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Phone Market Suffers Setback As Nigerians Prioritise Food Over Connectivity

Summary by Investors King
Nigeria’s smartphone market recorded a 7 percent decline in shipments during the first quarter of 2025, according to data from global research firm Canalys. This was due to rising inflation, exchange rate volatility and weakening consumer purchasing power that forced households to cut back on non-essential spending, including mobile devices. The contraction reverses the 63 […] The post Phone Market Suffers Setback as Nigerians Prioritise Food Ov…
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Investors King broke the news in on Tuesday, June 3, 2025.
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