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Tag: MTN Nigeria

Business

MTN launches initiative to address subscribers’ complaints over data

Telecommunications giant MTN Nigeria has launched a public engagement initiative aimed at addressing recurring concerns from subscribers over data consumption and billing practices. Speaking at a forum tagged “Data on Trial” held in Lagos on Saturday, the company’s Chief Corporate Services and Sustainability Officer, Tobe Okigbo, said the exercise was designed to provide transparency and […]

Business

MTN shareholders approve ₦167.9m remuneration for chairman Ndukwe

Shareholders of MTN Nigeria have approved a new remuneration package for the company’s non-executive directors, with Chairman Ernest Ndukwe set to earn N167.9 million for the 2025 financial year. Nairametrics reported that the company disclosed this on Thursday in a corporate disclosure published by the NGX. The resolution was passed during the company’s Annual General […]

MTN Nigeria Chief Executive Officer, Karl Toriola reaffirmed the company's commitment to increasing affordability and accessibility of mobile phones in Nigeria.
Telecommunications

MTN leads as telcos battle for data network supremacy — Report

Nigeria’s telecom operators are entering a new phase of competition, where the fight for the last million subscribers is giving way to a deeper battle for data supremacy, network quality, and infrastructure scale. With active subscriptions hitting 185.5 million as of March 2026 and teledensity at 85.67 per cent, the market is approaching saturation. But […]

MTN Nigeria profits surges ahead of Q1 results amid profitability hopes
Business

MTN Nigeria to sell 60% MoMo, Y’ello stake for ₦152bn

MTN Nigeria Communications Plc has announced plans to sell a 60 per cent stake in its fintech subsidiaries, MoMo Payment Service Bank and Y’ello Digital Financial Services, to MTN Group in a N152.06 billion transaction. This was disclosed in an FAQ issued to shareholders ahead of the company’s Annual General Meeting scheduled to hold on […]

Loan apps: FCCPC to address rising debt with new policy
News

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
Business featured

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
News

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
News

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
News

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
News

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
featured News

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 […]

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