Saturday, March 14, 2026
27.5 C
Lagos

NCC: Telecom Sector Contribution to GDP Rose to 13.5% in Q4, 2022

 

The Nigerian Communications Commissions (NCC) says the contribution of the telecom sector to the nation’s Gross Domestic Product (GDP) rose to 13.55 percent as at 4th quarter of 2022 compared to 10.88 percent in the first quarter of 2020.

In its latest industry report, the NCC also put subscriber numbers at 226.1 million as at March 2023, representing a teledensity level of 118.48 percent over the figure of 201.6 million recorded in April 2022.

The report also states that Internet subscription in Nigeria has risen to 157.5 million as at March 2023.

NCC is the regulator of the telecom industry in Nigeria.

spot_img
spot_img
spot_img

Hot this week

NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

Nigerian Exchange Group Plc (NGX Group), in collaboration with...

Union Bank of Nigeria Marks Int Women’s Month 2026 with Inclusion-First “Give to Gain” Campaign

L-R: Chief Talent Officer, Union Bank of Nigeria, Omayuli...

NAICOM: 20 Insurance Firms Seek Capital Verification Ahead July 31 Recapitalisation Deadline

The National Insurance Commission (NAICOM) says 20 operators in...

FG Inaugurates Committee on Grid Asset Management Company to Boost Power Sector

President Bola Tinubu has constituted an 11-member committee to...

Tinubu Approves Posting of 31 Career, 34 Non-Career Ambassadors

President Bola Ahmed Tinubu has approved the postings of...

Topics

‘Insurance Sector Will Flourish in 2020’

Mr. O. S. Thomas Acting Commissioner for Insurance National Insurance Commission...

LIRS Meets FMCG, Gaming, Multi-level Marketing Sector on Withholding Tax

L-R: Director, New Growth Areas, Mr Olujimi Aina, Executive...

Stanbic IBTC Asset Management Assigned ‘AA(IM)’ Rating

Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC...

Stanbic IBTC Economic Summit Delivers Strategic Framework for Navigating Nigeria’s 2026 Investment Landscape

Institutional investors, corporate leaders and economic experts gained practical...

Domestic Bourse Sustains Positive Streak… ASI Up 14bps

The equities market maintained a positive performance at the close...

Consolidated Hallmark Insurance: N16bn Total Assets, N10.5bn Premium, N972m Profit in 2021

Mr. Obinna Ekezie, the Chairman of Consolidated Hallmark Insurance...

RedStar Express Commences Express Grocery Service

Red Star Express Plc, one of Nigeria’s foremost logistics...

Fintech Firm Plans to Transform Digital Banking in Nigeria via UBA

Digital banking platform provider, Layer has announced it is...
spot_img

Related Articles

Popular Categories

spot_imgspot_img