mtn

  1. Lequte

    Business Why We Flouted Nigerian Law in Moving $14bn out of Nigeria - MTN CEO Explains

    Chief Executive Officer (CEO) of MTN Nigeria, Ferdi Moolman, has issued a statement in reply to the grave accusations leveled against the firm by Nigerian Sen. Dino Melaye. Dino had alleged that MTN had illegally moved $13.9bn out of Nigeria in the last 10 years. MTN outsmarted the Nigerian...
  2. Lequte

    Business MTN Depreciates After Dino Melaye's $14bn Accusation

    The shares of MTN, Africa's largest telecoms firm, on Thursday hit a six-year low following an accusation leveled against it by Nigerian Senator Dino Melaye. The stock declined 2.3 percent to 107.50 rand at the end of business in Johannesburg, its lowest value since July 2010. Dino Melaye...
  3. RemmyAlex

    Business Nigerian Senate Summons MTN Over $13.9bn Transfer

    Nigerian Senate on Thursday summoned the management of MTN Limited, their bankers and some businessmen over alleged violation of the Foreign Exchange (Monitoring and Miscellaneous) Act. They are to appear before the Senate Committee on Banking, Insurance and Other Financial Institutions next...
  4. Lequte

    Business NCC Approves Transfer of Visafone Shares to MTN

    The Nigeria Communications Commission, on Tuesday announced that it has approved a request by Visafone to transfer its shares to MTN following its takeover by the South African firm. "The NCC, in line with its procedure granted a Final-Approval to Visafone for the change in its shareholding...
  5. Jules

    Politics Melaye Indicts Buhari's Minister of Trade in MTN's $13.92Bn Money Laundering Scheme

    Senate Dino Melaye today linked President Muhammadu Buhari's Minister of Trade and Investment, Okechukwu Enelamah to a $13.9 billion money laundering. Making the allegations, Melaye said, "The senate notes with serious concern the repatriation of $13.92bn illegally out of Nigeria by Mobile...
  6. RemmyAlex

    Business NCC Sends Final Warning To MTN, Airtel, Glo, Etisalat Over Unsolicited Messages

    The Nigerian Communications Commission (NCC) has issued final warning to Global System for Mobile communication (GSM) operators, especially the quartet of MTN, Globacom, Airtel and Etisalat, to halt forthwith unsolicited messages (SMS) to subscribers. The regulator noted that despite its...
  7. RemmyAlex

    Business NCC May Go After MTN, Etisalat Over Sim Registration

    The Nigerian Communications Commission on Tuesday raided some strategic locations in the Federal Capital Territory where active preregistered SIM cards were being sold by agents of mobile telecommunications operators. The Assistant Director, Enforcement, Mr. Salisu Abdu, told reporters after...
  8. Lequte

    Business MTN Expects $1bn From Nigerian IPO

    South African teleco, MTN Group, expects to raise about $1 billion from the listing of its shares on the Nigerian Stock Exchange, NSE. MTN, according to Bloomberg, plans to sell a small portion of its Nigerian unit. The Johannesburg-based firm owns 78.8 percent of MTN Nigeria. Other...
  9. K

    Entertainment MTN Suspends Tiwa Savage, Falz, Other Celebrities

    Leading telecommunications company MTN has suspended the ambassadorship of many of their ambassadors. As exclusively reported by Linda Ikeji’s blog, the company has suspended Project Fame ambassadors including Iyanya, Praiz and Chidinma. Celebrities like Tiwa Savage, Falz, Skales, Tekno...
  10. Lequte

    Business MTN Begins 4G LTE Services in Nigeria

    MTN Nigeria, via Visafone, has started test-running 4G LTE network services in the country. In a statement released on Thursday, MTN said the roll-out would help provide superior high-speed internet services in major cities to empower Nigerians with the latest mobile broadband technology. The...
  11. RemmyAlex

    Business 2016 Comprehensive Data Plans For MTN, Glo, Airtel, Etisalat

    Here is a comprehensive data plan for all networks in Nigeria. AIRTEL DATA PLAN 30MB For #100 : valid for 24hours. Dial *410# to subscribe 50MB for #200 : valid for 2 days. Dial *412# 80MB for #300 : This plan is valid for 7 days (1 week) , Dial *417# 500MB for #500 : valid for 14days...
  12. Jules

    Entertainment D'Banj Confirms New Deal With MTN

    D’banj has confirmed his new deal with MTN. TheNet reports that D’banj and MTN are partnering with BOI (Bank Of Industry) to pioneer a new service called ‘The Cream Platform’.
  13. Samguine

    MTN Do-Not-Disturb: How To Stop Promotional Messages On MTN

    The NCC has mandated all operators in Nigeria to introduce a Do-Not-Disturb (DND) service to all customers, effective from today July 1, 2016. The Do-Not-Disturb service allows MTN customers to opt out of receiving promotional messages for 3rd Party services (Bulk SMS, VAS promos, etc) WHAT...
  14. Lequte

    Business How MTN 'Slashed' Its Nigerian Fine From $3.9bn to $1.6bn- Reuters

    Telecoms firm MTN hired former U.S. Attorney General Eric Holder in January to help it reduce a $3.9 billion fine imposed in Nigeria over unregistered SIM cards. Five months later, it struck a deal to pay less than half of that. The entrance of Holder, who stood down as attorney general last...
  15. RemmyAlex

    Business MTN Pays Another N30bn Out of N330Bn NCC Fine

    Telecommunications firm, MTN has said it has paid additional N30 billion to the Nigerian Communications Commission (NCC) as part of the N330 billion fine slammed on it for contravening regulatory orders in the country. The new N30 billion now increases the payment made by the South African firm...
  16. Lequte

    Business MTN Nigeria Promises Massive Improvements in Services after Securing 2.6GHz Spectrum License

    Multinational telecoms giants, MTN, have secured license for a 2.6GHz spectrum in Nigeria after a transparent bidding process involving both local and foreign players. The license will be valid for the next 10 years. "With the 2.6 GHz band, we expect to roll out and provide the full range of...
  17. RemmyAlex

    Business Senate Summons Buhari's Ministers, CBN Governor Over Reduction in MTN Fine

    The Senate, on Thursday, summoned the governor of Central Bank of Nigeria, Godwin Emefiele, Minister of Communications, Adebayo Shittu, and Minister of Justice, Abubakar Malami, over the reduction of the fine imposed on telecommunications company, MTN. The Nigerian Communications Commission...
  18. Lequte

    Business Rob Shuter Appointed New CEO of MTN Group

    African multinational telecoms company, MTN Group has announced the appointment of Rob Shuter as its new Group President and Chief Executive Officer. MTN said it appointed Rob after it completed a review of its governance and management structures. Rob may commence as soon as it is...
  19. Lequte

    Business MTN Shares Soar After Agreement With Nigerian Government

    The shares of African telecoms giant, MTN, has risen after the firm agreed to pay a fine meted out to it by the Nigerian Communications Commission, NCC. MTN's shares had fallen following NCC's imposition of a $5.2bn fine on it in October 2015 for failing to disconnect unregistered lines...
  20. Lequte

    Business MTN Makes 4 Agreements With NCC About its Operations in Nigeria

    Telecom giants, MTN Group, and the Nigerian government have arrived at an agreement after six months of negotiations. The Nigerian Communications COmmission, NCC, had fined MTN $5.2bn in 2015 for failing to disconnect unregistered numbers on its network. A lot has happened since then and on...
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