Business
NIN-SIM linkage: Telcos Lost 12 Million Internet Subscribers In 2021 – NCC

The Nigerian Communications Commission, on Friday, said telecommunication companies lost a total of 12 million internet subscribers in 2021 due to the national identification number linkage policy.
NCC made this known in its latest report titled, “2021 subscriber/network data annual report.”
It said the number of internet subscribers decreased from 154,301,195 subscriptions as of December 2020 to 141,971,560 subscriptions as of December 2021 representing a decline of 8 per cent.
This, according to the report, was due to the directive to suspend the sales and registration of new SIMs across the country.
READ ALSO: NIN-SIM Linkage: Airtel Laments Loss As 8.5m Customers Yet To Comply
Recall, in December 2020, NCC had given telecommunications companies a two-week ultimatum to block SIM cards not registered with National Identification Number.
The Federal Government later extended the deadline from December 2020 to January 2021 to enable subscribers with NIN to link it up; while those without NIN had till February 9, 2021.
The NCC report said subscriber number decreased from 204,601,313 subscribers in 2020 to 195,463,898 active voice subscriptions as of December 2021 “with a loss of 9,137,415 subscriptions”.
“This represents about 4.46 per cent decline in total subscription within the period under consideration,” it added.
READ ALSO: NIN-SIM Link: Buhari Dragged To Court Over Blocked Lines
“The decrease in operators’ subscriber base was attributed majorly to the effect of the directive from NCC in December 2020 to all GSM operators to suspend the sale and registration of new SIMS, SIM swaps and all porting activities.
“The objective of the audit exercise was to verify and ensure compliance by mobile network operators with the set quality standards and requirements of SIM card registration as issued by the federal ministry of communications and digital economy and the commission.”
“Nigeria’s teledensity decreased from 107.18 per cent as of December 2020 to 102.40 per cent by December 31 2021,” the report said.
In the period under review, the commission said broadband penetration also decreased from 45.02 per cent as of December 2020 to 40.88 per cent as of December 2021.
Similarly, broadband subscriptions decreased from 85,941,222 subscriptions in December 2020 to 78,041,883 subscriptions as of December 2021.
On the level of data usage, the NCC said, “There was an increase in the volume of data consumed in the year-end December 2021 when compared with the year ended December 2020”.
READ ALSO: SIM-NIN: 22 Days After Ban, Telcos Lose N76bn, Subscribers Stranded
“The total volume of data consumed by subscribers increased to 353,118.89 terabytes as of December 2021 from 209,917.40TB as of December 2020. This represents an increase of 68.2 per cent in data consumption within the period.”
It added that the telecoms industry contribution to the gross domestic products was 12.45 per cent in the fourth quarter, of 2020 compared to 12.61 per cent in Q4 of 2021.
Business
Why We Sited Our Multi-Billion Naira Automobile Firm Branch in Benin – Skyewise Group CEO

Dr. Elvis Abuyere, Chief Executive Officer and Managing Director of Skyewise Group, an automobile firm, has explained the reason for establishing a branch of the company in Benin City, the Edo State capital, describing the ancient city as “a growing economy full of enormous potential for vibrant youth.”
He added that the company considers Edo State one of the most interesting states, noting that the decision aligns with its long-term vision.
Abuyere, who spoke in Benin on Monday while taking journalists on a tour of the new automobile facility, said:
“We started very small — from Abuja to Lagos and now Benin. It is a joy and privilege for us to have completed this amazing regional office with Skyewise Group.”
READ ALSO:BREAKING: Wike Picks Alabo George For Rivers Governorship
According to him, beyond the automobile business, Skyewise Group is in Benin to invest in real estate, logistics, youth empowerment, and credit management. “Aand also to lend our support to what the Edo State Government is doing, knowing the fact that there is an agenda,” he added.
The young CEO urged youths in Nigeria, particularly those in Edo State, to embrace entrepreneurship, stressing that “we believe it is the future of Africa,” especially Nigeria.
He said Nigeria stands as the giant of Africa and that its youth must take bold steps in the entrepreneurship landscape.
According to Abuyere, to ensure Edo youths actualise their entrepreneurial potential, the company has prepared soft loans to help them start businesses, adding that Skyewise Group is not limited to automobile operations.
READ ALSO:Senatorial Seat: Ogbakha-Edo Warns Against Imposition Of Candidates In Edo South
He said: “More importantly to us is youth empowerment. We want our youth to be empowered, and this is where the Skyewise Foundation comes in.
“We believe the future of Africa is entrepreneurship, and that future lies in the hands of the young people of Nigeria. We want to empower them to stand the test of time, build something meaningful, and reduce unemployment and insecurity in our land.
“I believe we need to begin taking bold steps by refining the mindset of our young people. We need to give them a sense of belonging and direction.
“We have been addressing the liquidity gap in society by providing microloans to support businesses in our environment and in Benin City.”
When asked why he chose Benin City for the multi-billion naira automobile firm, Abuyere noted: “I think this is the first automobile showroom in Edo State where you can see a car lifted from the ground floor to the first floor and beyond.”
Business
JUST IN: Nigerian Filling Stations Reduce Fuel Price After Hike

Nigerian filling stations reduced their Premium Motor Spirit price on Saturday, barely 24 hours after the hike.
Checks by DAILY POST showed that Ranoil, Empire Energy, and other filling stations in Abuja adjusted their petrol pumps to N1,365 and N1,375 per litre respectively, down from N1,440 per litre on Friday.
This means that petroleum marketers dropped their fuel price by N65 and N75 per litre. DAILY POST reports that the move was to attract patronage from customers.
Recall that three days ago, Nigerian filling stations had raised their petrol pump price to between N1,365 and N1,440 nationwide after Dangote Refinery and depot owners increased ex-depot prices to around N1,275 and N1,290 per litre.
According to DAILY POST, while the Nigerian National Petroleum Company Limited and MRS Bovas filling stations raised their petrol price to around N1,365 per litre, others adjusted theirs above N1,440 per litre.
READ ALSO:Drivers Protest Fuel Increase, Raise Fares in Benin
However, with the latest fuel price reduction by Ranoil and Empire Energy, the majority of filling station outlets now dispense petrol between N1,365 and N1,375 per litre.
This development comes as the ripple effect of crude oil prices continues to impact Nigeria’s domestic fuel price.
Brent and West Texas Intermediate crude rose to $114 and $105 per barrel before dropping to $108 and $101 after the filing of this report.
Business
Dangote Refinery Hikes Petrol Price

Dangote Refinery has increased the ex-depot price of petrol by N75.
The refinery announced the increase on Wednesday, hiking the the price from N1,200 to N1,275 per litre.
In the same way, coastal prices have gone up to N1,215 per litre.
READ ALSO:Dangote Sugar Announces South New CEO
This adjustment amid Brent crude trading at $114.80 per barrel marks a 3.15% increase.
DAILY POST reports that Brent crude has increased to $115 per barrel, while West Texas Intermediate rose to $103 per barrel on Wednesday.
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