Economy
NCC Approves MTN’s Spectrum Renewal Deal
- Share
- Tweet /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://naijablitznews.com/wp-content/uploads/2024/02/NCC.jpg&description=NCC Approves MTN’s Spectrum Renewal Deal', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
The Nigerian Communications Commission (NCC) has granted approval for the renewal of MTN Nigeria’s spectrum lease agreement with Natcom Development and Investment Limited (NTEL).
This renewal will allow MTN to enhance its network services and expand coverage across multiple states in Nigeria.
According to MTN’s Company Secretary, the agreement covers NTEL’s 5MHz frequency division duplex (FDD) in the 900MHz spectrum band and 10MHz FDD in the 1800MHz spectrum band. This lease spans 19 states and has been renewed for an additional two years, effective May 1, 2025.
Additionally, the NCC approved a one-year lease expansion of the spectrums to cover the remaining 17 states and the Federal Capital Territory (FCT). This extension will take effect on January 1, 2025.
MTN Nigeria’s Chief Executive Officer, Karl Toriola, expressed satisfaction with the agreement. He stated, “We are pleased with the renewal of the spectrum lease agreement with NTEL, which now includes coverage for all states, including the FCT.
“The lease enables us to enhance our 3G and 4G user experience as we improve coverage and capacity by utilizing the spectrums. This positions us to capitalize on the growing demand for data and improve the delivery of services to our customers,” he added.
The renewed agreement is expected to further improve MTN’s ability to provide reliable and high-quality connectivity services, meeting the increasing demand for data and digital services nationwide.
See Exchange Rate As Naira Gains 0.07%
The Black Market Dollar-to-Naira Exchange Rate for 14th September 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
The exchange rate fluctuates hourly based on the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 14th September 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1390 and buy at ₦1380 on Monday, 14th September, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1390
Buying Rate ₦1380
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1330
Lowest Rate ₦1326
The pump price of petrol has risen to as high as N1,430 per litre in parts of Abuja following an increase in the wholesale price of Premium Motor Spirit by the Dangote Petroleum Refinery.
The refinery raised its gantry price from N1,265 to N1,350 per litre, representing an N85 or 6.7 per cent increase, as international crude oil prices continued to climb.
The latest adjustment has already triggered fresh increases at filling stations across the Federal Capital Territory, with motorists paying between N1,395 and N1,430 per litre, depending on the outlet.
Checks in Abuja on Sunday showed that MRS filling stations had moved their pump price from N1,350 to N1,395 per litre, while NIPCO increased its price to N1,430. Mobil outlets also raised theirs to N1,400 per litre.
An attendant at an MRS outlet, who spoke on condition of anonymity, said motorists should expect another increase as stations begin receiving products purchased at the new depot price.
“We are currently selling our old stock at N1,395 per litre, but from tomorrow, once the new stock arrives, the price will be higher,” she said.
The development has raised concerns among economists and other stakeholders over its likely effect on transportation, food prices and the wider cost of living.
An economist and development expert, Aliyu Ilias, warned that another increase in petrol prices could push up inflation, arguing that higher fuel costs would eventually be reflected in transportation and production expenses.
Similarly, former Secretary-General of the Organisation of African Trade Union Unity, Owei Lakemfa, urged the Federal Government to strengthen regulation and economic planning to cushion consumers from fluctuations in global crude prices.
Lakemfa argued that domestic petrol prices should not automatically rise whenever geopolitical tensions cause crude prices to increase internationally, stressing that Nigeria’s status as a crude oil producer should give it an advantage in refining and supplying petroleum products locally.
Meanwhile, the National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said marketers had been forced to adjust their pump prices following successive changes in the refinery’s pricing.
Ukadike said the frequent adjustments were creating uncertainty for both petroleum dealers and consumers because the cost of replacing existing stock could change within a short period.
The Black Market Dollar-to-Naira Exchange Rate for 12th September 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
The exchange rate fluctuates hourly based on the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 12th September 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1380 and buy at ₦1392 on Saturday, 12th September, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1380
Buying Rate ₦1392
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1326
Lowest Rate ₦1326
ALERT! Terrorists planning attacks on worship centres, schools, NYSC camps – Police issue alert
JP Morgan Returns Nigeria to Global Bond Index After 11 Years
“Lecturers pledging loyalty to TInubu cannot supervise elections”-Atiku tells INEC
-
News15 hours agoThey Are Permanently Silent – Ortom Challenges Alia To Account For ₦1.2trn FAAC Revenue Since 2023
-
News15 hours agoSad! Cross River Commissioner dies in Abuja
-
Entertainment15 hours agoCeline Dion Weeps On Stage As She Returns To The Stage After Six Years
-
Politics15 hours agoComparative analysis as Obi lists ten achievements in public office, Tinubu’s ten failures as president
-
News15 hours ago2027: Why Igbos May Not Vote APC Despite Governors’ Defection — Party Chieftain
-
News15 hours agoArmy Denies Reports Of Islamic Scholars Abduction In Senator Yariu’s House
-
Economy9 hours agoSee Black Market Dollar To Naira Exchange Rate Today 14th September 2026
-
Economy15 hours agoPetrol price hits N1,430 as Dangote raises depot rate
Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49
You must be logged in to post a comment Login