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Too Early to Draw Conclusions on Global Recession-Risticevic

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Customers are at the heart of everything at Nokia Siemens Networks, one of the largest telecommunications infrastructure companies in the world. Nokia Siemens is a telecommunications solutions supplier which was created as the result of a merger (by means of a 50-50 joint venture) between Siemens AG’s COM division (minus its Enterprise business unit) and Nokia’s Network Business Group. Nokia Siemens Networks is a leading global enabler of telecommunications services and with its focus on innovation and sustainability, the company provides a complete portfolio of mobile, fixed and converged network technology, as well as professional services including consultancy and systems integration, deployment, maintenance and managed services. Operating in 150 countries, its headquarters are in Espoo, Finland. Mladen Risticevic, Nigeria country director of the company has profound understanding of the country. Risticevic spoke to ken nwogbo on the company’s operation and other industry issues

Global Financial Crisis and Telecom Business in Nigeria
It is difficult to say but I assume it is going to affect several brands. Let us see how it is going to develop but for now, I cannot be absolutely sure because you first have to go back to the operator to see what they are planning as their Capex for the year, and that is how we would see the result on how that sector will go. I think it is too early to draw conclusions now.
On Nokia-Siemens Merger and Strength
The whole idea about the merger is to make the company stronger and become a major player in the telecom industry. From the communication and networking standpoint, the merger was done to turn out the best products to suit the market.
ith that, our aim is to cover the entire telecom sector,  mobile and fixed networks. So, choosing the best products and positioning the company as a serious solution provider are reasons for the merger. You could imagine having 4000 employees, 3000 service specialists operating worldwide in 44 countries. Based on their local experiences, they have been able to know the customers’ problems and find solutions. That is what our company is now, and the way we are looking forward to the future.
Nokia-Siemens’s Broadband without Boundaries
Now we are talking about two different broadband possibilities. The one is on the fixed line and the other is on the mobile. As we know, fixed network is supposed to be used as ADSL connection so that everybody has high-speed Internet; and on the mobile side, we are bringing 3G into the country, introducing mobile TV on the technology and all other aspects. In both fields, we have the perfect solutions, and I would say we are ready to take the market.
How Networks Can Save Energy
If you can go to our sites and see our outdoor equipment, you will find that there is no need for air conditioners, large power generators, that is a perfect example of how our networks can save energy.
Edge over Competition
By choosing the perfect portfolio with a high quality technology, we have been able to carve a niche for ourselves in the industry, and we would continue to improve on what we have on ground as time goes on. Of course, same applies to service. Besides having high quality products, we have crowned them with world-class services to be able to manage networks. In that way, customers have been able to identify us as the best. We have turnkey solutions – it means that we establish and operate our clients’ network at the same time. This ranges from building the site to refilling the customer’s generators with diesel. We have been able to bring in high quality expertise – people who know the job, understand the local market, as well as understand customers’ problems. As long as our customers are satisfied, we are also satisfied.
Turnkey Solutions and Rural Telephony Projects in Nigeria
We have a concept which has been presented to some operators. This is called ‘Village Connection.’ It is a good idea to promote communication in the rural areas, and also enable people living there make a living from it. We are bringing those in the villages onboard our plans since jobs would be created in the process. This goes a long way in improving their lives – not just providing communication facilities but giving them job opportunities as well. That is the magic in it.
Direction this Year in Nigeria
We are trying to be the leader in the industry. Automatically, we are trying to get more customers, supply more operators with our solutions, expand and improve our operations in order to serve our customers better.
Corporate Social Responsibility
Every company operating in any country tends to study the local environment, get acquainted with the people and try to understand how they reason. In every aspect, you have to work closely with every community; otherwise you would be courting trouble. We are a company in this country and are known as Nokia-Siemens Nigeria Limited, so we belong here. We have hundreds of local employees and sub-contractors. If you are working on a project in Port-Harcourt for example, you have to use the sub-contractors within that vicinity. In that way, we have been helping the entire industry to grow, and also improve the standard of life of every Nigerian.
Proliferation of fibre optics and Nokia-Siemens Solution
Yes, but it is up to the operators to decide on what to do. I cannot interfere with anyone’s business or force somebody to adopt our solutions, whereas they might have other plans. Our solutions are phenomenal and speak for themselves. Again, it is also up to the regulator to put something on ground that everyone has to follow.


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CBN Pulls Rate Cut Trigger, King Dollar Returns

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By Lukman Otunuga, Senior Research Analyst at FXTM,

In a move that caught investors off-guard this week, the Central Bank of Nigeria (CBN) slashed interest rates by 100 basis points bringing the MPR to 11.5%. Given how inflation has been above target since 2015, rates were expected to remain unchanged for the rest of 2020 and possibly early 2021.

 

The question on the mind of many is whether the rate cut will achieve the desired effect by stimulating consumption and economic growth? Ongoing border closures and disruptions created by COVID-19 have pushed inflation to levels not seen since March 2018 above 13.20% while a drop in the production and price of Oil continues to rub salt into the wound. While looser monetary policy could support growth, it may come at the cost of rising inflation and weaker Naira.

 

Over the past few months, central banks across the globe have deployed unprecedented measures to defend their respective economies against the coronavirus menace. However, fiscal policy has been identified as the sharper tool with governments across the world providing a critical lifeline to keep the wheels of their respective economies rolling.

 

Outside of Nigeria, King Dollar made a return by appreciating against every single G10 currency. In times of uncertainty, everyone wants a juicy piece of the world’s most liquid currency. As coronavirus cases rise in Europe and other parts of the world, the flight to safety is likely to boost appetite for the Dollar. This is bad news for many emerging markets currencies, especially those with high Dollar-denominated debt.

 

On the commodity side, Oil prices remain heavily influenced by demand-side factors and the state of the global economy. Prices are likely to remain stuck around the $40 regions in the near term, especially If another round of possible lockdowns hit Oil demand. Looking at the technicals, WTI Crude is under pressure on the daily charts. If prices are unable to break away from the sticky $40 regions, the next key point of interest remains around $38. A weekly close above $41.50 could pave a path towards $43.


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NCC Arrests Man for Hacking into DSTV System

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Nigeria Copyright Commission (NCC), has arrested one Mr Aliu Olalekan, for allegedly hacking into DSTV system and watching the channels free without subscription.

NCC Arrests Man for Hacking into DSTV System

Mr Matthew Ojo, NCC Director in the Lagos Directorate Office said this while speaking with newsmen in Lagos, on Tuesday.

He said that the suspect used to watch DSTV channels free without subscription on his Android phone via an app which he downloaded on google play store.

“This suspect distributed the know-how to his telegram followers and on his blog with the aim of gaining more followers and viewership on his blog and makes more money through google ad-sense.

“The operation was based on surveillance which had earlier been carried out by the Multi-choice team and verified by a copyright inspector, ” he said.

He added that the arrest was made in collaboration with a team of copyright inspectors led by the Head of Enforcement Department, Mr Charles Amudipe.

Others included; a team from Multichoice Nigeria led by Mr Umar Ibrahim and policemen from Lagos Command Headquarters, Ikeja.

Ojo said that the joint team conducted an anti-piracy operation at the premises of the culprit in Amukoko, Lagos.

According to him, the suspect was contacted on phone by a member of the operation team on the disguise of patronising him. “The suspect came out to meet the caller and in the process of discussion, he was apprehended.

“The suspect took the team to his resident. The squad paraded his one-room apartment and recovered his laptop and phones used in perpetrating the ungodly act. “He was arrested and brought to the copyright commission office for further investigation, ” he said.

Ojo said that, on getting to the commission’s office, the statement of the suspect was taken and the inventory of items seized from him taken. He said that investigation on the matter was still ongoing and if found guilty the suspect will be charged to court.

 


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NCC, Digital Encode Support NITRA Innovative Tech Forum On Post-COVID-19 Strategies

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The Nigerian Communications Commission (NCC), Nigeria’s telecommunications regulator and Digital Encode, Cybersecurity and Compliance advisory company, have indicated interest to partner with the Nigeria Information Technology Reporters Association (NITRA), the national umbrella body of ICT reporters, as it organizes a forum that will x-ray the industry’s future plans for ICT growth post pandemic era.

 

The event, slated to hold on October 15, 2020, will seek to discuss the needs for a fortified ICT sector after the COVID-19 era, and the level of preparedness of ICT stakeholders to embrace the challenge of being pivotal to the stability and growth of all other sectors.

 

A statement from NITRA National Secretariat in Lagos indicates that due to the pandemic and need to observe the COVID-19 protocol on social distancing, the event will be held via a Webinar.

 

This year’s theme, “Multi-stakeholder Approach To National Recovery Post-Pandemic”, is in line with the annual event’s generic theme, ‘NITRA Innovative Tech Forum’, a contribution by NITRA to the development of Information and Communication Technologies (ICTs) innovations and policies in Nigeria.

 

Prof. Umar Danbatta, executive vice chairman, NCC is expected to deliver the keynote speech at the event and will throw more light on Federal Government’s plans, programmes and policies on post-pandemic strategies using ICT.

 

Dr. Adewale Obadare and Dr. Seyi Akindeinde, founders of Digital Encode, while accepting to support the event expressed their readiness to offer their expertise in Cybersecurity for organisations to prepare against cyber- attacks with the new normal.

 

They will also highlight areas that are high risks that need fortification in terms of cybersecurity.

 

Speaking on the event, Mr. Chike Onwuegbuchi, national chairman, NITRA, noted that as the COVID-19 pandemic continues to leave its negative trails across the globe, economic reboot for countries will not only depend on how well they readapt to the new normal, but also more on their recovery plans.

 

According to him: “While the federal government has consistently expressed its willingness to set all policies in place to engender growth, and accelerated implementation of these policies, private sector firms have also shown great hunger for the task ahead in post-COVID-19 era.

 

However, the question that needs to be answered is whether all stakeholders are ready for the required task ahead.”

 

The event will also offer participating companies opportunities to publicize some of their individual efforts at contributing to reacting a soft landing or lifeline for SMEs and other ancillary companies as the pandemic threatens their survival.

 

Digital Encode is a multi-award winning and leading consulting and integration firm that specializes in the design, management, and security of business-critical networks, telecommunications environments and other Information Technology (IT) infrastructures.

 


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