Tuesday, September 25, 2018

Tag "MTN"

    MTN missing as Airtel, Glo, Smile make final five to buy 9mobile

MTN missing as Airtel, Glo, Smile make final five to buy 9mobile

MTN Group did not make it to the final five companies in the bid for 9mobile, TheCable can report.The top five bidders who made it to the next stage of the bid are Airtel, Globacom, Smile, Helios, and Teleology Holdings Limited. Out of the five, one will be the eventual buyer in a matter of weeks.In a memo seen by [...]

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    Senate clears MTN of $13bn illegal repatriation allegation

Senate clears MTN of $13bn illegal repatriation allegation

The senate says it did not find proof that MTN contravened any foreign exchange law by taking a large sum of money outside the country.In 2016, Dino Melaye, senator representing Kogi West district, had accused the telecommunications company of illegally taking $13.9 billion to its parent company in South Africa over a period of 10 years.Melaye had said MTN transferred [...]

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    NCC summons telco CEOs to Abuja, mulls prosecution over sale of pre-registered SIM cards

NCC summons telco CEOs to Abuja, mulls prosecution over sale of pre-registered SIM cards

The Nigerian Communications Commission (NCC) has summoned chief executive officers (CEOs) of major telecommunications companies in the country to its headquarters in Abuja.TheCable learnt that the commission took this step as a result of several complaints about pre-registered and fraudulently registered SIM cards being used for acts amounting to breach of security, criminality and fraud.A source said Umar Danbatta, executive [...]

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    MTN, Airtel among 16 firms ‘bidding to acquire 9mobile’

MTN, Airtel among 16 firms ‘bidding to acquire 9mobile’

Sixteen firms have launched a bid to acquire 9mobile, Nigeria’s fourth largest network operator, according to ThisDay.In July, Etisalat Group disclosed on the Abu Dhabi Stock Exchange that it had pulled out of 9mobile, formerly known as Etisalat Nigeria.The telco had defaulted on a loan repayment scheme of $1.2 billion due a consortium of 13 local banks, citing economic downturn and [...]

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    MTN appeals N4.8bn judgment in ‘wrongful employment termination’ case

MTN appeals N4.8bn judgment in ‘wrongful employment termination’ case

MTN, telecommunication giant, says it has approached a higher court to set aside a judgment by National Industrial Court against it.On Wednesday, Oyepoju Oyewumi, justice of the Ondo division of the court, asked the company to pay Paul Odunewu, a former network group operations manager of the company, N4.8 billion for alleged wrongful termination of his appointment.Odunewu had filed a [...]

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    Okigbo joins MTN as corporate relations executive

Okigbo joins MTN as corporate relations executive

The management of MTN Nigeria says it has appointed Tobechukwu Okigbo as its corporate relations executive.The company in a statement said the appointment is to provide deep insight on strategy and drive targeted engagement with critical stakeholders.MTN said Okigbo will lead its approach towards enhancing its corporate reputation and projecting its corporate citizenship status."Reputed for his exemplary work ethic and result-oriented [...]

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    After turbulence, MTN records significant profit

After turbulence, MTN records significant profit

MTN Group, South African telecommunications company, says it has recovered from the losses suffered in 2016 and recorded profit in the first half of 2017.In 2016, the company recorded its first loss in its 22 years existence and blamed the N330 billion regulatory fine imposed on it by the federal government for the loss.The Nigeria Communication Commission (NCC) imposed the fine [...]

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    Rwanda slams $8.5m fine on MTN for ‘regulatory breach’

Rwanda slams $8.5m fine on MTN for ‘regulatory breach’

Rwanda Utilities Regulatory Authority (RURA) has fined MTN Rwanda, a division of the South African telecommunications company, $8.5 million for hosting its IT services outside the country.In a statement on its website, the telecommunications regulator said MTN breached its license by running its IT services in Uganda."MTN Rwanda provided services in contravention of enforcement notice and directives issued by the [...]

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    GSM operators lost 1.66m subscribers in March

GSM operators lost 1.66m subscribers in March

The Nigerian Communications Commission (NCC) says Global System for Mobile Communications (GSM) network operators in Nigeria lost 1.66 million subscribers in March.According to the subscriber data released on the commission's website, all GSM operators, excluding Globacom recorded a decline in subscribers.NCC said the active telecommunications service customers, which was 154,120,484 in February, declined to 152,467,198 in March 2017.A total of [...]

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    MTN Nigeria revenue jumps by 11.6% despite drop in customers

MTN Nigeria revenue jumps by 11.6% despite drop in customers

Despite a 2.3 percent decline in MTN Nigeria subscriber base, the company's revenue has increased by 11.6 percent in the first quarter of 2017.MTN Nigeria says it "had a strong start to the year with an 11.6% increase in total revenue, supported by a 71.3% boost in data revenue".It adds that while the momentum is encouraging, the ongoing review of [...]

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    MTN: Why we sacked some of our workers

MTN: Why we sacked some of our workers

MTN, telecommunications giant, says it sacked some of its workersin order to increase opportunities for professionals with fresh perspectives.There had been reports that the company terminated the appointments of over 200 workers.In a statement signed by Funsho Aina, company's spokesman, MTN said the workers who have worked with the company for more than five years were allowed to pursue other [...]

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    MTN: UNIPORT is a breeding ground for future leaders

MTN: UNIPORT is a breeding ground for future leaders

MTN Nigeria says the University of Port Harcourt (UNIPORT) is one of Nigeria's foremost breeding grounds for future leaders, assuring students and leadership of the university of its unwavering support.During a visit to the school, Mohammad Siddiqui, chief operating officer of the telco, pledged the commitment of the company to supporting the development of the country’s education sector.Siddiqui said education [...]

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    MTN ‘pays another N30bn’ to FG

MTN ‘pays another N30bn’ to FG

MTN has remitted N30 billion to the federal government in part settlement of a N330 billion fine imposed on the telecoms group for not disconnecting unregistered SIM cards, Reuters said quoting a source.Having paid N80 billion in December, the current payment brings the amount paid out of the fine to N110 billion.The fine is due for payment in six instalments [...]

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    NCC queries MTN, Airtel, Etisalat over poor service

NCC queries MTN, Airtel, Etisalat over poor service

The Nigerian Communications Commission (NCC) has queried the major mobile network operators -- MTN, Airtel and Etisalat -- on the deteriorating quality of service.It has also appealed to the central bank to make forex available for the operators to address the issue of network failures.In a statement on Monday, Tony Ojobo, director public affairs of the NCC, said Umar Danbatta, [...]

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    NANS gives MTN, DSTV 48-hour ultimatum to leave Nigeria

NANS gives MTN, DSTV 48-hour ultimatum to leave Nigeria

The National Association of Nigerian Students (NANS) has given 48 hours ultimatum to all South African companies in Nigeria to relocate over the xenophobic attacks on Nigerians in South Africa.The students gave the ultimatum at a peaceful demonstration at some South African companies in Abuja on Thursday.During the march the students carried a banner, which read: ‘NANS Against Xenophobic Attacks [...]

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    Protesters attack MTN office in Abuja

Protesters attack MTN office in Abuja

Angry protesters broke into the MTN  office located at 4 Madiera street, off Shehu Shagari way, Maitama, Abuja, on Thursday.Some members of staff of the organisation and customers were said to have been attacked, while valuables were stolen.A witness, who simply identified himself as Oscar, told journalists that, but for the intervention of policemen, the protesters would have destroyed the building."The [...]

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Exchange Rates

September 24, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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