Senate probes four banks over alleged MTN’s transfer of  $13.9B

Senate probes four banks over alleged MTN’s transfer of $13.9B

The Senate has   directed its Committee on Banking, Insurance and Other Financial Institutions to investigate the alleged illegal repatriation of $13.9 billion to South Africa by MTN through its bankers between 2006 and 2016.   The probe is also expected...
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‘The Internet of Things’ will change the World, says Imudia, ALCATEL Regional Director

‘The Internet of Things’ will change the World, says Imudia, ALCATEL Regional Director

The Internet of Things – an ecosystem of smart, connected devices and sensors that talk to each other and take independent, automated action – is here and will become a part of our everyday lives within the next two to...
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FG bans Samsung Galaxy Note 7 on airlines

FG bans Samsung Galaxy Note 7 on airlines

The Nigerian Civil Aviation Authority, NCAA, has directed passengers not to turn on or charge their Samsung Galaxy Note 7 devices on board aircraft following recent incidents and concerns raised by its manufacturers.   The aviation regulatory body gave the...
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NCC to sanction Globacom

NCC to sanction Globacom

(NAN) The Nigerian Communications Commission (NCC) is to sanction Globacom for not adhering to the 10 per cent threshold for interconnect traffic by telecom companies. This is contained in the organisation’s 2016 Q1 Compliance Monitoring and Enforcement Repo...
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Samsung loses $44 Billion of value

Samsung loses $44 Billion of value

(BLOOMBERG) Tepid demand for Samsung Electronics Co.’s newest Galaxy smartphones triggered a fifth straight monthly decline for the electronics maker, wiping out about $44 billion in market value since April. Shares of the world’s biggest smartphone vendor...
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‘Samsung Galaxy Note 7 too dangerous to use’

‘Samsung Galaxy Note 7 too dangerous to use’

The U.S. Consumer Product Safety Commission says owners of the  Galaxy Note 7 smartphones should turn them off and stop using them because of the risk that their batteries can explode. The agency also says it’s working with Samsung on an...
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TUC faults proposed 9% hike on telephone calls, SMS, others

TUC faults proposed 9% hike on telephone calls, SMS, others

The Trade Union Congress of Nigeria (TUC) has condemned Federal Government’s proposed imposition of Communication Service Tax (CST) “as recently mooted by the Minister of Communication, Mr. Adebayo Shittu”.    TUC in statement issued by Its President B...
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NCC remits N70b into federation account

NCC remits N70b into federation account

Between December 2015 and March 2016, the Nigerian Communications Commission (NCC), remitted N70 billion into the federation account.  The amount according to a statement issued by the commission is in addition to the N30 billion paid by MTN Nigeria Communica...
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Reps insist on compulsory listing of telecomms, oil & gas firms

Reps insist on compulsory listing of telecomms, oil & gas firms

The Speaker, House of Representatives, Mr Yakubu Dogara  has reiterated the  commitment of lawmakers to pass laws to compel multinational oil and gas companies as well as telecommunication firms doing business in Nigeria to list their shares on the floor...
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MTN to pay N780b, not N647b, says NCC

MTN to pay N780b, not N647b, says NCC

The Nigerian Communications Commission has clarified that the fine of N1.04trillion  imposed on the MTN Group was reduced by 25 per cent, and not 35 per cent as initially reported. According to NCC, the company will now have to pay...
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