Business

Glo Unveils New Reduced Tariff Plan for Subscribers

Published

4 years ago

July 29, 2020

Eric

Globacom has unveiled a new tariff plan, which allows subscribers on its network to call all networks in the country at 11k per second.

The plan, which is another move by the company to give its customers a unique calling experience is also expected to help cushion the effect of the COVID-19 pandemic.

Globacom, in a statement in Lagos, said subscribers who opt for the plan will be charged an access fee of N7, which will be billed alongside their first call of the day, after which they will be able to make calls to all networks in Nigeria at 11 kobo per second (exclusive of tax) for the rest of the day.

It stated further that the access fee of N7 will be waived for any customer who does not make any call but only receives calls throughout the day.

The company said that international calls and SMS rates remain unchanged, adding that customers on the new tariff plan will pay the standard SMS and IDD tariff. It, however, added that customers can enjoy better international call rate on the Glo network by purchasing any of the IDD packs available.

Globacom said: “It is our desire to continually delight our customers with innovative products and services at the most competitive rates in the country,” adding that “This new tariff plan is another manifestation of that burning desire to add value to the lives of our customers and make it more convenient and affordable for them to communicate with one another”.

Customers can access the new tariff plan by dialing *311# and he or she will be automatically migrated to the Glo 11k per second plan.

The new tariff plan is open to both existing and new prepaid customers.

Meanwhile, the Nigerian Communications Commission (NCC) has released a chart on data subscriptions in 2020.

The chart on its website shows a steady rise in the number of subscribers to internet data via different technologies from July 2019 till date.

The chart revealed that in July 2019, data subscription stood at 174, 950,011, but rose to 196, 379, 542.

According to the commission, the chart “contains the sum total of all active telephony subscribers and teledensity as calculated on monthly and annual basis.’’

The Commission defined teledensity ‘’as the number of active telephone connections per one hundred (100) inhabitants living within an area and is expressed as a percentage figure.’’

Business

FirstBank Appoints New MD/CEO, Alebiosu

Published

3 days ago

April 22, 2024

Eric

First Bank of Nigeria has appointed Olusegun Alebiosu as its new Managing Director with effect from April 2024.

The Bank stated this in a release signed by its acting company secretary Adewale Arogundade.

Alebiosu takes from Adesola Adeduntan, who resigned abruptly on Saturday with eight months left to complete his tenure in December 2024.

The release stated that “following the resignation of the managing director/CEO of FirstBank, Dr. Adesola Adeduntan, the Board of Directors has appointed Olusegun Alebiosu as the acting CEO of the 130-year-old institution.

“The appointment takes effect immediately and is subject to the approval of the Central Bank of Nigeria.”

The release stated that Alebiosu was until this appointment the executive director, chief risk officer and executive compliance officer since January 2022. Prior to that, he was the Group executive/ chief risk officer, a position he held since 2016.

“Alebiosu brings to the executive management of FirstBank over 28 years’ experience in the banking and financial services industry with cross-functional exposure to Credit risk management, Financial planning and control, Credit and marketing, Trade, Corporate and commercial banking, Agriculture financing, Oil and Gas, Transportation (including Aviation and Shipping) and Project financing.”

It added that the new acting MD/CEO commenced his professional career in 1991 with Oceanic Bank Plc (now EcoBank) and prior to joining FirstBank in 2016 served as Chief Risk Officer at Coronation Merchant Bank Limited, Chief Credit Risk Officer at African Development Bank Group and Group Head, Credit Policy & Deputy Chief Credit Risk Officer at United Bank for Africa Plc.

“He is an alumnus of Harvard School of Government and holds a Bachelor’s degree in Industrial Relations and Personnel Management. He also obtained a Master’s degree in International Law and Diplomacy from the University of Lagos and holds a Master’s degree in Development Studies from the London School of Economics and Political Science.

“He is a member of various professional bodies namely, Fellow, Institute of Chartered Accountants (FCA), Associate, Nigeria Institute of Management (ANIM), Chartered Institute of Bankers of Nigeria (CIBN) and Member, Nigeria Institute of International Affairs.”

Business

Again, Naira Slumps Against Dollar, Trades at N1,169/$1 in Official Window

Published

4 days ago

April 20, 2024

Eric

The Naira, on Friday, slumped for the second consecutive day against the American dollar at the official window trading at N1,169/$1, according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).

At the end of trading on Friday, the Naira lost N15 against the dollar when compared to the previous exchange rate of N1,154/$1 on Thursday, April 18, 2024.

The intra-day high and low recorded during the day were N1,236/$1 and N1,021/$1 respectively, representing a lean spread of N215/$1.

Similarly, the Naira slumped against the dollar at the parallel market for the second consecutive day to trade at N1,150/$1 representing a loss of N50 when compared to the N1,100/$1 it traded the previous day.

The British Pound also slumped against the Naira by N50 to trade at N1,500/£1 as against the previous trading price of N1,450/£1 representing a loss of N50 for the local currency,

The Canadian dollar however closed flat against the Naira to trade at N1,000/CA$1 same as the previous trading day rate of N1,000/ CA$1.

The Euro also slumped against the Naira to trade at N1, 280/€1 as against the rate of N1,200/€1 the previous trading rate indicating a gain of N80 in the European currency.

Business

Glo Launches New Internet Solution Products for Homes, Businesses

Published

2 weeks ago

April 8, 2024

Eric

Two new products, which provide internet connectivity solutions specially designed for Residential and SME commercial customers, have been unveiled by digital solutions company, Globacom.

The products, Fibre to the Home (FTTH) and Fibre to the Business (FTTB) were packaged for Glo customers to enjoy reliable and high speed internet through linked fibre services.

Globacom said in a statement in Lagos “With these services, businesses and homes can access dedicated internet speeds of up to 1GBps, allowing unlimited internet usages for seamless video calls, video and music streaming and a whole lot of other dedicated usages to promote business success and equally provide endless entertainment for homes”.

It explained that the new product comes with a unique opportunity for “Residential Estates, High Rise Apartments, Commercial SME Estates to enjoy dedicated high speed internet in their cluster”.

These services, according to Globacom, give exceptional experience and unmatched speed for users at home or in offices and are provided through hi-speed fibre – unlike copper which was being used in the past.

Positioning itself as the premier provider of innovative solutions for businesses of all sizes, Globacom assured customers of the best value for money with the new offerings, adding that users who sign on for these services will also enjoy fully dedicated bandwidth.

“We are committed to delivering the most cost-effective data connectivity experience for homes and businesses in addition to providing dedicated and reliable services.” Globacom concluded.