Nigeria dropped a $2 billion claim for back taxes against MTN Group, ending a 16-month long battle between Africa’s largest wireless carrier and legal authorities in its biggest market.
The company, which disputed the claim from the start, had struggled to convince investors it could get the...
On Monday, 1 July 2019, Telkom confirmed that it has made the move to switch roaming from MTN to Vodacom.
This comes after the network provider announced last year that it would not be renewing its contract with …
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The Nigerian Communications Commission (NCC) has published the latest internet users statistics for Nigeria. According to the telecom regulatory body, Nigeria now has 119,506,430 Internet users split among the...
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outh African telecoms giant MTN has paid more than three-quarters of a record $1.5-billion dollar fine levelled by Nigeria for failing to disconnect unregistered subscribers, the government said late Tuesday. Africa’s biggest wireless operator…
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The possible reasons why the owners of Jumia are considering the New York Stock Exchange for its IPO instead of an African alternative.....
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Nigerian Deposit Money Banks (DMBs), according to industry sources, are nervous following the recent announcement by telco giant, MTN of its readiness to apply for a Payment Service Bank (PSB) licence and launch mobile banking in Nigeria by the second quarter of next year......
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Participants had the opportunity to sit down and ask questions of …
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The MTN Group, Africa’s largest wireless carrier, increased sales from operations by 10 per cent from a year earlier and added 2.5 million subscribers in the third quarter despite regulatory pressures in its largest markets that have wiped out more than two-thirds of the …
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Nigeria Softens on MTN as It Seeks to End $8 Billion Dispute Bloomberg UPDATE 1-Nigeria’s cbank says ...
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Nigerian officials like to tell a story about the telecoms revolution that began in Nigeria in 2001. It involves how …
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In case you have been out of the loop recently, you may have missed out on the saga involving the Central Bank of Nigeria (CBN), MTN, and a couple of banks. According to the CBN, MTN in collusion with...
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Following the receipt of the letter from the Central Bank of Nigeria on foreign exchange repatriation, MTN Nigeria has on Tuesday provided an update on the company’s position on the issue.
In a statement by Mr. Funso Aina, PR Manager, MTN Nigeria, the telecoms...
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The Central Bank of Nigeria (CBN), yesterday, gave details of how MTN Nigeria Limited and four banks perpetrated the $8.13 billion illegal transactions, using false information and deliberate disregard for the rules....
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Nairametrics As the conversation continues about the CBN order requiring MTN to …
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The Central Bank of Nigeria has ordered the Management of MTN Nigeria Communications Limited to immediately refund the sum of $8billion illegally repatriated by the telecoms company to the coffers of the apex bank.....
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MTN Ghana has raised 1.1 billion cedis (about $236 million) as the wireless carrier announced the successful completion of its Initial Public Offer on the country's stock exchange.
According to the sale's prospectus seen by...
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MTN Nigeria says all dividends it paid to its shareholders between 2007 and 2015 were approved by the Central Bank of Nigeria (CBN).
The telco was reacting to the claim by the...
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The Central Bank of Nigeria (CBN) on Wednesday wielded the big stick on mobile telecom firm, MTN Nigeria Communications Limited, and four commercial banks for alleged financial infractions....
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MTN Nigeria CEO, Ferdie Moolman Africa’s biggest network operator by subscriber base …
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