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Telecommunication Services in Nigeria

Publisher MarketLine
Published Jun 19, 2025
Length 37 Pages
SKU # MTLN20391111

Description

Telecommunication Services in Nigeria

Summary

Telecommunication Services in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Telecommunication services market is segmented into fixed and wireless telecommunication services.
  • The Nigerian telecommunication services market recorded revenues of $2.7 billion in 2024, representing a negative compound annual growth rate (CAGR) of 16.9% between 2019 and 2024.
  • Market consumption volumes declined with a negative CAGR of 4.3% between 2019 and 2024, reaching a total of 145.1 million subscriptions in 2024.
  • In 2024, the value of Nigeria’s telecommunication service market contracted due to an economic slowdown caused by global uncertainties and domestic challenges, affecting consumer spending power.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the telecommunication services market in Nigeria
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the telecommunication services market in Nigeria
  • Leading company profiles reveal details of key telecommunication services market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria telecommunication services market with five year forecasts
Reasons to Buy
  • What was the size of the Nigeria telecommunication services market by value in 2024?
  • What will be the size of the Nigeria telecommunication services market in 2029?
  • What factors are affecting the strength of competition in the Nigeria telecommunication services market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Nigeria's telecommunication services market?

Table of Contents

37 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the most recent market developments?
8 Company Profiles
8.1. MTN Nigeria Communications Plc
8.2. Starcomms PLC
8.3. IHS Nigeria Plc
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Nigeria telecommunication services market value: $ billion, 2019-24
Table 2: Nigeria telecommunication services market volume: million subscriptions, 2019-24
Table 3: Nigeria telecommunication services market category segmentation: % share, by value, 2019-24
Table 4: Nigeria telecommunication services market category segmentation: $ billion, 2019-24
Table 5: Nigeria telecommunication services market geography segmentation: $ billion, 2024
Table 6: Nigeria telecommunication services market value forecast: $ billion, 2024-29
Table 7: Nigeria telecommunication services market volume forecast: million subscriptions, 2024-29
Table 8: MTN Nigeria Communications Plc: Key Facts
Table 9: MTN Nigeria Communications Plc: Annual Financial Ratios
Table 10: MTN Nigeria Communications Plc: Key Employees
Table 11: Starcomms PLC: Key Facts
Table 12: Starcomms PLC: Key Employees
Table 13: IHS Nigeria Plc: Key Facts
Table 14: Nigeria Size of Population (Million), 2020-24
Table 15: Nigeria Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 16: Nigeria GDP (Current Prices, $ Billion), 2020-24
Table 17: Nigeria Inflation, 2020-24
Table 18: Nigeria Consumer Price Index (Absolute), 2020-24
Table 19: Nigeria Exchange Rate, 2019-24
List of Figures
Figure 1: Nigeria telecommunication services market value: $ billion, 2019-24
Figure 2: Nigeria telecommunication services market volume: million subscriptions, 2019-24
Figure 3: Nigeria telecommunication services market category segmentation: $ billion, 2019-24
Figure 4: Nigeria telecommunication services market geography segmentation: % share, by value, 2024
Figure 5: Nigeria telecommunication services market value forecast: $ billion, 2024-29
Figure 6: Nigeria telecommunication services market volume forecast: million subscriptions, 2024-29
Figure 7: Forces driving competition in the telecommunication services market in Nigeria, 2024
Figure 8: Drivers of buyer power in the telecommunication services market in Nigeria, 2024
Figure 9: Drivers of supplier power in the telecommunication services market in Nigeria, 2024
Figure 10: Factors influencing the likelihood of new entrants in the telecommunication services market in Nigeria, 2024
Figure 11: Factors influencing the threat of substitutes in the telecommunication services market in Nigeria, 2024
Figure 12: Drivers of degree of rivalry in the telecommunication services market in Nigeria, 2024

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