Tag: Operators
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Anxiety over Naira’s free fall, now exchanges for N525/$1 at parallel market
Following the Central Bank of Nigeria’s decision to ban foreign exchange sales to Bureau De Change (BDC) operators in the country, Nigeria’s naira has continued to experience a sharp loss to the dollar. As of yesterday, July 28, black market dealers were selling the naira at ₦525 per dollar up from N505 to $1 on…
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NCC reacts to reports of allocating 383 million new cellphone numbers to operators
The Nigerian Communications Commission (NCC) has debunked allegations of allocating 383 million new cellphone numbers to operators in the first quarter of 2021. In a statement, the commission said a national daily wrongly interpreted an update report on National Numbering Plan, posted by the Commission on its official website. The Director of Public Affairs, NCC,…
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Telecoms: Regulatory lessons from Teribogo – Okoh Aihe
Okoh Aihe Even Teribogo, the mutative character in Wole Soyinka’s Chronicles of the Happiest People on Earth, knows that to survive in a country in convoluting decadence like Nigeria, one must adjust on-the-go to fit into the prevailing colours of the times and build up enough cash and connections to last beyond a life time.…
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FRSC commences nationwide clampdown on tricycle, motorcycle operators
…over 1750 arrested The Federal Road Safety Corps (FRSC) said about 1750 tricycle and motorcycle operators have been arrested as the clampdown on operators without class A license and number plates begins nationwide on Wednesday. The Corps Public Education Officer Bisi Kazeem, who disclosed this in a statement on Saturday, said 18 states namely Kaduna,…
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Nigeria@59: Operators share lows, highs of Nigerian Capital Market
Ahead of the country’s independence anniversary on Oct. 1, Nigerian capital market operators have identified some highs and lows of the market as the nation turns 59. They spoke in separate interviews with the News Agency of Nigeria (NAN) on Saturday in Lagos, while reviewing Nigeria’s capital market performance over the years. Prof. Sheriffdeen Tella,…
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Operators seek FG intervention in SEC, Oando saga
Capital market operators on Wednesday called for urgent intervention of the Federal Government in the conflict between the Securities and Exchange Commission (SEC) and Oando Plc. They made the call in interviews with the News Agency of Nigeria (NAN) in Lagos. They reacted to the outcome of a forensic audit on Oando released by SEC…
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Telecom operators give reasons for network interruption
Telecom operators on Saturday blamed intermittent interruptions on network on vandalism of base stations, destruction of optic fibre, high forex and shutting of base stations by government agencies. The President of Association of Telecom Companies of Nigeria (ATCON), Mr Olusola Teniola, made the attribution in an interview with the News Agency of Nigeria in Lagos.…
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Reps to investigate 19 lottery operators
The House of Representatives on Wednesday mandated its Committee on Governmental Affairs to investigate the activities of licensed lottery operators from 2000 to date with a view to ensuring that tax defaulters among them are made to pay promptly. This followed the adoption of a motion by Hon. Abdulrazak Namdas, who noted that out of…