• Latest
  • Trending
Why Globacom CEO Ahmad Farroukh resigned after one month

Why Globacom CEO Ahmad Farroukh resigned after one month

January 22, 2025
South African investment giant raises caution on Bitcoin ETF risks

South African investment giant raises caution on Bitcoin ETF risks

September 26, 2025
OpenAI’s ChatGPT Pulse now available for Pro users

OpenAI’s ChatGPT Pulse now available for Pro users

September 26, 2025
MSport 2025

MSport 2025: Nigeria’s #1 Sports Betting Site, Powered by Chelsea & BVB

September 25, 2025
MNT-Halan introduces Egypt’s first secure lending solution via Halan App

MNT-Halan introduces Egypt’s first secure lending solution via Halan App

September 25, 2025
Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

September 25, 2025
Airtel Africa invests in education with 100 scholarships and new tech hubs

Airtel Africa invests in education with 100 scholarships and new tech hubs

September 25, 2025
SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

September 25, 2025
Tango Brook launches digital card for fuel management

Tango Brook launches digital card for fuel management

September 25, 2025
AI in Nigeria announces 3rd edition of InnovationAI

AI in Nigeria announces 3rd edition of InnovationAI

September 25, 2025
Interswitch Unveils Quickteller Travel to Transform African Travel Experience

Interswitch Unveils Quickteller Travel to Transform African Travel Experience

September 25, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Technology Telecommunication

Why Globacom CEO Ahmad Farroukh resigned after one month

Oluwatosin Adeyemi by Oluwatosin Adeyemi
January 22, 2025
150 2
0
Why Globacom CEO Ahmad Farroukh resigned after one month

Why Globacom CEO Ahmad Farroukh resigned after one month

471
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

Ahmad Farroukh, who was named CEO of Globacom, a leading telecom company in Nigeria, in October 2024, has reportedly resigned after one month.

Farroukh exited Glo due to unresolved challenges in the telecom company’s organisational structure, according to a report by TechCabal.

Globacom as of Tuesday evening did not release any official statement to affirm or counter media reports regarding Farroukh’s exit.

Read also: Gabon grants Airtel comprehensive fixed operator licence

RelatedPosts

MSport 2025: Nigeria’s #1 Sports Betting Site, Powered by Chelsea & BVB

GritinAI Connect: AI Conference Benin 1.0 set to drive sustainable development in Edo

NiRA to host 2nd edition of Tech Convergence

Difficulty in adapting to Glo’s centralised operating structure 

The seasoned executive Farroukh, who had previously worked for MTN and Smile Communications, allegedly found it difficult to adapt his managerial style to Globacom’s centralised operating structure, which was greatly influenced by founder Mike Adenuga.

Throughout Globacom’s history, Mike Adenuga has kept a close eye on operations with minimal separation between its business interests and Globacom’s management.

Globacom’s regulatory challenges 

A number of serious regulatory issues precede Globacom’s leadership upheaval. When the corporation registered more than 40 million users without legitimate National Identification Numbers (NINs), the Nigerian Communications Commission (NCC) penalised it in 2024.

Due to non-compliance with this regulation, Globacom lost almost 40 million users.

The consequences of this compliance violation caused Globacom’s market share to fall to 12 percent, a 60 percent decrease and raised concerns about its capacity to compete with rivals such as MTN and Airtel.

The sudden departure of Farroukh is indicative of an increasing pattern of leadership changes in Africa’s telecom sector.

Read also: Telecom Egypt named ‘Best Investor Relations -Telecom Company’ at International Finance Awards

Needs to change governance structure

For Globacom to stabilise its operations, it is now necessary to address its internal and external difficulties. Two of its key priorities are changing its governance structures to draw in top personnel and hiring a new CEO with the know-how to handle Nigeria’s cutthroat telecom market.

Additionally, regaining its market share will require resolving regulatory issues and restoring consumer trust.

As the telecom industry in Africa evolves, businesses such as Globacom are under increasing pressure to strike a balance between leadership stability and flexibility.

The way the business handles this situation will determine how it operates going forward in Nigeria and the surrounding markets.

Tags: GlobacomNigeria
Oluwatosin Adeyemi

Oluwatosin Adeyemi

Oluwatosin Adeyemi is a seasoned writer with 5+ years of experience. He holds a degree in Animal Science from Olabisi Onabanjo University. A hardworking and creative individual with a passion for teamwork and self-improvement.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.