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Tag: Telcos

Finance

Banks, telecoms, cement giants dominate trillion-naira NGX

Nigeria’s stock market has become increasingly concentrated, with 25 out of 148 listed companies on the Nigerian Exchange Limited commanding N111.11 trillion in market value. These dominant firms are primarily from the banking, telecommunications, and cement sectors. Capital distribution remains uneven. It concentrates in companies possessing pricing power, export capabilities, regulated revenue sources, or robust […]

How FG can boost Nigeria's digital growth - Analyst
Telecommunications

SIM swap services resume nationwide after major disruption

Telecommunications operators have resumed SIM swap services after recent disruptions that impacted millions of subscribers across Nigeria. MTN and Airtel confirmed the development on Sunday, explaining that the earlier delays were caused by challenges accessing the National Identity Management Commission’s verification platform. In a post on its MTN Nigeria Support account on X, MTN stated, […]

Airtel, MTN, others must get ad campaign approval - NCC
Tech

Telcos deploy $1bn network infrastructure to improve service quality

Nigeria’s top telecommunications firms have commenced major network upgrades, deploying $1 billion worth of equipment sourced from Chinese manufacturers to address persistent service quality challenges. The Nigerian Communications Commission confirmed that shipments have begun arriving, as mobile operators aim to meet a year-end deadline for delivering substantial improvements in service delivery, according to The Punch. […]

Nigerian telecom users may pay higher charges in new tax law
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Telcos recover 95% of N180bn USSD debt from banks

The long-running dispute between telecom operators and commercial banks over unpaid USSD fees is close to being resolved, as telecom firms report recovering 95% of the N180 billion debt. The Chairman of the Association of Licensed Telecommunications Operators of Nigeria, Gbenga Adebayo, made this disclosure on Thursday that only three banks still owe outstanding USSD fees, […]

Airtel, MTN, others must get ad campaign approval - NCC
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Telcos gain direct access to USSD revenue under new framework

Telecommunications operators in Nigeria can now directly access revenue generated from Unstructured Supplementary Service Data services, following the approval of a new billing model by the Nigerian Communications Commission and the Central Bank of Nigeria. The newly adopted End-User Billing framework authorizes MTN, Airtel, 9mobile, and Glo to deduct USSD service charges directly from subscribers’ […]

Nigerian telecom users may pay higher charges in new tax law
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Telcos face 33 network outages in May

Nigeria’s telecommunications industry faced significant disruptions in May, with 33 major network outages reported across the country, driven by vandalism, fibre-optic cable cuts, and persistent power shortages, according to data from Uptime, the Nigerian Communications Commission’s outage reporting portal. All four major operators—MTN, Airtel, Globacom, and 9mobile—experienced service disruptions, impacting millions of subscribers with dropped […]

Nigerian telecom users may pay higher charges in new tax law
Telecommunications

Telcos to host virtual network operators summit

Nigeria’s telecom sector is set for a major milestone as Africa Hyperscalers hosts the MVNO Nigeria 2025 summit on May 21 in Lagos, following the issuance of 43 new Mobile Virtual Network Operator licenses. Titled “Unlocking Growth, Competition & Connectivity,” the high-level event will bring together industry leaders to explore the opportunities and challenges shaping […]

How FG can boost Nigeria's digital growth - Analyst
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Telcos propose 100% tariff hike

Nigerian telecommunications companies have requested a 100% tariff increase to cope with rising operational costs, such as inflation and higher service delivery expenses. This was disclosed by the Chief Executive Officer, MTN Nigeria, Karl Toriola, during an interview on Arise TV on Thursday. The CEO however noted that it is still unclear whether the Nigerian […]

Nigerians spent N2.6tn on data, airtime in nine months - Report
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Telcos seek solution to N250bn USSD debt

The Association of Telecommunications Companies of Nigeria has urged industry regulators to implement clear and effective solutions to resolve the long-standing N250bn debt owed by banks to telecom operators for Unstructured Supplementary Service Data services. The President, Tony Emoekpere emphasized the urgent need for clear solutions, warning that the N250bn USSD debt crisis jeopardizes the […]

How FG can boost Nigeria's digital growth - Analyst
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Telcos face investment decline amid dwindling economy

Nigeria’s Telecommunication industry is suffering from a significant drop in investment as the country’s deteriorating economic realities keep the sector under strain. Due to declining revenues and growing costs, the industry—which is essential to Nigeria’s digital transformation and economic growth—is finding it difficult to draw in and hold on to investments, according to The Punch. […]

NCC, Telecom operators urge states to review policies for broadband expansion
Business

Telcos lost 12 million subscribers in 2021 over NIN-SIM linkage 

Telecommunication companies lost a total of 12 million internet subscribers in 2021 owing to the policy of  National Identification Number and SIM linkage.   This was according to the Nigerian Communications Commission in its latest report released on Friday titled, “2021 subscriber/network data annual report.”   The report revealed that internet subscribers in 2021 declined […]

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