Starlink increases subscription rates in Nigeria amid market realignment
Starlink, a satellite internet service owned by the American Billionaire Elon Musk, has announced a price increase of its monthly subscription in Nigeria.
Starlink has announced a price increase for its satellite internet service in Nigeria
The new price increase for monthly subscription will be effective from May 30, 2025
Existing users will see the adjustment starting from June 1, following the end of the current billing cycle in May
The announcement follows several failed attempts by Starlink to implement a price increase in Nigeria between October 1, 2024, and December 28, 2024, respectively.
The Nigerian Communications Commission (NCC) had earlier criticized the proposed hikes, deeming them a unilateral decision that contravenes the country's telecommunications pricing regulations.
However, in an email to Nigerian subscribers, the internet service provider, announced a new price increase for its monthly subscription, effective May 30, 2025.
'The monthly service price of Residential is increasing to N57,000,' the email reads.
The email stated that the price change would take immediate effect for new subscribers, while existing users would see the adjustment starting from June 1, following the end of the current billing cycle in May.
Additionally, the email noted that refunds are possible under specific conditions, with a full refund for hardware and service if returned within 30 days of purchase or a 50% refund on hardware if purchased within the past year.
Starlink and Nigeria
Starlink, the satellite internet service provided by SpaceX, officially launched in Nigeria in January 2023, marking a significant development in country's adoption of an American satellite communications services
However, Nigeria's market, marked by interest in premium internet services and sensitivity to pricing, has prompted Starlink to continually adjust its pricing model, driven in part by the volatile naira and other factors.
Starlink's Nigeria pricing has seen significant adjustments. Key plans and prices include:
Plans and Prices
Standard Residential: ₦75,000/month (previously ₦38,000/month)
Mobile Regional (Roam Unlimited): ₦167,000/month (up from ₦49,000/month)
Mobile Global Roaming: ₦717,000/month
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
AGL Energy (ASX:AGL) investors are sitting on a loss of 20% if they invested five years ago
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But even the best stock picker will only win with some selections. At this point some shareholders may be questioning their investment in AGL Energy Limited (ASX:AGL), since the last five years saw the share price fall 39%. So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. Looking back five years, both AGL Energy's share price and EPS declined; the latter at a rate of 25% per year. This fall in the EPS is worse than the 9% compound annual share price fall. So the market may previously have expected a drop, or else it expects the situation will improve. The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers). This free interactive report on AGL Energy's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for AGL Energy the TSR over the last 5 years was -20%, which is better than the share price return mentioned above. This is largely a result of its dividend payments! AGL Energy shareholders gained a total return of 8.9% during the year. But that return falls short of the market. But at least that's still a gain! Over five years the TSR has been a reduction of 4% per year, over five years. It could well be that the business is stabilizing. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Take risks, for example - AGL Energy has 4 warning signs we think you should be aware of. If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
29 minutes ago
- Yahoo
Sombre Fundamentals Suggest General Mills Stock (GIS) is Stuck in a Value Trap
Not so long ago, General Mills (GIS) stock was synonymous with safety, defensiveness, and stability. The company consistently delivered results in line with market expectations, rewarding shareholders with a generous and growing dividend. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The snacking category, once an exception among packaged food groups, seemed immune to changing eating habits and the rise of private-label brands. But things have taken a turn for the worse. Cereal and snack bar consumption has declined sharply due to growing structural headwinds, resulting in a contraction of General Mills' business. What remains solid, however, is the company's ability to generate value for shareholders above its cost of capital, which in theory still makes General Mills a defensive stock. Valuations at current levels also look attractive, offering some margin of safety. The problem is that the sustainability of these strengths is in question. When secular headwinds are at play, it doesn't matter much if fundamentals suggest a cushion or if valuations appear cheap—the stock is likely to continue drifting downward over time. That said, I see this as a potential value trap for investors hoping to be heroes with General Mills stock. For that reason, I hold a neutral view on GIS. U.S. consumers have been gradually changing their eating habits—and that's not just an opinion, it's a fact. The packaged foods sector has seen a decline in demand for snacks in recent years. A big part of this comes from the rapid rise in GLP-1 weight loss drugs and a new generation that's increasingly avoiding 'bad foods' in favor of a healthier lifestyle. Recent 2024 data shows that around 12% of American adults report having used a GLP-1 drug, with 6% currently using one. Some studies suggest that GLP-1 users significantly reduce their grocery store purchases by 6%, with a 11% drop in snack sales in the six months following adoption. This shift is already reflected in the financial results of packaged food companies, such as General Mills. Over the past three years, General Mills' revenue has grown at a CAGR of just 1.8%. While operating margins improved at a 4.9% compound annual growth rate (CAGR), free cash flow declined at an 8.7% CAGR, which is a concerning trend. In addition to these broad changes in consumer behavior, General Mills has been facing weak U.S. consumption trends due to market share losses in key categories, particularly to private-label brands from retailers such as Costco (COST) and Walmart (WMT). In its most recent earnings report, net sales totaled $4.8 billion, a 5% decline year over year, and fell short of analyst expectations. North American retail sales declined 7%, with a 6% drop in sales volume. Alongside softer demand, temporary pressures also played a role, including lower volumes in snacks and dry pet food. The pet segment declined 3% year over year, while international sales fell 4%, primarily due to foreign exchange headwinds and weaker results in key markets such as China and Brazil. As a result, General Mills revised its guidance for fiscal year 2025. The company now expects organic net sales to decline between 1.5% and 2%, compared to a previous forecast of flat to slightly positive growth (up to 1%). While General Mills' stock performance may appear underwhelming—hovering near the same levels it traded at over a decade ago—there are still compelling elements to its investment case. Despite a growth narrative that appears not just stalled but potentially in decline, the company continues to deliver strong returns on invested capital (ROIC). Over the past twelve months, General Mills generated $2.93 billion in NOPAT against $22.9 billion in invested capital, resulting in an ROIC of 12.8%. That figure aligns well with industry peers like Nestlé (NSRGY), Mondelez (MDLZ), and Kellogg's (KLG), and it comfortably exceeds the company's estimated cost of capital, highlighting efficient capital deployment even in a slow-growth environment. Assuming a cost of equity of 7.5% (given GIS's low beta and 10-year Treasury yields around 4.5%), and a 30% debt weighting, General Mills' weighted average cost of capital (WACC) would land around 6.8%. In other words, despite the recent headwinds, the company continues to create value for shareholders and allocate capital efficiently. That shows up in its dividend policy as well. General Mills currently offers a dividend yield of 4.4%, which is almost on par with the risk-free rate, all while maintaining a payout ratio of just 53%. Beyond General Mills' ability to generate returns above its cost of capital, the stock also appears attractively priced based on valuation. One particularly useful—and often underappreciated—metric for evaluating mature, capital-intensive companies like those in the consumer packaged goods sector is earnings yield, calculated as operating income divided by enterprise value. Over the past twelve months, General Mills reported $3.6 billion in operating income (EBIT) against an enterprise value of $43.5 billion, resulting in an earnings yield of 8.4%. Compared to a weighted average cost of capital (WACC) of 6.8%, this positive spread suggests the company is generating real value for shareholders—a potentially encouraging sign for long-term investors. However, the reliability of earnings yield as a valuation signal rests on the assumption that earnings will remain stable or improve. In General Mills' case, that assumption is under strain. The company recently lowered its fiscal 2025 guidance, now forecasting a 7% to 8% decline in adjusted operating profit, nearly twice the size of its earlier projections. In short, while the current valuation offers a degree of margin of safety, the growing uncertainty around future profitability raises meaningful concerns and tempers a more bullish outlook. Analyst sentiment on General Mills (GIS) remains mixed. Of the 13 analysts covering the stock, only one holds a bullish rating, ten are neutral, and one is bearish. The consensus stock price target for GIS stock is $57.67, representing an upside of approximately 6.7% over the coming year. General Mills checks many of the boxes for a classic value investment, consistently generating returns above its cost of capital while trading at what appears to be an attractive valuation. However, the company is contending with mounting structural headwinds—including evolving consumer eating habits, the rise of GLP-1 drugs, shifting retail dynamics, and increased competition from private-label brands. These challenges cast doubt on the long-term sustainability of its value creation, despite current metrics remaining solid. Given these concerns, General Mills currently leans more toward a value trap than a compelling value opportunity. Disclaimer & DisclosureReport an Issue Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
34 minutes ago
- Yahoo
FTSE 100 closes at record high as Trump's tariffs shake faith in US
Britain's main stock market index closed at an all-time high on Thursday as investors seeking refuge from America's market slump turned towards the UK. The FTSE 100 index of London's largest companies ended 0.2pc higher on Thursday at 8,834.92 points amid a backlash against Donald Trump's economic policies, which investors fear will hinder American companies' profits. The flagship British index, which had performed poorly in recent years compared with the US, is up by 8.7pc since the start of the year, beating America's S&P 500's which has risen by 2.7pc. Neil Wilson, of Saxo Bank, said: 'We have clearly seen a rotation in global equity markets as investors have for the first time in years questioned the 'Tinata' – there is no alternative to America.' He said clients were talking about 'reducing exposure to the US'. The FTSE 100's record high came as the value of the dollar plunged to a three-year low after President Trump sparked fresh fears about global trade. The US currency sank on Thursday to its lowest level since March 2022 against a group of major peers, leaving it down by nearly 10pc so far this year. Investors have turned away from the dollar after the US president said he would send out letters to countries outlining the terms of trade deals. That sent the pound to a three-year high above $1.36 and pushed the euro to close at $1.16, its highest level since 2021, as the president's comments renewed concerns that US tariffs could hit global growth. In a further sign of his mixed signals on trade, President Trump sought to calm nerves by talking up the prospects of a US-China trade agreement, following two days of talks between Washington and Beijing officials in London this week. He wrote on his Truth Social platform: 'THE CHINA DEAL IS GREAT!' He later told reporters: 'I love China. We just made a deal, and I respect President Xi a lot, and we made a deal that's good for both countries. The deal we made with China good for both countries. Going to be a lot of money made, and it's going to ultimately open up China, which is the ultimate thing.' Charu Chanana, of Saxo Bank, said: 'Markets may have no choice but to respond to Trump's tariff threat – even if it's just posturing to bring others to the table.' The dollar was also hit by a flurry of data, which suggested the global economy was beginning to show signs of strain. Britain's goods exports to the US plunged at a record pace after President Trump launched his tariff onslaught in April, official figures showed. UK exports to the United States fell by £2bn compared with the previous month, according to the Office for National Statistics, which was the largest drop since official records began in 1997. The value of goods exports to the United States during the month – totalling £4.1bn – fell to its lowest level since February 2022. The US president hit Britain with 10pc tariffs under plans announced on April 2, a date which Mr Trump had long touted as his so-called 'liberation day'. Businesses dramatically changed their investment plans in response, bringing forward orders in an effort to get ahead of higher import taxes before they were announced. Official figures showed UK manufacturing output fell by 0.9pc in April, a further drop from 0.8pc in March but a sharp reversal from a 2.4pc surge in February. This was despite the high-profile announcement by Sir Keir Starmer of a trade agreement with the US last month, which is yet to be finalised. Robert Wood, an economist at Pantheon Macroeconomics, said: 'Exports should begin to stabilise in May now that the front-running has unwound and after President Trump began walking back some of his more ruinous tariffs. 'That said, the UK-US trade deal 'agreed' in May is yet to fully come into force so there could be further export weakness still ahead.' In a further sign of strain in the US, wholesale inflation ticked higher last month. The producer price index – which measures inflation before goods hit consumers – rose by 2.6pc in May, according to the Labor Department. This was up from 2.4pc in April but in line with expectations. Separate data showed US filings for jobless benefits were unchanged last week. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.