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MTN, Airtel, Others Record 11.8m Loss Of Subscribers



Over the last four months, Nigerian telco operators have lost over 11.84 million subscribers. And it was a steady decline from November 2020 to February 2021.

According to the Nigerian Communications Commission (NCC), the telcos had lost 46,648 subscribers in November, 3.38 million subscribers in December, 4.29 million subscribers in January and 4.13 million subscribers in February.

The telcos –MTN, 9mobile, Globacom and Airtel also recorded zero porting activities. This is due to the instructions laid out by the NCC in December 2020, which saw the telcos suspended sales, registration and activation of new SIM cards.

Breakdown Of Subscriber Statistics

The four major telecoms service providers lost a number of subscribers in February but Airtel appears to be the telco who lost more than the others.

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Airtel subscribers dropped by 1.99 million subscribers from 53.42 million subscribers in January to 51.43 million customers in February.

MTN followed suit with a loss of 1.68 million subscribers. It had 79.03 million subscribers in January, but the figure fell to 77.34 million in February.

Globacom on the other hand did not loose up to a million subscribers but still lost quite a number. The telco recorded a total of 54.17 million subscribers in February against the 54.59 million subscribers it had in January thereby losing 415,071 subscribers.

While 9mobile, which had 12.80 million users in January, lost 35,698 subscribers in February with a total of 12.77 million users, Globacom retained its position as the second largest operator with 27.68 per cent market share.

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Airtel followed closely behind with a 26.28 per cent market share. 9mobile follows after Airtel as the fourth operator with 6.41 per cent market share.

MTN remains Nigeria’s largest mobile network operator with 39.52 per cent market share.

Meanwhile, Nigeria’s mobile Internet subscribers decreased by 2.76 million in February, with the total number of Internet users dropping to 148.13 million from 150.89 million in January.

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UBA Group Dominates the 2021 Banker Awards, Wins ‘African Bank of the Year’



uba bank of the year

Africa’s global bank, United Bank for Africa (UBA) Plc yet again, reaffirms its leadership position across Africa, as the bank has been globally recognised as the African Bank of the year 2021 by the Banker Magazine, a leading global finance news publication published by the Financial Times of London.

UBA’s solid financial performance, its excellent service delivery to customers and its continuous role of facilitating rapid economic growth across the African continent were some of the reasons that led to the bank being named best bank in 12 of its African subsidiaries and in Nigeria. UBA Nigeria Plc, UBA Benin, UBA Burkina Faso, UBA Cameroon, UBA Chad, UBA Congo Brazzaville, UBA Cote D’Ivoire, UBA Gabon, UBA Guinea, UBA Liberia, UBA Senegal, UBA Sierra Leone and UBA Zambia all came out top as the best banks in their respective countries.

This will not be a first for UBA.  In 2020, six of its subsidiaries in Benin, Cote D’Ivoire, Chad, Liberia, Sierra Leone and Zambia were winners of the Best Bank award. This year, the UBA Group is breaking a record with its exceptional wins as African Bank of the Year and Bank of the year in 13 countries.  The total 14 awards makes it the first time ever in the history of the almost 100 years of The banker, that any banking group will be clinching as many as 14 wins in a single year.

At the Virtual award ceremony which was held on December 1st 2021, the Middle East and Africa Editor for The Banker, John Everington, explained at the event that a rigorous and highly analytical process is made annually to reach the decision for each Bank of the Year award and the institution’s reputation for independence, authority and integrity is thoroughly applied to each submission.

“While several African banks impressed the judges this year, there was no doubt as to the worthiest recipient of the Bank of the Year for Africa – UBA Group – a clear winner across a wide range of criteria. UBA has performed impressively across its footprint with a strong financial performance across most of its markets,” Everington said.

UBA’s Group Managing Director/Chief Executive Officer, Kennedy Uzoka, who expressed delight over the recognition from The Banker stated “Like I always say, at UBA, we must be doing something right. Winning 14 total awards in13 subsidiaries and the Bank of the Year on the African continent is a big achievement.’ 

Continuing, Uzoka said, “The recognitions come as a reassurance that we are on track in consolidating our leadership position in Africa, as we continue to create superior value for all our stakeholders. We have our millions of customers across the globe and our many thousands of staff to thank for this. They are the very reason why we keep winning’

Since1926, the Bank of the Year awards has been celebrating the best of global banking and is regarded as the industry standard for banking excellence. The 2021 edition highlights those institutions that have outshone their peers in terms of performance, strategic initiatives and response to the Covid-19 pandemic.

The Banker Magazine is a publication of the Financial Times – a leading global finance news publication which has been in existence since 1888. The Banker magazine is the definitive reference in international banking for high level decision makers.

United Bank for Africa Plc is a leading Pan-African financial institution, offering banking services to more than twenty-five million customers, across over 1,000 business offices and customer touch points, in 20 African countries.

With presence in the United States of America, the United Kingdom and France, UBA is connecting people and businesses across Africa through retail; commercial and corporate banking; innovative cross-border payments and remittances; trade finance and ancillary banking services

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FBNQuest Gets New Non-Executive Director



FBNQuest Gets New Non-Executive Director

FBNQuest Capital Ltd., a subsidiary of FBN Holdings, has announced the appointment of Alhaji Abdullahi Ali Gombe, as an Independent Non-Executive Director.

The Chairman, FBNQuest, Mr. Oyewale Ariyibi, disclosed this in a statement made available on Wednesday in Lagos.

Ariyibi said the company had received all relevant regulatory approvals for the appointment.

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He said that Gombe was joining the board of the company with over 28 years of professional experience.

Ariyibi said he had served several institutions in various professional capacities and had been involved in key transactions that added significant value to the organizations where he served.

He added that prior to joining the board of FBNQuest, Gombe served on various boards including Nigalex Nigeria Ltd., FBN Bureau De Change Ltd., and FBN Bank (DRC) Ltd.

“On behalf of the board, management, and staff of FBNQuest Capital, I am delighted to welcome Alhaji Gombe, MNI to the Company as he brings on board his wealth of experience cutting across various industries and institutions.

“We are certain that his experience will have an immediate and positive long-term impact on the business.

“FBNQuest remains committed to recognizing strong corporate governance as a key driver in ensuring sound business practices are entrenched in the core of its operating model for transparency and the inclusion of all stakeholders,” he added. 

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After 10-month Hiatus, Emirates Airline Resumes Operations To Nigeria



After 10-month Hiatus, Emirates Airline Resumes Operations To Nigeria

Emirates Airline would on Sunday, December 5, 2021, resume its flight operations to Nigeria.

Newsrand understands that direct flights between Dubai and Nigeria were restricted in March over issues relating to COVID-19 test requirements.

A month before the restriction, Emirates had directed Nigerian travellers at the Lagos and Abuja airports to conduct rapid COVID-19 tests before departure. This didn’t sit well with the President Muhammadu Buhari-led government, as it banned the airline flights in Nigeria.

The ban was later lifted after the airline agreed to stop the rapid antigen tests.

However, in a sudden twist, the federal government reintroduced the ban, explaining that Emirates had continued to conduct rapid antigen tests for passengers before departure from Nigeria in spite of the agreement they had.

While the Nigerian Civil Aviation Authority (NCAA) said the moves by Emirates Airline violated the country’s COVID-19 protocols, Minister of Aviation Hadi Sirika described it as “discriminatory profiling” of Nigerian travellers.

But on Thursday, December 2, Emirates, in a statement, said flights would resume in a matter of days, mandating COVID19 PCR tests for all inbound passengers.

Going by this development, passengers from Nigeria will take the COVID-19 PCR test within three days before departure and another test on arrival at the UAE.

The world’s largest international airline will operate to and from its Nigerian gateways with daily flights, providing travellers from Nigeria convenient access to Dubai, which remains a highly popular holiday and business destination,” the statement from Emirates, the flag carrier of the United Arab Emirates (UAE) read.

The airline said travellers coming from Nigeria must hold a negative COVID-19 PCR certificate for a test taken no more than 72 hours before departure.

It added that passengers departing Nigeria must obtain their certificates from designated centres provided by the Nigerian Centre for Disease Control (NCDC).

Emirates Airline flights schedule

Emirates would fly to Abuja with EK 785 and 786, leaving Dubai at 1100hrs, arriving in Abuja at 1540hrs. The return flight, EK 786 will take off from Abuja at 1900, arriving in Dubai at 0435hrs the next day.

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