Newslanda| Latest Gossip Naija Blog

Telecommunication provider Airtel topped the chat of new subscribers for the month of September with 400,847 new subscriptions. The number topped Globacom who recorded 215,700 new subscribers for the month under review. MTN was next with 60,558,569 and Etisalat recorded 64,870 new subscribers.  The figure is according to a subscriber/operator data by the Nigerian Communications Commission (NCC) which also showed that telecommunication subscribers in Nigeria had hit 153.2 million. It said that the active telecommunications service customers increased by 495,426 in September as against the figure in August which stood at 152,776,155.  According to the data, 152,836,997 of the 153,271,581 active numbers subscribed to the Global System for Mobile Communications (GSM) network services. The GSM operators’ active customers increased by 551,677 from 152,285,320 subscribers recorded in August. The reports stated that of the GSM operators, MTN had 60,558,569 users in September, which was ...

Nigeria’s cocoa exporters are smiling to the bank as the steep devaluation of the naira has resulted in a sharp increase in the naira income from cocoa exports. “Despite a drop in the country’s cocoa output, farmers and exporters are making a lot of income presently, due to the foreign exchange situation” Zacheaus Egbewusi, chief executive officer, Agri Commodity Inspection Limited, told BusinessDay.” BusinessDay findings show that the local price of cocoa per ton at Matori cocoa warehouse in Lagos was N1.25 million on Tuesday, 1 November, almost twice higher when compared to N650, 000 per ton in December of 2015. Hakeem Adebisi, a cocoa farmer in Ajebandele in Ondo State, said cocoa is now a more profitable business. “Farm-gate price of a kilo of cocoa beans have increased from N650 in December 2015 to N1, 250. We are currently harvesting and we are still expecting the price of cocoa to increase because of the value of the naira,” Adebisi said. Some cocoa farmers confirmed to Busi...