Wednesday, July 17, 2019

Tag "MTN Nigeria"

    Picketing: MTN tells staff to stay away from headquarters

Picketing: MTN tells staff to stay away from headquarters

The management of MTN Nigeria has directed staffs to stay away from its headquarters in Lagos on Wednesday.This, it said, was to protect workers from planned picketing by the National Association of Nigerian Students (NANS) and some other youth-based groups.Sources at the telecommunications company told TheCable on Wednesday morning that the company received a letter from the organisations of the [...]

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    MTN Nigeria slashes data prices

MTN Nigeria slashes data prices

MTN Nigeria says that it has reduced the price of internet data for consumers on its network.Addressing journalists at the company headquarter in Lagos on Wednesday, Rahul De, MTN's chief marketing officer, said the slash was a result of the need to provide better value for customers."With the faster internet speeds delivered by the launch of 4G+, this data price [...]

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    MTN launches 4G+ in Lagos, PH and Abuja

MTN launches 4G+ in Lagos, PH and Abuja

MTN Nigeria has launched 4G+ in Lagos, Abuja and Port-Harcourt, Rivers state capital. According to a statement by the telecoms giant, it is aimed at delivering a "premium experience" to more people across the country. Explaining its features, MTN said the 4G+ service “runs on 4G LTE Advanced Technology using a combination of the recently acquired 800 MHz spectrum and 2600 MHz”. “The [...]

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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 appoints Sanusi as non-executive director

MTN appoints Sanusi as non-executive director

MTN Group says it has appointed Lamido Sanusi, emir of Kano and former governor of the Central Bank of Nigeria, as a non-executive director on its board.In a statement released on Friday, the Johannesburg-based telecommunications company also announced the appointment of Mcebisi Jonas, South Africa's former deputy finance minister, as chairman.Jonas will replace Phuthuma Nhleko, its present chairman, who is [...]

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    MTN Nigeria converts to public company ahead of NSE listing

MTN Nigeria converts to public company ahead of NSE listing

MTN Nigeria has changed its status from a private company to a public liability company (PLC) ahead of its listing on the Nigerian Stock Exchange.This conversion is one of the requirements for listing on the exchange.The company had previously announced that it looks to list on the NSE before July, saying it plans to enter the market by way of [...]

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    Nigerian tax authorities don’t have any problem with us, says MTN CEO

Nigerian tax authorities don’t have any problem with us, says MTN CEO

Rob Shuter, chief executive officer of MTN Group, says the Nigerian tax authorities do not have any problem with the company despite the demand for $2 billion tax arrears Abubakar Malami, attorney-general of the federation (AGF).Shuter spoke at a conference call where MTN’s 2018 annual results were presented to executives and stakeholders of the company.In September 2018, Malami had written to [...]

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    MTN appoints Funso Aina senior manager, external relations

MTN appoints Funso Aina senior manager, external relations

MTN Nigeria has appointed Funso Aina as senior manager, external relations.Until his latest appointment, Aina was the company’s public relations manager. He had the oversight responsibility for MTN’s reputation/perception management and stakeholder management.He was also in charge of media relations and PR leveraging for all activities including corporate sponsorship and events management.In his new role as senior manager, he [...]

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    CLOSE-UP: Pascal Dozie, the investment guru who ‘sold MTN shares’ to rescue Diamond Bank but failed

CLOSE-UP: Pascal Dozie, the investment guru who ‘sold MTN shares’ to rescue Diamond Bank but failed

Pascal Dozie, founder of Diamond Bank Plc, will remember December 17, 2018, as the day his bank began its journey into extinction. Once described by Forbes as the 'Rolling Stone That's Never At A Loss', the Imo-born businessman is known to have ties with several business enterprises.Apart from being Diamond Bank chairman, he was a former director at the Central [...]

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    CBN challenging our Nigerian listing process, says MTN

CBN challenging our Nigerian listing process, says MTN

MTN Group, the biggest telecommunication services company on the African continent, has successfully completed its listing on the Ghana Stock Exchange.In its quarterly report for the quarter ended on September 30, 2018, and released on Monday, the telco said its listing process in Nigeria is currently facing challenges from the Central Bank of Nigeria (CBN)."We successfully completed the listing of MTN Ghana. [...]

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    MTN takes N200bn loan from 12 Nigerian banks

MTN takes N200bn loan from 12 Nigerian banks

MTN Nigeria has signed an N200 billion medium-term loan agreement with 12 Nigerian banks.FBN Quest is the facility agent of the loan deal which was signed on Wednesday.According to the company, the loan is to help fund its service expansion plans to underserved and unserved parts of the country.The banks which signed the loan are Citibank Nigeria Limited, Diamond Bank [...]

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    MTN: We do not have casual employees

MTN: We do not have casual employees

Esther Akinnukawe, the human resource executive of MTN Nigeria, says the company does not have casual employees.Akinnukawe made this statement on Wednesday in reaction to allegations by the Nigeria Labour Congress that the organisation has a high percentage of casual staff.On Monday, July 9, members of the Congress embarked on a three-day protest and picketing of various MTN offices across [...]

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    MTN Nigeria adds 2.3m customers in three months

MTN Nigeria adds 2.3m customers in three months

MTN Nigeria says it added 2.3 million subscribers between January and March 2018 to report a total customer base of 54.5 million.In a statement released on Thursday by Funso Aina, the company's PR and protocol manager, it said its strong performance in the first quarter was supported by "growth in data revenue and increased scale."It said constant currency (organic) service [...]

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    You can now pay as low as ‘N200 per day’ for electricity

You can now pay as low as ‘N200 per day’ for electricity

MTN Nigeria in collaboration with Nova-Lumos has introduced mobile electricity, a service where you can have power on-demand and pay as low as N200 from your mobile phone.Lumos mobile electricity, which was launched in February, provides solar electricity for powering small electronic appliances to customers on a lease to own basis."In keeping with its commitment of improving the quality of [...]

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    Abba Kyari: I was on vacation NOT suspension

Abba Kyari: I was on vacation NOT suspension

Abba Kyari, chief of staff to President Muhammadu Buhari, has denied the rumours that he was on suspension, saying he went on a two-week leave.In an unusual manner, Kyari  stopped over at the press gallery of the council chamber while on his way to the president's office.Exchanging pleasantries with journalists, Kyari jocularly told them to tweet that he was back [...]

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Exchange Rates

July 12, 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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