Nigeria’s telecom sector continues its steady growth as active subscribers reach 173.54 million in September 2025. Broadband penetration hits 49.34%, driven by expanding 4G and 5G networks and new fibre projects under the National Broadband Plan.
Telkom looking to sell its tower business amidst 46.7% surge in half-year profit
Telkom, South Africa’s third-largest telecom company, is currently in exclusive negotiations with a consortium of equity investors, including a Black Economic Empowernet Partner, for the potential sale of its masts and towers business, Swiftnet.
Meet the most powerful CEO’s in Nigeria telecoms sector
In the first quater of 2023, Nigeria’s communication sector,made a significant contribution to the nation’s Gross Domestic Product (GDP), accounting for 14.13%, equivalent to N2.50 trillion, according to the National Bureau of Statistics (NBS). This marked a 4.3% increase from the previous quarter and a 9.19% growth year-on-year. A substantial highlight was the $820.8 million generated […]