Tag Archives: MTN

MTN Nigeria finally listed 20.4 billion shares on the Nigerian Stock Exchange (NSE) (after being compelled to do so by the Nigerian government as part of a regulatory settlement) at a price of N90.00 ($0.25) on May 16, 2019.  The listing was part of the punitive measures taken by Nigeria's telecom regulator in the second half of 2015 due to the refusal of MTN Nigeria to fully comply with its directive to deactivate unregistered sim cards.  

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The Nigerian Stock Exchange said its attention has been drawn to a few critical issues raised in various print and social media platforms regarding the listing of MTN Nigeria Communications Plc (MTN Nigeria) on the Premium Board of The Exchange.

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MTN Nigeria Communications Plc has signed a N200bn medium-term loan facility with a consortium of seven banks.

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Photo Caption: From Left--Mrs. Erelu Angela Adebayo, Member, National Council Member, The Nigerian Stock Exchange (NSE); Mr. Aigboje Aig-Imoukhuede, CON, Ex-Officio​, NSE; Mr Oscar N.  Onyema, OON, Chief Executive Officer, NSE; Mr. Ferdi Moolman, Chief Executive Officer, MTN Nigeria Communication Plc; Dr. Pascal Dozie, CON, Chairman, MTN Nigeria Communication Plc;  Mr. Bolaji Balogun, Chief Executive Officer,

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The Securities and Exchange Commission, SEC has approved MTN Nigeria listing on the Nigerian Stock Exchange by way of introduction.

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Tayo Olanipekun Civil Rights Realisation and Advancement Network (CRRAN) has said the telecom operators, MTN, should be held responsible for “unlawful arrest and detention” of Ifeoma Igbogbahaka by the Economic and Financial Crimes Commission (EFCC) over an alleged visa fraud. In a statement made available to National Wire on Wednesday, signed by CRRAN President, Olu Omotayo Esq., the organisation argued …

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A subscriber to MTN Nigeria Communications Limited, Chidi Johnson has instituted N250million suit against the telecommunications company before a  Federal High Court in Lagos, south west Nigeria over his alleged harassment, arrest and illegal detention without a reasonable cause. Johnson is claiming the sum as damages  for the public harassment, inconvenience and loss of business he suffered as a result …

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Rob Shuter, the chief executive officer at MTN Group, says the group will acquire an independent banking licence in Nigeria by 2019. Speaking at a telecoms conference in Cape Town, South Africa on Tuesday, the MTN CEO said it will put in an application in December and should lunch the bank in second quarter 2019. “We will be applying for a …

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A Federal High Court, Lagos, will on Dec. 3 hear a suit by MTN Nigeria Communication Ltd against the Attorney General of the Federation challenging the legality of N242 billion and 1.3 billion dollars import duties and withholding tax assessment. Justice Chukwujekwu Aneke fixed the date for hearing of all pending applications after counsel representing both parties had informed the …

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A Federal high court sitting in Lagos south west Nigeria today adjourned till 4th of December,  2018 for the hearing of preliminary objection filed by the Central Bank of Nigeria (CBN) and other pending applications in the  suit filed by MTN  Nigeria communications Limited against the Central bank of Nigeria CBN fine of $8,134,312,397.63 . Joined as co-defendant is the …

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