Belintersat-1 launched, NIGCOMSAT to provide specialised services Nigeria is negotiating with China on possible new satellites for Nigeria Communication Satellite limited (NIGCOMSAT) and support for its ground station improvement. NIGCOMSAT is the Nigerian Satellite Communication Company and Operator of NigComSat-1R Satellite under the supervision of the Ministry of Communications. In a bid to further develop the telecommunications industry in Nigeria as well as attract investors, Minister of Communications, Barrister Adebayo Shittu, led a delegation to China. The visit coincided with the launch of Belintersat-1 Satellite by the China Great Wall Industry Corporation (CGWIC), which NIGCOMSAT will be providing In-orbit Testing Services (IoT), and Spectrum Management Services (SMS)...
The House of Representatives, on Thursday, December 3, ordered a comprehensive investigation into the liquidation and takeover of the, by a consortium called NATCOM for the sum of $242.3 million. The Lower Chamber expressed concern about the processes leading to the sales, particularly about the alleged under-valuation of the companies prior to their sales, among other concerns. Consequently, the lawmakers mandated the House Standing Committees on Telecommunications and Privatization to carry out the investigation and report back to the House within eight weeks for further legislative action. The resolution was sequel to the unanimous adoption of a motion tagged “Call for Investigation of the Sales of Nigerian Telecommunications and Mobile Telecommunication (MTEL) to NATCOM” spons
The Nigerian Communications Commission (NCC) has finally agreed to reduce MTN’s fine from $5.2 billion to $3.4 billion. According to BDLive online news, MTN is expected to pay the reduced fine not later than December 31 this year. NCC, it was gathered, has communicated MTN on the decision of the commission to reduce the fine. MTN said on Thursday that it had received the formal letter from the commission on Wednesday and was "carefully considering" a reply. "The executive chairman, Phuthuma Nhleko, will immediately and urgently re-engage with the Nigerian authorities before responding formally, as it is essential for the company to follow due process to ensure the best outcome," the company said. NCC had in October this year, fined MTN a whooping $5.2 billion (N1.04 trillio
Africa's biggest telecommunications company is locked in a nasty battle in powerful Nigeria, with billions of dollars at stake. MTN Nigeria, MTN Group's subsidiary here, was fined $5.2 billion for failing to meet an August deadline to deactivate 5.2 million unregistered cellphone SIM cards — considered a security threat with Nigeria confronted by an Islamic uprising and rampant kidnappings and armed robberies. The fine amounts to nearly two years' profits for MTN Nigeria, by far the company's most profitable subsidiary. It also equals nearly a quarter the national budget of Nigeria, which has been hammered by the global plunge in oil prices. Nigeria is Africa's biggest oil producer and President Muhammadu Buhari, who was elected this year, says he inherited depleted coffers as he str