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MTN Blames CBN for Delay in Listing on NSE

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MTN Group claimed it is facing challenges on its listing process in Nigeria due to its face-off with the Central Bank of Nigeria (CBN).

 

According to its quarterly report for the second quarter of the year ended on September 30, 2018, released on Monday, the company said that “We successfully completed the listing of MTN Ghana,” the telecom company said in the report.

 

“MTN Nigeria’s plans to list have been challenged by the recent Central Bank of Nigeria and Attorney General of the Federal Republic of Nigeria matters.

 

“MTN remains committed to the listing in Nigeria and work continues in this regard. In the quarter, the group engaged extensively with authorities in Nigeria to deal with the matters they raised.”

 

The apex bank had claimed that MTN Nigeria illegally repatriated $8.1 billion between 2007 and 2015 while the AGF alleged that the company has unpaid taxes on foreign payments and imports of $2 billion.

 

However, MTN had waved off the allegation and expressed its resolve to get justice.

 

According to the quarterly report, MTN Group Ltd. boosted sales ahead of targets in the third quarter, showing its ability to grow the business even with a major regulatory spat that’s rocked shares of Africa’s largest wireless carrier.

 

Rob Shuter, chief executive officer said in a statement on Monday, that the company is going ahead with plans to list in Nigerian Stock Exchange (NSE), in spite of the issue,

 

The decision to sell shares was part of negotiations relating to a $5.2 billion fine for the unregistered sim cards; the settlement included a reduction of the fine to $1 billion.

 


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Using Pre-registered SIM Card Can Land You in Jail- NCC Warns

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Nigerian Communications Commission (NCC) has issued a stern warning to Nigerians regarding the dangers of purchasing and using pre-registered SIM cards.

Using Pre-registered SIM Card Can Land You in Jail- NCC Warns

The Commission stated that the practice is illegal and could lead to severe consequences, including imprisonment.

The NCC reiterated that individuals using pre-registered SIM cards might inadvertently become implicated in serious crimes such as identity theft, financial fraud, kidnapping, and armed robbery.

It said the use of these SIM cards compromises the accuracy of consumer information and hampers efforts to track criminals effectively.

In a statement, the NCC stressed, “Using pre-registered SIM cards undermines the reliability of data collected on consumers, making it challenging for authorities to identify and apprehend the actual perpetrators of crimes.”

The NCC urged Nigerians to avoid buying pre-registered SIM cards and to ensure their SIM cards are properly registered in their names to avoid potential legal repercussions.

 


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TECNO and Tiwa Savage Unveil ‘Water and Garri’ in Style

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The recent premiere of the highly anticipated film Water and Garri was nothing short of a star-studded affair. Its compelling storyline and stellar performances captured audiences. Held at the Livesport Event Center, the event drew A-list celebrities, industry insiders, and eager fans, all eager to witness the cinematic spectacle unfold.

One of the most memorable aspects of the evening was the irresistible allure of the TECNO booth, where celebrities couldn’t get enough of the state-of-the-art devices on display. From snapping selfies with the latest TECNO smartphones to exploring the myriad features and functionalities, it was clear that TECNO had struck a chord with its audience.

But it wasn’t just the TECNO booth that had everyone buzzing – the movie itself was the talk of the town. ‘Water and Garri,’ inspired by the real-life journey of singer/actress Tiwa Savage, resonated deeply with audiences, offering a poignant portrayal of love, loss, and redemption. As the lights dimmed and the opening credits rolled, guests were not just spectators but participants in Tiwa’s world, swept away by the raw emotion and heartfelt storytelling.

Celebrities couldn’t get enough of the film throughout the evening, lauding its authenticity and powerful performances. From the lead actors to the supporting cast, each portrayal was met with applause and admiration, underscoring the talent and dedication of all involved. As the credits rolled and the cheering subsided, guests lingered, eager to share their thoughts and reflections on the film’s profound impact.

As the night ended, it was clear that “Water and Garri” had left an indelible mark on all who attended. From its captivating storyline to its unforgettable performances, the movie has captivated hearts and minds, earning its rightful place among the year’s most anticipated releases. With the support of innovative partners like TECNO, the film’s reach and impact are sure to extend far beyond the premiere, inspiring audiences for years to come.


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Nigeria DigitalSENSE forum @15, gets June date

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The date for the 2024 Nigeria DigitalSENSE Forum on Internet Governance for Development (IG4D) has been unwrapped for Thursday, June 27, by organisers, ITREALMS Media group.

Disclosing this, the Lead Consulting Strategist, DigitalSENSE Africa and Group Executive Editor, ITREALMS Media, Mr. Remmy Nweke, said that this year’s edition marks the 15th edition of Nigeria DigitalSENSE Forum on IG4D series and comes with the theme “IG4D: Innovative Digital Economy & Safer Civic Space in Nigeria” at the prestigious Welcome Center Hotels, International Airport Road, Lagos.

Nweke recalled that in 2009, the Nigeria DigitalSENSE Forum (NDSF) series on Internet Governance for Development made a debut and ever since has been steadfast in rallying stakeholders to take discourse on Internet access, openness, affordability, connectivity and ICT infrastructure among others.

This year, he also said, as NDSF marks 15th years of impacting various Nigeria’s economic sector with yet another series on the theme: IG4D: Innovative Digital Economy and Safer Civic Space in Nigeria.

“It will also be a time for recognition of corporates and individuals for their contributions in deepening Internet penetration, improving access and affordability as well as technological adaptation that begets digital sense in our society,” Nweke said.

NDSF series on IG4D, powered by ITREALMS Media group is hosted by DigitalSENSE Africa, an At-Large Structure (ALS) certified by the Internet Corporation for Assigned Names and Numbers (ICANN), in collaboration with relevant stakeholders including Internet Society (ISOC), Nigeria chapter, Nigerian Communications Commission (NCC), Internet Exchange Point of Nigeria (IXPN) among others.


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