TECH

CBN Intervenes in Etisalat’s Debt Crisis

  The Central Bank of Nigeria urged the consortium of banks to which Etisalat is indebted to the tune of over $1.2 billion to stop putting pressure on the telecom company. Mr. Godwin Emefiele, CBN Governor, handed the directive yesterday. According to a source: (more…)

TECH

Nigerians Spent $6.6 Billion On Calls and Data in 2016.

  On behalf of Mike Adenuga and South Africa, I say thank you, your money has been fantastic! This was disclosed on Wednesday by Umar Danbatta at the launch of NCC Year of Consumer. According to him, Nigerian subscribers spent $5.6 billion in 2015 and $6.6 billion in 2016 which adds up to $12.2 billion (N3.66trn) in the space of two years. In his words: (more…)

TECH

#NoDataHike We Never Ordered Operators To Raise Data Prices Says Minister Of Communication

Nigeria’s Minister of Communication, Mr Adebayo Shittu, has disclosed that the Federal Government never gave any directive to telecommunications operators in the country to increase prices of data from Thursday, December 1, 2016 as claimed. Since the beginning of this week, Nigerians have continued to kick against messages sent to them via text messages by telecoms operators, informing them that from tomorrow, prices of data would go up and in some cases, by 100 percent. (more…)