said it would work with Trump “on a long-term solution that keeps TikTok in the United States”.
TikTok CEO Shou Chew is expected to attend Trump’s inauguration today.
Posting on Truth Social, a social media platform he owns, Trump said on Sunday: “I’m asking companies not to let TikTok stay dark! I will issue an executive order on Monday to extend the period of time before the law’s prohibitions take effect, so that we can make a deal to protect our national security.”
TikTok’s parent company, Bytedance, previously ignored a law requiring it to sell its US operations to avoid a ban. The law was upheld by Supreme Court on Friday and went into effect on Sunday.
It is unclear what legal authority Trump will have to delay the implementation of a law that is already in effect. But it expected that his government will not enforce the ban if he issues an executive order.
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