Business
MTN Shutting Down 3G in South Africa
MTN has successfully tested shutting down its 3G network in several Cape Town neighbourhoods and says it is on track to switch off the legacy technology by 31 December 2026.
MyBroadband reports that MTN notified certain Cape Town customers that it was conducting a pilot to migrate subscribers off 3G within a ring-fenced area.
MTN informed affected customers about the pilot project in January 2024. The test began early in 2024 and ended later that year.
“In September 2022, the Department of Communications and Digital Technologies indicated its intention to phase out 2G and 3G networks,” MTN said in its letter.
“Although this process will affect our customers, MTN is committed to ensuring minimal impact in the transition. As a result, MTN will follow a phased approach for the migration.”
“Once the pilot phase is completed, MTN will assess the project before rolling out the 3G migration on a large scale.
The 3G transition is scheduled to be completed by 31 December 2025,” it explained.
“Parallel to the 3G migration, MTN is assessing the viable dates to migrate users on the 2G network.
Engagements to migrate the 2GNetwork services will be communicated in due course.” Asked for details about the 3G switch-off pilot, MTN confirmed to MyBroadband that it was a success and that it would complete the transition away from the legacy technology by the end of the year.
“MTN is actively transitioning customers from legacy 2G and 3G networks to more advanced 4G and 5G technologies,” a spokesperson said.
“This strategic migration enhances customer experience and ensures continued investment in modern, efficient networks.”
MTN said the 2024 pilot included Durbanville, Greater Melkbosstrand, Cape Town suburbs, and the Milnerton Bloubergstrand areas in Cape Town.
“The pilot aimed to assess the migration process and optimise future rollouts,” the spokesperson said.
Following its success, MTN is implementing a phased migration approach, with full transition planned for completion by 31st December 2025.
Throughout this process, MTN remains committed to delivering excellent connectivity and minimising disruption to customers.”
Business
Naira Exchange Rates Friday, August 14
BLACK MARKET RATES
US DOLLAR (USD) Buy ₦1,416 Sell ₦1,423
GREAT BRITISH POUND (GBP) Buy ₦1,890 Sell: ₦1,910
EURO (EUR) Buy ₦1,590 Sell ₦1,610
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 Exchange Rates
US DOLLAR (USD) ₦1,357. 65
GREAT BRITISH POUND (GBP) ₦1,834.04
EURO (EUR) ₦1,567.00
SWISS FRANC (CHF) ₦1,671. 98
JAPANESE YEN (JPN) ₦8.53
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WEST AFRICAN CFA (XOF) ₦2. 39
WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,858.02
SAUDI RIYAL (SAR) ₦361.62
SOUTH AFRICAN RAND (ZAR) ₦84.23
Business
Traders shut down Enugu ‘s Obollo-Afor market over N25,000 haulage levy
However, Chairman of ESIRS, Emmanuel Nnamani, in a letter to the traders, said the haulage levy was not paid by traders buying or selling goods in the markets, but was applicable strictly to truck drivers plying interstate routes.
All shops and markets at Obollo-Afor, Udenu Local Government Area of Enugu State were shut yesterday, as traders staged a peaceful protest against alleged selective collection of a N25,000 haulage levy in the market.
The traders, who locked their shops and took to the streets in large numbers, carried placards with various inscriptions, alleging that the Enugu State Internal Revenue Service (ESIRS) had singled out Obollo-Afor Market for the collection of N25,000 haulage fee on every truckload of goods loaded or offloaded in the market.
However, Chairman of ESIRS, Emmanuel Nnamani, in a letter to the traders, said the haulage levy was not paid by traders buying or selling goods in the markets, but was applicable strictly to truck drivers plying interstate routes.
Addressing officials of the Udenu Local Government Council at the council secretariat, where the protesters marched to present their grievances, Chairman, Obollo-Afor Market Traders Association, Charles Eze, lamented that truck operators bringing foodstuffs, building materials, and other commodities to the market had stopped coming because of the levy.
Business
Nigeria’s oil production dropped by 4% in July – NUPRC
“In the month under review, the daily peak production of crude oil and condensate was 1.78mbpd, while the lowest daily production was 1.57mbpd.”
The Nigerian Upstream Regulatory Commission (NUPRC) data has shown Nigeria’s average daily oil production fell by four percent in July, 2026.
According to the NUPRC, Nigeria produced 1.505 million barrels per day (bpd) of crude oil and 0.17 million bpd of condensate, bringing the combined daily production to 1.67 million bpd.
The commission said the country met and exceeded its Organisation of the Petroleum Exporting Countries (OPEC) quota of 1.5 million bpd for the third consecutive month.
“In the month under review, the daily peak production of crude oil and condensate was 1.78mbpd, while the lowest daily production was 1.57mbpd.”
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