Telecom
FEC Relaxed MTN Fine to Encourage Foreign investments- Shittu
Mr Adebayo Shittu, minister of Communications, had said that the $5.2billion fine slammed on telecommunication giant, MTN, was reduced to encourage foreign investments into the country.
Shittu said this on Sunday in Ibadan at an award ceremony in honour Chief Lekan Balogun, the Otun Olubadan of Ibadanland.
He said that the Federal Executive Council (FEC) decided to reduced the penalty against the telecommunications giant after realising the negative impact the burden could have on the nation, its people and the economy.
The Nigerian Communications Commission (NCC) had slammed a $5. 2 billion fine on MTN for violating the directive of the regulatory body in Nigeria.
The NCC had directed all telecom providers in the country to register subscribers and disconnect erring subscribers but which MTN could not meet.
MTN, having failed was fined $1,000 per each of its 5.2 million affected subscribers, totaling $5.2
billion.
He said that there were pressures on FEC from different quarters, which later agreed to reduce the fine imposed on
MTN to N330 billion to be paid within a period of three years.
“As far as we are concerned, the MTN issue is a closed matter. Nigeria as a country must move on. We must not do anything to drive away foreign investors. Foreign investments are potent means of bringing about development and wealth creation,” he said.
Shittu said that the people must not forget that there were less than 500,000 telephone lines before the telecom operators came on board.
According to him, “Nigeria now has more than 152 million lines and MTN is the dominant operator in the field. It controls almost 50 per cent of the lines.
“Though, MTN violated the law and we had to penalise it. We must put a halt to the limitless crisis so that we don’t discourage foreign investors.
“That is what the Federal Executive Council has done to ensure we move ahead. We know for instance, that MTN operates in 22 countries.
“What it realises in Nigeria alone is more than what it realises in the other 21 countries put together,” he said.
Shittu advised the telecoms operators against taking Nigeria and their customers for granted, warning that all infractions would be appropriately sanctioned.
“The operators owe a duty to Nigerians to continue to improve on their services. Nigerians have been paying through thick and thin to patronize them.
“To whom much is given, much is expected,” he said.
With the introduction of Travel Saga, a premium, fast-paced gaming experience that is currently live and accessible to customers on its network, Globacom has lifted the bar for mobile entertainment in the country.
Travel Saga is a story-driven, intricately connected role-playing game designed to provide the thrill, complexity, and competitive intensity of some of the most well-known action games in the world.
The game, which has been painstakingly optimized for mobile devices, redefines mobile gaming as a full-fledged digital battlefield by translating a console-grade experience onto data-enabled handsets.
Fundamentally, Travel Saga takes users on quick virtual journeys against recognizable international landscapes. In a dynamic, ever-evolving gaming environment, players are thrown into furious missions, fierce fights, and ever-expanding tales where talent, strategy, and endurance determine who rises through the ranks to become a true war hero.
In addition to the excitement of fighting, users are encouraged to go to various locations, take part in thrilling challenges, and participate in intense competition for in-app rewards like points and victory badges. With each encounter and accomplishment, the immersion increases with each level, maintaining momentum and excitement.
Flexible subscription plans with one-time or auto-renewal choices are available to subscribers for the service, which costs ₦100 per day and ₦250 per week. By dialing *70021#, customers can quickly subscribe and gain instant access to the action.
With Travel Saga, Glo reaffirms its dedication to innovation and high-end digital experiences, making top-notch gaming easily accessible to its customers. The game offers uninterrupted action, adventure, and competition, all smoothly supported by the Glo network.
SHELT, a leading cybersecurity-as-a-service provider, has earned inclusion in the 2025 MSSP 250, the annual ranking of the world’s top 250 Managed Security Service Providers (MSSPs) by MSSP Alert, a CyberRisk Alliance publication.
SHELT
The list evaluates firms on business performance, service breadth, and industry impact, spotlighting those excelling in growth, operational excellence, and advanced managed security amid rising cyber threats. Selection criteria include annual recurring revenue, profitability, workforce expansion, business growth, and the depth of managed security offerings.
SHELT’s recognition underscores its investments in scalable security operations, threat intelligence, and tailored managed services across multiple regions, enabling clients to navigate complex risk landscapes effectively.
“Being recognised in the MSSP 250 is a meaningful milestone for our team,” stated Youssef Abillama, CEO of SHELT. “It validates our focus on building practical, resilient security services that help organisations manage risk and respond effectively to today’s evolving cyber threats.”
The company hailed the honour as testament to its teams’ dedication and expertise worldwide, reaffirming commitment to enhancing capabilities and delivering trusted cybersecurity solutions.
Meta Platforms, owner of Facebook, has appointed Dina Powell McCormick, a former adviser to President Donald Trump, as its new president and vice chairman, bolstering its leadership amid aggressive AI and infrastructure expansion.
Dina Powell McCormick
The announcement, made on Monday, positions Powell McCormick – who recently stepped down from Meta’s board after eight months – to guide overall strategy, including multi-billion-dollar investments in data centres and global partnerships.
A Goldman Sachs veteran with 16 years in senior roles and prior stints as deputy national security adviser under Trump and in the Bush administration, she brings deep finance and international ties to the role.
Meta CEO Mark Zuckerberg hailed her as “uniquely qualified” for the company’s next growth phase, while President Trump praised the move on Truth Social as a “fantastic choice”.
The hire signals Meta’s efforts to strengthen White House relations, following recent dinners with Trump and U.S. investment pledges worth hundreds of billions
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