The exponential rise in mobile phone penetration within Nigeria’s urban settlements has instigated a profound shift in information consumption and societal interaction. With over 200 million active mobile phone subscriptions recorded by January 2022, the pervasive influence of mobile technology is evident, transcending socio-economic boundaries and redefining communication landscapes. This research delves into the implications of this surge, particularly focusing on its disruptive impact on traditional media channels such as print newspapers. The study aims to explore the extent to which mobile phone ownership and internet connectivity influence news consumption habits among urban residents, and how socio-economic factors play a role in these shifts. Additionally, it examines the comparative reach, audience engagement, and perceived credibility of mobile news platforms versus print newspapers, and analyzes the consequent effects on the print newspaper industry, including circulation trends and advertising revenue. The findings are anticipated to offer valuable insights for media practitioners, policymakers, and stakeholders, helping them navigate the digital disruption and adapt strategically. This research not only fills a significant gap in empirical literature but also contributes to broader discussions on media plurality, democratic discourse, and information access in the context of rapid urbanization and technological advancements in Nigeria.