MTN Nigeria Signs N200 Billion Loan Agreement With 12 Banks

MTN Nigeria on Wednesday signed a seven-year N200bn 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, the […]

Danbatta

MTN To list On NSE By May 2019 – Danbatta

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 […]

MTN Yet To File Any Application – SEC

The Securities and Exchange Commission (SEC) has said neither MTN Nigeria Limited nor any of its advisers or representatives has filed any application with the SEC regarding an Initial Public Offering (IPO). The Commission in a Circular in Abuja weekend signed by its Management, said its attention has been drawn to a publication in pages […]

Nigerian Banks Lobby To Cordinate Sales Of MTN Shares

Indications have  emerged that some Nigerian banks have began to lobby the managment of MTNGroup Limited, as the telecommunication  company  is set to appoint more banks for the sale of its shares in its Nigerian unit on the stock exchange in Lagos as it looks to start an initial public offering in June or July, […]

Ecobank, MTN Collaborate To Boost Financial Inclusion In Africa

MTN Group and Ecobank Transnational Incorporated have come together to provide mobile financial services across the various African countries where they currently operate. The partnership, which was announced on Tuesday in Lagos, would see MTN and Ecobank work together in delivering a distinct customer experience by providing value-added mobile financial products and services. The latest […]

SIM Registration: MTN Pays N110bn Fine

MTN Nigeria has paid a total of N110 billion into the coffers of the government out of the N330 billion imposed on it by the Nigerian Communications Commission. Executive Vice Chairman of the NCC, Prof. Umar Danbatta, disclosed this at a workshop on Code of Corporate Governance organised by the commission in Kano on Thursday. […]

MTN Back To Profitability

One of the Africa’s leading mobile-network operators, MTN Group Limited, said it returned to profit in 2017, recovering from a $1bn fine it paid for its Nigerian business. The company in a statement on Monday said it was expected to report a profit for the 12 months ended December 31, 2017, Bloomberg reported. According to the report, […]

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. […]