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Telecom Subscribers Rose by 435,343 in Nov

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  • Active Telecom Subscribers Rose by 435,343 in Nov

The Nigerian Communications Commission, NCC, has said that active users of telecommunications services in the country increased to 153,949,450 in November 2016.

The telecommunications industry regulator gave the figure in its Monthly Subscriber/Operator Data obtained, yesterday, in Lagos.

It said the active telecommunications service customers increased by 435,343 in November over their October number of 153,514,107.

According to the data, 153,547,164 of the 153,949,450 active numbers subscribed to the Global System for Mobile Communications, GSM, network services. The GSM operators’ active customers increased by 460,454 on the October number of 153,086,710 subscribers.

The report stated that of the GSM operators, MTN had 61,280,293 users in November, an increase of 297,806 on the October figure of 60,982,487 subscribers.

Globacom’s figure increased in November by 150,491, giving a total of 37,268,483 customers, as against 37,117,992 recorded in October.

Airtel had 33,376,556 subscribers in the month under review, which was an increase of 600,640 on the October figure of 32,775,916.

Etisalat, however, recorded a reduction in customers by 588,483, giving a customer base of 21,621,832 compared to 22,210,315 users recorded in October.

The Code Division Multiple Access, CDMA, operators had 217,566 active users in November, showing a decrease of 26,865 from 244,477 customers they had in October.

Between the two surviving CDMA service providers, Visafone’s customers reduced to 213,106 in November, as it lost 26,911 users from the October record of 240,017, while Multi-Links maintained 4,460 customers in November.

The monthly subscriber/operator data showed that the Fixed Wireless network’s (landline) consumers decreased to 26,865 in November, as they lost 77 customers from their record of 26,942 in October.

Also, between the two Fixed Wireless operators, Visafone had 26,437 subscribers in November, losing 77 users from the October record of 26,514; while Multi-Links maintained its October record of 428 customers.

The record also indicated that the Fixed Wired operators (landline) subscriber base reduced by 99, giving a total of 124,713 users in November, as against 124,812 recorded in October.

In the Fixed Wired area, MTN Fixed moved from 5,842 in October to 5,697 in November, thereby reducing by 145 users; Glo Fixed had 12,586 users in November, adding 72 customers to the October record of 12,514.

IpNX network moved from 2,539 subscriber base in October to 2,480 in November, reducing its customers by 59 in November.

It said that 21st Century network had 103,950 customers in November, recording an increase of 33 users on its October record of 103,917.

The report also showed that Smile Communications, the only operator on the Voice-Over Internet Protocol, VOIP, network had 33,142 active users in November, as it added 1,976 customers to its October subscriber base of 31,166.

The regulatory body said that Section 89 Subsection 3(c) of the Nigerian Communications Act 2003 mandated it to monitor and report the state of telecommunications industry.

“The commission is mandated to provide statistical analysis and identify industry trends with regard to services, tariffs, operators, technology, subscribers, issues of competition and dominance.

“This is with a view to identifying areas where regulatory intervention will be needed. The commission regularly conducts studies, surveys and produces reports on the telecommunications industry.

“Therefore, telecommunications operators are obligated, under the terms of the licenses, to provide NCC with such data on a regular basis for analytical review and publishing,” the report said.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Elon Musk Promises to Reward Best Carbon Technology $100 Million

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Elon Musk Promises to Reward Best Carbon Technology $100 Million

The Chief Executive Officer (CEO) of Tesla Inc. has announced that he will donate $100 million in reward for the best carbon capture technology.

The richest man in the world disclosed this in a tweet on Thursday.

“Am donating $100M towards a prize for best carbon capture technology,” Musk tweeted. “Details next week.”

Elon R Musk gained +$375 million in the last 24 hours to take his total gain in net worth this year to $32 billion and $202 billion total net worth.

Musk, who worth just about $27 billion in January 2020, has risen through the rank to top the world’s richest billionaire index.

The $100 million would be Musk’s largest known donation to date and represents around 0.05 percent of his net worth.

In 2012, Musk signed “The Giving Pledge” to join the list of billionaires that promise to donate half of their fortune to charity in their lifetime or in their wills.

Musk worth just $2 billion when he signed the pledge.

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YouTube Suspends Trump Channel

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YouTube Suspends Trump Channel

Google-owned YouTube on Tuesday temporarily suspended President Donald Trump’s channel and removed a video for violating its policy against inciting violence, joining other social media platforms in banning his accounts after last week’s Capitol riot.

Trump’s access to the social media platforms he has used as a megaphone during his presidency has been largely cut off since a violent mob of his supporters stormed the Capitol in Washington DC last week.

Operators say the embittered leader could use his accounts to foment more unrest in the run-up to President-elect Joe Biden’s inauguration.

“In light of concerns about the ongoing potential for violence, we removed new content uploaded to Donald J. Trump’s channel for violating our policies,” YouTube said in a statement.

The channel is now “temporarily prevented from uploading new content for a ‘minimum’ of 7 days,” the statement read.

The video-sharing platform also said it will be “indefinitely disabling comments” on Trump’s channel because of safety concerns.

Facebook last week suspended Trump’s Facebook and Instagram accounts following the violent invasion of the US Capitol, which temporarily disrupted the certification of Biden’s election victory.

In announcing the suspension last week, Facebook chief Mark Zuckerberg said Trump used the platform to incite violent and was concerned he would continue to do so.

Twitter went a step further by deleting Trump’s account, depriving him of his favorite platform. It was already marking his tweets disputing the election outcome with warnings.

The company also deleted more than 70,000 accounts linked to the bizarre QAnon conspiracy theory, which claims, without any evidence, that Trump is waging a secret war against a global cabal of satanist liberals.

Trump also was hit with suspensions by services like Snapchat and Twitch.

The president’s YouTube account has amassed 2.77 million subscribers.

The home page of the Trump channel featured a month-old video of Trump casting doubt on the voting process in November’s presidential election, and had logged some 5.8 million views.

On Tuesday, an activist group called on YouTube to join other platforms in dumping Trump’s accounts, threatening an advertising boycott campaign.

(AFP)

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Analysts Predict 1,137% Earnings Per Share Growth for Shopify’s Full Year 2020

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Analysts Predict 1,137% Earnings Per Share Growth for Shopify’s Full Year 2020

While the pandemic has devastated countless businesses, it has provided a major boon for eCommerce platform Shopify.

Shopify’s stock rallied by 169.9% in 2020 compared to the industry’s 26.6% growth. As of mid-December 2020, according to the research data analyzed and published by Finnish site Sijoitusrahastot, it had a 90 RS rating, which means that it had outperformed 90% of stocks during the year.

Based on the Zacks Consensus Estimate, its Q4 earnings per share (EPS) are set to jump by 188.37% to $1.24 while its sales will grow by 78% to $899.2 million. For the full year 2020, analysts project a massive 1,137% jump for the Shopify EPS.

Shopify Merchants Sell Over $5.1 Billion on Black Friday, Cyber Monday

Since Shopify went public in 2015, its stock has risen over 40-fold to more than $1,200 at the end of December 2020. Between 2016 and 2019, it skyrocketed by over 1,400%.

The eCommerce platform’s earnings for Q1 to Q3 2020 grew at an average of 552%. That was well above the 101% three-year average. In Q3 2020, its revenue nearly doubled from $390.6 million to $767.4 million.

Earnings in Q3 2020 rose from a net loss of 29 cents to $1.13 per share. Gross Merchandise Volume (GMV) soared by 109% reaching $30.9 billion, compared to 46% in Q1 2020 and 119% in Q2 2020. For the first nine months of 2020, there was a revenue increase of 82%.

For the first time, Shopify’s GMV surpassed that of eBay in Q2 2020, doing it again in Q3 2020. It claims to have a 6% share of the US market, higher than eBay’s but lower than Amazon’s 37%.

During the Black Friday Cyber Monday weekend, merchants on the Shopify platform sold goods worth $5.1 billion. Compared to 2019, this marked a 76% uptick and set a new record. Comparatively, independent businesses on Amazon sold goods worth $4.8 billion. The number of buyers on Shopify increased by 50% year-over-year (YoY) to 44 million during that weekend.

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