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Business

Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

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  https://consumervalue.vercel.app/nominate In a bold step to deepen consumer voice and...

BOOK REVIEW: Personal Cost Control Strategies

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The Swift Ascendant Lands in Abuja: Martell’s Monumental Journey of Audacity Reaches the FCT

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PR Industry Leaders Hail Adejumoh’s Book, Advocate Strategic Shift in Practice

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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NCC Spotlights Renewable Energy on World Consumer Rights Day

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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Capital Market

NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

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Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

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NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

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Insurance

NIA to Honour Past Governing Council Members

The Nigerian Insurers Association (NIA) is pleased to announce...

Nigeria Hosts 1st ECOWAS Brown Card Zonal Meeting 2026 in Lagos

‎The Commissioner for Insurance, National Insurance Commission, Mr. Olusegun...

Heirs Insurance Group, United Capital Partner on Self-Care, Wealth Event for Ambitious Women

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, and United...

NAICOM Pledges Commitment to Labour Standards, Staff Welfare

The National Insurance Commission (NAICOM) reaffirms its strong commitment...

Business

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ICT

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

NCC Spotlights Renewable Energy on World Consumer Rights Day

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Capital Market

NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

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NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

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Insurance

NIA to Honour Past Governing Council Members

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Nigeria Hosts 1st ECOWAS Brown Card Zonal Meeting 2026 in Lagos

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Heirs Insurance Group, United Capital Partner on Self-Care, Wealth Event for Ambitious Women

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, and United...

NAICOM Pledges Commitment to Labour Standards, Staff Welfare

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N1tr Fine: NCC Issues November 16 Deadline to MTN

The Nigerian Communications Commission (NCC) says it has issued a November 16, 2015 deadline to MTN Nigeria to pay the N1 trillion penalty it imposed on the mobile operator for failing to disconnect 5.2 million unregistered SIM cards on its network.

Mr. Tony Ojobo, Director, Public Affairs of NCC told the AFP: “The deadline set for the payment of the fine is November 16.” “The key issue is if MTN breached the law or not. Certainly, there was a breach. And if there is a breach, we will apply the law.”

Ojobo confirmed however that talks were on-going between the NCC, MTN Nigeria and government officials in Abuja on the issue. On the issue of likely sanctions on MTN, Ojobo said the powers of the NCC under the law include “granting or revoking of permits for connection of customer equipment” and “determination of services and new undertakings eligible for licensing from time to time.”

And on MTN failing to meet the November 16 payment deadline, he said: “When we get to the bridge, we will know how to cross it. The deadline set for the payment of the fine is November 16.”

“If the situation will change in any way, then the government at the top will have to so direct. But for now, the mood is to apply the law.” The NCC had issued a directive in August to mobile operators to deactivate all unregistered SIM cards within a period of seven days or face severe penalties.

According to the NCC, MTN Nigeria could not deactivate an estimated 5.2 million unregistered SIM cards on its network within the stipulated seven day deadline. It therefore imposed the N1trillion sanction on the operator to the tune of N200, 000 per each unregistered SIM card.

The fine caused rapid crash of MTN’s shares on the Johannesburg Stock Exchange and raised speculations on the renewal of its GSM licence in 2016 if it fails to pay the fine.

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