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Tag: MTN Nigeria

Loan apps: FCCPC to address rising debt with new policy
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Court strikes out FCCPC criminal charge against MTN executives

The Federal High Court in Abuja on Thursday struck out the criminal charge filed by the Federal Competition and Consumer Protection Commission against MTN Nigeria Communications Plc and its top officials. Justice Hauwa Yilwa struck out the suit in a ruling, following an application for the withdrawal of the case by FCCPC’s lawyer, I. O. […]

MTN internet subscription declines over NIN-SIM linkage
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MTN Nigeria to invest N1trn in network upgrade

MTN Nigeria will invest about N1 trillion in 2025 to upgrade its network and expand service capacity nationwide, Chief Executive Officer Karl Toriola said on Thursday. Toriola told journalists that despite harsh macroeconomic conditions in 2024, the company remains committed to enhancing customer experience. He said MTN tracks quality of service daily using independent benchmarks […]

MTN Nigeria to build infrastructure for network platform
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MTN Nigeria to build infrastructure for network platform

MTN Nigeria is doubling down on infrastructure investments as it looks to evolve from a traditional mobile service provider into a wholesale network platform for other operators—a strategic shift aimed at unlocking new revenue streams beyond regular customer subscriptions. The telecom giant, which operates over 24,300 tower sites and an expansive fibre backbone across Nigeria, […]

MTN Nigeria enters cloud market with $100m data centre launch
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MTN Nigeria enters cloud market with $100m data centre launch

MTN Nigeria has completed the first phase of its $235 million Dabengwa Sifiso Data Centre, marking its official entry into Nigeria’s commercial data hosting and cloud services sector. The newly launched Phase 1 of the Tier III facility features a 4.5MW IT load, spans three floors, houses 780 server racks, and cost $100 million to […]

9mobile loses over 300,000 subscribers as roaming deal with MTN faces delays
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9mobile loses over 300,000 subscribers as roaming deal with MTN faces delays

Embattled telecom operator 9mobile continues to shed subscribers at an alarming rate, as regulatory delays stall a crucial national roaming deal with industry giant MTN Nigeria. According to new data from the Nigerian Communications Commission, 9mobile lost 318,825 subscribers between February and March 2025, reducing its customer base to just 2.96 million. The drop has […]

MTN Nigeria plans public offer to sell 11% stake
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MTN Nigeria plans public offer to sell 11% stake

MTN Group has announced plans to reduce its stake in MTN Nigeria through a public offer once the subsidiary returns to profitability. The move aligns with the company’s longstanding strategy to broaden local ownership in its most lucrative market. Speaking at an editors’ roundtable this week, MTN Group President and CEO Ralph Mupita confirmed the […]

MTN winds down BEE scheme, pay out modest returns to investors
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MTN Nigeria loses top earner spot after ₦400.4bn loss

MTN Nigeria has lost its position as the highest-earning subsidiary of the MTN Group, following a post-tax loss of ₦400.4 billion ($260.2 million) in 2024 for the first time since 2019. The Nigerian unit fell behind the West and Central Africa region and South Africa in revenue rankings, marking a significant shift in the telecom […]

MTN winds down BEE scheme, pay out modest returns to investors
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MTN Nigeria’s share price soars after telecom tariff hike

MTN Nigeria’s share price surged by 9.87% on Tuesday, closing at ₦256, following regulatory approval of a 50% increase in telecom tariffs. This marks the company’s highest share price since March 2024, when it traded at ₦267.80. The price jump reflects renewed investor confidence in MTN’s profitability prospects after enduring two years of financial losses. […]

MTN winds down BEE scheme, pay out modest returns to investors
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MTN Nigeria leads 5G speed after $120m investment

MTN Nigeria has emerged as the leader in internet speeds across West and Central Africa, with the latest Ookla Speedtest Intelligence data revealing that the telecom giant now boasts the fastest download and upload speeds in the region. This achievement follows an investment of over $120 million into its 5G network infrastructure. In the second […]

MTN Nigeria plans public offer to sell 11% stake
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MTN Nigeria switches to eco-friendly paper-based SIM cards

MTN Nigeria announced on Friday the launch of paper-based biodegradable eco-friendly SIM cards, aligning with its Project Zero initiative aimed at reducing greenhouse gas emissions and achieving net-zero emissions by 2040. The company stated that these biodegradable SIM cards are environmentally safer, supporting product lifecycle management in a way that promotes circularity and reduces waste, […]

MTN Nigeria plans public offer to sell 11% stake
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Osun govt, MTN bicker over alleged unpaid N1bn right-of-way

The Osun State government and tech giant, MTN Nigeria are presently embroiled in a dispute over an alleged unpaid Right of Way (RoW) charge and penalty totaling more than N1 billion. According to the documents, the Osun State Government is requesting that the tech company pay N945 million in RoW fees for 270 kilometers of […]

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