Telecoms and IT

Etisalat Takeover: NCC Assures Subscribers of Network’s Integrity

Amid the move to takeover of Etisalat by a consortium of banks, the Nigerian Communications Commission (NCC) has assured subscribers that the network’s integrity would not be compromised.

The Director, Public Affairs of NCC, Mr Tony Ojobo, said in a statement on Wednesday in Lagos that the commission’s attention had been drawn to the planned takeover by the consortium of banks.

Ojobo said that the regulatory body was aware of the indebtedness of Etisalat to the consortium.

Telecoms: Porting Activities Decline in Nigeria

Porting activities among telecommunications service providers declined by 8,248 in April, the Nigerian Communications Commission (NCC) has said.

The “Incoming and Outgoing Porting Activities of Mobile Network Operators” report obtained by the News Agency of Nigeria on Thursday in Lagos  showed that subscribers porting within the networks stood at 33,773 in April, as against the 42,021 recorded in March.

It said that out of the 33,773 porting activities in April; 16,938 were “incoming porting activities” while 16,835 were “outgoing porting activities.’’

Nigeria’s Telcos Struggle for Survival

Telecommunications operators in the country once seen as flourishing are today battling to survive due to unfavourable economic policies being implemented by the government, the Nigerian Communications Week report shows.

The situation has forced some of them to rationalize staff; some have moved their Network Operating Centres (NOCs) to India; while some are faced with difficulties in meeting with their creditor obligations.

Growth of E-Commerce Pushes Investor Interest in Logistics

Due to the rising popularity of e-commerce, property developers are keen on the improvement of logistics operations across many of Europe’s biggest cities, global real estate firm JLL reports.

JLL’s recently released ‘More Than the Last Mile’ report anticipates a rise in demand for different types of logistics facilities in major European cities, including transhipment facilities, multi-storey buildings and underground facilities.

Financial Sector Loses ₦14b to Fraudsters, Ponzi Scheme in 2016

The nation’s financial sector lost N2.19 billion to fraudsters in 2016, according to Annual Report of the Nigeria Electronic Fraud Forum (NeFF), released in Abuja.

According to the report, the actual money lost to fraudsters is slightly less than the N2.256 billion recorded in 2015.

However, the volume of fraud cases jumped to 19,531, against 10,743 cases in 2015, an indication that the financial system had increasingly suffered attacks from fraudsters.

Nigerian Benson Wins £25,000 for Tutoring App

A 27-year-old Nigerian, Godwin Benson has won an engineering award given by UK’s Royal Academy of Engineering for the tutoring app developed by him.

According to the BBC, Benson, a systems engineer, beat 16 participants to clinch the £25,000 ($32,000) prize money.

At the awards ceremony in Nairobi, Kenya on 23 May 2017, the four finalists delivered presentations, before Africa Prize judges and a live audience voted for the most promising engineering innovation.

Telecoms Sector Contributes ₦15tr to GDP –NCC

Nigeria’s telecommunications sector contributed over N15 trillion to the country’s Gross Domestic Product (GDP) since the liberalisation of the sector, according to the Nigerian Communications Commission (NCC).

The Executive Vice-Chairman of NCC, Prof. Umar Danbatta, made the disclosure at an interactive session with newsmen in Lagos on Tuesday.

Danbatta said the sector’s contribution to the GDP increased from eight per cent in the fourth quarter of 2016 to nine per cent in the first quarter of this year.

Smart City Development: the Need for Public Private Partnership

The Minister of Foreign Affairs, Mr Geoffrey Onyeama, has stressed the need for Public Private Partnership (PPP) in driving Information Communication Technology (ICT) and development of smart cities in Nigeria.

He told the News Agency of Nigeria on the sidelines of Transform Africa Summit 2017 in Kigali, Rwanda, that unless the huge infrastructure deficit in Nigeria was addressed, achieving the Smart Africa Initiative would be difficult.

Why Payment Systems in Nigeria must be Secured

The Central Bank of Nigeria (CBN) on Wednesday reiterated the need to secure payment systems in the country to stem fraudulent activities in the financial sector.

The Director, Banking and Payment Department, CBN, Mr Dipo Fatokun stated this while presenting a keynote address on emerging regulations to protect online, mobile and payment services in Abuja.

Nigeria Should Simplify Taxes, Cut Fees to Boost Tech Sector –Google

Nigeria's government should simplify taxes and reduce fees involved in laying fibre optic cables to encourage development of infrastructure for the technology industry, Google's manager in the West African country said on Tuesday.

Juliet Ehimuan-Chiazor told Reuters boosting the technology industry would help diversify Nigeria's oil-dependent economy, the largest in Africa and which is now in its second year of a recession caused mainly by low crude prices.

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