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CoinCola Enters Nigerian P2P Bitcoin Market

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Blockchain Technology is rapidly growing in different continents and many more people beginning to see the importance and relevance of cryptocurrency and blockchain technology in their different fields of life.

Nations and companies are gradually adopting cryptocurrency in exchange for goods and services instead of fiat. However, the African continent seems to be lagging behind in the adoption of this upcoming technology resulting from the lack of political will to accept the risk of innovation (in Blockchain technology and cryptocurrency). This can further be perceived in the reluctance to adopt the use of cryptocurrency in day-to-day transactions.

Though based in Hong Kong, Coincola aims to provide trustworthy trading and exchange services to all its users all around the world with Africa being a key place of interest.

Coincola believes that Blockchain technology will be essential to providing secure banking and payment services in the future and also that cryptocurrency will greatly improve the convenience of daily transactions and help to create a world that is financially borderless. Hence, our mission is to “connect everyone to this new digital asset economy.

Coincola is an OTC cryptocurrency marketplace and exchange designed to offer the best cryptocurrency trading experience for users and also offer fast and secure trading services at competitive fees and exchange rates.

In the OTC Marketplace, the trading platform allows people around the world to use their local FIAT currency to buy and sell Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Dash (DASH) ,Tether (USDT) and Ripple (XRP). This is done on a person-to-person (P2P) basis. Users can post adverts for free and are only charged a trading fee of 0.7% of the traded amount once the transaction has been completed.

In the exchange market, CoinCola offers Bitcoin (BTC) and Tether (USDT) as base currencies and supports crypto-to-crypto trading pairs with Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).  A trading fee of 0.2% is charged for an exchanged amount. However, there is a fixed withdrawal fee.

The new feature which allows users to trade bitcoin with gift card was added recently to fulfill a highly desired request by African users. Users can now buy bitcoin in Nigeria, Guana and everywhere else in Africa.

They can buy bitcoin with gift cards, whether it is iTunes gift cards, Amazon gift cards, Google gift cards, Steam gift cards and more.

At Coincola, security is of utmost priority hence there are multiple layers of security including bank-level encryption, cold storage and SSL, ensuring that customers can trade with 100% confidence.

CoinCola provides an intuitive and easy verification process by building trust and transparency in the Blockchain ecosystem and ensuring compliance using KYC/AML regulations.

A mobile app is available to enable users to transact and trade comfortably while on the move.

Compared to Paxful trading fee which is 5% for every traded amount, CoinCola charges a fee of 0.7%, now, a lot is saved. Trading of your cryptocurrencies can be done via our mobile app or web version however Paxful only has its web version.

CoinCola supports BTC, ETH, LTC, BCH, XRP, USDT, and Dash but Paxful supports only BTC.

Security and users’ satisfaction are our priorities, therefore CoinCola provides a 24/7 full support and inquiry on their platform as well as on their Telegram channel.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Airtel Africa Intensifies Awareness on Better Data Usage

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Simi, Diamond, Fally Better Data Usage

By Modupe Gbadeyanka

A significant step has been taken by a leading provider of telecommunications and mobile money services, Airtel Africa Plc, to engage customers on how to enhance their digital experience by making the most of their data bundles.

The telco intends to allow customers to make informed decisions about their data usage habits, and to achieve this, it has engaged the services of three top artists on the continent to promote better data usage.

The artists are Simi from Nigeria, Fally Ipupa from the Democratic Republic of Congo, and Diamond Platnumz from Tanzania,

They have collaborated with the company to create a special song to provide customers with practical tips and tools that will help them to maximise their data for everyday use, from browsing the internet to streaming and accessing essential apps.

The partnership is part of the ongoing #SmartaWithData campaign that promotes education on better data usage and management.

It aims to rally Airtel Africa’s customers to GET smarter data settings, SET smarter data speeds, and GO #SmartaWithData for a more rewarding digital experience.

The edutainment campaign is currently active on the Airtel network in Kenya, Nigeria, Uganda, Tanzania, the Democratic Republic of Congo (DRC), Zambia, and Malawi to its young customers aged 18-35 years.

The #SmartaWithData campaign by Airtel Africa offers tips to help customers make smarter use of their data, while also encouraging them to join in and share their tips.

Customers can access all data bundles easily via USSD, Airtel Lite or the MyAirtel App.

“Our goal with this campaign is to ensure that our customers get the most out of Airtel data bundles, thereby enhancing their online experience. In collaborating with these artists, who our customers love and engage with on a daily basis, ensures that they are aware of these data hacks, and they can seamlessly adopt usage and management of their data through clear messages that resonate with them.

“At Airtel Africa, our priority is to create exceptional customer experiences with our products and services. We hope that through this edutainment campaign, delivered through authentic internationally acclaimed African artists, our customers will be empowered and have rewarding online experiences, whether for business or leisure,” the Chief Marketing and Sales Officer at Airtel Africa, Rohit Marwha, said.

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NCC Renews MTN Nigeria’s 800MHz Spectrum Band Licences

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MTN Nigeria commercial paper sales

By Adedapo Adesanya

The Nigerian Communications Commission (NCC) has renewed and extended the validity of the 800MHz spectrum band licences given to MTN Nigeria Plc to boost its mobile broadband and voice communication service offerings.

The 800 MHz band is ideal for 4G LTE (Long-Term Evolution) networks, delivering high-speed internet services as its low-frequency range allows signals to travel long distances and penetrate buildings better, ensuring wider coverage, especially in rural or hard-to-reach areas in the country.

The first 800MHz spectrum licence (Channel 1) has been renewed for 10 years, effective from January 1, 2025, to December 31, 2034.

The second 800MHz spectrum licence (Channel 2), initially set to expire on December 31, 2030, has been extended by four years, bringing its new expiration date with Channel 1 to December 31, 2034.

This harmonisation of licence tenures ensures that both spectrum licences will now expire concurrently, streamlining future renewals and enhancing operational efficiency.

Commenting on the transactions, MTN Nigeria CEO, Mr Karl Toriola said: “We are pleased with the successful renewal and harmonisation of our 800MHz spectrum licences, which lay a solid foundation for the ongoing delivery of 4G services to our customers.

“This enables us to continue to meet the demand for data and is integral to our broader strategy for enhancing connectivity.”

MTN has the largest market share in the Nigerian telecommunications sector in terms of customer base.

The development comes amid the industry regulator’s approval of the 50 per cent tariff increase for telecom operators in the country, the first since 2013.

The 50 per cent call was lower than the 100 per cent recommended by operators and service providers in the telco industry.

Mr Toriola, who was one of the most vocal proponents for the hike, warned that the review was necessary to sustain the sector and contribute more to economic development.

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Telco Subscribers Propose 10% Tariff Hike, Reject NCC’s 50% Approval

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Telco Operators

By Adedapo Adesanya

The National Association of Telecommunications Subscribers (NATCOMS) wants a maximum of 10 per cent increase in tariffs as against the 50 per cent announced by the Nigerian Communications Commission (NCC).

Recall that the leadership of the body in an interview on Tuesday said it would challenge the federal government’s decision to allow operators increase tariff by 50 per cent in a court of law.

In another round of interview with the News Agency of Nigeria (NAN) in Lagos, the President of NATCOMS, Mr Deolu Ogunbanjo, said the group understood the dilemma faced by the telecommunications industry and had suggested a 5 – 10 per cent marginal increase in tariff.

He said that the approval by the federal government for the telcos to raise tariffs at a maximum of 50 per cent was unacceptable, arguing that it will “affect everyone from the biggest industry to the smallest company, such as the Point of Service (POS) operators.”

“It will increase operational costs,” he added.

According to Mr Ogunbanjo, experts had x-rayed the telecoms sector and said it was in intensive care, meaning it needed to be attended to.

“We now depend on telecoms for our meetings, for the banks, everybody depends on it even the education sector, yes, a lot of things depend on it.

“So, that is why we painfully agreed that, look, a moderate or marginal five per cent to 10 per cent increase will be fine.

”You know, we do not mind an increase if it is to salvage the industry that is helping us, that means so much to us and that is also contributing double-digit to Nigeria’s Gross Domestic Product.

“So, we appreciate that. It’s painful, but we granted. We said, okay, we will not mind if it is just five per cent to 10 per cent increase,’’ he said.

The NATCOMS boss stressed that, if the operators really needed funds, they should explore the Nigerian Exchange (NGX) Limited.

“The industry operators can opt for an Initial Public Offer (IPO) for Nigerians to buy shares in their companies as a way of raising funds.

“However, a situation where a whole 50 per cent is granted for tariff hike is not cheap and it is a no! no! from us subscribers.”

He reiterated that the body will take the case to the court.

“I mean, for what we are already going through, no for us, we will challenge this in court,’’ Mr Ogunbanjo insisted.

The NCC announcing the hike on Monday said the increase was pursuant to its power under Section 108 of the Nigerian Communications Act, 2003 (NCA) to regulate and approve tariff rates and charges by telecommunications operators.

“…Over 100% requested by some network operators, was arrived at taking into account ongoing industry reforms that will positively influence sustainability.

“These adjustments will remain within the tariff bands stipulated in the 2013 NCC Cost Study, and requests will be reviewed on a case-by-case basis as is the Commission’s standard practice for tariff reviews. It will be implemented in strict adherence to the recently issued NCC Guidance on Tariff Simplification, 2024,” the announcement statement noted.

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