Associations decry MTN fines, expert says it is “corporate mugging”
The dust has yet to settle over the recent order given to MTN Nigeria by the Central Bank of Nigeria (CBN) to refund $8.134 billion illegally repatriated between 2007 and 2015; and the allegation of $2 billion tax evasion.
MNOs target 90m Nigerians for financial inclusion by 2020
The quartet of MTN, Globacom, Airtel and 9Mobile are going to deepen financial service inclusion, with commitment to reach 90 million Nigerians by 2020.
Tax enforcements actions impact quality of telecom service, says Adebayo
The growth of the sector has been phenomenal because it has gone from a modest 5, 000 telephone lines with less than 100, 000 analogue mobile phones, less than 50, 000 fixed wireless CDMA and limited mobile telephone lines, to the over 160 million operational GSM lines within 17 years and over 20 per cent broadband penetration.
‘Capital importation may fall further in telecoms sector’
Capital importation of telecommunications companies, which fell by 94 per cent in second quarter, may fall further, if the economy continues its steep fall. Capital importation is divided into three main investment types: Foreign Direct Investment (FDI), Portfolio Investment, and Other Investments, each comprising various sub-categories. The National Bureau of Statistics (NBS) report for…
How heavy taxes, harassments hobble telcos
Nigeria has championed the telecom industry to business and political audiences around the world as the next big thing paved with ease of doing business and other government cushions.
ALTON fumes as Rivers seals 9mobile office over tax
Association of Licensed Telecommunication Operators of Nigeria (ALTON), has decried the unilateral closure of 9mobile Port Harcourt Regional Office by officials of Rivers State Internal Revenue Service (RIRS).
Undersea cables everywhere, no internet for Nigerians
Many Nigerians are still without reliable, fast and affordable broadband internet services; as lack of carrier-neutral; “Right of Way” permits; frequent fibre cuts; and dearth...
ICT sector seeks policy implementation to spur local content
Stakeholders in the information and communications technology (ICT) have called for proper implementation of policies to enhance local content development.The executive orders 003 and 005 signed by the President Muhammed Buhari and the renewed vigour in pursuance of local content development by National Information Technology Development Agency...