Foreign Investment in Telecoms Hits 4-Year Low
Foreign capital imported into Nigeria’s telecommunications sector fell to a four-year low of $7.24m in the first quarter of 2026, despite the 50 per cent tariff increase approved for operators last year.
Data from the National Bureau of Statistics’...
Nigeria’s economy grew by 3.89% in real terms in Q1 2026, according to the National Bureau of Statistics (NBS), with expansion driven mainly by agriculture, telecommunications, financial services, construction, and trade.
Telecom Users Rejoice as FG Drops Levy 5%
The Federal Government has abolished the five per cent excise duty previously imposed on telecommunications services, including voice calls and data usage, in a move expected to ease cost pressures on millions of Nigerians.
The National Orientation Agency...
Foreign Investments in Telecoms Decline by 87% – NBS
Foreign investments in Nigeria’s telecommunications sector fell sharply to $14.4m in the third quarter of 2024, marking an 87 per cent decline from the $113.42m recorded in the second quarter, the National Bureau of Statistics (NBS)...
FG to Implement Telecoms Tax to Boost Revenue
The Federal Government is set to implement excise duty on telecommunication services to boost its revenue base.
It disclosed this in its newly released 2024-2026 Medium-Term Expenditure Framework and Fiscal Strategy Paper.
It would be recalled that President Bola...
