Nigeria’s decision to order South African telecoms giant MTN to repay billions of dollars that it had allegedly illegally repatriated over a period of eight years could sour investor sentiment towards the country as it still struggles to recover from a deep recession two years ago, analysts say. In a shock announcement last Wednesday, the […]
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.Slams N5.87bn fines on StanChart, Stanbic IBTC, Citi, Diamond Banks While still struggling to pay the fines imposed on it over its last infraction (sale of pre-registered sim cards in the country), telecommunications giant, MTN Nigeria, has yet entered into another troubled waters. This followed the Central Bank of Nigeria (CBN), directive to the company […]
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MTN Nigeria on Wednesday signed a seven-year ₦200 billion medium-term loan facility with a consortium of 12 banks, with FBN Quest acting as the facility agent. The telecommunication company said the credit facility would allow it to fund its capital expenditure, roll out infrastructure and extend its reach to rural communities. According to the company, […]
Read More The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has said that MTN must list on Nigerian Stock Exchange on or before May 2019 as contained in the agreement over the 2015 fine settlement between it and the telecom company. Speaking in an interactive session with newsmen in his office […]
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MTN has renovated the Police Officers Wives’ Association, POWA, shopping complex corridor in Falomo, Ikoyi, Lagos State. Speaking at the unveiling, Sales and Distribution Executive, MTN Nigeria, Adekunle Adebiyi, expressed the ICT company’s excitement in beautifying the corridor. He said: “We’re really excited to unveil the new POWA corridor as this project has been a […]
Read More Telecom operator, MTN Nigeria has reaveled it lost over ₦12 billion in the four days that the Nigerian Labour Congress, NLC, allegedly interrupted its operations while picketing the company. A reliable source at the telecom giant said the picketing totally grounded operations and activities of the company while it lasted even as the devastating effects […]
Read More The violence that characterized the three-day picketing of MTN Nigeria by the Nigerian Labour Congress (NLC) attracted condemnation from several quarters, especially from industry watchers, Nigerian workers, and affected MTN staff. Now, it has emerged that the destruction of MTN assets, violence and threats violate an important section of the International Labour Organization ethics of […]
Read More The Nigerian Communications Commission says it has mobilised the Nigeria Security and Civil Defence Corps to protect the equipment and installations of leading digital mobile operator, MTN Nigeria Communications Limited. This followed the picketing of the MTN head office in Lagos and other offices in different parts of the country on Monday by the leadership […]
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There is a strong indication that if the picketing of its companies by the Nigerian Labour Congress, NLC, continues, telecom company, MTN Nigeria may shut down its network. This undoubtedly will have untold consequences on the economy as millions of Nigerian subscribers and other telecom service providers connected to its network will be down and […]
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ABUJA, July 8 (Reuters) – MTN Nigeria is yet to file its application for an initial public offering (IPO), Nigeria’s securities regulator said on Sunday, a much-anticipated share listing that could value the business at around $5 billion and help revitalise the local stock market. The Securities and Exchange Commission’s (SEC’s) statement came after domestic […]
Read More MTN Foundation, has supported over 2100 tech startups from undergraduate students of accredited Nigerian universities and polytechnics in their quest to proffer solutions in various sub sectors and industries in the nation’s economy ranging from agriculture, power to waste management. This was evident at Student Innovation Challenge boot camp in Lagos which exposed about 40 […]
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The Nigerian Communications Commission (NCC) yesterday halted moves by South African mobile giant MTN to acquire the only surviving Code Division Multiple Access (CDMA) operator, Visafone. It said the acquisition cannot be done without a public inquiry to enable stakeholders determine the future of Visafone in the overall interest of the industry. The regulator’s stance […]
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