Saturday, November 8, 2025
25.1 C
Lagos

ATCON: ‘No Comment’ on $3. 9bn NCC, MTN Saga

The Association of Telecommunications Companies of Nigeria [ATCON] has declined to comment on whether MTN Nigeria should pay the $3. 9 billion fine imposed on it by the Nigerian Communications Commission [NCC] or refuse to pay.

Mr. Olusola Teniola, President of ATCON, said in Lagos yesterday that he has ‘No Comment’ on the issue of payment of the fine.

Rather, he said the official position of ATCON is for continous consultation and dialogue between the NCC and MTN Nigeria and other relevant stakeholders to settle the matter amicably.

“Our position is that consultation and dialogue are crucial in resolving all contending issues. ATCON supports our members to operate optimally and we also have our Code of Conduct guiding our members.”

Teniola lamented that most rich Nigerians do not invest in the Information & Communications Technology [ICT] sector in the country.

He said the sector is being driven largely by foreign investment, rather than local funds.

He listed some of the challenges facing the sector as multiple taxation, multiple regulation and foreign exchange hiccups.

He appealed to the Federal Government to declare the ICT industry as priority area in terms of accessing forex at official rate to support robust growth of the sector.

spot_img
spot_img
spot_img

Hot this week

Stanbic IBTC Pension Managers Supports ART X Lagos 2025 to Celebrate African Creativity

As West Africa’s leading art fair, ART X Lagos, marks its...

NGX Reaffirms Leadership in Advancing Africa’s Islamic Finance Ecosystem

Nigerian Exchange Limited (NGX) has reaffirmed its leadership in...

Sovereign Trust Insurance CEO, Olaotan Soyinka, Preaches Caution, Safety in the Ember Months

Mr. Olaotan Soyinka, Managing Director of Sovereign Trust Insurance...

Lagride Launches Low-Cost Omni to Disrupt Korope Transport in Lagos

Lagos’ leading smart mobility platform has launched the Lagride...

Malta Guinness, TRACE Naija Energise Campuses Across Nigeria with “In The City” Tour

This year’s edition of the annual Trace In The...

Topics

Transcorp Group: N443bn Total Assets, N135bn Revenue, N30.2bn Profit in 2022

L-R: President and Group Chief Executive Officer, Transnational Corporation...

Maida Applauds Project Train 3m on ICT Skills 

The Executive Vice Chairman of the Nigerian Communications Commission...

‘Africa Must Leverage Strengths to Accelerate Drive Towards Integration’

Participants to the 13th African Economic Conference called for African countries to...

NCC Restores Regulatory Services to Globacom

The Nigerian Communication Commission (NCC) has restored regulatory services...

400m People Lack Access to Healthcare

A report by the World Health Organisation (WHO) and World Bank Group shows that 400 million people do not have access to essential health services while 6% of people in low- and middle-income countries are tipped into or pushed further into extreme poverty because of health spending. “This report is a wakeup call: It shows that we’re a long way from achieving universal health coverage. We must expand access to health and protect the poorest from health expenses that are causing them severe financial hardship,” says Dr. Tim Evans, Senior Director of Health, Nutrition and Population at the World Bank Group.

NAICOM, FRSC Partner to Enforce 3rd Party Motor Insurance Policy

R-L: Mr. O. S. Thomas, Commissioner for Insurance/CEO, National...

Coscharis, Ford Partner on Life Driving Training in Nigeria

Ford Motor Company in conjunction with its dealer, Coscharis...

A Climate Change Agreement Is a Global Health Agreement

The World Health Organisation (WHO) kicked off its global...
spot_img

Related Articles

Popular Categories

spot_imgspot_img