Business Capital Market

Equities market indices dip by 40% amid profit-taking

Ihesiulo Grace 23 July 2019 0

Temitope Adebayo The equities market of the Nigeria Stock Exchange (NSE) began this week trading activities on on Monday on a downward trend, with major indices shedding 0.40 per cent. Specifically, market capitalisation which opened at N13.606 trillion lost N54 billion or 0.40 per cent to

Business

Equities market indices down amid Seplat, MTN, 17 others losses

Ihesiulo Grace 19 July 2019 0

Motolani Oseni The All-Share Index of the Nigerian Stock Exchange (NSE) on Thursday reached an all-time low of 27,864.49 due to selling pressure in Seplat, MTN Nigeria and 17 other equities. The equities market index lost 178.31 points or 0.64 per cent to close lower at 27,864.49 against 28,042.80 achieved the previous day. Similarly, the […]

News

NSE clarifies concerns on MTN premium listing

Ihesiulo Grace 21 May 2019

The Nigerian Stock Exchange (NSE ) has explained the concerns being raised regarding the unavailability of shares of MTN Nigeria Communications Plc in the secondary market. The Exchange in a statement made available to Vanguard Tuesday stated: ” Attention has been drawn to a few critical issues raised in various print and social media platforms […]

Business

MTN’s 20.3bn shares may start trading on equities market Thursday

Ihesiulo Grace 15 May 2019

…To raise over N200bn for expansion in Nigeria Ladesope Ladelokun MTN Nigeria has concluded all plans to be officially introduced on the Nigerian Stock Exchange, come Thursday, May 16th, even as a plan to increase its expansion and the efficiency of its network in Nigeria is underway. The telecommunication firm is looking to raise over […]

Business News

Subscriber slams N250m suit on MTN over arrest, illegal detention

Ihesiulo Grace 19 November 2018 0

A subscriber to MTN Nigeria Communications Limited, Chidi Johnson had slammed N250 million suit on the telecommunications company before the Federal High Court, Ikoyi, Lagos over his alleged harassment, arrest and illegal detention without a reasonable cause. Johnson is claiming the sum as compensation for the public harassment, inconvenience and loss of business he

News Nigeria

Court summons MTN over land lease default

Ihesiulo Grace 2 November 2018 0

A Magistrate Court in Wuse Zone 2, Abuja has directed the service of processes on MTN Nigeria Communications Ltd to appear on December 6 over alleged occupation of a space for its transmission mast without payment of rent. Magistrate Olubunmi Achegbulu also directed service of the papers on MTN after the initial service on the […]

Headlines News

MTN Nigeria sues CBN, AGF over $10.134bn fine

Ihesiulo Grace 11 September 2018 0

The telecoms giant, Mobile Telecommunication Network (MTN Nigeria) has filed a suit before the Federal High Court in Lagos against the Central Bank of Nigeria (CBN) and the Attorney-General of the Federation over the $10.134 billion fine for violating repatriation regulation. In the suit, MTN is asking the court to restrain the Central Bank of […]

Business Headlines

MTN Nigeria replies CBN on illegal repatriation of $8.1 billion

Ihesiulo Grace 30 August 2018 0

MTN Nigeria on Thursday refuted the claims by the Central Bank of Nigeria that it illegally, in collusion with four Nigerian banks repatriated $8.1billion from its Nigerian operations to offshore investors. The CBN said the remittances between 2007 and 2015, in tranches of of 2.63 billion dollars, 1.766 billion dollars and 348 million dollars were […]

Business

MTN yet to file any application – SEC

Ihesiulo Grace 9 July 2018 0

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 […]

News

MTN Nigeria, Access Bank laud partnership with hoteliers to enhance tourism

Ihesiulo Grace 16 October 2017 0

Ebere Chibuzor Telecom company, MTN Nigeria and Access Bank have partnered South-West Hoteliers’ Association Of Nigeria with the aim of inspiring growth and encouraging the nation’s tourism sector. Regional and SME sales Manger Enterprise Solutions Division,Musibau Olanrewaju, disclosed this in an interview with The Daily Times at the just concluded 2017

Health

Garmin and MTN Nigeria partner to introduce a range of world class health and fitness devices

Ihesiulo Grace 17 March 2017 0

South Africa, March 17, 2017/ — Garmin (www.Garmin.co.za) in collaboration with MTN Nigeria partner to introduce a range of world class health and fitness devices to help boost fitness standards while maintaining a healthy lifestyle. There is an increased focus around the world to be healthy and more active, and through innovation and technology Garmin […]

Brands and Marketing Business

The deafening silence of Nigerian Legislators on MTN fine

Ihesiulo Grace 5 May 2016 0

There comes a time when silence is not golden, when policy makers and decision making institutions deliberately and needlessly extend prompt decision on an issue of national importance or even refuse to proffer an amicable way forward in line with national interest. From the delay in assenting the 2016 budget, to the mooting of the […]