in brief

7 June 2019

Telecoms

In a move that underscores its mission to deliver the right offer to the right customer at the right time, fonYou has announced a new office in Nigeria, where more than 30 million new mobile subscribers are expected to come online by 2025. With 190 million people, Nigeria has the largest population of any country in Africa. According to the GSMA, Nigeria has a mobile penetration rate of about 90 percent; however, 85 percent of the market lacks access to digital payments. This means that mobile service is disrupted for customers until they make a cash top-up for data and voice at a physical store location.

 

MTN Nigeria, the country’s largest mobile operator by subscribers, has announced it has paid the final instalment of NGN55 billion (USD151.6 million) to the Nigerian Communications Commission (NCC) in relation to its 2015 SIM registration fine. The final instalment completes payment of the negotiated settlement between the two parties, which was lowered from an original penalty of NGN1.04 trillion to NGN330 billion. MTN was handed the fine in October 2015 for failing to disconnect around 5.1 million incompletely registered SIM cards. In addition to paying the fine, the cellco pledged to list a portion of its shares on the Nigerian Stock Exchange (NSE), a process which was initiated last month.