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Tag: MTN

Business

MTN chairman blames govt failures for South Africa’s xenophobia surge

MTN Group Chairman Mcebisi Jonas has denounced the growing wave of anti-foreigner sentiment in South Africa, saying xenophobia is being driven by government failures and exploited by politicians seeking electoral advantage instead of lasting solutions. In a statement issued by the company, MTN said Jonas made the remarks while delivering a eulogy at the funeral […]

featured

LASERC flags MTN, others over unlicensed electricity operations in Lagos

The Lagos State Electricity Regulatory Commission has identified 38 companies operating in Lagos State that have failed to obtain the required licences or complete regulatory compliance processes despite repeated directives. The affected firms—including MTN, Flour Mills, Golden Penny, First Global Commerce Solutions Limited, African Steel Mills Nigeria Limited, and Lekki Port LFTZ Enterprise Limited, collectively […]

Business

MTN, SMEDAN expand digital push to close $158bn MSME financing gap

MTN Nigeria and the Small and Medium Enterprises Development Agency of Nigeria have stepped up efforts to empower as many as five million small businesses through the mySMEville platform, a digital initiative aimed at bridging the estimated $158 billion annual financing gap facing Nigeria’s micro, small and medium-sized enterprises. The organisations revealed this during a […]

MTN, Airtel generate N3.67trn data, voice revenue in 2024 H1
Business

Court orders MTN, Airtel to restore airtime borrowing services

The Federal High Court have issued interim injunctions restoring airtime lending services and blocking the enforcement of contested regulations introduced by the Federal Competition and Consumer Protection Commission. The FCCPC had rolled out the controversial Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations in 2025, triggering the legal challenge. The rulings, delivered in Lagos and […]

Business

MTN to compensate subscribers over poor network quality

MTN Nigeria has announced plans to compensate subscribers affected by poor network quality, in line with a recent directive from the Nigerian Communications Commission to mobile network operators. In a statement on Thursday, the telecom company said customers in areas where service disruptions were recorded will receive compensation covering November, December, and January. Although MTN […]

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

MTN suspends Xtratime airtime, data credit service

MTN Nigeria has temporarily suspended its airtime and data credit advance service, widely known as Xtratime. The telecom operator disclosed the development in a corporate notice filed with the Nigerian Exchange on Thursday. Xtratime enables subscribers to borrow airtime or data and repay on their next recharge, a service that has become essential for millions […]

MTN Nigeria to build infrastructure for network platform
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MTN rebounds with N1.1tn profit in 2025 financial year

MTN Nigeria has reported a profit of N1.1 trillion for the 2025 financial year, marking a sharp turnaround from the challenges faced in 2024 and reflecting a strong rebound in Nigeria’s digital economy. Speaking on Channels Television, the Chief Financial Officer of MTN Nigeria, Modupe Kadri, outlined the company’s performance, noting a 22.9 per cent […]

Telcos seek price hike, present demand to lawmakers
featured Telecommunications

Airtel, MTN back ₦70,000 4G phones to bring Nigerians online

A coalition of Africa’s largest mobile operators plans to pilot entry-level 4G smartphones in Nigeria and five other countries starting in 2026. The target retail price for these devices is about N70,000, equivalent to roughly $40 at an exchange rate of N1,400 to the dollar. The operators are betting that large-scale production combined with regulatory […]

Telecommunications

MTN, Airtel generate N3.6tn data revenue amid growing internet use

Nigeria’s top telecom operators, MTN and Airtel, generated over N3.6 trillion from data services alone, reflecting the country’s growing demand for internet connectivity. Data revenue has long surpassed voice as the primary income stream for mobile network operators, but recent financial reports show that the growth of data earnings has far outpaced that of voice […]

MTN Nigeria to build infrastructure for network platform
Business

MTN projects sharp profit turnaround with strong Nigerian, Ghanaian operations

Africa’s biggest mobile network operator, MTN Group Ltd., has forecast that its full-year earnings will more than quadruple, driven by a strong rebound in its Nigerian and Ghanaian operations. Th telecoms giant announced this in a trading statement on Monday, projecting headline earnings per share of 10.62 to 11.68 rand for the 12 months ending […]

News

Transcorp, DMO, MTN win at NGX ‘Made of Africa’ awards

Transnational Corporation Plc, the Debt Management Office, and MTN Nigeria Communications emerged as major winners at the 2025 Made of Africa Awards organised by the Nigerian Exchange Group. The awards ceremony, announced on Thursday, celebrates institutions and individuals who promote excellence and strong performance in Nigeria’s capital markets. The recognition covers brokers, issuing houses, trustees, […]

MTN Nigeria to build infrastructure for network platform
Business

Senior MTN manager buys N40.9m in company shares

MTN Nigeria Communications Plc has disclosed that its Senior Manager, Financial Operations, Olugbenga Ojeranti, acquired 81,327 shares in the company for about N40.9 million. The shares were bought at an average price of N504, as part of a wave of insider share acquisitions announced after the company released its financial results in late October 2025. […]

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