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mtn

Ghana rejects MTN’s $1.8 Million Offer for South Africa Attack Victims

August 26, 2026

Ghana has rejected a 20 million cedi ($1.8 million) donation offered by MTN Ghana to support citizens affected by recent xenophobic attacks in South Africa, saying it has made adequate financial provisions

Business News·Top Stories

MTN Fintech Revenue Plummets By 72% Over Airtime, Data Credit Service Suspension

July 31, 2026

MTN Nigeria overcame a twofold decline in its turnover from financial technology (fintech) services — driven by the temporary suspension of its airtime and data credit service — with double-digit growth in

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

Africa·Business News·News·Top Stories

MTN Uganda Blames Data Centre Power Failure as Eight-Hour Outage Disrupts Voice, Data, MoMo Services

July 5, 2026

Thousands of subscribers of MTN Uganda were left stranded on Sunday after a prolonged system outage disrupted voice calls, mobile data and Mobile Money (MoMo) services across the country, crippling communications and

News

How To Opt Out Of MTN Data Auto-Renewal: Easy Steps, Latest Codes (Image Guide)

March 2, 2026

Are you tired of those unexpected data renewals eating up your mobile credit? Say goodbye to the hassle with our comprehensive guide on how to easily opt out of MTN data auto-renewal.

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

Business News·Top Stories

MTN Nigeria’s Voice Revenue Contribution Drops, Data Accounts For 53% Of Turnover

February 27, 2026

The voice turnover to MTN Nigeria’s total revenue dropped from 38.77 percent in 2024 to 35.55 percent in 2025, according to Prime Business Africa’s analysis. Although the voice revenue increased last year

Nigeria's Economic Independence Struggle: The Foreign Telecom Giants, Naira's Dilemma

Business News·Top Stories

Investing In MTN More Profitable Than Holding Airtel’s Shares In 2025

January 19, 2026

In 2025, MTN Nigeria shares were more profitable than those of the telecommunications rival, Airtel Africa, in the Nigerian Exchange (NGX), also known as the stock market, according to Prime Business Africa’s

Business News·Top Stories

MTN Attracted More NGX Investors Than Airtel, Legend Internet In Q3 2025

November 27, 2025

MTN Nigeria closed the third quarter of 2025 as the most sought-after telecommunications stock on the Nigerian Exchange (NGX) Limited, also known as the stock market, according to Prime Business Africa’s analysis.

Business News·Top Stories

From Millionaire To Billionaire: MTN’s Bullish Run Changes Karl Toriola’s Net Worth Status

November 20, 2025

The Chief Executive Officer of MTN Nigeria, Karl Toriola, started 2025 as a millionaire shareholder, but thanks to the company’s bullish run in the Nigerian Exchange (NGX) Limited, also known as the

Business News·Top Stories

MTN Overtakes Airtel As Most Valuable Company In Nigeria

August 4, 2025

Airtel has dropped from the top spot on the list of the most valuable companies in Nigeria to the fourth position, with MTN taking over the first position, according to data obtained

News

Relief For 9mobile Customers As NCC Approves 3-year Roaming Agreement With MTN

July 2, 2025

MTN Nigeria and 9Mobile have signed a three-year national roaming agreement that enables 9Mobile subscribers to use MTN’s nationwide network infrastructure. This strategic partnership promises to transform service quality for 9Mobile’s subscribers

News

MTN Unveils $120 Million Data Centre In Lagos

July 2, 2025

MTN Nigeria on Tuesday launched the first phase of the Sifiso Dabengwa Data Centre, a $120 million Tier III facility located in Ikeja, Lagos. Touted as the largest data centre in West

Business News·Top Stories

MTN Outperforms Airtel In Stock Market In Q2 2025

June 30, 2025

MTN shares outperformed Airtel in the Nigerian stock market in the second quarter (Q2) of 2025, according to Prime Business Africa’s analysis. PBA gathered that MTN share price rose by 45.91 percent

Business News·Top Stories

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

June 5, 2025

Champion Breweries topped the list of gainers, and the Northern Nigeria Flour Mill (NNFM) led the losers’ table as the stock market capitalisation appreciated by 1.62 percent on Thursday, June 5. This

Business News·Top Stories

Stock Market Plunges As MTN, Omatek Record Losses

April 29, 2025

Over N116.28 billion was wiped off the Nigerian stock market on Tuesday, April 29, following a decline in the value of shares of MTN Nigeria, Omatek and others. This reduced the market

News

MTN Educates Customers On How To Unbar Lines

July 29, 2024

Change they say is the only constant thing in life. Perhaps one other thing that is constant in life especially in Nigeria is uncertainty. It reminds one of an old program

Business News·News·Technology

MTN, Airtel, 9mobile, Glo’s Mobile Subscriptions Drop By 5.4 Million, As NCC Enforces Mandatory NIN-SIM Linkage

May 2, 2024

Four major telecomm operators in Nigeria - MTN, Airtel, Globacom and 9mobile - have recorded a decline of 5,409,429 active mobile subscriptions within the first quarter of 2024.

Business News·News

Nigeria’s Economic Independence Struggle: The Foreign Telecom Giants, Naira’s Dilemma

February 10, 2024

In the bustling landscape of the Nigerian Stock Exchange (NGX), two foreign telecom giants, Airtel and MTN, have become towering figures, casting a shadow over the nation’s economic sovereignty. The undeniable fact

Business News·News

Globacom Denies Owing MTN Interconnect Charges, Calls Disconnection Notice False

January 9, 2024

In a twist to the ongoing narrative, Globacom Ltd, Nigerian Telecommunications Company, refuted claims of indebtedness to MTN for interconnect charges. A reliable source within Globacom disclosed that the purported outstanding amount

MTN, Airtel, Others To Bar Sim Not Link To NIN By February 2024

Business News·News

MTN, Airtel, Others To Bar Sim Not Linked To NIN By February 2024

December 19, 2023

The Nigerian Communications Commission (NCC) has instructed major telecom operators like MTN, Airtel, and Globacom to enforce complete network barring for all phone lines lacking National Identification Numbers (NINs) by February 28,

Business News·News

Nigerians Spend Over N2 Trillion On Airtime, Data In 9 Months, Reflecting Surging Internet Use

November 28, 2023

In the first nine months of 2023, Nigerian telecom subscribers’ expenditure on airtime and data skyrocketed to N2.59 trillion, as disclosed by financial statements from major telcos MTN Nigeria and Airtel Africa. This

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business News·Currency·Finance & Economy·News

8 Firms Hit By Naira Devaluation: N918.1bn Currency Revaluation Loss

November 13, 2023

In a blow to major corporations, the decline in the naira’s value has led eight Nigerian firms to declare N918.1 billion in currency revaluation losses. The naira’s slide, exacerbated by the market-driven

News

MTN Appeals Ruling Ordering It To $72.5m Tax Fine

October 31, 2023

MTN Nigeria has announced its intention to appeal the Tax Appeal Tribunal's judgment ordering it to pay $72.5 million fine to the Federal Inland Revenue Service (FIRS) for the period from 2007

News

Easy Guide To Sharing Airtime On Airtel Network With Latest Code

August 21, 2023

Do you possess an Airtel SIM card and are unsure about the process of transferring airtime within the Airtel network? Fret not, as transferring airtime between Airtel lines is a straightforward task

MTN Partners Apple Music To Offer Subscribers 6 Months Unlimited Streaming With Airtime

Technology

MTN Partners Apple Music To Offer Subscribers 6 Months Free Unlimited Streaming With Airtime

April 28, 2023

MTN has partnered with Apple Music to enable subscribers pay for service with airtime. Users can subscribe to Apple Music via USSD or SMS.

Business News·News·Sports

MTN, Nigeria Breweries Pledge N3 Million To Super Eagles MVP Winner

March 23, 2023

The Super Eagles will be bouyed for victory on Friday evening when they confront Guinea-Bissau in the first leg of a double header for the 2023 Africa Cup of Nations in Cote

NCC Urges Telecom Operators To Embrace Innovations In Sustainable Energy

News·Technology

Network Infrastructure: NCC Tasks MTN, Airtel, Glo, Others On Sustainable Energy

March 16, 2023

Amid global concerns on climate change, the Nigerian Communications Commission (NCC) has charged MTN, GLO, Airtel, 9Mobile and other mobile network operators to come up with innovations in sustainable energy while deploying

Business News·Insights

The Power of Collaboration in Growth PR: Lessons From MTN, Airtel, 9mobile

February 15, 2023

It was Valentine’s Day in Nigeria, and the air was filled with love and romance. However, something unexpected happened in the world of telecommunications, as two giant and competing brands, MTN

News·Technology

Nigeria’s Top 10 Internet Service Providers By Customer Base

December 28, 2022

The internet penetration in Nigeria at 51% is by far one of the largest in Africa. In 2022 alone, there has been an increase in the demand for companies that have indicated

Opinion·News

Why Internet Connectivity Is Poor In Nigeria

September 6, 2022

With no fewer than 568 out of 756 licensed Internet Service Providers (ISP) in comatose as at March 2022 and other challenges bedeviling that sub sector of the telecommunications industry, Nigeria may

Elon Musk Loses $2.3 billion, As Bernard Arnault Becomes Richest Man

Business News·World News

Elon Musk Offers To Import Raw Material From Nigeria For Tesla Vehicles

August 12, 2022

Nigerian government received offer from Elon Musk’s vehicle manufacturing company, Tesla, to import raw materials from the country, amid plans of his network provider, Starlink, setting up operation. According to the Minister

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

Business News

MTN Nigeria Records N1.65 Trillion Revenue In 2021, 45.5% Growth Net Profit

MTN Nigeria Communications Plc (MTN Nigeria) has announced a 22.90% growth in revenue from N1.35 trillion to N1.65 trillion in the current period. Prime Business Africa obtained this from the telecom giant’s 2021 FY Audited Financial Statement made available on the Nigeria Exchange

January 31, 2022

Editorial

Editorial: Payment Service Banks And Matters Arising

Nigerians generally hailed breakthrough by MTN and Airtel in receiving CBN approvals for Payment Service Bank (PSB) licenses. The two giants, with over 65% of Nigeria’s telecom market share, have thus been empowered in principle and subject to future agreements to operate

January 26, 2022

Technology

MTN Nigeria Launches 575 Million Shares To Retail Investors At N169 Per share

MTN Nigeria Communications Plc “MTN Nigeria” has announced the public offer to retail investors for the sale of up to 575 million shares held in MTN Nigeria by MTN Group will be priced at N169.00 per share (the Offer). The Offer will open at 8:00am

December 1, 2021

Business News

MTN, Airtel Lead Top Five Stocks As Investors Gain N252.41bn

MTN Nigeria Communications Plc and Airtel Africa Plc drove the top five stocks by value at the end of trading on the floor of the Nigerian Exchange Limited on Tuesday, with investors gaining N252.41bn. The NGX All-Share Index recorded a 1.12 per

November 10, 2021

Business News

MTN, Airtel Receive Approval to Operate Payment Service Bank

MTN Nigeria and Airtel Africa Plc have received approval in principle to operate a Payment Service Bank (PSB) in the country. The two leading telcos disclosed in regulatory filings on the Nigerian Exchange Limited (NGX) on Friday, November 5. PSB operators provide

November 5, 2021

Finance & Economy·News

Nike, Dangote, MTN, DSTV, GTBank ranked most admired brands in Africa

Brand Africa’s unveiling of top 100 most admired brands on the continent has thrown up Nike, South Africa’s MTN and DSTV as well as Nigeria’s Dangote Group and Guaranty Trust Bank (GTB) as leaders. Brand Africa had on Tuesday, May 25, 2021,

August 28, 2021

Technology·News

NCC Denies Renewing MTN’s Unified Access Service Licence

The Nigerian Communications Commission (NCC) says it has not renewed MTN Nigeria’s Unified Access Service Licence (UASL).

August 3, 2021

Technology·News

SIM Registration Suspension Cost Telcos Eight Million Subscribers In Three Months

Major telecommunication companies in Nigeria lost eight million data subscribers in three months due to suspension of SIM cards sales and registration. Information gathered from Nigeria Communications Commission revealed that between the months of March and May 2021, MTN, Airtel, Glo, and

July 30, 2021

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