Tag: Telecommunications
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MTN becomes the first Telco to Roll Out 5G in Nigeria
MTN Nigeria became the first telecommunication provider in Nigeria to roll out the 5G mobile network on August 24, 2022, months after winning the auction for the 3.5GHz 5G spectrum alongside Mafab Communications last December. The telco commenced the roll-out by switching on the network in 190 sites across the country. It rolled out the…
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Nigerians to pay 5% tax on Calls, SMS, Data Services
The Federal Government has said telecommunications subscribers in the country would start paying five percent tax on calls, SMS data and other telecom services. This was disclosed at the Nigerian Communications Commission (NCC) ‘Stakeholders Forum on the Implementation of Excise Duty on All Telecommunications Services’ held on Thursday in Abuja. Speaking at the event, the…
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Telecoms Sector Attracts $3.9 billion Foreign Investments in 5 years
Between 2015 and 2020, Nigeria’s telecommunications sector attracted $3.9 billion foreign investments (portfolio and direct). The 2021 Telecommunications Industry report released by Agusto & Co, which revealed this, observed that this accounted for an average of seven per cent of Nigeria’s total capital importation during the same period. It informed that the industry has consistently…
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5G will Positively Impact Nigeria’s Digital Economy, Says NCC Chairman
The Chairman, Board of Commissioners of Nigerian Communications Commission (NCC), Prof. Adeolu Akande, has stated that the full deployment of 5G technology in the country would have positive impact on Nigeria’s digital economy. Speaking yesterday at the signing of a Memorandum of Understanding (MoU) between the NCC and the Nigerian Communications Satellite Limited (NigComSat) on…