Telecom
Nitel Creditors Petition FRCN, PACAC over Liquidator

Creditors have dragged the appointed liquidator for Nitel/Mtel, Otunba Olutola Senbore, before the Financial Reporting Council of Nigeria (FRCN) and the Presidential Advisory Committee Against Corruption (PACAC).
In a petition, signed by a representative of the creditors, Mr. Sebagen Henry Noboh and dated October 20, 2016, the complainants decried what they considered lack of accountability in the payment of their claims.
According to them, the Liquidator has paid only 16.5 percent of the amount stated in his offer letters to individual creditors, leaving a balance of 83.5 unaccounted for. The offer letters, dated May 12, 2015 were personally signed by the Liquidator.
They added that the 16.5 percent was paid to them in two installments of 15 percent in May 2015; and 1.5 percent in July 2016, an interval of 14 months.
At issue is the N51, 648, 643, 000 proceeds from the sale of the core assets of Nitel/Mtel to Natcom Consortium for $252.25 million by the last administration.
The Consortium had fully paid up since March 2015, but the creditors are still struggling to get their money from the Liquidator, more than 18 months after he received the money.
The Liquidator had fixed the amounts payable to each of the about 300 creditors based on available funds, in line with the provisions of the Companies and Allied Matters Act (CAMA) 1990.
One of the issues raised was the decision of the Liquidator to be paying them in piecemeal, stating that it was in clear violation of provisions of the CAMA Act.
They expressed fears about the safety of the funds and the probability of the Liquidator releasing the 83.5 percent balance without intervention from the relevant monitoring agencies.
Also affected are the various consultants to the creditors whose cheque the Liquidator has refused to release, despite legally contracted agreement documents said to be in his possession.
The petition added, “We urgently seek the intervention of the FRCN for independent examination of the Liquidator’s account records, because he has remained evasive since July.
“We also believe that the outcome of PACAC’s investigation might give President Muhammadu Buhari a clue into certain tendencies that have cast doubts on the credibility of the exercise.
“Findings by the two bodies may as well form the basis for appropriate follow-up action with the relevant economic and financial crime law enforcement agencies.
“For now, we can only appeal to FRCN and PACAC to expedite action on this matter before it is too late. We are afraid the safety of the funds in custody of the Liquidator is highly threatened”.
Telecom
New Investment Fund Targets Acceleration of Emerging Technology in Nigeria

The International Rescue Committee (IRC) has announced the formation of Airbel Ventures, a new humanitarian impact investing fund aimed at accelerating the introduction and scaling of breakthrough technologies in crisis-affected communities.

The fund will invest in companies whose ideas have the potential to change humanitarian response, including digital infrastructure for frontline health systems and climate-resilient agriculture.
The launch of Airbel Ventures follows a period of rapid innovation at the IRC, despite the humanitarian sector facing record funding cuts.
In the past year, the IRC’s Airbel Impact Lab has advanced more than twenty Artificial Intelligence (AI) and technology initiatives—from anticipatory action tools powered by climate and vulnerability data, to frontline service delivery using safe, orchestrated AI systems, to breakthrough diagnostic tools for emerging diseases.
Airbel Ventures’ first impact investment is in Signalytic, a company delivering solar-powered computing devices that ensure reliable electricity and connectivity for remote health facilities.
Following the investment, the IRC will pilot Signalytic’s technology with its Nigeria Health team, demonstrating the viability of next-generation digital infrastructure in humanitarian settings.
“We know breakthrough solutions already exist—what’s missing is the path to scale in humanitarian contexts,” said Dr. Jeannie Annan, Senior Vice President for Research & Innovation at the IRC and head of the Airbel Impact Lab.
Telecom
MTN Nigeria Suffers 9,218 Fibre Cuts in 2025 as Vandalism, Theft Cripple Network

MTN Nigeria, the country’s largest telecommunications operator, recorded a historic surge in network disruptions in 2025, suffering 9,218 fibre cuts as of December 31, alongside 211 base station sites affected by theft and vandalism, incidents that disrupted mobile and data services relied upon daily by millions of Nigerians.

The data was revealed by Dr Karl Toriola, chief executive officer/managing director, MTN Nigeria via a social media post titled ‘MTN Nigeria 2025 Wrapped’.
The scale of the damage highlights the growing vulnerability of Nigeria’s telecommunications infrastructure, which has come under increasing pressure from road construction activities, cable theft and deliberate acts of vandalism.
MTN said 5,478 fibre cuts occurred within just the first seven months of 2025, with 760 incidents recorded in July alone, underscoring the intensity of the challenge.
Some of the incidents had wide-ranging consequences, knocking out connectivity across multiple states simultaneously and affecting voice calls, data services, digital payments and enterprise operations.
The company described the situation as a national infrastructure problem, rather than an isolated corporate issue, given the economy’s deep dependence on mobile networks.
“These gaps were shaped by real operational challenges such as fibre cuts, theft, and vandalism. Their impact is felt directly by customers and reflected in what they tell us,” Toriola,
The disruptions were reflected in customer feedback volumes, as MTN handled an unprecedented number of complaints during the year. The operator said it resolved 1,624,263 customer complaints in 2025, spanning call centres, social media platforms, emails and physical service centres nationwide.
Despite the setbacks, MTN pointed to signs of operational resilience. The company retained its ranking as Nigeria’s best network by Ookla, returned to profitability after a challenging period, declared an interim dividend, and expanded its subscriber base to over 85 million users by September 2025.
The figures show that while Nigeria’s telecom operators continue to invest heavily in network expansion and customer service, infrastructure sabotage remains a major drag on service quality and operating costs.
MTN acknowledged that performance improvements remain a work in progress. “We are not where we want to be yet. We see you. We hear you. We exist because of you. And we will get better,” Toriola said.
As the company enters its 25th year of operations in Nigeria, Toriola said MTN is doubling down on customer-centricity, treating every piece of feedback as a guide for improvement, while also stepping up engagement with government agencies.
The CEO renewed calls for stronger regulatory and legal protections for telecommunications infrastructure, urging policymakers to classify fibre cables, base stations and other critical assets as national infrastructure and criminalise vandalism to deter repeat attacks.
Telecom
NCC Licences Six New ISPs to Challenge Telcos, Satellite Giants

Nigerian Communications Commission (NCC) has granted operating licences to six new Internet Service Providers (ISPs), effective January 1, 2026, raising the total number of authorised ISPs in the country to 231 from 225 recorded in December 2025.

NCC
The newly licensed firms are Intellvision Technologies Limited, Granet Technologies Limited, Fiber Sonic Limited, Dasol Solution Services Ltd, Boost ISP Limited, and Amazon Kuiper Nigeria Limited.
Five of these companies are headquartered in Lagos, while Granet Technologies Limited operates from Owerri in Imo State, highlighting the persistent concentration of broadband infrastructure in major commercial hubs like Lagos, Abuja, and Port Harcourt.
This development intensifies competition in Nigeria’s broadband market, which faces pressure from dominant mobile network operators such as MTN and Airtel, alongside rapid expansion by satellite providers like Starlink.
Traditional ISPs continue to grapple with shrinking customer bases, aggressive data pricing from telcos, and satellite disruptions, even as NCC data from Q2 2025 showed Spectranet, Starlink, and FibreOne controlling about 65 per cent of the 313,713 active ISP subscribers.
The inclusion of Amazon Kuiper Nigeria Limited marks a significant entry of global satellite broadband competition, building on Nigeria’s recent approvals for other low Earth orbit providers to enhance connectivity in underserved areas.
Industry analysts view the licences as a strategic push to improve internet quality amid rising demand for digital services, though geographic clustering underscores ongoing infrastructure challenges outside urban centres.
NCC’s move aligns with broader efforts to foster a competitive telecoms sector critical to Nigeria’s digital economy ambitions.
E-Financial2 days agoFirst Asset Management Receives Upgraded Ratings from Agusto &Co and DataPro
News2 days agoAnambra Cuts Monday Pay to Kill Sit-at-Home
News2 days agoLIRS to Invoke NTAA to Recover Unpaid Taxes from Bank Accounts, Others
General News2 days agoNigeria Treats Religious Violence as Attack on State – NSA Ribadu
E-Financial2 days agoCBN Prepares Fresh Debit Card Rules to Improve ATM Services
E-Financial2 days agoNIBSS, Others Flag 13,417 Nigerian Fraudsters on Person of Interest Portal
News19 hours agoTech Executives Double Down on AI, Talent and Adaptive Strategies to Lead in the Intelligence Age
E-Financial19 hours agoNIBBS to Boost Financial Inclusion with Offline Payment Solutions











