Telecoms Investment Hits $75bn as Data Consumption Surges

Telecoms Investment Hits $75bn as Data Consumption Surges

Cumulative investment in Nigeria’s telecommunications industry has surpassed 75 billion dollars, marking an extraordinary journey from state monopoly to essential economic utility. Bismarck Rewane, managing director of Financial Derivatives Company and chairman of FCMB, highlighted the milestone during an industry review on Wednesday, 16 September 2026. The capital deployed across the sector stood at barely…

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Telecoms Investment Hits $75bn as Data Consumption Surges

Fibre Deficit Exposes Nigeria’s Fragile Broadband Boom

Nigeria’s impressive mobile internet expansion is masking a severe deficit in fixed, high-capacity home connectivity. Fresh data reveals that only 265,000 households across the country possess active Fibre-to-the-Home subscriptions. This microscopic figure stands in stark contrast to the nation’s sprawling 154.72 million active mobile internet subscriptions. Executive Vice Chairman of the Nigerian Communications Commission, Aminu…

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High Costs Stall Nigeria’s 5G Migration - Report

High Costs Stall Nigeria’s 5G Migration – Report

Nigeria accounts for a dismal one percent of the 3.1 billion global 5G mobile subscriptions. The latest Ericsson Mobility Report reveals this massive gap between local adoption and international technological momentum. While international networks rapidly transition toward mainstream commercialisation and standalone infrastructure, Africa’s most populous nation remains firmly anchored to legacy networks. Data from the…

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