A leading Africa-focused telecommunications company, Telecel Group, has acquired two West African units from MTN Group Limited preparatory to the latter’s upcoming initial public offering (IPO) within the next three years. According to available information on the deal, the acquired assets of MTN, Africa’s largest wireless company include its debt and equity in Guinea-Bissau and […]
The Nigerian Communications Commission (NCC) has reported that 5G subscriptions in the country increased to 2.3 million in December 2023. The latest data from the telecoms industry regulator on the cadres of network deployment by the mobile network operators (MNOs) showed that despite the gradual migration of their networks to global best standards, the 5G […]
With many of them confirming the linkage of their SIM-NIN several months ago, scores of telecommunications subscribers in the country are expressing frustration over their inability to make calls by Mobile Network Operators (MNOs) due to what one of them termed “the operators’ lack of concern for customers. Some subscribers spoken with in Lagos and […]
The European Union (EU) has promised to disburse 150 billion Euros from this year to 2027 through its Global Gateway initiative to Nigeria and other African countries to enhance infrastructure in over eight sectors. The EU Commissioner for International Partnerships, Jutta Urpilainen, made this disclosure during the launch of the Global Gateway initiative on Thursday […]
The Acting Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has allayed business owners’ fears about the moves by the federal revenue agency to increase the country’s tax-to-GDP ratio to 18% from 10.86%, saying attaining the target will not necessarily involving raising tax rates. Adedeji, who restated the President Bola Tinubu-led administration’s […]
The Nigerian Communications Commission, (NCC) has reported a slight increase in active subscriptions across mobile networks of MTN, Globacom, Airtel, and 9mobile by 0.4% to 220.5 million in July, from the 219.7 million subscriptions recorded by the mobile network operators (MNOs) in the preceding month The commission, in its latest industry statistics, indicated that the […]
…. as industry’s contribution to GDP rises to 13.55% The Nigerian Communications Commission (NCC) has reported that Nigerian telecommunications industry’s domestic investment rose to 785,771,028,960.36 as at the end of December 2022. The just published ‘2022 Subscriber/Network Data Annual Report’ by the industry regulator showed that despite the huge investments to enhance their operations, the […]
The Nigerian Communications Commission (NCC) has reported that active subscriptions for mobile services in Nigeria dropped to 220.9 million in May 2023, representing 1% or 2.4 million decrease from the active subscriptions reported the preceding month. The May figures indicated the third consecutive month of declining trend in mobile subscription level. In April there was […]
The Nigerian Communications Commission (NCC)) has reported that the telecommunications and information services sector generated N2.508 trillion as revenue to the federation account in the first quarter 2023, representing 14.13% to the nation’s gross domestic product (GDP) during the quarter. Data released by the National Bureau of Statistics (NBS) showed that the sector recorded a […]
The Nigerian Communications Commission (NCC) has reported that total active subscriptions for mobile services in Nigeria declined by 1% to 223.3 million in April 2023 from the 225.8 million recorded in the preceding month. The latest industry statistics released by the telecom sector regulatory commission reflected the second consecutive month the Mobile Network Operators (MNOs) […]