All CBN issued banknotes remain legal tender - ITREALMS

ITREALMS ... making leadership SENSE with digital news!

The apex banking institution in the country, the Central Bank of Nigeria (CBN) has reaffirmed that all its bank notes remain legal tender as issued, reports ITREALMS.

Director, Corporate Communications, CBN, Dr. Isa AbdulMumin, in a press statement available to ITREALMS, said that their attention have again been drawn to reports of a scarcity of cash across some major cities in the country despite assurances of sufficient cash stocks in all locations across
the country.

NCC issues MTN Nigeria with 2.6GHz spectrum

ITRealms:

The Nigerian Communications Commission (NCC) has issued the 2.6 GHz spectrum to MTN Nigeria Communications Limited, reports ITRealms.

Disclosing this in a public notice endorsed personally by the Executive Vice Chairman (EVC) of NCC, Prof. Umar Garba Danbatta, the Commission said Thursday, it is important to inform stakeholders and the general public of this development.

As said by Danbatta, MTN Nigeria emerged sole preferred bidder in the licensing process of the 2.6 Gega Hertz spectrum auction held recently.

He also said MTN has been issued a provisional letter of award having met the conditions of payment of the specified fees for the spectrum.

Additionally, he said that in line with the provisions of the Information Memorandum (IM), guiding the auction process, MTN Communications Nigeria Limited has fully paid the specified fees for Six Slots of 2 x 30 Mega Hertz (MHz) in the 2.6 GHz spectrum band.

Following the above, he said, the Commission has awarded the license to MTN Nigeria Communications Limited.

ITREALMS ... everything news digitally!