Business
FG concludes deal with Ericsson for 5G development
FG concludes deal with Ericsson for 5G development
Nigeria has signed a Memorandum of Understanding (MoU) with telecom giant Ericsson for a 5G Innovation Lab.
The Vice President led other Nigerian officials in signing a Memorandum of Understanding aimed at positioning the country as one of the world’s top 5G network users in terms of productivity and enhancing Nigeria’s technological capabilities.
It was signed on Friday at Ericsson’s Global Headquarters and Research and Development Lab in Kista, Sweden, which is located north of Stockholm.
The ceremony was witnessed by Vice President Shettima, and Ericsson’s Senior Vice President and Head of Business Area Middle East and Africa.
A statement issued by his spokesman, Stanley Nkwocha, informed that Minister for Communications and Digital Economy, Dr. Bosun Tijani, signed the MoU on behalf of the Nigerian government, while Peter Olusoji Ogundele, Country Manager, Ericsson Nigeria, signed on behalf of the telecom giant.
It explained that 5G is the fifth generation of cellular networks said to be 100 times faster than 4G, thereby creating unprecedented opportunities for people, businesses and technology across the world.
Outlining the importance of the MoU, Minister for Communications, Dr. Tijani, expressed optimism that Nigeria will make the most of 5G technology as its wide coverage will lead to rapid development and growth of the Nigerian economy.
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The Minister said, “It is important that we use the strength of the VP’s visit to truly deepen the relationship with some of our tech partners, and that is what the VP is doing in all the meetings he has had.
“So we signed the MoU to set up an Innovation Lab with Ericsson, and the focus of that Lab will be to come up with applications based on 5G technology for our projects and practices in agriculture, mining, education, as well as for the general usage of connectivity to improve the quality of life for our people.
“Again, the President’s Renewed Hope Agenda, in particular, ties into what we are trying to do with the reforms. The aim of the reforms is to diversify our economy, and it is clear that we cannot diversify our economy without digital technology.”
Vice President Shettima, while being briefed on the company’s technological evolution, radio spectrum matters, standardisation, as well as Cyber and Network Security, inquired about the possibility of deploying 5G technology to help Nigeria improve security of oil facilities, prevent oil theft, and pipeline vandalization.
Shettima noted that it was crucial for management and planning of the nation’s oil economy.
The statement also informed that Vice President Shettima met with Swedish Prime Minister Ulf Kristersson in Stockholm today.
The high-level talks focused on strengthening bilateral relations, with discussions covering trade expansion, strategic partnerships, regional security cooperation, deepened collaborations, and proactive interventions.
Shettima was joined in the talks by Plateau State Governor, Barr. Caleb Mutfwang; Minister of Foreign Affairs, Ambassador Yusuf Tuggar, and some Embassy officials.
FG concludes deal with Ericsson for 5G development
Auto
Carloha announces Chery SUV gift for NAPE Charity Golf Tournament winner
Carloha announces Chery SUV gift for NAPE Charity Golf Tournament winner
Ultimate winner of the forthcoming NAPE Charity Golf Tournament holding in Abuja will drive home Chery Tiggo 8 Pro, a superlative sport utility vehicle.
Carloha Nigeria, one of the major sponsors of the event, disclosed this in a statement issued in Lagos.
The golf tournament is scheduled to take place at the prestigious IBB Golf & Country Club, Abuja, on October 26, 2024.
Carloha, franchise holder and assembler of Chery vehicles in Nigeria, said its sponsorship of the tournament was part of its commitment to fostering sports development in the country.
Part of the statement read, “Chery is offering its flagship SUV, the Tiggo 8 Pro as the ultimate prize for any player who achieves a hole-in-one during the tournament.
“This event promises to be an unforgettable experience for golf enthusiasts and those passionate about positively impacting our community.”
It specifically noted that the highlight of the tournament would be the incredible hole-in-one winning feat attracting a prize of Chery Tiggo 8 Pro generously provided by Carloha without insurance premium coverage for the tournament.
This prize is said to underscore Chery’s support for sporting initiatives in Nigeria and reflect the brand’s passion for nurturing talent and promoting community engagement through sports.
Director of Sales for Carloha Nigeria, Mr. Joseph Omokhapue, said, “We are glad to be one of the major partners in the NAPE Charity Golf Tournament, and offering an amazing prize for the hole-in-one with Tiggo 8 Pro represents Chery’s dedication to supporting sports in Nigeria, as well as enhancing the excitement and competitiveness of the tournament, making it an event to remember.
“More importantly, this gesture is one of the many ways Carloha is contributing to the underprivileged in our society by associating with the NAPE Charity Golf Tournament.”
By participating in this prestigious event, Golfers have the chance to showcase their skills and also contribute to a worthy cause.
Proceeds from the tournament would go towards supporting local charities, creating a lasting impact on the lives of those in need, the statement added.
The Tiggo 8 Pro, according to the firm, is renowned for its luxury, cutting-edge technology, stylish design, dynamic performance, and it perfectly embodies Chery’s dedication to excellence for on and off-road experience.
The Tiggo 8 Pro features an elegant, high-tech electronic gearshift system that provides effortless and precise control, enhancing safety performance and ease of operation, adeptly tailored for the diverse terrains of Nigeria.
It urged golfers and sports enthusiasts to get ready to swing for success at the NAPE Charity Golf Tournament.
“We look forward to seeing you at the IBB Golf Country Club as we come together to make a difference, promote sports development in Nigeria, and celebrate the Chery brand,” it stated.
As part of its commitment to make vehicle ownership easy and affordable for all, Carloha Nigeria offers a remarkable 6-year warranty/200,000 kilometers, 6-year free service on all Chery vehicles, a flexible auto financing solution with the best price for all vehicles, and 24/7 services and parts support nationwide.
This ensures that owners can enjoy their Tiggo 8 Pro with confidence, knowing they have reliable support and service from Chery for years to come.
Auto
NNPC to establish 40 new CNG stations nationwide
NNPC to establish 40 new CNG stations nationwide
The Nigerian National Petroleum Company (NNPC) has acquired equipment to establish 40 new Compressed Natural Gas (CNG) stations across the country, as part of efforts to expand CNG infrastructure.
This comes as the Federal Government aims to set up 100 CNG stations within six months.
Oluwagbemi Michael, Director of the Presidential CNG Initiative, revealed the plans during an event in Ogun State.
He noted that 12 CNG stations were set up in the past year, six in Abuja and six in Lagos, with further expansion underway.
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This move follows concerns over the limited availability of CNG stations, which has slowed the adoption of CNG as an alternative to petrol.
Michael highlighted ongoing investments in infrastructure, including a recent N122bn funding for private companies involved in CNG distribution.
He also mentioned the government’s plan to distribute one million CNG conversion kits to commercial drivers, which is expected to increase demand and attract more investors to the sector.
Additionally, existing petrol stations are being upgraded to include CNG refuelling points, with 40 such upgrades planned by the NNPC.
NNPC to establish 40 new CNG stations nationwide
Business
MTN threatens to shut down services without tariff hike
MTN threatens to shut down services without tariff hike
MTN Nigeria has warned of a potential shutdown if tariffs are not increased to address the rising operational costs that are threatening the profitability of the telecommunications sector.
During a tour of MTN’s facilities in Ibeju-Lekki, Lagos, MTN’s CEO, Karl Toriola, said the telecom sector has been facing significant financial losses and urgent measures are needed to reverse the trend.
Toriola pointed out that MTN, which currently has around 78 million subscribers, is operating on reserves accumulated over the past two decades, a situation he described as unsustainable.
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The company’s operating costs, especially diesel prices needed to power its base transceiver stations, have surged, adding pressure to its financial performance, he added.
The CEO stressed the importance of returning the telecom industry to profitability, warning that without a tariff hike, MTN might be forced to shut down operations.
“There should be no delusion; if the tariff doesn’t go up, we will shut down,” he said.
He noted that MTN, once one of the largest corporate taxpayers in Nigeria, has seen a decline in its tax contributions due to the financial challenges the sector is facing.
MTN threatens to shut down services without tariff hike
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