Telecom
Confusion over Slash in MTN’s Fine as Telco Sacks Ikpoki, Nigerian CEO

Confusion reigned yesterday over the status of the huge fine slammed on MTN Nigeria in October for failing to disconnect 5.1 million unregistered subscribers, with the teleco claiming that the Nigerian Communications Commission (NCC) has cut the fine to $3.4 billion from $5.2 billion, payable by the end of this month.
But an event in Abuja yesterday, Barr Adebayo Shittu, minister of communication, insisted that MTN Nigeria must pay the $5.2 billion fine.
Also, Professor Umar Danbatta, NCC’s executive vice chairman, at the event stated that the federal government’s decision on the fine has not changed.
Prof. Danbatta stated that though the payment deadline had long expired, the fine issue is still being given the deserved attention by the NCC.
Elsewhere, the crisis at MTN has claimed its first victim with the sacking of Michael Ikpoki, who has been replaced by Ferdi Moolman as head of the Nigerian operations.
The announcement of Mooolman is part of the communications pushed out by MTN when it claimed that “MTN has received a formal letter dated December 2, 2015 from the NCC informing the company that, after considering the company’s request, it has taken the decision to reduce the fine”
MTN’s shares on South Africa Stock Exchange have lost 23 percent of their value since the fine was made public on Oct. 26.
Chairman Phuthuma Nhleko took an executive position in November and led negotiations with the NCC after Chief Executive Officer Sifiso Dabengwa resigned.
Nhleko will “immediately and urgently re-engage with the Nigerian authorities before responding formally,” MTN said in the statement.
“All factors having a bearing on the situation will be thoroughly and carefully considered before the company arrives at a final decision.”
But in Nigeria, Shittu, minister of Communication, debunked speculation that the federal government was planning to waive the fine slammed on the South African firm.
Since Monday, there have been speculations in some online media platforms that President Muhammadu Buhari may waive the N1.04 trillion fine when he meets his South African counterpart, President Jacob Zuma when they meet for the Forum of China-Africa Co-operation in Johannesburg later this week.
An online report on TVC news quoted the spokesman for the Department of International Relations South Africa, Clayson Monyela, as saying that expected meeting between the two heads of state will decide MTN’s fate regarding the fine, adding that the government was monitoring the development with keen interest.
Also Danbatta, NCC boss said though the deadline has expired, the fine is still receiving attention.
Danbatta said: “The fine is still receiving attention. The deadline has expired, that we are aware. What we did was to write to them to acknowledge the letter that have written to the commission which admitted that they committed a breach in the letter, they have undertaken to good regulatory behaviour and an apology to the Nigerian people as well as well as solicitation of leniency on the quantum of the fine, these things are still receiving attention and we wrote to acknowledged the receipt of the letter in order to ensure that there are no further sanctions of non-compliance on the deadline. So they not have broken any rule.”
Telecom
Konga Launches ‘Berekete Sales’ with Up to 50% Discounts Across Major Categories

Nigeria’s leading composite e-commerce platform, Konga, has announced the launch of its highly anticipated Berekete Sales, a nationwide promotional campaign designed to deliver exceptional value to customers across key product categories.

Konga Berekete
The initiative reinforces Konga’s commitment to affordability, accessibility, and innovation while strengthening its position as a trusted retail partner for millions of Nigerians.
The Berekete Sales campaign features discounts of up to 50% on high-demand categories including Home and Kitchen, Computing, Electronics, Beauty, and Personal Care.
Carefully curated to meet both everyday and aspirational needs, the campaign comes at a strategic period that coincides with Ramadan, Lent, and the approaching Eid al-Fitr celebrations, seasons traditionally associated with reflection, generosity, and family-oriented spending.
Speaking on the campaign, Victor Olaleye, Konga Group Head of Marketing, emphasised that the Berekete Sales initiative reflects the company’s understanding of the economic climate and the importance of value-driven retail experiences. “Berekete Sales is about delivering abundance in savings to our customers,” he stated.
“We recognise that this period is significant for many households observing Ramadan and Lent, and we want to ensure they can access premium products at competitive prices.
“Our goal remains to make quality products accessible while maintaining the seamless shopping experience Konga is known for.”
Among the standout offers is a special deal on the Starlink Gen 3 kit, now available at ₦550,000, reduced from its regular price of ₦590,000.
As the authorised distributor, Konga continues to provide customers with reliable access to the high-speed satellite internet solution, further strengthening connectivity options in Nigeria.
Activation services are available in select cities, ensuring a smooth transition to enhanced internet performance.
In addition, technology enthusiasts can take advantage of an exclusive offer on the Huawei Watch 3, with a special promotion that allows customers to receive two units for the price of one at ₦200,000.
This offer underscores Konga’s strategy of delivering premium lifestyle products with unmatched value.
The Berekete Sales campaign also extends to computing solutions, with attractive deals on ASUS laptops, catering to professionals, students, and businesses seeking performance-driven devices at competitive prices.
Furthermore, customers can pre-order the new Samsung Galaxy S26 Ultra on Konga and receive gift items worth over ₦500,000 from Samsung, a compelling incentive for early adopters and technology enthusiasts.
By aligning its promotional calendar with key religious seasons, Konga demonstrates cultural awareness while providing practical solutions for customers during Ramadan, Lenten observances, and Eid celebrations.
The campaign ensures that households can upgrade their living spaces, enhance productivity, and invest in quality lifestyle products without straining their budgets.
Beyond the discounts, Konga’s integrated ecosystem, spanning secure payment solutions, nationwide logistics, and reliable customer support, ensures a seamless shopping journey from browsing to delivery.
This operational strength continues to differentiate the brand within Nigeria’s competitive e-commerce landscape.
As consumer expectations evolve, Konga remains focused on delivering not just products but complete retail experiences anchored on trust, transparency, and value. The Berekete Sales campaign is positioned to drive significant traffic, boost sales volumes, and deepen brand loyalty across its growing customer base.
With substantial savings, premium product offerings, and time-sensitive deals, the Berekete Sales As the campaign gains momentum, customers are encouraged to visit Konga.com or any Konga retail store nationwide to take advantage of these limited-time offers.
With its blend of spiritual season sensitivity and high-tech accessibility, Konga continues to set the pace for the future of commerce in Africa.
Telecom
Sunil Bharti Mittal Conferred GSMA Lifetime Achievement Award for Transforming Global Telecommunications

The GSMA has conferred a rare Lifetime Achievement Award on Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, recognising his role in reshaping the global telecommunications landscape and expanding connectivity across operators, governments, businesses and billions of consumers worldwide.

Bestowed on only a handful of industry leaders in the GSMA’s history, the honour recognises contributions that have left an enduring and defining mark on the global communications ecosystem.
The award was presented at Mobile World Congress in Barcelona in the distinguished presence of His Majesty Felipe VI, the Prime Minister of Spain, Pedro Sanchez, the President of Catalonia, Salvador Illa, and global industry leaders.
A visionary in the telecom sector, Sunil Bharti Mittal has built Bharti Airtel into one of the world’s leading mobile operators, with operations across India and Africa, ranking among the top three globally and serving over half a billion customers.
He pioneered the expansion of mobile services across emerging markets and served as Chairman of the GSMA from 2017 to 2018, where he championed policies that encouraged investment and innovation while strengthening the industry’s commitment to connecting the unconnected and advancing digital inclusion.
He was previously honoured with the GSMA Chairman’s Award in 2008 and again in 2016 for his outstanding contribution to the growth and development of the global mobile industry and was felicitated at Mobile World Congress in February 2019 in recognition of his Chairmanship.
On receiving the award, Sunil Bharti Mittal said, “I am deeply honoured to receive this recognition and sincerely thank the GSMA for this award. I accept it not only as a personal milestone, but as a tribute to India’s telecom journey, the collective spirit of Bharti, and the rise of Indian telecom companies on the global stage.
Equally the award reflects the progress of an industry that has connected billions and belongs to the customers we serve, the teams who built our institutions, and the partners who believe in the transformative power of connectivity.
Telecommunication is a force that expands opportunity, places essential services in the palm of every individual and unlocks human potential. Helping shape its evolution into a powerful accelerator of modern progress has been a privileged responsibility. As innovation accelerates, we will continue to work with our partners & stakeholders to ensure that growth advances equity and creates lasting opportunity for generations to come.”
The Lifetime Achievement Award is a rare honour, bestowed only on select individuals whose leadership and innovation have left an enduring mark on the industry.
Telecom
House Probes Fintech Regulation via Public Hearing on New Commission Bill

House of Representatives is pushing to regulate Nigeria’s fintech sector through a public hearing on “A Bill for an Act to Establish the Nigerian Fintech Regulatory Commission and for Related Matters (HB.2389).”

Speaker Tajudeen Abbas opened the hearing, stressing the need for stakeholder inputs to craft enforceable, constitutional laws addressing regulatory overlaps in digital banking, science, technology, and communications.
Abbas highlighted fintech’s role in Nigeria’s growth via digital payments, blockchain, crowdfunding, and financial inclusion for the unbanked, creating jobs and supporting SMEs under President Tinubu’s Renewed Hope Agenda.
He warned that lagging regulations cause fragmentation, compliance issues, and investor uncertainty, necessitating a coordinating commission for licensing, supervision, standards, and a level playing field without duplicating bodies like the Central Bank of Nigeria (CBN), SEC, NITDA, or NDIC.
The commission would protect consumers, monitor cybersecurity, ensure data privacy, and promote education while complementing existing regulators.
Committee Chairman Emmanuel Ukpong-Udo, overseeing digital banking, banking regulations, science, technology, communications, capital markets, and institutions, called the bill vital for harmonizing oversight amid Nigeria’s rise as Africa’s fintech hub with 430+ firms valued at billions.
Ukpong-Udo emphasized balancing innovation, stability, and coordination to avoid burdens on startups.
Bill sponsor Fuad Kayode Laguda argued the commission would streamline operations currently split among CBN, SEC, NITDA, NOTAP, and FIRS, boosting profitability, user security, and ease of business. He cited 2024-2026 stats: 250-430 firms, $230 billion market projection, $10.6 billion valuation for top nine, and $1.6 billion in mobile transactions.
Fintech stakeholders offered mixed views, with some backing unified regulation and others fearing overlaps with current mandates.
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