Approximately 4,570 telephone subscribers switched their network service providers during the first quarter (Q1) of 2026, according to industry data from the Nigerian Communications Commission (NCC). The subscribers, apparently frustrated by the quality of service provided by their mobile network operators (MNOs), utilized the Mobile Number Portability (MNP) scheme to change networks.
Nigeria became the 64th country to adopt the MNP scheme when it was launched by the NCC in 2013. Now in its 13th year, the scheme allows subscribers to port from one network to another in search of better service quality while retaining their original GSM number on the new network. However, the rules stipulate that all porting subscribers must remain on their new network for 90 days before they can port out to another network.
In the first quarter of the year, MTN gained the most users, with 2,798 subscribers porting into its network, while 585 left for competitors. Airtel received 1,139 subscribers and lost 550. Glo welcomed 552 users but lost 1,068, while T2 gained 49 users but saw 2,367 port out. Mobile Virtual Network Operator (MVNO) Vitel welcomed 32 subscribers and retained all of them.
Airtel Africa's Stock Performance
Meanwhile, Airtel Africa emerged as the standout large-cap performer on the Nigerian Exchange (NGX), recording a 10 percent gain in a single trading week. This reinforced its position as one of the region’s most resilient and valuable telecommunications companies. The telecom firm closed the week at N3,655.70 per share, up from N3,323.40, making it one of the strongest contributors to market performance during a period characterized by selective investor activity and sector rotation.
In a statement, the firm said the strong performance reflected growing investor confidence in Airtel Africa’s business fundamentals, diversified revenue streams, and long-term growth strategy. Analysts noted that the company continues to attract attention from investors seeking stable, high-quality stocks capable of delivering sustainable value despite ongoing macroeconomic uncertainties. Unlike many of the week’s gainers, whose performance was largely driven by speculative trading and short-term market positioning, Airtel Africa’s rise was underpinned by confidence in its operational strength and strategic importance within the telecommunications sector.
Market watchers have identified Airtel Africa as a preferred investment destination due to its strong earnings profile, extensive regional footprint, and exposure to foreign currency-linked revenue streams. These factors have helped position the company as a key stabilizer within the NGX, particularly at a time when investors are increasingly selective in deploying capital. The company’s performance also highlighted the growing importance of telecommunications firms in driving economic growth and digital transformation across Africa. Through continued investments in network expansion, digital services, enterprise solutions, and financial inclusion initiatives, Airtel Africa remains at the forefront of enabling connectivity and economic opportunity for millions of people across the continent.
