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MTN Nigeria

MTN Shareholders, Karl Toriola Lose N581.57bn Within Three Days

MTN Nigeria chief executive officer, Karl Toriola, and the network provider’s shareholders lost a total of N581.57 billion within three days, Monday, December 22, and Wednesday, December 24, according to Prime Business Africa’s analysis. The shareholders recorded the loss after the company’s

December 26, 2025

Business·Top Stories

MTN Nigeria Earns N1.22trn From Data Sale In Six Months

In the second quarter (Q2) of 2025, MTN Nigeria generated N1.31 trillion in revenue, surpassing the N786.13 billion recorded in the same period in 2024, representing an increase of 67.88 percent. A broader look showed that MTN recorded N2.37 trillion in the

August 4, 2025

News

Roaming Agreement With MTN: A Bold Resurgence For 9Mobile, Says CEO Banigbe

CEO of 9Mobile, Obafemi Banigbe, has said the national roaming agreement with MTN Nigeria marks a bold resurgence for the telecom company. MTN Nigeria Communications Plc and Emerging Markets Telecommunications Services Limited (9mobile) signed a three-year national roaming agreement, approved by the

July 4, 2025

Business·Top Stories

MTN Nigeria Shareholders Lose N104.97bn After Board Member Sells Off Shares

MTN Nigeria shareholders lost N104.97 billion combined within five days after Eyitope Kola-Oyeneyin, a board member, sold her stake in the telecommunications company on Monday, May 19. Kola-Oyeneyin sold the shares five months after she was appointed as a member of the

May 26, 2025

Business·Top Stories

MTN Nigeria Records N1trn Revenue In Three Months — After Raising Data Prices

MTN Nigeria’s total revenue hit N1.05 trillion in the first quarter (Q1) of 2025, surpassing the N752.98 billion recorded between January and March 2024 by 40.5 percent. In its unaudited financial results for the quarter ended March 31, 2025, data revenue accounted

April 30, 2025

Markets

MTN Investors Earn N944bn In Three Months As Airtel’s Shareholders Record Zero

MTN Nigeria investors had much to celebrate at the end of the first quarter in 2025 compared to shareholders of their market rivals, Airtel Africa. According to Prime Business Africa’s analysis of their stock market performance in Q1 this year, the publication

April 16, 2025

Business·Technology

Renewal Of MTN Nigeria Spectrum Lease With NTEL Boosts Connectivity Across States

Following approval by the Nigerian Communications Commission (NCC), MTN Nigeria Communications PLC (MTN Nigeria) has renewed its spectrum lease agreement with Natcom Development and Investment Limited (NTEL). This extension builds on a partnership that started in 2023 when NCC authorised a spectrum

December 26, 2024

Financial Obligations Force MTN Nigeria To Borrow N125bn From Commercial Paper Investors

Business·News

MTN MoMo PSB Revenue Rises By 8.1%, As Active Wallet Users Hit 5.3 Million In 2023

MTN Nigeria has announced that revenue from its MoMo Payment Service Bank (PSB) increased by 8.1 per cent while active customers enrolled on the wallet platform reached 5.3 million by December 2023.

March 3, 2024

News

NCC Halts Impending Telecom Disruption As MTN, Glo Reach Agreement

Nigerian Communications Commission (NCC) has announced the suspension of the disconnection of Globacom Limited by MTN Nigerian Communications Plc. due to a lingering interconnection debt dispute.

January 18, 2024

MTN Service Down Time Caused By Damaged Undersea Cables

Business

MTN Plans Financial Expansion With N52.895bn Recapitalization

MTN Nigeria has announced its plans to issue two series of commercial papers valued at N52.895 billion, signaling a strategic move to diversify its financing options. The company’s Secretary, Uto Ukpanah, confirmed this development in a corporate notice filed with the Nigerian

November 3, 2023

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MTN Nigeria

MTN Shareholders, Karl Toriola Lose N581.57bn Within Three Days

MTN Nigeria Earns N1.22trn From Data Sale In Six Months

Roaming Agreement With MTN: A Bold Resurgence For 9Mobile, Says CEO Banigbe

MTN Nigeria Shareholders Lose N104.97bn After Board Member Sells Off Shares

MTN Nigeria Records N1trn Revenue In Three Months — After Raising Data Prices

MTN Investors Earn N944bn In Three Months As Airtel’s Shareholders Record Zero

Renewal Of MTN Nigeria Spectrum Lease With NTEL Boosts Connectivity Across States

MTN MoMo PSB Revenue Rises By 8.1%, As Active Wallet Users Hit 5.3 Million In 2023

NCC Halts Impending Telecom Disruption As MTN, Glo Reach Agreement

MTN Plans Financial Expansion With N52.895bn Recapitalization

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