According to reports, the Nigerian Communications Commission says it has approved the transfer of Visafone’s shareholding to MTN Nigeria, and not the licence.
Tony Ojobo, NCC’s Public Affairs Director, said in a statement in Lagos on Wednesday that a decision to transfer Visafone licence to MTN has not been taken.
Ojobo said that this was contrary to the speculation that NCC had foreclosed the release of the spectrum held by Visafone to MTN.
He said that the clarification was to allay the fears […]
National President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dr. Bassey Edem, has commended the Central Bank of Nigeria (CBN) for licensing eleven additional international Money Transfer Operators (IMTOs) to operate in the country as part of efforts to liberalize the foreign exchange market, ensure liquidity and make foreign exchange more readily available to low end users.
He said: “We believe that this policy decision is a step in the right direction in ensuring that remittances from […]