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Airtel Nigeria Mulls Listing Shares by Introduction on NSE

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Airtel Nigeria Mulls Listing Shares by Introduction on NSE

By Modupe Gbadeyanka

One of the leading telecommunications companies operating in the country, Airtel Nigeria, is considering listing its stocks on the Nigerian Stock Exchange (NSE), reports say.

The company wants to list its shares on the local bourse by introduction, with the process expected to commence probably before the end of this year.

Leader in the telecoms industry, MTN Nigeria, is already in the process of joining the Nigerian stock market.

Yesterday in Abuja, top officials of Airtel Nigeria held a closed-door meeting with the management of the Nigerian Communications Commission (NCC), the Securities and Exchange Commission (SEC), Stanbic IBTC Holdings and the NSE ostensibly to discuss how to make the exercise a reality.

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Shortly before the crucial meeting yesterday, Executive Vice Chairman of the NCC, Prof Umar Danbatta, had informed newsmen that the regulatory agency was happy with the expansion programme of Airtel Nigeria.

“It is good to see Airtel providing services, especially 4G services. It is good to hear the level of expansion because we are seeing remarkable improvement in broadband penetration.

“The figures are increasingly going up. We are at about 33 per cent now. This we can attribute to very ambitious expansion of network operators like Airtel in places like Lagos, Kano, Rivers, Ibadan and Abuja. This lends credence to figures we are seeing from broadband penetration.

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“We are seeing increase in broadband subscription, especially to services provided by Airtel. It is good for Nigerians to hear that Airtel is helping us to hit the broadband penetration target. All parameters are steadily growing courtesy of expansion programme of 4G operators in the country, especially Airtel,” Punch quoted him as saying.

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It is important to note that a bill is presently at the National Assembly seeking to compel operators in the Nigeria telecommunications market to list their shares on the NSE.

The presence of Stanbic IBTC Holdings officials at Wednesday’s meeting gives the impression that Airtel Nigeria might soon become a new member of the NSE.

Stanbic IBTC is registered Issuing House and an underwriter with SEC, providing investment banking services to corporate clients.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Internet Subscribers in Nigeria Grow 13.8% to 154.4 million

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internet subscribers in Nigeria

By Ashemiriogwa Emmanuel

The number of internet subscribers in Nigeria rose by 13.8 per cent from 135.7 million in March 2020 to 154.4 million in November 2020, according to a report by the National Communication Commission (NCC).

Business Post analysis showed that this occurred as data usage in Nigeria witnessed a 33 per cent increase between March and November last year as it grew from 147,537.52 terabytes to 196,163.42 terabytes.

The piece titled 2020 Subscriber/Network Data Report showed that last year witnessed a significant increase in data usage which reflected on the nation’s telecom industry performance in the period.

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NCC noted that the COVID-19 pandemic altered the way and manner business activities were carried out as it reflected the industry performance for the year which challenged the global telecommunication industry in general.

This heavily contributed to the country’s Gross Domestic Product (GDP) which rose to 12.5 per cent from 10.6 per cent in the same period in 2019.

In terms of the total active voice subscriptions, the NCC report showed there was a 10.6 per cent increase from 184.7 million in December 2019 to 204.2 million as of December 2020.

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Teledensity – the number of telephone connections for every hundred individuals living within an area – also increased in the period from 96.8 per cent to 107.1 per cent.

In the mobile voice market segment, subscriptions grew by 10.7 per cent to 204.2 million as against 184.4 million recorded in December 2019. It was revealed that MTN recorded the highest increase in terms of this, as it made a 17.5 per cent year-on-year, in contrast to EMTS, owners of 9mobile, which recorded a drop of 4.8 per cent year-on-year.

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The telecom industry also recorded a 60 per cent climb in the Voice over Internet Protocol (VoIP) market segment, increasing from 166,068 subscriptions in 2019 to 265,604 subscriptions the following year.

However, there was a 0.1 per cent decrease in the Fixed Wired/Wireless segment as the section recorded a total of 107,031 subscriptions in December 2020, compared to the 107,154 in the preceding year.

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African Proptech Spleet Selected for MetaProp Accelerator

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Spleet

By Adedapo Adesanya

One of Africa’s property technology (proptech) startups, Spleet Africa, has been selected for MetaProp’s 2021 Accelerator Programme, making it the first from the continent to join the Accelerator programme.

The MetaProp Accelerator is the world’s foremost proptech accelerator, founded by MetaProp; a New York-based venture capital firm focused on the real estate technology industry.

As part of the accelerator’s 22-week coaching and advisory period, Spleet will also receive up to $250,000 in funding from the VC.

Speaking on the development, the Chief Executive Officer (CEO) of Spleet, Mr Adetola Adesanmi, said joining the accelerator is a catalyst towards achieving the company’s goals and further driving its value proposition as well as opening up new opportunities for the growing proptech startup ecosystem in West Africa.

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“Over the last 3 years, we’ve worked very hard at Spleet to hack a highly valuable but hard to crack segment of Africa’s real estate market.

“Our goal is to power hassle-free rentals, for our landlords and tenants, and bridge the trust issues that currently exist between both parties.

“We are expanding to Ghana and Kenya, and are looking to other African markets. All these haven’t been easy, and has meant tapping into every available resource,” he said.

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The company’s ambitious plan is to tap into the unexplored proptech market in Africa, which accounts for only one per cent of the global market share.

And with more than $23.8 billion in global property tech investment, Mr Adesanmi said he and the team are excited to be starting the MetaProp accelerator programme in September and will maximize the opportunity.

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On his part, the co-founder and general partner at the VC, Mr Zachary Aarons, believes proptech will most likely be the next wave after fintech.

“The Nigerian fintech ecosystem has been absolutely on fire recently. Guess what usually follows fintech? It’s proptech. I have spoken to two high-quality Lagos based proptech companies in the past week alone,” Mr Aarons said.

Founded in 2015, MetaProp’s investment team has invested in over 130 technology companies across the real estate value chain.

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Tizeti to Hold Summit on Digital Technology Future

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Tizeti

By Adedapo Adesanya

Tizeti, West Africa’s pioneer solar-based internet service provider, will convene Nigeria’s prominent corporate leaders, C-level executives, IT managers, technology startups, and digital thought leaders at the maiden edition of its futuristic Tizeti NeXTGEN conference themed The Future of Digital is Here.

This would be held in line with the company’s commitment to widening digital inclusion for Africa with affordable broadband connectivity to the continent’s underserved populations.

Speaking ahead of the conference, Tizeti’s founder and Chief Executive Officer, Mr Kendall Ananyi, said that Tizeti NeXTGEN is a flagship conference focused on discussing the digital environment in Africa and highlight how digital transformation will empower more Nigerians.

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He also noted that the conference will open participants on how to stimulate economic activities, provide a foundation for a robust and thriving ecosystem to enable digital leadership for Africa in the 4.0 world and complement the digital efforts of other industry stakeholders in driving investment promotion and building a robust technology ecosystem in Nigeria, and Africa.

Mr Ananyi noted that the maiden edition will feature product launches on Tizeti’s plans around Next Generation Unlimited Wi-Fi, Smart Interactive Voice response systems and expanding access to unlimited internet in Africa.

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The event has been scheduled to hold on Wednesday, August 11, 2021, at 12 noon.

It will convene hundreds of attendees in a hybrid event and will bring together its various partners within the African telecommunications, technology, and business communities to share its ambitions for the future of digital in Africa.

The event provides an opportunity to network, discover new opportunities and discuss breakthrough trends in the global Telecoms space and tech ecosystem with unique perspectives from C-Level Executives and its partners.

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Interested participants can register for the event here https://bit.ly/TizetiNeXTGEN01

Tizeti is a fast-growing wireless internet service provider in Lagos, Nigeria, delivering high-speed unlimited Wi-Fi Internet access to residential and business customers using wide-area Wi-Fi.

Its services are available in Lagos, Ogun, and Rivers State. It is also expanding rapidly to other African countries as it has been successfully launched in Accra and Tema, Ghana.

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