Friday, February 22, 2019
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Stories by STAN OKENWA

…NCC gives January 2015 as effective date

Nigerian Communications Commission (NCC) has given Global system for Mobile telecommunications (GSM) operators a matching order to put in place effective compensatory mechanisms for consumers and subscribers whose service rights had been breached or short-changed due to poor Quality of service (QoS) which they suffer for no fault of theirs.

Nigeria  has been ranked 114th on the index  of the  Global Energy Architecture Performance Index Report 2015’, which ranks 125 countries on their  ability to deliver secure, affordable and sustainable energy.
The report released by the World Economic Forum (WEF) states that only half of Nigerians have access to electricity, 10 percent of them in rural areas, with power shortages severely affecting the quality of electricity supply across the country.

Customers of United Bank for Africa (UBA) Plc across18 African countries where the bank has operations   can now receive transaction alerts on their twitter handle as direct messages.
It is an innovative first from the pan-African bank and currently the only bank in Africa to offer this service.
“What we have done is take social media banking to a new level.


The Nigeria Deposit Insurance Corporation (NDIC) has said that most Microfinance Banks (MFBs) operating in Nigeria were yet to be computerized, saying that there operations were still manually driven.
This was disclosed by the corporation in its Annual Report and Statement of Account for the 2013 financial year, released to Newsmen in Katsina recently.

The U.S. current account deficit unexpectedly rose in the third quarter as an increase in exports was offset by a rewidening of the secondary income shortfall.
The Commerce Department said on Wednesday the current account gap, which measures the flow of goods, services and investments into and out of the country, rose 1.9 percent to $100.3 billion from a revised $98.4 billion deficit in the second quarter.

For allegedly offering telecommunications services to Nigerians without obtaining operational licence from Nigerian Communications Commission (NCC), the enforcement department of the federal agency has shut down Owntel Communications Limited.
Led by Mr. Salisu Abdul, head of Enforcement, the team visited the office of Owntel on Isheri Road in Ojodu Lagos, where it confiscated some of its equipments as evidence for illegal operation.

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