Transactions on the Nigerian stock market closed on a positive note with the market capitalisation gaining N644 billion to hit N22 trillion mark, amid gains by telecommunication companies.
MTN Group says it will sell 575 million shares worth $241.7 million in the Nigerian unit to institutional investors and retail investors.
MTN Nigeria has compensated its subscribers with airtime and data due to the outage its consumers witnessed last Saturday. The Chief Executive Officer, MTN Nigeria, Karl Toriola, shared the information with subscribers on Sunday.
Some MTN customers are currently experiencing service outage and are unable to connect with loved ones and business associates in parts of the country, reports has shown.
Dangote Cement Plc has emerged as the highest corporate income taxpayer and biggest employer of labour in the country for the year 2020.
The Nigerian Communications Commission has disqualified anyone below the age of 18 from registering and owning a Subscriber Identity Module in Nigeria.
The Nigerian Communications Commission has proposed a fine of N200,000 for mobile communications services providers that fail to verify and validate biometric, National Identity Number and other personal information of each subscriber to their services.
Telecommunications company, MTN, has a payment plan with the Federal Inland Revenue Service (FIRS) to pay the tax remittance of two billion dollars.
As part of measures to improve telecommunications services, MTN Nigeria Communications has concluded plans to invest more than N600bn in network infrastructure over the next three years.
Zenith General Insurance Company Limited (commonly known as Zenith Insurance) has, in a trailblazing move, partnered with Telecommunications giant – MTN Nigeria to provide the first ever mobile insurance service in Nigeria.