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Tag: MTN

NCC orders MTN to disconnect Globacom amid interconnect debt dispute
Telecommunications

NCC orders MTN to disconnect Globacom amid interconnect debt dispute

The Nigerian Communications Commission has authorized MTN to disconnect Globacom partially due to the former’s failure to pay interconnect debt. According to Nairametrics, Globacom subscribers will be unable to make calls to any MTN number as a result of the partial disconnection. Glo consumers, however, can receive inbound calls from MTN customers. The NCC made the announcement […]

Starlink raises hardware costs in Nigeria by 112%
Banking

MTN to partner Starlink, expand service in Nigeria, others

The Pan-African telecommunications business, MTN, has stated that it is in talks with numerous satellite service providers, including Elon Musk’s Starlink, in order to expand its services to underserved areas throughout its operational market. The business specifically stated that there is a continuing collaboration with SpaceX’s Starlink, with enterprise-grade trials currently happening in Rwanda and Nigeria. MTN […]

MTN MoMo PSB’s active wallet surges to 5.3 million in 2023
Business

MTN Nigeria raises N72.1bn via Commercial Paper issuance

MTN Nigeria Communications Plc has concluded series 10 commercial paper issue as part of its expanded N250 billion commercial paper issuance strategy. According to The Times, this was included in the company’s notification to the investing public and Nigerian Exchange Limited. The telecom giant claimed in a statement signed by Company Secretary, Uto Ukpanah that it […]

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

2,500 ATC towers deal still stands – MTN Nigeria

Technology company, MTN Nigeria, has announced that it has no intention of changing its mind about leasing 2,500 of its tower sites to ATC. According to The Times, this was said by MTN in a statement released on Tuesday in response to a Reuters story that claimed IHS, the previous tower contractor, was going to present […]

MTN, Banking stocks fuel NGX's bullish run
Business

MTN, Banking stocks fuel NGX’s bullish run

This week’s first trading day saw investors gain N70 billion, which gave the Nigerian Exchange Limited a positive start. The Punch reported that the stocks of AccessCorp, United Bank for Africa, Zenith Bank, First Bank of Nigeria Holdings, and MTN Nigeria were the main drivers of the local exchange’s trend. The value added to the market […]

MTN internet subscription declines over NIN-SIM linkage
Telecommunications

MTN re-examines tower contracts over fuel, foreign exchange expense

MTN Nigeria is currently renegotiating periodic reviews of the company’s tower contracts. The Punch reported that the company pointed out that these contract renegotiations are critical to lessening the effects of increasing energy prices and FX liberalization. The company made this announcement in light of the recent tower contracts it awarded to ATC and the upcoming […]

MTN confirms cyberattack, says core systems remain unaffected
News Tech

MTN suffers system glitch, wipes customers debt

A system glitch in MTN’s system structure has led to the payment of loans owed by subscribers of the network in the early hours of Saturday. Nonetheless, the subscribers are already celebrating and expressing gratitude to the corporation since they think the telecom operator purposefully cancelled their loans. However, MTN in response to users who […]

MTN seeks additional payment licenses for MoMo
News

MTN raises N52.89bn through commercial papers

  MTN Nigeria successfully raised N52.89 billion through its Series 8 & 9 Commercial Paper issuance, part of its N250 billion Commercial Paper Issuance Programme. The completion of the CPs was disclosed in a filing with the Nigerian Exchange Limited after last Thursday’s announcement. The fully subscribed offer included 182-day commercial papers with a 14% […]

How Nigeria's economic reforms affected MTN - CEO
News

How Nigeria’s economic reforms affected MTN – CEO

By Christian George   The Chief Executive Officer of MTN, Ralph Mupita, said that the economic reforms in Nigeria are a shock to the company. The telecom boss, in an interview on Bloomberg Television aired on Thursday, stressed that it might take the company more time to recover from the pain. He expressed optimism that […]

NGX Group reports N5.2bn after tax
featured

MTN, Flour Mills, others cut NGX market valuation by N67bn

The market’s reaction to the Supreme Court’s ruling on the 2023 general election cases has resulted in a N67 billion decline in the market capitalization of the Nigerian Exchange Limited. According to The Punch, this was the local stock exchange’s second day in a row with negative trading. Depreciation in the share values of MTN Nigeria (-0.40 percent), […]