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

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 […]

News

Again NLC bickers with MTN

Ihesiulo Grace 8 August 2018 0

…says coy flaunt labours, laws suffocate Nigeria workers Leadership of the Nigeria Labour congress (NLC), has said it will do everything possible to ensure that all companies operating within the shore of the country obey the existing labour laws. The NLC said this has become necessary owing to the level of impunity foreign companies disrespect […]

News

Anti-labour law: NLC shuts MTN office in Bauchi

Ihesiulo Grace 10 July 2018 0

The Bauchi state office of MTN Nigeria has been closed down by the state chapter of the Nigeria Labour Congress (NLC), over anti-labour practices. The order for the closure of the Telecommunication company was handed down by the state chapter Chairman of the Union, Comrade Hashimu Gital who led the closing activities yesterday. Gital who […]

Headlines

NLC pickets MTN offices nationwide over anti-labour laws

Ihesiulo Grace 10 July 2018 0

*Allegation baseless, unfounded- Telecoms firm Members of the Nigeria Labour Congress (NLC) have picketed offices of leading telecommunications firm, MTN, nationwide over alleged non-compliance to labour laws. The NLC officials picketed MTN offices in various parts of the country: Kano, Akwa Ibom, Ilorin and Enugu, alleging non-compliance to labour laws and the refusal of

Headlines News

Int’l calls fraud: Expert raises the alarm over danger to economy

Ihesiulo Grace 17 May 2018 0

...Says operators engage in huge capital flight, tax evasion …Narrates how operators keep huge revenue offshore …Slams NCC for poor regulatory framework in tacking the menace Following a report by The Daily Times on International calls fraud, and how the operators across borders connived with the fraudsters to defraud innocent victims in Nigeria, a telecom […]

Business Headlines

MTN has paid N165bn out of N330bn fine to FG – NCC

Ihesiulo Grace 10 April 2018 0

The Nigerian Communications Commission (NCC) has disclosed that one of the leading telecoms firms, MTN, has paid N165 billion out of the N330 billion fine imposed on it due to its inability to disconnect improperly registered SIM cards. The Executive Vice Chairman of the NCC, Prof Umar Danbatta, stated this on Monday when MTN Group, […]

Brands and Marketing

MTN Foundation puts smiles on kids’ faces across Nigeria

Ihesiulo Grace 18 March 2018 0

The MTN Foundation has put a smile on the faces of about 1,500 kids in 36 institutions across the country. Each establishment was gifted foodstuff and baby care products. According to Dennis Okoro, Director, MTN Foundation, “the provision of basic living amenities and consumables to the less privileged is critical to the growth and development […]

Business News

MTN strategizes for IPO in Nigeria …Says it will not hold back on investment in Iran

Ihesiulo Grace 2 November 2017 0

As part of its strategies to settle the over one 1.4 trillion fine imposed on the telecommunication giant, MTN by the Nigerian government in 2015, the company is contemplating raising more funds from the capital market through an initial public offer (IPO), just as it re-affirmed plans to make more investments in Iran. The Chief […]

Headlines

MTN’s unregistered SIMs aid Boko Haram, Nigerian farmers say

Ihesiulo Grace 31 October 2017 0

Farmers in northern Nigeria have called on wireless operators including MTN Group Ltd. to block SIM cards that haven’t been formally registered by their users, saying they enable the operations of militant Islamist group Boko Haram. According to Bloomberg report, an emailed statement Monday read “we will stage a protest against MTN and take necessary legal action […]

News

Court dismiss suit seeking to enforce MTN’s N1.04 tr fine

Ihesiulo Grace 28 October 2017 0

Andrew Orolua, Abuja The Federal High Court in Abuja has dismissed a suit seeking to compel the Nigerian Communications Commission (NCC) to enforce N1.040 trillion fine it initially imposed on MTN by Nigeria Communications Limited for failure to disconnect unregistered subscribers. Hon Raphael Igbokwe and Emmanuel Njoku have filed the suit seeking an order of […]

News

Casualization: MTN, FCTA agrees to end menace as NLC pickets offices in ABUJA

Ihesiulo Grace 6 October 2017 0

In order to escape the wrath of Nigeria labour congress, agencies under the Federal Capital Territory administration together with the mobile Telecommunication of Nigeria MTN, has vowed to end the menace of casualization of Nigeria workers forthwith. Both managements made the promise Friday during a clamp down by the Nigerian labour congress in reaction to […]