Business
Double trouble for MTN, Glo as NCC fines both N34m over non-compliance to rules & regulations
The Nigerian Communications Commission (NCC) has fined MTN Nigeria and Globacom Ltd (Glo) a total of N34 million for breach of the Mobile Number Portability (MNP) business rules and regulations.
The regulatory body made this known in its “2015 Q4 Compliance Monitoring and Enforcement Reports’’ obtained by the News Agency of Nigeria (NAN) on Sunday in Lagos.
In the report, NCC noted that of the N34 million sanction for number porting breach, Globacom was fined N22 million, while MTN was fined N12 million.
NAN recalls that in the “2015 Q3 Compliance Monitoring and Enforcement Reports’’, NCC had resolved to monitor and sanction violations with MNP process time obligations said “to address the increasing cases of port request rejections’’.
The commission said that series of compliance checks were carried out regarding timer violations by Donor operators with respect to “validation and deactivation responses’’ which had timelines of 2 hours and 1 hour respectively.
According to the Q3 report, there is a timer deactivation violation by MTN, regarding a Corporate Port request of over 109 lines belonging to Nigerian Breweries Plc.
“The company had initiated a corporate port out request from MTN to Glo via lead Mobile Station International Subscriber Directory Number (MSISDN): 07036735494 on Aug. 11, 2015 at 1.20 p.m. but was partially completed as at 11.22 a.m. on Aug. 14, 2015.
“As a result, these subscribers were not able to receive calls from MTN subscribers.
“In the same vein, a timer validation violation by MTN regarding four individual Port requests from MSISDNs: 08139382308, 08143810152, 08135485305 and 08162108093.
“MTN breached the allowable two hours for validation of four port requests from the NPC, as stated in the MNP Business Rules,’’ it said.
The 2015 Q3 report also showed that there was a timer validation violation by Glo regarding 11 individual and one corporate Port requests.
It said that Glo had breached the two hours allowable for validation of six port requests from the NPC as stated in the MNP Business Rules.
Glo validated one of these port requests over nine hours after receipt from the MNP administrator.
The report also said that Glo breached the allowable one hour for the Donor to deactivate 147 Ported out lines belonging to Reckitt Ltd, consistent with provisions of the MNP Business Rules.
It however, said that all the above timer violations were undergoing enforcement actions.
After investigations by the regulatory body, MTN and Globacom were found wanting, hence, sanctioned to the tune of N34 million in the Q4 2015.
The telecoms umpire, in its `2015 Q4 Compliance Monitoring and Enforcement Reports’ said that the two telecoms companies had paid the fine.
According to the commission, its activities are consistent with Section 89 of the Nigerian Communications Act 2003.
The section mandated NCC to “monitor all significant matters relating to the performance of all licensed telecoms service providers and publish annual reports at the end of each financial year’’.
NCC explained that it had developed Compliance Monitoring and Enforcement strategies to ensure fair competition, ethical market conduct and optimal quality service in the telecom industry.
Business
PUBLIC NOTICE*: Revalidation of UNIPGC Organizational Status
*PUBLIC NOTICE*: Revalidation of UNIPGC Organizational Status
To prevent any misunderstanding regarding our affiliation with the United Nations, we hereby provide a formal clarification on the status and identity of the United International Peace and Governance Council (UNIPGC), formerly known as IPGC.
UNIPGC is an independent Civil Society Organization and Non-Governmental Organization with continental chapters registered in the United States, Germany, Canada, and several countries across Africa. The organization is committed to promoting the values and principles of the United Nations, particularly in advancing Sustainable Development Goal 16 (Peace, Justice, and Strong Institutions), as well as advocating for good governance globally.
In furtherance of its mandate, UNIPGC has established partnerships with reputable diplomatic civil society organizations, including the United Nations Association of Nigeria and the United Nations Association of Ghana. These collaborations are aimed at strengthening its engagement with initiatives aligned with United Nations ideals.
Additionally, UNIPGC has entered into diplomatic relations with the International Organization for Economic Development (IOED), an Intergovernmental Organization (IGO), to enhance its capacity for international cooperation and diplomatic engagement.
We wish to clearly state that UNIPGC is **not** an entity, agency, or organ of the United Nations.
Members of the public and media practitioners are respectfully advised to refer to the organization by its full and correct name: **United International Peace and Governance Council (UNIPGC)**, and not as the United Nations.
Thank you.
Business
Laffmattazz Announces Strategic Partnership with First Bank of Nigeria Limited for 2026 International Tour
Laffmattazz Announces Strategic Partnership with First Bank of Nigeria Limited for 2026 International Tour
Laffmattazz, one of Nigeria’s foremost comedy and live entertainment brands, is pleased to announce its official partnership with First Bank of Nigeria Limited for the highly anticipated Laffmattazz 2026 International Tour, themed “Next Chapter: A New Season of Laughter.”
Now in its 15th year, Laffmattazz—the brainchild of renowned Nigerian comedian Gbenga Adeyinka (Gbenga Adeyinka 1st)—has evolved into a cultural phenomenon, celebrated for its seamless fusion of comedy, music, and live stage performances.
The 2026 tour, which kicked off on Easter Sunday, April 5th, 2026 at the Jogor Centre, Ibadan, marks a significant milestone in the brand’s journey. Building on over a decade of success across Nigeria, this year’s edition signals a bold expansion into the international market, with a multi-city run in Canada, alongside major stops in Akure, Abeokuta, and Lagos.
This strategic partnership with First Bank of Nigeria Limited underscores a shared commitment to excellence and innovation. It is also aligned with FirstBank’s First@Arts initiative—a significant and ongoing program dedicated to supporting the creative arts, entertainment, and cultural sectors. Through this initiative, FirstBank provides financing, advisory services, and actively fosters a sustainable value chain for artists and creative entrepreneurs, while supporting key industry platforms such as the Nigerian Entertainment Conference.
Speaking on the collaboration, the Laffmattazz team stated:
“We are delighted to welcome First Bank of Nigeria Limited as a strategic partner for the Laffmattazz 2026 International Tour. As we mark 15 remarkable years of Laffmattazz, this partnership reinforces our vision to take premium Nigerian entertainment beyond borders, while delivering even bigger, better, and more memorable experiences for our audiences.”
As a key partner, First Bank will enrich the tour through innovative customer engagement initiatives, experiential activations, and exclusive fan experiences across all tour locations.
With its distinctive blend of humor, culture, and live entertainment, the Laffmattazz 2026 Tour is poised to connect audiences across cities and continents, bringing laughter to thousands of fans worldwide.
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About Laffmattazz
Laffmattazz is a premier Nigerian comedy and entertainment brand, now in its 15th year, renowned for its vibrant live shows and nationwide tours. Founded by Gbenga Adeyinka 1st, the brand continues to deliver high-quality experiences that celebrate creativity, culture, and laughter.
About First Bank of Nigeria Limited
First Bank of Nigeria Limited is Nigeria’s oldest financial institution, widely respected for its legacy of trust, innovation, and customer-centric financial solutions that support economic growth and development. Through its First@Arts initiative, the Bank continues to play a pivotal role in empowering the creative industry and driving sustainable growth across the sector.
Business
MREIF is Better: FirstBank’s Mortgage Loan Is the Game-Changer for Home Ownership in Nigeria
MREIF is Better: FirstBank’s Mortgage Loan Is the Game-Changer for Home Ownership in Nigeria
Anyone who has tried to get a loan to buy a house in Nigeria knows the drill: endless forms, property valuation, and eventual down payment of a minimum 25% or more on the property. Sometimes, interest rates could go as high as 30% per annum, while the typical loan limit is N50 million.
Now, FirstBank is making homeownership more attractive.
FirstBank, in partnership with the Ministry of Finance Incorporated (MOFI), has introduced the MREIF Home Loan. MREIF loan is a game-changer, offering a single-digit interest rate of 9.75% per annum, with a loan amount of up to ₦100 million and a repayment period of up to 20 years. This is perfect for salaried individuals, including Nigerians in the diaspora, looking to purchase homes in approved locations.
The MREIF loan stands out with its lower interest rate, higher loan amount, and flexible equity contribution as low as 10%. This makes it an attractive option for those seeking affordable homeownership.
You are one quick decision away from being a landlord.
If you’ve been waiting for the right time to buy a home, FirstBank’s MREIF Home Loan is the smartest route to owning property in Nigeria today. Visit the FirstBank website https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/ to get started.
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