MTN, 12 banks sign N200b medium term loan agreement

By Giwa SHILE Mobile telephone operator MTN on Wednesday signed a seven-year N200 billion medium term loan agreement with a consortium of 12 banks. The Chief Executive Officer of MTN Nigeria, Mr Ferdi Moolman, who made the disclosure at the agreement signing ceremony in Lagos, named FBN Quest the acting facility agent. According to Moolman, the completion of the agreement projects MTN’s commitment to and confidence in Nigeria and the strength of its strategic collaboration with local financial institutions. He said the loan would help the operator to deepen and…

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Active mobile lines hit 162.3 million in June –NCC

By Aliyu DANLADI The Nigerian Communications Commission (NCC) says active mobile telephone lines in Nigeria have increased to 162.30 million in June. NCC said in the monthly Subscribers Operator Data posted on its website on Tuesday that the mobile lines figure at the end of June was 162.30, adding that it rose from 162.07 million recorded in May. With 162,307,346 lines in June and 162,075, 116 in May, the increase in the number of lines was 232,230. However, the Code Division Multiple Access (CDMA) for active mobile lines had 217,566…

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Cyber attackers on Singapore health database steal details of 1.5m, including PM Lee

By Meletus EZE A major cyberattack on Singapore’s government health database stole the personal information of about 1.5 million people, including Prime Minister Lee Hsien Loong, the government said on Friday. The attack, which the government called “the most serious breach of personal data” that the country has experienced, comes as the highly wired and digitalized state has made cyber security a top priority for the Association of Southeast Asian Nations (ASEAN) and for itself. Singapore is this year’s chair of the 10-member ASEAN group. “Investigations by the Cyber Security…

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Online publications have taken away our jobs – Bauchi Newspaper vendors

Aliyu DANLADI Newspaper vendors in Bauchi said they are facing hard times following a drop in sales of newspapers as a result of the advent of online publications. ‎Some of them, who spoke on Tuesday said that they were almost thrown out of job as most of them had to look for other means of sustaining themselves and their families. One of them, Sani Ismaeel, lamented the development, saying he had been reflecting with nostalgia, the ‘good old days’ when they were in ‘real business’. “I have been a newspaper…

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MTN Dubai sells Cyprus outfit for $304m

By Aliyu DANLADI South Africa-based mobile telecommunications company MTN Group Ltd said on Monday its Dubai subsidiary sold its Cyprus business to Monaco Telecom S.A for 260 million euros ($304 million). MTN said in a statement in Johannesburg that the deal fell “outside the group’s core footprint of Africa and the Middle East”. Africa’s biggest mobile telecoms group said that as part of the deal to sell MTN Cyprus, it would allow the use of the MTN brand in Cyprus for up to three years for a fee. MTN Cyprus,…

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NCC intervenes in MTN’s labour issues

By Kunle SHONUGA The Nigerian Communications Commission (NCC) on Monday said the organisation has opened talks with critical stakeholders on MTN’s labour issues. NCC’s Director of Public Affairs, made this known in a statement by in Abuja. “NCC under the leadership of Prof. Umar Danbatta has opened talks with other critical stakeholders through the office of the Executive Commissioner Stakeholders Management, Mr Sunday Dare on the issue. “Both Association of Telecommunications Companies of Nigeria (ATCON) and Association of Licensed Telecommunications Operators of Nigeria (ALTON ) leadership are working with NCC…

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WhatsApp introduces new feature to curb fake news

By Aliyu DALADI WhatsApp has announced the launch of a new feature globally that will highlight when a message has been forwarded and not composed by the sender. The messaging application made the move public on Tuesday through its official blog following calls from various parts of the world, including India, to tackle the spread of fake news. In the statement, the platform, owned by Facebook, said, “Starting today, WhatsApp will indicate which messages you receive, have been forwarded to you. “This extra context will help make one-on-one and group…

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Picketing: We’ll advise MTN to consider shutdown if…. telecoms operators

By Olamilekan FAWAS The Association of Licensed Telecommunications Operators of Nigeria (ALTON) says it will advise MTN Nigeria to consider preventive shutdown of network if its picketing by the organised labour leads to damage to telecoms facilities. The ALTON Chairman, Mr Gbenga Adebayo, said that the shutdown would be necessary to avoid damage to network. Adebayo made this known in a statement in Lagos. He said damage to telecom facilities would lead to disruption of critical national security and economic services which could expose citizens to danger. “We hereby strongly…

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Facebook boss Zuckerberg becomes world’s third richest

By Olamilekan FAWAS Facebook CEO Mark Zuckerberg is now the third richest man in the world, overtaking Warren Buffett on Bloomberg’s list of the world’s richest people. Zuckerberg passed Buffett Friday as Facebook shares rose 2.4 percent, Bloomberg reported. Above Zuckerberg were Amazon CEO Jeff Bezos, in the No. 1 spot, and Microsoft co-founder Bill Gates. The daily rankings of the world’s 500 richest people listed in the Bloomberg Billionaires Index showed the top 3 remained the same Saturday. Zuckerberg is now worth $81.6 billion, nearly $400 million more than…

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Twitter suspends over 70 million accounts in 2 months:

By Olamilekan FAWAS Twitter Inc. suspended more than one million accounts a day in recent months to reduce the flow of misinformation on the platform, the Media reported. Twitter and other social media platforms such as Facebook Inc. have been under scrutiny by United States lawmakers and international regulators for doing too little to prevent the spread of false content. The companies have been taking steps such as deleting user accounts, introducing updates and actively monitoring content to help users avoid being victims to fake content. Twitter suspended more than…

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