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This new “pay as you go” cable TV is about to knock DsTv out

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DSTV might be kicked out soon and by a local cable operator at that. The very first Nigerian owned cable operator to offer the pay per view service in Nigeria, Telcom Satellite TV (TSTV) is set to launch on the 1st of October 2017. As Nigerians celebrate Independence Day, they’ll have one more thing to celebrate.

TSTV is a Direct-To-Home (DTH) broadcast service that came to be as a result of a multi-transponder agreement between ABS and Telcom Satellites TV to deliver DTH to Nigeria on the ABS 3A satellite. The service is set to air more than 100 TV channels a first and grow to above 150 with time.

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Bright Echefu, STV Managing Director and CEO said

“Our vision is to provide premium video experience to Nigerians at affordable prices. Our services will enable the viewers to experience HD and SD video and internet surfing at the same time. We are the first indigenous local operator in the region to launch such a premium platform with a variety of services to Nigerians, who have been so far paying exorbitant prices to foreign operators.”

Here are some special offers unique to TSTV
– Pay per view
– 20gb free data (Wi-Fi)
– Inbuilt camera for video calls
– Hard Disk 50gb storage space
– Low price decoder (N5000)
– Very low subscription fees (N200, N500, N1000, N1500, and N3000)
– Pause function (you can pause our subscription while on a trip without bothering about accruing costs)
– 10 BeIN sports stations

DSTV probably tried to up their game in the face of potential competition as a few days back they announced a Pay-as-you-go idea. It has since remained an Idea and has not been implemented as yet. While DSTV is purely a satellite TV provider, TSTV takes the cake providing both a satellite and Internet services.

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DSTV customers think it is great that they get healthy competition and are hoping they shake things up and up their game. Others are just excited that TSTV is Nigerian owned. Here are trending tweets on the matter;

@chydee tweeted “I don’t know if TSTV will be another HiTv but when they launch I am buying it. if for nothing else, to contribute to shaking up DSTV a bit”

@Uncle_Ajala tweeted “Dear Nigerians, let’s support TSTV to give DSTV a good competition. Buy Naija to grow the Naira.”

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Similar posts have been making the rounds as Nigerians earnestly anticipate 1st October. TSTV Africa will function in all states of Nigeria. TSTV decoder will be on sell all across the nation from 1st October.

The official site for TSTV is http://www.tstvafrica.com in the mean while, here’s a rundown of the channels that will be on board after the launch.

TSTV MUSIC CHANNELS
Trace Urban/Africa
HITS TV
MTV Base
TLC (HD)
TSTV SPORTS CHANNELS
Star Sports
Fox Sports
Euro Sports News
Euro Sports 2
Kwese Sports 1
Kwese Free
Kwese ESPN
bein Sports MAX 4HD
bein Sports 3HD
bein Sports Global
bein Sports MAX (bein Sports 1-10)
TS Sports 4 HD
TS Sports 2
TS Sports 3
Yolo Sports HD
TSTV NEWS CHANNEL
BBC America
CNBC
Aljazeera
BBC Radio 2
TVC News
Sky News
Arewa24
AIT
Core TV News
France 24 (English)
CCTV News
Channels TV
Bloomberg Television
DW
Fox News
TRT World
Press TV
NTA
Arise News
TV360 Nigeria

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Patricia

Chacha Wabara-Ogbobine is a Legal practitioner with over 9years post call experience. A research Consultant, professional writer and a blogger at heart,owner of four thriving websites with well over 10years of experience. Totally in love with keeping fit and coaching weight loss enthusiasts. I love my quiet time, being with my kids, watching TV series for hours on end.

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Coronavirus

Former Liberian President to sit on WHO review panel of COVID-19 response effort

Ellen Sirleaf has been picked alongside Helen Clark, to serve as co-chairs of the independent panel.

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Former Liberian President to sit on WHO review panel of Covid-19 response effort

Following stern criticism by US President, Donald Trump, over their handling of the COVID-19 response efforts, the World Health Organization (WHO) has announced it will implement an independent panel to review said response efforts to the pandemic.

To this end, Liberia’s former President and West Africa’s first female President, Ellen Johnson Sirleaf, has been picked alongside former Prime Minister of New Zealand, Helen Clark, to serve as co-chairs of the independent panel. They will be responsible for selecting the other members of the panel, according to the WHO.

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WHO’s Director-General, Tedros Adhanom, announced the panel will produce an interim report in a November meeting of global health ministers. Meanwhile, the substantive report would be produced by May 2021.

Tedros also said that the size of the pandemic calls for the need for a “commensurate evaluation, an honest evaluation”, adding that the WHO would be very serious with the preparation of the report.

READ MORE:COVID-19: WHO warns worst is yet to come as firm charges $2,340 for virus treatment

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The WHO members in May agreed to an independent review of the organization’s response to the pandemic. Ellen Johnson Sirleaf said the review of the body’s response would be challenging but looks forward to her role in doing what she can contribute to the response of the pandemic’s challenges.

The panel will also report monthly updates on the body’s response and will not only review the WHO’s response but also the International community’s response. Tedros added that it’s time for an honest reflection on the global response, saying a response will help with lessons on the pandemic.

 

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Economy & Politics

Presidency dismisses allegation of Osinbajo receiving N4 billion from recovered loots

The accusation was described to be an obvious campaign of lies and calumny.

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Twitter deactivate Yemi Osinbajo's Twitter account, How Nigeria's LPG sector can create 2 million jobs -Osinbajo, budget support, NEC okays $250 million investment in NSIA , MSMEClinic gets 200,000 capacity yam storage facility in Benue, Accusations of Yemi Osinbajo receiving N4 Billion from recovered loots are baseless- Presidency

The office of the Vice President has reacted to a series of tweets accusing Professor Yemi Osinbajo of instructing the embattled acting Chairman of the EFCC, Ibrahim Magu, to release the sum of N4 billion out of N39 billion that was recovered from alleged looters. 

These allegations have been described as “false and baseless”. 

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READ ALSO: UPDATE: President Buhari appoints Prof. Gambari as new Chief of Staff

A statement that was signed by the Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, said, with all emphasis at our disposal, let it be firmly stated that these are totally false and baseless fabrications purposing to reflect goings-on at the probe panel investigating Mr Ibrahim Magu”. 

Ibrahim Magu was relieved of his duties this week, after a probe was conducted on his activities as Acting Chairman of the nation’s anti-graft agency. He has since been replaced with Mohammed Umar. 

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READ MORE: Just In: DSS invites EFCC’s Acting Chairman, Ibrahim Magu for questioning)

Meanwhile, the statement by the Presidency also complained about the recent rise in people being paid to “peddle blatant falsehoods” against the Vice President and says Mr Osinbajo “will not be distracted by these obvious campaigns of lies and calumny”. 

The statement added that the online publications “being criminally defamatory in nature”  have been referred to law enforcement agencies for investigation. 

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Explore economic research data from Nairametrics on Nairalytics

 

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Financial Services

Stanbic IBTC observes closed period, as directors set to consider H1 results

The directors will also consider a proposal to pay an interim dividend to shareholders.

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Stanbic IBTC

Stanbic IBTC Holdings Plc announced earlier today that its board of directors will meet on Wednesday, July 29, as part of preparations towards the release of the company’s consolidated and separate audited financial statements for half-year 2020. The directors will also consider a proposal to pay the company’s shareholders an interim dividend.

A statement issued by the Stanbic IBTC to the Nigerian Stock Exchange (NSE) noted that the scheduled board meeting is in tandem with guidelines contained in section 1.2 of the NSE’s rules book.

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In the meantime, the bank Hold-Co has already commenced observing its closed period ahead of the release of the half-year financial statements. Specifically, Stanbic IBTC began observing its closed period on June 1st, 2020, the implication being that all insiders and their relatives have been prohibited from trading the company’s shares for more than one month now.

Explore economic research data from Nairametrics on Nairalytics

Note that the Stanbic IBTC’s closed period will continue until the half-year financial statements are released. Part of the statement which was signed by Chidi Okezie (Company Secretary), said:

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“In accordance with the provisions of Section 1.2 of the Rules of The Nigerian Stock Exchange (The NSE) relating to Board Meetings and General Meetings of Issuers, we would like to notify The NSE and our Shareholders, that a meeting of the Board of Directors of Stanbic IBTC Holdings PLC (the Company) is scheduled to hold on Wednesday 29 July 2020 at 1:00 pm. The meeting will discuss amongst other items, the Company’s Consolidated and Separate Audited Financial Statements for the Half-year ended 30 June 2020 as well as a proposed interim dividend.

READ ALSO: COVID-19: NSE extends time for submission of audited financial statements

“In view of the above, the closed period for the release of half-year results, which commenced on Monday, 01 June 2020 will continue to be in effect until the release of the Company’s Half-year audited financial statements.”

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Recall that the last earnings report that was released by Stanbic IBTC Holdings Plc was for Q1 2020. The unaudited report showed that gross earnings stood at N61.4 billion as against N58.7 billion in Q1 2019, even though interest income for the period declined by 12% year on year to N27.5 billion. Meanwhile, profit for the period stood at N20.6 billion, an increase when compared to N19.2 billion in Q1 2019.

Stanbic IBTC Holdings’ share price closed at N30.25 at the end of today’s trading session on the Nigerian Stock Exchange. Year to date, the stock has declined by nearly -20%.

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