• World
  • Columnist
  • Commodities
  • WORLD BUSINESS & ECONOMY
  • Executive Knowledge Series
  • Finance
  • Manufacturing
  • Markets
  • Risk & Governance
  • Small Business
  • Technology, Media & Innovation
  • Comments
  • Business AM WebTV
  • Login

Businessamlive
  • FRONTPAGE
  • FINANCE
    • AllAsset ManagementAuditBankingBondBudgetCapital MarketsC&I LeasingCurrencyDealDebt marketForexFund RaisingFundingGovernmentHedge FundsInsuranceInvestmentInvestorInvestor ServicesMergers & AcquistionsMoney marketMortgagePensionsPersonal financePonziQuantitative EasingshareTaxationTSAWealth Management
      Banking

      FBN Holdings appoints new Non-Executive Director

      December 11, 2019

      Finance

      Insurance sector to attract N200bn post-recapitalization – Onyema

      December 10, 2019

      Finance

      Uganda holds key interest rate to help shield economy

      December 9, 2019

      Finance

      CBN gets new director of currency operations

      December 6, 2019

  • MARKETS
  • ECONOMY
    • AllAfricaAgricAirportsAmericaAsiaAustraliaBreakthroughDealEuropeForeign InvestmentsforexGlobal marketGovernanceIMFMiddle EastNECANigeriaOutlookRich listSouth AfricaSport BusinessTradeU.KWest AfricaWorld Economic forum
      Trade

      US agrees to lower tariffs on some Chinese imports in trade deal

      December 13, 2019

      Europe

      European Union agrees to cut emissions to net zero by 2050

      December 13, 2019

      Frontpage

      Stocks pare loses on skepticism around reports of US tariff delay

      December 10, 2019

      Business News

      Standard Chartered removes charges for ATM withdrawals, transfers

      December 10, 2019

  • COMMODITIES
  • ENERGY
    • AllConferenceElectricityOil and GasPowerRenewable
      Energy

      Nigeria LNG, partners sign Train 7 gas supply agreements

      December 13, 2019

      Concerns as NEITI unveils oil blocks’ owners

      December 13, 2019

      Energy

      Who will fund Rosneft’s $157bn mega oil project?

      December 11, 2019

      Energy

      84 women graduate from Intels’ empowerment programme in Rivers 

      December 11, 2019

  • TECHNOLOGY
  • MANUFACTURING
  • ANALYSIS
    • Analysis

      On Nigeria’s cyber security skill gap

      December 10, 2019

      Analysis

      Nigeria’s resilience against global risks

      December 3, 2019

      Analysis

      Getting the Board on board GRC implementation

      December 3, 2019

      Analysis

      How much money do you need?

      December 3, 2019

Frontpage

Telecoms sector attracts $70b investment

May 23, 2019180 views0 comments

Total investments into the telecoms sector currently stand at $70billion, the Nigerian Communications Commission (NCC) said today in Lagos.
Speaking at the ongoing maiden edition of Nigerian Telecom Leadership Summit at Eko Hotel, its executive vice chairman/Ceo, Garba Dambatta, said aside this massive investment, the sector contributed 9.85% to the Gross Domestic Product (GDP) in Q4 of last year while in cash terms, it contributed N1.9trilion during the period under review.
Nigeria, he said, has more than 63million subscription on broadband while in the voice segment, there are 173million lines as at March this year which translates to 91% teledensity.
Details shortly…

Related posts:

Ghana emerges as Nigeria’s biggest trade partner for the first time
FinTech Partners: Nigeria miles away from financial inclusion
Concerns as NEITI unveils oil blocks’ owners
Nigeria falls short of economic growth expectation – IMF
National Assembly transmits 2020 budget to Buhari
NLC gives govs Dec 31 deadline for new minimum wage implementation
Banks refund N76.7bn, $20.9m to customers —CBN 
MTN, Glo, Airtel, 9Mobile, ntel, lose N119bn revenues monthly
Who will fund Rosneft's $157bn mega oil project?
Nigeria to spend N750.81bn on fuel subsidy in 2020
Share on Facebook Tweet Email
PreviousPrices of selected food stuff increased in April — NBS
NextIMF warns US-China trade war will ‘jeopardize’ 2019 global growth

Leave a comment

- Cancel reply

MARKET DATA

Recent Posts

  • Nigeria Daily Street Market Exchange Rate (December 13th 2019)
  • Gold fails to crumble as trade deal hit meets dollar’s decline
  • Nigeria LNG, partners sign Train 7 gas supply agreements
  • US agrees to lower tariffs on some Chinese imports in trade deal
  • Ghana emerges as Nigeria’s biggest trade partner for the first time

World

Europe

EU businesses to cut investments in 2020, says EIB report

America

U.S. increases cost of visa application for Nigerians

Africa

Thatcher-Loving Nigeria Candidate Plans to Overhaul Economy

Africa

Ethiopia considers sale of minority stakes in telecoms, airline to foreign investors

Africa

AfDB scales up industrialization pace on the continent, delivers improved business access to finance, skills, energy

Frontpage posts

0

FEC approves N10.07trn 2020 budget proposal, raises VAT to 7.2%

Frontpage September 12, 2019

1
2

FG returns toll gates on federal highways

Frontpage October 2, 2019

3

CBN forex intervention hits $42.3bn in one year

Frontpage June 21, 2019

4

Nigeria’s interbank lending rate rise to 23% on cash squeeze as CBN sells N167.6bn bills

Frontpage August 4, 2017

5

Nigeria approaches World Bank for $2.5bn loan

Frontpage September 19, 2019

SUPPORT

  • Photo Gallery
  • Help Centre
  • About Us
  • Accessibility

LEGAL & PRIVACY

  • Terms & Conditions
  • Privacy
  • Cookies
  • Copyright

SERVICES

  • Conferences & Events
  • Analysts Research
  • Advertising Rate
  • Ebooks

TOOLS

  • Portfolio
  • Newsletters
  • News feed
  • Currency Converter

SUBSCRIBE

Join us to get latest updates on business related news.

[mc4wp_form id="3076"]
  • ABOUT US
  • CONTACT US
  • CAREERS
  • TERMS & CONDITIONS
  • PRIVACY POLICY
Copyright 2017. All rights reserved. BusinessAMLive. A Businessnewscorp Member Company.