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7 Essential tips to cut digital data costs in Nigeria

Published

Wednesday, 9 April 2025, 6:56 pm

Contents

1) Use wi-fi whenever possible 2) Monitor data usage and set limits 3) Optimise streaming and downloads 4) Use data-saving browsers and apps 5) Take advantage of night or bonus data plans 6) Disable auto-updates and background apps 7) Compare and choose cost-effective data plans

From social media usage to business operations, internet access is essential for communication, education, and economic activities. However, frequent data consumption can strain personal and household budgets. By adopting smart data management techniques and exploring cost-effective alternatives, Nigerians can maximize their internet usage while reducing expenses.

Below are 7 key tips to help manage digital data costs efficiently.

1) Use wi-fi whenever possible

Taking advantage of free or affordable Wi-Fi connections at home, work, or public locations can significantly cut down on mobile data expenses. Many businesses, cafes, and co-working spaces provide complimentary internet access, allowing users to browse, download, or update apps without using mobile data.

2) Monitor data usage and set limits

Many smartphones and mobile network providers offer features to track data consumption. Setting daily or monthly data limits prevents unnecessary usage and helps users stay within their budget. Apps like Google Datally and built-in phone settings allow users to manage background data usage efficiently.

ALSO READ: 10 tips to make your data last longer

3) Optimise streaming and downloads

Streaming videos and music consumes a significant amount of data. Reducing video resolution on platforms like YouTube and Netflix, using offline download options, and enabling data-saving modes on streaming apps can help reduce consumption.

4) Use data-saving browsers and apps

Some browsers, such as Opera Mini and Google Chrome’s Lite mode, compress web pages, reducing data consumption. Social media apps also offer data-saving settings, allowing users to browse efficiently without depleting their data plans quickly.

EXPLORE: MTN vs Airtel 5G Router: Which is Better?

5) Take advantage of night or bonus data plans

Many mobile networks in Nigeria offer discounted data bundles during off-peak hours or as bonuses for certain purchases. By scheduling downloads, software updates, and large file transfers during these periods, users can save on regular data costs.

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6) Disable auto-updates and background apps

Automatic app updates and background data usage can consume data without users realizing it. Adjusting phone settings to update apps only over Wi-Fi and disabling background data for non-essential apps can help minimise unnecessary consumption.

7) Compare and choose cost-effective data plans

Different mobile networks offer various data bundles, and prices fluctuate based on promotions and customer plans. Comparing options across providers and selecting bundles that offer more value for money can make a significant difference in reducing internet expenses.

By implementing these strategies, Nigerians can effectively reduce digital data costs while staying connected for work, education, and entertainment. Smart data management helps individuals save money and also ensures more efficient use of available internet resources.

RECOMMENDED: 9 Ways to Reduce Data Consumption On Your Mobile Phone

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Business

Nigeria bids to host 2030 Commonwealth Games

Published

49 minutes ago

April 9, 2025

John

Nigeria has declared its intention to host the 2030 Commonwealth Games, with the Nigerian Olympic Committee (NOC) confirming that it

Contents

read more Nigeria bids to host 2030 Commonwealth Games

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Business

Latest Forex News Every Nigerian Trader Should Follow

Published

4 hours ago

April 9, 2025

John

Contents

Naira’s Fluctuations and Central Bank Interventions Dangote Refinery’s Currency Policy Shift MTN Group’s Financial Performance Amid Naira Devaluation Pan-African Currency Market Initiative Strategies for Navigating Forex Market Volatility Final Thoughts

As of March 24, 2025, the Nigerian forex market is experiencing major developments that are shaping trading strategies and economic outlooks. Nigerian traders should stay informed about these important events to navigate the fluctuating environment effectively.

Naira’s Fluctuations and Central Bank Interventions

In the latest forex news, the Nigerian naira has faced notable volatility in recent weeks. At the official window, the naira depreciated by 1.25% week-on-week, settling at 1,536.89/$ as of Friday.

In response, the Central Bank of Nigeria (CBN) has implemented strategic interventions to stabilize the currency. These measures include injecting $360 million into the forex market through authorized dealers, aiming to mitigate depreciation risks and maintain exchange rate stability.

Also, the CBN has introduced an electronic FX matching system to enhance transparency and efficiency in forex transactions.

Dangote Refinery’s Currency Policy Shift

A major development impacting the forex news is the Dangote Petroleum Refinery’s decision to temporarily suspend fuel sales in the local naira currency. This move addresses the mismatch between sales in naira and crude oil purchases in dollars.

The 650,000-barrel-per-day refinery’s shift to dollar transactions may lead to increased petrol prices and heightened demand for foreign exchange among local fuel traders.

This policy change underscores the challenges businesses face amid currency fluctuations and foreign exchange constraints.

MTN Group’s Financial Performance Amid Naira Devaluation

The telecom sector has also felt the impact of currency volatility. MTN Group, Africa’s largest telecom operator, reported a 69% decline in full-year earnings, primarily due to the devaluation of the naira and operational challenges in Sudan.

The company’s headline earnings per share fell to 98 cents from 315 cents in the previous year, highlighting the broader economic implications of currency instability on corporate performance.

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Pan-African Currency Market Initiative

On a continental scale, the Pan-African Payments and Settlement System (PAPSS) is set to launch an African currency market platform later this year.

Supported by 15 central banks, this initiative aims to facilitate direct exchanges of local currencies for cross-border trade, reducing reliance on intermediary currencies like the US dollar.

For Nigerian traders, this development could open new avenues for regional commerce and potentially ease some foreign exchange pressures.

Strategies for Navigating Forex Market Volatility

Given the current market dynamics, forex traders are advised to adopt strong risk management strategies. The Association of Bureaux De Change Operators of Nigeria (ABCON) suggests measures such as unifying exchange rates, increasing transparency, and increasing liquidity in the forex market.

Traders should stay informed about regulatory changes and leverage technological advancements to navigate the complexities of the forex landscape effectively.

Final Thoughts

The Nigerian forex market is undergoing major transformations influenced by currency fluctuations, policy shifts, and regional initiatives.

For traders, staying abreast of these developments is crucial for making informed decisions and mitigating risks. Engaging with reliable news sources, understanding central bank policies, and adopting adaptive trading strategies will be essential to profiting in the evolving forex environment in Nigeria.

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