Despite paying the N330 billion fine imposed on it for its failure to comply with regulatory directives in 2013, MTN Nigeria still has one issue to resolve over the matter, the Federal Inland Revenue Service (FIRS) Chairman, Tunde Fowler, has said.
The South African telecoms firm’s Nigeria …...
The management of MTN Nigeria Communications Plc has confirmed securing an approval from the Central Bank of Nigeria (CBN) to offer financial services to millions of residents of the country.
A statement signed by its scribe, Uto Ukpanah, on Wednesday, July 31, 2019, said the licence …
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Following heavy price losses suffered by most blue-chip stocks, easpecially MTN, and Dangote Cement, transactions on the Nigerian Stock Exchange….
The post MTN, Dangote Cement, others lead market N303b losses appeared first on The Guardian Nigeria News – Nigeria and World …
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Last week, MTN Group Limited, Africa’s largest mobile phone company, listed its Nigerian unit on the Nigerian Stock Exchange. MTN Nigeria is the market leader in the mobile telecom space in Africa’s most populous country, with more than 67 million customers at the end of last year, according to...
Going public on Thursday, MTN Nigeria has brought itself under the scrutiny of the investing public; all its progress and otherwise will now be subject to the corporate governance laws of the Nigerian Stock Exchange.
In line with this, the press also has a duty to monitor how transparent or...
The Nigerian government and mobile telecommunications firm, MTN, have reached an out-court-settlement in a suit filed by government lawyers accusing the company of illegally repatriating $8.1 billion out of the country, lawyers told a federal court Thursday. The Central Bank of Nigeria had...
Do you think marathons are for adults alone? Well no! The Lagos Kids Mini-marathon made a return this weekend and it was exciting to be part of it!
St Saviour’s School Endowment Fund supported by MTN Nigeria made it possible for the second time. The Marathon, which …
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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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