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MTN, Airtel Most Viable Telecos in Nigeria-Report

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By Joseph Amah, Abuja

MTN Nigeria Communications Plc (MTNN) and Airtel Africa Plc
(AIRTELAFRI) has topped the list of most viable telecommunication
companies in Nigeria, according to a recent report by Meristem
Securities Limited, a member of the Nigerian Stock Exchange (NSE).


Titled: ‘Nigerian Telecommunications Sector Update’, the report
explained that the value per share was put at N203.
09k for MTNN and
N1,213.41 for AIRTELAFRI.


Recording a Compound Annual Growth Rate (CAGR) of 10 per cent in 2020,
MTN Nigeria has retained the lead telecommunication company as it
recorded a groundbreaking increase of 23.65 per cent in its revenue
gathered at the end of the third quarter of 2021, the report said.


It added that the sum was gathered across the company’s entire
business chain with revenue from its voice calls, data, financial
technology services and digital services respectively.


The South African brand whose entrant into the Nigerian Communications
industry in 2001 with the license to operate as the first GSM 900MHz
and GSM 1,800MHz licenses, has maintained its leadership position by
taking advantage of opportunities in the financial services sector
with the birth of the Mobile Money (MoMo) platform and consolidating
its internet broadband lead with over 69.20 per cent 4G network
coverage across Nigeria making it the Mobile Network Operator with the
highest 4G subscriber base in the Nigerian Telecommunications
industry.


Airtel Africa Plc’s (AIRTELAFRI) annual customer growth rate of 9.84
Percent which raised the number of users from 76.73 million in 2016
to 122.70 million in 2021 has put the company as a brand to watch in
the telecommunications industry, the report said.


With its business spanning 14 African countries in East, Central and
West Africa, the firm is the second largest telecommunication company
in Africa.


Having 81.80 per cent of its sites in Nigeria presently on 4G, Airtel
is the Telco with the highest 4G coverage in the country, according to
the report.


Airtel’s ‘Win with’ business growth model aims to deliver value in its
products and to customers by strengthening its distribution network
and enhancing customer experience, through simplified Know Your
Customer (KYC) process.


With investment spanning voice, data and digital services, Airtel’s
stake in the Payment Service Bank (PSB) sector with it’s contemporary,
MTN, is in line with the federal government’s decision to create a more
inclusive banking economy to accommodate Africa’s largest economic
group- small and medium scale enterprises.


The license, which was granted to the Telcos in August 2020 is
expected to improve the scope of telecommunications giants to
accommodate Nigeria’s teeming population which had a huge propensity
of carrying bulk cash around.


According to the report, the diversification of the telcos’ operations
into the Fintech industry, improved their financial status by 4.17 per
cent year on year and 11.40 per cent to total revenue from 3.32 per
cent and 9.97 per cent in the last one year of its operation.


The projections for brands according to Meristem, is that the telcos
hold immense financial prospects as deduced from its financial track
record in recent years.

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Diri Warns Criminal Elements to Retrace Steps

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By Mike Tayese, Yenagoa

 Bayelsa State Governor, Douye Diri has directed security commanders in the state to ensure that a Judge of the state high court, Justice Ebieyerin Omukoro that was abducted by armed men on Saturday in Yenagoa is released without harm.

Diri gave the directive on Monday in Sagbama town during his ongoing local government thank-you tour to Sagbama Local Government Area of the state.

He also warned criminal elements and their sponsors to retrace their steps as there was no hiding place for them following the state government’s investment in closed circuit television cameras and other security gadgets.

Diri said kidnappers of the Judge were caught on CCTV cameras and that investigation would unravel their identity.

“From the minute I was informed about the high profile kidnap of a judge of the state high court, l summoned security commanders in the state and gave them a directive to ensure that the judge comes out alive and fit.

“Let me tell those that are either sponsors or are involved in the kidnap, it is time to give up. You cannot terrorise and intimidate your own people.

“Government has invested so much in the security sector and the installed closed circuit television cameras captured footage of the incident.”

Diri appreciated the people of Sagbama local government area for giving the Peoples Democratic Party (PDP) bloc votes in the November 11, 2023 governorship election that returned him and his deputy to office for a second term.

He also urged them alongside the Ekeremor council that makes up the Bayelsa West senatorial district to remain united and promote peaceful coexistence.

The Deputy Governor, Senator Lawrence Ewhrudjakpo, in his remarks, described Sagbama as headquarters of the PDP in the state.

Senator Ewhrudjakpo said the governor got the highest votes from Sagbama, which he referred to as ‘Kano votes’ in the 2019 and 2023 governorship polls, as the people had unflinching loyalty to the PDP.

The deputy governor, who hails from Sagbama, stressed that the local government would remain a stronghold of the party and expressed gratitude to the immediate past governor and Senator representing Bayelsa West, Chief Seriake Dickson, for making a good choice in Senator Diri as his successor.

He equally thanked the people of the three Sagbama constituencies for their steadfast support to Diri’s Prosperity Government.

On arrival, the governor and his entourage visited the palace of the Pere of Kumbowei Kingdom, king Boloyi Sufadoh, where he and his deputy were presented with walking sticks, hats and a copy of the holy bible.

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FCCPC Summons Air Peace over Failure to Refund Ticket Fares

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The Federal Competition and Consumer Protection Commission (FCCPC) has summoned the management of Air Peace Limited following myriad of consumer complaints from across the country regarding non-refund of ticket fares.A statement by Mr Ondaje Ijagwu, Director, Corporate Affairs of the Commission in Abuja on Monday, said the airline had failed to refund its customers even in instances where it cancelled its flight operations.

He said the airline’s actions potentially contravened Sections 130(1)(a) and (b), and 130(2)(b) of the Federal Competition and Consumer Protection Act (FCCPA) 2018.
Ijagwu said the FCCPA guaranteed consumers the right to timely refunds where advance bookings, reservations, or orders were unfulfilled due to service-provider’s failure.
The director said the summon dated June 13, would require Air Peace to appear before the Commission’s headquarters.”This provision enshrines the principle of fair dealing and safeguards consumers against unfair, unjust, or unreasonable practices by service-providers.”In a formal summons dated June 13, 2025, the Commission, invoking Sections 32 and 33 of the FCCPA 2018, requires Air Peace to appear before the Commission at its Abuja Headquarters on June 23.”Specifically, Section 33(3) of the FCCPA mandates compliance and failure attracts severe sanctions including fines or imprisonment.”The airline is further directed to produce documentary evidence including complaint log for refunds over the past twelve (12) months.”Others are total records of processed refunds to date, list of cancelled flights on all routes within the past twelve (12) months, and remedial actions taken to mitigate consumer hardship resulting from cancelled flights,” he said.Ijagwu said the FCCPC had in 2024, commenced inquiries into separate allegations of exploitative ticket pricing, including substantial price hikes for advance bookings on certain domestic routes by Air Peace.He said the airline in response to the inquiry, instituted legal proceedings seeking to restrain the Commission from continuing its inquiry.The director said the summon was a different matter from the inquiry. (NAN)

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Crude Oil Theft: Nwoko Seeks AI Powered Surveillance, Regional Security

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Sen. Ned Nwoko, the Chairman of the Senate Ad hoc Committtee on Crude Oil Theft, says Nigeria must implement a robust technological framework to curb crude oil theft in the country.Nwoko in an interview in Abuja on Monday, said that crude oil theft in the Niger Delta region had long plagued the nation, resulting in severe economic losses, environmental degradation, and national insecurity.

He said as a country heavily reliant on oil revenues to fund its budget and development, it was imperative that her national assets were treated with the seriousness they deserve, adding that it was time to reclaim control of her oil assets.
He therefore advocated for the deployment of AI-Powered Surveillance ranging from drones to predictive analytics to monitor the nation’s pipelines and facilities.
He also advocated for the strengthening of the country’s regional security, noting that oil theft thrives in insecurity.‘’Parallel investment in regional peace and stability is crucial. The host communities must be incorporated into the system, thereby making them have a sense of belonging in the oil and gas sector by engaging them into meaningful infrastructural development.‘’There is also the need for collaboration with Tech Firms. We must actively engage global and local tech companies with proven capacity to deliver real-time monitoring and risk detection.‘’Institutional commitment is also needed to curb crude oil theft; NNPCL and other stakeholders must be held accountable.“Monitoring should not just be technological, it must include institutional transparency.‘’Adopting Saudi Arabia’s corporate social responsibility method in collaborating with the oil and gas host communities will also go a long way in tackling crude oil theft.“If Nigeria adopts these strategies and embracs AI-driven innovation, we can reclaim control of our oil assets, meet our OPEC quota, and catalyse real economic development,” the lawmaker said.According to the chairman, senate ad-hoc committee on crude oil theft, we can no longer pretend we don’t know the cause or the cure of our problems.‘’It’s time to stop looking away. We must be intentional, patriotic, and honest. We must emulate nations whose progress is not mythical but practical. Let us do what is right for Nigeria, for now and for the future.‘’The NNPCL and the various international and national oil companies (IOCs and NOCs) operating in the sector must act decisively‘’Under the supervision of patriotic leadership, they must adopt advanced technological systems to protect our oil infrastructure and deter sabotage.’’Nwoko noted that In 2022, the then Group Managing Director of the NNPCL, Mele Kyari, assured Nigerians of efforts to adopt a model similar to that of the Saudi Aramco to combat oil theft and pipeline vandalism.He said that Kyari had admitted then that while Nigeria’s system was not yet as advanced as Aramco’s, the goal was to eventually match their level of sophistication.‘’Sadly, we are still far from that benchmark. As a nation, we must summon the courage to call a spade a spade.‘’We cannot continue with half-measures. Every meaningful step that can rescue this country from the stranglehold of economic sabotage must be taken without delay.‘’To move forward, we must learn from countries that have gotten it right. How did developed nations build systems that effectively secure their oil and gas infrastructure? What strategies and technologies do they use?, he added. (NAN

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