Business

Former MTN Group CEO, Sifiso Dabengwa dies of cancer

Published

2 years ago

September 2, 2024

OCHEFA

433 Views

Former MTN Group CEO, Sifiso Dabengwa, has been announced dead, Monday morning, after losing battle with Cancer.
Dabengwa was MTN CEO from March 2011 till 2015 when he had to resign as MTN was looking for ways to negotiate itself out of a record N1.04trn fine Nigeria slammed on the telco for failing to disconnect over five million customers with unregistered SIM cards.

The Zimbabwean-born Dabengwa also served briefly as MTN Nigeria CEO until 2006.

South African media outlets are quoting a family spokesperson Themba Sibanyoni to have confirmed his death.

According to the reports, Sibanyoni said: “Dabengwa was a titan in the telecommunications industry and an astute businessman.

His tenure as CEO of MTN Group from 2011 to 2015 was marked by visionary leadership, integrity, and dedication that drove significant advancements in the industry”.

Sibanyoni said Dabengwa, left a legacy that extends far beyond the boardroom.

“He was an advocate for education and a fervent believer in the power of technology to transform lives.”

An MTN top executive who also confirmed the death at MTN headquarters in Johannesburg, South Africa, said MTN recieved the news of his death with shock and heavy heart.

She noted that everybody in MTN was in a mourning mood considering that Dabengwa was still a member of the MTN family having headed the telecommunication giant for a number of progressive years.

Dabengwa was said to have battled Cancer for a while but gave up early hours of Monday.

Business

Naira Exchange Rates Thursday, 22 July

Published

2 hours ago

July 23, 2026

OCHEFA

18 Views

BLACK MARKET RATES

US DOLLAR (USD) Buy ₦1,405 Sell ₦1,410

GREAT BRITISH POUND (GBP) Buy ₦1,880 Sell: ₦1,900

EURO (EUR) Buy ₦1,580 Sell ₦1,600

CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080

SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90

UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205

GHANA CEDI (GHS) Buy ₦95 Sell ₦110

WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400

CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250

AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900

CBN OFFICIAL EXCHANGE RATES

US DOLLAR (USD) ₦1,369.63

GREAT BRITISH POUND (GBP) ₦1,833.12

EURO (EUR) ₦1,563.03

SWISS FRANC (CHF) ₦1,685.08

JAPANESE YEN (JPN) ₦8.40

CHINESE YUAN (CNY) ₦202.21

WEST AFRICAN CFA (XOF) ₦2. 39

WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,867.90

SAUDI RIYAL (SAR) ₦366.36

SOUTH AFRICAN RAND (ZAR) ₦83.40

Business

President Tinubu Tasks Judicial Officers To Remain Abreast of Evolving Global Maritime Laws

President Tinubu made the call in Abuja during the 18th International Maritime Seminar for Judges, organised by the Nigerian Shippers’ Council (NSC), under the auspices of the Federal Ministry of Marine and Blue Economy, in collaboration with the National Judicial Institute (NJI).

Published

19 hours ago

July 22, 2026

OCHEFA

25 Views

President Bola Tinubu on Wednesday urged judges to continually update their knowledge on autonomous vessels, digital shipping, artificial intelligence-driven maritime operations, maritime security and evolving international environmental regulations.

Represented by the Minister of Marine and Blue Economy, Adegboyega Oyetola, President Tinubu lauded the Nigerian Shippers’ Council for initiating and sustaining the international seminar for judges.

He described it as one of Nigeria’s foremost platforms for strengthening maritime jurisprudence, enhancing judicial capacity and promoting excellence in maritime justice.

According to Oyetola , rapid technological advancement is creating unprecedented legal questions relating to liability, navigational responsibility, insurance, collision regulations and allocation of responsibility when autonomous vessels malfunction.

He emphasised that the courts will increasingly adjudicate disputes involving decarbonisation, environmental compliance, blockchain-enabled cargo documentation, electronic bills of lading and other evolving international maritime legal frameworks.

“The emergence of autonomous vessels demands a judiciary equipped to resolve complex legal questions involving liability, insurance, navigation and technological accountability.

“Judicial officers must remain abreast of evolving international maritime law to ensure justice keeps pace with technological innovation,” he said.