Market Updates

UK group, others fail security clearance for Nigeria VAT project

Technology Times has learnt that The Risk Management Group of UK and four other companies have been refused security clearance to manage an automated Value Added Tax (VAT) collection project for Nigerian telecoms industry. The affected companies that were being considered to manage a major automated VAT collection programme for telcos in Nigeria were refused […]

Nigeria Diaspora ‘pumps billions in remittance inflows’

Nigeria Diaspora ‘pumps billions in remittance inflows’

Nigerian migrants working overseas are sending billions of dollars back home to support their families, in a big boost for the local remittance market, a new study has revealed. Nigeria international remittance market is expected to reach $42 billion by 2022 following the relaxation of local regulatory restrictions which are boosting money transfers across the […]

UK group, others fail security clearance for Nigeria VAT project

FG probes ‘call masking’ of international phone traffic into Nigeria

A Federal Government investigation is underway to unmask companies using “call masking” techniques to pass off incoming international telecoms traffic as local calls into Nigeria. Technology Times has just learnt that the Nigerian Communications Commission (NCC) is investigating some of its licensed operators and some alleged rogue comanies using call masking to dump international traffic […]

UK group, others fail security clearance for Nigeria VAT project

Airtel pulls out of 9mobile bid

Airtel Nigeria did not submit a final bid for 9mobile despite being on the shortlist of five, TheCable has reported. Also, although Globacom and Helios Investment Partners LLP submitted bids, they did not make any financial offer for the troubled mobile phone company. TheCable understands that Teleology Holdings Limited submitted a bid in excess of […]

UK group, others fail security clearance for Nigeria VAT project

9mobile: No winner yet in sale process, NCC says

No winner has been picked in the process underway to sell 9mobile formerly called Etisalat Nigeria, the telecoms regulator says. Director, Public Affairs, Nigerian Communications Commission (NCC), Tony Ojobo, said this when he denied news reports that a preferred bidder has emerged in the race to buy the fourth largest mobile phone company in the […]

UK group, others fail security clearance for Nigeria VAT project