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Telecom

MTN Named the Most Compliant Listed Company on the NGX

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L-R: Modupe Kadri, Chief Financial Officer, MTN Nigeria; Ishmael Nwokocha, General Manager, Corporate Treasury, MTN Nigeria; Funmi Willoughby, Deputy Company Secretary, MTN Nigeria; Solape Hammond, Special Adviser to the Lagos State Governor, SDGs and Investments; Adia Sowho, Chief Marketing Officer, MTN Nigeria and Temi Popoola, Chairman, Nigerian Exchange Limited at the Nigerian Exchange Made of Africa Awards held on 6th December 2022 where MTN was awarded the most compliant listed company.
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MTN Nigeria Communications Plc has been named the Most Compliant Listed Company at the Nigerian Exchange Limited (NGX) Made of Africa Awards held at the Civic Centre, Victoria Island, Lagos on 6 December 2022.


L-R: Modupe Kadri, Chief Financial Officer, MTN Nigeria; Ishmael Nwokocha, General Manager, Corporate Treasury, MTN Nigeria; Funmi Willoughby, Deputy Company Secretary, MTN Nigeria; Solape Hammond, Special Adviser to the Lagos State Governor, SDGs and Investments; Adia Sowho, Chief Marketing Officer, MTN Nigeria and Temi Popoola, Chairman, Nigerian Exchange Limited at the Nigerian Exchange Made of Africa Awards held on 6th December 2022 where MTN was awarded the most compliant listed company.

The award recognises the listed company with the highest levels of compliance with the Rules of The Exchange and other applicable laws and regulations.

Accepting the award, Chief Financial Officer, MTN Nigeria, Modupe Kadri said: “Since MTN Nigeria’s listing on the NGX in 2019, we have been very deliberate in the way we have approached our compliance with the rules and regulations of The Exchange, which are designed to ensure that the market operates credibly and transparently; two principles we believe are essential to the functioning of a world-class exchange.

“We hope that by continuing to demonstrate the highest levels of compliance, we can help bolster the reputation of The Exchange.”

Commenting on the award, MTN Nigeria CEO Karl Toriola said: “I am extremely pleased with this significant achievement, which recognises the hard work our team has done over the last few years. Compliance is at the heart of our business and embedded in the strategic priorities that underpin our Ambition 2025 strategy. Achieving this accolade early in that journey indicates that we are on the right track.”

The award for legal and regulatory compliance from the NGX further demonstrates MTN Nigeria’s track record of compliance and contribution to Nigeria’s tax revenue, which have both been recognised and acknowledged recently.

In March 2022, MTN Nigeria was recognised as one of the most tax-compliant organisations and a top 20 taxpayer in Nigeria by the Federal Inland Revenue Service (FIRS).

In November 2022, the FIRS appointed MTN Nigeria to withhold or collect value-added tax (VAT) on its behalf, demonstrating its faith in the Company.

 

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

Telecom

Fines: Meta Threatens to Shut Down Facebook, Instagram in Nigeria

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Meta may shut down its Facebook and Instagram services in Nigeria in protest against the substantial fines imposed by multiple government agencies.

Fines: Meta Threatens to Shut Down Facebook, Instagram in Nigeria

The tech giant has been ordered to pay nearly $300 million in fines in Africa’s most populous nation, following regulatory demands which Meta described as “unrealistic.”

In July 2024, the Federal Competition and Consumer Protection Commission (FCCPC), imposed a $220 million fine on Meta for allegedly discriminatory and exploitative practices against Nigerian consumers.

The commission stated that Meta had failed to engage a Data Protection Compliance Organisation and had not submitted a Nigeria Data Protection Regulation audit report for two consecutive years.

Similarly, the Advertising Regulatory Council of Nigeria (ARCON), demanded $37.5 million over unapproved advertising, while the Nigerian Data Protection Commission (NDPC), announced a $32.8 million fine for an alleged data privacy breach.

Meta challenged the decisions at the Federal High Court in Abuja but was unsuccessful, as the court upheld the fines in a ruling delivered last week.

The court directed the company to comply with payment by the end of June, but Meta has indicated it may not do so, according to the BBC.

“The applicant may be forced to effectively shut down the Facebook and Instagram services in Nigeria in order to mitigate the risk of enforcement measures,” the company stated in court documents.

Responding to the NDPC’s assertion that Meta’s data processing could expose Nigerian users to health and financial risks, the company said the agency had failed to “properly interpret the laws guiding data privacy.”

 

 

 

 

 

 

 

 


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Telecom

Premier League Fever Builds as MTN Nigeria Stages Dual-City Watch Parties This Weekend

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As the Premier League season enters its final stretch, MTN Nigeria is set to stage simultaneous watch parties in Abuja and Uyo on Sunday, May 4, giving football fans a shared space to experience the highs and lows of matchday.

The events, scheduled for Farm City in Wuse and Pyramid Lounge & Grill in Uyo, are expected to attract large turnouts as MTN continues to deepen its connection with football audiences nationwide.

The line-up for the day includes four Premier League fixtures, culminating in a marquee showdown between Chelsea and Liverpool. Earlier games such as Brentford vs Manchester United, Brighton vs Newcastle, and West Ham vs Tottenham will round out a packed viewing schedule. With top four ambitions, title races, and European dreams on the line, the fixtures promise high-stakes drama and entertainment.

MTN’s EPL watch parties have grown into a recurring highlight for fans who want more than just a screen, they want atmosphere. This weekend’s events will feature expansive screen setups, branded fan zones, and side attractions including live trivia and merchandise giveaways.

For MTN, the activations represent an opportunity to tap into the communal spirit of football, a sport that unites Nigerians across regions and loyalties. The brand’s involvement in football has steadily evolved from sponsorship to full-scale experiences, allowing it to build affinity with youth audiences and sports lovers alike.

In recent years, MTN has emerged as a key driver of fan engagement through its partnership with SuperSport and broader investment in Nigeria’s football ecosystem. These dual-city events reflect that strategy in motion, bringing the Premier League closer to the streets and ensuring fans are not just spectators, but participants in the global game.

With anticipation running high and bragging rights on the line, Sunday’s watch parties are shaping up to be a celebration of sport, identity, and the power of community on and off the pitch.


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 Telecoms Services Resume in Kogi State as Telcos, Govt Resolve Dispute

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 Gbenga Adebayo, chairman of ALTON,
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Telecommunications services disrupted in Kogi State have resumed following a resolution of the dispute between MTN Nigeria and the state government, the Association of Licensed Telecoms Operators of Nigeria (ALTON) has said.

 Telecoms Services Resume in Kogi State as Telcos, Govt Resolve Dispute

Gbenga Adebayo, chairman of ALTON, told TVC News that the issues that led to the shutdown of telecom masts in the state, primarily affecting MTN, had been addressed, paving the way for service restoration.

TVC News earlier reported that businessmen and women were counting their losses as they suffered the impact of a shut down of telecommunication service in Kogi State

Over the past two weeks, telecoms connectivity had been erratic, with competing brands experiencing glitches, particularly in the Lokoja metropolis.

The State government suspended the operations of some telecom services citing unpaid taxes and fibre-related dues.

The shutdown stemmed from a compliance dispute between MTN and the Kogi State Utility Infrastructure Management and Compliance Agency, which accused the telecom giant of violating operational rules and under-declaring the extent of its optic fibre network coverage in the state.

 


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