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NigComSat Posts Threefold Revenue Jump Despite US$11.4m Chinese Debt Crisis
April 12, 2026
Posted 2 days ago by
NewsGhana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/nigcomsat-posts-threefold-revenue-jump-despite-us11-4m-chinese-debt-crisis/Nigeria’s state-owned satellite operator has reported a sharp rise in earnings, even as an unresolved multimillion-dollar debt to its Chinese technical partner puts the country’s only working communications satellite under threat.
The Nigerian Communications Satellite Limited (NigComSat) recorded revenue of approximately N2.2 billion (US1.6 million) in 2025, up from N650 million (US470,854) in 2024, according [] NewsGhana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/nigcomsat-posts-threefold-revenue-jump-despite-us11-4m-chinese-debt-crisis/
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