Telecom
Etisalat: Bello-Osagie Plots Comeback, ‘9Mobile’ A Transitory Name

The battle for the soul of Etisalat Nigeria (now rebranded 9Mobile) has reached a crescendo as Nigeria CommunicationsWeek investigations showed that Mr. Hakeem Bello-Osagie, former chairman, has launched out in search of investment partners to buy the mega shares in the company.
In May 2013, Emerging Markets Telecommunications Services Limited (EMTS), trading under the name of Etisalat Nigeria, signed a $1.2billion medium-term syndicated loan facility agreement with Zenith Bank Plc, Guaranty Trust Bank Plc, First Bank of Nigeria Limited and 10 other banks.
But, Mr. Osagie who resigned his position on the heat of threats from the banks to take over the Company for failure to pay back the loan, plans to regain his position should he get new investors.
A week ago, Hatem Dowidar, the chief executive of Etisalat International, said Etisalat Group would, in the next three weeks, phase out the brand name in Nigeria.
The decision followed Emirates Telecommunications Group (Etisalat Group) withdrawal of further involvement in the ownership of the Nigerian subsidiary.
Until June 15, the United Arab Emirates, UAE, group was a major shareholder in Etisalat Nigeria, along with United Arab Emirates Sovereign Wealth Fund through Mubadala Development Company, Abu Dhabi.
The two affiliates controlled a combined 85 per cent equity in the telecom firm, with Myacinth holding 15 per cent stake through Emerging Markets Telecommunications Services, EMTS Holding BV, owned by former United Bank for Africa, UBA, Mr Bello-Osagie.
Opting to part ways with the company followed the crisis in the wake of the $1.2billion syndicated loan the telecom firm took in 2013 from a consortium of 13 Nigerian banks, an impeccable source revealed to Nigeria CommunicationsWeek, Mr. Bello-Osagie has vowed to block moves by an influential ‘money bag’ without technical credentials to take over the company.
According to the Source, “Mr. Bello-Osagie, former chairman’s confidence of pulling a surprise comeback is based on the fact that the 13 banks are supposed to take over the mega shares in Etisalat, but they are not interested. They (the banks) are actually shopping for investors to buy over the shares. Presently, the shares are domicile with UBA Capital.
“So, Mr. Osagie is not giving up on the matter. First, his ‘group’ still maintains 15% stake in Etisalat. Remember, they are the owners of the operating licence too. Secondly, he is not comfortable with an influential business mogul who is making moves to take over Etisalat. The potential investor lacks the technical milieu to manage the Company.
“The man roadblock to him (the money bag) is that he possesses an expired operating license. The Communications Acts 2003 makes it impossible for him to buy over the shares. But he views the present circumstances as a golden opportunity to launch fully into the telecommunications business, especially with the potentials 9Mobile has. He might want to buy the Company through other business ventures. So, EMTS is on red alert”.
The Source also told Nigeria CommunicationsWeek that ‘9Mobile’ is merely a transitory name put forward by EMTS to beat the deadline as Etisalat International, has made intentions know to phase out the brand name in Nigeria by month end.
“Remember, at the launch of EMTS in Nigeria in 2008, “0809ja” was adopted, to affirm the “Nigerianness” of its origin. And it worked. The plan now is such that if EMTS succeeds in buying over the banks’ shares then the name 9Mobile, which is a transitory name, shall be dropped almost immediately. Should they fail to get investors of preference to buy the shares, it means EMTS will remain with 15% stake, but the new investors will come out with a new name. As it stands now, it stands 50-50 for Mr. Osagie to come back to his position”, the source said on Sunday night.
Recall, after the interventions of the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) in the loan feud between Etisalat Nigeria and a consortium of 13 banks, Mr. Osagie, resigned his appointment as part of restructuring plan for the telecommunications firm.
The new board is headed by Dr. Joseph Nnanna, chairman; Mr. Boye Olusanya who replaced Matther Wilshire as CEO; Mr. Oluseyi Bickersteth, non- executive director; Mr. Ken Igbokwe, non-executive director and Mrs. Funke Ighodaro, Chief Finance Officer.
Telecom
TikTok, Instagram Blamed in US Youth Suicide Lawsuit

Major social media giants Meta Platforms, TikTok and Alphabet’s YouTube will face a landmark jury trial this week in Los Angeles County Superior Court over allegations that their addictive designs have fuelled a youth mental health crisis, marking the first such case to reach this stage.

Social Media
The pivotal personal injury lawsuit centres on a 19-year-old Californian woman identified as K.G.M., who claims her childhood immersion in Instagram, Facebook, YouTube and TikTok—engineered with endless scrolls, autoplay videos, notifications and algorithms—sparked severe anxiety, depression and suicidal thoughts.
Dozens of similar suits have surged since 2022 from families, schools and states, accusing the firms of burying internal research on teen harms while prioritising ad revenue through youth-targeted engagement hooks, despite Section 230 protections for user content.
Plaintiffs seek damages and design overhauls, arguing platforms bypassed parents and preyed on vulnerable kids; defendants counter there’s no clinical “social media addiction” diagnosis, no proven causation—kids with issues often use less—and they’ve added safeguards like parental controls and time limits.
Echoing Australia’s under-16 bans, the trial will scrutinise thousands of internal documents, expert testimonies and K.G.M.’s story, potentially expanding tech liability amid debates where studies show complex links, not direct causation, between screen time and disorders like eating issues or self-harm.
A win could mandate warning labels, age gates or algorithm tweaks, reshaping global platforms as U.S. Surgeon General advisories and global scrutiny intensify pressure on Big Tech to prioritise child safety over profits.
Telecom
Meta Tests Paid Subscriptions Across Instagram, Facebook, WhatsApp

Meta is gearing up to trial paid subscription services on Instagram, Facebook, and WhatsApp, aiming to diversify revenue streams beyond advertising while maintaining free core access for all users.

Meta
The subscriptions will offer enhanced tools tailored for everyday users, creators, and businesses, including advanced content creation, sharing, and workflow features distinct from the existing Meta Verified verification program. Unlike a uniform rollout, Meta plans varied testing formats per app to match diverse audiences, experimenting with feature bundles based on user feedback to refine the model.
A key element involves integrating Manus, the autonomous agent firm Meta acquired for $2 billion in December, into these apps alongside its enterprise sales. Manus enables complex task automation with minimal input, with early signs like Instagram shortcuts already spotted by reverse engineer Alessandro Paluzzi.
Video tools feature prominently: Meta’s Vibes short-form video generator in the Meta AI app shifts to freemium, where paid tiers unlock higher monthly creation limits beyond the free baseline. On Instagram, subscriptions could enable unlimited audience lists, non-follower tracking, and anonymous Story views, though specifics for Facebook and WhatsApp remain under wraps.
Drawing from Meta Verified’s 2023 launch—which provides badges, support, and protection mainly for creators—these broader plans target wider appeal amid industry shifts. Ad growth slows against TikTok competition, while Snapchat+ boasts 16 million subscribers at $3.99 monthly, proving demand for value-driven paid perks despite subscription fatigue risks from streaming and storage fees.
Meta will phase tests gradually, prioritizing feedback to shape long-term viability without alienating free users.
Telecom
New Investment Fund Targets Acceleration of Emerging Technology in Nigeria

The International Rescue Committee (IRC) has announced the formation of Airbel Ventures, a new humanitarian impact investing fund aimed at accelerating the introduction and scaling of breakthrough technologies in crisis-affected communities.

The fund will invest in companies whose ideas have the potential to change humanitarian response, including digital infrastructure for frontline health systems and climate-resilient agriculture.
The launch of Airbel Ventures follows a period of rapid innovation at the IRC, despite the humanitarian sector facing record funding cuts.
In the past year, the IRC’s Airbel Impact Lab has advanced more than twenty Artificial Intelligence (AI) and technology initiatives—from anticipatory action tools powered by climate and vulnerability data, to frontline service delivery using safe, orchestrated AI systems, to breakthrough diagnostic tools for emerging diseases.
Airbel Ventures’ first impact investment is in Signalytic, a company delivering solar-powered computing devices that ensure reliable electricity and connectivity for remote health facilities.
Following the investment, the IRC will pilot Signalytic’s technology with its Nigeria Health team, demonstrating the viability of next-generation digital infrastructure in humanitarian settings.
“We know breakthrough solutions already exist—what’s missing is the path to scale in humanitarian contexts,” said Dr. Jeannie Annan, Senior Vice President for Research & Innovation at the IRC and head of the Airbel Impact Lab.
News2 days agoLIRS to Invoke NTAA to Recover Unpaid Taxes from Bank Accounts, Others
News2 days agoAnambra Cuts Monday Pay to Kill Sit-at-Home
E-Financial2 days agoFirst Asset Management Receives Upgraded Ratings from Agusto &Co and DataPro
General News2 days agoNigeria Treats Religious Violence as Attack on State – NSA Ribadu
E-Financial2 days agoNIBSS, Others Flag 13,417 Nigerian Fraudsters on Person of Interest Portal
E-Financial2 days agoCBN Prepares Fresh Debit Card Rules to Improve ATM Services
News1 day agoTech Executives Double Down on AI, Talent and Adaptive Strategies to Lead in the Intelligence Age
General News1 day agoWEBINAR: Techeconomy Business Series Hosts Experts from MTN, Interswitch, BusinessPlus, others this Wednesday












