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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