Wednesday, July 30, 2025
24 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

Ecobank Earns Stable Outlook Ratings from Moody’s

Moody’s has affirmed Ecobank Transnational Incorporated’s (ETI) B3/Not Prime...

Finance Minister, Wale Edun, Charges New NDIC Management on Performance

The Minister of Finance and Coordinating Minister of the...

NIMC to Nigerians: Avoid Sharing Personal Data

The National Identity Management Commission (NIMC) has noted with...

NIMC to Nigerians: Avoid Sharing Personal Data

The National Identity Management Commission (NIMC) has noted with...

Rex Insurance Unveils Digital Platforms to Drive Motor Insurance Business

Rex Insurance Limited has unveiled new digital platforms designed...

Topics

INEC Meets With Political Office Holders on Tax Compliance

L-R: Executive Chairman, LIRS: Mr Ayodele Subair, Chairman, Code of...

Insurance PR Managers Seek Growth Path for Sector

Corporate affairs managers of insurance companies in Nigeria under...

Local Bourse Reverses Negative Performance…ASI up 0.33%

In line with our expectation, the domestic equities market...

PwC Taps Nadine Tinen to Lead France, Francophone Africa

Nadine Tinen has been named Regional Senior Partner of...

Interswitch Boosts Payment Industry via Innovative TechConnect Solutions

Pan-African digital payment and commerce solution company, Interswitch Group,...

Equities Extend Losses to Third Consecutive Session… NSE ASI down 1.5%

At the close of trade today, the equities market...

Security of Data/Systems Top IT Priority in Africa, ME

Ensuring high levels of security of data and systems,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img