Wednesday, November 21, 2018

Tag "Rob Shuter"

    MTN to acquire banking licence in Nigeria, says CEO

MTN to acquire banking licence in Nigeria, says CEO

Rob Shuter, the chief executive officer at MTN Group, says the group will acquire an independent banking licence in Nigeria by 2019.Speaking at a telecoms conference in Cape Town, South Africa on Tuesday, the MTN CEO said it will put in an application in December and should lunch the bank in second quarter 2019.“We will be applying for a payment service [...]

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    CBN sanction: MTN to use 2016 senate report in court

CBN sanction: MTN to use 2016 senate report in court

MTN Nigeria says it will use the report of the 2016 senate investigation against the Central Bank of Nigeria in court. The court hearing of the case is already before the federal high court in Ikoyi. Saliu Saidu, the judge presiding over the case, after hearing submissions from lawyers on both sides on Tuesday adjourned the matter till December 4, 2018. "At the adjourned hearing in [...]

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    Despite sanctions, MTN subscriber base hits 225.4m

Despite sanctions, MTN subscriber base hits 225.4m

MTN, Nigeria's biggest telecommunications operator, says it has recorded a 2.5 million increase in user base, despite challenges in its biggest market, Nigeria.According to its latest report released on Monday, MTN said it added 2.5 million new subscribers to hit 225.4 million users in the quarter ended September, 2018.The company added that its mobile money customers grew by 1.7 million [...]

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    MTN: Africa is not ready for super fast 5G network

MTN: Africa is not ready for super fast 5G network

Rob Shuter, MTN's chief executive officer, says Africa is not ready for 5G network adding that most phones in Africa worked fine on just 3GSpeaking at a telecoms conference in Durban on Tuesday, Shuter said Africa is likely to be ready for the super-fast technology in about five years from now.5G networks, now in the final testing stage, will rely on [...]

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    MTN: If conditions are right, we’ll list on NSE in 2018

MTN: If conditions are right, we’ll list on NSE in 2018

Rob Shuter, the chief executive officer of MTN, says the company will list on the Nigerian Stock Exchange in 2018 if the conditions are appropriate.Shuter made this known on Tuesday while speaking in Lagos after signing a partnership on mobile banking with Ecobank.Listing on the NSE  had been one of the conditions stipulated by the Nigerian Communications Commission (NCC) after MTN [...]

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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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    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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Exchange Rates

November 16, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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