30 results
- 10 Jul 2025
AfCFTA Credit Fund Makes First Investment With $10m Loan
The Credit Fund of the AfCFTA Adjustment Fund has successfully closed its first investment, committing $10 million to Telecel Global Services Ltd, through a senior secured amortising loan. The…
- 7 May 2012
Airtel Gains Big in Africa, Profit Soar
Airtel, the Indian telecom operator with spread in Nigeria and 16 other African countries has reported robust revenue of $3,723 Million, a 15 per cent increase year-on-year for the fourth quarter…
- 8 Jan 2013
NNPC Borrows $1.5Bn to Pay Fuel Debts
Nigerian National Petroleum Corporation (NNPC) has obtained a $1.5 billion syndicated loan to help it pay debts to international fuel traders, Reuters reported Monday, quoting a senior banking source…
- 18 Jul 2014
AfDB Issues Inaugural Local Currency Bond in the Nigerian Capital Market
After receiving the Securities and Exchange Commission (SEC) of Nigeria’s approval to establish a NGN 160 billion Medium Term Note (MTN) Programme and “No Objection” from the SEC to start the book…
- 17 Nov 2014
Rocket Internet to Launch 10 Start-ups in 2015
Rocket Internet, the global e-commerce investor, expects to launch at least another 10 start-ups in 2015 and said it would work more closely with Facebook (FB.O) on advertising. Rocket Internet,…
- 19 Jan 2015
NIALS Reveals Cloud Computing Inhibitive Factors in Nigeria
An in-depth independent research by the Nigerian Institute of Advanced Legal Studies (NIALS) , research focused on the Gaps in Data Privacy and Security in cloud services, has revealed…
- 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…
- 23 Jul 2015
Airtel Plans Sale of Subsidiaries’ to Boost Nigerian Operations
Bharti Airtel has commenced final talks to sell four of its African subsidiaries to France’s Orange SA for $1bn (N197bn) in order to consolidate its stake in Nigeria. After the sale, which should be…
- 27 Jul 2016
Nigerian Losses Drag Bharti Airtel Profit
Bharti Airtel reported a 30.8 percent fall in first-quarter net profit on Wednesday, blaming an adverse foreign exchange impact in Nigeria, although it beat analysts' estimates. Consolidated net…
- 5 Aug 2016
MTN Reports $357m Loss, Slashes Dividend
MTN Group Ltd, Africa’s biggest mobile phone operator reported a $357 million half-year loss on Friday and cut dividend payouts, following regulatory fine in imposed on the operators by the Nigerian…
- 28 Dec 2017
MTN Assigns $231M Shareholder Loan to IHS
MTN Group, Africa’s biggest mobile phone operator, said yesterday it had assigned a $231 million shareholder loan to phone tower group, IHS Holding Ltd, impacting its 2017 profits. MTN, which…
- 8 Mar 2018
MTN Returns to Profitability in 2017 Annual Report
MTN's earnings swung back to profit for the year ended 31 December 2017, although the strong rand dented revenue growth and new subscriber definitions saw active customer numbers tumble. The telco…
- 8 Aug 2018
Nigeria, Ghana Markets Boost MTN’s Half Year Results
Half-yearly results issued by MTN yesterday show an improved performance in constant currency over the six months to 30 June 2018, with stand-out performances by Nigeria, Ghana and South Africa. The…
- 29 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…
- 24 Apr 2019
MTN Nigeria Changes to Plc, to List by Introduction on NSE
MTN Nigeria has announced that it has completed its conversion from a private company to a public company- one step closer to listing on the Nigerian Stock Exchange (NSE). MTN would however…
- 15 May 2019
MTN Nigeria Lists on Nigerian Stock Exchange Today
The long awaited listing of MTN Nigeria on the Nigerian Stock Exchange will hold today. This is sequel to the telecom giant receiving approval to list on the Premium Board of The Nigerian Stock…
- 28 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…
- 8 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…
- 12 Aug 2019
MTN to Focus on FinTech, Others
MTN said it will prioritise its FinTech operation, mobile money, recovery of prepaid, 4G coverage, Ayoba and MusicTime, as part of its business objectives for the second half of 2019. The…
- 12 Aug 2019
MTN to Focus on FinTech, Others
MTN said it will prioritise its FinTech operation, mobile money, recovery of prepaid, 4G coverage, Ayoba and MusicTime, as part of its business objectives for the second half of 2019. The…
- 11 Mar 2020
MTN Group Records Commercial Momentum in Financial Report
MTN Group on Wednesday announced an encouraging set of results for the year ended 31 December 2019. The group also announced the stepping down of Rob Shuter, group president and CEO at the end of his…
- 24 Apr 2020
MTN Group to Reduce Stake in Nigeria
MTN Group Ltd will push on with the plan to reduce its majority stake in its Nigerian business but the turmoil caused by the coronavirus (COVID-19) pandemic may require the sale to be done in smaller…
- 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.…
- 2 May 2021
MTN Nigeria’s Mobile Subscribers Decline by 5 Million to 71.5 Million in Q1 2021
MTN Nigeria Communications Plc has announced its unaudited results for the quarter ended 31 March 2021. The telecom company in a released unaudited result, reveals that its mobile subscribers…
- 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,…
- 9 Jun 2021
MTN Nigeria Says Strong Performance Due to Cost Optimisation Measures
MTN Nigeria Communications Plc recorded strong performance in the 2020 financial year, despite the challenging operating conditions during the year caused by the COVID-19 pandemic. In the year, the…
- 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…
- 31 Jul 2022
MTN Rakes in N947Bn Revenue as PAT Grows 28% to N181.6Bn
MTN Nigeria has recorded a 28.1 per cent rise in profit after tax (PAT) to N181.6 billion in the first half of the year, with profit before tax (PBT) up by 24.9 per cent to N268.6 billion and…
- 4 Oct 2023
DataPro Assigns FBNQuest ‘A+’ Rating
Credit rating agency, DataPro, has assigned a rating of ‘A+’ to FBNQuest Asset Management Limited for the year 2023/2024. This was disclosed in the latest rating report from the agency. An ‘A+’…
- 1 Mar 2024
Breaking....MTN Recommits to Nigeria after Plunging Naira Deals Heavy Blow on Profit
MTN Nigeria Plc has reported a N177.8 billion pre-tax loss in its 2023 financial statement. Karl Toriola, chief executive officer, MTN Nigeria The loss compared to a N518.8 billion pre-tax profit it…