NCC steps in, says Etisalat’s licence not transferable

NCC steps in, says Etisalat’s licence not transferable: Citing the Nigerian Communications Act (NCA), the Nigerian Communications Commission (NCC) on Tuesday stepped into the crisis that has enveloped the country’s fourth largest network operator, Etisalat, reminding the consortium of banks that the telecoms firm is indebted to, to the tune of US$1.2m that it cannot take over Etisalat’s operating licence without its approval. (Source: Thisday)

CBN moves to licence private asset management companies: The Central Bank of Nigeria (CBN) has unveiled to members of the public a draft document for licencing of Private Asset Management Companies (PAMCs) that are expected to play complementary roles in the management of non-performing loans in the country. The CBN, in the exposure draft for the licencing and regulation of PAMCs in Nigeria, signed by its Director, Financial Policy and Regulation, Kelvin Amugo, explained that developments in the Nigerian banking industry necessitated the initiative. (Source: Thisday)

FG constitutes panel for US$3trn infrastructure masterplan: The federal government (FG) on Tuesday inaugurated a technical working group (TWG) for the development of the first operational plan for the National Integrated Infrastructure Masterplan. The TWG, with membership drawn from the relevant agencies of government, academia and private sector, is to work on the first operational plan, which is expected to cover the 2017 to 2020 fiscal periods. (Source: Punch)

Leave a Reply