Citi Business News

Category: TECHNOLOGY

  • MTN fine slashed by $1.8bn as Nigeria CEO quits

    MTN fine slashed by $1.8bn as Nigeria CEO quits

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    Africa’s biggest mobile network MTN has announced that its Nigerian chief executive officer has resigned amid a multi-billion dollar fine in that country. [contextly_sidebar id=”BEeq82bkNHTSTvw4BwZyIyYHuDYfCPO3″]The company announced in a statement on Thursday morning that Michael Ikpoki, its Nigerian CEO, has handed in his resignation with immediate effect. MTN Nigeria’s head of regulatory and corporate affairs,…

  • MTN wins 4G spectrum auction

    MTN wins 4G spectrum auction

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    Scancom Limited (MTN) has emerged as the winner in the auction process for one frequency spectrum lot in the 800 MHz Band for mobile services. [contextly_sidebar id=”F5KNqudlW2BIWsQu9LMVkQL6JOBiYHGQ”]The auction process which begun in May this year was finalized today. A statement from the National Communications Authority (NCA) on the matter said Scancom has been provisionally awarded…

  • Gov’t shoots down ICT Chamber’s demands

    Gov’t shoots down ICT Chamber’s demands

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    Government has shot down demands being made by the ICT Chamber for the National Communications Authority (NCA) to only allow Ghanaian companies to auction for the 800 MHZ spectrum license. [contextly_sidebar id=”wCWYQ3DLYppeMB038sdoEUGBgrGQejI6″]Communications Minister, Dr. Omane Boamah, responding to the ICT Chamber’s demands said though ‘government will support Ghanaian companies, it will not go to the…

  • Massive resignations hit Glo Ghana

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    Nigerian telecom operator in Ghana Glo has been hit with massive resignations of its staff after the company begun shutting a number of its outlets across the country. [contextly_sidebar id=”DqRhRoe7KgThN1afHKfZigyIo5qC5Iqi”]The company has closed about 15 out of its 25 outlets across the country. Citi Business News has also gathered most of the staff who have…

  • MTN hit with more fines in Nigeria

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    Apart from facing a $5.2bn fine in Nigeria, mobile network MTN has this year already paid millions of rands in other penalties, according to regulators. [contextly_sidebar id=”UFNKTTfCa8YJeaMCpy57gJ94i2uouf0T”]MTN announced in October that it’s been fined $5.2bn by the Nigerian Communications Commission (NCC) for failing to disconnect up to five million unregistered SIM cards in that country.…

  • Nigeria’s $5.2bn fine against MTN is ‘world’s largest’

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    Nigeria’s fine of $5.2bn to MTN, Africa’s largest telecommunications company, is billions more than any company has been fined anywhere in the world and may well scare off investors, international analysts say. [contextly_sidebar id=”qwtfUV1WYPqERkx5YTjXV8n4bFWNQnrT”]MTN was fined for having 5.2 million active but unregistered SIM cards. “It is totally out of proportion,” said industry expert John…

  • MTN, Surfline & Goldkey bid for NCA’S 800MHz License

    MTN, Surfline & Goldkey bid for NCA’S 800MHz License

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    The National Communications Authority (NCA) has announced that four companies have applied to take part in its auction of the 800MHz band spectrum. [contextly_sidebar id=”gg0MNDVv8Tq0CilexhEa4ceIIzyX6qx9″]The four companies are MTN Ghana, Surfline Communications, Goldkey Telecom and Migson Communications. The four all submitted applications by the 9 November 2015 deadline and now await assessment of eligibility by…

  • Ghanaian to be inducted into the National Inventors Hall of Fame

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    Ghanaian born electrical engineer Victor B. Lawrence is to be inducted into the National Inventors Hall of Fame. [contextly_sidebar id=”MQAEHOUV3KxjAn2u8s6N1OgpGthbz37q”]Victor B. Lawrence together with 15 other inventors will be formally inducted at a ceremony on May 5, 2016, at the Smithsonian American Art Museum and the National Portrait Gallery. Every year, a distinguished group of…

  • Nigeria ‘won’t lower’ MTN’s $5.2bn fine

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    Nigeria’s telecommunications regulator says it is extending its Monday deadline for MTN Nigeria to pay a $5.2bn fine but indicated it will not lower the amount for a company it accuses of routinely flouting regulations. [contextly_sidebar id=”TtAgdAsaGrDRAxDOB8PldsgvnSy2bN3I”]It comes as other Nigerian regulators are slapping companies with multi-million dollar fines, as the government looks for more…

  • Promoting eCommerce in Ghana: Operators appeal against tax increases

    Promoting eCommerce in Ghana: Operators appeal against tax increases

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    Operators of electronic transfer systems in the country have made an appeal to the Finance Ministry not to consider increasing taxes charged on their operations. [contextly_sidebar id=”ti1x27yvlA0lKdHUF9AMIWUdChi42eux”]They argue that any such move will impede the growth of Ghana’s e-commerce platforms which they describe as a growing one. The call was made by the players at…