Telecommunications firm, MTN Communications Limited has taken the Central Bank of Nigeria (CBN) and the office of the Attorney General of the Federation (AGF) to court.
The move according to the firm was in order to protect MTN Nigeria’s assets and shareholders’ rights within the confines of...
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MTN Nigeria Communications Limited has so far paid N165bn out of the N330bn imposed on it by the Nigerian Communications Commission, the Executive Vice Chairman, NCC, Prof. Umar Danbatta, has said.
Danbatta, stated this while hosting some MTN directors, who paid him a courtesy visit in Abuja on...
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Terragon Group says it is poised to expand the reach of its data and marketing technology platform with $5m investment from TLcom Capital.
The company, while announcing the conclusion of the $5m funding round, said the technology platform would be pioneered in collaboration with Nigeria’s...
MTN Nigeria raked in a whopping N127 billion from data subscription revenue for the year ended 2017. The telecoms giant revealed this in its 2017 annual report released last week. According to MTN, data revenue was R4,376 million up 89% year on year giving a naira value of about
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South Africa’s telecommunications giant MTN has bounced back to profitability as the company’s headline hit 3.3 billion rand ($278.2 million) for the 12 months ended December 2017. The company made a 1.4 billion rand loss in 2016 due to a $1 billion fine imposed on its Nigerian arm.
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The much expected initial public offering (IPO) by MTN Group for its Nigerian unit will not exceed June 2018, BusinessDay can disclose. Ahead of that target, MTN Group hopes to get all necessary approvals for the listing including that of the Securities and Exchange Commission (SEC) and Nigerian...
The major hurdle to an upcoming initial public offering (IPO) of MTN Group’s Nigerian unit has been crossed, BusinessDay can disclose. After three different Emergency General Meetings (EGM), the latest of which was held on Thursday, the group got the nod of various categories
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MTN Nigeria has paid a total of N110bn into the coffers of the government out of the N330bn imposed on it by the Nigerian Communications Commission (NCC). Executive Vice Chairman of the NCC, Prof. Umar Danbatta, said this at a workshop on Code of Corporate Governance organised
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MTN Nigeria has maintained its lead in the mobile internet space, gaining a total of 5,054,192 internet subscribers in 2017. The company started 2017 with 31 million subscribers and ended with 36 million in its kitty. Airtel, the 3rd largest, also had a good year as it added 4,366,788...
MTN Group has described 2016 as the ‘most challenging year in its 22-year history,’ while attributing the challenge to two main factors that emanated from its Nigerian operation, which was established about 17 years ago. MTN rolled out its commercial services in Nigeria in August 2001, …
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The MTN Group, Africa’s biggest mobile-network operator by sales, said it returned to profit in 2017, recovering from a $1 billion fine it paid for its Nigerian business in the prior period. It expects to report a profit for the 12 months ended December 31, Bloomberg quoted the...
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MTN has been ordered to pay a former operations manager a staggering N4.8billion Naira for wrongful dismissal in 2006.
The National Industrial Court of Nigeria (NICN), Akure Division presided over by Justice Oyejoju Oyewunmi, ordered the telecom giant to pay Mr Paul Odunewu, $13,419,728.54...
MTN Group, Africa’s biggest mobile phone operator, says it has moved away from a turbulent 2016 that highlighted the risks of the company’s emerging markets strategy to a profit-making firm.
MTN said on Thursday in Johannesburg that it’s earnings for first-half of the year had rebounded.
It...
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MTN Nigeria has revamped its MTN Pulse tariff plan. Before now, customers on the plan are charged 20k/s before being allowed a flat rate of 11k/s for calls across all networks after spending N10 daily. Now, subscribers will be charged 22k/s. This means that they will enjoy the 11k/s flat rate...
MTN Nigeria is currently in court over illegal installation of mast instituted by the office of the Attorney-General of the Federation against telecom giant in Niger state.
Niger State, is currently hearing a case of MTN Nigeria.
The case was sequel to a petition by one Mohammed Nasir Usman of...
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MTN Nigeria said it had to disengage 280 staff because it wanted to delve into full Information and Communication Technology (ICT) and digital operations.
An official who pleaded anonymity told the News Agency of Nigeria (NAN) in Lagos on Monday, that the company would inject another group of...
South African telecoms firm, MTN, on Friday sacked 280 of its employees in Nigeria, in a major job cut that affected about 15% of the company’s entire Nigerian workforce, Premium Times reports.
Those affected by the move include some 200 permanent employees and about 80 contract staff across...
MTN Nigeria has told its subscribers not to pay more than the amount printed on any of their recharge cards.
The telecommunication’s Public Relations and Protocol Manager, Mr Funso Aina, said in a statement on Friday in Lagos that MTN had not increased prices of recharge cards.
“MTN Nigeria...
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