Sunday, October 19, 2025
24.4 C
Lagos

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

MTN: $1.3bn Network Modernisation for Efficient Subscriber Experience

MTN Nigeria has commenced comprehensive network modernisation and swap-out exercise that is expected to cover its extensive network across the country over a span of nine months. The exercise will entail upgrading and replacing key network components with newer versions for enhanced capacity and much improved quality of service.
MTN Nigeria Corporate Services Executive, Mr. Wale Goodluck, said the project, which had been
in the pipeline for several months commenced over a month ago after intensive planning.
“Our local team working closely with our technical partners and experts began work in April,” said Goodluck. “They have done much of the backend work preparatory to the actual swapping of network components in the days ahead.”

Goodluck said the massive project involving three technical partners, Ericsson, Huawei and ZTE, will be carried out at night to minimize impact on the quality of service. In addition, he said the exercise will be done in clusters, such that select base transceiver stations (BTS) in disparate parts of the country will undergo simultaneous upgrade to further ensure that the negative impact of the exercise is brought to its barest minimum.
He said while there may be slight inconveniences to subscribers in certain areas, especially at night during the implementation of the project, customers will generally be ushered into a new era of enhanced service quality upon the completion of the project.
According to him, sporadic network congestion episodes brought on by unusual congregation of subscribers in a particular location as a result of sporting events, religious events or traffic gridlock can be instantly resolved remotely from MTN network monitoring and management office.
“The network modernisation and swap-out project is part of the US$1.3 billion investment we have earmarked for 2012, and this investment like many we’ve consistently made since our inception, is in pursuit of world-class quality of service on our network. We are delighted that
this project brings us within a grasping distance of the mark”, said Goodluck.
Delving into the details of the project, MTN Chief Technical Officer, Mrs. Lynda Saint-Nwafor, said the modernisation and swap-out exercise would affect all aspects of the network from radio to transmission and core network. According to her, all legacy equipment the company had
installed for an upward of 10 years are going out, to be replaced with state-of-the-art equipment, with much better capacity and flexibility.
She added that even the power generation would also be affected as the operator would be swapping existing power systems at most of the sites with hybrid power system which is environment-friendly. According to her, the company should have about 4000 sites on hybrid power system by the end of the year, up from the current 2000 sites.
Also as part of the massive project, Saint-Nwafor disclosed that a contract had been signed with end-to-end telecommunications solutions provider, Ericsson, to optimise 3000 base transceiver stations across the country. At the end of the exercise, the BTS will operate at peak performance, significantly improving customer experience on the network, she added.
She explained that in some locations, especially where security situation would not allow her team to work at night, there will be temporary service difficulties in the course of swapping equipment and optimising the network. She implored customers in such areas to bear with the company, assuring that such temporary pains would usher in a new era of enjoyable services and thrilling experience.

Hot this week

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Stanbic IBTC Bank, LOXEA BYD forge alliance for Electric Vehicle Financing

In a strategic move to advance Nigeria’s shift toward...

CBN, Bank of Angola Sign MoU on Technical Co-operation at IMF/World Bank Meeting

In an effort to enhance bilateral cooperation and technical...

NBS: Nigeria’s Inflation Falls to 18.02% in September, Lowest Level in Three Years

Nigeria’s headline inflation rate fell for the sixth consecutive...

NUPEMCO Marks 2025 CSW with Nationwide Pension Awareness Activities, Huawei-Supported National Essay competition

The Nigerian University Pension Management Company (NUPEMCO) celebrated the...

Topics

Are ATMs Going Out of Fashion in Nigeria?

By Elvis Eromosele Nigeria is a cash-driven economy. Yet, today,...

IMF Cuts Global Growth Forecast over BREXIT

The International Monetary Fund cut its forecasts for global...

Sterling Launches Imperium Platform for Solar Energy Consumers

Sterling Bank Plc has launched a new and innovative...

NDIC Liquidates 425 Financial Institutions

As at December 31, 2019, the Nigeria Deposit Insurance...

NPF Insurance Receives Operational Licence from NAICOM

The National Insurance Commission (NAICOM) today, November 29, 2024,...

NCDMB Challenges Media to Interrogate, Support Nigerian Content Performance

The Nigerian Content Development and Monitoring Board (NCDMB) in...

Izombe Arson: Uzodinma’s Silence Shocking – Dr. Duru

Public Relations expert and communications consultant, Dr. Walter Duru...

Social/ Emotional Learning Software, The Social Express, Touches Down in Africa

The Language Express, Inc., developers of the Award winning...
Exit mobile version