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…
- 16 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…
- 1 Feb 2022
6.6m Nigerians Become MTN Shareholders as Telco Rakes in N111.75Bn from Offer
MTN Nigeria Communication Plc has said it now has 6.6 million Nigerians as direct or indirect shareholders as it made N111.75bn from its share offer to Nigerians. The telecommunications company said…
- 13 Feb 2025
Breaking....Tariff Hike: MTN Apologizes to Nigerians but Silent on Reversal
MTN Nigeria Communication Plc has apologised to customers for the 200 per cent tariff hike. MTN’s apology came in the wake of public outcry for raising tariff above the 50 per cent upward review…
- 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.…
- 10 Jun 2020
MTN Notifies NSE on Issuance of N100Bn Commercial Paper, Largest by Nigerian Corporate
MTN Nigeria Communications PLC has notified The Nigerian Stock Exchange and the investing public of the successful issuance of N100 billion Series I & II Notes under the debut N100 Billion…
- 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…
- 30 Oct 2023
MTN Appeals $72.5m Nigerian Tax Demand amid Forex Pains
MTN Nigeria Communications Plc has appealed the decision of the Tax Appeal Tribunal (TAT) over the payment of $72.5 million fine to the Federal Inland Revenue Service (FIRS). Recall that a Tax Appeal…
- 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…
- 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.…
- 20 Oct 2022
MTN Nigeria Launches 'Blow My Hustle Campaign' to Support Young Nigerians via Capacity Building & Grants
MTN Nigeria Communications PLC announced the commencement of the MTN Pulse Blow My Hustle initiative at a press launch on Wednesday, October 19, 2022. The Blow My Hustle campaign aims to empower…
- 21 May 2019
NCC Says MTN Listing on NSE will Empower Nigerians, Gives Update on N330 billion SIM Infraction Fine
The Nigerian Communications Commission (NCC) on Tuesday said that MTN Nigeria PLC has paid N275bn SIM infraction fine and that balance of N55bn payment is due this month. This is following a…
- 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…
- 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…
- 18 Jan 2024
Glo, MTN Resolve Interconnect Dispute - NCC
Nigerian Communications Commission (NCC) has said that Globacom and MTN Nigeria have reached agreement to resolve all outstanding issues between them. Reuben Muoka, director, Public Affairs…
- 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…
- 31 May 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…
- 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…
- 17 Sept 2025
MTN Nigeria to Lease Spectrum from T2 Mobile, Ends Agreement with Ntel
MTN Nigeria Communications Plc has secured regulatory approval from the Nigerian Communications Commission (NCC) to lease frequency spectrum from T2 Mobile Limited (formerly 9Mobile), marking a…
- 22 Nov 2019
NCC Slams N25m Fine on CWG for Infractions
Nigerian Communications Commission (NCC) has fined CWG Plc, an integrated information and communications technology company, N25m for violating some provisions of the Nigerian Communications Act.…
- 14 Dec 2021
5G Deployment: MTN Nigeria Upbeat After Successfully Bidding for 3.5GHz Spectrum Licence
MTN Nigeria Communications Plc has expressed delight after it successfully acquired one of the two 100MHZ spectrum licences in the 3.5GHz spectrum band auctioned by the Nigerian Communications…
- 9 Apr 2021
Nigerian Banks Deny Owing MTN, other Telcos
Nigerian banks yesterday claimed they are not indebted to MTN Nigeria and other phone companies for using Unstructured Supplementary Service Data (USSD) shortcode service to provide payment services.…
- 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,…
- 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…
- 9 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…
- 29 Feb 2016
NCC Fines MTN, Glo N34m for Porting Violation
Nigerian Communications Commission (NCC) has fined MTN Nigeria and Globacom Limited a total of N34m for breach of the rules and regulations guiding the Mobile Number Portability scheme. The…
- 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…
- 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…
- 4 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.…