The Federal Executive Council, presided over by President Muhammadu Buhari, on Wednesday approved the payment of N500m to the lawyers who worked for the recovery of N330bn fine imposed on MTN Nigeria Limited. The Attorney-General of the Federation, Abubakar Malami, said this while briefing State House correspondents on the outcome of the meeting at the […]
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Nigeria’s largest telecommunication company, MTN Nigeria, may sell some 30 per cent of its ordinary shares to Nigerian retail investors under its much-awaited initial public offering (IPO). Sources in the know of the arrangements for the IPO indicated that MTN Nigeria could sell as much as 30 per cent of its share capital to the […]
Read More Telecom giant, MTN, has appointed Uche Ofodile as the chief executive officer of Lonestar cell MTN Liberia. She started her career in marketing, advertising and public relations with diverse foundations in the automotive, consulting, higher education and broadcasting industries, a statement from the telco said. Prior to her new appointment, she was Africa’s regional head […]
Read More MTN Nigeria Communications Limited has announced a year-on-year increase of 73.2 per cent in revenue from data services for the first quarter of this year. A statement issued by Public Relations and Protocol Manager, Mr. Funso Aina, on Thursday said the digital mobile operators grew its total revenue for the quarter by 14.4 per cent. […]
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The Securities and Exchange Commission (SEC) on Wednesday, confirmed that MTN Group had finally commenced discussions with it on the proposed $500 million dollars Initial Public Offering (IPO) ahead of its listing on the Nigerian Stock Exchange (NSE). This is coming a week after the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. […]
Read More As part of an agreement it reached with the Federal Government, MTN Nigeria has said it is planning to list on the Nigerian Stock Exchange (NSE). According to a company source, “there’s a lot of preparation going on due to the listing, which is expected to happen this year and its Group Chief Executive, Rob […]
Read More Nigeria’s largest telecoms company, MTN, is due to pay a fresh ₦55 billion to the Nigerian Government in March, this year, correspondent has learnt. The payment, which must be paid latest by March 31, 2018, is in line with the continuation of its settlement of a ₦330 billion fine negotiated to be paid for violating […]
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The number of internet users increased marginally to 94 .8 million in November, the Nigerian Communications Commission (NCC), has said. The NCC made this disclosure in its Monthly Internet Subscribers Data for November 2017 published on its website on Tuesday in Abuja. According to the data, Airtel, MTN and Glo gained more internet subscribers during […]
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The share price of MTN Group Limited extended gains after Nigerian lawmakers ruled that allegations of illegal repatriation of almost $14bn were unfounded and the wireless company had not violated the law. There were no “proofs of collusion to contravene the foreign exchange laws,” a Senate investigative committee said in its report released on Wednesday […]
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The National Industrial Court of Nigeria (NICN), Akure Division, has ordered MTN Nigeria Communications Limited and MTN International, Mauritius, to pay its former Network Group Operations Manager, Mr Paul Odunewu, $13,419,728.54, £10,000 and ₦2,540,000 (totalling ₦4, 825,036,735.9) following wrongful termination of employment. According to correspondent, Justice Oyejoju Oyewunmi made the order on Wednesday, September 27, […]
Read More MTN group’s subscribers have reduced by by 3.6 percent to a total of 231.8 million across its 22 operations in Africa and the Middle East. This interim result was released yesterday by the group for the six months ended June 30, 2017. According to the telco, it lost more subscribers in Nigeria, with a drop […]
Read More In a bid to empower unemployed youth in Lagos and create conducive environment for commuters, MTN Nigeria has launched the Bus Shelter Kiosks initiative. The initiative, which was launched at the Saka Tinubu bus stop, Adeola Odeku Street, Victoria Island, Lagos, will see MTN construct 50 major bus stops, fitted with kiosks, where young people […]
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