MTN Nigeria

Champion Breweries, MTN, Others Increase Nigerian Stock Market Valuation By N1.15trn

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

Prime Business Africa

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

Prime Business Africa

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

Prime Business Africa

April 16, 2025

Business·Tech News

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

Victor Ezeja

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.

Victor Ezeja

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.

Emmanuel Ochayi

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

Emmanuel Ochayi

November 3, 2023

Business

MTN Records 75.7% Decline On PBT In Q3

MTN Nigeria Communications Plc reported a 75.7% decline in its profit before tax (PBT) for the third quarter of 2023, amounting to N32.08 billion. This contrast with the N132.04 billion recorded in

Emmanuel Ochayi

October 30, 2023

Business·News

Tribunal Orders MTN To Pay $72.5m For Tax Evasion, Exempts Penalties, Interest

The Lagos Zone Tax Appeal Tribunal has ordered MTN Nigeria Communications to pay a sum of $72,551,059 million, an equivalent of N59, 298,475,000 billion back taxes to the Federal Inland Revenue Services

Emmanuel Ochayi

October 26, 2023

Business

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

MTN Nigeria said its commercial paper issuance was oversubscribed in the capital market, leading to the company raising N125 billion, a statement released to the Nigerian Exchange Limited disclosed. The telecommunications company

Fakoyejo Olalekan

August 31, 2023

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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

MTN Records 75.7% Decline On PBT In Q3

Tribunal Orders MTN To Pay $72.5m For Tax Evasion, Exempts Penalties, Interest

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

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