Telcos’ revenue per user slumps as weaker naira tips Nigeria off the top

Nigeria has gone from delivering one of the highest Average Revenue Per User (ARPU) among other African markets for the biggest telecommunication firms in the country, to one of the lowest. The ARPU for Nigerian telecommunications companies, a measure of how much is generated by an average user of the network, declined by 40.87 percent to $1.85 in the three months through September 2024, compared to $3.12 in the same period of 2023, underscoring the negative impact of the weaker naira on the sector. According to financial reports seen by