PM News Nigeria

ntel launches fastest router in Nigeria, offers free browsing

Kamar Abass, ntel CEO

ntel, Nigeria’s most advanced 4G/LTE network provider, has launched its internet router across its outlets in Lagos and Abuja, Nigeria’s capital. The ZTE Router supports up to 64 concurrent Wi-Fi connections and 4 LAN ports connections. Subscribers who purchase the router alongside one of ntel’s unlimited data plans of N10,000/monthly; N3,000/weekly and N1,000/two days, will […]

MTN flags lower profit, shares decline


MTN Group, Africa’s biggest mobile phone operator, flagged lower first-half profit on Tuesday, blaming a hefty fine in Nigeria and sending its shares sliding nearly 4 percent. On June 10 after months of talks, MTN had agreed to pay a heavily reduced fine of 330 billion naira ($1.2 billion), or a third of the initial […]

Why we reduced MTN’s fine – Minister

Barrister Adebayo Shittu, Nigeria's Communications Minister

Mr Adebayo Shittu, Minister of Communications has disclosed that the $5.2billion fine slammed on telecommunication giant, MTN, was reduced to encourage foreign investments into the country. Shittu disclosed this on Sunday in Ibadan at an award ceremony in honour of Chief Lekan Balogun, the Otun Olubadan of Ibadanland. He said that the Federal Executive Council […]

Fire guts MTN warehouse in Ogba, Ikeja

MTN warehouse at the back of Acme Road on fire Thursday afternoon

Abu Jimoh Mobile telecommunications giant, MTN’s warehouse located off Acme Road, Ogba, Lagos State, has been gutted by fire. The fire which started in the afternoon burnt down parts of the roof of the building. It took two fire service trucks and several police officers to put out the fire and control the crowd. Investigation […]

Microsoft to buy LinkedIn for $26.2bn


Computer software giant, Microsoft Corporation, said it would acquire business-oriented social networking service, LinkedIn Corporation, for 26.2 billion dollars. It said that the move was to seek new growth opportunities for its business productivity tools. Microsoft, once the world’s No. 1 software giant for personal computer (PC), is a multinational technology company, with headquarters in Richmond, […]

MTN agrees to pay Nigeria N330bn fine

Phuthuma Nhleko, chief executive of MTN in South Africa

mtn MTN Group has agreed to pay a reduced fine of 330 billion naira ($1.67 billion) in a settlement with the Nigerian government, it said on Friday, sending shares in the South African telecoms provider soaring. The fine will be paid over three years and is smaller than the $5.2 billion sought by Nigeria last […]

Nigeria is telecom investors’ haven – NCC


The Nigerian Communications Commission (NCC) has assured international and potential investors that Nigeria remains a sure haven for ICT investors with over 107 per cent teledensity for voice segment of telecommunications services already achieved. According to NCC quarterly magazine, Prof. Umar Danbatta, the Executive Vice Chairman of NCC gave this assurance during a panel discussion […]

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