Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News Politics

In Q1, Telecom Sector Contributed N134bn To Economy – NBS

Editor by Editor
June 25, 2015
in Politics
In Q1, Telecom Sector Contributed N134bn To Economy – NBS
Share on FacebookShare on TwitterShare on Linkedin

The National Bureau of Statistics (NBS) has disclosed that the telecoms sector recorded a growth rate of 5.26 per cent in the opening quarter of the year and contributed N134bn to the economy.

In its report on the telecoms sector for the first quarter of 2015, NBS affirmed that the sector recorded significant growth from 2.27 million subscribers in 2002 when Nigeria issued its first mobile license. According to the report, the number of subscribers of the mobile telecommunications sector was 143.05 million at the end of the first quarter of 2015.

Out of the four telecoms providers, MTN dominated the number of subscriptions with 61.21 million subscribers, which is 42.84 per cent of the total subscription. Globacom followed with 30.03 million subscribers, representing 21 per cent, while Airtel, with a subscriber base of 28.6 million, which is 20.4 per cent, followed. Etisalat recorded 22.3 million subscribers, representing 15.69 per cent.

RelatedPosts

Airtel acquires 60MHz additional spectrum in Kenya for $40 million

Nigeria’s active mobile subscriptions rises to 206 million in half-year 2022

It further revealed that monthly growth rate averaged 0.95 per cent, while annual growth in the sector averaged 46.29 per cent between 2002 and 2014, with the highest rate recorded in 2004 at 153.65 per cent while the lowest rate of 8.53 per cent was recorded in 2011. “Since May 2014, monthly growth in GSM subscribers has averaged 0.95 per cent, with the greatest increase being recorded in December 2014 at 1.97 per cent and the lowest in July of the same year at 0.43 per cent,” the report read in part.

“The growth in subscribers was mainly driven by Globacom, which recorded an average rate of 1.45 per cent over the period, followed by Etisalat with 1.37 per cent and Airtel with 1.29 per cent while MTN recorded the lowest average monthly growth in subscribers at 0.44 per cent.”

Related

Tags: Airtel Nigeria NewsNews ReviewTech

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Ardova denies facing winding up order over Prudent Energy alleged debt to Zenon
    • Buhari disburses N100 billion loan to indigenous pharmaceutical firms
    • Dangote Cement shareholders lose N409 billion on sell pressure

    Follow us on social media:

    Recent News

    Covid-19: Ardova donates solar energy systems to Lagos and Abuja

    Ardova denies facing winding up order over Prudent Energy alleged debt to Zenon

    August 9, 2022
    Buhari disburses N100 billion loan to indigenous pharmaceutical firms

    Buhari disburses N100 billion loan to indigenous pharmaceutical firms

    August 9, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com