MTN Archives

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

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 […]

bfatoyepdnlimited-com
16th December 2023
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149 Views

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 […]

bfatoyepdnlimited-com
12th December 2023
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191 Views

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 […]

bfatoyepdnlimited-com
12th December 2023
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174 Views

featured

Nigerians spent N2.6tn on data, airtime in nine months – Report

In the initial nine months of 2023, Nigerian telecom subscribers spent a minimum of N2.59 trillion on airtime and data, as per the financial reports of MTN Nigeria and Airtel Africa. This marked a notable surge of 32.57 percent from the N1.95 trillion generated from both sources during the same period in 2022. […]

oamudipepdnlimited-com
28th November 2023
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277 Views

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 […]

bfatoyepdnlimited-com
19th November 2023
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263 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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170 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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199 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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203 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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178 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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175 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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159 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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260 Views

World Cup set to become largest sports gambling

NGX’s all share index gains 0.6% despite Thursday

Musk crosses historic $1 trillion wealth mark after

Senate pushes capital budget timeline to September

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World Cup set to become largest sports gambling event

Naira gains against Euro, closes at ₦1573/€

NGX’s all share index gains 0.6% despite Thursday dip

Tinubu says terrorism-related deaths down by 81% since 2015

Tag: MTN

MTN Nigeria raises N72.1bn via Commercial Paper issuance

2,500 ATC towers deal still stands – MTN Nigeria

MTN, Banking stocks fuel NGX’s bullish run

Nigerians spent N2.6tn on data, airtime in nine months – Report

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

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

MTN suffers system glitch, wipes customers debt

MTN raises N52.89bn through commercial papers

How Nigeria’s economic reforms affected MTN – CEO

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

Active mobile subscriptions fall to 220.71m in August – NCC

MTN Group seeks more investors for MoMo

World Cup set to become largest sports gambling.

Naira gains against Euro, closes at ₦1573/€

NGX’s all share index gains 0.6% despite Thursday.

Tinubu says terrorism-related deaths down by 81% since.

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