25 results
- 12 Jan 2009
Visafone Shops for N30Bn by Private Placement
Visafone Communications Ltd promoted by Jim Ovia, famous banker, has commenced a private placement in order to raise N30 billion, Nigeria CommunicationsWeek investigations can now reveal. The…
- 11 Oct 2021
NCC Sets Reserve Price for 5G Spectrum Auction @ $197.4m
Nigerian Communications Commission (NCC) has set the reserve price for sale of Fifth Generation (5G) auction at $197.4 million for mobile network operators (MNOs). According the 5G auction draft…
- 22 Nov 2021
NCC to Release Final IM for 5G Auction as Applications Ends Tomorrow
Nigerian Communications Commission (NCC) has released the final Information Memorandum (IM) for the planned auction of the 5G spectrum licence auction scheduled for December 13, 2021. The commission…
- 22 Sept 2008
$550m Deal: NCC Threatens Sudatel over Intercellular
Nigerian Communications Commission (NCC) is to wield the big stick on Sudatel, telecommunications and Internet service provider in Sudan, which bought 70 per cent of Intercellular Nigeria Limited for…
- 20 Jan 2014
FG Hikes Broadband Spectrum Auction to N4Bn
The federal government is now asking for N3.97 billion, against the earlier price of N3.6 billion as auction fee for the 2.3GHz broadband spectrum, media reports claimed last night. Consequently, the…
- 8 Mar 2010
That Unhealthy Development in Nitels’ Privatization Process
Few weeks ago the process of finding a new investor for Nigerian Telecommunications Limited entered concluding stage with the emergence of New Generation Telecommunications Consortium as the…
- 13 Apr 2015
Reports Link Vodacom, MTN in Race to Acquire Visafone
Different reports at the weekend indicated that Vodacom Group Limited (Vodacom) and MTN Group are quietly competing in the race acquire Visafone, the only surviving Code Division Multiple Access…
- 6 Oct 2025
ntel Gets Fresh Capital Injection for 2026 Relaunch
cntel has secured another round of undisclosed funding set to return the company to commercial operations by early 2026. Soji Maurice-Diya, The funding, arranged by the Asset Management Corporation…
- 8 Feb 2016
Etisalat Fights MTN in Court over Visafone Acquisition
Etisalat Nigeria has brought a legal action against MTN Nigeria and Visafone Ltd., challenging MTN’s use of the 800MHZ spectrum following the acquisition of Visafone. Etisalat said the court action…
- 18 May 2015
Intercellular Plans Comeback as Telto Group Acquires Stake
Telto Group, a Middle East investment conglomerate has secured 70 percent stake in Intercellular, the foremost Code Division Multiple Access (CDMA) operator in the country and hope to positively turn…
- 13 Nov 2008
Banks Inject Funds to Jump-start Intercellular
Intercellular Nigeria Limited has got a lifeline facility brokered by a consortium of banks including UBA Plc, Nigeria’s financial powerhouse to jump-start operations of the telecom company.…
- 18 Jul 2021
NCC Denies Renewing Airtel’s Operating License
Nigerian Communications Commission (NCC), has denied that it has renewed Airtel’s operating license for another period of 10 years. The regulator said though the telco has applied for renewal of its…
- 12 Mar 2016
NCC Eyes N44Bn from 2.6 GHz Auction
Federal government is projecting at least N44 billion ($224 million) from the planned auction of 14 lots in the 2.6Gigahertz spectrum band licencing to telecommunication operating companies from May…
- 14 Apr 2009
Convergence Redefines Service Delivery in Telecoms
At the expiration of exclusivity license granted to pioneer operators of Global System for Mobile communications (GSM) in the nation’s telecommunications industry in 2006, Nigerian…
- 8 Sept 2021
MTN Pays N72Bn for Renewal of Licenses
MTN Nigeria, telecommunication giant, has confirmed the payment of N72 billion to the Nigerian Communications Commission (NCC) for the renewal of its Universal Access License and spectrum license for…
- 15 Sept 2008
Visafone Targets 1.5m Subscribers by December
Visafone plans to hit 1.5 million subscriber base by year end. This is coming as the company celebrated its 1 million subscriber mark it achieved within 6 months it launched commercial operations.…
- 16 Dec 2017
CBN Licenses Inlaks as Super-agent for Financial Inclusion
The Central Bank of Nigeria, CBN, has granted an approval-in-principle to Inlaks, a financial technology company, to drive its financial inclusion and the cashless initiative agenda. Inlaks will…
- 9 Jun 2016
ATCON Visits LASIMRA, Seeks 95% Slash on RoW Charges
The Association of Telecommunications Company of Nigeria (ATCON) has called on the Lagos State Government to consider its request for a slash on Right or Way (RoW) charges by 95%. Mr. Olusola…
- 16 May 2018
Dangote Urges Nigerians to Register for National IDs
Aliko Dangote, president, Dangote group, has called on Nigerians to get enrolled in the ongoing registration for National Identity Cards being carried out by the National Identity Management…
- 6 May 2026
Firm Unveils Pan-African Financial Operating System to Improve Interoperability
Tulupay, a fintech infrastructure firm, has announced the prelaunch of its pan-African Financial Operating System (FOS) aimed at improving interoperability across the continent’s fragmented financial…
- 17 Aug 2019
Huawei says HarmonyOS is not Android Replacement
Huawei has reiterated its recently-launched operating system (OS) HarmonyOS is not a replacement for Android. Huawei stated this at a media briefing in South Africa to give details of the new OS,…
- 29 Aug 2025
Nigeria to Launch NGDX, Unified Data Exchange by End of This Year
Federal government has announced plans to streamline identity management in Nigeria through the rollout of the Nigeria Data Exchange Platform (NGDX), a centralised system designed to eliminate the…
- 27 Oct 2015
FBN Holdings Unveils FBNQUEST for Merchant Banking & Asset Group Brand Identity
In line with a commitment to improve service delivery to clients and position the group at the forefront of the emerging merchant banking and asset management sector in Nigeria, the Investment…
- 27 May 2012
Telecom Fails to Lift Nigeria as Connectivity Scorecard Rings Worries
Nigeria for the umpteenth year performed woefully in the 2011 global connectivity scorecard index scoring 1.09 and retains the 23rd position among the resource and efficiency-driven economies,…
- 5 Jan 2026
Flutterwave Acquires Nigeria’s Mono in $25m-$40m All-Stock Deal
Flutterwave, Africa’s leading fintech giant, has acquired Nigerian open banking pioneer Mono in an all-stock transaction valued at $25 million to $40 million, sources familiar with the matter said.…