30 results
- 25 Feb 2021
IFC Invests in Liquid Telecom Bond to Support Broadband Connectivity in Africa
IFC, a member of the World Bank Group, invested in Thursday's bond issued by a subsidiary of Liquid Telecommunications Holdings Ltd., which will allow the telecoms and technology solutions company to…
- 12 Jul 2013
FG Appoints Olutola Senbore and Co to Liquidate Nitel, Mtel
Federal government has appointed Olutola Senbore and Co., a consultant liquidator of Nigeria Telecommunications Limited (Nitel) and M-TEL, its mobile subsidiary after several attempts to privatize…
- 4 Oct 2013
Reps Want Bailout for Moribund NITEL, MTEL
House of Representatives yesterday passed a resolution recommending a bail out for the Nigeria Telecommunications Limited (NITEL) and the Mobile Telecommunications Company (MTel) by the Central…
- 2 Mar 2021
Liquid Telecom Redundant Subsea Network Unaffected by Red Sea Cable Outages
Liquid Telecom, a leading pan-African telecommunications group, ensured continuity of service to its customers during the recent outages of the SEA-ME-WE 5 and EIG submarine cables. Liquid Telecom…
- 5 Aug 2014
FG Okays Two Firms for Liquidation NITEL, MTEL
The National Council on Privatisation yesterday approved two firms for the guided liquidation of the Nigeria Telecommunication Limited (NITEL) and its mobile arm, MTEL. The two firms, NATCOM…
- 15 Mar 2021
Liquid Telecom Rebrands as Liquid Intelligent Technologies, Expands to a Consolidated Technology Group
Liquid Intelligent Technologies, a pan-African technology group, yesterday announced the culmination of its extensive business transformation from being a telecommunications and digital services…
- 13 Apr 2015
NATCOM Consortium Pays Outstanding N29.6Bn for NITEL, MTel
NATCOM Consortium, the preferred bidder of Nigerian Telecommunications Limited (NITEL) and its mobile arm (MTEL), has paid $176,575,700 (N29,696,469,600) being the outstanding 70 per cent of…
- 2 Feb 2014
FG to Make Another Attempt to Wind-Down NITEL
The federal government is to restart attempt to wind down Nigerian Telecommunications Limited (NITEL)., the moribund national carrier and MTEL, it mobile subsidiary, after a court blocked its…
- 23 May 2013
Senate Says FG, Customers Owe Nitel N601Bn
Senate Committee on Privatisation and Commercialisation has put the debt being owed the troubled Nigerian Telecommunications Limited (Nitel) by the federal government and its agencies at N250…
- 26 Mar 2014
FG to Raise N746Bn from Sale of NITEL, Others
Federal government is eyeing a whopping N746.6billion privatisation proceeds this year, according to the Bureau of Public Enterprises (BPE). Benjamin Dikki, director-general, BPE, said that his…
- 29 Mar 2022
Liquid Lands Capacity of Subsea Cable Equiano in Nigeria, South Africa
Liquid Intelligent Technologies, a pan-African technology group, has announced it has acquired a fibre pair on the Equiano subsea cable, allowing Liquid to transport traffic up to 12 Terabits,…
- 29 Jun 2016
Liquid Telecom & RBH Agree to Acquire Neotel
On Tuesday, Liquid Telecom, a privately owned Pan-African telecoms group majority owned by Econet Global, announced that it has entered into an agreement to acquire South African communications…
- 10 Jun 2014
FG Seeks Buyers for NITEL Assets
Federal government is reportedly seeking buyers for the assets of Nigerian Telecommunications Limited (NITEL), the distressed former telecoms monopoly, the state-appointed liquidator said on Monday.…
- 30 Apr 2025
MTN Nigeria Invests N202.4Bn in Q1 2025 to Enhance Network Capacity
MTN Nigeria Communications Plc has invested N202.4 billion in capital expenditure (Capex) in the first quarter of 2025, marking a 159 per cent increase compared to the same period last year. The…
- 6 Aug 2026
Liquid Intelligent Uses Light Beam Technology to Bridge Lagos Fibre Gaps
Liquid Intelligent Technologies is using light-beam technology developed by Google spinout Taara to supply data centres and large enterprise networks in Lagos, addressing the high costs and delays of…
- 4 Mar 2018
NITRA Hosts Ernest Akinlola, ntel CEO @ Breakfast Meeting
The Nigeria Information Technology Reporters’ Association (NITRA) under the supervision of Nigeria Union of Journalists (NUJ), will on Friday March 9, 2018, play host to Mr. Ernest Akinlola, Chief…
- 4 Dec 2015
Reps Urge FG to Revoke Sale of NITEL/MTEL
House of Representatives, yesterday, resolved to conduct an investigation into the sale of Nigerian Telecommunications (NITEL), and Mobile Telecommunications (MTEL), by the Bureau of Public…
- 14 Dec 2009
Nitel to Borrow N3Bn from Pension to Pay Salary Arrears
The National Council on Privatisation has approved that N3 billion be borrowed from the accounts of Nitel Pension Fund in Liquidation to pay five months salary of workers of the Nigeria…
- 17 Jul 2012
TPS Launches ePayment Systems in Nigeria
Transaction Payment Solutions (TPS) has officially announced the opening its electronic payment solutions in Nigeria including Point of Sale (PoS) terminals, repairs and warranty for terminals,…
- 21 Apr 2021
Airtel Secures $500m Loan to Repay €750m Bond
Airtel Africa Plc has secured a new $500 million loan with a group of relationship banks to partially refinance its €750 million bonds maturing on May 20, 2021. The banks are Bank of America, BNP…
- 9 Feb 2013
Firm Threatens to Destroy MTN Facilities over Debts
MTN Nigeria is facing the threat of demolition of its installations in the Niger Delta region because of alleged debt to one of its major contractors, Procomtel. The threat comes from Gbaruka…
- 12 Mar 2016
Reps Okay Sale of NITEL/MTEL to NATCOM
The House of Representatives yesterday approved the sale of Nigerian Telecommunications Ltd (NITEL) and its mobile arm, MTEL, to the NATCOM Consortium. The approval was given after the House adopted…
- 23 Dec 2014
BPE Puts NITEL’s Liabilities at N300Bn
Bureau of Public Enterprises (BPE) has put the debt liabilities of the Nigerian Telecommunications Limited and its mobile subsidiary, the Nigerian Mobile Telecommunications Limited, at over…
- 6 Aug 2020
MTN to Exit Middle East, Intensify Focus on Africa
The MTN Group expects to sustain its growth in the medium term, despite the continued impact of COVID-19 on global markets, as it readies an exit strategy for the Middle East and affirms focus on…
- 15 Nov 2016
NITEL Was Evil; I’m Glad it Died – El-Rufai
Nasir El-Rufai, governor of Kaduna State has told of how some top Nigerian officials and a cabal within the former Nigerian Telecommunications Limited (NITEL) never wanted the liberalisation of the…
- 2 Mar 2023
Liquid Intelligent, Microsoft Partner to Bring Connectivity to 20M Underserved in Africa
Liquid Intelligent Technologies, a business of Cassava Technologies, announced a new collaboration to deliver internet access to 20 million underserved people in Africa by the end of 2025, with…
- 4 Dec 2012
Starcomms Seeks Shareholders Nod for Capcom’s Lifeline
Starcomms Plc is seeking its shareholders’ approval to allow the injection of the much needed capital; technology; and expertise from Capcom Limited to rejig the troubled operator. The shareholders…
- 8 Jun 2009
Revocation of SSPA: Death Call for Nitel
The federal government through announced last week the revocation of Shares Sales Purchase Agreement (SSPA) it entered with Transnational Corporation of Nigeria (Transcorp) and subsequently…
- 14 Oct 2020
Econet Launches Pan-African Wi-Fi Marketplace
Econet, through its subsidiaries Liquid Telecom Group (LTG) and Cassava Fintech International (CFI) has launched a network of #SasaiWiFiFinder hotspots in Kenya, Uganda, Zambia and Rwanda, to provide…
- 5 Mar 2014
CBN Set to Liquidate 83 Micro Finance Banks
Alhaji Umaru Ibrahim, managing director of the Nigeria Deposit Insurance Corporation, said yesterday that the Central Bank of Nigeria has approved the liquidation of 83 licensed micro finance banks.…