April 3, 2024/CSL Research In FY 2023, MTN Nigeria saw substantial growth driven primarily by double-digit increases in both voice (+10% y/y to N1.14 billion) and data revenue (+40% y/y to N1.07 billion), despite experiencing inflationary pressures on Operating Expenses (+26.80% y/y to N615.82 billion). For 2024, we anticipate MTN […]
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Nigeria’s Infrastructure Stock Falls Below International Best Practices
April 3, 2024/FBNQuest Research Nigeria’s infrastructure stock falls below the internationally recognised benchmark of 70% of GDP, as set by the World Bank. The infrastructure deficit undermines the country’s economic competitiveness, contributing to higher levels of unemployment and inflation. Notably, transportation infrastructure stands out as one of the sectors most adversely affected by the deficit. Given the deficit […]
Mobile subscriptions decline by 2.81% in January
April 3, 2024/CSL Research Based on the latest data from the Nigerian Communications Commission (NCC), Nigeria experienced a 2.81% decrease in active mobile subscriptions in January 2024, dropping to 218.40m from 224.71m in December 2023. This marks the first decline in mobile subscriber numbers following three consecutive periods of marginal […]
