Business

Nigerians consume 1.236 million terabytes mobile data Nov’25– NCC

The NCC said that seasonal factors, including holiday promotions and increased online activity, likely boosted November’s marginal rise over October.

Published

10 months ago

December 29, 2025

OCHEFA

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The Nigerian Communications Commission (NCC) says that Nigerians consumed 1.236 million terabytes (1.24 petabytes) of mobile data in November 2025, a slight increase from October’s estimated 1.235 million TB.

NCC, in the November data reports, said ” Data usage climbed progressively from lower levels earlier in the year, around 983,000 TB in April amid post-tariff adjustments, to crossing the 1 million TB threshold by mid-year. June saw 1.044 million TB, July surged to 1.131 million TB (then hailed as a record), and August reached 1.152 million TB,” said the NCC.

According to the records, month-on-month gains averaged 1.8 percent in the second half, driven by recovering subscriptions, expanded 4G coverage, and insatiable appetite for video streaming, social media, and fintech services. This all-time high reflects Nigeria’s deepening digital integration.

MTN and Airtel, controlling over 85 percent of the market, benefited most, with users averaging higher per-subscriber consumption – MTN at around 13 GB monthly and Airtel nearing 10 GB.

The NCC said that seasonal factors, including holiday promotions and increased online activity, likely boosted November’s marginal rise over October.

Broader metrics reinforce the boom: Internet subscriptions hit 144.8 million in November, while broadband penetration reached 50.58 percent (109.7 million high-speed connections), up sharply from 45.61 percent in January. Active telephony lines rebounded to 177.4 million, adding 2.1 million month-on-month, pushing teledensity to 81.8 percent.

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Business

Naira Exchange Rates Thursday, 5 Nov 2026

Published

15 hours ago

November 5, 2026

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BLACK/ PARALLEL MARKET RATES

₦1400DOLLAR (USD)

₦1830POUND (GBP)

₦1515 EURO (EUR)

₦950 CANADIAN DOLLAR (CAD)

₦70 SOUTH AFRICAN RAND (ZAR)

₦350 UAE DIRHAM (AED

₦190 Chinese YUAN (CNY)

₦100 Ghanaian CEDI (GHS)

West African CFA ₦2240 (XOF)

Central African CFA ₦2180 (XAF)

₦820 Australian Dollar AUSSIE (AUD)

Business

NNPCL wants to sell 10% equity via IPO on NGX, LSE

NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.

Published

2 days ago

November 4, 2026

OCHEFA

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The Nigerian National Petroleum Company Limited (NNPC Ltd.) is considering selling between 5% and 10% of its equity through a potential initial public offering (IPO), with the proposed listing expected to focus primarily on Nigeria’s domestic capital market.

The Group Chief Executive Officer of NNPC Ltd., Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, November 3, 2026, adding that the company could also pursue a secondary listing in London or New York.

The disclosure comes shortly after the Dangote Petroleum Refinery’s IPO closed on October 27, following a two-week extension of its subscription period from the initial October 13 deadline.

Ojulari indicated that raising additional capital would be a secondary consideration rather than the main reason for going public.

The company is also considering listing some of its subsidiaries separately, following a model adopted by Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates’ state-owned oil company.

Beyond the potential IPO, Ojulari disclosed that Chinese companies have expressed interest in acquiring equity stakes in some of NNPC’s smaller refineries, particularly the Port Harcourt and Warri facilities, which require substantial rehabilitation.