Friday, August 9, 2019

Tag "ETISALAT Nigeria"

    9mobile: Court case about transfer of licence, not company’s sale

9mobile: Court case about transfer of licence, not company’s sale

The management of Emerging Markets Telecommunication Services Limited (EMTS) – trading as 9mobile – says the widely reported court judgment is about the transfer of license, not the sale of the company.It had earlier been reported that Binta Nyako, a judge at the Abuja high court, voided all moves taken with respect to the exchange of ownership of Etisalat."Any action that [...]

0 comment Read Full Article
    Court orders return to ‘status quo’ in 9mobile case

Court orders return to ‘status quo’ in 9mobile case

Binta Nyako, a judge of the federal high court, has asked parties to a suit on the sale of the Emerging Markets Telecommunication Services Limited (EMTS) to maintain the 'status quo'.“Any action that has been taken concerning the rest of this litigation from the 25th day of April, which is earlier in time, should revert to the position, as of the [...]

0 comment Read Full Article
    MTN, Airtel among 16 firms ‘bidding to acquire 9mobile’

MTN, Airtel among 16 firms ‘bidding to acquire 9mobile’

Sixteen firms have launched a bid to acquire 9mobile, Nigeria’s fourth largest network operator, according to ThisDay.In July, Etisalat Group disclosed on the Abu Dhabi Stock Exchange that it had pulled out of 9mobile, formerly known as Etisalat Nigeria.The telco had defaulted on a loan repayment scheme of $1.2 billion due a consortium of 13 local banks, citing economic downturn and [...]

2 comments Read Full Article
    Nigerian sex workers seek law change to ply trade legally

Nigerian sex workers seek law change to ply trade legally

Amaka Enemo, coordinator, National Sex Workers Association, has appealed to the federal government to decriminalise sex work in Nigeria for effective control of HIV and other sexually transmitted infections.Enemo made the appeal on Wednesday in Abuja while briefing journalists at the inauguration of a new report on 'Understanding the high risk of urban sexual networks in Nigeria'.The national coordinator said [...]

0 comment Read Full Article
    Etisalat Nigeria changes name to 9mobile

Etisalat Nigeria changes name to 9mobile

Etisalat Nigeria is changing its brand name to 9Mobile, TheCable has learnt.A few weeks ago, Mubadala Group, the major investor from the United Arab Emirates, pulled out of Nigeria’s fourth largest mobile operator, due to a N541 billion debt.On July 4, 2017, a new board was appointed at Etisalat Nigeria, to handle the smooth transition of the telecommunications company after [...]

3 comments Read Full Article
    CBN deputy governor, former KPMG senior partner… meet the new board at Etisalat Nigeria

CBN deputy governor, former KPMG senior partner… meet the new board at Etisalat Nigeria

Following the resignation of its chairman and chief executive officer (CEO), Etisalat Nigeria on Tuesday named a new board of directors, with former deputy CEO of Econet as its new CEO. TheCable takes a closer look at the members of the new board, which includes the deputy governor of the Central Bank of Nigeria (CBN) and chairman of African Finance Corporation [...]

0 comment Read Full Article
    ‘Seamless transition’ at Etisalat as CEO, CFO quit

‘Seamless transition’ at Etisalat as CEO, CFO quit

Troubled  Etisalat Nigeria underwent a "seamless transition" to an interim management on Monday following an agreement with the consortium of its creditors, TheCable understands.The telcom, with 21 million subscribers, owes the banks N541 billion, leading to a take-over attempt.Mubadala Group, the major investor from the United Arab Emirates, has pulled out of Nigeria's fourth largest mobile operator while its chairman, Keem [...]

0 comment Read Full Article
    NCC declares Nitel, Starcomms ‘inactive’

NCC declares Nitel, Starcomms ‘inactive’

The Nigerian Communications Commission (NCC) has declared the Nigerian Telecommunications Limited (NITEL), the country's pioneer telecoms operator, and 13 other telecoms companies as "inactive operators".According to Technology Times, NCC's declaration of NITEL and its mobile business unit, MTEL Limited, as inactive  "further reflects the southward fortunes of the two public-owned telcos, as they technically no longer contribute to the periodic subscriber information released [...]

0 comment Read Full Article
    The losers and gainers of porting

The losers and gainers of porting

The Nigerian Communications Commission (NCC) on Monday released a report on the port-out activities of mobile network operators in the country.The report reveals that at least 10,210 subscribers have dumped the services of Globacom in the last two months, for other Global System for Mobile (GSM) communications (GSM) networks.According to the report, Globacom lost a total of 6,930 customers in April [...]

0 comment Read Full Article
Advertisement

Advertisement

Advertisement

Exchange Rates

August 08, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement