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Two telcos raked in N2.02tn from airtime, data in 2021

Two telcos raked in N2.02tn from airtime, data in 2021

MTN Nigeria Communications Plc and Airtel Nigeria both raked in N2.02tn from airtime and data revenues in 2021, according to the financial statements of the two companies obtained by our correspondent.

The amount indicates a 20.01 per cent increase from the N1.68tn both companies made from airtime and data revenues in 2020.

The amount 9mobile and Globacom made from data and airtime revenues could not be obtained as their financial statements are not made public.

According to statistics from the Nigerian Communications Commission, MTN and Airtel are the two major call carriers in the nation. In its industry statistics report for 2020, a total 150,825,830,687.40 minutes of calls were made.

Of this number, a total of 145,420,101,695 calls (96.42 per cent) were made from MTN lines (103,531,547,686 minutes), while the remaining (41,888,554,009 minutes) were made on Airtel network.

In 2021, MTN made N819.74bn and N516.21bn from airtime and data, respectively; in 2020, it made N766.39bn and N332.37bn from airtime and data, respectively. In 2021, Airtel made N397.91bn ($957m) and N287.31bn ($691m) from airtime and data, respectively; in 2020, it made N370.47bn ($891m) and N214.96bn ($517m) from airtime and data, respectively.

In its financial statement for the year end, December 2021, MTN said its data revenue had continued to maintain an upward trajectory even as it expanded its 4G coverage. It added that average megabyte per subscriber rose by 85.3 per cent in the year.

It said, “Data revenue rose by 55.3 per cent, maintaining an accelerated growth trajectory in Q4 as we continue to accelerate the expansion of our 4G coverage, enhance the quality and capacity of our network to support increasing data traffic, and grow active data users.

“Average MB per user rose by 62.7 per cent, enabling overall data traffic growth of 85.3 per cent. Also, smartphone penetration on the network grew by 4.0pp to 50 per cent. Our 4G network now covers 70.3 per cent of the population, up from 60.1 per cent in December 2020.”

MTN added that its voice revenue grew by 8.4 per cent more than that of 2020 as a result of higher usage in its active SIM base, as it witnessed a 7.9 per cent growth in minutes of use.

According to Airtel, its voice revenue grew by 8.4 per cent, resulting in a 7.9 per cent growth in minutes of use.

The Chief Executive Officer, Airtel Africa Plc, Segun Ogunsanya, said, “Voice revenues posted year on year growth of 9.9 per cent, almost 10 per cent in the quarter, a slight slowdown given the softer quarter particularly in Q1 but still reflecting year on year customer growth of 5.8 per cent, adding voice ARPU growth of 5.2 per cent.

“We still fundamentally believe that with the low customer penetration levels across our footprint of 14 countries, combined with very low minutes of usage, there is still a very long runway for voice revenues to continue to grow.”

 

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Chief Of Defence Staff Says Military Under Pressure To Compromise 2023 Polls

The Nigerian military on Thursday revealed that despite the fact that it is facing constant pressure to compromise the 2023 elections, it will continue to be neutral.

General Lucky Irabor,  Chief of Defence Staff disclosed this to journalists at the 61st session of the State House Ministerial Briefing organised by the Presidential Communications Team at the Aso Rock Villa, Abuja.

According the him, military personnel face pressure through inducements, but the armed forces would remain apolitical as it is taking the necessary measures to ensure compliance with the directive of the President Muhammadu Buhari  to maintain neutrality.

Irabor added that personnel are being trained to be more professional even as the rules of engagement have been codified for distribution before, during and after the elections.

The CDS also revealed that several military rescue operations and negotiations have led to the freeing of at least 300,000 people from the hands of their abductors since 2014 while refugees who fled the North-East due to insurgency, have started to return.

He said that former insurgents, now being trained, would graduate in February next year before their reintegration into the society. He added that the military is recruiting more personnel into all branches of the security services.

The goal, Irabor said, is to increase the number of on-the-ground personnel to combat insurgency and banditry and curtail oil theft which will eventually lead to increased crude oil production.

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ICPC Arraigns NSCDC Official Over N12m job Scam

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arraigned a Superintendent of the Nigerian Security and Civil Defence Corps (NSCDC), Solomon Ogodo, over allegations bordering on forgery, employment racketeering, and fraud.

ICPC, in charge no: CR/503/2022 brought before Justice M.S. Idris of the Federal Capital Territory (FCT) High Court, sitting in Jabi, Abuja, accused the defendant of defrauding unsuspecting job seekers the N12.2 million.

In the five-count charge, the commission told the court that the accused person on different occasions hoodwinked members of the public into parting with different sums of money in the guise of securing employment for their relatives in the Nigeria Correctional Services (NCoS).

The court was further informed of how Mr. Ogodo, with the intent to commit fraud, forged offers of provisional appointments for some applicants into the Nigeria Correctional Services.

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Okonjo Iweala Makes Forbes List Of World’s Most Powerful Women

A former Nigerian minister of finance and current Director-General, World Trade Organization (WTO), Ngozi Okonjo-Iweala has been named one of Forbes’s World’s 100 Most Powerful Women in 2022.

Forbes, an American business magazine owned by Integrated Whale Media Investments and the Forbes family, has a particular focus on business, technology, communications, science, politics, and law.

The African leadership person of the year awards are vote-based and reserved yearly for leading Africans who are making positive impacts and promoting a favourable image of the continent.

Okonjo-Iweala polled over 60 percent of the 15,000 votes in the category at the close of the poll on 2nd of December 2022.

Forbes said, “The World Trade Organization head Ngozi Okonjo-Iweala (No. 91 of 100) continue to play a crucial role in providing financial assistance and promoting global trade as the threat of a global recession rises.”

Recall that Okonjo-Iweala was recognized by another media platform, Time magazine as one of the world’s most influential people in 2021.

This would be Okonjo-Iweala’s 6th recognition in her career.

Okonjo-iweala reacted on Twitter, saying that she was excited by the awards she had received in her career.

“An honour and a privilege to be part of this list of a very distinguished group of women for the 6th time in my career, Congratulations to my other sisters. Let’s continue to show that good governance, good public policy and a people-centered approach to work matters,” he said.

Winners for the 11th edition of the award shall be presented with the honour on 16th of February 2023, at a ceremony scheduled to be held in Port Louis, Mauritius.

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