Tribune Business

The Federal Government may have given further approval for the expansion of the Lagos trading within the channel, annually.

FirstBank of Nigeria’s workforce has received a major boost following the graduation of 104 graduate executive trainees from FirstAcademy, the foundation school of the bank.

Guinness Nigeria Plc has issued N8 dividend per share  during its Annual General Meeting (AGM) held at the Congress Hall of the Transcorp Hilton, Abuja, on Friday.

Globacom has commenced the connection of residential estates in Lagos and other cities to its fixed line network, riding on the Glo Broadaccess infrastructure.

As part of this roll out drive, the company, in a statement, said it has successfully connected NICON Town, one of the newest residential estates along the Lekki-Epe Expressway, in Lagos.

According to Head of Glo Broadaccess, Mr Karuna Menon, Globacom is delivering high quality voice service, data transmission, high speed Internet services and video streaming to the 433 plots in the residential estate.

He explained that Globacom’s fibre optic cable laid earlier along the Lekki-Epe corridor makes it easier for the Estate to seamlessly connect to Glo’s fibre optic infrastructure. From the fibre cable laid along the expressway, the infrastructure is stepped down in  a central hub in the estate and redistributed to individual houses to connect the end users.

A visit to NICON estate revealed that Globacom’s network installation in the estate has the capacity for 1,568 connections, even though the estate currently has about 433 houses. 

Estate residents have the privilege of choosing whatever bandwidth bundle they want based on their Internet usage requirements and this is made available by multiple wireless cable points or both.  

“The infrastructure is robust and unique, not seen anywhere in Africa,” Menon said.  

The management of the estate attested to the speed and capacity of the Glo Broadaccess network in the estate. According to the General Manager of NICON Town Management Company, Mr Jimmy Osho, residents are capable of downloading or upload films, videos and heavy data files at high  Internet speed.

On the cost of the facility to residents, Osho said that last mile connections to the homes were affordable and the tariff is based on individual monthly usage.

Apart from NICON Estate, several high-end customers have already been connected to the Glo Broadaccess network and are already enjoying the services. According to Menon, “More estates around the country have shown enthusiasm in the service and we hope to spread the coverage in a very short time.”

Glo fixed line service was successfully rolled out in Abuja, Lagos, Ibadan, Port Harcourt and Benin among other major cities, covering residential, commercial, as well as industrial areas.

Globacom launched its Broadaccess network in Lagos after an extensive laying of fibre optic cable rings across the country and installation of last-mile infrastructure in major cities.