Business

Airtel Africa’s profit dips amid forex losses, rising costs

DailyTimesNGR DailyTimesNGR 2 February 2025 0

BY TEMITOPE ADEBAYO Airtel Africa Plc has reported a Profit After Tax of $248 million for the nine-month period ending 31 December 2024, but the figure was significantly impacted by foreign exchange losses and rising operational costs. Despite benefiting from a one-off $94 million gain due to

Business

Airtel Africa signs $194m debt funding deal

Ihesiulo Grace 7 December 2022 0

By Motolani Oseni In a move to diversify its local funding profile, Airtel Africa said it has signed a new $194 million facility with International Finance Corporation (IFC) a sister organisation of the World Bank and a member of the World Bank Group. The telecom company said the new financing facility is in line with […]

News Tech

Theft of telecommunication companies’ equipment, insecurity responsible for drop calls, says Airtel

Ihesiulo Grace 27 February 2020 0

Airtel, a Network Service Provider, on Thursday said that theft of telecommunications companies’ equipment and insecurity had been responsible for drop in calls usually experienced by some of their customers across the country. Dr Adedoyin Adeola, Vice-President, Network Operation of Airtel,  said this during a news conference on Banana Island in Ikoyi, Lagos State.

News

Airtel pledges to provide electricity to Omishakin community

Ihesiulo Grace 13 February 2020 0

The third episode of the award winning television programme ‘Airtel Touching Lives’ is scheduled to air on the 16th of February on national and cable TV. The episode focuses on Omishakin, a community in Lagos State that has been without electricity for over 13 years. Due to lack of electricity, the community, in recent times, had […]

Tech

Airtel launches TV app, video-on-demand

Ihesiulo Grace 7 January 2020 0

Lagos – Airtel Nigeria says it has launched its television app in a bold step to redefine television viewing experience for customers. Airtel Nigeria Chief Commercial Officer, Dinesh Balsingh, said in a statement on Tuesday that the Airtel TV app would be a one-stop platform for everything entertainment – live TV, music videos, news, sports […]

Business Computers Economy News Tech Telecoms

How MTN lost 667,245 internet subscribers in one month

Ihesiulo Grace 9 October 2019 0

Nigeria’s telecommunication company, MTN, lost a record of 667,245 internet subscribers in just one month, the latest data released by the Nigerian Communications Commission (NCC) has revealed. According to the data obtained from the regulator, MTN’s total internet subscribers stood at 52.2 million in July 2019 while the number dropped to 51.6 million in August. […]

Brands and Marketing Business News Tech Telecoms

Telecom brands’ revenue grows by 15% to reach N2.25tn

Ihesiulo Grace 6 September 2019 0

Godwin Anyebe Nigerian telecom operators grew their revenue by 15 per cent in one year to reach N2.25 trillion in December 2018 from N1.96 trillion in 2017, a report by the Nigerian Communications Commission (NCC) has shown. The 2018 network/subscriber data recently obtained from the NCC indicated that the GSM operators made up of MTN, […]

Business

Glo increases customers amid decline in total GSM subscribers

Ihesiulo Grace 23 April 2019

Motolani Oseni Despite a decline in the total Global System for Mobile Communications (GSM) network services in Nigeria, Globacom (Glo) has increased its customer’s base by 400,879, claiming the highest number of subscribers for the month of February, latest data by the Nigerian Communications Commission (NCC) has revealed. The commission, in its monthly

Business

Airtel to set up payment service bank

Ihesiulo Grace 8 March 2019 0

The telecommunications service provider, Airtel, has confirmed plans to set up a Payment Service Bank in order to promote financial inclusion in the country. The telco, in a statement issued recently in Lagos, said that it would apply for the PSB licence through a subsidiary as directed in the Central Bank of Nigeria’s guidelines, adding […]

Headlines News

Int’l calls fraud: Expert raises the alarm over danger to economy

Ihesiulo Grace 17 May 2018 0

...Says operators engage in huge capital flight, tax evasion …Narrates how operators keep huge revenue offshore …Slams NCC for poor regulatory framework in tacking the menace Following a report by The Daily Times on International calls fraud, and how the operators across borders connived with the fraudsters to defraud innocent victims in Nigeria, a telecom […]

Entertainment

BON Awards holds this weekend

Ihesiulo Grace 14 December 2017 0

…as Airtel throws weight behind Nollywood’s most prestigious awards All road leads to Abeokuta, the Ogun State capital as Nollywood’s finest and most celebrated storm the famed ‘Rock City’ this Saturday, December 16th, for the Best of Nollywood Awards. It is the ninth edition of the indigenous awards ceremony which, since inception, has been putting […]

Brands and Marketing Business

Noah¹s Ark wins gold for Airtel campaign

Ihesiulo Grace 6 December 2017 0

Nigeria’s leading creative Advertising Agency, Noah’s Ark Communications Limited, has once again put the country on the global advertising map as a creative hub to be reckoned with by winning gold at the Epica Awards held in Berlin, Germany recently. The Gold was won for its television commercial tagged ‘Lost’ for one of Nigeria’s leading […]

Brands and Marketing

Power Oil bags double ADVAN awards

Ihesiulo Grace 15 November 2017 0

It was a double recognition for Power Oil, the Nigerian vegetable cooking brand when it bagged two brilliant awards in different categories at the prestigious Advertisers Association of Nigeria (ADVAN) Awards for Marketing Excellence, 2017 West Africa recently in Lagos. The brand emerged first position in the category of Corporate Social Responsibility, contending against

Tech

Airtel: Tonye Cole charges employees to be more entrepreneurial

Ihesiulo Grace 12 October 2017 0

Executive Director, Sahara Energy, Tonye Cole has charged employees to be entrepreneurial adding that those who are trained to be entrepreneurial are more committed to their jobs. Cole, who was guest speaker at the 8th edition of Airtel Nigeria’s Employee Knowledge Series made this remark while speaking on the theme, ‘Entrepreneurship and the Workplace’. The […]

Tech

Airtel honours teacher in adopted primary school

Ihesiulo Grace 9 October 2017 0

Leading telecoms operator, Airtel Nigeria, has been commended by teachers in its adopted public primary schools located in Lagos, Ogun, Kaduna, Kwara, Cross River and Imo States. The teachers who were overwhelmed with joy hailed the telco for its focus on education and for organizing a specialized training as well as award platform to honour […]

Tech

Interswitch honours Airtel for payment innovation in telecoms

Ihesiulo Grace 22 September 2017 0

Airtel Nigeria, leading telecommunications service provider, has been honoured with the Payment Innovation in Telecom Award by Africa’s leading transaction switching and processing services company, Interswitch. The Award, which held recently at the Landmark Event Centre in Lagos, recognized leading financial institutions, mobile financial players, processors and

Business News

Airtel Nigeria’s CEO, Ogunsanya, to lead discourse on African Business at NBA Conference

Ihesiulo Grace 17 August 2017 0

The Chief Executive Officer and Managing Director of Airtel Nigeria, Mr. Segun Ogunsanya, has been listed among important thought leaders in the corporate and government circles that will speak at this year’s edition of the Nigerian Bar Association (NBA) Conference. Ogunsanya, who was recently named African CEO of the Year by a pan African platform […]

Entertainment

Airtel The Voice Nigeria battle rounds continue to next phase

Ihesiulo Grace 8 August 2017 0

The ‘Battle Rounds’ on Airtel The Voice Nigeria Season 2 continues on Sunday with much expectation from talents who will be facing one another to make the next phase of the competition. The first episode of the battle rounds created lot of drama and new twist to the show. We saw coach Patoranking demonstrate his […]

Tech

Porting activities increase by 2,321 in February- NCC

Ihesiulo Grace 30 March 2017 0

The Nigerian Communications Commission (NCC) has declared that porting activities within telecommunications service providers increased by 2,321 in February. NCC’s online report of “Incoming and Outgoing Porting Activities of Mobile Network Operators” for February disclosed this in Lagos. It said that by this increase, subscribers porting within the network had reached

Business Headlines News

MTN loses 714,000 internet subscribers

Ihesiulo Grace 25 March 2017 0

Nigeria’s telecommunications networks lost 1,275,573 internet users in February, with MTN losing 714,700 subscribers, the highest. The NCC made the disclosure in its internet subscribers’ data for February. The publication indicated that internet users on both Global System for Mobile communications (GSM) and Code Division Multiple Access (CDMA) networks dropped from