MTN Nigeria
Nigeria’s 5G Launch is Finally Here
Sourced from the Guardian Nigeria. In a historic moment for Nigerian telecoms, MTN Nigeria has today officially turned on its fifth-generation (5G) mobile internet services at 190 sites across the West African country, with the main concentration of sites in Lagos and Abuja, according to BusinessDay. Some users in these areas are reportedly already experiencing internet speeds greater than 1.4GBs per second. The country’s National Communication Commission (NCC) had previously set Wednesday 24 August as the date for the rollout of 5G after nearly 3 years of preparation from the Federal Government. Nigeria now joins South Africa and Kenya as the three African nations to launch 5G services. South Africa received 5G first in 2019 through a humble rollout by provider Rain, while Kenya saw Safar...
Orange Telecom Casts Its Tall Shadow Over Nigeria
Sourced from MSNBC. France’s Orange Group, one of the largest telecom companies in Africa, has reportedly set its sights on a possible expansion into Africa’s most populous country, Nigeria. This is according to a statement issued by the Nigerian Communications Commission (NCC), where it is detailed that Orange sent a six-person team from its Middle East and Africa division led by non-executive Victoria Adefala to scout the Nigerian market for expansion opportunities. Orange would be entering a highly competitive telecom market in Nigeria, with four other operators already vying for power, with MTN Nigeria holding the largest market share, followed by Globacom, Airtel, and finally 9Mobile. “We are here to ensure steady investment for the long term. We also want to support the vision of the...
MTN Nigeria Bleeds $54-Million to Shady Bank Transfers
Sourced from TheTechieGuy (https://thetechieguy.com/) Nigeria’s largest telecom firm, MTN Nigeria and MTN’s leading subsidiary in terms of sheer number of subscribers, has taken 18 banks in Nigeria to court over an alleged series of unauthorised transfers to the tune of $53.7-million. The shady transfers were from an account reportedly owned by its mobile payment service bank (PSB) MoMo, which was only recently licensed in the West African country. According to several Nigerian publications covering the story, MTN Nigeria alleges that the 18 banks, which are partners of the telecom, have wrongly transferred billions of Naira to 8000 accounts maintained by customers of the banks. MTN through MoMo is currently seeking a court declaration that states that the fund deposits belong to MoMo and ...
MoMo PBS Limited Formally Commmences Operations in Nigeria
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MTN Reports Solid Financial Performance During First Quarter of 2022
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MTN Nigeria Attains Approval to Operate Mobile Money Bank (MoMo)
MTN Nigeria received approval from the Central Bank of Nigeria on Monday to operate Mobile Money (MoMo). MTN Nigeria’s Mobile Money (MoMo) service has more than 9-million users since it launched in 2019. According to TechCabal, the approval means that MTN Nigeria will be able to provide all the services offered by conventional commercial banks virtually, with the exception of granting credit and processing foreign exchange transactions. “We are grateful to the CBN for granting the final approval to commence the operations of MoMo PSB, which is an important milestone for our Ambition 2025 strategy. We are excited about the opportunity for MTN Nigeria to support the CBN and the Federal Republic of Nigeria in fulfilling the agenda of driving financial inclusion in Nigeria,” MTN Group CEO Ralp...
MTN Nigeria Says it Supports New Government SIM Registration Rules
MTN, the multinational mobile telecommunications company, reassured its Nigerian investors on Wednesday that the country’s SIM registration rules will not have a huge impact on its finances. This comes after the Federal Government ordered all telecommunication operators to bar all SIMs that are not registered with National Identification Number (NIN). The government made this call in 2020 after the country saw an increase in abduction incidents. According to Tech Central, MTN shares tumbled 7.8% in Johannesburg on Tuesday as investors took fright at the decision by the Nigerian Communications Commission (NCC) to order mobile operators in Nigeria to bar outgoing calls from phone numbers not linked to the NIN system. MTN said that its Nigerian subsidiary has made good progress in registering...
MTN Group Appoints New COO for its Nigerian Arm
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MTN Group Posts “Strong” 2021 Results – $583M in Profits
South African telecom MTN has released its financial results for the year ended December 2021 and reported “strong financial, operational and sustainability results” through what the group is calling a “tough macro year.” MTN boasts that these very positive results were delivered through “strong strategic execution and sustained commercial momentum across 19 markets.” “We adapted to the extraordinary circumstances brought about by the COVID-19pandemic and started shaping the MTN of the future through the execution ofAmbition 2025,” said MTN Group President and CEO Ralph Mupita. Increased Earnings In constant-currency terms, service revenue grew by 18.3% to $11.4-billion, earnings before interest, tax, depreciation, and amortisation (EBITDA) increased by 23.7% to $582.6-Million and the EBIT...
MTN Ghana, Vodafone Drop Fees For Calls, SMS To & From Ukraine
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Just How Many Shares is MTN Nigeria Preparing to Sell in Upcoming Offer
Sourced from TheTechieGuy (https://thetechieguy.com/) The MTN Group, representing the largest telecom company in Africa, has announced that it is preparing to sell shares in its Nigeria arm worth about $242-million in the continuation of its plan to dispose of assets and pay down debt. MTN Nigeria, which was listed in Lagos in 2019, will offer 575 million shares, according to a statement released on Thursday. The move marks a larger effort to sell about 14% of the MTNs holdings in its Nigerian arm – the “largest and most profitable unit,” according to the company. The news has spiked the price of MTN’s shares listed on the Johannesburg Stock Exchange by 3.6%, the largest rise in over a month. The MTN Group stock has surged 138% this year, making it the best performer on the FTSE/JSE Africa...
African Development Bank & MTN Launch Women’s Finance Study in Nigeria
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
