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Telecoms Subscribers Hit 154.5m in Dec – NCC

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  • Telecoms Subscribers Hit 154.5m in Dec – NCC

Active users of telecommunications services in the country increased to 154,529,780 in December 2016, the Nigerian Communications Commission (NCC) has said.

The telecommunications industry regulator made this known in its Monthly Subscriber/Operator Data on Tuesday in Lagos.

It said that the active telecommunications service customers increased by 580,330 on the figure in November, which stood at 153,949,450.

According to the data, 154,124,602 of the 154,529,780 active numbers subscribed to the Global System for Mobile Communications (GSM) network services.

The GSM operators’ active customers increased by 577,438 on the 153,547,164 subscribers recorded in November.

The reports stated that of the GSM operators, MTN had 61,840,461 users in December, which increased by 560,168 against 61,280,293 recorded in November.

Globacom’s figure increased in December by 91,360, giving a total of 37,359,843 customers as against 37,268,483 in November.

Airtel had 34,116,409 subscribers in the month under review, which increased by 739,853 users, as against 33,376,556 recorded in November.

Etisalat, however, recorded a drop in customers by 811,943 giving a customer base of 20,809,889 as against 21,621,833 users in November.

The Code Division Multiple Access (CDMA) operators had 217,566 users in December, which was same with the result of November.

Between the two surviving CDMA service providers, Visafone had 213,106 customers, while Multi-Links had 4,460 in the month under review.

The monthly subscriber/operator data showed that the Fixed Wireless network (landline) consumers remained at 26,865 in December.

Also, between the two Fixed Wireless, Visafone had 26,437 subscribers, as Multi-Links maintained its November record of 428 customers.

It also revealed that the Fixed Wired operators (landline) subscriber base increased by 2,935, giving a total of 127,648 users in December, as against 124,713 recorded in November.

In the Fixed Wired arena, MTN Fixed moved from having 5,697 in November to 6,495 in December, thereby increasing by 798 users, while Glo Fixed had 12,643 users in December, adding 57 customers to the November record of 12,586.

IpNX network moved from 2,480 subscriber base in November to 2,468 in December, reducing its customers by 12.

It said that 21st Century network had 106,042 customers in December, recording an increase of 2,092 users on its November record of 103,950.

The report also showed that Smile Communications, the only operator on the Voice Over Internet Protocol (VOIP) network had 33,099 active users in December, as its customers reduced by 43 from its November subscriber base of 33,142.

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 the telecommunications industry.

”The commission is mandated to provide statistical analyses 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 neede

”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 as 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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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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Global Digital Payments Market to Grow by 23.7% in 2020 to $4.9 Trillion

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While it was already under way prior to the pandemic, the global shift to digital payments has been positively affected by the crisis.

According to the research data analyzed and published by Finnish website Sijoitusrahastot, the global digital payments market grew by 21% YoY in transaction value during H1 2020. Statista projects that the market’s total transaction value will grow by 23.7% year-over-year (YoY) in 2020 to reach $4.93 trillion. The number of users is also set to increase by 10.1% YoY to reach 3.47 billion.

Asia’s Digital Payments Market to Reach $2.88 Trillion in 2020

In the period between 2020 and 2024, the global digital payments will grow at a 13.4% compound annual growth rate (CAGR) to reach $8.17 trillion by 2024. The market’s top segment is digital commerce, estimated to grow at 4.8% YoY reach $2.93 trillion in 2020. By 2024, it is set to grow to $4.11 trillion, growing at a CAGR of 8.9%.

China will take the lead in digital payments, growing to $2.31 trillion, as well as in digital commerce, reaching $1.17 trillion in 2020. For Asia as a whole, digital payments will reach $2.88 trillion in 2020 as per a Statista report.

According to McKinsey, Asia generated $900 billion in 2019 as payment revenue, almost half the global total. Between 2018 and 2019, digital payments in Asia Pacific grew by 24.7%. Comparatively, the growth rate was 14.1% in the global market, 12.2% in Europe and 5.6% in North America.

China has a dominant role in the market, thanks to mobile payments. Based on a Finextra report, 70% of China’s consumers use mobile wallets regularly. It estimates that in 2020, 80% of global mobile wallet revenue will come from China.

Capgemini projects that in 2020, mobile payments in APAC will grow at 13.9% YoY to reach $277.5 billion. In contrast, the figure will be $229.1 billion in Europe, growing at 6.2% YoY and $184.8 billion in North America, growing at 3.0%.

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