Telecom
NCC, FRC to Enforce Corporate Governance Compliance in Telecom Sector

Nigerian Communications Commission (NCC) and the Financial Reporting Council of Nigeria (FRC) have agreed to enforce compliance by players in the Nigerian telecommunication sector to the national and sectoral corporate codes of governance in the country.
Speaking during a courtesy visit by the management and board of FRC to the commission in Abuja, Mr. Sunday Dare, executive commissioner, Stakeholder Management, NCC, who received the FRC team on behalf Prof. Umar Garba Danbatta, executive vice chairman of the commission, said the commission was ready to provide full support and collaboration by working together to entrench the best corporate governance practices in all sectors of the Nigerian economy.
Mr. Dare said the NCC believed that sound corporate governance was a sine qua non for meaningful growth and economic development, particularly for an industry as dynamic and complicated as telecom, stressing that this was why the NCC issued the Code of Corporate Governance for the telecom industry in 2014 and made it mandatory for its larger licenses in 2016.
He noted that the FRC also launched the Nigerian Code of Corporate Governance in 2018 to achieve broadly the same objectives as the NCC Code on an economy-wide basis. The FRC Code, however, takes effect from January 2020.
Dare explained that while the two codes had the same primary objective of enhancing corporate performance through adherence to best practice principles, it was natural that there would be areas of divergence, which he said the commission and FRC could work harmoniously together to address for the overall benefit of the country.
“It is our understanding that the National Code will exist simultaneously with sectoral codes such as the NCC Code, which will now be described as ‘Guidelines’; where conflicts exist between the two codes, the stricter provisions will apply; and the National Code for FRC gives flexibility for sector regulators such as the NCC to adapt Governance Principles to suit the peculiar needs of the sector,” he said.
Dare further explained that regulatory certainty and predictability were very critical for the telecom industry and therefore required continuous and harmonious engagements between the two organisations to address grey areas.
He also informed the FRC delegation that since the compliance with the NCC Code became mandatory; the level of corporate governance compliance among affected telecom licensees had also increased.
In his comments, Mr. Daniel Asapokhai, FRC executive secretary and chief executive officer, who led his delegation to the commission, commended the NCC for its sectoral code initiative, stressing that increased engagement of the businesses and licensees affected by such co
Telecom
4 Dead, 20 Others Injured as Fire Engulfs Cairo Data Centre

Four people have been killed, with over 20 injured after a fire at Cairo data centre disrupted telecom services nationwide.
A fire at a major Telecom Egypt facility in Cairo on Monday has left four workers dead and at least 22 others injured, plunging parts of the capital into a communications crisis.
According to Hossam Abdel Ghaffar, spokesperson for Egypt’s Health Ministry, most injuries were due to smoke inhalation.
The blaze, which broke out at a key data centre operated by Telecom Egypt, the country’s primary fixed-line and internet provider, was brought under control later that day.
However, it caused widespread disruptions, halting phone services, affecting internet connectivity, and even interfering with digital banking operations.
Internet monitoring group NetBlocks reported that national connectivity dropped to just 62% of normal levels following the incident.
Residents across Cairo struggled with poor network access, and banks—although already closed for the day—reported interruptions in ATM services and online transactions.
In a statement on Tuesday, Telecom Egypt mourned the loss of its employees and pledged support to their families.
Amr Talaat, Egypt’s minister of Communications and Information Technology, assured the public that service restoration was underway and expected to be completed within 24 hours.
To address the disruption, the Health Ministry released alternative emergency contact numbers across Egypt’s governorates, in case its primary ambulance hotline remained unreachable.
The state-run MENA news agency reported that the fire was prevented from engulfing the entire building and nearby rooftops, thanks to the efforts of emergency responders.
A preliminary investigation suggests the fire was likely triggered by an electrical short circuit, according to a security source cited by MENA.
As the nation works to restore full connectivity, the incident has raised fresh concerns about the vulnerability of critical infrastructure and the need for enhanced fire safety protocols in sensitive tech facilities.
Telecom
Globalcom Thrills Subscribers with 3 New Digital Products

Tech faints, Globalcom, on Tuesday unveiled three exciting digital products aimed at rewarding customers. The products, Animation World Promo, Treasure Spin and Sport Brain, also provide subscribers with the opportunity to play and win instant prizes.
Globalcom in a statement in Lagos said that the company is dedicated to providing value-added service to its ever-growing customers.
The first digital product, which is Animation World Promo, is an innovative trivia-based service aimed at challenging customers culinary knowledge of Nigerian food. With it, subscribers engage in answering food related questions, earn points and win delicious prizes.
For Treasure Spin, customers are availed the digital treasure spin experience. With each spin Glo subscribers stand a chance to win instant prizes, making every participation exciting and rewarding.
In addition, Globalcom captures the heart of football lovers with Sport Brain. Subscribers are allowed to predict football scores in matches across top leagues all around the world. Customers get to select their preferred leagues. “It’s a fun and competitive way for football lovers to test their instincts and knowledge,” the company noted.
Customers who subscribe to any of the three services stand a chance to win fantastic daily, weekly, and monthly prizes. Every day, 20 participants will receive ₦1,000 cash, ₦1,000 airtime, and 3.5GB data. On a weekly basis, five lucky winners will walk away with ₦100,000 each, while one grand prize winner will receive ₦1 million every month.
To participate, customers are required to dial *13055*2# for Animation World Promo,*13199*3# for Treasure Spin and *13199*2# for Sport Brain. Each plan can be activated either as a one-time purchase or Auto Renewal.
Globacom further explained that all products are available at an affordable subscription rate of ₦100 for a daily plan, ₦300 for weekly plan and ₦500 for monthly plan.
In concluding, the company disclosed that the services are available to all Glo prepaid and postpaid subscribers nationwide.
Telecom
SiBAN Applauds Interstellar’s Groundbreaking Role in Africa’s Blockchain Future

The Stakeholders in Blockchain Technology Association of Nigeria (SiBAN) has lauded Interstellar, one of its prominent members, for spearheading a major breakthrough in Africa’s financial technology space.
This follows Interstellar’s strategic partnership with the Pan-African Payment and Settlement System (PAPSS) to roll out the PAPSS African Currency Marketplace (PACM), a blockchain-based platform designed to address the continent’s long-standing currency inconvertibility challenge.
The initiative is already being hailed as a game-changer capable of eliminating the $5 billion annual trade friction currently plaguing intra-African commerce.
According to SiBAN President, Mr Obinna Iwuno, the development affirms Nigeria’s leadership in blockchain innovation, stating that Interstellar’s PACM is not only a technological feat but also a timely response to the African Continental Free Trade Area (AfCFTA) mandate of seamless and cost-effective regional trade.
PACM operates on STARGATE, a blockchain-agnostic system developed by Interstellar, and leverages the Bantu blockchain network to facilitate real-time, peer-to-peer exchanges of African currencies.
The solution ensures financial inclusion by allowing businesses, SMEs, and informal traders to transact in local currencies without relying on foreign intermediaries, all while maintaining regulatory compliance.
Mr Ernest Mbenkum, CEO of Interstellar, described the solution as Africa’s roadmap to financial sovereignty. “Blockchain is not just innovation; it is empowerment,” he said.
SiBAN reaffirmed its commitment to supporting policies and partnerships that promote secure, transparent, and inclusive digital economies.
The association further called on stakeholders in government and the private sector to prioritise blockchain adoption as a driver of national development.
- Telecom2 days ago
Y’ello Care’s 21-Day Campaign Bridges Digital Divide for Thousands Nationwide
- General News2 days ago
Enugu Air Commences Operations Today
- E-Business2 days ago
Galaxy Backbone, Rural Electrification Agency Commit to Deepening Digital and Energy Access Across Nigeria
- Broadcasting2 days ago
NDPC Slaps Multichoice with ₦766M Fine for Data Privacy Violations
- News2 days ago
Lagos-Calabar Highway Gets $100M Push from ECOWAS to Drive Regional Growth
- Telecom2 days ago
20 Years of Digital Leadership: Layer3’s Legacy and the Road Ahead
- News2 days ago
NBS May Release Rebased Figures for Nigerian Economy July 11
- Telecom1 day ago
NCC Wins Global ICT Award for Digital Awareness in Schools