Telecom
MTN Loses $4.7Bn in Value after NCC’s Fine

Analysts are of the view that investor perceptions of Nigeria strained over MTN’s $5.2 Billion Penalty as the phone company has lost $4.7 billion in value since news broke on Monday following $1billion mega sanctions slammed on the Company.
The analysts are at lost on the decision by Nigerian authorities to impose a fine on MTN Group Ltd. of more than 20 percent of its market value which implies risks of losing foreign investment in an economy struggling to cope with sliding oil prices, currency restrictions and no finance minister.
“The brazenness of Nigerian authorities to levy such a penalty is attracting attention,” Gareth Brickman, an Africa analyst at ETM Analytics NA LLC in Stamford, Connecticut, said in an e-mailed note to clients on Wednesday. “Investor perceptions of Nigeria have been strained to say the least by policymakers’ management of the naira and the new administrations lack of progress on economic reform.”
NCC, the Nigeria’s telecommunications regulator on Monday fined MTN Nigeria a total of $5.2 billion for failing to disconnect over 5million customers with unregistered SIM cards and incomplete data, causing the shares to post their biggest three-day plunge in Johannesburg since 2008.
Over time, Nigeria remains MTN’s biggest market, where it had 62 million customers by September.
Investors are losing faith in President Muhammadu Buhari, who is yet to name his cabinet five months after taking office.
He has backed foreign-currency controls imposed by the central bank that’s led to an overvalued naira, restricted imports and curbed economic growth in Africa’s biggest oil producer.
The economy grew at its slowest pace this decade at 2.4 percent in the second quarter from a year ago.
Security Concerns
“These kinds of incidents will only add to the checklist of reasons for investors to stay away for the foreseeable future,” said Brickman.
MTN said on Oct. 26 that the penalty relates to the timing of the disconnection of 5.1 million MTN Nigeria subscribers in August and September and is based on a fine of 200,000 naira ($1,005) for each unregistered subscriber.
Yinka David-West, a senior fellow in Information Systems at Lagos Business School, said the stricter rules on registration were aimed at improving security in a country where kidnapping for ransom is rife and the government is struggling to end an insurgency by Boko Haram militants in the northeast.
“This registration exercise started because of a security issue,” she said by phone on Wednesday. “It’s not just about having a database of names and numbers. It’s a tool that is supposed to help fight terrorism, kidnapping, money laundering and all sorts of issues.”
Consequences
Meanwhile, MTN Group Ltd shares fell for a third day in Johannesburg to a three-year low after the company announced that it faces a $5.2 billion fine from the Nigerian telecommunications regulator.
The stock declined 2.6 percent to 155.85 rand by the close in Johannesburg, the lowest since October 2012.
That values the company at 288 billion rand ($21 billion), about 63 billion rand less than the start of the week. Almost 17 million shares were traded on Wednesday, or more than twice the three-month daily average.
“The problem is it’s an open-ended risk,” Grant Cullens, chief executive officer of African Alliance Asset Management Ltd., which manages $1.2 billion in assets, said by phone from Johannesburg. The fine “could end up being a huge number and while it may seem out of proportion to the share price, it’s that overhang risk that will be dominating sentiment.”
Telecom
NCC Retains Rudman as Chair of Newly Inaugurated IPv6 Council Board, Urges Advancement of 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.
Telecom
MTN, ALTON, Upperlink, NiRA back 2026 Nigeria DigitalSENSE forum, awards

Leading telecommunications, technology, and internet governance stakeholders have thrown their weight behind the 16th milestone edition of the annual Nigeria DigitalSENSE Forum (NDSF) on Internet Governance for Development (IG4D), scheduled to hold on Thursday, June 11, 2026, at the Welcome Centre Hotels, Ikeja-Lagos.

The high-profile convergence, organized by pioneer tech-media firm ITREALMS Media and hosted by DigitalSENSE Africa (DSA); an ICANN-certified At-Large Structure, will center its discourse on the national theme: “Sustaining WSIS Vision with Multistakeholder Synergy in Nigeria.”
Confirming their corporate backing and institutional participation are industry giants including ICT infrastructure leader MTN Nigeria; the Association of Licensed Telecoms Operators of Nigeria (ALTON); premier software and DNS infrastructure firm Upperlink Limited; and the Nigeria Internet Registration Association (NiRA).
Speaking on the preparations, the Lead Convener of NDSF and Group Executive Editor of ITREALMS Media Group, Ogbuefi Remmy Nweke, KSM, stated that the 2026 forum marks a crucial trajectory in examining how local multi-stakeholder synergy can sustain the World Summit on the Information Society (WSIS) frameworks to accelerate Nigeria’s digital public infrastructure (DPI) and domain economy.
“We are delighted to have the robust support of critical ecosystem drivers like MTN, ALTON, Upperlink, and NiRA. Their participation underscores the vital importance of multi-stakeholder dialogue in addressing contemporary policy, infrastructure growth, digital rights, and the transition into more advanced, secure digital spaces,” Nweke said.
A major highlight of this year’s forum will be that it will hold under the distinguished chairmanship of industry veteran, Dr. Olusola Teniola (hon), as approved by the Board of Directorate and the Central Committee. Under his chairmanship, the forum will also feature the presentation of the prestigious DigitalSENSE Africa 2026 awards to distinguished players in the ecosystem and corporate technology landscape across the continent.
The forum’s comprehensive agenda will feature high-level plenaries and technical sessions led by seasoned industry experts. Key areas of discourse will cut across the role of regulatory organs in the digital economy, bridging innovation gaps, leveraging Digital Public Infrastructure (DPI) for SME growth, digital rights, and data protection.
The organizers have invited additional internet stakeholders, including civil society organizations (CSOs), academia, young innovators, women in tech, and industry professionals, to maximize the networking and advocacy windows presented by this 16th edition.
With corporate sponsorship tiers spanning Platinum, Gold, Silver, and Bronze partnerships now actively filling up, corporate brand materials and production collaterals are expected to reach the NDSF secretariat on or before Thursday, June 4, 2026, to guarantee technical alignment.
Telecom
NCC Expands IPv6 Board with the Appointment of Olusola Teniola, Funke Opeke Others

Olusola Teniola, ipNX Director has been named to the newly inaugurated IPv6 Council Board by the Nigerian Communications Commission (NCC), as part of a broader industry effort to accelerate Nigeria’s transition to Internet Protocol version 6 (IPv6).

The inauguration, which took place in Ikeja, Lagos, underscores the Commission’s renewed commitment to accelerating Nigeria’s transition to Internet Protocol version 6 (IPv6), a critical enabler of the country’s digital future.
Mr. Teniola joins a distinguished group of industry leaders, including Funke Opeke, Muhammed Rudman (Chairman), Chris Uwaje (Vice Chairman), Mary Uduma, Gbenga Adebayo, Lanre Ajayi, and Latif Ladid, alongside representatives from key regulatory and government institutions.
Speaking on his appointment, Teniola expressed appreciation to the NCC for the opportunity to serve and reiterated the importance of collaborative action in driving Nigeria’s digital transformation.
“The transition to IPv6 is no longer a future consideration; it is an immediate priority for Nigeria’s digital economy. As data consumption grows and emerging technologies such as 5G, IoT, and AI become more pervasive, we must ensure that our underlying infrastructure is scalable, secure, and globally competitive,” he said.
He further emphasized that achieving meaningful IPv6 adoption will require strong alignment across stakeholders, including telecom operators, internet service providers, enterprises, academia, and government.
“This is a collective responsibility. We must invest in capacity building, drive awareness, and create the right policy and regulatory environment to accelerate adoption. Nigeria cannot afford to lag behind in an increasingly connected world.”
The IPv6 Council Board has been tasked with developing and overseeing the implementation of a national IPv6 strategy, monitoring progress, and providing periodic updates on adoption levels across the country. The Council will also play a key role in addressing infrastructure challenges, strengthening technical expertise, and recommending policy incentives to support nationwide deployment.
Teniola’s appointment reflects ipNX’s continued commitment to shaping Nigeria’s digital ecosystem and advancing the development of resilient, future-ready network infrastructure across the country.
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