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Nigeria: BPE screening Nitel/Mtel bid proposals

Nigeria's Bureau of Public Enterprises (BPE) has begun the process of screening the technical as well as the financial proposals submitted by bidders for the Nigerian Telecommunications (Nitel) and its mobile subsidiary, Mtel. BPE spokesperson, Chigbo Anichebe, told media that...

Nigeria: Multiple firms show interest in Nitel

Nigerian Telecommunication Limited (NITEL) and Mobile Telecommunications Ltd (MTEL) have attracted as many as 17 bidders who are attracted to their core assets in the ongoing guided liquidation exercise of the national telecommunications carrier. According to dailyindependentnig.com, BPE's Director General Benjamin...

Money laundering suspicions stall NITEL sale

MONEY laundering suspicions against the financier of the New Generation Consortium, which was set to acquire a majority stake in Nigeria Telecommunications (Nitel) Plc, is the cause of the delay in the Nitel sale, the director general of ...

NITEL privatization: MTN bids for SAT-3, Globacom out!

MTN Nigeria has placed a $25 million bid for a stake in the SAT-3 underwater cable in Nigeria’s privatization of Nitel, while Globacom was disqualified from bidding for the conglomerate, including its mobile arm MTEL. According to Reuters, Nigeria’s Globacom...

NITEL board warned against embezzlement

THE Nigerian government has threatened to reign in members of the previous Nitel/Mitel board if it is proven that they abused their positions and stole funds. Vice President Goodluck Jonathan told media this week as he announced a new board...

Globacom eyes ailing NITEL

Spokesperson for the Bureau for Public Enterprises (BPE), Joseph Anichebe, has said that Nigeria’s second national operator (SNO) Globacom expressed an interest in buying ailing incumbent telco NITEL, local paper This Day reports. The news follows the announcement that...

Nigeria terminates sale of NITEL to Transcorp

Christopher Anyanwu the Director General of the Bureau of Public Enterprises (BPE), has announced the withdrawal of the sale of 51 percent equity of Nigeria Telecommunications Plc (NITEL) to Transnational Corporation (TRANSCORP). Anyanwu said the National Council on Privatisation (NCP)...

New investor to take over NITEL in 2009

A new core investor is to take over the Nigerian Telecommunications Ltd., or NITEL and its subsidiary Mobile Telecommunications Ltd., or MTEL, in February 2009, the National Council on Privatization, or NCP, said Tuesday. Nigeria has retained BNP Paribas...
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Digital Identity Verification For Businesses

Digital verification plays an important role in improving security and customer experience in businesses. It involves the use of...
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