News
Falling ARPU Forces Telcos to Think M&A
The country’s telecom space looks set for massive change if recent mergers and acquisitions rumours are anything to go by but it will not be one jacket fit all as many merging operations may still have tough time extracting a decent profit, Nigeria CommunicationsWeek can now reveal.
With Bharti Airtel Limited’s acquisition of Zain Group’s mobile operations in 15 countries across Africa sealed, some telcos are weighing either or outright acquisition to surmount the rapidly declining Average Revenue per User (ARPU).
ARPU measures the average monthly revenue generated for each customer unit, such as a cellular phone.
Also, Telkom, South African telephone operator and owner of Multi-Links-Telkom is considering selling the struggling Nigerian unit after it was battered by high operating costs at home and hefty losses from the Nigerian business.
This leaves Multi-Links-Telkom up for grabs by either Nigerians or any group from outside.
Nigeria CommunicationsWeek gathered elsewhere there are talks between Starcomms Plc, Nigeria’s leading triple play operator and MTS First Wireless for the acquisition of the latter by Starcomms.
Interestingly also, “home and away”, a rather revolutionary merging synergy may crystallize between a leading GSM operator and struggling Code Division Multiple Access (CDMA) operator which may see both leveraging on each other’s strength.
“I cannot disclose details yet, but we are working to make sure that if you walk to any shop to buy either GSM phone, you will get a CDMA line or vice versa at a discount” a source close to deal said.
It is uncertain if some of the merger and acquisition activities to be created may result in substantial and lasting value because in some cases the damages are too much to underpin with mergers and simply stupid to acquire.
Nigeria CommunicationsWeek gathered that bubble began to bust late 2008 and today some are dead, others on life support.
But Bekele Tadese, country manager of Ceragon Networks Limited said that there is every need for companies to search for economies of scale that will help them build complementary drive for critical mass.
“As ARPU keeps declining, getting lower and lower; it will definitely reach a stage where each company may find it difficult to make profit. By the time companies see their margin declining, they will start talking, they will start negotiating- let’s put resources together, let’s save cost and be more profitable,’ said Bekele.
News
UK Appoints Peter Vowles as British High Commissioner to Nigeria

The UK Government has announced the appointment of Mr Peter Vowles as the next British High Commissioner to the Federal Republic of Nigeria.

Mr Vowles succeeds Dr Richard Montgomery CMG and is expected to take up his post in Abuja in September 2026. Dr Montgomery remains in post until that time.
Mr Vowles brings extensive diplomatic and development experience to the role, having served as His Majesty’s Ambassador to Zimbabwe from 2023 to 2026 and previously as Ambassador to Myanmar from 2021 to 2022.
He has held senior leadership positions across the FCDO and its predecessor department DFID, including as Transformation Director and Director for Asia, Caribbean and Overseas Territories.
Earlier in his career, Mr Vowles worked in international development across South Asia, Central Africa and East Africa, including postings in Bangladesh, India, the Democratic Republic of Congo and Kenya. He began his career in Zimbabwe, where he worked in education and development.
Peter Vowles said: “I am honoured to be appointed as British High Commissioner to Nigeria. Nigeria is a country of immense importance to the United Kingdom, and I look forward to working closely with Nigerian partners to strengthen our relationship across trade, development and security.”
News
Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

World Bank has ranked the Apapa and Tin Can Island Port complexes in Lagos among the world’s 20 most improved ports in its 2025 Container Port Performance Index (CPPI), released in June 2026.

The ranking places both ports in the “Top 20 Port Improvement Since 2020” category, reflecting significant gains in operational efficiency and vessel turnaround time.
The CPPI is a global benchmark used to assess the efficiency of container ports based on factors such as cargo handling speed, ship turnaround time and overall logistics performance.
According to the report, the improvement highlights ongoing reforms and modernization efforts within Nigeria’s maritime sector.
The Managing Director of the Nigerian Ports Authority (NPA), Mr Abubakar Dantsoho, attributed the recognition to ongoing policy reforms and infrastructure upgrades in the sector.
He said the development reflects the impact of economic policies of President Bola Tinubu and the support of the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola.
“With the investor-friendly policies of President Bola Ahmed Tinubu providing the impetus for increased investment to drive our port infrastructure and equipment modernisation programme, coupled with the unflinching support of the Honourable Minister of Marine and Blue Economy, Adegboyega Oyetola, we have all it takes to further enhance trade facilitation, improve competitiveness and boost the national economy,” he said.
The NPA said the recognition is expected to strengthen investor confidence in Nigeria’s maritime sector and enhance the country’s position as a regional trade and logistics hub.
It noted that improvements in port operations are already contributing to increased efficiency in cargo movement and reduced delays at key terminals.
The authority also pointed to ongoing efforts to modernise port infrastructure and expand digital systems aimed at improving service delivery.
Earlier in February 2026, the NPA said the federal government had intensified efforts to position Nigeria as a leading maritime destination through port rehabilitation and modernization projects.
It also highlighted public-private partnership initiatives, including developments at the Lekki Deep Sea Port, as part of broader reforms aimed at improving efficiency and attracting investment.
The CPPI ranking is expected to further boost Nigeria’s maritime profile and encourage additional investment in the sector.
News
PalmPay Joins Industry Leaders @ Digital Pay Expo 2026

As digital payment adoption continues to grow across Nigeria and emerging markets, the next phase will depend not just on innovation, but on the strength, reliability, and trustworthiness of the infrastructure behind it.

While the ecosystem has made clear progress in recent years, trust remains a critical issue for users, businesses, and operators alike. Questions around resilience, security, interoperability and transaction reliability continue to shape how the market evolves and how confidently digital payments can scale.
These issues will be central to the deliberations at Digital Pay Expo 2026, where fintech leaders, payment operators, and other ecosystem stakeholders will gather under the theme, “Seamless Digital: Fostering Pan-African Market Expansion in the Era of AI.”
PalmPay’s participation reflects its continued commitment to building trusted and scalable payment infrastructure, while contributing to the broader industry efforts to strengthen systems, standards, and partnerships needed to support long-term ecosystem growth.
Speaking ahead of the event, Olorunfemi Hanson, Head of Marketing and Communications at PalmPay Nigeria, said: “As the financial services ecosystem continues to grow, trust and reliability become even more important.
“The industry’s next phase will be shaped not only by innovation, but by the strength of the infrastructure supporting it. Digital Pay Expo provides an important platform to address the resilience, interoperability, and trust issues that will shape the future of digital payments growth across Africa.”
The event, scheduled to be held from the 17th to the 18th of June, 2026, will feature Chika Nwosu, Managing Director of PalmPay Nigeria, alongside other distinguished guests, including the Director-General, Payment System Management Department (PSMD), Central Bank of Nigeria. The event will examine how the industry can balance innovation, regulation, and scalability while strengthening trust across the digital payments value chain.
For PalmPay, this event reinforces its role in supporting a more resilient, secure and scalable payments ecosystem for Nigeria and emerging markets more broadly.
E-Business3 days agoAI-Powered Cyber Threats Put Nigerian Banks on Alert
E-Business3 days agoCSOs Raise Alarm over Nigeria’s Data Protection Crisis
General News3 days ago₦5m up for Grabs as 10 Startups Clash at the Gathering on 100 Pitchathon Aba
E-Financial3 days agoCBN to Expand eNaira for Salaries, Pensions and Welfare Payments
General News3 days agoCBN Moves to Stop Banks From Using Customers’ Money for Fintech Subsidiaries
E-Financial3 days agoCBN to Bar HoldCos from Influencing Banks’ Lending Decisions
Telecom3 days agoNITDA Reveals Why AI Could Be Nigeria’s Biggest Wealth Creator, Not Oil
E-Business2 days agoGalaxy Backbone @ 20, Pledges Nationwide Connectivity, Data Sovereignty













