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...
Reps Summon Adebayo Over MTN’s Alleged N2.6trn Tax Evasion
The House of Representatives’ Committee on Public Accounts has vowed to ensure accountability on the capital allowances granted to MTN Nigeria by the Ministry of Industry, Trade, and Investment amounting to N2.6tn.
It has, therefore, summoned the...
Two Telcos Generated N2.02trn From Airtime, Data In 2021
MTN Nigeria Communications Plc and Airtel Nigeria both generated N2.02tn from airtime and data revenues in 2021, according to the financial statements of the two companies obtained by our correspondent.
The amount indicates a 20.01 per cent...
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...
Fed Govt To Pocket N227bn As MTN, Mafab Win 5G Licence
Nigerian Communications Commission (NCC) has declared MTN Nigeria and Mafab Communications winners of the two slots of the 3.5GHz spectrum auction for the Fifth Generation (5G) network licenses for a total fee of $546m...
MTN Pays N71.6bn For Spectrum Licence Renewal
The Nigerian Communications Commission has renewed the Unified Access Service licence and spectrum licence for wireless local loop in the 900MHz and 1800MHz band of MTN Nigeria.
MTN made this known in a statement signed by the company secretary,...
