Off-grid Solar set to triple in Africa

Off- grid solar will bring basic electricity services to almost 70 million more people in Asia and sub Saharan Africa A new report has confirmed that Solar is now the fastest growing energy source in the world, and is making a major impact in Africa. The International Energy Agency’s 2017 report (http://APO.af/inLXNs) on renewables forecasts that […]

Off-grid solar will transform business in Nigeria

The people behind one of the fastest growing off-grid solar companies in Africa have said that the mobile solar revolution will transform Nigeria’s small-business economy. Access to power is a major constraint for Nigeria’s SMEs, and thousands are now using the Lumos Mobile Electricity service (www.Lumos-Global.com), which provides customers with reliable, clean, affordable solar electricity. […]

Unsolicited messages: Appeal court awards damages against MTN

Granting unknown persons and organisations access to a subscriber’s telephone line by MTN for the purpose of sending unsolicited messages to the line is a violation of the subscriber’s right to privacy, the Abuja Division of the Court of Appeal has ruled. A three-man bench of the Court of Appeal  led by Justice Tinuade Akomolafe-Wilson, […]

MTN Nigeria records 11.6% profit growth

Despite a 2.3 per cent decline in MTN Nigeria subscriber base, the company’s revenue has increased by 11.6 per cent in the first quarter of 2017. MTN Nigeria says it “had a strong start to the year with an 11.6 per cent increase in total revenue, supported by a 71.3 per cent boost in data […]

MTN pays N30bn as part of Nigerian fine

South African telecoms giant MTN has paid nearly $100m of a $1.7 bn fine for failing to disconnect unregistered SIM cards in Nigeria, officials said on Friday. “MTN has paid N30bn ($98m, 92 million euros) as part of the fine,” Tony Ojobo, spokesman for Nigeria Communication Commission (NCC) told AFP. “The payment is in furtherance […]

MTN Swings to First Annual Loss in 20 years After Nigeria Fine

* MTN’s 2016 earnings hit by $1.1 bn Nigeria fine * Firm facing another probe by Nigerian lawmakers * Declares dividend despite loss, shares up 10 pct MTN Group swung to its first annual loss in two decades on Thursday, hit by a regulatory fine in Nigeria and unfavourable currency moves but its shares soared […]

MTN needs to list on Nigerian bourse – Minister

The Minister of Communications, Adebayo Shittu, has urged MTN Nigeria to list its shares on the Nigerian Stock Exchange, describing it as important for the company. MTN, which is Africa’s biggest mobile phone operator, had said it aimed to list its Nigerian unit on the local bourse but has given no date. “I want to […]

MTN group expects to report a full-year loss

MTN Group expects to report a full-year loss due to a one billion dollars regulatory fine in Nigeria and for under-performance both in Nigeria and South Africa, the company said on Wednesday. MTN had agreed in June to pay Nigeria a N330 billion (1.05 billion dollars at the time) fine for missing a deadline to […]