Telecoms and IT

MTN says Nigeria Unit to Report Roughly $955m FY Profit

South African telecoms group MTN said on Tuesday its Nigerian business is likely to report about $955 million in annual profit after tax, confirming a newspaper report in the west African country.

"Profit after tax figure for MTN Nigeria for the period ended 31 December 2015 being quoted in the press article, is 190 billion naira ($955 million), which is within the current estimate," the company said in a statement.

Africa's largest mobile operator has been fined $3.9 billion in Nigeria for failing to disconnect users of unregistered SIM cards.

'Telecom Firms Should Put Security Before Profits'

Telecom firms operating in Nigeria should not put their desire to make profits above security concerns, President Muhammadu Buhari said on Tuesday.

Nigeria has been pushing telecom companies to verify the identity of their subscribers amid fears that unregistered SIM cards were being used by criminal gangs in a country facing an insurgency by Islamic militant group Boko Haram.

MTN, Africa's largest mobile operator, has been fined $3.9 billion in Nigeria - its biggest market by sales - for failing to disconnect users of unregistered SIM cards.

MTN Buys Nigerian Internet Provider Visafone Despite Fine Uncertainty

South African telecoms group MTN has bought Nigerian internet provider Visafone to improve its broadband services in its biggest market, it said on Friday, as the company awaits a ruling on a $3.9 billion Nigerian fine, Reuters reports.

MTN Nigeria executive Amina Oyagbola said the acquisition, already completed, would enable Africa's biggest mobile phone group to roll out new services in the continent's most populous nation, which is the company's largest market by sales.

Science and Technology to Uplift the Quality of Life of Nigerians –Buhari

President Muhammadu Buhari has said that his administration will reposition Science, Technology and Innovation (STI) as a national priority to guarantee sustainability, high standard of living and quality of life for Nigerians.

The president, who stated this in Abuja on Thursday at the maiden meeting of the National Research and Innovation Council (NIRC), said Federal Government would fast-track industrial and economic development through the STI.

Approve National Software Policy, NCS Pleads with Government

The Nigeria Computer Society (NCS) on Monday pleaded with the Federal Government to approve the pending National Software Policy (NSP).

The advice is contained in a statement issued in Lagos and signed by Prof. Adesola Aderounmu, the president of the society.

According to the statement, the NSP blue print is aimed at providing a strategic roadmap to make the country competitive in the area of software engineering.

Nigeria Will Await MTN's Court Case Before Deciding on $3.9B Fine –Ministry

Nigerian authorities will wait for the outcome of a court challenge filed by South African telecoms firm MTN before deciding on whether to enforce a $3.9 billion fine, a spokesman for the telecommunications ministry said.

The ministry spokesman contradicted a source in the Nigerian Communications Commission (NCC), who earlier said "appropriate action" would be taken against MTN if it failed to pay the fine by a Dec. 31 deadline for failing to disconnect users with unregistered SIM cards.

Toshiba to Cut 7,000 Jobs in PC and TV Units Over Accounting Scandal

Japan's Toshiba Corp said on Monday it would cut nearly 7,000 consumer electronics jobs after a 1.3 billion dollars accounting scandal.

Toshiba also said it would sell its television manufacturing plant in Indonesia and that eventual job cuts could be over 10,000, including previously announced cuts and those seeking voluntary early retirement.

The job cut is an overhaul that will streamline the sprawling conglomerate into a company focused on chips and nuclear energy.

MTN takes Nigerian Regulator to Court Over Hefty Fine

South Africa's MTN Group will challenge in a Nigerian court a fine imposed by the west African nation's telecoms regulator, saying on Thursday the watchdog had no legal grounds to order the penalty.

The Nigerian Communications Commission (NCC) hit MTN with a $5.2 billion penalty in October for failing to disconnect users with unregistered SIM cards, prompting weeks of lobbying by Africa's biggest mobile phone company to get the fine reduced.

Subscribers Lament Cost of Unsolicited Messages, Calls by Network Providers

Mobile network subscribers have lamented the high costs of unsolicited messages and calls imposed on them by various network providers and urged them to find permanent solution to the issue.

Some of the subscribers in separate interviews with the News Agency of Nigeria (NAN) said that such messages and calls had become so frequent that it was becoming an embarrassment to them.

Mike Osuji, civil servant decried such messages and calls, adding that subscribers should not be forced to accept what the network providers were imposing on them.