MTN Nigeria

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

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

8 months ago

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

10 months ago

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

1 year ago

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

1 year ago

Business·Latest 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

1 year ago

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

1 year ago

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

1 year ago

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

1 year ago

Business

MTN Nigeria Experiences Glitches, As Pro-Niger Hackers Attack Firm’s Network

MTN Nigeria’s network was attacked by Pro-Nigerien hackers, Anonymous Sudan, on Wednesday. This was revealed by the hackers and an official in the network provider. Anonymous Sudan said it attacked the network

Fakoyejo Olalekan

1 year ago

Business·Insights

Data War Analysis: Globacom Loses Data Market Share, Over 300,000 Subscribers Stop Using 9mobile Internet Service

MTN Nigeria and Airtel outperformed Globacom and 9mobile in the first five months of 2022, as the telecommunications industry recorded a 4.76 million increase in the number of active data subscribers. The

Fakoyejo Olalekan

1 year ago

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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

MTN Nigeria Experiences Glitches, As Pro-Niger Hackers Attack Firm’s Network

Data War Analysis: Globacom Loses Data Market Share, Over 300,000 Subscribers Stop Using 9mobile Internet Service

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