MTN Nigeria

MTN Investors Earn N944bn In Three Months As Airtel’s Shareholders Record Zero

MTN Nigeria investors had much to celebrate at the end of the first quarter in 2025 compared to shareholders of their market rivals, Airtel Africa. According to Prime Business Africa’s analysis of

Prime Business Africa

April 16, 2025

Business·Tech News

Renewal Of MTN Nigeria Spectrum Lease With NTEL Boosts Connectivity Across States

Following approval by the Nigerian Communications Commission (NCC), MTN Nigeria Communications PLC (MTN Nigeria) has renewed its spectrum lease agreement with Natcom Development and Investment Limited (NTEL). This extension builds on a

Victor Ezeja

December 26, 2024

Financial Obligations Force MTN Nigeria To Borrow N125bn From Commercial Paper Investors

Business·News

MTN MoMo PSB Revenue Rises By 8.1%, As Active Wallet Users Hit 5.3 Million In 2023

MTN Nigeria has announced that revenue from its MoMo Payment Service Bank (PSB) increased by 8.1 per cent while active customers enrolled on the wallet platform reached 5.3 million by December 2023.

Victor Ezeja

March 3, 2024

News

NCC Halts Impending Telecom Disruption As MTN, Glo Reach Agreement

Nigerian Communications Commission (NCC) has announced the suspension of the disconnection of Globacom Limited by MTN Nigerian Communications Plc. due to a lingering interconnection debt dispute.

Emmanuel Ochayi

January 18, 2024

MTN Service Down Time Caused By Damaged Undersea Cables

Business

MTN Plans Financial Expansion With N52.895bn Recapitalization

MTN Nigeria has announced its plans to issue two series of commercial papers valued at N52.895 billion, signaling a strategic move to diversify its financing options. The company’s Secretary, Uto Ukpanah, confirmed

Emmanuel Ochayi

November 3, 2023

Business

MTN Records 75.7% Decline On PBT In Q3

MTN Nigeria Communications Plc reported a 75.7% decline in its profit before tax (PBT) for the third quarter of 2023, amounting to N32.08 billion. This contrast with the N132.04 billion recorded in

Emmanuel Ochayi

October 30, 2023

Business·News

Tribunal Orders MTN To Pay $72.5m For Tax Evasion, Exempts Penalties, Interest

The Lagos Zone Tax Appeal Tribunal has ordered MTN Nigeria Communications to pay a sum of $72,551,059 million, an equivalent of N59, 298,475,000 billion back taxes to the Federal Inland Revenue Services

Emmanuel Ochayi

October 26, 2023

Business

Financial Obligations Force MTN Nigeria To Borrow N125bn From Commercial Paper Investors

MTN Nigeria said its commercial paper issuance was oversubscribed in the capital market, leading to the company raising N125 billion, a statement released to the Nigerian Exchange Limited disclosed. The telecommunications company

Fakoyejo Olalekan

August 31, 2023

Business

MTN Nigeria To Raise N100bn Through Unsecured Commercial Paper

Telecommunications company, MTN Nigeria, has disclosed its intention to raise N100 billion through an unsecured promissory note, commercial paper. In a corporate document released to the capital market authority, Nigerian Exchange Limited

Fakoyejo Olalekan

August 17, 2023

Business

Banks Adopt Plan To Repay MTN, Airtel, Others N120bn USSD Debt

Deposit Money Banks (DMBs) have adopted a repayment plan to resolve their faceoff with telecommunications firms over the use of the Unstructured Supplementary Service Data (USSD) service by the banks’ customers. The

Fakoyejo Olalekan

August 9, 2023

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MTN Investors Earn N944bn In Three Months As Airtel’s Shareholders Record Zero

Renewal Of MTN Nigeria Spectrum Lease With NTEL Boosts Connectivity Across States

MTN MoMo PSB Revenue Rises By 8.1%, As Active Wallet Users Hit 5.3 Million In 2023

NCC Halts Impending Telecom Disruption As MTN, Glo Reach Agreement

MTN Plans Financial Expansion With N52.895bn Recapitalization

MTN Records 75.7% Decline On PBT In Q3

Tribunal Orders MTN To Pay $72.5m For Tax Evasion, Exempts Penalties, Interest

Financial Obligations Force MTN Nigeria To Borrow N125bn From Commercial Paper Investors

MTN Nigeria To Raise N100bn Through Unsecured Commercial Paper

Banks Adopt Plan To Repay MTN, Airtel, Others N120bn USSD Debt

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