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Six Nigerian Cities Get 5G Network as Telecom Firm Plans to Add More

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Telecommunications - Investors King

Exactly six major cities in Nigeria have become hosts to the fifth-generation network, popularly known as the 5G Network.

The cities are Abuja, Kano, Port Harcourt, Lagos, Enugu and Kaduna even as the network provider, Mafab Communications has disclosed efforts to expand the network in other cities.

On Thursday, the 5G was launched in Lagos State while Abuja, the nation’s capital territory, formally welcomed the fifth generation network.

However, the telecommunications firm has said it was yet to make the 5G public for commercial purposes whereby residents of the affected cities would be enjoying its services.

Investors King reports that presently, the fourth generation of broadband cellular network technology is the one that is being majorly used.

4G succeeded 3G network even as Nigerians have been yearning for upgrade in the broadband system.

Speaking at the recent launch in Lagos, Mafab Communications said it was leveraging already existing infrastructure for its 5G launch.

The Chairman of the firm, Dr Mushabu Bashir, said the telecommunications industry made history on Tuesday with the launch of its 5G Network in Abuja.

Bashir said the firm was motivated by the launch in FCT to choose Lagos for the installation of the facility.

Bashir said Mcom is desirous of having more coverage for Nigerians and accelerating its broadband services.

While noting that the firm’s plans are quite ambitious and realistic, Bashir reiterated the preparedness to take the latest network to other sites and cities across Nigeria.

It was gathered that the firm presently has less than 100 live 5G sites, but is targeting 100 live 5G sites in February, this year, to boost its coverage to other states.

The Public Relations Officer of Mafab’s Communications, Adebayo Onigbanjo, said the firm wants to concentrate on voice packages before improving its effort on the 5G coverage.

Onigbanjo said he was making efforts at having rollout across the country and expressed difficulty in disclosing certain number of transceiver stations.

He pointed out that voice is from day one of the launching date, adding that the opportunity that exists to do voice from day one is the existing infrastructure.

Mafab’s spokesperson said the national roaming would allow the firm to offer its customers voice services from day one while it rollout continuously the 5G infrastructure.

According to him, other operator that rolled out 5G lack nationwide 5G and that Mafab would ensure that the network circulates.

He said the firm was searching for markets to install base stations in those areas and continue to expand as traffic moves forward.

Speaking at the Lagos launch of the network, the Governor of the state, Babajide Sanwo-Olu, said more than 500,000 jobs have been provided by the telecommunications firm.

The governor, who was represented by the Lagos State Commissioner for Science and Technology, Hakeem Fahm, noted that the economy of the state has appreciated significantly owing to contributions and efforts of Mafab.

Specifically, for the economy of Lagos State in particular and Nigeria as a whole, Fahm said the telecommunications industry has contributed more than $70bn aside its job creation efforts.

According to him, there are many gains and prospects that the 5G network would usher to the state.

Describing 5G network as next level technology, the Commissioner expressed high optimism that the different sectors of the state economy, most especially in the security sector would have much improvements owing to the latest network.

 

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Minister Bosun Tijani Leads Global Effort to Safeguard Undersea Cables Amidst Disruptions

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Undersea-cable

Minister Bosun Tijani of Nigeria’s Ministry of Communications and Digital Economy has initiated a global collaboration.

The minister took to social media to announce plans aimed at enhancing the protection of undersea cables, emphasizing the critical role these cables play in the digital economy.

Tijani’s proactive stance comes in the wake of undersea cable cuts that have impacted countries across West Africa, including Ghana, Togo, and Senegal.

Recognizing the urgency of the situation, Tijani underscored the need to review international laws and forge partnerships with regional and global bodies to safeguard this essential infrastructure.

Acknowledging the disruption faced by affected nations, Tijani assured stakeholders that the Nigerian Communications Commission (NCC) is actively engaged in resolving the issues.

His initiative marks a significant step toward ensuring the resilience and reliability of undersea cables, which serve as lifelines in today’s interconnected world.

In light of the disruptions, various sectors, including banking, telecommunications, and financial services, have encountered operational challenges.

Sarafadeen Fasasi, President of the Association Of Mobile Money and Bank Agents In Nigeria, highlighted the significant impact on financial transactions and reconciliation processes, causing headaches for businesses and customers alike.

While the cause of the cable cuts remains under investigation, efforts to restore services are underway.

However, authorities in Ghana estimate that full service restoration may take up to five weeks.

Meanwhile, stakeholders are hopeful that Minister Tijani’s global collaboration will expedite solutions to safeguard undersea cables and mitigate future disruptions, ensuring uninterrupted connectivity essential for economic, academic, and social activities.

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MTN Nigeria Grapples with Network Disruptions from Overseas Cable Damage

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MTN Nigeria - Investors King

MTN Nigeria is currently contending with network disruptions stemming from damage to an overseas undersea cable, causing widespread inconvenience for its customers.

The telecommunication giant confirmed the issue in a statement, acknowledging the connectivity disruptions experienced by its subscribers.

Reports indicate that the glitch has affected both voice and data services, resulting in communication disruptions for millions of subscribers across the country.

Subscribers have expressed frustration on social media platforms over the prolonged network outage, with complaints ranging from failed call attempts to concerns about the failure to receive bank alerts.

MTN Nigeria assured its customers that it is actively working to resolve the issue and restore services as quickly as possible.

The telecom operator emphasized the critical importance of consistent internet and communication services, pledging to swiftly address the disruptions.

Efforts are underway to reroute traffic through alternative network paths and expedite the repair process for the damaged cables in collaboration with consortium partners.

Despite the challenges, MTN Nigeria remains committed to minimizing service interruptions and maintaining connectivity for its customers.

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Moniepoint Inc Vows to Drive Financial Inclusion Amidst National Development Agenda

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Given the critical importance of financial inclusion to national development and building a sustainable economy, Group CEO Moniepoint Inc, Tosin Eniolorunda has reaffirmed his organization’s resolve in increasing financial inclusion and driving the adoption of technology by the underserved consumers in the country.

The Moniepoint boss was speaking on the sidelines of the 16th edition of Leadership Newspapers Conference and Awards where Moniepoint Inc received an award as the Fintech Company of the Year. The event, which took place at the Congress Hall of the Transcorp Hilton Hotel, Abuja also coincides with the 20th anniversary of founding of the Leadership Group. The selection of the award recipients followed a critical review of their various contributions to the growth and development of Nigeria, as laid down by the founding chairman of the LEADERSHIP Newspaper Group, the late Sam Nda-Isaiah.

The prestigious Fintech company of the year award recognizes Moniepoint’s innovative efforts to increase access to financial services for underserved and unbanked populations across Nigeria. Through its nationwide network of point-of-sale terminals and digital payments platform, Moniepoint has empowered millions of Nigerians, including petty traders and roadside businesses, to participate in the digital economy.

“We are immensely proud to receive this recognition from Leadership,” said Tosin Eniolorunda. “From the start, our mission has been to democratize financial services and create equal opportunities for every Nigerian to thrive. Powering dreams and ensuring that the large majority of our people irrespective of where they live experience financial happiness is our reason for being. This award validates our commitment to driving genuine financial inclusion in tandem with the government’s mandate and we are spurred to do more in terms of leveraging innovative solutions and technology to create more value for Nigerians.”

In her welcome remarks, Chairman, Leadership Newspapers, Zainab Nda-Isaiah signposted the role of the awards in recognizing individuals and organizations who are taking bold strides towards creating a more peaceful, stable, and prosperous nation. While paying homage to the legacy of the legendary and visionary Founder and her late husband, Sam Nda-Isaiah, she noted that awards spotlighted those considered deserving and exemplary in their various categories.

“We may not be where we would like to be, but these men and women are making strides in the direction that we hope will lead us to a nation of peace, stability, and the possibility of prosperity for all who dare to seize it”, Nda-Isaiah said.

Keynote presenter, Prof. Kingsley Moghalu, who was speaking to the theme, “An Economy In Distress: Which Way Forward?”, made a case for fixing the fundamentals and advised that the current economic crisis must not be allowed to go to waste.

“There is no better time to fix these challenges than now. The CBN’s policy actions are well intended and will serve to stabilize the macroeconomic environment. We must fully understand the causes that have led us to where we are and ensure that they are fixed by deploying real strategies.” He canvassed for property rights, innovation and access to capital as core pillars for a successful and productive economic growth.

Prominent personalities at the event include, Minister of Information and National Orientation, Mohammed Idris Malagi who represented awardee for Person of the Year, President Bola Ahmed Tinubu; presidential candidate of the Labour Party, Peter Obi, who received the Politician of the Year award; Governors Fr Hyacinth Iornem Alia of Benue State; Dikko Umaru Radda of Katsina State; Seyi Makinde of Oyo State and Mohammed Umar Bago of Niger State; Managing Director/CEO of First City Monument Bank Plc, Mrs. Yemisi Edun who received Banker of the Year Award and Salisu Auwalu, a keke rider from Kano who returned a  bag containing 15m naira  left in his tricycle,  received an award as outstanding Young Person of the year.

It will be recalled that in 2023, Moniepoint MFB received the prestigious Rising Star Family Business Award Pwc/Businessday Family Business Summit; the Most Outstanding Microfinance Bank in Consumer Engagement at the Brandcom Awards, while Moniepoint Inc was listed for the second year running amongst the 100 most promising private fintech companies by CB Insights and the reputable Financial Times named it Africa’s second fastest-growing company. Moniepoint Inc also received critical acclaim as the “Most Outstanding Fintech Company in Financial Inclusion at the Brandcom Awards. Group CEO, Moniepoint Inc, Tosin Eniolorunda was named the 2024 Legit Business Leaders Awards in recognition of his outstanding contributions to Nigeria’s economy.

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