Telecom
Abuja, Jos Winners Receive Brand New Cars, Other Items in Glo Joy Unlimited Promo

The Federal Capital Territory, Abuja on Thursday played host to Joy Unlimited Extravaganza Promo, a customer appreciation programme of telecommunications giant, Globacom.
The two Kia Rio cars will make a total of five cars won so far in the exciting promo which has also given hundreds of household appliances including refrigerators, power generators and television sets to winners across the country.
In the FCT, 106 home appliances were presented to winners comprising 37 power generators, 32 refrigerators and 37 television sets. Likewise in Jos, Plateau State, 13 generator winners went home with their prizes, while eleven and thirteen won refrigerators and television sets respectively, making a total of 38 lucky winners.
Peter Ekeifo, 35-year-old a Lifestyle Manager from Delta State, was the proud winner of the Kia Rio in Abuja while Mohammed Bashie Amsami, a Borno-born trader won the car in Jos.
The Chairman, House of Representatives Committee on Cooperation and Integration in Africa, Hon. Umar Mohammed Bago, and Globacom’s Regional Manager, Abuja, Mr. Kazeem Kaka were on hand to jointly present the car to the Abuja winner just as the Sector Commander of Special Task Force in Jos, Col MD Abdusalam, and the Plateau State Commissioner for Youth and Sports, Hon Victor Lapang, were joined by other important personalities from the state to present the brand new Kia Rio car to Amsami.
Speaking during the presentation ceremony, Ekeifo, said he was dumfounded when he received a call from a Glo Customer Care staff informing him about the car prize. Said he, the car is “a gift from God delivered through Glo.
“Globacom has made me happy. I will use the car personally, and it will help me greatly in my artist lifestyle management job. It is another level now. To God be the glory, God bless Globacom”.
The story was not too different for Amsami who was full of gratitude to the company for the surprise gift. “I was so excited when I got the call that I had won. I and my two wives will enjoy this gift. Everyone in the country really needs to get on the Globacom network because this is where it is happening. Glo has made my dream come true”, he said.
Abuja Glo boss, Kaka explained that, “Hundreds of Glo subscribers have received their prizes at prize-presentation events held in Lagos, Enugu, Ibadan and Port Harcourt where the first car winner Obinna Adiele, a civil engineer, drove home his brand new Kia Rio last Thursday.
Also two days ago, we presented prizes to the second set of winners in Lagos where the second car was won by Afeez Oseni, a Lagos-based clearing agent, while Osaze Osemwegie, a welder in Benin City, picked up the third car at the prize presentation ceremony held in the Edo State capital on Tuesday”.
In the same vein, Jideofor Agudosi, Globacom Regional Sales Manager Jos, disclosed that “The Glo Joy Unlimited Extravaganza promo was launched in furtherance of our commitment to giving more value to our subscribers as they use their Glo lines”.
Mr. Obi Iregbu, the Director, Licensing and Operations, National Lottery Regulatory Commission, felicitated with the fortunate subscribers while giving kudos to Globacom for initiating the loyalty reward promo for the benefit of its customers.
The Joy Unlimited Extravaganza train will move to other cities including Ibadan, Onitsha, Kaduna, Uyo, Ibadan, Warri, Ilorin before returning to Lagos where prizes will be presented to winners in these locations.
Telecom
FG to Launch $2Bn Fibre Network Project in Q4 2025

Federal government has said it commence a $2 billion fibre network expansion project in the fourth quarter of 2025.
The initiative aims to enhance the country’s digital infrastructure, boost internet accessibility, and drive economic growth.
Under the project, an additional 90,000 kilometres of fibre optic cables will be deployed, expanding Nigeria’s existing network from 35,000 km to 125,000 km.
This expansion is expected to improve internet connectivity, increase broadband penetration to over 70%, and significantly reduce access costs by more than 60%.
Dr Bosun Tijani, minister of Communications, Innovation, and Digital Economy, stated that the Federal Executive Council had approved the creation of a special purpose vehicle to oversee the project’s implementation and funding.
The government will invest $1 billion directly, while the remaining funds will be sourced through loans and partnerships with organisations such as the World Bank.
This initiative aligns with Nigeria’s broader digital transformation agenda, reinforcing its commitment to becoming a leading digital economy in Africa.
Improved fibre optic infrastructure is expected to drive technological advancements, attract investment, and create job opportunities across various sectors.
By enhancing internet accessibility nationwide, the project will support Nigeria’s growing tech ecosystem, facilitate e-governance, and enable digital inclusion, particularly in underserved rural areas.
The government’s investment in broadband infrastructure is seen as a strategic move to position the country as a regional hub for digital innovation.
The launch of the fibre network project marks a significant step toward closing Nigeria’s digital divide, fostering economic development, and ensuring that more Nigerians have access to affordable, high-speed internet.
Telecom
MTN’s Earnings Hammered by Free Falling Naira in Nigeria

MTN Group has reported a 69 per cent decline in full-year earnings, citing the impact of Nigeria’s naira devaluation and operational difficulties in Sudan.

Karl Toriola, chief executive officer, MTN Nigeria
The company with headquarters in South Africa announced on Monday that its headline earnings per share—a key profitability measure fell sharply to 98 cents for the year ending December 31, down from 315 cents in 2023.
The financial downturn was largely attributed to Nigeria’s ongoing foreign exchange crisis, which has led to chronic dollar shortages and multiple currency devaluations.
In a bid to stabilize the naira and attract investment, the Central Bank of Nigeria implemented devaluation measures that significantly affected businesses operating in the country, including MTN.
Rising inflation and high interest rates further exacerbated the situation, increasing operational costs and contributing to the telecom giant’s financial slump.
MTN Nigeria, a key subsidiary of the group, bore the brunt of the economic turmoil. Its pre-tax loss surged by over 200 per cent, reaching N550.3bn ($355.76m).
In response, the company has initiated several measures aimed at restoring profitability, including renegotiating tower leases and implementing a tariff hike, which received regulatory approval in January.
Despite the challenging economic environment, Ralph Mupita, CEO, MTN Group said the company remains optimistic about the recovery prospects in Nigeria.
“That pain which we’ve had for 18 months is abating somewhat,” Mupita stated during a media briefing. “The business is growing very strongly. So, I’m actually very bullish and confident that we’ll see a strong recovery in Nigeria.”
Beyond Nigeria, MTN’s performance in Sudan was also hampered by the country’s ongoing armed conflict.
The unrest led to network impairments totalling 11.7bn rands ($643.40m), significantly affecting operations in the capital, Khartoum, where services had been down since April 2023.
However, the company has reported gradual improvements, with some sites being restored in previously conflict-ridden areas.
Despite the downturn, MTN’s overall group service revenue stood at 177.8bn rand, reflecting a 15 per cent decline.
However, in constant currency terms, the company noted a 14 per cent rise in service revenue, buoyed by growth in data, fintech, digital, and enterprise services, particularly in its home market of South Africa, where service revenue increased by 3.1 per cent.
To reassure investors, MTN declared a final dividend of 345 cents per share and projected a minimum dividend of 370 cents for the 2025 financial year.
While the company continues to navigate economic and geopolitical challenges across its markets, the management said it remains focused on strategic initiatives aimed at stabilizing its operations and ensuring long-term profitability.
The telecom giant said it is actively engaging with regulatory authorities, implementing cost-cutting measures, and leveraging its digital transformation strategy to drive revenue growth.
With confidence in Nigeria’s long-term market potential, MTN said it is optimistic about a turnaround despite the current headwinds.
Telecom
Galaxy Backbone Unveils a 4year Integrated Digital Transformation Strategic Plan

Galaxy Backbone Limited (GBB), Nigeria’s foremost digital infrastructure and services provider, has unveiled a bold and comprehensive four-year strategic plan (2025-2028) aimed at accelerating the integrated digital transformation Strategy (IDTS) plan for government and businesses in Nigeria.
This strategy is designed to enhance digital service delivery, strengthen connectivity, and support Nigeria’s vision of a fully integrated digital economy.
Developed in collaboration with key stakeholders, the strategy focuses on five core pillars that will drive efficiency, innovation, and sustainability in Nigeria’s digital landscape.
The first focuses on building a Resilient Digital Infrastructure; ensuring that government and businesses have access to secure, high-speed, and scalable digital platforms. By building and maintaining a robust digital backbone, GBB aims to support the nation’s growing demand for seamless connectivity and data security.
The second pillar, Integrated Digital Ecosystems; fosters collaboration between government, businesses, and local communities, creating a more connected Nigeria. Through this initiative, GBB seeks to break silos and establish a unified digital experience that enhances communication, innovation, and service delivery.
To meet the evolving demands of governance and business, the strategy prioritizes Innovative Service Delivery; ensuring that digital solutions are tailored to address economic, social, and administrative needs. By leveraging cutting-edge technologies, GBB is committed to driving efficiency, economic growth, and improved public service delivery.
Now, recognizing the critical role of trust in the digital era, the fourth pillar of the strategy places a strong emphasis on Digital Leadership & Trust. GBB is dedicated to fostering a culture of cybersecurity, transparency, and accountability, ensuring that Nigeria’s digital infrastructure is not only efficient but also secure and reliable.
To sustain long-term impact, the fifth pillar, Financial Sustainability; remains a key priority. By investing in innovative technologies and expanding its digital services, GBB aims to drive revenue growth while ensuring affordability and accessibility for all users.
At its core, this strategic roadmap is designed to enhance government efficiency, boost economic development, and improve the overall digital experience for Nigerians. So, as part of its commitment to achieving these goals, GBB is actively engaging with government agencies, private sector players, and international and local partners to foster collaboration and accelerate implementation.
Through strategic partnerships, the organization is poised to lead Nigeria into a new era of digital excellence, ensuring that businesses and government institutions alike are equipped for the future.
Galaxy Backbone, through its IDTS plan, remains steadfast in its mission to drive Nigeria’s digital transformation through world-class infrastructure, secure connectivity, and innovative solutions that power progress.
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