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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...- LequteMan
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Business MTN Nigeria Denies Massive Sack of Call Centre Agents
Telecoms firm MTN Nigeria has denied reports that it has sacked thousands of its call centre agents. TN Executive, Amina Oyagbola, said; “The reports are incorrect. The second phase of a change-in-vendor process took place last week, offering interested workers the opportunity to join the new...- LequteMan
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Business MTN in 'Fresh Trouble' As Melaye Reveals Shocking Details
The telecommunication giant, Mobile Telecommunication Network, MTN, may be in for another trouble as Senator Dino Melaye, representing Kogi west senatorial district at the upper chamber of the National Assembly revealed shocking details. The Senate of the Federal Republic of Nigeria was on...- ProfRem
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Business MTN Launches 100% Data Bonus
MTN Nigeria has launched a campaign that rewards its subscribers with 100 per cent data bonus on any data purchased over a period of six months. The campaign tagged ‘Drop Dat Kpalasa’ is aimed at deepening internet penetration in the country as well as improving the lifestyle of customers...- ProfRem
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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...- ProfRem
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Business MTN Records First-Ever Loss After NCC Fine
South Africa’s MTN Group has reported its first-ever per-share loss as a public company, after Africa’s biggest mobile-phone operator agreed to settle a record fine in Nigeria and was hurt by weaker earnings in South Africa. The loss will be between 2.85 rand and 3.15 rand per share in the six...- ProfRem
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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...- LequteMan
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Business MTN Appoints Listing Advisers As Telecom Giant Set To Enter Nigerian Stock Market
MTN Group Limited has appointed units of Citigroup Inc. and Standard Bank Group Ltd. as advisers on a planned listing of the wireless company’s Nigeria business on the country’s local stock exchange. According to Bloomberg news, this is part of a deal struck with President Muhammadu Buhari's...- ProfRem
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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...- LequteMan
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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...- LequteMan
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Business Why MTN Nigeria's Fine was Reduced to N330bn - Communications Minister
The federal government reduced the $5.2bn fine imposed on MTN Nigeria to $1.67 (N330bn) in order to encourage foreign investors and investments into the country, the Minister of Communications, Adebayo Shittu, has revealed. According to him, the decision was taken after the Federal Economic...- LequteMan
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Business MTN Doubles Its Investment in Nigeria
Multinational telecoms company, MTN, has announced plans to double its capital spending in Nigeria in 2016. MTN says it will spend 11.1 billion rand ($726.13 million) to upgrade its network in Nigeria, according to a presentation posted on its website. This is substantially higher than its...- LequteMan
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MTN Nigeria: How To Update Your SIM Registration Details With Your BVN Number
Good news!! MTN Nigeria has introduced an easy way in which you can register your SIM just with your BVN. No more long queues, no more stress. All you need to do is to text BVN, BVN Number, Mother's maiden name to 799. Check the image below.- mrsam
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Business $3.9bn Fine: Nigeria's Telecoms Minister Sends Message to MTN
Nigerian authorities have urged MTN Nigeria to drop its legal action over a $3.9 billion fine imposed on it to help facilitate talks on a possible settlement. The Nigerian Communications Commission (NCC) had slapped a $5.2 billion fine on MTN in October for failing to disconnect users with...- LequteMan
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Business MTN Shares Rise after Court's Decision on $3.9bn Nigerian Fine
MTN shares on Friday jumped 9.2% to close at R122.99 after news that the group is seeking an out-of-court settlement with the Nigerian Communications Commission (NCC). The NCC fined MTN $5.2bn, later reduced to $3.9bn, for its failure to register subscribers as requested by the law. But MTN...- LequteMan
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