May 7, 2024
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FDI into telecoms sector falls as industry gets $399.9m in 2022

by on August 11, 2023 0
By Favour Unukaso THE harsh economic condition of the economy, insecurity and volatility in the foreign exchange market might have contributed significantly to the drop in Foreign Direct Investment (FDIs) into the telecoms sector in 2022 as capital inflow dropped significantly by almost 50 per cent.    According to the 2022 Subscriber/ Network Data Yearly... Read More

Airtel Nigeria earns N892b from voice, data services

by on May 12, 2023 0
  By Staff Reporter  VOICE and data services have earned Airtel Nigeria N892 billion, according to the audited financial report released Thursday by Airtel’s parent company, Airtel Africa to the Nigeria Exchange Limited (NGX).    Specifically, the Nigeria operating company recorded a 13.4 per cent growth in voice revenue to N484.9 billion ($1.053 billion), while... Read More