MTN Archives

MTN internet subscription declines over NIN-SIM linkage

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 […]

bfatoyepdnlimited-com
19th November 2023
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243 Views

featured

Dangote, MTN, others suffer N918.1bn loss on currency revaluation

Eight companies have reported a total currency revaluation loss of N918.1 billion due to a 68.55 percent depreciation of the naira against the dollar by the end of September 2023. After the Central Bank of Nigeria’s decision in June to let the market determine the local currency’s value, the naira slid from […]

oamudipepdnlimited-com
13th November 2023
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135 Views

MTN winds down BEE scheme, pay out modest returns to investors

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 […]

aomenyepdnlimited-com
11th November 2023
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172 Views

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% […]

oamudipepdnlimited-com
9th November 2023
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185 Views

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 […]

aomenyepdnlimited-com
9th November 2023
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161 Views

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), […]

bfatoyepdnlimited-com
27th October 2023
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157 Views

NCC dismisses rumors of telecom tariff increase

Telecommunications

Active mobile subscriptions fall to 220.71m in August – NCC

The number of active mobile subscriptions in Nigeria declined slightly by 0.07% to 220.71 million in August 2023 from 220.86 million in July 2023, according to new industry data from the Nigerian Communications Commission. The Times reported that this suggests that in August, the number of mobile subscribers in the country fell by 145,026. This […]

bfatoyepdnlimited-com
24th October 2023
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143 Views

Investment

MTN Group seeks more investors for MoMo

MTN Group has unveiled a bold plan to enlist three additional investors for its fintech arm, MoMo. This revelation came on the heels of a significant development in the telecom giant’s playbook – a groundbreaking deal with payments processor Mastercard, securing a minority stake in MoMo. The financial prowess of MoMo has been underlined by […]

jonuorahpdnlimited-com
15th August 2023
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226 Views

European retailers urge EU to tackle high Visa, Mastercard fees

News Tech

Mastercard to buy minority stake in MTN’s Momo

Global leader payment solutions provider, Mastercard Inc. has agreed to acquire a minority stake in the fintech unit of MTN Group, valued at $5.2 billion. “Signing of the definitive investment agreements is expected to occur in the very near term,” MTN Chief Executive Officer Ralph Mupita said in a statement on Monday. Over 46 million […]

aomenyepdnlimited-com
14th August 2023
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208 Views

Business

MTN launches 5G in Uganda

Alex Omenye Foremost telecommunications, MTN has launched its 5G network in Uganda. The first 5G network in East Africa was launched on Friday by the telecom company MTN Uganda, a branch of the MTN Group in South Africa. With almost 15 million subscribers, MTN has Uganda’s largest customer base. It mostly contends with a Bharti […]

bfatoyepdnlimited-com
28th July 2023
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276 Views

Telecommunications

MTN to invest $3.5bn in Nigeria’s economy

The MTN Chief, Mcebisi Jonas, has revealed that the company plans to invest $3.5 billion in the Nigerian economy over the next five years. He made this known during the meeting at the State House in Abuja where the president of Nigeria, Bola Tinubu, reassured investors in the telecoms industry of his administration’s resolve to remove barriers […]

bfatoyepdnlimited-com
8th July 2023
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179 Views

Business

PHOTOS: Tinubu receives MTN chair, NCC boss at Aso Villa

President Bola Tinubu met with the Executive Vice Chairman of the Nigerian Communications Commission, Dr. Umar Garba Danbatta, and the Group Chairman of MTN, Mr. Jonas Mcebisi, who was accompanied by his team. The meeting took place on Friday in the State House in Abuja, with negotiations taking place behind closed doors. MTN is one of Nigeria’s top […]

bfatoyepdnlimited-com
7th July 2023
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197 Views

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