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MTN
Data consumption in Nigeria was high in December due to increased activities during the festive period, which saw an increase to 713,200 terabytes, but this was still lower than the January record.
MTN has signalled a potential departure from Guinea-Bissau, Guinea-Conakry, and Liberia, as it highlighted numerous challenges in the West and Central Africa region.
Active subscriptions for mobile services in Nigeria declined by over 6 million in January this year to 218 million as telecom operators enforced the regulator’s directive of banning SIMs not linked with NIN.
Some 43 companies aiming to provide telecommunications services in Nigeria through the Mobile Virtual Network Operator (MVNO) framework have spent a total of N8.6 billion to acquire the licences.
The National Identity Management Commission (NIMC) and the Nigerian Communications Commission (NCC) have announced a strategic collaboration aimed at enhancing processes related to the National Identification Number (NIN)-SIM linkage.
The Nigerian Communications Commission (NCC) has said that the operators of damaged international undersea cables that have caused Internet service disruption in Nigeria and other countries, have begun repair works and are gradually restoring services.
Nigeria's efforts to achieve a 70% broadband penetration by 2025 are facing significant challenges due to the ongoing foreign exchange crisis, which is affecting further investments in telecom infrastructure.
MTN Nigeria has reported that its MoMo Payment Service Bank (PSB) reached 5.3 million active wallet users on its platform as of December 2023.
At the close of the first trading day of the month, the NGX market capitalization took a hit, dropping by N672 billion to settle at N54.04 trillion.
MTN Group and Mastercard have signed a multi-market agreement that will set in motion a new era of collaboration to connect millions of people and small businesses across Africa with digital tools to transact through secure mobile payments.
MTN Nigeria’s customers are currently experiencing difficulty in making calls and using their data as the company faces a prolonged downtime on its network.
Active subscriptions for the internet across mobile, fixed and VOIP networks in Nigeria rose to 162 million in November 2023.