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Telecom

QNET Reaffirms Commitment to Adhere to Ethical Practices, Local Laws & Regulations

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As part of its Global ethical practices and keen commitment to providing topnotch products to enhance lives and promote overall well-being of its host communities, QNET, a global direct-selling company that sells a wide range of health, wellness and lifestyle products and its Nigerian partner Transblue held product exhibition in Lagos, Nigeria.

QNET

Nigeria CommunicationsWeek Reports that the event was held at Transblue Limited Lagos showroom on Wednesday at Lekki.

The product exhibition was convoked to further reiterate the company’s dedication towards promoting health and wellness lifestyle around the worldwide and also to restate its commitment to adhering to local laws and regulations.

Speaking further and giving high sight on its product range, Theodocia Naana Quartey, Senior legal counsel, Sub Sahara Africa, said the company through its direct selling business model has empowered millions of people in over 100 countries, providing opportunities for enterprise development and financial independence.

According to her,” our direct selling business model has helped people transform their lives as entrepreneurs while still pursuing other aspirations and goals.

“Through our direct selling business model and e-commerce platform, we provide high quality products that benefit individuals’ well-being and lifestyle.

“Our product line is uniquely sourced and developed, meeting global quality requirements and certifications.

“It’s worth mentioning that in Nigeria, the National Agency for Food and Drugs Administration has certified some of our products.
“In July and August last year, QNET posted two significant products expos in Abuja and here in Lagos, Nigeria.

“These expos provided a platform to showcase QNET’s wide range of health and wellness products and services, deepening understanding and appreciation of QNET’s valuable and extensive contributions to the communities where we operate.

“They also emphasize the strength and support of our global network for Nigerian markets, highlighting QNET is not just a company, but a community dedicated to positive change.”

She explained that the exhibition will provide the media with more insights into QNET’s business operations and their commitment towards delivering a wide range of exceptional products that enrich lives.

Adding that they are committed to maintaining a global lifestyle and remaining as a global lifestyle wellness focused direct selling company.

Mr. Akeem Ajisafe, CEO of Transblue Limited hinted that the partnership between QNET and Transblue have made bold steps in the area of youth empowerment and other charitable causes as part of its Corporate Social Responsibility initiatives to its host communities.

“QNET has made impressive efforts to implement youth empowerment initiatives in Nigeria. One such initiative is the signature financial literacy program, FinGreen, which has equipped over 1,350 youths in local communities across Nigeria with employability and entrepreneurial skills to achieve financial independence.

“We also recently participated in a training programme for youths in Nigeria – a partnership with the Federal Ministry for Labour and Employment (FMLE). The training, held in Nigeria’s Federal Capital Territory, Abuja, brought together young individuals seeking employment opportunities to equip them with essential skills and knowledge for safe navigation of the job market.

“Also, by collaborating with government agencies like the Lagos State Consumer Protection Agency (LASCOPA) through its Say NO! Awareness Campaign mentioned earlier, QNET has expanded the reach of its awareness efforts, educating youth in Lagos on the dangers of fake job offers and human trafficking.

“All these initiatives highlight our commitment to debunking misconceptions about QNET in Nigeria, promote transparency, foster innovation among youths by empowering them through education and training.

“QNET has also taken significant steps to engage and educate its Independent Representatives (IRs). This includes organizing training sessions and expos to showcase products, which have been held in Abuja and Lagos, he added.”

QNET also unveiled its EDG3 Plus, a multi-functional beverage, made using innovative technology, that protects, nourishes and strengthens your body from within. Made from the ‘Power of 3’ ingredients: turmeric, Vitamin D3 and glutathione amino acid blend, with the application of the most precise science to achieve an immune-boosting and energy-elevating product that meets the needs of today’s hectic lifestyles.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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 Telecoms Services Resume in Kogi State as Telcos, Govt Resolve Dispute

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 Gbenga Adebayo, chairman of ALTON,
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Telecommunications services disrupted in Kogi State have resumed following a resolution of the dispute between MTN Nigeria and the state government, the Association of Licensed Telecoms Operators of Nigeria (ALTON) has said.

 Telecoms Services Resume in Kogi State as Telcos, Govt Resolve Dispute

Gbenga Adebayo, chairman of ALTON, told TVC News that the issues that led to the shutdown of telecom masts in the state, primarily affecting MTN, had been addressed, paving the way for service restoration.

TVC News earlier reported that businessmen and women were counting their losses as they suffered the impact of a shut down of telecommunication service in Kogi State

Over the past two weeks, telecoms connectivity had been erratic, with competing brands experiencing glitches, particularly in the Lokoja metropolis.

The State government suspended the operations of some telecom services citing unpaid taxes and fibre-related dues.

The shutdown stemmed from a compliance dispute between MTN and the Kogi State Utility Infrastructure Management and Compliance Agency, which accused the telecom giant of violating operational rules and under-declaring the extent of its optic fibre network coverage in the state.

 


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Banks Settle ₦160Bn USSD Debt to Telcos, Ending Five-Year Dispute

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The protracted Unstructured Supplementary Service Data (USSD) debt misunderstanding between the Deposit Money Banks (DMBs) and telecommunications operators appears to have been resolved.

This was confirmed by the Chief Executive Officer of MTN Nigeria, Karl Toriola, Thursday, March 1, when he appeared on Arise TV to speak on the firm’s first-quarter 2025 result, where the telecommunications company reported over N1 trillion in revenue earnings.

Recall that the USSD debt had been a major issue between the DMBs and telcos and had lasted for about five years.

In the third quarter of 2024, the telcos had threatened to withdraw their service over the lingering debt, which was around N200 billion at the time. This led to the swift intervention of the Central Bank of Nigeria and the Nigerian Communications Commission (NCC), and an agreement was reached on payment.

As of November 2024, the NCC put the debt at N160 billion. However, earlier this year, when it appeared the banks were not forthcoming with payments, the NCC directed the telcos to withdraw the USSD services from debt-owning DMBs, where about 18 banks were listed.

This directive prompted the banks to look inward and start to comply with an earlier circular signed by the CBN and NCC, which articulated the payment patterns for the debt.

Speaking, on Arise TV this morning, May 1, Toriola confirmed that the matter has been fully resolved and that banks have made payments.

“I can confirm that the matter has been fully resolved. We have received payments in full. Special thanks to the CBN, NCC, the banks, and other stakeholders that intervened in the matter,” the MTN CEO stated.


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Sterling Bank Introduces AlwaysOn, Offering Nigerians Up to ₦1 Million Monthly

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Sterling Bank, Leading commercial bank and Africa’s most agile company has announced the introduction of AlwaysOn by Sterling, a bold new feature on its OneBank platform that will give eligible customers up to ₦1 million extra every month -even when their account balances are running low.

Launched on Workers’ Day 2025, the initiative is part of an ongoing movement to remove structural barriers to financial freedom and empower everyday Nigerians to move boldly, even in uncertain times.

AlwaysOn is a specialised, invitation-only feature for customers who maintain an active OneBank account for a while. It provides an advance to settle bills or make payments without delays, or any of the friction associated with traditional credit systems.

“This is not just about funds,” said Abubakar Suleiman, Chief Executive Officer of Sterling Bank. “It’s about freedom and dignity. It’s about backing our customers with the trust and tools to act boldly when life demands it.”

Suleiman emphasised that the new feature is not a product, it’s a logical shift in how the bank supports its customers.

“We’re building a financial ecosystem designed for momentum -for people with grit, urgency, and dreams too big to wait. If you’ve banked with us, you’ve earned our confidence. Now you’ll have our backing to match,” added Suleiman.

The introduction of AlwaysOn marks the next chapter in Sterling’s growing movement to create a fairer and more responsive financial system. It follows the Zero Transfer Fees initiative in April, which returned an estimated ₦13 billion to Nigerians by eliminating transfer charges across the OneBank platform. It also builds on Sterling’s Free Bus Ride initiative, which helped commuters get home from work for free during a time of intense economic pressure.

Together, these efforts reflect the bank’s bold, people-first approach to customer impact, now made possible by its adoption of SeaBaas, Nigeria’s first indigenous core banking platform.

“We’re not the kind of bank that stands on the sidelines while Nigerians hustle,” said Obinna Ukachukwu, Growth Executive for Retail and Consumer Banking. “We removed the fees that slowed them down. Now we’re giving Nigerians the financial freedom to seize opportunity when it shows up. We’re on the pitch with them.”

Sterling’s actions have sparked widespread public support and national recognition as they have continued to push the boundaries of what corporate citizenship can mean to everyday Nigerians.

Notable icons from various fields have canvassed their support and praised the bank’s stance in redefining financial services, inspiring other institutions to follow suit.

Nigerians are encouraged to apply to join the waitlist for the scheme when it goes live in later this month and ultimately, eligibility for up to N1M extra in relief advances.


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