MTN

Stakeholders berate MTN over persistent default, abuse of law
Business Business News MTN Taiwo Oderinde

Stakeholders berate MTN over persistent default, abuse of law

MTN •Tasks group on best practice, accountability Following double sanctions slammed on the MTN Group over allegations of illegal repatriation of $8.13 billion, and another $2 billion in outstanding taxes, capital market stakeholders believe these are a ‘dent’ on the firm’s corporate governance image. They urged MTN to entrench best […]

Associations decry MTN fines, expert says it is “corporate mugging”
Communications Gbenga Adebayo MTN Oulsola Teniola

Associations decry MTN fines, expert says it is “corporate mugging”

Engr. Gbenga Adebayo, Chairman, Association of Licensed Telecommunications Operators (ALTON) The dust has yet to settle over the recent order given to MTN Nigeria by the Central Bank of Nigeria (CBN) to refund $8.134 billion illegally repatriated between 2007 and 2015; and the allegation of $2 billion tax evasion. Telecom […]

Telecoms operators end Q2 with 9.04% growth
9Mobile Airtel Globacom MNOs Mobile Networks Operators MTN NCC Nigerian Communications Commission Technology Telecoms

Telecoms operators end Q2 with 9.04% growth

A telecoms mast Despite several challenges confronting telecoms operators individually and collectively in the country, there was an appreciable growth rate in quarter two.     Quarter two, which ended in June showed that the Mobile Networks Operators (MNOs) combined saw a 6.12 per cent growth rate from 2.92 per […]

Whistleblower led to the MTN $8.1 billion probe – Official
Attorney General Business Communications MTN MTN fine Tax arrears Technology Telecoms

Whistleblower led to the MTN $8.1 billion probe – Official

FILE PHOTO: An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS/Afolabi Sotunde/File Photo According to the office of the Attorney General of the Federation, a whistleblower prompted an investigation into alleged MTN infractions that last week led to a demand for […]

MTN’s $236 million offering in Ghana falls short of target
Business Communications Ghana Malam Garba Kurfi Moses Igbrude MTN Nigerian Stock Exchange NSE SEC Securities and Exchange Commission

MTN’s $236 million offering in Ghana falls short of target

MTN Group’s unit in Ghana raised 1.1 billion cedis ($236 million), selling about a third of the shares made available in an initial public offering, according to a document seen by Bloomberg MTN, Africa’s biggest mobile-phone company by subscribers, sold 1.5 billion securities of the initial agreed 4.6 billion shares […]

MTN boosts freestyle football, sponsors 2018 African Championship in Lagos
2018 African Championship Football Lagos MTN Sport

MTN boosts freestyle football, sponsors 2018 African Championship in Lagos

MTN Nigeria CEO, Ferdie Moolman Africa’s biggest network operator by subscriber base and most admired African brand, MTN Group, has lent its support to the development of Freestyle Football on the continent with the sponsorship of the maiden edition of the 2018 Africa Freestyle Football Championship. The 2018 Freestyle Football […]

Why multinationals, IOCs defy listing on NSE 
Austine Avuru Business Business News MTN Nigerian Stock Exchange

Why multinationals, IOCs defy listing on NSE 

Efforts by the Nigerian Stock Exchange (NSE), to woo multinational companies in the telecoms, and oil and gas sectors to list on the nation’s bourse may continue to ‘hit a brick wall’, unless government withdrew completely from private business. More so, regulators must interface with government to create appropriate regulation, […]

NLC vows to continue picketing of MTN over non-unionisation of workers
Appointments Ayuba Wabba MTN NLC

NLC vows to continue picketing of MTN over non-unionisation of workers

President of Congress, Ayuba Wabba,. PHOTO: YOUTUBE Faults NCC’ silence  The Nigeria Labour Congress (NLC) has vowed to continue picketing the premises of telecommunication giants, MTN, until all its workers are allowed to belong to labour unions of their choice.  President of Congress, Ayuba Wabba, who disclosed this in Abuja, […]

SEC tasks MTN on official filing of IPO prospectus, says commission willing to provide support
Mary Uduk MTN SEC Technology Telecoms

SEC tasks MTN on official filing of IPO prospectus, says commission willing to provide support

Acting Director-General of the Securities and Exchange Commission (SEC), Mary Uduk has tasked MTN Group on official filing of the Initial Public Offering (IPO) prospectus to the commission. Uduk, while reacting further over recent media reports that MTN Nigeria is good to go with the Nigeria Listing, stated categorically that […]