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Airtel Networks Limited
Airtel Networks Limited (Airtel Nigeria), commonly known as Airtel, is a leading mobile network operator in Nigeria. According to the Subscribers statistics released by Nigerian Communications Commission (NCC) on 30 August 2019, Airtel Nigeria has 26.8% mobile telephone market share and 46.8 million subscribers. The company is a subsidiary of Airtel Africa, the holding firm for Bharti Airtel's operations in 14 countries in Africa. Location Airtel Nigeria is headquartered at Plot L2, Banana Island, Ikoyi, Lagos, a major economic nerve-point in Nigeria. History The company was founded in 2001 as Econet Nigeria and was awarded Digital Mobile License (DML) for communication service in Nigeria. It made history on August 5, 2001 by becoming the first telecommunications service provider to launch commercial GSM services in Nigeria. In 2004, Vodacom took charge of the company as management changed hands. Later in 2004, Vee Networks took the reins of the company and became known as ...
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Airtel Networks Limited
Airtel Networks Limited (Airtel Nigeria), commonly known as Airtel, is a leading mobile network operator in Nigeria. According to the Subscribers statistics released by Nigerian Communications Commission (NCC) on 30 August 2019, Airtel Nigeria has 26.8% mobile telephone market share and 46.8 million subscribers. The company is a subsidiary of Airtel Africa, the holding firm for Bharti Airtel's operations in 14 countries in Africa. Location Airtel Nigeria is headquartered at Plot L2, Banana Island, Ikoyi, Lagos, a major economic nerve-point in Nigeria. History The company was founded in 2001 as Econet Nigeria and was awarded Digital Mobile License (DML) for communication service in Nigeria. It made history on August 5, 2001 by becoming the first telecommunications service provider to launch commercial GSM services in Nigeria. In 2004, Vodacom took charge of the company as management changed hands. Later in 2004, Vee Networks took the reins of the company and became known as ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Nigeria
Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of Guinea to the south in the Atlantic Ocean. It covers an area of , and with a population of over 225 million, it is the most populous country in Africa, and the world's sixth-most populous country. Nigeria borders Niger in the north, Chad in the northeast, Cameroon in the east, and Benin in the west. Nigeria is a federal republic comprising of 36 states and the Federal Capital Territory, where the capital, Abuja, is located. The largest city in Nigeria is Lagos, one of the largest metropolitan areas in the world and the second-largest in Africa. Nigeria has been home to several indigenous pre-colonial states and kingdoms since the second millennium BC, with the Nok civilization in the 15th century BC, marking the first ...
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Nigerian Bottling Company
Nigerian Bottling Company is a beverage firm that is the franchise bottler of Coca-Cola in Nigeria. The firm has also owned the Nigerian franchise to market Fanta, Sprite, Schweppes, Ginger Ale, Limca, Krest, Parle Soda and Five Alive. Nigerian Bottling Company also known has NBC, started production in 1953 at the basement facilities of the mainland Hotel, owned by Leventis Group producing Coke licensed from Coca Cola Company. In 1960, NBC introduced Fanta orange drink into the market and later Sprite lemon drink. Marketing and distribution NBC has eight bottling facilities in Nigeria which provide supplies to various depots for onward distribution to wholesalers or dealers. Over the years, NBC has established or acquired factories producing raw materials in its supply chain. It established a maize farm at Agenebode, Edo State to produce fructose syrup, acquired interest in Crown cork facilities in Ijebu Ode and a glass making factory in Delta State. Nigeria Bottle Company s ...
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Segun Ogunsanya
Segun Ogunsanya is the managing director and chief executive officer of Airtel Nigeria, subsidiary of the Indian telecommunications conglomerate, with subsidiaries in 14 Sub-Saharan African countries. In April 2021, Ogunsanya was appointed as the designated chief executive officer of Airtel Africa, the African subsidiary that includes all the 14 sub-Saharan African markets. His appointment to this position takes effect on 1 October 2021. Education Ogunsanya holds a Bachelor's degree in Electrical and Electronic Engineering obtained from the University of Ife (now Obafemi Awolowo University), in 1987. He is also a Chartered Accountant, recognized by the Institute of Chartered Accountants of Nigeria. Career In 1999, he served as general manager and chief executive of Coca-Cola Ghana and later as the chief executive officer of Coca-Cola Sabco, Kenya, in 2010. He was managing director and head of retail banking operations of Ecobank Transnational Inc. from 2008 to 2009. O ...
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Nigerian Stock Exchange
The Nigerian Stock Exchange (NSE) now Nigerian Exchange Group is a Nigerian stock exchange founded in 1961 in Lagos. As of November 2019, it has a total of 161 listed companies, with 8 domestic companies on the premium board, 144 companies on the mainboard, and 4 on the Alternative Securities Market (ASeM) board. In the Fixed Income market, the NSE has 84 FGN bonds, 21 state bonds, 27 corporate bonds, 1 supranational bond, and 53 memorandum listings. Mission The NSE mission is to enable businesses and investors to have reliable access to capital and provide secure saving systems and structure for effective and efficient business operations. History The Nigerian Stock Exchange was founded as the Lagos Stock Exchange, on September 15, 1960. The Lagos Stock Exchange is the oldest existing stock exchange in West Africa. There were seven subscribers to the Exchange’s Memorandum of Association: R.S.V. Scott, representing C.T. Bowring and Co. Nigeria Ltd.; Chief Theophilus Adebayo D ...
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Lagos
Lagos (Nigerian English: ; ) is the largest city in Nigeria and the List of cities in Africa by population, second most populous city in Africa, with a population of 15.4 million as of 2015 within the city proper. Lagos was the national capital of Nigeria until December 1991 following the Government of Nigeria, government's decision to move their capital to Abuja in the center of the country. The Lagos metropolitan area has a total Population and housing censuses by country, population of roughly 23.5 million as of 2018, making it List of urban areas in Africa by population, the largest metropolitan area in Africa. Lagos is a major African financial center and is the economic hub of Lagos State and Nigeria at large. The city has been described as the cultural, financial, and entertainment capital of Africa, and is a significant influence on commerce, entertainment, technology, education, politics, tourism, art, and fashion. Lagos is also among the top ten of the world's fast ...
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Ikoyi
Ikoyi is the most affluent neighborhood of Lagos, located in Eti-Osa Local Government Area. It lies to the northeast of Obalende and adjoins Lagos Island to the west, and at the edge of the Lagos Lagoon. Popular with the extreme upper class residents of Nigerian society, Ikoyi is arguably one of the wealthiest communities within Nigeria. The area that makes up Ikoyi was originally a continuous land mass with Lagos Island, until it was separated from it by the MacGregor canal, a narrow waterway that was dug by the British colonial government. This canal has now been built over or filled in, so that the island is fused with Lagos Island once again. It has been called in derogatory terms the "Beverly Hills by the slum" or the Belgravia of Lagos. History During the colonial era, the island was developed as a residential cantonment for the expatriate British community and still retains many of the large colonial residences built between 1900 and 1950. In the 1920s and 1930s, about ...
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Banana Island
Banana Island is an artificial island off the foreshore of Ikoyi, Lagos, Nigeria. Its name derives from the curvature of its shape. The island is a planned, mixed development with residential, commercial and recreational buildings. History The original Banana Island construction project entitled Lagoon City was the brainchild of the late Chief Adebayo Adeleke, a University of London trained Civil Engineer (MICE), and CEO of City Property Development Ltd. Adeleke had originally commissioned a new urban development in Maroko, Victoria Island, but that project had been acquired by the Lagos State government. Following a lengthy 10 year court case, Lagos State government offered other parcels of land as consideration for the Maroko development. Many scoffed at Chief Adeleke's decision to select the Ikoyi Island perimeter, however they were unable to appreciate the foresight of the Chief, who promptly engaged the Westminster Dredging Company to dredge the foreshore, and creat ...
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Africa
Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area and 20% of its land area.Sayre, April Pulley (1999), ''Africa'', Twenty-First Century Books. . With billion people as of , it accounts for about of the world's human population. Africa's population is the youngest amongst all the continents; the median age in 2012 was 19.7, when the worldwide median age was 30.4. Despite a wide range of natural resources, Africa is the least wealthy continent per capita and second-least wealthy by total wealth, behind Oceania. Scholars have attributed this to different factors including geography, climate, tribalism, colonialism, the Cold War, neocolonialism, lack of democracy, and corruption. Despite this low concentration of wealth, recent economic expansion and the large and young population make Afr ...
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Bharti Airtel
Bharti Airtel Limited, commonly known as (d/b/a) Airtel, is an Indian multinational telecommunications services company based in New Delhi. It operates in 18 countries across South Asia and Africa, as well as the Channel Islands. Currently, Airtel provides 4G and 4G+ services all over India and 5G service in selected cities. Currently offered services include fixed-line broadband, and voice services depending upon the country of operation. Airtel had also rolled out its VoLTE technology across all Indian telecom circles. It is the second largest mobile network operator in India and the second largest mobile network operator in the world. Airtel was named India's 2nd most valuable brand in the first ever Brandz ranking by Millward Brown and WPP plc. Airtel is credited with pioneering the business strategy of outsourcing all of its business operations except marketing, sales and finance and building the 'minutes factory' model of low cost and high volumes. The strategy h ...
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Nigerian Communications Commission
The Nigerian Communications Commission (NCC) is the independent regulatory authority for the telecommunications industry in Nigeria. The NCC was created under Decree number 75 by the Federal Military Government of Nigeria on 24 November 1992. The NCC was charged with the responsibility of regulating the supply of telecommunications services and facilities, promoting competition, and setting performance standards for telephone services in Nigeria. The Decree has been abrogated and replaced with the Nigerian Communications Act (NCA) 2003. Umar Garba Umar Garba Danbatta, is a Nigerian author, philanthropist, administrator and professor of electrical, telecommunications engineer. He served as the executive vice-chairman and chief executive Officer of Nigerian Communications Commission since No ... is the present head of (NCC) assumed office since 2015. Notes External links Official websiteNCC Information Portal Communications in Nigeria Regulation in Nigeria Government agen ...
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