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Why Glo and 9mobile are losing their internet mobile subscribers

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Nigerian Mobile Internet Users

Nigeria’s active mobile telephone users increased to 160 million in April, with internet users reaching 101.2 million in the same period, up from 100.6 million recorded in March.

Unfortunately, 9mobile and Globacom failed to partake in the growth as they reportedly lost a combined total of 471,782 of their internet mobile subscribers.

On the other hand, MTN and Airtel gained more internet subscribers in March and April, thereby stiffening the competition that already prevails.

The Nigerian Communications Commission (NCC) made this known in its subscribers’ operator data which was released yesterday.

According to the NCC, the reported increase in the number of mobile telephone lines (a total of 160,081,051) marked a 107.5% increase, up from the 148,854,338 that was recorded in March.

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There was no change in the active mobile lines on code division multiple access (CDMA) for April, comparable to March.

Here is a breakdown of how much internet subscribers each of the telcos gained or lost

MTN Nigeria gained the most internet subscribers in April having recorded an additional 718,803 new users; thereby increasing its total subscription to about 38.1 million. This is up from 37.4 million recorded in March.

Airtel took the lead behind MTN Nigeria, recording an additional 366,254 new users; thereby increasing its total subscription to about 25.8 million. This is up from 25.4 million recorded in March.

Globacom on the other hand, lost the most subscribers, with as much as 321,497 users leaving its network in April. This puts the company’s total number of subscribers at about 26.3 million, down from about 26.6 million in March.

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Globacom is followed by embattled 9mobile which lost 150,285 internet users in April, with its total number of active subscribers reducing to about 10.8 million, down from 10.9 million recorded in March 2018.

Why are Globacom and 9mobile losing their subscribers? 

There is one obvious reason why Nigerians are dumping Globacom and 9mobile as their mobile internet service providers – they are not getting value for their subscriptions.

In other words, MTN Nigeria and Airtel must be doing something differently to ensure value, retain their customers and even attract new ones, unlike Globacom and 9mobile.

Meanwhile, it is rather unsurprising that Globacom is losing its customers. Many Glo line users in the country are known to often complain about poor/slow network coverage among other hitches. A mere look at their Social Media platforms will show exactly how unsatisfied their customers really are.

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Interestingly, the leading indigenous telco once tried a failed method which offered more data for less money in a bid to attract more subscribers. Unfortunately, it had to rollback on that following customers’  continued lack of satisfaction and possibly lack of profitability on Globacom’s side.

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9mobile, on the other hand, is known for being very expensive. This could explain why its customers are abandoning it.

Without a doubt, both Globacom and 9mobile need to do more to take back their market shares and effectively compete with MTN Nigeria and Airtel.

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Emmanuel is a professional writer and business journalist, with interests covering Banking & Finance, Mergers and Acquisitions, Corporate Profiles, Brand Communication, Fintech, and MSMEs.He initially joined Nairametrics as an all-round Business Analyst, but later began focusing on and covering the financial services sector. He has also held various leadership roles, including Senior Editor, QAQC Lead, and Deputy Managing Editor.Emmanuel holds an M.Sc in International Relations from the University of Ibadan, graduating with Distinction. He also graduated with a Second Class Honours (Upper Division) from the Department of Philosophy & Logic, University of Ibadan.If you have a scoop for him, you may contact him via his email- [email protected] You may also contact him through various social media platforms, preferably LinkedIn and Twitter.

2 Comments

2 Comments

  1. Anonymous

    June 7, 2018 at 11:21 am

    Very true, glo internet, the poorest, 9mobile, the most expensive.

  2. Osvaldo Coelho

    June 25, 2018 at 5:28 am

    The future of Mobile i Wholesale
    “Boosting Ethio Wholesale Revenues”
    https://www.linkedin.com/pulse/boosting-ethio-wholesale-revenues-osvaldo-coelho/

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Companies

Neimeth Pharmaceuticals to raise N5 billion in additional equity

The Board of Neimeth is set to raise N5 billion additional equity upon the approval by shareholders of the company at the AGM.

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Neimeth Pharmaceuticals
The Board of Directors of Neimeth Pharmaceuticals has revealed plans to raise N5 billion in additional equity upon approval by shareholders of the company.
The information was contained in a press release published on the NSE and signed by the Company Secretary, Mrs. Florence Onhenekwe.

The disclosure is part of the resolutions reached at the Board of Directors meeting of 15th January 2021. At the end of the meeting, it was resolved that the company would raise additional equity to the tune of N5 billion.

In line with this development, a board resolution proposing to raise equity will be presented at the Annual General Meeting of the Company scheduled to hold on 9th March 2021.

What you should know

  • The Board of the Company is yet to disclose if the additional equity would be a rights issue or a private placement, as the details of the additional N5 billion equity set to be raised are yet to be finalized.
  • The fund will help the company’s management to execute key strategies that will reposition the company as a leader in the healthcare industry, with the hope to deliver better returns on investment to shareholders.
  • The additional equity financing will also increase Neimeth’s outstanding shares, which will dilute earnings and impact the Company’s stock value for existing shareholders.
  • The move has the potential to trigger a sell-off of the company shares on the Nigerian Stock Exchange.

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Coronavirus

Covid-19: WHO warns the world faces catastrophic moral failure due to vaccine nationalism

The WHO has said that the prospects of equitable distribution of COVID-19 vaccines were at serious risk.

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Dr Tedros Adhanom, Head of the World health organization (WHO), COVID-19

The World Health Organization (WHO) said the world is on the brink of a catastrophic moral failure due to the fear of Covid-19 vaccine nationalism by the wealthy countries, while the poor countries are left behind.

This is as the UN health agency revealed that the prospects of equitable distribution of the vaccines were at serious risk just as its COVAX vaccine-sharing scheme plans to start distributing inoculations in February.

According to a report from Reuters, this disclosure was made by the Director-General of the WHO, Tedros Adhanom Ghebreyrsus, at the opening of the body’s Annual Executive Board virtual meeting.

He pointed out that 44 bilateral deals were signed last year and at least 12 have already been signed this year.

What the WHO Director-General is saying

Tedros warned against vaccine nationalism to avoid making the same mistake during the HIN1 and HIV pandemic.

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The WHO boss in his statement said,

  • This could delay COVAX deliveries and create exactly the scenario COVAX was designed to avoid with hoarding, a chaotic market, an uncoordinated response and continued social and economic disruption. Such a ‘me-first approach’ left the world’s poorest and most vulnerable at risk.
  • “Ultimately, these actions will only prolong the pandemic, countries should avoid making the same mistakes made during the H1N1 and HIV pandemics.’

He expressed his reservations over the ‘me-first’ attitude of the rich countries and the vaccine manufacturers who prioritize going for regulatory approval in wealthy countries rather than submitting their data to WHO for approval of the vaccines for use globally.

The global scramble for shots has intensified, as more infectious virus variants circulate.

Tedros said more than 39 million vaccine doses had been administered in 49 higher-income countries, whereas just 25 doses had been given in one poor country.

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Observers say this board meeting, which lasts until next Tuesday, is one of the most important in the U.N. health agency’s more than 70-year history, and could shape its role in global health long after the pandemic ends.

What you should know

  • The WHO and health experts had severally warned against nationalism as a serious threat to the fight against the coronavirus pandemic.
  • They had called for an equitable distribution of the Covid-19 vaccine amongst all countries globally, as the wealthy nations will still be at risk of the pandemic if the poor countries are still battling with the disease.

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Energy

LPG: Nigerians paid more to refill 12.5kg gas cylinders in December

Nigerians paid more money to refill their 12.5Kg gas cylinder in December than they did in November 2020.

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Prices of Kerosene, Cooking Gas and Diesel

The average price for refilling 12.5kg cylinder of liquefied petroleum gas (LPG) increased by 1.75% in December compared to the month of November, according to the NBS report for December 2020.

The average cost of refilling the 12.5kg gas cylinder moved from N4,082.97 in November to N4,154.28 in December 2020.

According to the NBS report, the average price for refilling a 5kg cylinder of cooking gas increased by 0.12% month-on-month to N1,949.75 in December 2020 from N1,947.47 in November 2020.

Key highlights

  • Bauchi (N2,489.12), Borno (N2,396.69) and Adamawa (N2,392.88) recorded the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas in the month of December 2020.
  • Enugu (N1,563.75), Imo (N1,678.89) and Oyo (N1,691.67) recorded the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas.
  • Delta (N4,838.46), Cross River/Sokoto (N4,800.00) and Akwa Ibom (N4,614.49) recorded the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas.
  • While, Kaduna (N3,191.67), Zamfara (N3,462.50) and Niger (N3,500.00) recorded the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas.

LPG is fast becoming an alternative to firewood and kerosene as a means of cooking for most homes especially in urban areas in Nigeria. LPG is cleaner and more efficient than kerosene in cooking.

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LPG should be made much more available and affordable to reduce the cost of living for most Nigerians.

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