Market share of mobile telecommunication operators in Nigeria 2024
As of March 2024, MTN was Nigeria's largest mobile telecoms operator, with roughly 37 percent of the market share. Airtel and Globacom followed directly, holding about 29 percent and 28 percent of the share, respectively.
The Central Bank of Nigeria recently licensed mobile providers to operate mobile payments. Mobile money allows you to receive, store, and spend money using a mobile phone. This service can be provided by banks, mobile money operators (MNOs), telecom companies, payment service providers, or similar. The service allows people to transfer money in absence of banks and ATMs. Indeed, the banked population in Africa is among the lowest in the world. Mostly for rural areas, this represents a significant financial inclusion.
