Market Share: Airtel Loses Second Spot to Glo

Image

By Modupe Gbadeyanka

Airtel Nigeria has lost its precious position as the second biggest Global System for Mobile (GSM) Communications company in Nigeria to Globacom.

Data from the industry regulator, Nigerian Communications Commission (NCC) revealed that as at the month of November 2018, Globacom, also known as Glo, had 154,034 more subscribers than Airtel.

With this, Glo now has 26 percent market share, while Airtel now boasts of 25 percent market share, with MTN Nigeria controlling 40 percent market share and 9mobile left with a meagre nine percent of the pie bite.

There has been a struggle between the two major network operators in the country, to clinch and sustain the position of the second biggest telco in Nigeria.

In the past 11 months, analysis of the data obtained from the NCC indicated that Airtel was the second largest telecoms service provider for five months intermittently.

The five months are January, February, August, September and October in 2018, according to the NCC data.

Globacom also held the position as the second largest network provider by market share for six consecutive months this year.

According to the NCC subscriber data, the months are March, April, May, June, July and November.

In the past 11 months, NCC data showed that Glo gained over 5 million new customers while Airtel Nigeria added over 4 million new subscribers to its network. As of November 2018, Globacom, an indigenous telecommunications company, had 43.3 million subscribers while Airtel, headquartered in New Delhi, India, had 43.1 million subscribers.

Share
Related Stories
Image
10-October-2023

Koree Goes With $50000 Ecobank Fintech Challenge Prize

By Precious Olisa A Cameroon-based company, Koree, has emerged as the winner of the 2023 edition of the Ecobank Fintech Challenge, going home with a prize of $50,000. The firm was announced as the winner of the contest by the panel of judges during the competition’s grand finale at the bank’s headquarters at the Pan African Centre in Lomé, Togo. The organisations made it to the final from an initial pool of over 1,400 fintechs from 64 countries, underscoring the significant growth in popularity of the competition since its inception six years ago, as well as the wealth of innovation

Image
01-October-2023

Boosting Website Performance: Tips for Speed and Efficiency

By Rahul Baitha In today’s digital age, where instant gratification is the norm, website performance plays a critical role in delivering a positive user experience. Visitors expect websites to load quickly and respond seamlessly to their interactions. If your website lags or stumbles, you risk losing valuable traffic and potential customers. As a web designer or business owner, optimizing your website’s performance should be a top priority. In this comprehensive guide, we’ll explore essential tips and techniques to boost your website’s speed and efficiency. Understanding Website Performance Before diving into optimization strategies, it’s essential to grasp the fundamentals of website

Image
13-October-2023

FG Opens Application for First Phase of Tech Talent Training Programme

By Adedapo Adesanya The Ministry of Communications, Innovation, and Digital Economy on Friday opened the application process for the first phase of the three million tech talents training programme (3TTT). The programme is in line with President Bola Tinubu’s vision of creating 2 million digital jobs by 2025, which is aimed at building Nigeria’s technical talent backbone to power the country’s digital economy and position Nigeria as a net talent exporter. Business Post had reported earlier this week that Mr Bosun Tijani, the country’s Minister of Communications, Innovation, and Digital Economy, has said the target will be reached through three

More Stories
Image
17-April-2019

Reps to Probe Issuance of Licences to Fish Importers

By Modupe Gbadeyanka The House of Representatives on Tuesday passed a motion to critically look into the issuance of licences for fish importation in Nigeria. At the plenary yesterday, a lawmaker from kebbi State, Mr Gaza Jonathan Gbefwi, called the attention of his colleagues to this issue in a motion. He warned that the present system has the ability to adversely affect the fishing industry in Nigeria in not quickly checked. The legislator also argued that the present situation could put the health of consumers at risk as not all the imported fish can be certified as healthy. Mr Gbefwi

Image
05-October-2016

Sterling Bank Unveils ‘Quick Cash’ For Women Entrepreneurs

By Modupe Gbadeyanka Concerned about the numerous challenges being faced by market women desiring access to credit in Nigeria, Sterling Bank Plc, through its ‘One Woman’ proposition, has launched a new initiative called the ‘Market Women Quick Cash’ to resolve the issue. The bank has expressed confidence in the new initiative in making those problems in accessing credit facility become a thing of the past. The new idea, Business Post learnt, is in partnership with Afrigrant, a non-governmental organization (NGO) and it is expected to promote women empowerment and capacity building. Our correspondent gathered that the scheme was designed to

Image
07-September-2017

Airtel TVN 2: Anxiety as 12 Contestants Plea for Mercy

By Modupe Gbadeyanka Twelve contestants in the ongoing The Voice Nigeria (TVN) season two sponsored by Airtel Nigeria are seeking fans’ votes in order to continue their journey in the programme. This Sunday, the 12 contestants will know their fate when the four talents saved via polls will be announced. Each team has three team mates vying for one ticket to the next rounds; the other two remaining team mates will be evicted once the results are announced. During the episode 12 of the show, the four coaches saved Yimika, Wilson, Glowire and Jahtell respectively; leaving 12 other talents up

Image
29-December-2017

MTN Allots $231m Long Dated Loan to IHS Holding

By Dipo Olowookere Leading mobile communications infrastructure company, IHS Holding Ltd, has secured a credit facility of $231 million from South African GSM service provider, MTN Group. The facility was given to HIS Holding in form of a shareholder loan. MTN Group is Africa’s biggest mobile phone operator and it explained on Thursday that the loan will lead to a loss of $228 million on transfer, which will impact headline earnings per share (HEPS) for 2017, the main profit measure in South Africa that strips out certain one-off items, but not earnings before interest, tax, depreciation and amortisation (EBITDA). IHS

Image
09-September-2017

Obaseki Seals $50m Investment Deal With Singaporean Firm

By Modupe Gbadeyanka A deal to attract $50 million worth of investment into Edo State has been signed by Governor Godwin Obaseki and a Singaporean firm, Tolaram Group. Special Adviser to the Governor on Media and Communication Strategy, Mr Crusoe Osagie, said in a statement in Benin, the state capital, that the deal will create about 50,000 jobs in the state. According to the Governor’s aide, the deal covers investments in agriculture, specifically, oil palm and cassava to feed the processing plants of the group’s company. He said Mr Obaseki sealed the deal in Singapore, where he is having business

Image
14-May-2018

European Stocks Move Modestly Lower on Monday

By Investors Hub European stocks have moved modestly lower on Monday as a weaker dollar offset investor optimism over easing trade tensions between the U.S. and China as well as signs of political stability in Italy. While the German DAX Index has fallen by 0.4 percent, the French CAC 40 Index and the U.K.?s FTSE 100 Index are both down by 0.2 percent. The euro has edged higher for a third consecutive session after European Central Bank policy maker Francois Villeroy de Galhau said the end of net asset purchases by ECB is approaching and that whether it will be

Image
31-July-2021

Oil Records Fourth Monthly Gain over Swelling Demand

By Adedapo Adesanya Oil prices edged higher on Friday, with the global crude benchmark, Brent, posting a fourth monthly gain as demand is seen growing faster than supply. Yesterday, the oil futures went up by 28 cents or 0.37 per cent at $76.33 per barrel, while the West Texas Intermediate (WTI) crude oil futures closed 19 cents higher or 0.26 per cent at $73.95 per barrel. Prices ended higher for the week on the back of the favourable supply and demand dynamics as concerns over the Delta variant’s impact on global fuel demand ease, supporting oil bulls moving forward. Analysts

Image
25-May-2017

Dangote Cement Pays N144.8b Dividend to Shareholders

By Dipo Olowookere At the Annual General Meeting (AGM) of Dangote Cement Plc, the pay-out of N144.8 billion dividend to its shareholders was approved, which represented N8.50k per share in contrast to N8 per share paid to them in the corresponding period of 2015. This excited the shareholders, who could not hide their joy and were full of praise for the board, management and staff of Dangote Cement Plc for giving them good returns for the investments. “We are very happy and pleased with this result. The year 2016 was very tough with the recession and fluctuation in the foreign

Ad
Ad
Recent Stories
Image
28-November-2023

Cytek Advocates Cybersecurity Resilience in Nigeria’s Financial Services Sector

By Adedapo Adesanya Leading global provider of technological solutions YNV Group, through its cybersecurity brand, Cytek, has advocated that stakeholders in the financial services sector prioritise cybersecurity and highlighted key strategies for resilience at a recently hosted webinar for the industry. The session which was held on November 22, was themed Ensuring Cybersecurity Resilience in Financial Services Companies in Nigeria, and served as a pivotal platform for fostering collaboration and knowledge exchange in the sector. Led by cybersecurity experts in the industry, the webinar analysed some of the pressing challenges and emerging threats faced by financial services companies in Nigeria while

Image
28-November-2023

BetWGB Empowers Youths With Omo Adugbo Initiative

By Aduragbemi Omiyale An innovative initiative called Omo Adugbo, designed to tackle the high rate of unemployment among youths across Nigeria, has been introduced by a foremost bookmaker, BetWGB. This schemed, which is part of the company to bridge the youth unemployment gap in the country, involves the provision of an outlet in each local government across the country to serve as the organisation’s contact office within the local area. By establishing these outlets across the country, BetWGB Nigeria aims to impact positively on the local economy and bridge the unemployment gap that has affected many young Nigerians. With a

Image
28-November-2023

Zenith Bank Seeks Operating Licence for Subsidiary in France

By Aduragbemi Omiyale Zenith Bank Plc has taken a huge step to establish a subsidiary in France, and to make this a reality, it has sealed a Memorandum of Understanding (MoU) with the French government. The Chairman of the company, Mr Jim Ovia, confirmed that the lender may commence operations in the European nation next year, though it is working hard to secure a banking licence. This will add to other countries Zenith Bank has presence in, including Ghana, Sierra Leone, The Gambia, and a Representative Office in China. Speaking at a signing ceremony on Friday, November 24, 2023, Mr

Image
28-November-2023

Stanbic IBTC Capital Shines at AIHN Awards

By Modupe Gbadeyanka Like a golden fish, which has no hiding place, Stanbic IBTC Capital, the investment banking subsidiary of Stanbic IBTC Holdings, was the cynosure of all eyes at the recently concluded Association of Issuing Houses of Nigeria (AIHN) Investment Banking Dinner and Awards ceremony. At the event held in Lagos, the company went home with five awards, named as the Best Investment Bank in Nigeria, the Equity Deal of 2022, the Best Equity House of 2022, the Best Corporate Bond House 2022 and the M&A Deal of the Year 2022. The recognitions spread across Stanbic IBTC Capital’s Advisory,

Image
28-November-2023

Slave Wages for Contract Private Security Guards in Nigeria

By Emmanuel Udom Today, most contract security guards are earning slave wages, putting their lives in danger while ensuring the safety of other people, corporate bodies, government agencies, etc, 24/7. It is noted that all over the world, security business is deadly, risky, slippery, dangerous and sophisticated. Like in other business concerns, owners of registered and yet-to-be-registered private security companies are in for raw deals. They are driven by profits, the laws of supply and demand and the desperate hustle for big, juicy contracts, our investigations have shown. Private contract security companies hire all sorts of people, give them one

Image
28-November-2023

Tinubu Writes Reps for $8.6bn, €100m Foreign Loans

By Adedapo Adesanya  President Bola Tinubu has written to the House of Representatives seeking the approval for an $8.6 billion and €100 million external borrowing plan for critical infrastructure in areas such as power, roads, water, railway, and health. The President also forwarded the Federal Capital Territory (FCT) Supplementary Budget to the lower chamber for consideration. Meanwhile, the President will present the 2024 budget to the National Assembly on Wednesday. This was after the Federal Executive Council (FEC) approved a 2024 budget of N27.5 trillion. The approval followed the review of the Medium-Term Expenditure Framework (MTEF) earlier passed by the

Image
28-November-2023

Nigeria to Develop Integrated Electricity Policy, Implementation Plan

By Adedapo Adesanya Nigeria will develop a new integrated national electricity policy and strategic implementation plan, as mandated by the Electricity Act 2023, according to the Minister of Power, Mr Adebayo Adelabu. President Bola Tinubu had on June 9 assented to the Electricity Bill, now an Act empowering states, companies and individuals to generate, transmit and distribute electricity. This, in turn, repealed the Electric Power Sector Reform Act (EPSR A), 2005 and create a comprehensive legal and institutional framework to guide the Nigerian Electricity Supply Industry (NESI). Mr Adelabu, while speaking on Monday at the Nigeria Electricity Management Services Agency

Image
28-November-2023

Zenith Bank Lights Up Ajose Adeogun Street With Beautiful Decorations

By Aduragbemi Omiyale The popular Ajose Adeogun Street and Roundabout on Victoria Island, Lagos, is wearing a new look, thanks to Zenith Bank Plc, which designed the areas with beautiful Christmas decorations. The yearly ritual of the financial institution is a part of its Corporate Social Responsibility initiatives aimed at setting the tone for the Christmas and Yuletide seasons. Performing the Light-Up ceremony, the 17th of its kind recently, the chief executive of Zenith Bank, Mr Ebenezer Onyeagwu, expressed his delight in heralding the 2023 Yuletide season by lighting up the iconic Ajose Adeogun Street and Roundabout. He urged everyone

Image
28-November-2023

FG Rehabilitate TinCan, Onne Port, Others With $1.1bn

By Adedapo Adesanya  The federal government, through the Nigerian Ports Authority (NPA), has announced plans to invest $1.1 billion to fully rehabilitate decaying port infrastructure at TinCan, Apapa, Rivers, Delta, Calabar, and Onne ports as part of efforts to improve the efficiency of the nation’s existing ports. Out of the estimated 47,000 kilometres of coastline in Africa, Nigeria makes up about 853 kilometres, creating the perfect opportunity to get access to its much-needed revenue. This coastline and a 200 nautical mile exclusive economic zone make up Nigeria’s coastline in the Gulf of Guinea. The coastline equals a maritime area of

Image
28-November-2023

EFCC Educates Public About Ways to Prevent ATM Card Swap Fraud

By Adedapo Adesanya The Economic and Financial Crimes Commission (EFCC) has alerted Nigerians of unauthorised bank withdrawals linked to Automated Teller Machine (ATM) card swap fraud. The commission issued the alert on Monday in a statement by the Head of Media and Publicity, Mr Dele Oyewale. According to the EFCC, fraudsters engaged in this activity typically keep a debit card from the same bank and, under the guise of assisting a confused bank customer at an ATM point, swiftly swap the card while memorising the PIN used with fake cards. “These cards get stuck in the machine due to a