General News
Operators and Expanding Demand for Mobile Broadband

The improvement in access to telephones has had positive impact in virtually all facets of life, including political, social and economic activities, thus resulting in an exponential growth in the subscriber lines due to the widespread of networks across the country.
Currently, the growth and potential earnings accruable from telecommunication services in the country’s economy is comparable to other markets in the world, and the current rate of network growth across the country is impressive.
Quite a number of global technology corporations are extending their operations to Nigeria with a multiplier effect on the economy and international trade between Nigeria and other countries of the world and in particular the West African sub region. The result of this is more competitive market environment and high potential for wired line network service providers.
Moreover, a new report by Infonetics says that it expects operators to see a 6% increase overall in revenue from mobile voice, mobile broadband, and mobile messaging services in 2012. The highest growth in 2012 will come from Asia Pacific and Latin America, while the EMEA region is expected to see a slight decline due to cutthroat competition and economic turmoil.
Globally, the mobile services market is forecast to grow to $976 billion by 2016, with the bulk of the growth coming from mobile broadband services.
“The mobile world is undeniably shifting from voice to data, as mobile operators migrate as many subscribers as they can to data service plans and smartphones.
Already in North America and Asia Pacific, mobile operators derive over 40% of their mobile revenue from mobile broadband and messaging. But, while mobile broadband is no doubt the fastest growing revenue stream for operators, mobile messaging and voice aren’t dead just yet, not by a long shot,” notes Stéphane Téral, Infonetics Research’s principal analyst for mobile infrastructure and carrier economics.
Téral adds: “The prophecies of doom for mobile operators’ SMS/MMS cash cow are being overplayed. Despite the popularity of over-the-top messaging applications like Apple’s iMessage and WhatsApp, our data shows SMS growing every year from 2012 to 2016, delivering a cumulative $1 trillion in operator revenue during those 5 years. And over that same period, voice revenue will decline only slightly, still making up a sizable chunk of operator revenues.”
Mobile data (text messaging, multimedia messaging, and mobile broadband) service revenue rose in every region in 2011, driven by an increase in smartphone usage. At more than a quarter trillion dollars in 2011, Asia Pacific generates the largest portion of mobile service revenue
Voice revenue dipped 0.8% worldwide in 2011, despite the growing use of voice services in China.
Mobile broadband subscribers will grow from 15% to nearly 40% of all mobile subscribers between 2011 and 2016.
According to another report released by ABI Research last week, the global volume of mobile data traffic will exceed 107 exabytes in 2017. This total traffic volume will be eight times more than what is expected for 2012.
Aapo Markkanen, ABI Research senior analyst points out that although the numbers may sound seemingly big, they shouldn’t be understood as yet another warning of the untamable data tsunami mobile operators often try to portray for regulatory reasons. Markkanen says, “It looks like 2015 will be the last year when the traffic volume will grow by more than 50% annually.
And that will happen despite of the fact that the monthly average per wireless subscriber, worldwide, will increase to almost 1.5 gigabytes by the end of our forecasting period.”
A lot of the overall data consumption will depend on how much of on-demand video content will in the end be delivered over cellular networks, so changes implemented by individual content providers may have far-reaching effects.
Netflix, for example, recently added to its iOS app a simple function by which users can limit their viewing to Wi-Fi only and thereby avoid overage charges. Besides accidental video streams, app downloads and updates are another activity that can be easily steered onto fixed networks.
Where are we
The number of mobile subscribers connected to mobile broadband internet has reach about 800,000 as at September last year.
Mobile Broadband is used to describe various types of wireless high-speed internet access through a portable modem, telephone or other device. Various network standards may be used, such as GPRS, 3G, WiMAX, LTE, UMTS/HSPA, EV-DO among others.
According to a recent research by Global System for Mobile Association (GSMA) made available to Nigeria CommunicationsWeek through Mr. Ross Bateson, the association’s spokesperson, the figure represents 80 percent of total Broadband subscribers in the country which is put at 1million.
He said that mobile broadband is a key social and economic development lever, driving Internet connectivity and bridging the existing digital divide.
“The rapid rise in mobile data usage in Nigeria will yield major social and economic benefits as long as there is sufficient spectrum available to meet demand. These include connectivity for businesses and consumers not reached by fixed-line broadband networks and provision of new services, particularly in rural areas,” he noted.
Wireless Intelligence report says that mobile broadband has built good momentum across Africa, with over 7 million high speed packet access (HSPA) connections and an additional 440,000 being added every month.
There are currently 29 HSPA networks across the continent with a further five being planned, and there are four planned LTE networks. Mobile Broadband has proved most successful in Africa where transparent, non-intrusive regulation has been put in place to allow competition between operators.
Bateson urged the federal government and regulators to make plans for the auctioning of 2.5GHz spectrum to support the deployment of LTE technology.
“The Nigerian Government must also start to contemplate the release of low frequency Digital Dividend spectrum. This will be instrumental in ensuring rural areas of Nigeria benefit from high bandwidth broadband connectivity,” he added.
General News
MTN Nigeria’s AGM Highlights Strong Q1 2025 Performance and Future Growth

MTN Nigeria Communications Plc held its 2025 Annual General Meeting (AGM) in Lagos today, where shareholders reviewed the company’s full-year financial performance and endorsed its strategic priorities for the future.
The AGM came on the heels of a strong first quarter in 2025, during which MTN Nigeria invested a record ₦202.4 billion in capital expenditures and posted ₦133.7 billion in profit after tax, marking a major turnaround from a ₦392.7 billion loss in Q1 2024.
This 159% year-on-year surge in Q1 CAPEX—the company’s highest-ever quarterly investment—has gone into expanding network capacity, boosting data speeds, and enhancing service quality nationwide, in response to rising demand for digital services.
The Chairman of the Board, Dr. Ernest Ndukwe (OFR), addressed shareholders, saying: “On behalf of the MTN Nigeria family, I am proud to affirm that our business remains deeply rooted in strength and resilience.
“Our foundation remains solid, and our role within the broader economic landscape is unwavering, even amidst the challenges we encountered over the past year.
“As we reflect on this journey, I am inspired by the resilience of the Board, management, and staff of our Company, backed by the unwavering confidence of our shareholders, the valued support of our customers, and the immense potential of our nation, Nigeria.”
Dr. Karl Toriola, chief executive officer stated: “The year 2024 undoubtedly tested our resilience as we navigated a challenging operating environment marked by severe macroeconomic conditions.
“At MTN Nigeria, we viewed these challenges as catalysts for innovation and decisive action.
“We focused on what mattered most, strengthening the resilience of our network, prioritising customer experience, and accelerating the growth of our commercial operations through our customer value management initiatives.”
However, the company reported a ₦400.4 billion net loss for the year, largely due to ₦740.4 billion in foreign exchange losses from the devaluation of the naira, alongside elevated operating costs, and higher interest expenses. Due to negative retained earnings, the Board was unable to recommend a final dividend for FY 2024, consistent with regulatory requirements.
Looking ahead, MTN Nigeria remains optimistic, citing tariff increases, currency stabilisation, and easing inflation as key factors that will support the company’s return to positive equity in 2025.
Chief Financial Officer, MTN Nigeria, Modupe Kadri, commenting on this optimism said, “Our Q1 2025 results reflect strong operational execution and financial discipline, with service revenue up 40.5% and EBITDA growing by 65.9%.
“We delivered N133.7 billion in profit after tax, marking a significant turnaround from the prior year, while maintaining a healthy cash position and robust balance sheet metrics.”
During the AGM, all resolutions were passed by shareholders, including the adoption of the 2024 financial statements, the re-election of directors, and approval of remuneration policies.
The Q1 2025 report shows the company has returned to profitability and remains committed to strengthening network investments, accelerating digital inclusion, and delivering sustained value to its customers and shareholders.
General News
NITDA Inaugurates Start-up Consultative Forum

Nigeria has taken a bold step toward deepening its innovation ecosystem with the official launch of the Start-up Consultative Forum, an initiative designed to accelerate the implementation of the Nigeria Start-up Act (NSA) and strengthen the country’s tech startup ecosystem.
While addressing the forum, NITDA’s Director General, Kashifu Inuwa CCIE, who was represented by Barrister Emmanuel Edet, the Ag. Director, Regulation and Compliance described the platform as more than just a stakeholder meeting.
“It is a commitment to building a stronger tech ecosystem through collaboration, inclusion, and data-driven governance, marking a new phase in the implementation of the Nigeria Startup Act,” he said.
He noted that the Nigeria Startup Act is more than legislation—it is a framework for national development. “Startups are not fringe players. They are central to Nigeria’s economic future,” he asserted.
Inuwa further mentioned that over the past eight months, NITDA has driven key activities under the Act. These include stakeholder workshops across 10 states, roadshows at tech events like Lagos Tech Week, the Omniverse Summit, Moonlight Conference and the Akwa Ibom Tech Week, and awareness campaigns through digital and direct engagement.
The forum, according to Inuwa, will serve as a feedback engine, spotlighting regulatory gaps, guiding policy improvements, and shaping a startup-friendly environment.
Under the Renewed Hope Agenda and the guidance of the Federal Ministry of Communications, Innovation and Digital Economy, NITDA continues to support startups through initiatives like the Startup Portal, tech infrastructure deployment, and digital skill training across the country.
The DG emphasised that for startups to thrive, policies must be inclusive and responsive. “Inclusion is not charity. It is a strategy,” he said, calling for equal representation across gender, region, and sector.
While inaugurating the members if the Conservative Forum on behalf of the Director-General, the Director of IT Infrastructure Solutions, Oladejo Olawunmi, ignited the forum with a call to action, envisioning it as a vital nexus for collaborative breakthroughs.
He inspired the members, saying, “We remain deeply committed to nurturing a space where innovation can flourish, and I call upon each of us to embrace the task ahead by shaping ideas into concrete policy and outcomes that leave a lasting impact.”
Earlier, Victoria Fabunmi, National Coordinator of the Office for Nigerian Digital Innovation (ONDI), in her opening address called the Forum, a “structured dialogue between those building the future and those enabling it.”
She outlined five key pillars for success: access to funding, capacity building, supportive policy, inclusive innovation, and global competitiveness.
She urged startups to speak boldly, private sector players to offer more than capital, development partners to scale what works, and government to harmonize efforts. “This Forum must be a problem-solving platform, not another talk shop,” she concluded.
With the Startup Consultative Forum now launched, NITDA aims to turn policy into action, ensuring startups are no longer on the sidelines, but at the center of Nigeria’s innovation journey.
The virtual event was attended by private sector players, development agencies, verified Ecosystem Support Organisations (ESOs), angel investors, venture capital firms, and labelled startups from across the country.
General News
NFIU Alerts Nigerians of Rising Ponzi Schemes, Unregulated Crowdfunding Scams

The Nigerian Financial Intelligence Unit (NFIU) issued a detailed advisory on yesterday, warning Nigerians about the growing threat of Ponzi schemes and unregulated crowdfunding scams, particularly in digital assets, agriculture, and real estate.
These sophisticated scams, often disguised under appealing brand names, promise unrealistically high returns, exploiting vulnerable citizens facing economic hardship between 2022 and 2025.
Digital asset scams, like Crypto Bridge Exchange (CBEX) and Chinmark Group, leverage cryptocurrencies’ anonymity and limited regulation. CBEX, promising 100% returns in 30 days, collapsed with over ₦1.3 trillion in losses, using blockchain to obscure funds.
Chinmark, posing as a conglomerate, defrauded investors of over ₦10 billion via social media and religious endorsements. “We are committed to saving Nigerians from the troubles associated with Ponzi schemes,” the NFIU stated, pledging to pursue major actors.
Agricultural Ponzi schemes, such as Farmforte Ltd and Green Eagles Agribusiness, promise unsustainable farming returns, with one Lagos operator collapsing after processing ₦400 million with 16% monthly return pledges. Red flags include guaranteed high returns, unlicensed operations, and reliance on referrals.
The Investment and Securities Act (ISA) 2025 imposes fines of ₦20 million and up to 10 years’ imprisonment for promoting Ponzi schemes, empowering the Securities and Exchange Commission (SEC) to regulate digital assets. The NFIU urged licensing for Virtual Asset Service Providers, advanced fraud detection, and stronger KYC/AML compliance by financial institutions.
It advised the public to verify platforms with the SEC, question return mechanisms, and report suspicious schemes promptly.
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