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Tag Archives: MTN NIgeria

MTN Nigeria Hits N1 Trillion Revenue Landmark, Launches Smart Feature Phone

Despite its tussle with CBN, leading Nigerian telco, MTN Nigeria, ended its 2018 on a high note. Figures from its 2018 full year investor presentation shows that the company made a revenue of N1.03 trillion in 2018. This indicates a 17.1% year on year increase from N887 billion in 2017 and accounts for 28.2% of revenue made by the entire MTN group. ...

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MTN Nigeria to be listed on the Nigerian Stock Exchange this Year!

The Chief Executive Officer of MTN Group, Rob Shuter has disclosed that its Nigerian subsidiary, MTN Nigeria will be listed on the Nigeria Stock Exchange (NSE) before the end of this year. He made this known in an interview with CNBC Africa on the sidelines of the World Economic Forum taking place in Davos, Switzerland. This revelation may be a confirmation of a ...

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MTN Faces More Questions over $8.134 Billion Remittances

As the fines imposed on four banks by the Central Bank of Nigeria (CBN) and its directive to MTN Nigeria to refund a total of $8.134 billion over illegal capital repatriation continue to generate concerns, the Central Bank is being advised to properly investigate MTN payments and to look deeper into the telecoms company operations. A former Senior Executive at ...

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