Start-ups in Nigeria, Kenya and others raised $460million in the first quarter (Q1) of this year through $100k+ deals (exc. exits), which is actually not much below the Q1 2024 number ($486million -five per cent YoY), according to new report. The report, entitled: Africa: The Big Deal, noted that Q1 2024 already wasn’t a particularly…
In spite of challenges, global telecoms industry revenue rose 4.3 per cent in 2023 to hit $1.1 trillion by 2028– even as Fifth Generation (5G) subscriptions are projected to quadruple by that year. PwC, in its ‘Global Telecoms Outlook’, said global telecoms revenue is projected to rise at a Compound Annual Growth rate (CAGR) of…
Mobile telecom operator, 9mobile, has unveiled Echoes, its artificial intelligence (AI)-driven storytelling platform that seamlessly blends AI with compelling narratives. This initiative is designed to forge deeper connections with audiences, enhance brand affinity, boost engagement, and ignite conversations about Nigeria’s rich heritage and culture. Echoes by 9mobile was borne out of the brand’s commitment to…
Telecom giant, MTN Group is set to report a significant decline in its full-year headline earnings per share (HEPS) when it publishes its annual report next month. The mobile operator affixed the drop to deteriorating foreign exchange impacts on its profit amid a good operational performance. MTN noted that its HEPS for the year ending…
President Bola Tinubu has reaffirmed his administration’s commitment to adopting successful global economic models, including those from India, to drive Nigeria’s development. Speaking during an interaction with an Airtel delegation led by Chairman Sunil Bharti Mittal at the State House, Abuja, he emphasized that his government is open to learning from other nations to enhance…
One of Nigeria’s largest mobile network operators (MNO), Globacom, has announced a reduction in its call tariff. This is coming at a time other operators are jerking up their call tariff in line with the January 50 per cent adjustment to end user tariff of telecom services by the Nigerian Communications Commission (NCC) which has…
Last year, Nigeria’s telecom sector suffered over 50,000 fiber cuts across the country with ripple effects on service quality and huge financial losses to the mobile network operators (MNOs) via remediation and restoration. Of these cuts, 30,000 were blamed on federal and state road construction activities, telecom sector regulator, the Nigerian Communications Commission (NCC), has…
Pay Tv subscribers have kicked aagainst MultiChoice Nigeria’s hike in the cost of subscriptions for its DStv and GOtv packages. The subscribers, acting under the aegis of Association of Telephone, Cable TV, and Internet Subscribers of Nigeria (ATCIS), said the hike is a reflection of the insensitivity of the pay tv service provider to the…
Angry subscribers yesterday took to Airtel Nigeria’s X (formerly Twitter) page to express their displeasure over the operator’s decision to implement a significant adjustment to its data pricing structure. The revised data plans, published on the telco’s website, include daily plans: N50 for 40MB (valid for one day), N100 for 100MB (valid for one day),…
