Round 7: Bidders raise bar by 6,732,426,53 - ITREALMS

The seventh round ended with all the three bidders raising the bar with $6,732,426,53.

This, ITREALMS reports brought the bid to a total of 

$231,146,643.96 at the closenof the session.

 

The sixth round kicked off with $224,414,217.43 per slot.

The three bidders for the ongoing 3.5 GHz Spectrum auction by the Nigerian Communications Commission (NCC) raised bid to $215,782,901.38 during the 5th round.

The fourth round ITREALMS recalled commenced with $209,497,962.50 at the auction holding at the Transcorp Hilton Abuja.

This also followed the conclusion of the third rounds of the exercise with all the three bidders closing on $204,388,256.10.

ITREALMS recalls that the first round of the ongoing 5G Spectrum license auction, commenced precisely by 12.58 pm on Monday at the Transcorp Hilton in Abuja with the opening bid price of $199,347,000, up from the reserved price of $197.4 million.

ITREALMS also gathered that earlier the three bidders were given 20 minutes to indicate their agreement with the current bid price, reject the price or indicate a much higher price.

Noteworthy is that at the end of the first round all the three bidders agreed to pay the current offer of $199.347 million.

This bidding prince has since gone up into the second and now the third price of $204,388,256.10.

ITREALMS reports that the auction commenced with  a brief ceremony with some remarks by the Minister of Communication and Digital Communication, Professor Isa Ibrahim Pantami, Chairman of the Nigerian Communications Commission ( NCC) board of directors, Professor Adeolu Akande and Executive Vice Chairman of the NCC, Professor Umar Danbatta addressed the participants and observers on the imperative of the spectrum auction.

Representatives of the three bidding firms includes Alhaji Musibau Bashiru the chairman of Mafab Telecom, MTN by the Chief Executive Officer, Mr Karl Toriola and Airtel by the Chief Finance Officer (CFO) Mr. Sreedhar Krishna Menon.

Sophos: Cyberattackers exploiting Apache Log4Shell vulnerability - ITREALMS

Following the reporting of the Apache Log4Shell vulnerability, Sophos has provided new threat intelligence on how cyberattackers are already exploiting or attempting to exploit unpatched systems.

The threat intelligence as detailed in the SophosLabs Uncut report, Log4Shell Hell: Anatomy of an Exploit Outbreak, shows that Sophos is seeing a rapid uptick in attacks exploiting or attempting to exploit this vulnerability, with hundreds of thousands of attempts detected so far.

3.5Ghz auction @6th round with$224,414,217.43 bid - ITREALMS

The sixth round kicked off with $224,414,217.43 per slot with the three bidders still in the race, reports ITREALMS.

The three bidders for the ongoing 3.5 GHz Spectrum auction by the Nigerian Communications Commission (NCC) raised bid to $215,782,901.38 during the 5th round.

3.5Ghz auction @5th round: Bidders remain strong, raise price to $215,782,901.38 - ITREALMS

The three bidders for the ongoing 3.5 GHz Spectrum auction by the Nigerian Communications Commission (NCC) have remained strong as the bar has been raised to $215,782,901.38 even as the 5th round gets underway, reports ITREALMS.

The fourth round ITREALMS recalled commenced with $209,497,962.50 at the auction holding at the Transcorp Hilton Abuja.

This also followed the conclusion of the third rounds of the exercise with all the three bidders closing on $204,388,256.10.

ITREALMS recalls that the first round of the ongoing 5G Spectrum license auction, commenced precisely by 12.58 pm on Monday at the Transcorp Hilton in Abuja with the opening bid price of $199,347,000, up from the reserved price of $197.4 million.

ITREALMS also gathered that earlier the three bidders were given 20 minutes to indicate their agreement with the current bid price, reject the price or indicate a much higher price.

Noteworthy is that at the end of the first round all the three bidders agreed to pay the current offer of $199.347 million.

This bidding prince has since gone up into the second and now the third price of $204,388,256.10.

ITREALMS reports that the auction commenced with  a brief ceremony with some remarks by the Minister of Communication and Digital Communication, Professor Isa Ibrahim Pantami, Chairman of the Nigerian Communications Commission ( NCC) board of directors, Professor Adeolu Akande and Executive Vice Chairman of the NCC, Professor Umar Danbatta addressed the participants and observers on the imperative of the spectrum auction.

Representatives of the three bidding firms includes Alhaji Musibau Bashiru the chairman of Mafab Telecom, MTN by the Chief Executive Officer, Mr Karl Toriola and Airtel by the Chief Finance Officer (CFO) Mr. Sreedhar Krishna Menon.

Remmy Nweke in Abuja

3.5GHz Spectrum auction enters 4th rounds with bidders @$204,388,256.10 - ITREALMS

The 3.5 GHz Spectrum  auction by the Nigerian Communications Commission (NCC) has entered fourth round for the deployment of 5G, reports ITREALMS.

This follows the conclusion of the third rounds of the exercise with all the three bidders closing on $204,388,256.10.

ITREALMS recalls that the first round of the ongoing 5G Spectrum license auction, commenced precisely by 12.58 pm on Monday at the Transcorp Hilton in Abuja with the opening bid price of $199,347,000, up from the reserved price of $197.4 million.

ITREALMS also gathered that earlier the three bidders were given 20 minutes to indicate their agreement with the current bid price, reject the price or indicate a much higher price.

Noteworthy is that at the end of the first round all the three bidders agreed to pay the current offer of $199.347 million.

This bidding prince has since gone up into the second and now the third price of $204,388,256.10.

ITREALMS reports that the auction commenced with  a brief ceremony with some remarks by the Minister of Communication and Digital Communication, Professor Isa Ibrahim Pantami, Chairman of the Nigerian Communications Commission ( NCC) board of directors, Professor Adeolu Akande and Executive Vice Chairman of the NCC, Professor Umar Danbatta addressed the participants and observers on the imperative of the spectrum auction.

Remmy Nweke in Abuja

Konga Yakata 2021 shatters record - ITREALMS

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Konga, Nigeria’s leading e-commerce giant, has drawn the curtains on a hugely successful 2021 edition of its annual Black Friday sale tagged Konga Yakata, with the company witnessing a massive 180% growth in Gross Merchandise Value (GMV).

The record-breaking development comes as the month-long campaign, which commenced on Thursday, November 11 came to an end on Sunday, December 12, 2021.

Fayemi @NIIA60: Canvasses domestic peace, prosperity for meaningful international engagement - ITREALMS

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The Ekiti State Governor, Dr Kayode Fayemi has called for an effective domestic policy and political restructuring for Nigeria to have meaningful international engagement among global communities.

Gov. Fayemi of Ekiti State

The Governor also emphasized the need for the country to address its internal political and economic challenges to be able to utilize its resources in securing its rightful position in Africa.

Makinde admonishes couples on joint decisions - ITREALMS

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Governor ‘Seyi Makinde of Oyo State has admonished couples to have a vision and always take decisions jointly in order to have a successful marriage, reports ITREALMS.

Gov. Seyi Makinde of Oyo State

Also, he urged couples to hold themselves through the situations of life, saying their oneness would always bring greater results.

NCA2003 empowers NCC to develop e-Waste regulation says Danbatta - ITREALMS

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The Nigerian Communications Commission (NCC) has powers under Section 70 of the Nigerian Communications Act (NCA2003) to develop an E-waste Regulation for the telecommunications sector in the country, reports ITREALMS.

This declaration was made by the Executive Vice Chairman and Chief Executive Officer of NCC, Prof. Umar Garba Danbatta in his keynote address at the 2021 ITREALMS E-Waste Dialogue in Lagos on Thursday, December 9 at the Welcome Centre Hotels with the theme: E-Waste in Nigeria: Consumer as key to Circular Economy & 20 years of GSM.

9mobile, NIMC reiterate commitment to effective NIN management - ITREALMS

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Leading telecommunication services provider in Nigeria, 9mobile, has reiterated its support to the nation's identity management commission. 

The telco gave the assurance at the one-day stakeholder engagement workshop and capacity building interactive session organized in collaboration with the National Identity Management Commission (NIMC), held last weekend in Abuja.