₦airaland Forum

There is no network on my MTN sim and everyone I have asked in my street...is this general or limited to the region I am in? Please MTN users are you experiencing the same thing?

Watching in 5D

The Department of Petroleum Resources in Kwara State yesterday, wielded its big stick when it dispensed fuel to motorists and motorcyclists on long queues free of charge at two filling stations caught hoarding the product in Ilorin.The federal agency had before now, severely warned petrol stations across the state to desist from hoarding the products and sell to the people in order to alleviate the transportation sufferings until nemesis caught up with two petrol stations yesterday.

Recall that residents in Ilorin have in the past two weeks been facing acute shortage of the products, resulting in long queues at a few petrol stations dispensing the product, particularly NNPC, while many others closed,forcing many people to embark on trekking long distances to their destinations.

One of the errant stations, Alkad and Sons Nigeria Limited, situated on Olorunsogo, Ilorin, was caught hoarding a total of 2,300 litres of fuel, also known as Premium Motor Spirit, PMS.

In the same vein, Nasmut Nigeria Limited, located at Otte in Asa Local Government Area of the state, a suburb of Ilorin, was also found to be hoarding a large volume of petrol, after which the DPR operation controller ordered that the commodity be sold to members of the public free.

Vanguard reliably gathered that the surveillance team of the department swooped on the stations, following a tip off by concerned citizens that management of the station was hoarding the commodity.

Acting on the intelligence, the team, led by Operation Controller of DPR, Mr Salvation Philip, dug up the station’s stock and uncovered 2300 litres of fuel in AlKAD and Sons Nigeria limited, while the station had allegedly told distraught buyers that it had exhausted the stock.

http://www.vanguardngr.com/2015/11/fuel-hoarding-drama-as-dpr-uncovers-2-petrol-stations/

United all the way!!


how many likes for Man.Utd??

Three days after Nigerian Communications Commission, NCC slammed a N1.4 trillion penalty on MTN Nigeria for failure to disconnect customers with unregistered SIM cards, Parent company MTN group has cried out that the fine was too extreme, even as it continues to engage the regulator on how to resolve the issue.

MTN Group noted with dismay that Nigerian Communications Commission refused to listen to its plea to reconsider its stand on the penalty slammed on its Nigerian arm last week.

According to a report, MTN Nigeria spokeswoman, Chineze Gbenga-Oluwatoye, had said in an e-mailed response, that “recommendations were put forward with respect to the non-commensurable nature of the fine but the Nigerian Communications Commission did not accept recommendations that the fine of 200,000 Naira ($1,005) per SIM was too heavy.”

‘‘MTN Nigeria contacted the regulator with concerns that a demand to disconnect SIM cards by a certain deadline would cause “severe disruption” for customers and recommended a staggered process to limit the possible impact,’’ said Oluwatoye.

As a result of the fine, MTN shares plummeted about 20 percent this week in Johannesburg. The biggest four-day drop since 2008, valuing the company at about 284 billion rand ($21 billion).
The phone operator had said on Monday that the Nigerian Communications Commission is seeking the penalties because it missed a deadline to disconnect 5.1 million subscribers and is reviewing its management in the country.

Moody’s Investors Service had on Thursday lowered it’s rating for MTN to negative from stable following the fine.

“Key concerns raised to the NCC highlighted the difficulty of carefully reviewing the data on 18.6 million records within the one week deadline to ensure identification and disconnection of only affected subscribers,” Oluwatoye added.

Meanwhile, Financial analysts have pointedly said that Nigeria government is at risk of scaring off investors it can’t afford to lose if the N1.4 trillion fine slammed on MTN holds through.

With an economy struggling to cope with sliding oil prices, the experts said currency restrictions and no finance minister, authorities are doing themselves no favors by penalizing one of their biggest foreign investors.

According to fund managers including David McIlroy of Alquity Investment Management Limited, the fine equates to more than 20 percent of Johannesburg-based MTN’s market value.

“It’s the last thing Nigeria needs, given the economic and political struggles it’s contending with at the moment,” McIlroy, chief investment officer at Alquity, which oversees $100 million of frontier market stocks, including MTN shares, said by phone from London.
http://www.vanguardngr.com/2015/10/n1-4trn-penalty-too-heavy-to-bear-mtn/

My able VP

Cutie

Africa Magic

Obodo999:
What a waste of a puccy

A foolish comment from a foolish slowpoke

Ok

Not surprised or amazed like LVG

eduwando:
So sorry,I wish there some thing I can do about your situation but unfortunately there none,I expects you die before hate will kill you,kill your mother join

As it has destroyed ur generations

anyaekekehinde:
are they helping to destroy virginia ?

Story for the gods...

Anamachi3:
U need common sense but we gat a problem becoz common sense this day is not common to hv

I can see you have more than enuff common sense..

OPONU

SE

[quote author=CHIDIEJIOGU post=39376791][/quote]What z dis 1 sayin??

nightmile:
Tell them you are not Igbo cos you are not a prostit..

Lol

mavinc4u:
Thanks dear. living in peace is what makes the world a better place for everyone. Imagine living without hatred for one another, I bet you devil would be in trouble because he would be left alone.

Gbam!!!

kayce911:
the pix in ur dp look as beautiful as an Igbo girl but your comments says a different thing.

Omo yoruba ni mi o...

Watching in 7D

DukeNija:
Why have you decided to be a daughter of hate?

Dude where did u see any hate comment in my post or do u need glasses

I'll get dere

True

Silence...shhh!!! z d best answer 4 u...

They'll start saying they help in developing Virginia very soon...

shadrach77:
When was he appointed? He is not from the Giesi ruling dynasty

He is from Giesi bro...

Ok...the abobaku would be younger

May you find ur Father IJN

mavinc4u:
Is easy to spot your type; full of envy and hatred. I quote you to bring back your Senses and sight because is obvious you are suffering from night blindness. Sorry dear but I don't really care the party you belong, I only did the needful as usual. You can continue cursing yourself and your generations okay. Tata!

You must be high on Ethiopia weed, did I call your name or call ur father's name? I think you are an outcome of a wasted sperm...id!ot...

Quote me at ur own peril bast@rd...

mavinc4u:
If he looks old then you look older.

Must you quote me?? Wailer seeking attention oshi..

pmann2:
U need glasses

Must u quote me?? Morafucka