The fast depletion of the indigenous telecommunications firms is unsettling Nigeria’s telecommunications market with fear that falling foreign capital inflow into the sector, high cost of energy and foreign exchange (FX) market crisis...

Harsh economic conditions, insecurity and foreign exchange (FX) crisis might have contributed significantly to the drop in foreign direct investment (FDIs) into the telecoms sector in 2022, with capital inflow falling by almost 50 per cent.

The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, said total stock of investments in the nation’s telecommunications sector, comprising foreign direct investment (FDI) and local capital, has reached $75.6 billion.

Telephone density in Nigeria slumped further in the month of May as telecoms operators continued to experience downward trajectory, especially in voice services.

Information Technology has penetrated every sector of our lives in recent times and so are the activities of the fraudsters. Fraudulent activities have occurred in many areas of our daily lives such as telecommunication networks, mobile communications, online banking, and e-Commerce to name just a few.

The telecommunications and Information Services sector in Nigeria, in the first quarter of 2023, contributed N2.508 trillion, in terms of financial value contribution to the nation’s Gross Domestic Product (GDP), representing 14.13 per cent.

The Ministry of Communications and Digital Economy said the digital economy has been excluded from the planned five per cent excise duty approved by the Federal Government.

A new report from Juniper Research, experts in emerging communications technologies, has found that operators may lose $1.3 billion to undetected flash calls cumulatively between 2023 and 2027.