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Telecom Subscribers Rose by 435,343 in Nov



  • 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.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq,, Investorplace, and many more. He has over two decades of experience in global financial markets.

Fund Raising

Nigerian Health Tech Startup Helium Health Secures $30 Million in Funding to Expand Offering in Africa

Nigerian health tech startup Helium Health has secured $30 million in series B funding to expand its offering across Africa.



Nigerian health tech startup Helium Health has secured $30 million in series B funding to expand its offering across Africa.

The funding round was led by AXA IM Alts, with participation from Capria Ventures, Angaza Capital, Anne Wojcicki, and Flatworld partners. Other existing investors that participated in the round include Tencent, Ohara Pharmaceuticals, LCY Group, WTI, and AAIC.

With the recent funds raised, Helium Health seeks to expand the reach of its fintech product Helium Credit, which is one of the leading digital finance products for Africa’s healthcare sector.

Speaking on the recent funds raised, Helium Health CEO and Co-founder Adegoke Olubusi said, “We believe in a future where good healthcare is a reality for Africans, not just a few. We are deeply committed to supporting both private healthcare providers and public health stakeholders with finance, technology, and data to achieve that vision. We are delighted to have such seasoned healthcare investors accompany us on our journey”.

Also commenting on the funding round, Helium Health lead investor AXA IM Alts through the head of impact investing Jonathan Dean said, “We are delighted to invest, through AXA IM Alts’ impact investing strategies, in ‘Helium Health’s mission of providing digital solutions to improve the quality and efficacy of health services in resource-constrained environments, whilst also directly equipping health sector enterprises with affordable financial services. This investment directly contributes to AXA IM Alts’ broader impact goals of improving financial inclusion and reducing inequalities globally.”

Launched in 2020, Helium Health has extended more than $3.5 million in credit to over 200 healthcare facilities in Nigeria, including pharmacies, diagnostics centers, Hospitals, and Clinics, which have used the loans to purchase medical equipment and medications in bulk and also expand their locations.

The health tech startup works with leading global health organizations and governments, supporting them to execute their strategies, informing policy and decision-making, and improving outcomes for us all. The YC-backed HealthTech startup claims to be the widest-reaching EMR platform in West Africa, used by over 10,000 health workers across 1,000 facilities to care for over 1 million African patients, Investors King understands.

Since Helium’s health series A investment, it has grown its credit from $250,000 to a handful of healthcare facilities to more than $3.5 million across 200+ healthcare facilities in Nigeria.

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Network Service Providers in Nigeria Lose Millions of Voice Subscribers as Broadband Penetration Drops

Network service providers in Nigeria have reportedly lost about 2.5 million voice subscribers as broadband internet penetration declines.




Network service providers in Nigeria have reportedly lost about 2.5 million voice subscribers as broadband internet penetration declines.

The significant increase which was recorded in the country’s telecom sector this year seems not to have been sustained after it saw a slight downward trajectory.

The sector which recorded 227.1 million subscribers in February, fell to 226.2 million in March which saw about 1.5 million subscribers SIM become inactive. The downward trend continued to March falling to 223.7 million subscribers.

Reports reveal that the decline in subscribers negatively impacted the country’s tele density which saw it fall from 118.4 percent in March to 117.1 percent by the end of April. Also, penetration in the broadband segment declined from 48.21 percent to 48.14 percent.

Meanwhile, Internet users on the narrow band (GSM) platform increased by 678,485, where operators moved from 156.9 million in March to 157.6 million by April.

On active voice subscriptions, MTN has continued to lead as it recorded 39.7 percent penetration and 88.6 million users, while Globacom had a 27.3 percent market share with 60.3 million users. Airtel occupied the third position with 60.3 million customers and 27 percent penetration, and 9mobile had 13.4 million users and 6% penetration.

Investors King understands that the decline in voice subscribers in the telco sector could be attributed to the cash crunch that ravaged the country between February and March. This was a fallout of the Central Bank of Nigeria’s (CBN) policies on naira redesign and cash withdrawal limit, targeted at boosting the country’s cashless policy.

Nigeria, through the New National Broadband Plan (2020 to 2025) hopes to deepen internet penetration in the country by 70 percent, however, with the decline of voice subscribers recorded, it has posed a challenge to the country’s broadband plan.

In order to ensure to meet up its national broadband plan, Nigeria must ensure to eliminate factors that could hamper the penetration of internet service in the country, as it could also affect the nation’s GDP, as Broadband penetration is directly proportional to GDP.

A 2009 report by the World Bank estimated that for every 10% increase in broadband in developed nations, GDP will grow by more than 1%.

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Tesla Newly Released Model S Plaid Track Pack Sold Out Immediately It Was Announced

Tesla’s newly released Model S Plaid Track Pack has been sold out immediately after it was announced as consumers buy out the model.



Tesla Charger

Tesla’s newly released Model S Plaid Track Pack has been sold out immediately after it was announced as consumers buy out the model.

On a visit to the company’s site, the company labeled the model “Out of Stock”.  The Model S Plaid Track Pack is reported to have grabbed the attention of a lot of consumers in the US market.

The Model which was unveiled in May 2023, offers an 836 km range on a single charge, allowing it to hit Tesla’s promised top speed of 200 mph. The car is capable of sprinting 0-96 kmph in less than two seconds. It comes with a redesigned steering wheel in the shape of a yoke, instead of a conventional wheel. However, this feature comes as an option for interested customers.

Tesla Model S Plaid also comes with inbuilt speakers that can create sound just like a traditional internal combustion engine-powered car. It delivers high-speed stability, maximum cornering force, and repeatable stopping power during high-performance driving.

The Model S Plaid Track Pack features aluminum forged wheels, track-ready tires with brake fluid, new carbon silicon carbide rotors, and one-piece forged calipers with high-performance pads.

Reports reveal that the Model S Plaid has now become the fastest car ever tested in Motor Trend’s 0-60 MPH vehicle acceleration rankings. In January 2023, the Model managed to beat а Porsche Taycan Turbo S, a Lucid Air, and an electric Audi RS in a real-life acceleration test done with a foot of rollout subtracted.

Investors King understands that Tesla’s Model S Plaid Track Pack’s remarkable features could be the reason for the model being out of stock, as consumers are anxious to get a feel of it. Also, the Model S, just like other Tesla electric cars, is significantly more attractive than in 2022 thanks to price reductions.

The entry-level version of the car starts at $89,990 (plus $1,640 in additional, obligatory costs), which means that the total cost is $91,630 (compared to over $96,000 about a year ago).

As Tesla deals with a spike in demand for its Model S Plaid Track Pack, this signifies that the automaker doesn’t have demand problems. For years, Tesla has consistently said that demand isn’t a problem for the company, but production is.

In that respect, the recent demand spike in demand of the Model S Plaid Track Pack which has pushed the model out of stock, implies that Tesla might have underestimated how many people will annually be interested in its upper-level vehicles.

With the launch of the Tesla Model S Plaid, the US automaker aims to increase its market share in the country, which is known for being the largest marketplace for new energy vehicles.

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