UK’s MOBILIST facilitates secondary sale of listed shares @InfraCredit - ITRALMS

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The United Kingdom’s MOBILIST programme has completed a landmark secondary sale of its investment in InfraCredit, Nigeria’s pioneering domestic credit guarantee institution, to five Nigerian pension funds, marking a major milestone in mobilising local capital for infrastructure development.

The transaction represents the largest trade in InfraCredit shares since its listing on the NASD OTC Exchange in April 2025. It enabled five domestic institutional investors; comprising pension funds and insurers, to acquire equity stakes in InfraCredit, with four of them joining the company’s ownership for the first time.

Konga Yakata gets dates for Nigeria’s biggest black Friday sale - ITREALMS

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Nigeria’s leading composite e-commerce giant, Konga, has officially announced the dates for its highly anticipated Konga Yakata 2025, Nigeria’s biggest annual Black Friday sale.

The month-long shopping festival will run from Saturday, November 1st to Sunday, November 30th, 2025, promising shoppers across Nigeria a more exciting, rewarding, and value-packed experience than ever before.

Konga Freedom Sale: Celebrating Nigeria's independence with mega deals - ITREALMS

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Konga, Nigeria's leading composite e-commerce giant, has officially launched its highly anticipated Freedom Sale, coinciding with the nation's 65th Independence Anniversary. 

The two-week promotional campaign, which commenced on October 1st, offers shoppers across the country a unique opportunity to enjoy rock-bottom prices and mega deals on genuine products.

NNPC: Port Harcourt Refinery not for sale - ITREALMS

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The Nigerian National Petroleum Company Limited (NNPC) Ltd has officially scrapped plans to sell the Port Harcourt Refining Company, instead committing to complete a high-grade rehabilitation and retain the plant, reports ITREALMS.

This decision reinforces NNPC's mandate as a strategic custodian of national energy infrastructure and reflects the company's firm resolve to deliver on the complete rehabilitation and long-term viability of Nigeria's refineries.

Tech Week loading: Nigeria’s biggest gadgets sale by Konga - ITREALMS

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Nigeria’s leading composite e-commerce
giant, Konga is excited as preparation to host its annual Tech Week promotion, widely regarded as the biggest gadgets sale in the Nigerian shopping calendar, draws near, reports ITREALMS.

Konga Tech Week is set to run from Tuesday, May 2 to Friday, May 12, 2023.

2023 JAMB Registration ePINs on sale @Remita - ITREALMS

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Leading electronic payment platform, Remita, has commenced the sale of the 2023 Unified Tertiary Matriculation Examination (UTME) ePINs to prospective candidates seeking admission into higher institutions across Nigeria, reports ITREALMS.

As recently announced by the Joint Admission and Matriculations Board (JAMB), the sale of ePINs for 2023 UTME registrations commenced on Saturday, January 14, and ends on Tuesday, February 14, while the Direct Entry (DE) forms will commence on Monday, February 20 and end Thursday 20 April, 2023.

Konga Yakata, biggest sale of year, ends today - ITREALMS

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Shoppers have commenced a huge rush for last-minute deals as the 2022 edition of Konga Yakata ends, Monday, December 12, 2022, reports ITREALMS.

Konga Yakata, the black friday sale of Nigeria’s leading composite e-commerce giant, is widely regarded as the biggest sale of the year in the annual shopping calendar in Nigeria.

Polaris Bank denies plan to sale bank - ITREALMS

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The management of Polaris Bank has denied any purported plane to sale the bank, reports ITREALMS.

A press statement from the bank's top management made available to ITREALMS denied any such plan.

TD Africa @23: Rolls out special anniversary sales - ITREALMS

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TD Africa, Sub-Saharan Africa’s leading tech and lifestyle products distributor, is marking its 23 years of leadership in the ICT distribution segment with a special anniversary sale tagged Sellerbration.

The company turned 23 on Sunday, May 15, 2022.

Dealboku unveils mobile app, begins sale of phones, accessories - ITREALMS

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Nigeria's leading online services and products deals market place, Dealboku has unveiled its mobile app, which is now available on Google play store, reports ITREALMS.

Project director of Dealboku, Mrs Hannah Atomode, in a statement issued on Tuesday, said the iOS version of the mobile app would be available soon on App store.

Yayi 2019: Senator explains why NASS is probing sale of Etisalat – ITREALMS

ITREALMS:

The Senator representing the Lagos State West Senatorial district, Solomon Olamilekan Adeola, aka Yayi has explained why he sponsored the motion to investigate the near-collapse of former Etisalat, a mobile network operator (MNO), now trading as 9mobile, following the operators inability to repay multi-million dollar loan, reports ITREALMS.

Disclosing this to ITREALMS at the weekend during when 2019 campaign train stopped over at the Lagos State Council of Nigeria Union of Journalists (NUJ) at a forum tagged Meet the Press Forum, Senator Adeola, said the motion became imperative because Nigerians have vested interest in the telecommunications companies existence and have invested heavily since it began operation in the country over eight years ago.

This, ITREALMS gathered is coming as the bills for upgrading of Yaba College of Technology, Yaba-Lagos and Federal Polytechnic Ilaro, Ogun State to degree-awarding universities of technologies, have passed first readings respectively.

He told ITREALMS led to the ongoing investigations by a Senate Committee on Banking and Financial Institutions.

Adeola, who also is the pioneer chairman of Senate Ad Hoc Committee on Local Content, told ITREALMS that he sponsored the motion to “investigate Revenue Generating Agencies over alleged leakages non-remittances and misuse of generated revenue by MDAs.”

Additionally, he sponsored motion for legislative investigation of “Local Content Elements and Cost Variation of the Egina Oil Field Project and other Related Matters.”

“It’s noteworthy that all these motions led to Senate resolutions for investigations to expose corruption or inefficiency which indeed is the hallmark of the role of a legislator in oversight duties,” he declared.

According to the Senator, he had sponsored some 15 bills in the last three years including the two seeking to upgrade Yaba Tech and Federal Polytechnic Ilaro to universities of technologies among others.

“So far, I have single handedly introduced 15 bills to the 8th Senate while co-sponsoring many others including the passed, ‘Sexual Harassment Bill and Special Status for Lagos Bill,’” he said.

Remmy Nweke/ED, Ops

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EO6: Buhari bans high profile Nigerians from foreign trips, sale of assets - ITREALMS

ITREALMS:

The President, Muhammadu Buhari may have banned some high profile Nigerians from travelling abroad in accordance with the Executive Order 6 (EO6) recently signed into effect, reports ITREALMS.

Specifically, the president, ITREALMS gathered had instructed the Nigeria Immigration Service (NIS) and other security agencies to block the affected Nigerians, whose list could not be ascertained at press time, from leaving the country or selling their assets.

Confirming this development, the Senior Special Assistant to the President on Media and Publicity, Malam Garba Shehu, informed ITREALMS on a public statement made available to correspondent, Saturday, that this was in the execution of Executive Order 6, which the court week end affirmed its legality.

As said by him, “Following the instant judicial affirmation of the constitutionality and legality of the Executive Order 6 (EO6), President Muhammadu Buhari has mandated the Attorney-General of the Federation and the Minister of Justice, Abubakar Malami, to implement the Order in full force.

“To this end, a number of enforcement procedures are currently in place by which the Nigeria Immigration Service and other security agencies have placed no fewer than 50 high profile persons directly affected by EO6 on watch-list and restricted them from leaving the country, pending the determination of their cases.

“Also, the financial transactions of these persons of interest are being monitored by the relevant agencies to ensure that the assets are not dissipated and such persons do not interfere with, nor howsoever corrupt the investigation and litigation processes.

“It is instructive to note that EO6 was specifically directed to relevant law enforcement agencies to ensure that all assets within a minimum value of N50 million or equivalent, subject to investigation or litigation are protected from dissipation by employing all available lawful means, pending the final determination of any corruption-related matter.

“The Buhari administration reassures all well-meaning and patriotic Nigerians of its commitment to the fight against corruption, in accordance with the 1999 Constitution (as amended) and the general principles of the Rule of Law.

“Accordingly, this administration will uphold the rule of law in all its actions and the right of citizens would be protected as guaranteed by the Constitution.

“We, therefore, enjoin all Nigerians to cooperate with the law enforcement authorities towards ensuring a successful implementation of the Executive Order 6 which is a paradigm-changing policy of the Federal Government in the fight against corruption.”

Chuks Egbune/GEE

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MTN to sale $500m share in Nigeria operation

ITREALMS:

African telecommunications giant, MTN Group Ltd. has revealed plans to raise about 500 million dollars from the sale of shares in Nigeria during the first half of 2018, reports ITRealms.

These shares, ITRealms gathered will be sold to local institutions and individuals, though foreign investors could be brought in to ensure the process is a success.

ITRealms also reports that if successful, the Lagos share sale will be the biggest on the Nigerian Stock Exchange after Starcomms Plc, which raised $796 million when it listed in 2008, according to data compiled by Bloomberg.

ITRealms further reports that MTN had 230.2 million subscribers in 22 countries across Africa and the Middle East as of the end of September, with Nigeria, Iran and South Africa its three biggest markets.

The company has also agreed to sell shares in Ghana as one of the conditions of a deal to gain spectrum rights, while Vodacom Group Ltd., South Africa’s market leader, was ordered to list 25 percent of its Tanzanian business last year, raising $213 million.

Chuks Egbune/GEE

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NCC affirms sale of 9Mobile, reassures stakeholders

ITREALMS:

Apex telecommunications regulator in the country, the Nigerian Communications Commission (NCC) may have affirmed the sale of 9Mobile to Teleology Holdings Limited, reports ITRealms.

This, ITRealms gathered follows assurances to the stakeholders on its commitment to ensure that investors with requisite technical capability and pedigree manages the new 9Mobile, without any refutal to earlier reports on this acquisition. .

The board of NCC, ITRealms also gathered, had reassured stakeholders on its commitment to ensure that the nation’s fourth largest Mobile Network Operator (MNO), EMTS/9Mobile, is duly taken over by investors with the requisite technical capability and pedigree to manage the organization.

NCC at the end of its board meeting Thursday in Abuja, did not refute the news making round that 9mobile has finally landed in the court of Teleology, rather the regulator, choose to reaffirm determination to avoid the recurrence of any missteps that may have led to the current situation.

Reaffirming this indication to ITRealms, the Director, Public Affairs at NCC, Mr. Tony Ojobo, said the board also made it clear that pursuant to the powers conferred on the Commission by the provisions of the Nigerian Communications Act 2003 and other instruments in that regard, the Commission will ensure that all relevant statutory and regulatory processes are duly complied with in the process leading up to the emergence of new owners for the company.

The board therefore assured all stakeholders that the Commission will apply all necessary diligence to see the ongoing sale process through to its logical conclusion in a manner that protects the overall national interest and the seamless operation of the national telecommunications network.

Nonye Dom/GEE

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Related Stories:

• Official: Teleology is preferred bidder for 9Mobil...
• NCC reiterates commitment on 9Mobile sale

NCC reiterates commitment on 9Mobile sale

ITREALMS:

The board of the Nigerian Communications Commission (NCC) has reassured stakeholders in the telecommunications industry of its commitment to ensure that the nation’s fourth largest Mobile Network Operator (MNO), EMTS/9Mobile, is duly taken over by investors with the requisite technical capability and pedigree to manage the organization, reports ITRealms.

Arising from its board meeting held in Abuja on Thursday, February 22, 2018, they affirmed determination to avoid the recurrence of any missteps that may have led to the current situation.

Confirming this to ITRealms in a press statement, the Director, Public Affairs at NCC, Mr. Tony Ojobo, said the board also made it clear that pursuant to the powers conferred on the Commission by the provisions of the Nigerian Communications Act 2003 and other instruments in that regard, the Commission will ensure that all relevant statutory and regulatory processes are duly complied with in the process leading up to the emergence of new owners for the company.

The board therefore assured all stakeholders that the Commission will apply all necessary diligence to see the ongoing sale process through to its logical conclusion in a manner that protects the overall national interest and the seamless operation of the national telecommunications network.

Nonye Dom/GEE

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Related Stories:

• Official: Teleology is preferred bidder for 9Mobil...

Cements for sale online

ITRealms:

For those wondering how to place their order online, its now possible via Jumia, especially those interested in Dangote Cement, reports ITRealms.

In a latest move designed to reduce price and ease logistics inherent in the purchase of its products, the management of Dangote Cement Plc, has signed a pact with the foremost e-commerce platform Jumia Nigeria to offer for sale its cement to customers online.

At the unveiling of the deal in Lagos, Dangote Cement, Key Account Director, Chux Mogbolu said Dangote Cement was happy to partner with online shopping giant, in a bid to make Dangote cement available with ease to customers.

According to the deal, Nigerians and corporate bodies wishing to purchase a minimum of 300 bags of 50kg of Dangote Cement and above can now order on Jumia from the comfort of their rooms at a reasonable price of N2,500 per bag as opposed to how much is sold in the open market and see them delivered to any place of their choice without any extra cost for transportation.

Mogbolu, however disclosed that the purchase would only be within Lagos, Port- Harcourt and Abuja for now.

He said: “Dangote Cement decided to work with Jumia Nigeria based on its credibility and excellent performance over the years in online shopping management”, adding that the new initiative would help arrest the scams perpetrated by online fraudsters who deceived the people by asking them to come and purchase Dangote Cement for N1000 per bag.

“For now, the pilot scheme is live in Lagos, Abuja and Port Harcourt, but we can extend to other cities depending on the level of demand and performance of the new deal”.

“With the deal, Nigerians in need of seamless supply of cement from Dangote can now place order and pay online and wait for the delivery in record time from any of Dangote’s nearest cement plant to Lagos, Port Harcourt or Abuja.

“We are starting with Minimum Order Quantity (MOQ) of 300, 600 and 900. We may increase depending on demand surge as time goes on,” Mogbolu explained.

Nonye Dom/GEE

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CBN to monitor sale of Forex by banks, sets rate @N360

ITRealms:

The Central Bank of Nigeria (CBN) has directed all banks in the country to immediately begin sale of forex for BTA, PTA, Tuition and Medical fees to customers at not more than N360 per dollar, reports ITRealms.

The Acting Director, Corporate Communications at CBN, Mr. Isaac Okorafor, disclosed this in the Federal Capital Territory (FCT) Abuja on Monday.

Also, CBN has directed all banks to ensure immediate posting of this changes in their banking halls nationwide.

“CBN will sell to banks at 357 naira per dollar. Banks are to post the new rates in the banking halls of their branches immediately,” he said.

According to him, CBN would be monitoring this directive by sending examiners to banks to ensure the new rates are implemented and directive complied with.

“Banks are prohibited from selling FX funds meant for invisibles to Bureau De Changes (BDCs),” he said.

Uboshe Uboshe/GEE

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Tonto Dikeh’s domain name for sale

ITRealms:

The world's largest domain name registrar, GoDaddy, is offering TontoDikeh.com, previously owned by Nigerian actress, Tonto Dikeh for sale, reports ITRealms.

Investigations by ITRealms, showed that the domain name, tontodikeh.com may have expired without renewal, hence GoDaddy is offering it for sale.

This has made it possible for anyone who dares to click on the domain name to be shown a banner saying welcome to tontodike.com and that this web page has been parked by GoDaddy.com.

The banner also offers interested buyers the option of taking over the domain with a link to Domain Buy Service.

GoDaddy says it is as old as the Internet itself, as it was born to give people an easy, affordable way to get their ideas online. 

Today, GoDaddy has more than 13 million customers around the world, but its goal is much the same. 

“We’re here to help people easily start, confidently grow and successfully run their own ventures. In short, to help them kick ass, online and off!” officials said.

+Remmy Nweke (ITRealms) 
 
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