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Multiple Taxes, Others Stagnate Telecom N21.45tn Investment

Multiple Taxes, Others Stagnate Telecom N21.45tn Investment Telecom stakeholders are expressing fears that the government’s policies will not only scare away potential investors, but can make the industry to crumble. Investment inflow into the Nigerian telecommunications industry is witnessing a lull without appreciable Foreign Direct Investment...

‘Consumers spending on telecom services to hit N3.5trn December’

Over 150million telecoms consumers in the country will spend close to N3.5trillion on telecoms services by the end of this year, all things being equal, the Nigerian Communications Commission has said. This will include spending on calls, data services and mobile devices, according to the...

Investments in Nigerian Telecoms Hit $68b

Telecom: Investments in the Nigerian telecommunications industry since the advent of Global System for Mobile Communication in 2001 has hit $68bn. Of this amount, $35bn came from Foreign Direct Investments. Former Secretary General of the International Telecommunications Union, Dr. Hamadoun Toure, disclosed this in a keynote...