Business

MTN’s Mobile Money Bank hit by N22bn fraud

Ihesiulo Grace 28 June 2022 0

Andrew Orolua The newly licensed Mobile Money Payment Service Bank Limited (MOMO PSB), a banking subsidiary of MTN Communications Limited, has been hit by massive fraud worth over N22 billion. The bank suffered the loss in less than a month of its operations and is already in court seeking

Business

PAU selects 20 participants for MTN Media Innovation Programme

Ihesiulo Grace 7 June 2022 0

By Temitope Adebayo The School of Media and Communication (SMC), Pan-Atlantic University has announced the 22 media practitioners selected for the first edition of the MTN Media Innovation Programme. During the six months fully funded fellowship by MTN Nigeria, the twenty (20) MIP fellows will engage in intensive sessions on courses covering modern income streams […]

News

Reduce cost of data, other services – Buhari tells MTN

Ihesiulo Grace 18 June 2021 0

President Muhammadu Buhari has urged the MTN Group to provide quality service to its Nigerian subscribers and reduce its cost of data, and other services. In a statement released by his media aide, Femi Adesina, President Buhari also asked the telecommunication company to make available top-of-the-range service to its Nigerian subscribers. Buhari said this when […]

Entertainment

MTN Foundation Sponsors “Tony Wants to Marry” Drive-In Theatre Performance

Ihesiulo Grace 2 April 2021 0

By Mutiat Alli In line with its commitment to the renaissance of arts and culture in Nigeria, the MTN Foundation is sponsoring a drive-in theatre performance of Tony Wants to Marry, a play written by Jerry Alagbaoso and directed by Agozie Ugwu. The play which explores the pressure Nigerian parents mount on their children to […]

News

MTN staff in Police net over alleged complicity in Adamawa lady’s death

Ihesiulo Grace 5 March 2021 0

The Police Command in Adamawa, on Friday confirmed the arrest of an MTN staff, Lekan Agboola, over complicity in the death of a 37-year-old mother of two. DSP Sulaiman Nguroje, Adamawa State Police Command Public Relations Officer, confirmed the development to the News Agency of Nigeria (NAN) in Yola.Nguroje said Agboola, who was arrested on […]

Labour News

Anti-MTN labour unrest threatens nationwide network connectivity

Ihesiulo Grace 13 August 2020 0

By Joy Obakeye Without an amicable resolution, millions of Nigerians may soon experience network disruption as an affiliate of the Nigeria Labour Union (NLC) takes on telecommunications giant, MTN. Daily Times gathered that Private Telecommunications and Communications Senior Staff Association of Nigeria (PTECSSAN) condemned what it described as demoralizing employee

Business

Equities market rebounds with N15bn gain on MTN price rally

Ihesiulo Grace 11 July 2020 0

Following price appreciation achieved by MTN Nigeria Communications, the equities market of the Nigerian Stock Exchange (NSE) on Friday rebounded by 0.12 per cent  to gain N15 billion. In fact, the key market indices such as the market capitalisation of listed equities inched higher by N15 billion or 0.12 per cent to N12.679 trillion from […]

Business

Equities market sheds 0.09% amidst profit-taking on MTNN, 21 other stocks

Ihesiulo Grace 17 June 2020 0

The equities segment of the Nigerian Stock Exchange (NSE) on Tuesday closed on a negative note, extending the previous negative sentiment to four consecutive trading day with a dip of 0.09 per cent, buoyed by profit-taking on MTN Nigeria Communications (MTNN) and 21 other stocks. READ ALSO: New NBC Code: Some Provisions Unenforceable-Okoroji For instance, […]

News

MTN announces N100bn commercial paper issuance, highest ever by any Nigerian firm

Ihesiulo Grace 10 June 2020 0

Telecommunication giant, MTN Nigeria Communications Plc has raised N100 billion in its debut commercial paper (CP) issuance. The feat has now made it the largest debut issuance by any Nigerian company to raise such amount at debut issuance. It was understood that had planned initially to raise N50 billion under its registered N100 billion CP […]

Business

MTN Nigeria announces debut N100bn CP issuance

Ihesiulo Grace 10 June 2020 0

MTN Nigeria Communications Plc. has announced to the public, its successful Commercial Paper (CP) Issuance (series 1 & 2) under its N100billion CP Issuance Programme. MTN Nigeria Communications Plc. (CP 1) had a tenor of 180 days and 270 days (CP 2) with an effective yield of 4.90 per cent for a N20 billion size (CP1) […]

News

MTN Nigeria announces completion of N100bn Commercial Paper

Ihesiulo Grace 9 June 2020 0

Lagos – MTN Nigeria Communications (MTNN) Plc on Tuesday announced the successful issuance of N100 billion Series I & II Commercial Paper (CP) notes. MTNN stated this in a notice to the Nigerian Stock Exchange (NSE) and the investing public signed by Uto Ukpanah, its Company Secretary. The company said that the Series I 180 […]

Business

MTN Nigeria posts N51.15bn profit in Q1 2020

Ihesiulo Grace 30 April 2020 0

The earnings of MTN Nigeria Communications Plc increased its profit by 5.6 per cent to N51.146 billion at the end of  first quarter 2020 compared to the same period of 2019 even as its revenue recorded a growth of 16.7 per cent. This is contained in full details of the telecom’s financial performance in the […]

Business

Zenith Insurance partners MTN on mobile insurance service in Nigeria

Ihesiulo Grace 21 March 2020 0

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. Using the USSD code *5966#, customers can now buy Third Party Motor Insurance and Personal Accident Insurance on the go, on their mobile phones, […]

Brands Business

Copyright infringement: MTN closes case over N300m suit

Ihesiulo Grace 10 March 2020 0

Telecommunication giant, MTN on Tuesday closed its case over an alleged N300m copyright infringement suit involving an Abuja-based musician, Liberty Williams. Nkeakam Abhulimen, a staff of MTN and Chris Anusa, a staff of Defcom Technologies, both appeared as witnesses for MTN at the Federal High Court, Abuja before Justice Ifeoma Ojukwu to testify in the […]

News

MTN Nigeria to invest N600bn in network

Ihesiulo Grace 1 March 2020 0

Lagos – MTN Nigeria Communications Plc has declared a final dividend of N4.97 per share for the financial year ended Dec. 31, 2019 just as it declared to invest N600 billion in network in the next three years. Mr Ferdi Moolman, the company’s Chief Executive Officer, made this known in a statement made available to […]

Business

MTN to drive investment, expansion in Nigeria with $1.6bn

Ihesiulo Grace 6 February 2020 0

To further expand and consolidate its portfolio in Africa’s largest economy, South African multinational mobile telecommunications company, MTN, has said it would be making a capital investment of $1.6 billion over the next three years to strengthen and expand its network and operations in Nigeria. MTN made the announcement recently after its group Chairman

Featured News

MTN’s $1.6bn budget excites Pantami

Ihesiulo Grace 29 January 2020 0

The Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed delight as the Mobile Telephone Network (MTN) budgeted 1.6 billion dollars to invest in the Nigerian market within the next three years. Pantami disclosed this in a statement signed by Mrs Phil Oshodin, Director Press and Public Relations, on Tuesday in Abuja, when […]

News

Africa’s MTN exits towers businesses in Ghana and Uganda

Ihesiulo Grace 2 January 2020 0

MTN Group has agreed to sell its towers businesses in Ghana and Uganda as Africa’s biggest mobile phone operator refocuses on high-growth markets on the continent and in the Middle East. Clashes with regulators in Nigeria, Uganda and elsewhere have crimped growth, prompting the company to announce a $1 billion three-year asset-disposal plan earlier this […]

Entertainment

Liberty Williams vs MTN Court to hear N300m damages suit in Feb.

Ihesiulo Grace 4 December 2019 0

Abuja – The Federal High Court, Abuja, on Wednesday adjourned until Feb. 10 and Feb. 11,  a N300 million damages suit filed by an Abuja-based musician, Liberty Williams, against MTN. Justice Ijeoma Ojukwu fixed the dates for hearing in the suit. In the suit filed before the court, Williams with stage name, “Pupayannis”, joined MTN […]

Business

MTN deal with Cell C knocks shares in South Africa’s Telkom

Ihesiulo Grace 18 November 2019 0

Johannesburg – South Africa’s MTN Group has signed an expanded roaming and services agreement with the country’s third-biggest carrier Cell C, MTN said on Monday, pushing shares in rival Telkom down more than 5 per cent. The deal puts a dampener on Telkom’s proposed takeover of Cell C, which is owned by Blue Label Telecoms […]