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. […]

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 […]