MTN Earnings Hit by N400bn Loss as Naira Devaluation Takes Toll   MTN Nigeria reported a N400.44bn loss after tax for the year ended December 31, 2024, as the devaluation of the naira drove up foreign exchange losses and weighed on the company’s earnings. The loss, disclosed...

Telecoms Propose 100% Tariff Increase Nigerian telecommunications companies have proposed a 100 per cent increase in their tariffs, pending approval from the government. The proposal, which has been submitted to the Nigerian Communications Commission (NCC), aims to address rising operational costs, including inflation and increased service...

FG to Telecoms: Tariff Hike Not a Viable Option The Federal Government has faulted the proposal by telecommunications companies to raise their tariffs, emphasising that increasing data, voice and text message prices isn’t the “sole or optimal solution” to the sector’s challenges. It also urged the...

Telcos Generate N1.92tn from Calls, Data - Report The Financial report of telecommunications in Nigeria has revealed that MTN and Airtel made N1.92tn from calls and data between January and September, 2022. According to data from the financial results of MTN Nigeria Communications Plc and Airtel...

Telecom Giant (MTN Nigeria) Generates N471bn in Three Months MTN Nigeria has reported 22.2% growth in revenue for Q1 2022, amid fall in subscriber base, as regulatory restriction on new SIM sales and activations continue to impact the telco’s operation. In its Unaudited Results for Q1...

6.6 million Nigerians Become MTN Shareholders   MTN Nigeria Communication Plc has said it now has 6.6 million Nigerians as direct or indirect shareholders as it made N111.75bn from its share offer to Nigerians. The telecommunications company said this in a statement titled ‘Results of the series...