Technext Technext
  • Home
  • Stories
    • Startup Review: Muster Helps You Find Verified People to Split Apartment Cost With
      Startup Review: Muster Helps You Find Verified People to Split Apartment Cost With
      12 hours ago 0
      58
    • Nigerians Spent Over $60 Million on Mobile Apps in 2020 – APP ANNIE
      Nigerians Spent Over $60 Million on Mobile Apps in 2020 – APP ANNIE
      15 hours ago 0
      99
    • Major Reasons Why Nigerians Don’t Read Terms & Conditions and How Service Providers Can Help
      Major Reasons Why Nigerians Don’t Read Terms & Conditions and How Service Providers Can Help
      17 hours ago 0
      66
    • Tech Events this Week: Startup Guide Accra, Climate Change in West Africa and Others
      Tech Events this Week: Startup Guide Accra, Climate Change in West Africa and Others
      24 hours ago 0
      90
    • Social Media Roundup: #InternetShutdownUganda, Bobi Wine, #BussItChallenge and Other Trending Stories
      Social Media Roundup: #InternetShutdownUganda, Bobi Wine, #BussItChallenge and Other Trending Stories
      3 days ago 0
      161
    • Lupin, Bridgerton; Top 5 New Netflix Series to Watch This Week
      Lupin, Bridgerton; Top 5 New Netflix Series to Watch This Week
      4 days ago 0
      128
    • Samsung Unveils Galaxy S21  Series, Announces Ebuka as Brand Ambassador at its Unpacked Event
      Samsung Unveils Galaxy S21 Series, Announces Ebuka as Brand Ambassador at its Unpacked Event
      4 days ago 0
      147
    • Bolt Launches Ride-hailing Service in Ado-Ekiti and Bauchi, Now in 14 Nigerian States
      Bolt Launches Ride-hailing Service in Ado-Ekiti and Bauchi, Now in 14 Nigerian States
      4 days ago 0
      123
    • How to Register Your Company Through the New CAC e-Registration Portal for Businesses and Individuals
      How to Register Your Company Through the New CAC e-Registration Portal for Businesses and Individuals
      4 days ago 0
      217
  • Features
    • 5 Tips to Make Your Business More Popular on Social Media
      5 Tips to Make Your Business More Popular on Social Media
      6 days ago 0
      155
    • Analysts Forecast Bitcoin to Hit $100k in 2021, But is This Really a Good Time to Start Buying?
      Analysts Forecast Bitcoin to Hit $100k in 2021, But is This Really a Good Time to Start Buying?
      7 days ago 0
      314
    • Top 5 Most In-Demand Tech Jobs for 2021 — and Skills Required for them
      Top 5 Most In-Demand Tech Jobs for 2021 — and Skills Required for them
      2 weeks ago 0
      372
    • Financial Strategies for Surviving 2021 with Ayo Akinmade, Vice Chairman, Regus
      Financial Strategies for Surviving 2021 with Ayo Akinmade, Vice Chairman, Regus
      2 weeks ago 0
      342
    • ‘Expect Aggressive Expansion in 2021’- PlentyWaka’s Johnny Enagwolor on Surviving 2020 and What the Future Holds
      ‘Expect Aggressive Expansion in 2021’- PlentyWaka’s Johnny Enagwolor on Surviving 2020 and What the Future Holds
      3 weeks ago 0
      393
    • After a Poor 2020, Here are the Top Cinema Trends to Watch Out for in 2021
      After a Poor 2020, Here are the Top Cinema Trends to Watch Out for in 2021
      3 weeks ago 0
      343
    • “How we survived 2020” with Fehintolu Olaogun, CEO, CredPal
      “How we survived 2020” with Fehintolu Olaogun, CEO, CredPal
      3 weeks ago 0
      374
  • Reviews
    • Nigerians Spent Over $60 Million on Mobile Apps in 2020 – APP ANNIE
      Nigerians Spent Over $60 Million on Mobile Apps in 2020 – APP ANNIE
      15 hours ago 0
      99
    • Tech Events this Week: Startup Guide Accra, Climate Change in West Africa and Others
      Tech Events this Week: Startup Guide Accra, Climate Change in West Africa and Others
      24 hours ago 0
      90
    • Lupin, Bridgerton; Top 5 New Netflix Series to Watch This Week
      Lupin, Bridgerton; Top 5 New Netflix Series to Watch This Week
      4 days ago 0
      128
    • Samsung Unveils Galaxy S21  Series, Announces Ebuka as Brand Ambassador at its Unpacked Event
      Samsung Unveils Galaxy S21 Series, Announces Ebuka as Brand Ambassador at its Unpacked Event
      4 days ago 0
      147
    • Ditching WhatsApp for Signal? Here Are 5 Things You Should Know
      Ditching WhatsApp for Signal? Here Are 5 Things You Should Know
      5 days ago 0
      188
    • HostNowNow Releases New Staging Server that Enables Users Test Softwares and Prelaunch Web Projects
      HostNowNow Releases New Staging Server that Enables Users Test Softwares and Prelaunch Web Projects
      6 days ago 0
      128
    • Samsung Unveils Galaxy A12, A02 and A02s, Announces Joeboy as Brand Ambassador
      Samsung Unveils Galaxy A12, A02 and A02s, Announces Joeboy as Brand Ambassador
      6 days ago 0
      188
  • Women in Tech
  • Videos
  • Contact Us
Go to...

    MTN Nigeria Hits N1 Trillion Revenue Landmark, Launches Smart Feature Phone

    Oluwadamilare AkinpeluOluwadamilare Akinpelu
    March 7, 2019
    MTN Nigeria Hits N1 Trillion Revenue Landmark, Launches Smart Feature Phone

    Despite its tussle with CBN, leading Nigerian telco, MTN Nigeria, ended its 2018 on a high note. Figures from its 2018 full year investor presentation shows that the company made a revenue of N1.03 trillion in 2018.

    This indicates a 17.1% year on year increase from N887 billion in 2017 and accounts for 28.2% of revenue made by the entire MTN group.

    MTN Nigeria is beasting. I think it just became the first Nigerian company to hit the trillion Naira revenue mark. N1.04 trillion revenues on the back of 17% growth (v 1.9% GDP growth). Historic stuff

    — Akin Oyebode (@AO1379) March 7, 2019

    This revenue growth is owing to Data and Voice growth in the country. Data revenue went up 40.1 % from 2017 with data traffic increasing by 56.3%. Voice revenue also rose by 18.7%.

    And with its plans to list on the Nigerian Stock Exchange (NSE) during the first half of 2019, MTN Nigeria could become the first trillion Naira firm on the NSE. 

    Growth in Other Areas

    The telco also continues to show its dominance in the Nigerian telco space as it added another 5.9 million subscribers to round off 2018 with 58.1 million subscribers, indicating 11.3% increase from 52.2 million in 2017. This indicates that the telco controls 50.4% of the Nigerian telco market.

    Data is MTN’s core medium term growth driver- Rob Shuter, MTN chief executive

    — Dineo (@Dineo9) March 7, 2019

    MTN Nigeria hence accounts for about 25% of the group’s 232 million subscribers. The highest of all its markets.

    MTN Nigeria also recorded a total of 43.9 million data subscribers, an increase of about 4.5 million from the same time in 2017. The company also had an estimated 21.6 million smartphone users on its network.

    MTN Launches its Smart Feature Phones 
    The MTN Smart T Devices

    As announced in 2018, MTN Group has launched its smart feature phones in its South African and Nigerian markets. The phone, MTN Smart T, is a feature phone with smartphone capabilities as well as KaiOS 2.5. It retails for about N8,000 ($22).

    According to research by the GSMA, the $100+ price tag of a smartphone is preventing about 64% of people in Africa from upgrading their phones to 3G/4G devices that can access the internet. There is therefore the need for a phone like Smart T to cater to this population.

    MTN Smart T is also projected to help the telco dominate mobile phones in Africa.

    MTN Group has finally launched the MTN Smart T, an ₦8,000 smart feature phone that can use WhatsApp, Google Assistant and other… – https://t.co/uMLQjdwvPJ pic.twitter.com/BBtiDlhdDY

    — NetworkOfNewsNigeria (@NofNews_Nigeria) March 7, 2019

    The phone supports applications like Google voice services, WhatsApp, Facebook, Google Maps as well as KaiOS app store. It is a dual SIM phone with 1.3 MP back and selfie cameras, 2000mAh battery capacity and it supports WiFi connectivity.


    If you’d like to get featured on our Entrepreneur Spotlight, click here to share your startup story with us.


    SUBSCRIBE

    Get latest Technology news, reviews, business-related content with a deliberate emphasis on the African narrative and insightful analysis in Nigeria – straight to your inbox.


    Comments

    Share :
    • Facebook
    • Twitter
    • Google+
    • Pinterest
    • Linkedin
    • Email
    Oluwadamilare Akinpelu

    Oluwadamilare Akinpelu

    Oluwadamilare Akinpelu is a lover of the Tech World. He is a calm person and also a protean writer.

    Unstoppable You- Towards Gender Equality By Austin Okere
    Next article
    Unstoppable You- Towards Gender Equality By Austin Okere
    Value of Mobile Transactions Crossed N30bn in February 2019 as Cheques Decline
    Previous article
    Value of Mobile Transactions Crossed N30bn in February 2019 as Cheques Decline

    Related Posts

    • Stories 12 hours ago

      Startup Review: Muster Helps You Find Verified People to Split Apartment Cost With

      Startup Review: Muster Helps You Find Verified People to Split Apartment Cost With
      Reviews, Stories 15 hours ago

      Nigerians Spent Over $60 Million on Mobile Apps in 2020 - APP ANNIE

      Nigerians Spent Over $60 Million on Mobile Apps in 2020 – APP ANNIE
      Stories 17 hours ago

      Major Reasons Why Nigerians Don't Read Terms & Conditions and How Service Providers Can Help

      Major Reasons Why Nigerians Don’t Read Terms & Conditions and How Service Providers Can Help
    • Reviews, Stories 24 hours ago

      Tech Events this Week: Startup Guide Accra, Climate Change in West Africa and Others

      Tech Events this Week: Startup Guide Accra, Climate Change in West Africa and Others
      Stories 3 days ago

      Social Media Roundup: #InternetShutdownUganda, Bobi Wine, #BussItChallenge and Other Trending Stories

      Social Media Roundup: #InternetShutdownUganda, Bobi Wine, #BussItChallenge and Other Trending Stories
      Reviews, Stories 4 days ago

      Lupin, Bridgerton; Top 5 New Netflix Series to Watch This Week

      Lupin, Bridgerton; Top 5 New Netflix Series to Watch This Week

    Bitcoin Recent Prices

    Brandest

    Sign up for Newsletters

    Popular News

    • AfriLabs Partners I/O Spaces to Provide African Startups with US Workspace
      AfriLabs Partners I/O Spaces to Provide African Startups with US Workspace
      April 30, 2018 0
    • Meet Diana Owusu-Kyereko, Jumia’s new CEO  for it’s Ghanaian Operations
      Meet Diana Owusu-Kyereko, Jumia's new CEO for it's Ghanaian Operations
      January 17, 2020 0
    • Gray Matters Capital Invests $250k in Ghanaian e-Health Startup Redbird
      Gray Matters Capital Invests $250k in Ghanaian e-Health Startup Redbird
      July 16, 2018 0
    • Tech Events in Africa: Next Einstein Forum, TechTalk 2.0 and Blockchain Africa Conference
      Tech Events in Africa: Next Einstein Forum, TechTalk 2.0 and Blockchain Africa Conference
      11 months ago 0
    • Weekly Roundup:  French President Emmanuel Macron Visits Fela’s New Afrika Shrine
      Weekly Roundup: French President Emmanuel Macron Visits Fela's New Afrika Shrine
      July 6, 2018 0

    Follow Us

    Latest Tweets

    • technextdotng RIP David Ntekim. Our thoughts are with your family. #Tribute #RIP https://t.co/2lBlmyGfZp
      about 10 hours ago
    • technextdotng New post: Startup Review: Muster Helps You Find Verified People to Split Apartment Cost With https://t.co/CpNRblrcj7
      about 11 hours ago
    • technextdotng Mobile adoption witnessed a boom in 2020. According to the recently released State of Mobile by @appannie, over 640… https://t.co/MNP5f4p4lU
      about 14 hours ago
    • technextdotng When was the last time you read through all the terms & conditions (T&C) guiding the operations of an app or servic… https://t.co/jFtHnP0uxr
      about 14 hours ago

    Instagram

    technextdotng

    Technext.ng is the go-to site for news, reviews and insightful analysis in the Nigerian tech space.
    http://ow.ly/ayTM30mSlGS

    RIP David Ntekim. Our thoughts are with your famil RIP David Ntekim.
Our thoughts are with your family.

#Tribute #RIP
    A dream is your creative vision for your life in t A dream is your creative vision for your life in the future.
You must break out of your current comfort zone and become comfortable with the unfamiliar and the unknown.

#WeAreTechnext #MondayMotivation
    Our recent poll result shows that most of our vote Our recent poll result shows that most of our voters (and WhatsApp users) are unfazed by the new policy update and won't be leaving the platform.

Will you?
#WhatsApp #Policy
    50% of our voters think #bitcoin will surpass $100 50% of our voters think #bitcoin will surpass $100k this year?

Do you think so?
#Cryptocurrency #Crypto
    Live at the new @samsung_nigeria A Series launch. Live at the new @samsung_nigeria A Series launch.

And yeah, @joeboyofficial pon deck!

Tag when you see him.

#Samsung #samsunggalaxy #smartphone #Nigeria
    While talking, do not forget to start doing that s While talking, do not forget to start doing that same thing.
It’s just like putting what you are saying into practice.

Let’s just say THEORY/PRACTICAL
#WeAreTechNext #MondayMotivation
    Load More... Follow on Instagram

    Random News

    • How to Improve Your Business Results Using the 80/20 Principle
      How to Improve Your Business Results Using the 80/20 Principle
      7 months ago 0

      The resources that we need to make progress as business people are usually not equally distributed and available. That means, we ...

      Read More
    Copyright 2020 technext.ng | Privacy Policy | Media Policy