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GLO-1 is the first successful submarine cable from the United Kingdom to Nigeria, and GLO is the first individual African company to embark on such a project. [11] [12]GLO-1 has the potential to provide high speed internet services, faster, more reliable and cheaper telecom services. [13]
The balance of Nigeria's international bandwidth is provided entirely by satellite. Of up to six new submarine cables that would land in Nigeria, contracts have been awarded for two: Glo-1, and Main-1 (the others include AWCC, WAFS, Infinity, and Uhurunet). Glo-1 is expected to enter into service in 2009 and Main-1 from May 2010.
The GLO-1 submarine communications cable is a cable system along the west coast of Africa between Nigeria and the UK, owned by Nigerian telecoms operator Globacom.. The submarine cable system is 9,800 km long, and became operational in 2011 with a minimum capacity of 640 Gbit/s.
Nigeria is Africa's largest ICT market, accounting for 82% of the continent's telecoms subscribers and 29% of internet usage. [1] Globally, [2] [3] [4] Nigeria ranks 11th in the absolute number of internet users and 7th in the absolute number of mobile phones.
Airtel Networks Limited (Airtel Nigeria), commonly known as Airtel, is a leading mobile network operator in Nigeria. According to the Subscribers statistics released by Nigerian Communications Commission (NCC) on 30 August 2019, Airtel Nigeria has 26.8% mobile telephone market share and 46.8 million subscribers.
The Nigerian Stock Exchange (NSE), now Nigerian Exchange Group, is an integrated stock exchange group in Africa founded in 1961 in Lagos.Following the demutualization of the NSE in 2021, NGX Group now has 3 subsidiaries - Nigerian Exchange Limited (NGX), the operating exchange; NGX Regulation (NGX RegCo, the independent regulation company; and NGX Real Estate (NGX RelCo).
GDP per hour worked 1970–2022 (2015=100) Country 1970 1980 1990 2000 2010 2015 2020 2022 Australia 51.4 60.3 66.0 80.9 92.2 100 103.1 103.3 Austria 83.0
Nigeria ranks sixth worldwide and first in Africa in farm output. [63] The sector accounts for about 18% of GDP and almost one-third of employment. Though Nigeria is no longer a major exporter, due to local consumer boom, it is still a major producer of many agricultural products. [64] Further agricultural products include palm oil and rubber.
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