-
Starlink Surpasses FiberOne to Become Nigeria’s Second-Largest Internet Provider
Starlink has become Nigeria’s second-largest Internet Service Provider (ISP), overtaking FiberOne, while Spectranet remains the market leader. According to the Nigerian Communications Commission’s (NCC) Q3 2024 report, Spectranet still holds the top spot with 105,441 subscribers, despite losing over 8,000 users. Meanwhile, Starlink, which launched in Nigeria in January 2023, grew rapidly to 65,564 subscribers…
-
Nigeria Establishes Committee to Protect Fiber Optic Infrastructure and Reduce Telecom Disruptions
Nigeria has launched a Joint Standing Committee on the Protection of Fiber Optic Cables to safeguard its telecommunications infrastructure. This initiative, led by the Federal Ministry of Works (FMoW) and the Federal Ministry of Communications, Innovation, and Digital Economy (FMoCIDE), aims to address the growing problem of fiber cuts, which have caused widespread disruptions to…
-
OpenAI Unveils GPT-4.5, But Questions Remain Over Its Performance
OpenAI has officially launched GPT-4.5, its latest AI model, marking a significant step in the generative AI space. CEO Sam Altman praised its improvements, particularly in emotional intelligence and natural interaction, claiming it was the first model that felt like “talking to a thoughtful person.” The model also reportedly reduces AI hallucinations, making it more…
-
MTN Nigeria Leads Industry with Competitive Salaries and Retention Strategy
MTN Nigeria, the country’s largest telecom operator, is setting itself apart as one of the most generous employers in the industry. Of its 1,809 employees, a staggering 1,514 earn at least ₦1 million monthly, a salary benchmark that its competitors—Globacom and 9mobile—struggle to match. Even the lowest-paid MTN employee takes home an average of ₦458,333…
-
Flutterwave Secures Payment Licence in Zambia, Expanding Its Presence in Africa
Flutterwave has obtained a Payment System licence from the Bank of Zambia, allowing it to expand its operations into the country. This milestone enables Zambian businesses to leverage Flutterwave’s seamless local and international payment solutions, further strengthening digital financial services across the continent. With mobile money services accounting for nearly 70% of Zambia’s financial inclusion,…
-
MTN Group Warns of Major Earnings Decline Due to Forex Losses and Economic Instability
MTN Group, Africa’s largest mobile operator, has cautioned investors about a substantial decline in its 2024 financial performance, citing severe foreign exchange (forex) losses and economic instability in key markets. The company expects headline earnings per share (HEPS) to drop between 59% and 79%, falling to 66–129 cents per share, compared to 315 cents in…