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Tag "MTN Nigeria"
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A federal high court in Ikoyi has set the hearing of a court case between MTN Nigeria and the attorney-general of the federation for January 30, TheCable can report. In September 2018, Abubakar Malami, the attorney general of the federation, demanded that the telco pay $2 billion in tax arrears. The arrears requested cover import duties, VAT and withholding taxes on foreign [...]
MTN Nigeria says there is a need for dialogue among stakeholders to resolve issues around proposed charges on unstructured supplementary service data (USSD) channels. In a statement, Uto Ukpanah, the company secretary, said the company initially resisted calls for end-user billing as suggested by the chief executive officers of deposit money banks. MTN said it relented after exhausting avenues for engagements. It [...]
The chief executive officers of deposit money banks in the country have denied directing MTN Nigeria to charge customers for using unstructured supplementary service data (USSD) channels. In a joint statement released on Tuesday, the bankers said the charges on financial transactions have not been changed. "Our attention has been drawn to SMS sent on Saturday 19th October by MTN Nigeria Communications [...]
The Securities and Exchange Commission (SEC) is reviewing a petition against the appointment of some members of the newly appointed board of MTN Nigeria, TheCable can report. This is coming after the Human and Environmental Development Agenda (HEDA) petitioned SEC on the appointments and gave the commission 14 days to sack them. In a letter written in response to HEDA and seen [...]
The Human and Environmental Development Agenda (HEDA) has given the Securities and Exchange Commission (SEC) a 14-day ultimatum to delist some members of the newly constituted board of MTN Nigeria. In a petition sent to Mary Uduk, the acting director-general of SEC, HEDA said the new board members were "picked to offer the South African communications concern undue advantage in Nigeria's [...]
Some offices and service outlets belonging to MTN Nigeria have been reopened after a two-day closure, TheCable can report. Some MTN facilities in Lagos, Ibadan and Uyo were attacked during protests against xenophobic attacks carried out on Nigerians living in South Africa. Other shops including Shoprite and PEP were also affected. According to sources within the company, some outlets were opened on Friday [...]
The market capitalisation of shares belonging to MTN Nigeria on the Nigerian Stock Exchange dropped by N30.5 billion at the end of the trading on Wednesday. MTN's shares, which opened at N140 per share, lost N1.50 to close at N138.50. The telecommunications company, which is Nigeria's largest, announced in a statement on Wednesday that all its offices and service centres will be [...]
MTN Nigeria has announced a closure of all its service outlets and offices till further notice. In a statement released on Wednesday, the telecommunications company said it has confirmed attacks on its facilities in Lagos, Ibadan and Uyo. "MTN Nigeria Communications PLC confirms that over the last day, our facilities, customers and some of our stakeholders have been the subject of attacks [...]
It will go down in history that MTN Nigeria Communications spent two days as the largest company by market capitalisation on the Nigerian Stock Exchange (NSE). At the close of trading on Thursday, MTN's market capitalisation was N2.80 trillion while Dangote Cement's market capitalisation was N2.84 trillion. Shares belonging to both companies were among the top gainers on the bourse. MTN's shares gained [...]
Investors on the Nigerian Stock Exchange (NSE) on Wednesday reacted positively to the inauguration and assignment of ministers to various portfolios by President Muhammadu Buhari. The All-Share Index rallied by 294.32 points to close at 27,352.94 against 27,058.62 on Tuesday. Market capitalisation was also up by N120 billion to close at N13.3 trillion, this is the biggest gain recorded in two months. The [...]
MTN Nigeria has become the largest company by market capitalisation on the Nigerian Stock Exchange (NSE). At the end of trading on Monday, MTN Nigeria's shares closed at N138.70 per share bringing the company's market capitalisation to N2.82 trillion as against Dangote Cement's N2.81 trillion. Shares belonging to Dangote Cement closed at N164.5 per share. In May when MTN Nigeria listed on the [...]
Ernest Ndukwe, former chairman of the Nigerian Communications Commission (NCC), has been appointed as the chairman of MTN Nigeria. In a notice sent to the Nigerian Stock Exchange (NSE) on Wednesday, the company announced that Pascal Dozie will handover as chairman in September and Ndukwe's tenure will be effective from September 2. Pascal, who was also the founder of Diamond Bank Plc, [...]
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 [...]
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 [...]
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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