Business Headlines

PTAD adds 9,125 NITEL/MTEL retirees on monthly payroll

Ihesiulo Grace 22 October 2018 0

The Pensions Transitional Arrangement Directorate (PTAD) has added 9,125 ex-workers of the NITEL/MTEL to the monthly pension payroll after twenty five years of uncertainty post-privatisation of the firm. PTAD Executive Secretary, Mrs Sharon Ikeazor, who stated this at the weekend, added that

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PTAD commences verification of NITEL, MTEL pensioners at Enugu

Ihesiulo Grace 18 January 2018 0

Over 22, 000 ex-employees involved The Pension Transitional Arrangement Directorate (PTAD) has commenced the verification of over 22,000 employees of Nigerian Telecommunications Limited (NITEL) and its mobile arm MTEL with the aim of paying them their pension arrears. The Executive Secretary of PTAD, Mrs. Sharon Ikeazor, disclosed this in Enugu, while declaring open the

Tech

IT Stakeholders Express Reservation on NATCOM Ability to Revive NITEL

Ihesiulo Grace 5 May 2015 0

Stakeholders in the country’s telecommunications industry have expressed their reservation on the ability of NATCOM the new owners of Nigerian Telecommunications Limited (NITEL) and its subsidiary Mobile Telecommunications Limited (MTEL) to revive the distressed national carrier. This is coming as fallout of the recent approval given by the federal government to hand over

Business

FG Hands over NITEL/ MTEL to New Owners

Ihesiulo Grace 29 April 2015 0

The liquidated assets of Nigerian Telecommunications Plc (NITEL) and Nigerian Mobile Telecommunications Limited (MTEL) have been formally handed over to new private sector owners in Abuja Tuesday. Vice President Sambo stated during the formal handover ceremony that Nigeria would not attain the desired economic growth without adequate reforms and liberalisation of the

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NATCOM Consortium Completes Sales Payment for NITEL, MTel

Ihesiulo Grace 13 April 2015 0

  NATCOM Consortium, the preferred bidder of Nigerian Telecommunications Limited (NITEL) and its mobile arm, Nigerian Mobile Telecommunication (MTEL), has finally paid $176,575,700 (N29, 696,469,600) being the outstanding 70 per cent of the $252,521,000 bid price for the acquisition of the assets and business units of the enterprises. NATCOM had on January 6, 2015