30 results
- 25 May 2020
MTN Nigeria Communications PLC Proposes Issuance of N50Bn Commercial Paper
MTN Nigeria Communications Plc has proposed the issuance of N50 billion commercial papers to raise funds for its working capital as well as for general corporate purposes, a statement from the…
- 24 Feb 2022
3.5GHz Spectrum: MTN, Mafab Pay for Licences
MTN Communications Nigeria Plc and Mafab Communications Limited, have made their full payment of $273.6 million each for the 5G Spectrum license to the Nigerian Communications Commission. Dr.…
- 23 Jan 2022
Regulatory Approval Delays MTN Nigeria’s PO Allotment
MTN Nigeria Communications (MTN Nigeria) Plc’s retail public offer’s allotment is still undergoing regulatory approval, more than one month after the closure of application list for the offer.…
- 17 May 2019
Nigeria Nigeria Becomes a PLC, Lists on Nigerian Stock Exchange
MTN Nigeria Communications Plc (“MTN Nigeria”) has successfully listed on the premium board of the Nigerian Stock Exchange (“NSE”). MTN Nigeria’s listing on the NSE will create a new telecoms and…
- 9 May 2022
MTN Expresses Readiness to Deploy 5G ahead of Timeline
MTN Communications Nigeria (MTN Nigeria) Plc has said it was ready to roll out the fifth generation (5G) services ahead of the timeline contained in the Information Memorandum (IM) prepared by the…
- 3 Aug 2022
MTN Launches Home Broadband Services
MTN Nigeria Communications PLC has launched Home Broadband services to accelerate broadband penetration in alignment with the Federal Government’s plan to achieve over 70% broadband penetration by…
- 8 Feb 2024
Glo, MTN Resolve Interconnect Debt Dispute
Nigerian Communications Commission (NCC) on Thursday announced that the interconnect debt dispute between MTN Nigeria Communications Plc (MTN) and Globacom Limited (Globacom) has been amicably…
- 27 Mar 2024
MTN Nigeria, PAU Open Applications for 3rd Edition of MTN Media Innovation Programme
MTN Nigeria Communications Plc and the School of Media & Communications, Pan-Atlantic University have announced call for applications from qualified media practitioners to participate in the 3 rd…
- 4 Mar 2020
MTN Introduces New Electronic Recharge Service
MTN Nigeria Communications Plc has introduced, “MTN Topit” for virtual top-up services in a bid to get rid of paper vouchers. Mr Adekunle Adebiyi, chief sales and distribution officer, explained that…
- 11 May 2022
MTN Nigeria Raises N127Bn Short-Term Capital
MTN Nigeria Communications (MTN Nigeria) Plc has raised N127 billion new debt capital, placing the telecoms group in better position to diversify its capital funding. The telecom giant listed two…
- 10 May 2019
MTN Nigeria Releases Results for Q1 2019, Gains 2.1m Subscribers
Nigeria MTN Nigeria Communications Plc (MTN Nigeria) on Thursday announced its unaudited results for the quarter ended March 31. Mr Ferdi Moolman, chief executive officer of MTN, said that in…
- 2 Aug 2021
MTN to Invest Fresh N600Bn in Nigeria
MTN Nigeria Communications Plc (MTN Nigeria) has said it will invest fresh N600 billion to expand its network across the country in the next three years. This is even as the telecom operator's mobile…
- 4 Nov 2021
MTN to Sell 575m Shares in Nigeria Unit through Public Offer
MTN Nigeria Communications Plc (MTN Nigeria) has announced that it intends to proceed with a public offer for the sale of up to 575 million shares in MTN Nigeria by way of a bookbuild to…
- 25 Dec 2024
MTN Nigeria Renews Spectrum Lease Agreement with NTEL
MTN Nigeria Communications PLC has announced that the Nigerian Communications Commission (NCC) has approved the renewal of the spectrum lease agreement between MTN Nigeria and Natcom Development and…
- 14 Aug 2022
MTN Nigeria to Drive Expansion with N200Bn
MTN Nigeria Communications (MTN Nigeria) Plc is concluding arrangements to raise about N200 billion under a new capital raising programme. MTN plans to issue two tranches of bonds ranging from four…
- 24 Apr 2024
When Will Enough be Enough for MTN Nigeria? -- By Olayiwola Luqman, FCA
The history of MTN Nigeria Communications Plc (MTN Nigeria) is replete with controversies and litigation unlike other players in the telecom sector. Some might argue MTN’s size naturally attracts its…
- 3 Apr 2022
MTN Named Best Tax Compliant Organisation in Nigeria
MTN Nigeria Communications Plc (MTN Nigeria) has been recognised with two awards at the recently concluded National Tax Dialogue Event organised by the Federal Inland Revenue Service (FIRS). The…
- 3 May 2021
MTN Nigeria Reports N385Bn Revenue for Q1 2021
MTN Nigeria Communications Plc (MTN Nigeria) has announced its unaudited results for the quarter ended 31 March 2021, showing service revenue up by 17.2 per cent to N385.2 billion. Karl Toriola,…
- 29 Jul 2019
MTN Declares N60Bn H1 Dividend
MTN Nigeria Communications Plc has earmarked N60 billion as interim cash dividend to shareholders as the telecommunication company marked its first post-listing performance with considerable growths…
- 5 Aug 2019
MTN Investment in Nigeria Hits N2trn
MTN Nigeria Communications Plc has invested more than N2 trillion in its business operations over the past 18 years. The market value of MTN Nigeria closed at the weekend at N2.585 trillion.…
- 25 Apr 2024
MTN and its FY2023 Financial Results Abracadabra
By Abdullahi Taminu Bida MTN Nigeria Communications Plc (MTN Nigeria), the leading telecommunication service provider in the country, on Thursday, 29 February, 2024, submitted its full-year audited…
- 7 Mar 2023
MTN Nigeria Raises N125bn via Commercial Paper Issuance
MTN Nigeria Communications Plc has informed the Nigerian Exchange and the investing public of the successful completion of its Series 4 and 5 commercial paper issuances under its N150 commercial…
- 17 May 2019
MTN Nigeria Gains N184Bn in Listing Rally
MTN Nigeria Communications Plc rallied N184 billion in first day of trading on the Nigerian Stock Exchange (NSE). The NSE admitted, by way of introduction, 20.35 billion ordinary shares of MTN…
- 29 Apr 2025
MTN Nigeria Reports N1 Trillion Revenue
MTN Nigeria Communications Plc has said it generated N1.0 trillion in service revenue in the first quarter of 2025, a 40.5 per cent increase from the N752.99 billion earned in Q1 2024. MTN Nigeria…
- 23 Jun 2021
MTN Nigeria Gets Highest Possible Credit Ratings from GCR
Global Credit Ratings (GCR) has upgraded the national scale long-term issuer rating of MTN Nigeria Communications Plc (MTN Nigeria) to AAA and affirmed the national scale short-term rating of A1+,…
- 1 Jun 2019
MTN Pays N55Bn to NCC in Final Settlement of N330Bn Fine
MTN Nigeria Communications Plc has paid the sixth and final instalment of N55billion to the Nigerian Communications Commission (NCC). The sum completes MTN’s payment of the N330 billion…
- 5 Sept 2019
MTN Shuts Down Offices Nationwide over Xenophobic Attacks
The management of MTN Nigeria Communications Plc has announced the closure of all its stores and centres across the country over the xenophobic attacks in South Africa. The telecommunications…
- 18 Aug 2020
FG Moves to Resolve MTN, Union Dispute
Federal government has waded into the trade dispute between MTN Nigeria Communication Plc and Private Telecommunication and Communications Senior Staff Association of Nigeria (PTECSSAN). Sen. Chris…
- 6 Nov 2024
Telcos Scale Down on Network Investments to Reduce Forex Losses
MTN Nigeria Communications Plc and Airtel Africa Plc have reduced investments in network infrastructure to focus on minimising foreign exchange (FX) exposure and managing rising operational costs.…
- 2 Jul 2025
NCC Approves MTN, 9Mobile Roaming Collaboration Deal
MTN Nigeria Communications Plc has announced the execution of a national roaming agreement with Emerging Markets Telecommunications Services Limited (9Mobile), a move that signals a major milestone…