Tuesday, October 15, 2019

Tag "MTN"

    PHOTOS: Shoprite, DStv back to life at Ikeja mall but MTN office remains closed

PHOTOS: Shoprite, DStv back to life at Ikeja mall but MTN office remains closed

Activities have resumed at Shoprite and DStv offices at the Ikeja City Mall in Lagos, days after protesters targetted South African-owned businesses across the country over the xenophobic attacks.Although violence was not recorded at the Shoprite outlet in Ikeja, it suspended operations around 4pm on Tuesday, five hours ahead of its normal time for closing.However, there were cases of violence at Surulere [...]

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    Xenophobia: Oshiomhole asks FG to take over MTN

Xenophobia: Oshiomhole asks FG to take over MTN

Adams Oshiomhole, national chairman of the All Progressives Congress (APC), has asked the federal government to take over MTN in order to send a strong message to South Africa over the attacks on Nigerians based in the country.On Monday, shops and properties of Nigerians were looted and destroyed in different parts of South Africa.Speaking with journalists on Thursday in Abuja, [...]

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    ‘The future is built on enhanced connections’ — MTN rejects xenophobia

‘The future is built on enhanced connections’ — MTN rejects xenophobia

MTN Nigeria has condemned the xenophobic attacks against foreigners in South Africa and the reprisals in Nigeria.In a statement issued on Thursday by Ernest Ndukwe, its chairman, said the company rejects all acts of violence.It sympathised with those affected by the crisis while calling for peace, saying "it is in all of our interests to work together".The telecommunication giant is [...]

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    VIDEO: Angry youth break into MTN office in Abuja, vandalise equipment

VIDEO: Angry youth break into MTN office in Abuja, vandalise equipment

Some youth broke into an office belonging to MTN in Mararaba, a suburb of Abuja, on Wednesday, vandalising some equipment.In the video, one of the attackers could be seen destroying MTN solar power box known as "Lumos Mobile Electricity", while another carted away with a television set.This happened less than 24 hours after protesters set an MTN office on fire in Bodija, Ibadan, [...]

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    PHOTOS: Burnt MTN office in Ibadan

PHOTOS: Burnt MTN office in Ibadan

On Tuesday evening, an angry mob set ablaze an MTN office in Bodija area of Ibadan, Oyo state capital, over xenophobic attacks on Nigerians in South Africa.The violence against foreign nationals in South Africa had sparked nationwide outrage.The office had earlier been shut when protesters attempted to vandalise it during the day but security operatives resisted the attack.However, some individuals [...]

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    MTN office attacked in Abuja as mob lights bonfires at Shoprite outlet

MTN office attacked in Abuja as mob lights bonfires at Shoprite outlet

The MTN office located in Karu, a suburb of Abuja, has been vandalised by some Nigerians protesting against the xenophobic attacks on fellow citizens in South Africa.There was also pandemonium at Shoprite, Lugbe, along airport road, Abuja, on Wednesday as police fired teargas canisters to stop a mob from setting the shopping mall on fire.The protesters, who were on the [...]

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    Angry mob sets MTN office on fire in Ibadan

Angry mob sets MTN office on fire in Ibadan

An office of telecommunication giant, MTN, has been set on fire in the Bodija area of Ibadan, Oyo state capital.TheCable gathered that the office had earlier been shut over widespread attacks on South African companies in the country.Protesters had attempted to vandalise the office during the day but security operatives resisted the attack.However, some individuals reportedly regrouped at night and [...]

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    Airtel overtakes Globacom to become Nigeria’s second largest network

Airtel overtakes Globacom to become Nigeria’s second largest network

Airtel Nigeria is now the second-largest telecommunications service provider in the country.According to the July subscriber data released by the Nigerian Communications Commission (NCC), Airtel gained a total of 906,400 customers in July to become second.Airtel currently has 123,327 subscribers more than Globacom that has occupied the position for years.In total, there are now 174,668,626 active GSM lines in the [...]

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    MTN drags FIRS to tribunal over taxation of N330bn fine

MTN drags FIRS to tribunal over taxation of N330bn fine

MTN Nigeria says there is a technical disagreement between it and the Federal Inland Revenue Service (FIRS), on how the 2015 fine should be treated for tax purposes.Onome Okwah, MTN's corporate affairs manager, made this known in a statement released on Friday.Okwah said MTN has taken the matter to the tax tribunal set up by the FIRS chairman and minister [...]

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    NANS shuts MTN, DStv offices in Kaduna, Benue over attacks on Nigerians in S’Africa

NANS shuts MTN, DStv offices in Kaduna, Benue over attacks on Nigerians in S’Africa

The National Association of Nigerian Students (NANS) shut down offices of MTN and DStv in Benue and Kaduna states on Thursday in protest of the killing of Nigerians in South Africa.Both organisations are owned by South Africa. While Abah Owoicho, NANS deputy zonal coordinator, zone C, led the protest in Benue, Dominic Philip, the organisation’s director of travels and exchange, led protesters [...]

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    Next to Dangote, gained N183bn in 16 mins — 7 things to know about MTN listing

Next to Dangote, gained N183bn in 16 mins — 7 things to know about MTN listing

On Thursday, MTN made history as the first telecommunication major in Nigeria to be listed on the country's stock exchange.Pascal Dozie, MTN Nigeria chairman, who spoke at the historic event, said: “Today is a major milestone in the evolution of MTN in Nigeria and it is fitting that it takes place 18 years to the day since I made the [...]

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    After 18 years, MTN lists on NSE — adds N1.83trn to market cap

After 18 years, MTN lists on NSE — adds N1.83trn to market cap

MTN Nigeria has finally been listed on the Nigerian Stock Exchange.The telecommunications giant was listed on the industries sector of the national bourse, 18-years after its first investor call was made by Pascal Dozie, the brain behind the Diamond Bank."Our MTN Chairman & CEO have been presented with the official plaque, commemorating this monumental milestone in yet another historical moment [...]

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    MTN vs FG: Court strikes out AGF’s objection to damages suit

MTN vs FG: Court strikes out AGF’s objection to damages suit

The federal high court in Abuja has struck out a suit by the office of the attorney-general of the federation (AGF) seeking to make null and void the damages demanded by MTN.MTN had sued the government on grounds that the AGF lacked the power to deal with issues around tax and customs duties.In September 2018, the AGF had demanded that [...]

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    Glo gains over 400,000 new customers despite decline in total GSM subscribers

Glo gains over 400,000 new customers despite decline in total GSM subscribers

Globacom (Glo) has recorded the highest number of subscribers for the month of February, data by the Nigerian Communications Commission (NCC) has shown.In it’s monthly subscriber/operator data report for February, the regulatory body revealed that Glo added 400,879 new subscribers to it’s network for the month under review.The increase for Glo comes despite a reduction in active subscribers on [...]

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    MTN launches ‘affordable’ smartphone

MTN launches ‘affordable’ smartphone

MTN Nigeria has launched its first affordable smartphone powered by Kai Operating System (KaiOS).Speaking at the launch of the smartphone in Lagos, Rahul De, chief marketing officer (CMO) of MTN Nigeria, described development as a way of making smartphones affordable in the country and to also reach more people with internet services.“Affordability of smart phones is a major challenge in [...]

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    MTN sues Kogi, demands N5m over base station shutdown

MTN sues Kogi, demands N5m over base station shutdown

MTN Nigeria has dragged the Kogi state government to court over the lockdown of its base station in Lokoja, the state capital, since January 23.Tobechukwu Okigbo, MTN’s corporate relations executive, on Tuesday, announced that the telco is suing the state government N5 million for damages.The state government had shut down the station, leading to a disruption in services, over the alleged failure [...]

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Exchange Rates

October 14, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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