Business News Archives — Page 12 of 32 — Business Bells

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Category: Business News

  • Just In: CBN Pegs Transfer Limits To N50k As E-Naira Takes Off October 1

    Just In: CBN Pegs Transfer Limits To N50k As E-Naira Takes Off October 1

     

    The Central Bank of Nigeria (CBN) has set an initial transaction limit of N50,000 for non- account preparatory to the take-off of its digital currency set for October 1.

     

    In a guide released by the apex bank to Deposit money banks, the CBN stipulated a transaction limit for customers, non-interest-bearing Central Bank Digital Currency (CBDC) status, and an account value limit.

     

    There are three levels to the CBN “Speed wallet” issued primarily to meet the October 1, 2021, deadline.

     

    As a means to transact value, the wallet doesn’t compete with existing banks but is awaiting the creation of wallets by banks and other innovators.

     

    Tier one

     

    With the first tier, Speed Wallet can be used by anyone who does not have a bank account. However, users will have to submit a passport photo, a name, birth date and place, a phone number, and their address.

     

    A N50,000 limit is in place for “Send & Receive”. The minimum requirement is the individual’s National Identity Number (NIN), which will be validated. A cumulative balance of N300,000 is fixed each day.

     

    Tier Two

     

    An account with an existing bank is required for users of Tier Two wallets.

     

    The user is limited to sending and receiving N200,000 per day with a Cumulative Balance of N500,000 daily. A Bank Verification Number (BVN) is the minimum requirement for this level.

     

    Tier Three

     

    Tier three allows daily transactions of N1 million, with daily cumulative balances of N5 million. In order to qualify, you need to have at least a BVN.

     

    Those who possess this merchant level can send or receive a million naira daily. A merchant can move as much money as they want into their bank accounts.

     

    However, In context, the Central Bank further disclosed, neither merchants nor customers using the wallet will be charged a fee.

     

    The report stated that the e-Naira is a legal tender for the entire country. It also mentioned that it will have non-interest-bearing CBDC status, a transaction limit for customers, and a value-based transaction limit.

     

    The CBN also outlined that Nigerian banks will be allowed to invite all their customers to register for the e-Naira.

     

    “Besides pre-generated codes, the banks can send invitation codes for onboarding to a specific list of selected customers. Onboarding will be done for customers who have a code assigned by their banks. The banks have already validated and verified these customers.”

     

    It further disclosed that the wallet provided by its institution was merely a stop-gap measure for meeting the deadline, given that banks and other licensed operators may provide their own wallets since it didn’t intend to compete against the banks.

     

    “As a National Critical Infrastructure, the e-naira system will be subject to comprehensive security checks, all data and personally identifiable information (PII) will be kept off the ledger and will not be stored on the ledger,” the Apex bank added.

     

    In order to catalyse the adoption of e-Naira, banks will facilitate onboarding and provide world-class customer service.

     

     

  • FG Implements Cooking Gas Imports Tax As Price Jumps By 100%

    FG Implements Cooking Gas Imports Tax As Price Jumps By 100%

     

    The Federal Government has implemented a 7.5 per cent tax on imported Liquefied Petroleum Gas, LPG, popularly called cooking gas, as the cost of the commodity leap by over 100 per cent within a period of eight months.

     

    It was gathered on Sunday that the government implemented the VAT on LPG imports about three weeks ago and some dealers were also mandated to pay the tax for commodities imported several months ago.

     

    Operators told Punch that Nigeria imports about 70 per cent of the commodity, while the rest was mainly supplied by the Nigeria Liquefied Natural Gas company.

     

    It was also gathered that the cost of a 12.5kg of cooking gas that sold for about N3,500 in December 2020 had jumped to as high as N6,800 in parts of Abuja.

     

    A resident along the Lagos-Ibadan road said she bought the commodity on Sunday at N7,200 in Lagos, as dealers projected that the cost might hit N10,000 in December this year.

     

    Operators stated the development had made small businesses and homes in rural and semi-urban areas to revert to firewood and charcoal, as the purchase of cooking gas had plunged in recent months.

     

    The National Chairman, Liquefied Petroleum Gas Retailers Association of Nigeria, Michael Umudu, said there were three factors that caused the surge in price.

     

    He said, “There are three major factors to the hike in prices. Firstly, about 70 per cent of the gas we consume in Nigeria is imported and importers have to contend with the high cost of foreign exchange.

     

    “Secondly, there is a rise in the price of petroleum products in the international market and because of that, the cost of LPG has equally gone up. So importers now pay more on imports.

     

    “And thirdly, the government added VAT on imported LPG about three weeks ago. It (VAT) was 7.5 per cent of the cost of the commodity and this exacerbated the price hike of cooking gas in the past three weeks.”

     

    Umudu stated that before the introduction of VAT, foreign exchange and cost of petroleum products in the international market had been the factors causing the rise in price.

     

    “Around November/December last year, 12.5kg was sold at about N3,500, but in July it went up to around N5,500 and when VAT was introduced about three weeks ago, it now escalated to about N6,500 and above,” he stated.

     

    Umudu added, “The price hike seems to be happening on a daily basis and nobody can tell when it will stop. There has been a lot of appeal to the government to find a way of persuading NLNG to increase its domestic supply so that the product can be affordable.

     

    “NLNG supplies about 35 per cent of the gas we consume locally and that percentage is not adequate. And the gas sold by NLNG is even sold at international price and is priced in dollar not naira.”

     

    On the cost of the commodity in metric tonnes, Umudu, replied, “20MT is now in the average of about N8m. And before VAT was introduced, the price of 20MT was around N6.8m to N7m, which was the highest price then.”

     

    He noted that consequent to that, there has been an upsurge in the use of firewood and other alternative energy sources nowadays.

     

    “If you come to Lagos, you will see heaps of firewood like groundnut pyramids. Many people who use LPG to run their small businesses cannot cope again because of the price. They are in crisis right now; some of them are now using firewood, others, charcoal,” he stated.

     

    Umudu added, “Many people in the rural and semi-urban areas are dropping their cylinders. Those who find it difficult to get alternatives are actually going through a very hard time.”

     

    Also speaking on the issue, the Executive Secretary, Nigerian Association of Liquefied Petroleum Gas Marketers, Bassey Essien, said the cost of 12.5kg gas could hit N10,000 in December.

     

    He said, “If by December they (government) don’t take time to address this surge, it (12.5kg) will be N10,000. We are not the one causing this, rather it is the government. We sell what we get.”

     

    On what could be done, he replied, “The volume we produce in Nigeria is just about 40 per cent of the total consumption; the rest is imported. And you don’t have a forex window for these people to access to import gas.

     

    “And secondly, you suddenly woke up and said you want to start imposing VAT on imported gas, which was removed several years back. And now, you didn’t even start it fresh, rather you said it is going to be in retrospect, starting from several months back.”

     

    He added, “And you are imposing billions in taxes on gas imports, for instance, you ask one company to pay about N4bn as tax. Now if they pay that money, some other person needs to shoulder this cost.”

     

    On what the government was doing about the development, the spokesperson of the Nigerian National Petroleum Corporation, Garba-Deen Muhammad, said the Minister of State for Petroleum Resources, Chief Timipre Sylva, had said the commodity was deregulated.

     

    Muhammed, who served as the media aide to Sylva before switching to become NNPC spokesperson recently, said, “The minister answered this question during his last press briefing two weeks ago.”

     

    At the briefing, Sylva had said, “We are not in position to determine gas pricing because gas is not a regulated product. But, of course, we are also very concerned that prices are rising and so I am actually doing something about it in the interest of the ordinary Nigerian.

     

    “I am calling some of the suppliers to discuss the reason for this hike.”

     

    He added that the intervention was outside government role.

     

  • Buhari To Place 20,000 Nigerian Graduates In Fully Paid Jobs

    Buhari To Place 20,000 Nigerian Graduates In Fully Paid Jobs

     

    President Muhammadu Buhari is expected to make a key announcement on the Nigeria Jubilee Fellows Programme on Tuesday.

     

    The programme aims to place 20,000 skilled young Nigerian graduates (under the age of 30) into jobs in private and public sector organizations around the country.

     

    The jobs will last for 12 months, will be fully-paid, and will seek to help prepare qualifying recent graduates for their future careers and work environments.

     

    This is according to presidential spokesperson, Tolu Ogunlesi.

     

    According to Mr Ogunlesi, the goals of the program include “improving employability, building useful career and leadership skills in young graduates, and connecting employers and potential employees.”

     

    The programme is supported by the United Nations Development Programme (UNDP).

     

    On Tuesday, President Buhari is expected to announce when applications for both fellows and host organizations will officially open.

     

     

  • Crypto Gains Traction in Adult Industry Amid OnlyFans Drama

    Crypto Gains Traction in Adult Industry Amid OnlyFans Drama

    Porn stars, sex workers and others in adult entertainment were taking a closer look at cryptocurrency payments in the wake of a series of troubles with the mainstream financial system, potentially propelling digital currencies into wider use.

     

    The latest problem came earlier this month when OnlyFans announced it would ban sexually explicit content on the sex-friendly creator site, only to reverse course days later following a backlash.

     

    Nonetheless, the drama could accelerate a move to cyptocurrency to allow anonymous payments to performers outside the banking system.

     

    With stricter rules from payment processors and the recent issues with OnlyFans, “it’s obvious crypto will be the solution,” said British performer Adreena Winters, who is also a brand ambassador for an upcoming crypto-friendly adult content marketplace.

    Cryptocurrency

    “Porn has frequently been the factor for new concepts taking off, be it VHS, online credit card payments and even the internet, so I don’t think it’s surprising that porn will be what eventually get crypto to become mainstream.”

     

    Jeff Dillon, chief development officer at Nafty, a cryptocurrency platform launched this year specifically for the adult industry, said the OnlyFans saga “has done more than any marketing we could ever paid for.”

     

    – Sex leads tech –

    Dillon said the sex industry has paved the way for other innovations online, such an online credit card payments and instant verification, and that it may do the same for cryptocurrency if payment processors make it more difficult.

     

    “This is going to catapult momentum for crypto and alternative payment solutions,” he said.

     

    Dominic Ford, founder of JustFor.Fans, an OnlyFans rival which accepts bitcoin, said crypto represents just a small fraction of transactions on his platform because it is more cumbersome, but suggested this could ramp up quickly if popular money transfer tools adapt.

     

    “A cryptocurrency that works online and transcends borders seems an obvious evolution like email was the evolution of mail,” said Ford.

     

    CumRocket, a startup which created a digital coin called Cummies for adult content, announced in recent days it was accelerating work on its own content platform.

     

    “Sex workers should have the opportunity to join a platform that won’t be subject to any payment processing restrictions, something that the other OnlyFans alternatives that use fiat may be subject to in the upcoming months/year.”

     

    While bitcoin and other digital currencies have seen extreme volatility, adult operators say they can avoid those issues by using them for immediate payments without storing them.

     

    – US law and liability –

    OnlyFans was not the only online service to struggle with acceptance of mature content.

     

    PornHub has been accepting cryptocurrency for its premium service “to keep current with our community’s privacy and payment preferences.”

     

    Visa and Mastercard temporarily banned payments last year to sites owned by porn giant MindGeek, which owns PornHub and other sites, over reports that it was hosting non-consensual “revenge porn”.

     

    And this month, US lawmakers demanded an investigation into alleged child pornography on OnlyFans.

     

    Ford said congressional passage of the FOSTA-SESTA law in 2018 created pressure on the adult content industry by holding online services liable for illegal content such as child exploitation or sex trafficking.

     

    Shortly after passage of the law, the social network Tumblr banned explicit content, resulting in a precipitous drop in usage.

     

    Crypto may be a mixed blessing, said US-based adult content creator Deon Glows, helping circumvent some of the restrictions in the banking system but also bringing in customers “seeking anonymity for unethical reasons.”

     

    “There is skepticism (on crypto) because sex workers want to make the barriers to entry as minimal as possible,” she said.

     

    “I’d like to see banking institutions and payment processors get with the times and be more liberal about the kind of businesses they allow.”

     

    Some adult operators say crypto is promising but not ready for the majority of users.

     

    “We will be looking to implement crypto and other alternative payment mechanisms as a backup and a option to support crypto enthusiasts but certainly not as a primary source for accepting or sending funds,” said a spokesperson for the British-based adult social media platform Unlockd.

     

    Lou Kerner, a cryptocurrency investor and analyst with Quantum Economics, said the adult industry could help bring crypto to more users.

     

    “It’s hard for people who work in the industry to get bank accounts. So they’ve been discriminated against for many years,” Kerner said.

     

    “As the technology becomes easier to use, more in the porn industry will adopt it… Crypto is undoubtedly on its way to mainstream adoption, and the more industries that are ill-served by traditional finance, the faster it will get there.”

     

    AFP

  • NERC Approves Electricity Tariff Hike from September 1

    NERC Approves Electricity Tariff Hike from September 1

     

    The Nigerian Electricity Regulatory Commission (NERC) has directed the 11 Electricity Distribution Companies (DisCos) in Nigeria to increase their tariff, effective from September 1, 2021.

     

    The directive came through a document captioned, “Tariff Increase Notification.”

     

    In the document designated 023/EKEDP/GMCLR/0025/2021 and dated August 25, 2021, the Eko Electricity Distribution Company, EKEDC, officially informed its customers of the decision of upward tariff adjustment effective from 1st September 2021.

     

    According to the EKEDC, “The increase will be reflected on the energy bill for October 2021, which will represent energy consumption for September 2021.

     

    “For metered customers with internal vending arrangements, we urge you to adjust the rates accordingly to reflect the new tariff increase as released by NERC.”

     

  • NGX At 60: ‘After Six Decades, We Trade 300 Securities Worth N35Tn’

    NGX At 60: ‘After Six Decades, We Trade 300 Securities Worth N35Tn’

    The Nigerian Exchange Group (NGX Group) Plc on Tuesday celebrated 60 years of its operations.

     

    The Group’s Chairman, Otunba Abimbola Ogunbanjo, in a statement, paid tribute to the original subscribers to the articles of association.

     

    He named them; R.S.V. Scott, representing C.T. Bowring and Co. Nigeria Ltd.; Chief Theophilus Adebayo Doherty; Sir Odumegwu Ojukwu; Mr. Akintola Williams and Alhaji Shehu Bukar, John Holt Ltd. and Investment Company of Nig. Ltd., (ICON).

     

    He stated: “We celebrate the vision of these seven individuals and organizations, who in the Nigerian spirit, broke new ground in starting the Exchange, and we are proud of our sterling history over these six decades.

     

    “From our humble beginnings when only 19 securities were listed for trading, we are now demutualized and we trade over 300 securities worth about N35 trillion,” Ogunbanjo said.

     

    The Group Managing Director/Chief Executive Officer, NGX Group, Mr. Oscar Onyema, appreciated the contributions of the capital market stakeholders.

     

    Onyema said: “We must thank our invaluable stakeholders who have contributed to six decades of growth and partnership.

     

    “To the trading license holders, issuers, regulators, government and its agencies, media, and other stakeholders.

     

    “We recognize your support and reiterate our commitment to building a market infrastructure group that supports your business objectives across the entire value chain for many years to come.

     

    “In consonance with the innovative spirit of our founding fathers which has continued to drive our operations, demutualization has allowed us to transition into a profit-driven, shareholder-held, and globally competitive organization.

     

    “Building on six decades of growth and partnership, NGX Group of companies is now positioned to be a key player in strengthening our competitiveness on a larger scale,” he added.

     

    According to Onyema, the recently launched campaign “Stock Africa Is Made Of” further encapsulates the group’s commitment to fulfilling the dreams of the founding fathers not only in Nigeria but also in Africa.

     

    It will be recalled that the NGX Group recently refreshed its brand identity in an official launch headlined by President Muhammad Buhari.

     

    NGX Group’s new structure boasts three wholly-owned subsidiaries: Nigerian Exchange (NGX) Ltd., the operating exchange with Mr. Temi Popoola as CEO; NGX Regulation (NGX RegCo) Ltd., the independent regulation company with Ms. Tinuade Awe as CEO; and NGX Real Estate (NGX RelCo) Ltd., with Mr. Gabriel Igbeka as acting CEO.

     

    The Group officially commenced operations on Aug.  25, 1961, as the Lagos Stock Exchange, after it was founded on Sept. 15, 1960.

     

  • ‘We Are Like The Biggest Employer of Labour In Festac Town, Courtesy of Jumia,’ Says  ACOA Courier CEO

    ‘We Are Like The Biggest Employer of Labour In Festac Town, Courtesy of Jumia,’ Says  ACOA Courier CEO

    A logistics partner of ecommerce market leader, Jumia, Chidi Anyina, founder of ACOA Courier, has espoused the growing importance of logistics in the country saying the company which started in a corner of one room has grown to become one of the biggest employers of labour in Festac Town in Lagos.

    The tale of ACOA Courier is one of many logistics SMEs in different regions of the country, who have been able to upscale their businesses by leveraging the partnership benefits of the likes of Jumia. 

     

    Speaking on the impact of the partnership on his firm, Anyina explained that the business which started with three staff, has not only expanded its footprint to other regions of the country, but has also been able to impact its immediate environment.

     

     “We have been with Jumia for the past eight years. And we started off just in a boys quarters of about two rooms, with just a bike, a van and two other staff. And now we have graduated to having about 37 staff spread across three environments, two states; Lagos (Festac Town and Satellite) and then Aba.

     

    “We started off doing about a hundred orders every other day. Now, we did 17,000 orders in June. That shows the scale that we’ve grown over the course of the years. We’ve seen ups and downs; we’ve lost and we’ve gained. But most importantly, we’ve impacted the community; we’re like the biggest employer of labour in Festac Town,” he said.

     

    Touching on the impact of covid-19 on his logistics business, the ACOA boss said his firm had to think on their feet, upscale in order to meet demands, especially during the first wave of the virus. Covid-19 was a tough time.

     

    “At that point, we were having volumes in spite of the lock down and the restrictions. We saw a surge for processing orders for nose masks, as well as hand sanitizers. That was the initial shock.

     

    “And we graduated to having food items, noodles packs and stuff. That was how that season went. It was even a time when we realized we had a boom because many of the markets were shut down and many people had to fulfil orders outside of the market so they were coming to us. We had to scale our operations, and even moved from a duplex to a duplex and a boys quarters just to be able to absorb the volume of items that were coming up at that time,” he explained.

     

    There are over 200 unique logistics companies (ranging from individual entrepreneurs to large companies) registered within the Jumia integrated network of logistics partners who provide support to Jumia in ensuring that packages are delivered to big cities, secondary cities and rural areas within the country.

  • Tribunal Orders Multichoice to Pay N900bn to FIRS, As Firm Announces Demise of its Chief Customer Officer

    Tribunal Orders Multichoice to Pay N900bn to FIRS, As Firm Announces Demise of its Chief Customer Officer

    A Tax Appeal Tribunal sitting in Lagos on Tuesday ordered Multichoice Nigeria Limited to pay 50 per cent of the N1.8tn which the Federal Inland Revenue Service determined to be the amount the company has evaded in tax payments.

     

    This was disclosed in a statement issued on Wednesday by the Director, Communications and Liaison Department, FIRS, Abdullahi Ahmad.

     

    The statement was titled, “Tax Evasion: Tribunal Orders DSTV To Pay 50% Tax Backlog Before Hearing Appeal”

     

    It read in part, “A Tax Appeal Tribunal (TAT) ordered Multichoice Nigeria Limited, owners of popular cable television services, DSTV, to pay 50 per cent of N1.8 trillion which the Federal Inland Revenue Service (FIRS) has determined through a forensic audit to be the amount in taxes that Multichoice Nigeria Limited had failed to pay to the Government of Nigeria in past assessment years.”

     

    Recall that in July, the FIRS appointed some commercial banks to recover the sum of N1.8tn from Messrs MultiChoice Nigeria Limited and MultiChoice Africa.

     

    The Service noted the appointment was necessitated by the group’s continued refusal to grant FIRS access to its servers for audit, the companies’ persistent breach of agreements and undertakings with the Service, under-remittance of taxes, among other things.

     

    According to the statement, the five-member TAT led by its Chairman, Professor Ahmed, issued the order following an application to it by the Counsel to FIRS.

     

    “The Counsel made the application under Order XI of the TAT Procedure Rules 2010 which requires Multichoice, or any other taxpayer who disputes their tax assessments, to make the statutory deposit required under Paragraph 15(7) of the Fifth Schedule to the Federal Inland Revenue Service (Establishment) Act 2007 (FIRS Act) as a condition that must be fulfilled before the prosecution of the appeal brought before TAT.

     

    “In certain defined circumstances to which the Multichoice appeal fits, Paragraph 15(7) of the Fifth Schedule to the Federal Inland Revenue Service (Establishment) Act 2007 (FIRS Act) requires persons or companies seeking to contest a tax assessment to pay all or a stipulated percentage of the tax assessed before they can be allowed to argue their appeal contesting the assessment at TAT,” the statement added.

     

    The application by the Counsel to the FIRS was in response to a notice of appeal filed by Multichoice.

     

    It read further, “Multichoice Nigeria Limited filed the matter at the Lagos TAT following its dispute over FIRS’ issuance of Notices of Assessment and Demand Note in the sum of N1, 822, 923,909,313.94k on 7 April 2021.

     

    “The amount constitutes what the FIRS calculated as due in taxation to the Federal Government of Nigeria from Multichoice after an investigation over several months to determine the extent to which Multichoice has been evading taxes in Nigeria.

     

    “At Tuesday’s hearing of the matter in Appeal No: TAT/LZ/CIT/062/2021 19/08/2021 (Multichoice Nigeria Limited v. Federal Inland Revenue Service), Multichoice Nigeria Limited amended its Notice of Appeal and thereafter sought through its Counsel, Bidemi Olumide of AO2 Law Firm for an adjournment of the proceedings to enable it to respond to the FIRS’ formal application for accelerated hearing of the appeal and prayer before the TAT to order Multichoice to produce DSTV’s revenue and subscriber database, among other prayers.

     

    After hearing arguments from both sides, TAT upheld the FIRS Act and directed Multichoice Nigeria Limited to deposit with the FIRS the amount prescribed by the law, plus a sum equal to 10 per cent of the said deposit as a condition precedent for further hearing of the appeal.

     

    The tribunal adjourned the Appeal to 23 September for the continuation of the hearing, subject to compliance with its order.

     

    When contacted Multichoice Nigeria refused to comment. 

     

    Recall that the company announced the demise of its Chief Customer Officer, Mr Martin Mabutho yesterday.

     

    The boisterous Mabutho died in the early hours of Tuesday, in Cape Town after a brief illness.

    Martin Mabutho
    Martin Mabutho

    “Martin was not just a colleague but a very close friend and most trusted adviser. He was well loved by everyone for his energy and hard-work, his warmth, good humour and the creativity and positive attitude he always brought to the team. He will be greatly missed,” said John Ugbe, CEO, MultiChoice Nigeria.

     

    Mabutho joined MultiChoice Botswana as a Customer Service Supervisor in 1999, and later became a Brand Manager at MNet in 2003. He led the Marketing and Sales effort for DStv Mobile in Sub-Saharan Africa before his appointment as MultiChoice Nigeria’s General Manager, Sales and Marketing in 2013.

     

    He was appointed Chief Customer Officer in 2018, responsible for driving the MultiChoice Nigeria customer group strategy covering customer value management, sales, marketing, customer experience and care.

     

    Aged 47, Mabutho is survived by aged parents, his wife Thato and their four children.

     

  • Globacom Unveils Glo TV To Alter Television Landscape in Nigeria

    Globacom Unveils Glo TV To Alter Television Landscape in Nigeria

    By Adejuwon Osunnuyi

     

    In a bold move to redefine the television experience for all Nigerians, telecommunications giant, Globacom, has launched Glo TV, an innovative TV streaming service on Android, IOS apps and web for watching live linear television video on demand and catch-up contents.

     

    Unveiling the new service at the company’s headquarters in Lagos yesterday, Globacom said that Glo TV would positively alter the television landscape in Nigeria as it will beam highly sought-after television content to millions of subscribers via their desktop and mobile handheld devices.

     

    Glo TV is powered by the reliable Glo 4G technology which ensures a pleasant streaming experience.

     

    According to the company, “Glo TV brings engaging, interactive and premium entertainment content through a rich bouquet of offerings including hundreds of live entertainment programmes, music, documentary, news, original shows, fashion, lifestyle, kiddies’ interest channels and over 1,000 videos as the company continues to partner with content providers to address the needs of more customers across social strata.”

     

    The company expressed excitement over the roll-out of the service, stating, “This first-of-its-kind mobile TV initiative will offer the best premium all-round entertainment, news and sports content and is set to become Nigeria’s one-stop entertainment destination.

     

    We are confident that with the launch of Glo TV, our network will cater to the content preferences of Nigerians across different socio-economic groups and offer them an exclusive opportunity to experience the best-in-class TV content.”

    Globacom further explained that users of Glo TV will find the service irresistible as it offers a wide variety of choices from entertainment, news, information, education to cartoons, assuring that there will never be a dull moment on the service over the web or app no matter the user’s subject of interest.

     

    For instance, subscribers who are news lovers and want to follow international news as it breaks can catch up with news-on-the-go channels including Aljazeera and France24, while subscribers who have interest in documentary channels can watch CGTN and RT Documentary, among many others.

     

    Children’s interests are also well taken care of by Glo TV. Regular kiddies’ channels such as ZooMOO, English Club TV and Lollykids are on offer to give healthy entertainment and robust education to children of all ages. This will ensure that they are not only acquiring new knowledge, but that they are also adequately entertained in line with the best practices of television viewership.

     

    Furthermore, subscribers of all ages will have access to movie channels including Nolly Africa, African Movie Channel and Legacy Network, among others.

    “We believe that with the rich entertainment value on the Glo TV, subscribers will see it as their preferred service for video content consumption, especially TV content,” the company explained further, adding that Glo TV also offers exclusive content which premiers for the first time.

     

    Globacom restated its commitment to continuously enriching and enhancing the Glo TV platform so that “it continues to deliver on its goal of creating entertainment, laughter, fun, happiness and excitement for our valued customers”.

     

    According to the company, subscribers are required to visit myglotv.com to register and download the Glo TV app free of charge till September 30th, 2021.

     

    All Globacom customers on the pre-paid and post-paid platforms will be eligible to register for the app once they have compliant android and iPhone devices.