MTN Nigeria Archives - National Wire

MTN Nigeria Net Loss Skyrockets by 3,335% to N515 Billion

October 31, 2024 0

MTN Nigeria Plc net losses grew by more than 3335% year on year to N514.928 billion, details from the telecommunication company’s unaudited financial statement revealed, from N14.984 billion in the comparable period in 2023.

MTN Nigeria Raises N127bn Commercial Paper Instruments

April 26, 2022 0

MTN Nigeria Communication has raised N127 billion through the commercial paper programme to boost its working capital.

MTN Nigeria Secures Approval For N89.9b Bond

October 8, 2021 0

MTN Nigerian Communications Plc (MTN Nigeria) has obtained the approval of the Securities and Exchange Commission (SEC) to launch Series II 10-Year Fixed Rate Bond.

MTN Rakes In N460.1bn Revenue, Subscribers Hit 61.6m In 9 Months

October 30, 2019 0

MTN Nigeria Communications Plc, known as MTN Nigeria, Wednesday, released its quarter three results for the nine months ended 30 September 2019, where it recorded increased Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) by 39.3 per cent to N460.1 billion and an increased subscriber number by 0.1 million to reach 61.6 million subscribers on its network.

SIM Registration: MTN Pays N235bn Fine

May 21, 2019 0

MTN Nigeria Communications Limited has paid a total of N235bn out of the N330bn fine imposed on the mobile telecommunications operator in August 2015 by industry regulatory agency, the Nigerian Communications Commission.

NSE Okays MTN Listing At N90 Per Share

May 15, 2019 0

The Nigerian Stock Exchange on Tuesday approved the listing of MTN Nigeria shares on the nation’s bourse.

MTN Releases Q1 Results As Subscribers Hit 60.3m

May 10, 2019 0

MTN Nigeria Communications Plc, Thursday, released its unaudited results for the first quarter ended March 31, 2019, showing impressive revenues in service delivery, voice, data, fintech, including earnings before interest, tax, depreciation and amortisation (EBITDA).

$8.1bn Demand: MTN Opts For Out-Of-Court Settlement With CBN

December 4, 2018 0

Telecommunications firm, MTN Nigeria Communications Limited, on Tuesday, asked the Federal High Court in Lagos to further adjourn the hearing in the suit it filed to challenge the $8,134,312,397.63 being demanded from it by the Central Bank of Nigeria. The $1.8bn demand by the CBN followed alleged forex remittances infraction by MTN. On Tuesday, MTN’s lead counsel, Chief Wole Olanipekun …

$8.1bn Refund: MTN Took Govt For Granted, Says Finance Minister

October 23, 2018 0

– ‘Telecom firm only responded after CBN’s sanction’ Big businesses operating in Nigeria take the Federal Government and stipulated regulations for granted, the Minister of Finance, Zainab Ahmed, declared on Tuesday. Ahmed, who was responding to a question on the recent sanction that was imposed on MTN Nigeria Communications Limited by the Central Bank of Nigeria, while speaking during a …

CBN Raises MTN’s Hope On $8.1b Repatriation

October 8, 2018 0

The Central Bank of Nigeria (CBN) may reduce the $8.1billion it ordered MTN Nigeria to repatriate as part of an ongoing disagreement, its governor Godwin Emefiele said yesterday. The MTN and the CBN are in a dispute over the transfer of $8.1 billion of funds which the bank said the company had sent abroad in breach of foreign-exchange regulations. Nigeria …