Business Featured

MTN to sell $534m worth of towers

Ihesiulo Grace 1 November 2019 0

BY Ladesope Ladelokun  MTN Group Limited has concluded all plans set to sell its  $534 million stakes in tower assets in West African  and East African  countries  Ghana and Uganda respectively. Consistent with its plan of meeting its 15 rand asset sales target over three

Business

Alleged Copyright : Court fixes Dec. 3, 4 to hear N300m damages suit against MTN

Ihesiulo Grace 24 October 2019 0

Abuja – A Federal High Court in Abuja on Thursday adjourned until Dec 3 and Dec. 4 a N300 million damages suit filed by an Abuja-based musician, Liberty Williams,  against MTN. Justice Ijeoma Ojukwu fixed the date for hearing in the suit. In the suit filed before FHC, Williams with stage name, ” “Pupayannis” joined […]

Business News

MTN launches Mobile Money API hackathon

Ihesiulo Grace 22 October 2019 0

Lagos – The MTN Group has granted third party access to its Mobile Money (MoMo) Access Programming Interface (API) platform. The open API enables developers and programmers to innovate on the platform and develop products and other solutions that will create a wider range of digital financial offerings for MTN’s customers. Mr Onome Okwah, Manager, […]

Business

CBN says no to MTN’s plan to charge for USSD transactions

Ihesiulo Grace 21 October 2019 0

Washington – The Central Bank of Nigeria (CBN) has opposed plans by MTN to charge their subscribers for Unstructured Supplementary Service Data (USSD) access to banking services from Oct. 21. This came as the minister of communications, Isa Pantami, has directed the Nigerian Communications Commission (NCC) to work with the telecommunications service providers to

News

Police arraign man, 42, for alleged theft of MTN generator worth N1.8M

Ihesiulo Grace 16 October 2019 0

Ado-Ekiti – The police on Wednesday arraigned a 42-year-old man, Omale Akor, before an Ado-Ekiti Chief Magistrates’ Court for alleged theft of MTN generator worth N1.8 million.Akor, whose address was not given, is facing a charge of stealing. Buhari inaugurates 2020 Armed Forces Emblem with N10m donation The prosecutor, Insp. Johnson Okunade told the court […]

Business Computers Economy News Tech Telecoms

How MTN lost 667,245 internet subscribers in one month

Ihesiulo Grace 9 October 2019 0

Nigeria’s telecommunication company, MTN, lost a record of 667,245 internet subscribers in just one month, the latest data released by the Nigerian Communications Commission (NCC) has revealed. According to the data obtained from the regulator, MTN’s total internet subscribers stood at 52.2 million in July 2019 while the number dropped to 51.6 million in August. […]

News

Xenophobia:Take over South African-Owned Businesses- Oshiomhole to FG

Ihesiulo Grace 6 September 2019 0

In a bid to send a strong message to the South African authorities, the National Chairman of the All Progressives Congress, APC, Mr Adams Oshiomole, has called on the Federal Government to take over the South African businesses in Nigeria. Oshiomhole made the call at the end of an emergency National Working Committee, NWC meeting […]

Business

Glo hits 950,000 customers’ data subscriptions in March

Ihesiulo Grace 24 May 2019

Motolani Oseni Globacom has consolidated its reputation as the leading data service provider in the country, by adding 950,000 new customers in March 2019, the latest figures released by the Nigerian Communications Commission (NCC) has shown. The new statistics obtained from the regulator official website indicated that Globacom gaining the newest internet users with

Business

NSE: MTN tops gainers chart amid N275bn infraction payment to FG

Ihesiulo Grace 22 May 2019

…As market capitalization hits N13.30trn Motolani Oseni There was a positive trend at the end of trading activities on the Nigerian Stock Exchange (NSE) on Tuesday, with MTN Nigeria Communications leading the gainers’ chart closing at N131.70 per share, amid payment of N275 billion SIM infractions to the federal government. Also, the market capitalisation which […]

Business

Glo increases customers amid decline in total GSM subscribers

Ihesiulo Grace 23 April 2019

Motolani Oseni Despite a decline in the total Global System for Mobile Communications (GSM) network services in Nigeria, Globacom (Glo) has increased its customer’s base by 400,879, claiming the highest number of subscribers for the month of February, latest data by the Nigerian Communications Commission (NCC) has revealed. The commission, in its monthly

Business

MTN Vs AGF: FIRS has no quarrel with our assessments over $2bn tax arrears-MTN CEO

Ihesiulo Grace 12 March 2019

…Says Malami playing game not meant to be playing Ladesope Ladelokun As the battle over unpaid $2billion tax arrears between MTN Nigeria and Attorney-General of the Federation (AGF), Abubakar Malami persist, the Chief Executive Officer of MTN Group, Rob Shuter, has said that the nation’s tax authorities have no particular quarrel with the firm various […]

Business

Airtel to set up payment service bank

Ihesiulo Grace 8 March 2019 0

The telecommunications service provider, Airtel, has confirmed plans to set up a Payment Service Bank in order to promote financial inclusion in the country. The telco, in a statement issued recently in Lagos, said that it would apply for the PSB licence through a subsidiary as directed in the Central Bank of Nigeria’s guidelines, adding […]

Business

MTN to rake $300m from sale of Botswana unit

Ihesiulo Grace 8 March 2019 0

…Eyes $1.1b from asset sales As part of efforts to raise at least $1.1 billion from asset sales and cement its financial base, MTN Group has agreed to sell its 53 per cent stake in Botwana’s Mascom to Econet wireless Zimbabwe Ltd. for $300 million. This is coming on the back of the announcement by […]

Business

MTN Group expects 90% profits hike for 2018 financial year

Ihesiulo Grace 5 March 2019 0

A telecommunications company, MTN Group expects to increase profits by as much as 90 per cent in 2018, as the company continues to recover from regulatory challenges in Nigeria. The South African-based company announced it will surpass analyst projection which was curated based on MTN’s dispute with some African regulators. According to a report, Analysts […]

Business News

Alleged $10bn Sanctions: MTN Set To Settle With Nigeria Out Of Court

Ihesiulo Grace 4 December 2018 0

A Federal High Court sitting in Lagos has adjourned till December 12 for a report of settlement in the suit filed by telecoms giant, MTN challenging the fine imposed on it by the Federal government of Nigeria. Justice Saliu Saidu fixed the date after parties in the suit informed him of their intention to settle […]

Business

$8.1bn row: MTN in discussion with Nigerian officials

Ihesiulo Grace 23 October 2018 0

Telecoms firm MTN says it is holding talks with Nigerian officials to find a “mutually acceptable solution” to a dispute over the alleged transfer of 8.1 billion dollars. MTN made this known in a statement on Tuesday in Johannesburg. MTN said that further announcement on the issue would be made in due course. “Shareholders are […]

Economy Opinion

The CBN/MTN fine: The gift that keeps on killing

Ihesiulo Grace 18 September 2018 0

By Yakubu Abubakar The nation has watched stupefied as allegation after allegation have been thrown at telecommunications giant, MTN Nigeria over the last few weeks. Some have vehemently insisted that the travails of the company began a few months earlier when ‘well-meaning’ officials of the Nigeria Labour Congress picketed some of the company’s offices to […]

Business

Africa not ready for super fast 5G network – MTN’s CEO

Ihesiulo Grace 12 September 2018 0

Africa is not ready for next-generation 5G network but would likely be ready to embrace the super-fast technology in about five years from now, MTN’s chief executive officer said on Tuesday. Rob Shuter told Reuters at a telecoms conference in Durban that his position was due to the fact that most phones in Africa worked […]

Columnist

Why MTN, again?

Ihesiulo Grace 6 September 2018 0

It seems MTN is never too far from the speed dial to trouble. Three years ago, the telco, which has the dominant share of the mobile telecoms market in Nigeria, was slammed with a $5.2 billion fine for failing to disconnect 5.1 million subscribers after the registration deadline. After a back-and-forth, a bloodied nose and […]

Analysis Economy

Nigeria’s vibrant business landscape – The case of an arid rainforest

Ihesiulo Grace 5 September 2018 0

By Ikemesit Effiong   Indeed, Nigeria might be in the throes of a regulatory perception problem. The latest confirmation of this issue comes from the rather puzzling decision by the country’s central bank to sanction Africa’s biggest telecom firm MTN Nigeria and four banks for what it called the “illegal repatriation” of $8.1 billion from […]