Nigerians pay N2tr for calls, data in six months

4 min read • COVID-19 pushes up expenditure amid poor services • Each subscriber spends N1,725 monthly • GSM operators see more growth, MTN claims pandemic spike data usage The COVID-19 pandemic and its economic disruptions notwithstanding, the first half of the year has yielded huge revenue, amounting to N1.97 trillion, for telecommunications operators. The amount was spent by subscribers on telephony services,…

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Dollar slips as yields dive on recovery worries

3 min read The dollar fell in Asia on Wednesday, hitting a five-month low on the yuan, as the latest coronavirus relief package stalled in Congress and U.S. yields sank on the prospect that further monetary easing might be needed to support the economy. A hardening perception that the U.S. recovery is lagging Europe has buttressed the euro, which has repelled a rebound…

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