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MTN, Sterling Bank Others Partner on Device Financing Scheme

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L-R: General Manager PayJoy Africa, Dominique Freidl; Group Head, Strategy & Innovation, Sterling Bank Plc, Mr. Shina Atilola; Managing Director, TD Mobile, Mrs. Gozy Ijogun; Sales & Distribution Executive, Mr. Adekunle Adebiyi, Chief Marketing Officer, Mr. Rahul De and Senior Manager Data & Devices, Mr. Abiodun Ajayi, all of MTN Nigeria at the launch of MTN Device Financing Scheme in partnership with PayJoy, Sterling Bank Plc and Samsung Mobile held at Radisson Blu, Victoria Island, Lagos on October 31st, 2018.
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Mtn Nigeria mobile telecommunication Operator, in collaboration with Sterling Bank, TD, Samsung and Payjoy have Unveiled device financing scheme aimed at boosting smart phone penetration in the country.

 

Mrs. Gozy Ijogun, Managing Director, TD Mobile, speaking at the event said that the aim of the partnership is to make smartphone acquisition easy and convenient for Nigerians through our Device Financing Scheme, also known as Pay Small Small.

 

She stated that with TD’s agility, millions of Nigerians are assured of the constant availability of smartphones at multiple locations and MTN stores nationwide.

 

She added that collaboration will not only empower more Nigerians to own devices that were hitherto out of their reach, but will also boost smartphone penetration in Nigeria.

 

Ijogun said that MTN was able to come into the partnership because of its deep understanding of consumer needs and aspirations across all demographics.

 

According to her, “As you are all aware, MTN Nigeria is a dominant and leading player in the mobile telephony industry with well over 50 million subscribers and counting.

 

“Despite its enviable position in the market today, the brand continues to lead in product innovation and service delivery to customers nationwide.

 

“MTN is able to do this because of its deep understanding of consumer needs and aspirations across all demographics.

 

She explained that the revolutionary scheme will give customers opportunity to acquire a smartphone of their choice and pay conveniently over a six-month period with little or no stress.

 

She also lauded Sterling Bank for developing an affordable lending framework to provide loans to Nigerians to acquire smartphones.

 

She added that this easy and convenient way to pay will initially be deployed in 14 MTN stores nationwide and then expanded to cover other key retail outlets.

 

Abiodun Ajayi, Senior Manager, Data and Devices Marketing and Strategy Division, MTN Nigeria said that MTN believes that everyday deserves a connected life, hence the reason for the initiative.

 

He also stated that their aim is to bridge the affordability gap which is occasioned by poor access to credit, thereby making asset acquisition quite difficult for the average Nigerian.

 

He added that they want to bring more people to explore the digital world which most people in Nigeria and other emerging markets could not afford because they do not have access to a smart phone.

 

Ajayi said that this partnership with Samsung will avail customers the opportunity to pay as little as seven thousand down payment and they will walk away with a Samsung smartphone device.

 

He explained that Payjoy role in the partnership is to provide security to the device.

 

He added that customers will enjoy one year insurance cover for the device in case if it gets loss.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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MTN @ Swish Fusion Summit, Showcases 5G Rollout Strategy

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MTN Nigeria Communications Plc has joined other professionals across media, technology, and business gathered in Lagos for the Swish Fusion Tech and Media Summit.

MTN @ Swish Fusion Summit, Showcases 5G Rollout Strategy

Themed ‘Africa: Big Wins & New Breaks’, the summit drew thousands of attendees and featured more than 40 speakers exploring the intersection of innovation, regulation, and economic growth across the continent.

Among the sessions, MTN Nigeria presented a detailed look at the company’s ongoing 5G deployment efforts and its role in shaping enterprise infrastructure.

Njideka Jack, senior manager for Partnerships in MTN’s Enterprise Business Division,  shared details of the investments, reiterating the company’s commitment to delivering high-quality 5G-powered services.

The company’s 5G rollout timeline began in 2022 with license acquisition from the Nigerian Communications Commission. In 2023, MTN moved into pilot testing and infrastructure investment.

By 2024, coverage had expanded to key cities and business hubs.

The company now plans to extend access to more underserved areas throughout 2025 while deepening collaboration with OEMs and regulators.

Beyond the rollout itself, Jack also spoke on the potential of private 5G networks for Nigerian enterprises.

With the ability to offer secure, high-speed, low-latency connectivity, these networks are increasingly being adopted in manufacturing, healthcare, education, and logistics sectors.

The summit’s broader agenda reflected a similar sense of urgency around Africa’s digital future.

Panels and breakout sessions tackled topics ranging from mobile-first product design and regulatory frameworks to the rise of AI in content creation and the realities of funding early-stage tech ventures on the continent.

Speakers from companies like Jumia, Stears and local startups provided perspectives on both the barriers and breakthroughs in building scalable African solutions.

The sessions also sparked conversations about how African businesses are adapting to consumer behaviour shifts and infrastructure limitations.


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PAT Taps Osi as CEO

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Pan African Towers (PAT), a Nigerian infrastructure provider serving 9mobile and Spectranet, has appointed Echezona Osi as chief executive officer.

PAT Taps Osi as CEO

Echezona Osi

Adefolarin Ogunsanya, company’s, board chairman,  explained in a statement that Osi would succeed Oladipo Badru, whose tenure lasted nine months in acting CEO position. Osi has more than 28 years of experience in the telecommunications sector across various regions of Africa.

Prior to his appointment as CEO, he had served as the head of network deployment at Airtel Nigeria, operations director and chief technical information officer at MIC Tanzania, chief technology officer roles at IPT PowerTech Nigeria, Rhino Niger Networks and Biswal Nigeria.

He obtained a degree in electrical/ electronic engineering from the University of Benin and a postgraduate diploma in data science and business analytics from the University of Texas.


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NCC Introduces N10m Licence Fee for Bulk SMS Service

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Companies sending bulk international text messages, also known as Application-to-Person (A2P) messages, will now have apply for a licence that costs N10 million.

NCC Introduces N10m Licence Fee for Bulk SMS Service

This is part of new rules introduced by the Nigerian Communications Commission (NCC) aimed at cleaning up the system, fighting fraud, blocking spam messages and stopping money from leaving the country unchecked.

These A2P messages are the kind customers get from banks, online stores, hospitals and political campaigns, automated texts sent from apps to their phones.

According to the commission, the bulk international text message system has been poorly regulated, allowing misuse and invasion of privacy.

“The International SMS Service Ecosystem in Nigeria has not been fully brought under regulatory control. It has been observed that the excessive use of the Short Message Service has led to fraud, spam and illegal activities,” the NCC said.

The regulator warned that without action, the problem would worsen as more people use mobile phones and digital services.

To solve this, the NCC is creating a central platform, or gateway, through which all international bulk text messages must pass through.

The agency said this would help to monitor messages in real time, ensure proper fees are paid, and make sure the money stays in Nigeria where it can contribute to the economy.

As part of the incoming change, service providers must follow strict rules, including strong data protection, spam filters, and message encryption.

Also, they must also work with local mobile networks and make sure all messages come from a verified sender

The NCC warned that any message without a proper sender ID will be blocked and not delivered to users.

To protect users from unwanted texts, the new rules say companies must get clear permission before sending any promotional content.

The rule also says people must also be able to choose whether they want to receive such messages or not.

Companies are now required to keep records of all messages for at least six months and must clearly state all charges involved.

The NCC said fees for help requests, cancellations, or service info must be transparent and not include hidden charges.

The commission will issue licences to several providers to encourage healthy competition but may limit new licences if needed.

Only companies that show they can stop fraud and safely deliver messages will be allowed to operate. They must also regularly report their message traffic and finances to the NCC.

It warned that any company that breaks the rules risks getting fined, suspended, or having its licence revoked.

Offences like charging illegal tariffs, ignoring security rules, or avoiding taxes will be punished, the NCC said.

The commission added that the new rules follow the Nigerian Data Protection Act 2023 and support the federal government’s goal of strengthening cybersecurity and controlling Nigeria’s digital space.

The framework will also be reviewed from time to time to keep up with new technology and market trends.


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