30 results
- 11 Apr 2019
Absa, South African Top Bank to Open Shop in Nigeria
Absa, South African lender is aiming to make a start on its investment bank-focused expansion into Nigeria in the second half of this year, according to Charles Russon, chief executive of the…
- 3 Jul 2026
Xenophobia: MTN Nigeria Belongs to Nigerians, Not Only South Africans — Toriola
Karl Toriola, chief executive officer, MTN Nigeria, has stated that the telecom company is “a Nigerian company through and through,” emphasising that it belongs as much to Nigerians as to its global…
- 26 May 2026
SARS Denies Being Hacked by Nullsec Nigeria, Hacker Group
South African Revenue Service (SARS) has dismissed claims that its systems were breached, following allegations by a hacker group that it had compromised the tax authority’s digital infrastructure.…
- 28 Dec 2021
Global Innovation Fund Invests $450,000 in SA’s Internet Service Provider, Isizwe
Isizwe, a South African-based internet service provider, has received a $450,000 investment from Global Innovation Fund (GIF). Isizwe, meaning “people” or “nation” in many African languages and…
- 29 Jun 2015
Facebook Opens first African Office in South Africa
Facebook has opened its first office in Africa to further the company’s commitment to help businesses connect with people and grow locally and regionally. Based in Melrose Arch, Johannesburg,…
- 14 Feb 2014
Nigeria Telecom Market Ripe, But Not For Consumer Services
The Nigerian and South African telecommunications markets will maintain tempo of their developments, regrettably, not for consumer services, according to experts findings. Historically,…
- 30 Oct 2018
Nigeria Boosts MTN Group’s Subscriber Base Growth Despite Sanction
The MTN group added 2.5 million new subscribers in the third quarter of the year, boosted by a strong performance in its embattled Nigerian operations and robust growth out of Ghana. However, MTN SA…
- 3 Nov 2017
Signal Alliance Named as 1st African Cisco Lifecycle Advisor Outside South Africa
Signal Alliance has announced that it has been named a Lifecycle Advisor (LCA) partner by Cisco. A role available by invitation only. The Lifecycle Advisor designation recognizes Signal…
- 16 Sept 2014
Nigerians, Israeli Smuggle $9.3m into South Africa to Buy Arms
Two Nigerians and an Israeli citizen are being held by South African police for attempting to illegally bring $9.3 million cash into the country. The cash carriers claimed they were acting on behalf…
- 5 Mar 2014
Nigeria Becomes Cash Cow for MTN Group
MTN Group, Africa's largest telecoms provider, reported a 27 percent rise in full-year earnings on Wednesday, but also revealed a dip in revenues in its home market South Africa due partly to fierce…
- 13 Aug 2016
Old Mutual to Invest in Nigerian Real Estate
Anglo-South African financial services firm Old Mutual and Nigeria's sovereign wealth fund on Friday signed agreements to set up two funds to invest in real estate and agriculture in Africa's most…
- 30 Oct 2013
Firewalls, UTMs Spur Network Security Appliances Market Growth
The value of security appliances market grew 3.6% year on year in Q2 2013 to reach $11.97 million in revenue in South African, according to the EMEA Quarterly Security Appliance Tracker published by…
- 27 May 2015
MTN Nigeria Pushes Group Subscribers to 229.2m
The telecoms environment remains challenging across MTN's markets, with persistent price competition and regulatory challenges, the company anticipates stability in operating trends over the balance…
- 20 Jul 2013
10 African Millionaires Under 40
Nothing beats being young and rich. While most people attain multi-million dollar and billion dollar fortunes in their 40s and 50s, a few savvy entrepreneurs hit the big time while in their 20s and…
- 26 Oct 2021
Multichoice Loses Appeal on $342m Tax to FIRS
The long-drawn legal battle by the South African Company, Multichoice Africa Holdings B.V, with the Nigerian government-owned Federal Inland Revenue Services (FIRS) over the disputed $342 million tax…
- 28 Apr 2013
Nigeria Leads as World Inches to 7Bn Mobile Users
The world is inching towards the milestone seven billion mobile subscription mark by December 2013, with emerging markets as major drivers of the growth engine, according to a new study by Pyramid…
- 9 Feb 2024
MultiChoice Agrees to Pay N35.4Bn as Part of FIRS Tax Claim
MultiChoice Group has agreed to pay N35.4 billion as part of its tax obligations to the Federal Inland Revenue Service (FIRS). This is about 10per cent of the initial claim filed by the Nigerian tax…
- 7 Oct 2024
Moody Says MTN, LIT Exposed to Currency Volatility, Inflation Risks in Nigeria, Others
MTN and Liquid Intelligent Technologies (LIT) are exposed to inflation and currency depreciation in their South Africa, Zimbabwe and Nigerian markets, said Moody’s Ratings, adding though that…
- 17 Mar 2026
Nigeria, Ghana Trigger Stunning 45 Percent Surge in MTN Dividends
MTN Group delivered impressive financial and operational achievements for 2025, boosted by strong performances in MTN Nigeria and MTN Ghana, as well as solid earnings from MTN South Africa. The three…
- 9 Jan 2014
SA Telcos Rue Shrinking Revenue, Eye Enterprise Market Elsewhere
Operators in South Africa telecoms market are seeking opportunities in enterprise market for long-term growth after recent trading result saw revenue tumbling to record lows. Business Monitor, the…
- 21 Mar 2021
MTN Having Difficulties Repatriating over N106Bn Profit from Nigeria- CEO
MTN group has said that it is yet to repatriate over N106bn about R4.2bn (south African currency) profits made from Nigeria back to South Africa due to the challenge of accessing foreign currency.…
- 22 Jul 2026
IMF Sees 4% AI Growth Boost for Africa
Accelerating artificial intelligence (AI) adoption could increase Africa's GDP by up to 4% over the next decade, according to the International Monetary Fund (IMF). In a report released on Tuesday,…
- 26 Nov 2024
Prepaid debit cards can enable companies to take advantage of increased intra-African trade
By Amber Thetford As businesses seek to expand across African borders, cashless payment solutions offer a safer method of transferring money. One offering, prepaid debit cards, provides security…
- 21 Jul 2021
FG Flies the Flag for Corporate Tax Self-Harm- Report
In Nigeria, only one of death and taxes is certain, according to Reuters. Growing international pressure to fight climate change means Africa’s biggest economy needs to wean itself off its unhealthy…
- 27 Aug 2019
FIRS Imposes VAT on Online Transactions Jan 1
Babatunde Fowler, chairman, Federal Inland Revenue Service (FIRS) has said that Nigerian banks would start charging Value Added Tax (VAT) on local and foreign online transactions from January 2020.…
- 7 Apr 2026
Multichoice Bleeds Customers in South Africa, Loses 580,000 Subscribers
Rising cost of living, currency depreciation, and competition from streaming services have all conspired to see MultiChoice lose 589,000 South African subscribers in its latest financial year. The…
- 10 Mar 2018
MTN Cuts 2018 Dividend to Reduce Debt
MTN Group, South African telecoms firm has cut its 2018 dividend to cut debt but outlined increases in the next three to five years, lifting sentiment in the firm which some investors had expected to…
- 20 May 2017
MTN Mulls Acquisition of MultiChoice Africa
Naspers Limited, parent company of MultiChoice Africa, is having discussions with MTN, South African telecommunications company, regarding the sale of the company. MultiChoice Africa is the franchise…
- 9 Aug 2019
MTN Reports Solid First Half Financial Results
MTN Group has announced an encouraging set of results for the six months ended 30 June 2019 in the context of difficult trading conditions across its major markets. Commenting on the results, Rob…
- 16 Sept 2021
Nigeria-South Africa Chamber Harps on Adopting Digital Solutions
Accelerating digital transformation for the Nigerian SME was the central focus of discourse at the August edition of the Nigeria-South African Chamber of Commerce breakfast meeting. Lynda…