Starlink had the 4th highest active subscribers among Nigeria’s ISPs as of Q3 2023, 8 months after launch
As of the end of September 2023, Starlink Nigeria had amassed a customer base of 11,207 active subscribers, growing 66% from 6,756 in June. It placed 4th in the market after Spectranet (113,747), Tizeti Network (19,126), and ipNX Nigeria (14,871).
Cards were the most involved in fraud, with ₦14.3 billion representing the most significant exposure among all transaction channels
Card transactions also had the highest number of cases (11,972), indicating widespread and frequent attacks
Actual losses on cards were 11.5% (₦1.6 billion) of the amount involved, showing that significant financial damage still occurs despite preventive systems
Cash fraud accounted for ₦6.8 bn in exposure, nearly half of the card channel’s total
Cash also recorded 12.3% (₦800 million) in actual losses
Cheques had the lowest fraud involvement (₦1.2 billion) and only 46 cases, but the highest actual loss rate (72.7%)