Tech

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CNN to lay off hundreds of employees as post-inauguration transformation begins

Beijing, Jan. 23, 32025 – CNN plans to lay off hundreds of employees Thursday as it refocuses the business around a global digital audience, according to people familiar with the matter. The layoffs come as CNN is rearranging its linear TV lineup and building out digital subscription products. The cuts will help CNN lower production costs and consolidate teams, said the people, who spoke on the condition of anonymity to discuss nonpublic changes. Certain shows that are produced in New York or Washington may move to Atlanta, where production can …

Nigeria signs $2m agreement with US to expand fibre optic network by 90,000km

Washington D.C., Jan 17, 2025 – The federal government has signed a $2 million grant agreement with the US to expand its fibre optic network by 90,000 kilometers. The deal was signed in Washington D.C. during the just concluded US-Nigeria Technology Dialogue.   The Nigerian delegation to the Dialogue was led by Bosun Tijani, the Minister of Communications and Digital Economy. The project is to be funded by the US Trade and Development Agency (USTDA) in its bid to support Nigeria’s National Broadband Plan for 2020-2025. A statement by the …

Nigeria has lowest data rates in West Africa – ITU

Lagos, Jan. 12, 2025 – The International Telecommunications Union (ITU) says Nigeria has the lowest data costs in West Africa. It said data costs in Nigeria were one of the lowest in Africa and the world generally. The international agency disclosed this in its recent Global System for Mobile Communications Association (GSMA) report. The report titled: “The Role of Mobile Technology in Driving Digital Economy in Nigeria”, said Nigeria offered cost-effective connectivity services to data users nationwide with an average data cost of $0.38 for a gigabyte. “The cost in …

Higher telecom tariffs will boost productivity, lower inflation – Rewane

Lagos, Jan. 10, 2025 – Bismarck Rewane, the Chief Executive Officer of Financial Derivatives in Lagos, says higher tariffs in the telecom sector will bring about improved productivity and lower inflation. Rewane made the observation on Thursday while speaking on Channels Television’s “Business Morning”. He said tariff increases in the sector had the potential of reducing inflation because of its prospect of improving productivity. The expert commended the federal government for finally acceding to the demand of the telecom operators on tariff increases, adding that the government’s new position was …

FG to approve new tariff rates for telecoms sector

Abuja, Jan. 9, 2025 – The federal government will soon approve tariff hike for operators in the telecoms industry. Dr Bosun Tijani, the Minister of Communications, Innovation and Digital Economy, announced this on Wednesday after a meeting of the federal government and representatives of the telecom operators. The meeting was held to discuss the contentious issue of tariff hike in the sector which had assumed a crisis situation in the last few days. Tijani, who spoke on behalf of the federal government, said the federal government had agreed to accede …

Tariff Hike: FG meets with telecom operators

Abuja, Jan. 8, 2025 – The federal government is currently meeting with representatives of telecom companies to find a way out of the crisis generated by demand for tariff hike by operators in the sector. According to reliable sources, the meeting which started early on Wednesday, was called by the presidency to forestall the degeneration of the crisis. Bosun Tijani, the Minister of Communications and Digital Economy, is leading the federal government’s delegation with other representatives from the Nigerian Communications Commission (NCC) and the National Information Technology Development Agency (NITDA). …

68% of world population connected to internet – ITU

Lagos, Jan. 3, 2025 – About 5.5 billion people in the world were connected to the Internet as of 2024, an increase of 227 million users over the figure in 2023.  The International Telecommunication Union (ITU) disclosed this in its latest publication on “Facts and Figures 2024”. It said the 5.5 billion internet users in 2024 represents just about 68 per cent of the global population. The ITU reported that 93 per cent of the people in high income countries were connected to the internet against the 27 per cent …

NCC approves MTN’s disconnection of Exchange over indebtedness

Abuja, Dec. 28, 2024 – The Nigerian Communications Commission (NCC) has approved the disconnection of Exchange Telecommunications Limited (Exchange) from MTN Nigeria Communications Limited (MTN) as a result of non-settlement of interconnect charges. The NCC announced the approval of the disconnection in a public notice signed by Reuben Muoka, its Director of Public Affairs, on Friday, Dec. 27, 2024. It said the Exchange was notified of the application and was given opportunity to comment and state its case. The Commission, however, said, having examined the application and circumstances surrounding the …

NCC approves renewal of MTN/Ntel spectrum lease agreement

Lagos, Dec. 27, 2024 – The Nigerian Communications Commission (NCC) has approved the renewal of MTN Nigeria spectrum lease agreement with Natcom Development and Investment (Ntel). Ntel is the successor to Nitel and is managed by Natcoms. Uto Ukpanah, MTN Company Secretary, said that the agreement would cover the lease of Ntel’s 5 MHz frequency division duplex (FDD) in the 900 MHz spectrum band and 10 MHz FDD in the 1800MHz spectrum band which spans nineteen states. The renewal is for another two years with effect from May 1, 2025. …

Internet usage in Nigeria rises to 270,398.28 terabytes

Lagos, Dec. 24, 2024 – Internet usage in Nigeria has been rising steadily in the last one year, according to the Nigeria Communications Commission (NCC) The internet services are being provided by the four main mobile operators of MTN, Airtel, Globacom and 9mobile. According to the latest statistics provided by the NCC on its website, internet usage reached the peak of 270,398.28 terabytes in October 2024, from the lowest level of 645,407 terabytes in November 2023. It rose steadily from 766.708.12 terabytes in February 2024 to 771,993.56 terabytes in March …