News
MTN Expresses Commitment to Socio-economic Development
Telecommunications giant, MTN Nigeria has reaffirmed its commitment to playing a role in driving socio- economic growth and development in the country.
According to Ahmad Farroukh, the company’s chief executive officer, ‘one of our key objectives when we launched our operation in 2001 was to use telecommunications as a platform to unleash Nigeria’s strong potential for development’.
In providing telecommunications services to over 25 million active subscribers, he said, MTN operation has registered an impact that clearly underscores the wide-ranging economic multiplier nature of investment in telecommunications. The multidimensional impact of our over $5 billion investment in our network rollout includes job creation and the empowerment of thousands of small and medium businesses.
“Today, in addition to over 5000 base stations, MTN has put in place a 5,411 kilometre fibre optic transmission backbone, which is the longest private infrastructure of its kind in Africa. The fibre optics ‘super highway’ is the catalyst for an ICT revolution which will impact the whole of sub-Saharan Africa,” Mr. Farroukh said.
He also revealed that in recognition of customer demand in the busiest commercial hubs of the country, MTN is also erecting metropolitan ‘self healing’ fibre rings across major cities like Lagos, Abuja, Port Harcourt, Kano and Ibadan. The effect of the metropolitan network would be a dramatic improvement in the quality of service and increased robustness of the network in those areas.
Speaking on quality of service, Mr Farroukh said that in 2008 the company achieved an average monthly build rate of 120 base stations, a feat that has remained unsurpassed in Nigeria and indeed the rest of Africa. “We will continuously redouble our efforts to ensure that the growing needs of our country, for quality voice and data services are met in a most satisfactory manner”.
The company plans to invest over N180 billion on its network rollout in 2009. In 2008, it invested approximately N137 billion representing more than 30% of the CAPEX budget allocation for the entire MTN Group which has a footprint in 21 countries in Africa and the Middle East.
Mr. Farroukh also stated that the company would continue to make the necessary investments in telecommunications infrastructure as well as in all levels of government through the payment of tax.
He explained the importance that the company attaches to timely payment of its taxes in order to discharge its own civic responsibilities and to ensure that government receives the necessary resources to meet their own statutory obligations for the common good.
MTN paid approximately N151Billion in VAT and other levies to various agencies of Government during the period of its pioneer status from 2001-6.
‘We believe that tax compliance is key to good corporate citizenship. Indeed in 2008 we paid in excess of N87 Billion and we believe that this figure is a significant contribution to Nigeria’s GDP by a single company”.
It will be recalled that MTN Nigeria won the Lagos State award for the ‘Best corporate compliant company on P.A.Y.E payer’ in 2007 and 2008
The company has won numerous awards for its corporate citizenship, especially in the area of corporate social investment through the MTN Foundation.
Explaining the guiding principles of the MTN Foundation, Mr. Farroukh described corporate social responsibility as an integral part of the company’s business strategy.
He said that MTN through its Foundation would remain focused on implementing high impact corporate social investments across the country. To date, the Foundation which is funded by up to1% Profit after Tax from MTN has 107 project sites in 28 states and the Federal Capital Territory
Farroukh pointed out that the fortunes of the company therefore directly impacts the funds available for social investments, commenting that the company has been able to deploy sizeable funds to numerous initiatives that have improved the lives of numerous Nigerians.
‘Every recharge card that is bought contributes to the improvement of numerous lives. We have our customers to thank for all that we are able to do for the most vulnerable Nigerians through the Foundation,’ said Mr Farroukh.
News
NCC Retains Rudman as Chairman of the Newly Inaugurated IPv6 Council Board, Tasked Them to Advance Nigeria’s Digital Migration

The Nigerian Communications Commission (NCC) has officially inaugurated the new board of the Nigerian Internet Protocol version 6 (IPv6) Council in Ikeja, Lagos. Mr. Muhammed Rudman, Chief Executive Officer of the Internet Exchange Point of Nigeria (IXPN), will continue to serve as Chairman.

This inauguration marks a significant milestone for Nigeria’s telecommunications sector, as global demand for IPv4 now exceeds the available IPv4 address space.
Following the event, Rudman acknowledged the contributions of former board members, including Olusola Teniola (former President, ATCON), Funke Opeke (Founder, MainOne), Mary Uduma (former President, NiRA), and Lanre Ajayi (past President, ATCON), emphasizing that their involvement was instrumental in establishing the nation’s foundational IPv6 migration efforts.
Rudman noted that membership in the IPv6 Council is institution-based. The reconstituted board includes Mr. Muhammed Rudman as Chairman and a representative from the NCC as Co-Chairman. Institutional representatives from NITDA, ATCON, NIRA, ALTON, ISPON, and NgREN serve as board members, with Dr. Chris Uwaje and Prof. Latif Ladid acting as Advisers. This group is responsible for leading the nationwide migration from IPv4 to IPv6.
“The transition to IPv6 is a strategic national priority. It is essential for enabling Nigeria’s digital transformation, economic growth, and global competitiveness. The council’s strategy identifies IPv6 as a primary catalyst for national development, focusing on three pillars: supporting emerging technologies such as 5G and the Internet of Things (IoT), promoting economic diversification, and providing enhanced security and performance compared to legacy solutions such as Network Address Translation (NAT),” Rudman stated.
To achieve these objectives, the council’s action plan is structured around two primary initiatives: awareness-raising and capacity-building. The board will prioritize promoting national awareness of IPv6 through targeted events and workshops, while also providing IPv6 training to network engineers across various operators, including ISPs, telecommunications companies, educational institutions, and financial organizations. These efforts are expected to facilitate the acquisition and deployment of IPv6 throughout Nigerian networks.
The council will develop and oversee the national IPv6 strategy, monitor adoption across sectors, and report regularly to the Federal Government. Additionally, the council will identify technical challenges, strengthen local engineering capacity, and recommend regulatory measures to encourage ISPs, telecommunications operators, academic institutions, and enterprises to upgrade.
With the Nigeria IPv6 Council now operational, local enterprises and network providers are required to upgrade their systems to sustain the nation’s position in the global digital landscape.
News
ALX Broadens AI Training in Africa

Pan-African talent accelerator ALX is expanding its footprint and shifting to a fully self-paced learning model to train and integrate young Africans into the workforce, as the global economy reorganises around artificial intelligence (AI).

Partnering with the MasterCard Foundation, the technology training provider and career accelerator designed to equip African talent, says it enables learners to access tech training for $5 a month.
It emphasises a shift in demographics saying that by 2035, more young Africans will enter the workforce annually.
ALX notes that its model has graduated 347,100 learners, with 63% finding employment within six months. Women represent over half of all graduates. To increase flexibility, the organisation emphasises that learning is now entirely self-paced.
“Learners progress through modular blocks, earning credentials as they go, ensuring that the training fits around their existing responsibilities,” says Shana-Michelle Rabonda, Chief Operating Officer of ALX.
Rabonda adds that global employers are taking notice: “We are building a direct pipeline to the global digital economy. When companies look for elite tech talent, they are looking at Africa.”
Due to this demand, firms such as Absa, Stanbic Bank, MTN, and KPMG now employ between 50 and 180 ALX graduates each. Meanwhile, community entrepreneurs have created over 60,100 jobs through AI startups like Signvrse and Edulga.
With Africa’s AI market projected to grow to $16.5 billion by 2030, ALX operates alongside competitors like Moringa School and GoMyCode to secure mindshare.
“With the right skills and networks, young Africans can seize these opportunities,” Rabonda emphasises. “Africa’s youth should not just be consumers of AI; they should be creators shaping innovations that will define the global economy.”
News
Swift Network Faces Winding-up Battle over Alleged N115m Debt

A Federal High Court sitting in Lagos has ordered the advertisement of a winding-up petition filed against telecommunications service provider, Swift Network Plc, over its alleged inability to settle a debt exceeding N115 million.

The order followed an application filed by Optics and Wireless Limited through its counsel, Bimbo Adebayo-Ogunlaja, urging the court to permit the publication of the winding-up petition instituted against the company.
In the petition, Optics and Wireless Limited alleged that Swift Network Plc is indebted to it in the sum of N115,482,302.88, being the outstanding payment for network devices supplied to the telecommunications firm since April 2024.
The petitioner is also seeking the payment of N70,530,062 as accrued interest arising from a loan facility allegedly obtained to finance the transaction between both parties, as well as general damages for breach of contract.
According to court documents, the dispute arose from a series of transactions carried out between April 2024 and February 2025, during which Swift Network Plc, through its procurement officer, allegedly requested the petitioner to manufacture and supply various network devices based on purchase orders issued by the company.
The petitioner stated that payment for the supplied items was expected either immediately after delivery or within 30 days of supply, but alleged that Swift Network repeatedly failed to honour the agreement despite receiving the products.
Optics and Wireless Limited further claimed that it became apparent after the final order for servers in April 2025 that the respondent was either unwilling or unable to settle the accumulated debt.
The petitioner also informed the court that its solicitors, Messrs Zionla Legal Practitioners & Solicitors, subsequently issued a statutory notice of demand dated December 11, 2025, demanding payment of the outstanding sum and accrued interest.
According to the petitioner, all efforts to recover the debt proved unsuccessful, adding that the situation has exposed the company to serious financial challenges and possible legal action from the bank that allegedly granted it the loan facility used to execute the supply contracts.
Optics and Wireless Limited argued that Swift Network Plc is insolvent and unable to meet its financial obligations, urging the court to wind up the company in line with the provisions of the Companies and Allied Matters Act and the Winding-Up Rules.
Among the reliefs sought, the petitioner asked the court to order that Swift Network Plc be wound up by the court and that any voluntary winding-up process involving the company should continue under the supervision of the court.
Justice Lewis Allagoa subsequently adjourned the matter till July 10 for further hearing.
Telecom3 days agoTelcos Mull Calculator to Address Data Depletion Complaints
General News3 days agoNCDC Says Lagos, FCT, Others on High Ebola Alert
E-Business3 days agoAnthropic Raises $65 Bn to Expand AI Research, Innovation
Telecom2 days agoNCC Expands IPv6 Board with the Appointment of Olusola Teniola, Funke Opeke Others
E-Financial2 days agoNigerian Capital Market to Transition to T+1 Settlement Cycle on Monday
E-Business2 days agoReport Shows Start-ups Fuel Innovations in Africa
E-Business2 days agoNDPC Raises Alarm: Fake News, Data Abuse Could Destroy Nigeria’s 2027 Elections
Telecom2 days agoQNET, Manchester City Host Football Clinic for Young Talents in Ghana












