Airtime spending may hit N348.75bn In April

-

People involved in mobile telecommunications services in Nigeria are likely to spend an estimate of N348.75bn on airtime purchase in April, investigations have shown.

The huge voice and Internet traffic from Nigerians, who are working and learning online from home in April, had been predicted to be a huge revenue earner for Nigerian mobile network operators and Internet Service Providers.

Many Nigerian businesses now operate virtually and some online businesses started to thrive when a lockdown was announced by the President, Major General Muhammadu Buhari (retd), in the Federal Capital Territory, Lagos and Ogun states for four weeks, which started on March 31, 2020.
Some states also announced lockdown, exempting people offering essential services, amid efforts to curb the spread of the coronavirus.

The N348.75bn airtime earnings are based on an estimate of the number of subscribers in April, and a projected Average Revenue Per User for voice and data services provided by analysts in the telecommunication industry.

Sales of airtime remain the core revenue earner for telcos and generate income for operators via voice calls, SMS, data subscriptions and other value-added services.
The latest monthly subscriber data from the Nigerian Communications Commission showed that there were 185.742 million active GSM subscribers on MTN, Globacom, Airtel and 9mobile networks in January 2020.

A breakdown of the data indicated that MTN had 70.693 million subscribers, Visafone owned by MTN also had 138,144 subscribers, Globacom had 51.756 million users, Airtel had 49.998 million subscribers while 9mobile had 13.158 million users in January this year.

The President of the Association of Telecommunication Companies of Nigeria, Mr Olusola Teniola, who spoke to our correspondent, said the average revenue per user in the fourth quarter of 2019 was $3.85 per subscriber per month and was expected to remain flat in the first quarter of 2020.


With the telecommunications companies’ ARPU amounting to $3.85 (N1,502.89) per month, it meant Nigerians spent about $715.11m (N279.15bn) on airtime in January 2020.

Show us some love by sharing!

Comments

Post a Comment

Popular posts from this blog

Nothing Is Giving The Masses Hope In Buhari's Speech - AAC

-
Image
The African Action Congress has slammed President Muhammadu Buhari over his nationwide broadcast on Monday, saying there was nothing in his speech to give hope to the masses, who are already being weighed down by hunger as a result of the lockdown occasioned by the spread of Coronavirus. The party in a statement by its National Organising Secretary, Oshioks Philips, described the President’s speech as a rehearsal of obvious irresponsibility. Phillips said the speech was a register of promises of nothing tangible and a mirror of the confused state of the government. The statement reads, “President Buhari and the APC only delayed us to listen to a speech that says nothing new; correctly analyse pertinent challenges; nor resolves the bloody problems afflicting the people. “Buhari has nothing to say specifically about palliatives neither did he have anything to say or do about the fact that hunger virus and military bullets kills more than Coronavirus. “The speech is a register ...
Read more

Guru Maharaji Reveals How Nigeria Can Stop COVID-19 Spread

-
Image
Satguru Maharaji, the founder of the One Love Family Sect, has called on Nigerians to reconnect with their culture and tradition to curtail the spread of COVID-19. He made the call on Sunday while addressing newsmen at his Maharaj Village on the Ibadan-Lagos expressway. The sect leader said the best way to combat COVID-19 in Africa, particularly Nigeria, was through culture and tradition. “In the past, all the various forms of diseases were combated through cultural and traditional cures. The black race must wake up. “Naturally our culture and tradition are now backstage. All we need to do is to reconnect and recognise our traditional rulers. “Any society that disconnects from its culture and tradition to make money is bound to face several challenges,” he said. He disclosed that Nigerians are infected with foreign diseases because they had abandoned their tradition and subjected themselves to foreign control. Maharaji said the Ife-Modakeke crisis was resolved through ...
Read more

UEFA postpones Women's Euros to 2022

-
Image
NYON, Switzerland (AP) — The Women's European Championship in 2021 was postponed by one year on Thursday, moving out of a direct clash with the rescheduled Tokyo Olympics. UEFA'sexecutive committee agreed that the 16-nation tournament in England will now be played from July 6-31 in 2022. The switch was inevitable after the IOC decided last month on a one-year postponement for the 2020 Tokyo Olympics due to the coronavirus pandemic. Women's soccer games begin before the Tokyo opening ceremony on July 23 next year. An Olympic title is prized more in women's soccer than in the men's game, and three European teams — the Netherlands, Sweden and a British team potentially with mostly England players — are in the 16-nation lineup in Japan. “With the Olympics now being confirmed for summer 2021, we firmly believe that moving to 2022 is in the best interests of the (Euro) tournament,” UEFA head of women’s soccer Nadine Kessler said in a statement. The move also avoids ...
Read more