Smartphones have turn into central to how Nigerians dwell, work, and earn. What started as a communication instrument has advanced right into a supply of livelihood for tens of millions, with cell phone sellers enjoying a key function in holding the market shifting.
Studies present that Nigeria will surpass 140 million smartphone customers by the top of 2025, underlining how cellular units now drive each the economic system and on a regular basis survival.
Broadband penetration can also be on the rise, enhancing the potential for mobile-driven commerce. Nigeria’s broadband protection elevated from 44.43% on the finish of 2024 to 48.81% in Could 2025, additional supporting the digital ecosystem sellers depend on to succeed in customers and maintain their companies.
For sellers, this development represents alternative but additionally stress, because the market stays extremely delicate to foreign money swings. The 2023 CBN reforms triggered a pointy naira depreciation, making units costlier and margins tighter.
Regardless of these challenges, telephone retailing stays some of the energetic sectors within the nation. Sellers have constructed intricate distribution networks linking producers, wholesalers, and customers, permitting them to fulfill rising demand even amid financial volatility. Lagos continues to anchor this commerce, serving as the first hub for mobile-device gross sales and distribution in Nigeria.
This text spotlights 5 house owners of main telephone shops in Nigeria, unpacking the tales behind their companies and their variety of shops.
Phonemart Applied sciences specializing within the sale of cellphones, laptops, cameras, and equipment. The corporate, which operates beneath the Regal Group of Corporations, was based by Chief Nwankwo Reginald Ebere, a seasoned entrepreneur, philanthropist, and neighborhood chief.
Registered with the Nigerian Communications Fee (NCC), Phonemart Applied sciences has outlets positioned nationwide and a powerful on-line presence
Chief Nwankwo, who additionally serves as Chairman of Regal Group, was born in Eluama Lokpaukwu, Umunneochi Native Authorities Space of Abia State. He holds a Bachelor’s diploma in Accounting and an LL.B in Legislation from Abia State College, Uturu. Earlier than establishing Phonemart Applied sciences in 2008, he labored with Inland Bank (now FCMB) and Parktel Worldwide, an ICT distribution firm.
The Regal Group has advanced right into a diversified conglomerate with subsidiaries resembling Phonemart Applied sciences, Regal Cribz, Regal Granites, RegalBuyer Restricted, and Regal Units Restricted. They run quite a few bodily shops throughout Nigeria and have constructed a powerful on-line presence that draws 1000’s of consumers nationwide.
Past enterprise, Chief Nwankwo has served as a public official and neighborhood chief. He was Supervisor for Agriculture in Umunneochi LGA (2016–2018), Particular Assistant on Media to former Abia State Governor Okezie Ikpeazu (2018–2019), and later Senior Particular Assistant on Media (2019–2021).
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