Economy
Nigeria’s Telecom subscriptions surge as Airtel, MTN drive sector growth
Nigeria’s Telecom subscriptions surge as Airtel, MTN drive sector growth
The telecoms regulator said that this robust recovery followed a period of decline, which saw subscriptions plummet to 154,904,827 in September 2024.
Nigeria’s telecommunications sector has witnessed a robust recovery, with active subscriptions surging to 169.3 million in January 2025, up from 164.9 million in December 2024.
The Nigerian Communications Commission said this in industry statistics on its website.
The telecoms regulator said that this robust recovery followed a period of decline, which saw subscriptions plummet to 154,904,827 in September 2024.
It said the decline in subscriptions was largely due to the mass deactivation of over 42 million SIM cards in February 2024 and the sector’s rebasing in September 2024.
The NCC, however, noted that the sector had gradually regained momentum, with subscriptions increasing to 164,926,599 in December 2024 before reaching the current high of 169,318,076 in January 2025.
The growth was driven by two network operators, MTN and Airtel, that recorded an increase in their subscriber base in the month under review, marking a significant increase from the 76.08 per cent recorded in December 2024, said NCC.
On market share, the industry statistics showed that MTN Nigeria solidified its position by increasing its market share to 51.7 per cent with 87.5 million subscribers in January 2025, up from 84.6 million in December 2024.
It said Airtel also demonstrated resilience, expanding its subscriber base to 57.6 million with a market share of 34.1 per cent, up from 56.6 million in the preceding month.
Earlier and current NCC statistics showed that Globacom, which faced a decline in subscribers earlier in 2024 due to a regulatory audit, was gradually showing signs of recovery.
It showed that Globacom grew its subscriber base from 20.1 million in December 2024 to 20.5 million in January 2025.
On the other hand, the statistics showed that 9mobile’s market share continued to decline, a far cry from 9mobile’s erstwhile dominance, when it boasted 23.4 million subscribers and a 15.7 per cent market share in 2015.
“The company’s stagnant subscriber base, which has remained unchanged at 3.2 million for three consecutive months, further accentuates this decline,” NCC said.
On porting activities, industry statistics showed that Nigeria’s fourth mobile network operator, 9mobile, has continued to experience a decline in its subscriber base, with 6716 customers porting out of its network in January.
According to the NCC’s report on incoming and outgoing porting activities of mobile network operators, a total of 8708 subscribers moved from one network to another in January.
The report showed that other operators recorded insignificant outgoing porting numbers compared to 9mobile.
According to the NCC, MTN lost 1188 customers, Airtel recorded 399 outgoing porting, Globacom recorded 405, and 9mobile lost 6,716 in January.

Airtel, MTN
In terms of incoming porting, MTN gained the most customers from other operators, with 5,551 subscribers joining its network, the regulatory body revealed.
The report showed that Airtel recorded 2414 incoming porting, while Globacom gained 736 customers.
Meanwhile, the NCC statistics noted that 9mobile recorded only seven incoming portings for the month of January.
Looking at the report, we can see that there were more incoming and outgoing porting activities in January 2025 than in December 2024.
It said that a total of 2998 activities were recorded in December 2024, while January 2025 had 8708 porting activities.
The report revealed an increase of 5710 in mobile number portability activities in January 2025 when compared to December 2024.
Economy
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.
The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.
Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.
He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.
“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly
“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”
Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.
Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.
He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.
Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.
Crime
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Tuesday, February 3, 2026 arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.
Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC
Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.
The suspect will be charged to court upon conclusion of investigations.
Dele Oyewale
Head, Media & Publicity
February 3, 2026
Economy
Access Bank Gets New Board Chair Ifeyinwa Osime
Access Bank Gets New Board Chair Ifeyinwa Osime
Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.
Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.
Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.
Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.
She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

Access Bank Gets New Board Chair Ifeyinwa Osime
Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.
“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”
Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.
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