Just working hard is not enough. You must upgrade your playbook. Is your business model modern? In the Institute, we are spending time looking at business models because in this age, irrespective of how brilliant you are, if you are stuck in the wrong one, capturing value becomes difficult. Amazon can buy Walmart and have a change in excess of $ 1.2 trillion. Microsoft can buy IBM and will not sweat. Get into this zoom conversation in a recent Tekedia Live webinar for Tekedia Mini-MBA members.
All Hail The Y’ello King – MTN Nigeria Is Growing Money on Data!
If you look at the financial data coming out of the home of Y’ello, you may not believe that MTN Nigeria is operating in Nigeria. Yes, despite the paralyses in Nigeria, MTN has found a way to keep capturing value. I mean, this company is now at its own level: no one comes close.
Revenue grew by 13.9% to N975 billion over the 3rd quarter, up from N856.549 billion recorded in the corresponding period last year. You know one thing? MTN Nigeria will clearly surpass N1 trillion naira of revenue in 2020. I think MTN currently holds that record in Nigeria; in 2020, the party will surely continue. The CEO, Ferdi Moolman, sums it up: it is data, and nothing but data growth.
CEO of MTN Nigeria, Ferdi Moolman, said, “Following a decline in voice traffic and an acceleration in data during lockdowns in Q2, we have seen a normalization of traffic as restrictions have been removed, with a recovery voice traffic and continued growth in data. This has supported a 13.9% growth in service revenue, with an acceleration of growth to 16.5% in Q3 specifically.”
- Operating profit also increased by 7.8% from N284.73 billion in Q3 2019 to N307.01 billion in Q3 2020.
- The growth in operating profit was largely impacted by the increase in finance costs as a result of increased borrowings (September 2019: N381 billion, September 2020: N509 billion), leading to a decline of 0.6% in profit before tax to N211.6 billion.
- The following are key metrics which impacted the Q3 2020 figures posted by the firm:
- Mobile subscribers increased by 3.9 million to 75million.
- Active data users increased by 1.7 million to 30.7 million.
- Service revenue increased by 13.9% to N973.8 billion.
- Earnings before interest, tax, depreciation, and amortization (EBITDA) grew by 9.1% to N497.9 billion.
- EBITDA margin declined by 2.3 percentage point (pp) to 51.0%, due to cost pressures arising mainly from increased investments in the firm’s network and the impact on costs of the depreciation to the CBN and NAFEX exchange rates.
- Profit before Tax (PBT) declined by 0.6% to N211.6 billion.
- Earnings Per Share (EPS) declined by 3.3% to N7.1 kobo
This is a massive performance with voice revenue dropping from 73% in 2019 to 67% in 2020, but data doing the job as data revenue to total service revenue has grown from 18% in 2019 to 25% in 2020. Simply, MTN Nigeria has retooled its business model, making sure it is well positioned for the future. All hail the Y’ello king.
Full financial details are here.
A Human Resources Business Partner To Teach During Tekedia Career Week
She works with businesses to create and implement innovative human capital strategies as a tool for competitive advantage. Over the last decade, she has garnered experiences in multiple sectors such as telecommunications, consulting, hospitality, media, construction and retail Sales. A human resource business partner in VDT Telecoms, she works on people management, providing strategic alignment on the utilization of factors of production through human capital.
Elizabeth (Ayeni) Nyah, ACIPM, GPHR, a graduate of University of Lagos, and Lagos Business School, will be teaching during Tekedia Career Week. This career week is not designed for finding jobs. Rather, it is structured to TRANSFORM workers, founders and entrepreneurs into business leaders and champions of innovation in their companies.
All past and current Tekedia Mini-MBA members, including those who have registered for Edition 4 (Feb 8 – May 3, 2021), attend free. We have 13 courses, videos, cases, etc on how we can plan our careers during this time of disruption.
Join Elizabeth.
Tekedia Mini-MBA Edition 2 & 1 Members: Request for Your Certificates
Tekedia Institute Mini-MBA Edition 2 members, please write Admin and request for your certificate. We will begin batching distribution from today after the grand finale this evening. If you were in Edition 1 and yet to receive yours, let us know also.
My “It’s Graduation Day” video has been posted in the Board. I hope to welcome everyone at 7pm WAT today via the link provided.
Tekedia Mini-MBA is an innovation management multi-week program, optimized for business execution and growth, with digital operational overlay. It runs 100% online. The theme is Innovation, Growth & Digital Execution – Techniques for Building Category-King Companies. All contents are self-paced, recorded and archived which means participants do not have to be at any scheduled time to consume contents. Register for the next edition here.
Mobile Online Gambling
Some people believe that playing online mobile games is just a waste of time, while others enjoy the experience. No one can deny that a lot of fun can be had by playing these games for a few hours each day.
So, what is it about these games that make them so attractive?
For some reason, people are too scared to protect their details while online mobile gaming, but for all I know, they do not even think twice before entering the same email address that they usually use for all of their bank details!
These machines have all sorts of security measures in the background. The top casino sites for mobiles even offer extra protection, such as secure online gaming transactions and instant game transfers.
Moreover, most of these games come with good quality graphics and sound and are designed with a high degree of professionalism.
Online gaming is becoming more popular for the simple reason that it is a lot of fun! However, there are certain things you should keep in mind when you are playing these games, particularly if you want to win some money.
Here are some things that you should consider before you start playing.
You’ll need to make sure of whether the game that you are playing is a multiplayer game or a single-player game.
If it is a multiplayer game, your chances of winning will increase exponentially, which will help you win money more often.
However, if you play a single-player game such as slots, then the amount of cash that you get per hour will be less than what you would win if you were playing it with a multiplayer game.
This is why multiplayer games are more popular with people who love to gamble and consistently play the game.
Most of the online casino games are free of cost, which means that you do not have to spend a cent to play these games.
If you want to make sure that you play these games only in a safe environment, then you can opt for the ones that offer an online casino bonus and cashback.
It is important to remember that not every game that you play on the internet has the capability of allowing you to try it for free.
If you choose to play games that do not, you could miss out on earning some good money because you will have to pay to download these games and play them.
The best online mobile games are not too complex to understand, and they are simple enough for anyone to learn and master. The more straightforward and easy they are to understand, the better chances you have of winning some good money without spending a dime.
If you are interested in some games that allow you to play them without investing a dime, then you should check out the popular casino games such as slots, blackjack, roulette, and poker.
Many of the best online casino apps will allow you to play for free in a practice mode before you are comfortable to deposit actual money.
Consider reputation
While selecting the best online mobile games, you should consider the reputation of the site you are using. You can easily find this by checking the review pages of the site.
If the site has a good reputation and many positive reviews, then it is probably a good sign that you can expect that the games you will play there are also acceptable.
After identifying the sites offering good deals, you need to decide what kind of games you want to play.
For example, there are various sports and gambling games that you can choose from while playing on the internet. You should also consider the age group and the children who will be playing on these sites.
Once you have decided which games you want to play, you should carefully check out the site’s interest in keeping its users well-informed. This way, you will be able to make sure that you will have a great experience playing on their sites.
Mobile gaming sites offer some of the best deals that you can get, and you can expect to be enjoying these games without spending any money on their services.
By following the websites’ instructions, you can expect to be enjoying some of the most popular online gaming experiences in the comfort of your homes.
Choosing an app
If you want to experience the top mobile casino games in the market, you need to look for the best games available. With the variety of options available today, you have a significant number of choices.
However, choosing the right games from among them can be a bit challenging.
Before choosing the right games to play on your smartphone, it is essential that you first find out what kind of games you are interested in.
There are different types of games that people choose to play. Therefore, you need to consider how often you will be playing the games before you go ahead with it.
Once you have chosen the type of games you want to play, it is now time to figure out the right games to download and play.
Some games may give you more features than others, so you need to consider which games you will play carefully. The number of players will also help you decide which games to choose from.
When you have decided which games you want to play, you need to find the top mobile casino apps available today. You may not be able to visit every casino in the world to play games, but many websites offer these games to users all over the world.
Since there are so many websites that offer these games, you should know which games are being offered on which site to play those games easily.
One of the things that you need to keep in mind when choosing the games to play is the amount of money you would be spending each time you play the games.
Some games may require you to spend a certain amount of money every time you play them. For instance, some games ask you to purchase tokens before you can play them.
Once you have selected the games you want to play and decided how much money you are willing to pay each time, you may now proceed to the actual downloading process.
Ensure you use a safe and secure connection to the website to avoid having your computer or mobile device hacked or stolen. Also, do not sign in using your social security information or credit card information to prevent potential security risks.