Nigeria has a growing number of Internet Service Providers (ISPs), who are competing daily to serve the needs of both corporates and private individuals desirous of steady internet connectivity in their homes and offices.
But despite the wide array of service providers that abound, Nigerians are often left undecided as to which ones to choose from. The reason is simple – services offered by the ISPs are basically average.
In the meantime, however, the quest for the best Internet Service Provider is on. Yesterday, the Founder and Publisher of Nairametrics, Mr Ugo Obi-Chukwu, asked his followers on Twitter to reconmmend the best fiber broadband internet provider for a location in Lekki Phase 1, Lagos. As expected, he received lots of responses.
I’m trying to get a fixed wireless or fiber broadband internet for a location in Lekki 1.
Twitter Naija, what do you recommend?
— Ugodre (@ugodre) February 25, 2019
A lot of names were suggested, some of which are popular, and others not so much. These include the likes of-
- Cyspace Nigeria
- IPNX Fiber
- Baclbone Connectivity Network
- Brainshare Technology
- Fiber One
- e-Stream Networks, etc.
Tizeti received quite the bashing
Nigerians used the opportunity to express their displeasure over the unpleasant services they have so far been subjected to by some of the ISPs. Mr Chukwu was specifically warned to stay away from Tizeti, because not only is their service bad, so also is their customer service.
Chai! Are they that bad…I almost paid to them today oh!
— Ugodre (@ugodre) February 25, 2019
Furthermore, I had their radio installed in November 2018 and to the best of my knowledge, their technicians have visited my location for troubleshooting at least 7 times!
— Tunde Akinseye (@tundeakinseye) February 25, 2019
Whatever u do, avoid Tizeti.
— Olajide Ola (@jiddy203) February 25, 2019
People also expressed displeasure over Swift, telling Mr Chukwu and everyone else to stay away from it. Complaints ranged from poor service delivery, to the high subscription cost.
— Seun I (@iseunmoks1) February 25, 2019
Avoid swift…their billing will make you look like you are learning mathematics
— Chike Ezeh (@chykoskopi) February 25, 2019
Some ISPs, however, did receive positive comments. One of them is Backbone Connectivity Network. The person that recommended them said the service provider is “very good”. He even called on his friend to vouch for the company.
Please check Backbone Connectivity Network (BCN). They are our ISP in my office and service is very good. You can also ask @gbenro for more info. He uses their services both at home and in his office too. Their services are very affordable. Customer Care is good too.
— AYODEJI (@KLAZEMATICS) February 25, 2019
@VodacomNG got you covered. Please send an email to email@example.com or call 017000700 and a customer care person will attend to you ASAP.
— Obianuju Olorunmola nee Okafor (@obyokafor) February 25, 2019
Fiber One by @kkontech. The best Fiber to Home service. Trust me I know.
— NnannaW (@ScitoA) February 25, 2019
Meanwhile, some companies came on the thread to observe, with one of them even taking the opportunity to market their service.
Hello @ugodre We @CyberspaceNaija have 4G LTE within Lekki and environs. It can be used in a fixed scenario (just like you requested), and also supports mobility,… Would you like us to take this conversation to your DM?
— CYBERSPACE Nigeria (@CyberspaceNaija) February 25, 2019
Someone even vouched for them, stating that the company has been in the game for more than twenty years.
Cyberspace iso 9001:2015 Bsi certificate, over 20 years in the game @CyberspaceNaija
— MissMadame (@Ifybeeeee) February 25, 2019
But despite all the recommendations, the search is still on for the best fiber to home internet provider. And until that ISP is found, some people are patient to wait.
Abeg, when una find, let me know!
— adesoji (@adesoji45) February 25, 2019
Lagos to open churches, mosques from June 19, limits gatherings to 40% capacity
Religious bodies to open at a maximum of 40% of their capacity and we’ll be working with them as being expected by the Lagos State Safety Commission.
Lagos State government says religious gatherings would be allowed to reopen on June 21, 2020. This was disclosed by the State Governor, Babajide Sanwo-Olu on Thursday during a press briefing at Government House, Marina.
According to the Governor, mosques are to reopen from June 19 while churches are to begin services from June 21 and only Friday and Sunday services should be held for now, as other regular services, including night vigils, must be put on hold.
He said, “There will now be restricted openings of religious houses based on compliance that we have seen and reviewed with the Safety Commission.
“From 14 days time, precisely on the 19th of June for our Muslim worshippers and from the 21st of June for our Christian worshippers, we will be allowing all of our religious bodies to open at a maximum of 40% of their capacity and we’ll be working with them as being expected by the Lagos State Safety Commission.
“But we know that these places of worship have different sizes but even if your 40% capacity is really so large, you cannot have beyond 500 worshippers at once, and keeping that maximum 40% capacity is really important.
“We will be encouraging people to have more than one service and ensure that they keep their premises clean, disinfect before another round of worship can take place.
“We will also be advising that there should only be mandatory Fridays and Sunday services. All other night vigils and services must be put on hold for now until we review our current situation.
Sanwo-Olu added that the state will also be advising that persons below the age of 15 because of how well they walk around should be excused from the places of worship and citizens that are above the age of 65 should not be allowed into these places of worship.
FG may lift ban on interstate movement on June 21
Interstate movement may resume on June 21.
The Federal Government may lift the ban placed on interstate movements on June 21, 2020.
This was disclosed by special adviser to President Muhammadu Buhari on new media, Bashir Ahmad on Thursday via his Twitter handle.
He stated, “Interstate movement may resume on June 21, the National Coordinator of the Presidential Task Force on COVID-19, Dr Dani Aliyu, gave the hint recently, as domestic flights expected to resume on June 21.”
Interstate movement may resume on June 21, the National Coordinator of the Presidential Task Force on COVID-19, Dr. Sani Aliyu, gave the hint recently, as domestic flights expected to also resume on June 21.
— Bashir Ahmad (@BashirAhmaad) June 4, 2020
Meanwhile, the FG last Monday, June 1, 2020, announced a cautious advance into the second phase of the national response to COVID-19. As part of the measure in the new phase, the FG has announced the full reopening of the financial sector.
This was announced by the national coordinator of the presidential task force on COVID-19, Dr Aliyu Sani. He said that the banks will now be allowed to operate at normal working hours five days a week as against the restricted time of 2 or 3 pm that was announced during the first phase of the easing of lockdown.
The Presidential Task Force also gave the green light to hotels to reopen but must do so based on the guidelines rolled out by the National Centre for Disease Control (NCDC). They are to maintain non-pharmaceuticals intervention. However, gyms, cinemas, parks, nightclubs and bars are to still remain closed until further evaluation.
The restaurants, other than those in hotels must remain closed to eat-ins but are allowed to prioritize and continue to practice the takeaway measure that has been in place since the first phase.
The conundrum in the retail pricing of PMS
Considering the landing cost of petrol is largely influenced by the prices of crude oil in the international market, we think prospects of continued recovery in crude oil prices is likely to put upward pressure on the cost of importing petrol.
The decision of the Petroleum Products Pricing Regulatory Agency (PPPRA) to reduce the pump price of Premium Motor Spirit (PMS), also known as petrol, to N121.50 per litre from N123.50 per litre has been met with stiff resistance from oil marketing companies (OMCs). The Independent Petroleum Marketers Association of Nigeria (IPMAN) have also stated that it impossible for its members to sell petrol at the new price floor of N121.5 per litre.
We recall that on 18 March 2020, the Federal Government (FG) reduced the retail price of Premium Motor Spirit (PMS) by c.14% to N125/litre from N145/litre, following the global pandemic which led to an unprecedented decline in oil prices and by extension a reduction in the landing cost of petrol. Subsequently, the FG announced a further reduction to N123.50 which took effect on April 1, 2020. Earlier this month, the FG directed a reduction in the pump price of Premium Motor Spirit (PMS) for the third time to N121.50 per litre. We note that the adjustments in the retail price is in line with the directive from PPPRA on a monthly review of the pump price, depending on prevailing market realities.
In our view, considering the landing cost of petrol is largely influenced by the prices of crude oil in the international market, we think prospects of continued recovery in crude oil prices is likely to put upward pressure on the cost of importing petrol. With the gradual relaxation of lockdown measures by countries who are starting to reopen their economies alongside the historic production cuts of OPEC+ which took effect last month (a 9.7mb/d oil production cut for May and June), we think the risks to oil prices are tilted to the upside in the near term.
Since hitting a two-decade low of US$19.33 on 21 April when the retail price of petrol was pegged at N123.50, brent crude prices have gained c.105% to close at US$39.54 on 3 June. Against this backdrop, we expect that the retail price of petrol should rather be adjusted upwards to reflect current market realities. The current situation appears no different from historical trends where the FG becomes reluctant to effect an upward adjustment in the retail price of petrol during periods of rising crude prices. This has often resulted in the renewed payments of the age-long fuel subsidy. We also think oil marketing companies (OMCs) who have only recently begun to import petrol alongside the Nigerian National Petroleum Corporation (NNPC) due to more favourable pricing could halt importation once again if domestic retail prices become unfavourable.
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