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NCC, FRC to Enforce Corporate Governance Compliance in Telecom Sector

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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

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Telecom

Glo Gains 78% of New Data Subscription in GSM Sector in March – NCC Report

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Nigeria’s second largest telecommunications operator, Globacom, garnered 78 percent of new data subscriptions in the month of March, 2019. The operator gained nearly one million new subscribers in the month.

This was disclosed in the latest statistics released by the Nigerian Communications Commission (NCC) for the month of March 2019. According to the statistics, Globacom gained 950,115 new internet users, taking its total internet subscriptions to 28,436,386 from 27,486,271 recorded in February, 2019.

Two other operators, MTN and Airtel, also featured marginally on the gainers’ list in March. Airtel added 351,657 new internet users, while MTN added 13,552 subscribers. 9mobile, on its part, lost 166,542 users in the month under review.

Overall internet users in Nigeria increased to 115,938,225 in March from 114,725,357 recorded in February, according to the NCC statistics. This indicates an increase of 1,212,868 new subscribers in one month.

Globacom has been on ascendancy in terms of acquisition of new internet subscribers in the last one year ostensibly due to the consistent improvement in the operator’s data services.

The company has the widest 4G LTE coverage in the country, and the technology ensures more reliable and faster internet usage experience. Globacom also has the most attractive data plans in the market, with packages that appeal to both high and low data users.

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Streaming Global, DataGo Solutions Ink Deal to Accelerate OTT/VOD Streaming Market in Africa

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L-R: Gbenga George, Co-founder, DataGo Solutions and Richard Oesterreicher, CEO, Streaming Global, exchanging handshake after the signing ceremony
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Marking its first step towards an international market, Streaming Global has joined forces with DataGo Solutions as its first exclusive reseller for an overseas territory.

 

The deal covers the entire continent of Africa where, according to the forecast performed by Digital TV Research, the OTT market value will exceed $1 Billion by 2024.

 

This partnership drives Streaming Global’s continued mission to enable the reliable, scalable, and cost-effective delivery of live, OTT, and VOD video streaming services over the Internet.

 

Richard Oesterreicher, CEO, Streaming Global, said “We are overjoyed to have DataGo Solutions as Streaming Global’s exclusive reseller for this emerging market.

 

“The growing infrastructure there fits well with Streaming Global’s reliable and simple streaming delivery pipeline.”

 

DataGo Solutions founders, Gbenga George and Nicholas Horton, have extensive backgrounds and knowledge in the emerging African OTT/VOD market.

 

Horton is a technology leader with over 14 years of industry experience, driving business growth and market penetration both in the US and abroad.

 

George is a technology investor and lawyer with over 18 years of industry experience in various disciplines including intellectual property, contract negotiation, and market adoption.

 

“We view this technology as a true innovation in OTT/VOD and live streaming content that will become the new standard for the next decade.

 

“We couldn’t be happier to have the opportunity to take this technology to market for the continent of Africa and redefine the streaming industry,” said George.

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Arik Air takes deliver of another aircraft from maintenance

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Arik Air, Nigeria’s leading airline on Thursday welcomed another aircraft fresh from maintenance overseas.

The arrival of the aircraft, a Boeing 737-800 Next Generation (NG) is coming eight days after a Boeing 737-700NG returned to service from C-check on Wednesday, May 15, 2019.

 

The Boeing 737-800 NG aircraft is a stretched version of the 737-700 aircraft.

 

Captain Roy Ilegbodu, Chief Executive Officer, Arik Air, reiterated the airline’s mission which is “To become a dominant air-services brand, globally admired for its world-leading operating, safety and service delivery standards, as well as its role in promoting Nigeria’s reputation at home and abroad”.

 

Captain Ilegbodu once again thanked customers for their loyalty and trust in Arik Air.

 

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