Telecom
Airtel Reports $3.91Bn Revenue for Q1 of 2021

Airtel Africa Plc has reported a 14.2 per cent growth in income to $3.91bn in the first quarter of 2021.
The company, in its financial statement released on Wednesday, said it recorded revenue growth across all its regions: Nigeria by 21.9 per cent; East Africa by 23.5 per cent and Francophone Africa by 10 per cent.
Revenues for voice was up by 11 per cent, data was up 31.2 per cent and mobile money was up 35.5 per cent.
Raghunath Mandava, chief executive officer, Airtel Africa Plc, in a statement, said, “In these challenging times, I want to say a huge thank you to all our employees, our business partners, and governments and regulators who have supported us, and in turn facilitated our continued support to the economies and communities we serve.
“Our performance has been strong, with reported growth of 13.6 per cent in underlying revenue and 18.3 per cent in underlying EBITDA, and constant currency growth of 19.4 per cent and 25.2 per cent respectively.
“Contributions to this growth came across all regions, with particular improvement in Francophone Africa, and across all our major services, with mobile money, data and voice each posting double-digit revenue growth.
“Our customer base also grew strongly for most of the year with new customer registration requirements in Nigeria stemming our onboarding of new customers in the final quarter, and these restrictions were lifted in second half of April.”
The company’s operating profit increased by 24.2 per cent to $1.12bn in reported currency, and by 32.8 per cent in constant currency. Free cash flow was up by 42.8 per cent $647m on the prior year.
The company grew its customer base by 6.9 per cent to 118.2 million, with increased penetration across mobile data (customer base up 14.5 per cent ) and mobile money services (customer base up 18.5 per cent).
However, it witnessed slowdown in customer base growth due to new SIM registration regulations in Nigeria.
Telecom
Nigeria Hits 1 Terabit Internet Traffic Milestone

IXPN, Nigeria’s leading Internet Exchange Point, is proud to announce a landmark achievement: crossing 1 Terabit per second (1Tbps) in aggregate peak domestic internet traffic for the first time.
This milestone signifies a major leap forward in developing Nigeria’s internet infrastructure and underscores the critical role of local internet infrastructure in driving economic growth, innovation, and connectivity for millions of Nigerians.
“This milestone is more than just a number. It’s a symbol of Nigeria’s digital maturity and our united strides towards becoming a tech-driven nation. By keeping local internet traffic within Nigeria, we reduce costs, improve speeds, and ensure our digital economy thrives with homegrown infrastructure.” said Muhammed Rudman the CEO of IXPN.
“Achieving 1 Tbps is a significant victory for Nigeria’s ICT ecosystem, a breakthrough for domestic internet traffic. It serves as a catalyst, enabling millions of Nigerians to enjoy faster, more affordable, and resilient internet connectivity.”
1 Terabit per second is a game-changer for Africa’s most populous country. To put it in perspective:
- Mega Video Calls: A speed of 1 Tbps can support over 1 million concurrent Zoom calls, allowing students, entrepreneurs, and professionals to connect and drive Nigeria’s digital revolution.
- Streaming Frenzy: With 1 Tbps, more than 200,000 people can stream HD Nollywood films or movies on Netflix simultaneously without any buffering or interruptions.
- Data Superpower: This speed enables the transfer of the entire contents of 50,000 smartphones—including photos, apps, and videos—in just one second.
For Nigeria, hitting this milestone means reducing reliance on international bandwidth, decreasing latency for local services, and strengthening our position as Africa’s digital heartbeat. This milestone is a testament to the power of collaboration, innovation, and the relentless pursuit of a faster, more connected Nigeria.
This accomplishment goes beyond technical advancements; it has significant economic implications. By encouraging local traffic exchange, IXPN reduces dependency on international bandwidth, leading to:
- Significant Cost Savings: By utilizing local data exchange, Nigerian businesses can save millions of dollars annually on international bandwidth fees.
- Enhanced Speed and Connectivity: With reduced latency, users experience smoother streaming, gaming, and real-time services, enhancing their overall online experience.
- Increased Resilience: Strengthening Nigeria’s internet infrastructure protects against global disruptions, ensuring consistent access to vital services such as healthcare and education.
- Improved Efficiency: Optimizes digital services like fintech, edtech, e-commerce, and e-health, propelling innovation and growth in these sectors.
Surveys conducted among IXPN members over the years have shown a growing percentage of local internet traffic in Nigeria. A recent report indicates that some connected members can localize or domesticate up to 70% of their internet traffic through IXPN.
“As more content providers, ISPs, banks, and public institutions localize their traffic through the IXP, end users benefit directly,” added Raphael Iloka (Marketing Manager). “We’re not just routing data — we’re building the foundation for Nigeria’s digital economy.”
The 1 Tbps peak highlights the remarkable impact of collaboration among all stakeholders. This milestone is a significant achievement not only for IXPN, but for the entire ICT ecosystem. IXPN deeply appreciates the vital contributions of all stakeholders involved.
To our Members and Partners: Your trust and participation have been essential to our growth. Together, we have established a hub where networks can interconnect, innovate, and thrive.
To the Government and Regulators: We express our sincere appreciation to the Nigerian Communications Commission (NCC) for all its support over the years and its vision of a digitally inclusive Nigeria.
To our Team: We extend our gratitude to our engineers, network administrators, and all other staff who work tirelessly behind the scenes to push boundaries.
To the Global Community: We are grateful to partner organizations like the Internet Society (ISOC). Your support and advocacy in domestic peering empower us all.
Reaching 1 Tbps is just the beginning. As data demands skyrocket with AI, IoT, 5G, and immersive technologies, IXPN is committed to staying ahead of the curve. Here’s how:
- Scaling Infrastructure: We are investing in advanced hardware and software to support multi-terabit capacities.
- Enhancing Resilience: We are strengthening our network to ensure uptime, security, and adaptability in an ever-changing digital landscape.
- Empowering Underserved Communities: We aim to expand our reach to rural areas, bridging the digital divide, and supporting agritech, edtech, and telehealth.
- Strengthening Africa’s Digital Sovereignty: Partnering with regional IXPs to keep Africa’s data on the continent.
Telecom
TD Africa’s TecHERdemy Empowers 400 Women to Lead in Tech

On April 17, 2025, the atmosphere at Yudala Heights was electric with pride, hope, and inspiration as TD Africa, the leading tech distribution company in Sub-Saharan Africa, celebrated the graduation of 400 young Nigerian women from its flagship TecHERdemy program.
Over the past six months, these incredible women immersed themselves in rigorous, hands-on training in Cybersecurity, Data Science, Artificial Intelligence, and Software Development. They are now confidently stepping into the tech world, ready to make their mark.
The event brought together top voices in the industry, including Dr. Leo Stan Ekeh, Chairman of the Zinox Group, who commended the graduates for their resilience and brilliance. In his keynote speech, he shared a hopeful vision for Africa’s future, calling these young women “the pioneers of a new, inclusive era of tech leadership on the continent.”
Mrs. Chioma Ekeh, CEO of TD Africa, also delivered a heartfelt message, urging the graduates to let their values guide them as they navigate their careers.
“Hold tightly to your values. Let integrity guide your work, let innovation fuel your dreams, and let your impact speak louder than your résumé,” she encouraged.
The ceremony was filled with emotion as graduates shared their personal stories of transformation. One of them, Yetunde Kayode, now a certified data scientist, summed it up beautifully: “This program changed my life. I’m walking away empowered, skilled, and deeply grateful to Mrs. Ekeh and the TecHERdemy team for believing in us.”
Fifteen exceptional participants were also honoured for their outstanding performance and leadership during the program, reminding everyone that excellence comes in many forms.
TecHERdemy, which launched in November 2024, was built with a simple but powerful mission: to equip young Nigerian women with globally relevant digital skills and open doors to a tech career. But what happened over those six months went beyond just skills; it sparked a movement.
This graduation wasn’t just the end of a program. It was the beginning of a brighter, more inclusive future for tech in Africa.
Telecom
MTN Nigeria Faces Class Action Lawsuit over Alleged Data Mismanagement

Nigerians have launched a class action lawsuit against MTN Nigeria, accusing the telecom giant of unexplained data usage and rapid depletion.
The controversy erupted after a viral post on X (formerly Twitter) showcased an individual’s interest in taking legal action, along with evidence of unusual data activity.
This post rallied many others to join the cause, sharing their own grievances and pledging support.
A Google Form was circulated to collect names of affected users, highlighting issues such as false data top-ups and excessive costs without value.
Comparisons to data usage and pricing in other countries only fueled the frustration, and numerous Nigerians expressed their determination to pursue justice.
Social media buzz amplified the issue, with mixed reactions ranging from encouragement to skepticism about the lawsuit’s potential impact.
Meanwhile, MTN Nigeria has not yet released an official response to these allegations.
- Telecom2 days ago
Digital Transformation Remains Africa’s Gateway to Economic Advancement – Adumike
- Telecom2 days ago
PAFON 2.0: Experts Discuss Pathways to Boost Financial Inclusion in Nigeria
- General News2 days ago
EFCC Clarifies SCUML Certificate Misuse amid CBEX Ponzi Scheme Scandal
- E-Financial2 days ago
CBN, NGX Group Defend Economic Reforms at Nasdaq
- Telecom1 day ago
MTN Nigeria Faces Class Action Lawsuit over Alleged Data Mismanagement
- Telecom1 day ago
Nigeria Hits 1 Terabit Internet Traffic Milestone
- General News1 day ago
FG to Introduce New Tax Credit Scheme to Replace Pioneer Status Incentive
- E-Financial1 day ago
FCMB Capital Markets Leads ₦11.85bn GLNG Bond for LNG Plant Expansion