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Total investments into the telecoms sector currently stands at $70 billion, the Nigerian Communications Commission (NCC) said yesterday in Lagos.
Speaking at the maiden edition of Nigerian Telecom Leadership Summit at Eko Hotel, its Executive Vice Chairman/CEO, Prof Garba Dambatta, said aside this massive investment, the sector contributed 9.85 per cent to the Gross Domestic Product (GDP) in Q4 of last year while in cash terms, it contributed N1.9trilion during the period under review. Nigeria, he said, has more than 63 million subscription on broadband while in the voice segment, there’s173million lines as at March this year which translates to 91 per cent teledensity… More details through: https://thenationonlineng.net/telecoms-attracts-70b-investments/
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The Nigerian Communications Commission (NCC) says the total investment in the Nigerian telecom industry is currently estimated at $70 billion. The Executive Vice Chairman (EVC), NCC, Umar Danbatta, made this known on Thursday in Lagos, during the Nigerian Telecom Leadership Summit 2019…
More details through: https://www.premiumtimesng.com/business/331291-investment-in-nigerias-telecom-industry-stands-at-70bn-ncc.html Nigerian mobile network operators are planning to invest $8.5bn in the next two years to bridge telecommunication infrastructure gap in the country.
The latest report by Global System for Mobile communication Association said this represented an increase of $1.6bn over the past two years. The GSMA Mobile Economy West Africa 2019 report had put the mobile Internet gap in the country at 30 per cent, adding that 29 per cent of the Nigerian population were mobile Internet users… More details through: https://punchng.com/nigerian-telcos-to-invest-8-5bn-to-bridge-network-gap/ Edo State Governor, Godwin Obaseki has disclosed that MainOne and Google have invested $20m for the development of terrestrial fiber infrastructure in the state.
Obaseki made the disclosure in Dubai, United Araba Emirates (UAE), after attending the ninth edition of the Annual Investment Meeting (AIM), themed, “Mapping the Future of Foreign Direct Investment: Enriching World Economies through Digital Globalization.”… More details through: https://www.dailytrust.com.ng/mainone-google-spent-20m-on-edo-fiber-gov-obaseki.html Subscribers to mobile telecommunications services in Nigeria spent about $2.1bn (N767.23bn on airtime purchase from November 2018 to January 2019, investigations have revealed.
This figure is based on the number of subscribers in the three months under review, which was obtained from the Nigerian Communications Commission, and the industry’s Average Revenue Per User provided by network operators… More details through: https://punchng.com/nigerians-spend-n767-23bn-on-airtime-in-three-months/ Online shopping in Nigeria and other African countries could account for up to $75 billion in retail sales by 2025, a report by the McKinsey Global Institute has projected.
The report, which was got by The Nation, said e-commerce and Financial Technology (FinTech) represent two of Africa’s biggest growth opportunities, with the growth of the mobile technology market driving the two sectors… More details through: http://thenationonlineng.net/online-shopping-in-nigeria-others-may-hit-75b-by-2025/ Nigeria’ broadband penetration has increased to 32.34 per cent in January 2019, latest figures from the Nigerian Communications Commission have shown. This is as the number of 3G and 4G subscriptions in the country hit 61.7 million as of January this year. Broadband penetration is typically measured by the percentage of the total population with access to broadband networks out of each hundred…
More details through: https://punchng.com/broadband-penetration-rises-to-32-34/ The number of active voice subscribers in the telecoms sector rose to 172.82 million as of the end of the fourth quarter of 2018, the data obtained from the National Bureau of Statistics revealed.
The 172.82 million telecoms subscribers, according to the NBS, represent an increase of about 10.79 million when compared to the 162.03 million recorded in the third quarter of last year. Similarly, the NBS put the total number of active Internet subscribers at 112,065,740 in the fourth quarter of last year as against 106,420,858 subscribers in the third quarter… More details through: https://punchng.com/telecoms-subscribers-rose-to-172-8-million-nbs/ Nigerian firm, Pan African Towers (PAT) Limited, has entered into a N7.2 billion ($20 million) telecoms infrastructure investments deal with Canadian firm, Watt Renewable Corporation.
More details through: https://guardian.ng/business-services/nigerian-canadian-firms-in-n7-2b-telecoms-infrastructure-deal/ MainOne has said it will enhance a metro fiber infrastructure network project in two states of Nigeria, with support from Facebook. The infrastructure collaboration is part of Facebook’s efforts to connect more people to broadband internet. As part of the project, MainOne is building and operating approximately 750 km terrestrial fiber infrastructure in Edo and Ogun States…
More details through: https://www.thisdaylive.com/index.php/2019/02/28/mainone-facebook-enhance-open-access-fiber-network/ |
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