Tuesday, September 25, 2018

Tag "Nigerian Communications Commission (NCC)"

    NCC intervenes in CBN, MTN dispute

NCC intervenes in CBN, MTN dispute

The Nigerian Communications Commission (NCC) says it hopes that there will be an amicable resolution between the Central Bank of Nigeria and MTN.The financial regulator had ordered MTN to refund the $8.1 billion it repatriated from the country, saying the funds were allegedly taken out of the country using irregular certificates of capital importation.Speaking on Tuesday at the ongoing ITU [...]

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    Airtel, 9mobile oppose transfer of Visafone’s spectrum to MTN

Airtel, 9mobile oppose transfer of Visafone’s spectrum to MTN

Airtel and 9mobile, mobile network operators in the country, have opposed the transfer of an 800MHz from Visafone Communications to MTN Nigeria.Speaking in Abuja on Monday at a public inquiry organised by the Nigerian Communications Commission (NCC), representatives of the operators said transferring the spectrum to MTN could result in a monopoly.Chidozie Arinze, 9mobile's head of regulatory affairs, said spectrum [...]

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    NCC withdraws 36.6m telephone lines from telcos

NCC withdraws 36.6m telephone lines from telcos

The Nigerian Communications Commission (NCC) has withdrawn 36.6 million telephone lines from telecommunications operators.According to a document made available on the NCC website, the directive took effect on March 20, 2018.A telephone numbering plan is a type of scheme used in telecommunication to assign telephone numbers to subscriber telephones or other telephony endpoints. Telephone numbers are the addresses of participants [...]

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    Malami to pay lawyers N500m over MTN fine

Malami to pay lawyers N500m over MTN fine

The federal executive council (FEC) on Wednesday approved the payment of N500 million legal fees to lawyers for the recovery of N330 billion fine from the Mobile Telecommunications Network (MTN).MTN was fined by the Nigerian Communications Commission (NCC) in 2017 for breaching directives on SIM registration.Abubakar Malami, minister of justice and attorney general of the federation, said this while briefing [...]

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    NCC sets July deadline for N165bn interconnect debt settlement

NCC sets July deadline for N165bn interconnect debt settlement

Umar Danbatta, the executive vice chairman, Nigerian Communications Commission (NCC), says telecommunications companies have agreed to settle the N165 billion interconnect debt owed to each other.Danbatta made this known when Olusola Teniola, president of the Association of Telecommunications Companies of Nigeria (ATCON), visited the NCC headquarters in Abuja.Interconnect debt arises when an operator fails to settle the cost of termination [...]

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    ICYMI: NCC says mobile networks must not auto renew your data subscription

ICYMI: NCC says mobile networks must not auto renew your data subscription

The Nigerian Communications Commission (NCC) says all telecommunications service providers in the country must automatically renew data packages without the subscriber's consent.NCC said non-adherence to this would result in a N5 million fine.Umar Danbatta, executive vice chairman of Nigerian Communications Commission (NCC), made this known at the first edition of the NCC Consumer Conversations in Karu, Nasarawa.Helen Obi, director of Northern operations [...]

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    NCC to telcos: Give us time to resolve multiple taxation issues

NCC to telcos: Give us time to resolve multiple taxation issues

The Nigerian Communications Commission (NCC) has appealed to telecommunication operators to allow it more time to resolve issue bordering on multiple taxation.In a statement made available to TheCable on Thursday, Efosa Idehen, NCC's director, compliance monitoring and regulation, empathised with telcos over the challenges they face.In an earlier statement, Gbenga Adebayo, president of the Association of Licensed Telecommunications Operators of Nigeria [...]

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    ID card rule hurting SIM replacement rate, telecom operators lament

ID card rule hurting SIM replacement rate, telecom operators lament

Operators of telecommunications networks in the country say the means of identification rule imposed by the Nigerian Communications Commission (NCC) is reducing the rate of successful sim replacement.Representatives of some telecommunication networks made this complaint at the 81st Telecom Consumer Parliament organised by the NCC in Lagos."If you go to our centres today, Globacom, 9mobile, Airtel and MTN, the number [...]

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    Telcos get one week ultimatum to end call masking

Telcos get one week ultimatum to end call masking

The Nigerian Communications Commission (NCC) has advised telecommunications companies in the country to desist from getting involved with call masking and call refilling on their networks.According to ThisDay, the telecoms industry regulator gave the companies a week ultimatum, which lapses on Friday, July 28, to ensure that no call masking and refilling activity take place on their networks.Call masking is [...]

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    GSM operators lost 1.66m subscribers in March

GSM operators lost 1.66m subscribers in March

The Nigerian Communications Commission (NCC) says Global System for Mobile Communications (GSM) network operators in Nigeria lost 1.66 million subscribers in March.According to the subscriber data released on the commission's website, all GSM operators, excluding Globacom recorded a decline in subscribers.NCC said the active telecommunications service customers, which was 154,120,484 in February, declined to 152,467,198 in March 2017.A total of [...]

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Exchange Rates

September 24, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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