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MTN Nigeria - Page 5

Amid Lawsuit, FG Removes 5% Excise Duty On Calls, Data

Bank Customers Risk Losing Access To USSD Service, As Network Providers Threaten Banks

Customers of Nigerian banks risk losing access to the Unstructured Supplementary Service Data (USSD) of the firms, as MTN Nigeria, Airtel and other telecommunications company threaten to shut it down. Nigerian banks are said to be owing network providers about N80 billion

September 29, 2022

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

Business

MTN Nigeria Debt Set To Rise, As SEC Approves New N100 billion Loan

The Securities and Exchange Commission (SEC) has approved request by MTN Nigeria to register a new N200 billion Bond Issuance Programme, as the telecommunications firm seek new capital. The GSM company, in a statement released on Thursday, said it had registered the

September 16, 2022

MTN Service Down Time Caused By Damaged Undersea Cables

Business

MTN 5G Broadband Sells At N50,000

MTN Nigeria has begun sale of 5G broadband after becoming the first Nigerian telecommunications firm to roll out the fifth-generation technology standard for broadband cellular networks on August 24, 2022. The network provider had secured the 5G spectrum alongside Mafab Communications Limited

September 2, 2022

Business

MTN Lists 7 Nigerian States To Enjoy New 5G Network, Beats Mafab To Test-run

Days after Mafab Communications reported it hit a setback in its new 5G network rollout, MTN Nigeria has began to connect its subscribers in seven states across the country, leaving out 29 others. MTN Nigeria said the test run of the 5G

August 24, 2022

Business

Nigerian Gov’t Grants Mafab Communications 5-month Extension To Roll Out 5G Network

The Nigerian Communications Commission (NCC) has extended Mafab Communications’ 5G rollout timeframe, as the company announces it will miss the August 2022 deadline. Recall that the NCC had given MTN Nigeria and Mafab Communications nine months to rollout their 5G network after

August 22, 2022

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

Nigerian Stock Market: Investors Lose N16.75 billion In Six Hours

Nigerian bourse fell -0.06% on Wednesday, representing a loss of N16.75 billion. This dragged the market capitalisation down to N27.28 trillion from N27.30 trillion. The All-Share Index lost 31.07 basis points from the 50,626.04 ASI recorded on Tuesday, declining to 50,594.97 ASI.

August 3, 2022

Business·Insights

How MTN Nigeria Investors Lost N742.93 billion In Two Days

As the capital market nosedive, investors in MTN Nigeria are counting their losses, as shareholders investment in the telecommunications company depreciated significantly. Within two days, MTN Nigeria investors lost -15.9% of their investment due to sell off among shareholders, reflecting dwindling confidence

July 26, 2022

Elon Musk Joins Network Operator To Offer Smartphone Service Under Water, Remote Areas

Business

Elon Musk Says His Internet Company, Starlink, Will Compete With MTN In Nigeria From August

Internet company, Starlink, owned by world richest man, Elon Musk, will commence operation in Nigeria next month, three months after receiving operational approval from the Nigerian government. Musk disclosed that by August, Starlink’s service will go live in Nigeria, competing against existing

July 25, 2022

Business

10 Highest Paying Nigerian Companies In 2021

The top ten highest paying companies per staff in Nigeria as of 2021 is dominated by commercial banks or financial institutions, with MTN, Seplat and Lafarge leading the list, which showed 50 largest companies in the country paid N846.88 billion as salary.

June 28, 2022

Business

Airtel, MTN, 9mobile Are Biggest Losers, As Nigerians Leave Network For Rivals

In the last four months, Airtel, 9mobile and MTN Nigeria were the biggest losers in the telecommunications market, as over 15,000 network users left one telco to the other, using the porting channel. The porting channel is used by subscribers who don’t

June 7, 2022

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MTN Nigeria - Page 5

Bank Customers Risk Losing Access To USSD Service, As Network Providers Threaten Banks

MTN Nigeria Debt Set To Rise, As SEC Approves New N100 billion Loan

MTN 5G Broadband Sells At N50,000

MTN Lists 7 Nigerian States To Enjoy New 5G Network, Beats Mafab To Test-run

Nigerian Gov’t Grants Mafab Communications 5-month Extension To Roll Out 5G Network

Nigerian Stock Market: Investors Lose N16.75 billion In Six Hours

Elon Musk Says His Internet Company, Starlink, Will Compete With MTN In Nigeria From August

10 Highest Paying Nigerian Companies In 2021

Airtel, MTN, 9mobile Are Biggest Losers, As Nigerians Leave Network For Rivals

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