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MTN, Airtel Raked In N2.02tn From Airtime, Data
According to the financial statements, two telecommunication companies, MTN Nigeria Communications Plc and Airtel Nigeria, have both raked in N2.02tn from airtime and data revenues in 2021. The amount indicates a 20.01 percent increase from the N1.68tn both companies made from airtime and data revenues in 2020. According to statistics from the Nigerian Communications Commission,…
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58 Companies pay N733b Dividend In 2021
No fewer than 58 organizations– including MTN Nigeria Communications Plc, Dangote Cement Plc, GTCO Plc– have paid their investors over N732.91 billion as dividends year-to-date. Dividends are a company’s way of sharing its profits with investors who retain the organisation’s stocks over a holding period up to a qualifying date. According to a statement released…
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Only One Network Provider Recoded Increase In July
Latest report by the Nigerian Communications Commission (NCC) has shown that Globacom (Glo) was the only network that recorded an increase in its subscriber base in July, 2021. This was according to the monthly subscribers’ report for July published on its website. NCC indicated that Glo moved from 50,130,540 in June, to 51,137,799 at the…
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Nigeria’s Data Usage Increase By 202.08%
According to data from the Nigerian Communications Commission, data usage in Nigeria surged by 202.08 percent in three years. This is following the subscriber/network report of 2018, 2019, and 2020. Data usage rose from 68,154.12 terabytes in 2018 to 125,149.86TB in 2019 and 205,880.4TB in 2020. The total national and local outgoing voice calls were…
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Telcos Lose Three Million Subscribers In April
Telecommunication companies in Nigeria have lost more than three million subscribers in the month of April 2021. This is according to new industry statistics released by the Nigerian Communications Commission. Subscriber base fell from 192,413,613 in March to 188,705,734 in April. Globacom was the biggest loser with about 2 million subscribers lost; MTN lost about…