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Stock: MTN Share Price Leads N112bn Market Gain

Stock: MTN Share Price Leads N112bn Market Gain   The equities market opened the week with N112bn gain as 16 gainers emerged, led by MTN Nigeria Communications Plc, whose share price increased by 10 per cent on the back of the revocation of its $2bn tax...

MTN Share Price Increases After Revoked Tax Case

MTN Share Price Increases After Revoked Tax Case   The share price of MTN increased by 5.3 per cent to 83.67 rand on Friday following the announcement of the revocation of its $2bn tax case in Nigeria. The increase in the share price pushed the company’s market...

MTN Launches 5G Trial Ahead Of 2020 Target

MTN Launches 5G Trial Ahead Of 2020 Target   MTN Nigeria has inaugurated the trial of fifth generation technology ahead of the 2020 target the Nigerian Communications Commission set for the roll-out of the technology in the country. The company, in technical partnership with the ICT infrastructure...

MTN Revenue Hits N856.48bn In Nine Months

MTN Revenue Hits N856.48bn In Nine Months   MTN Nigeria Communications Plc on Wednesday announced revenue of N856.48 billion for nine months ended Sept. 30, 2019. The News Agency of Nigeria (NAN) reports that the revenue figure is on the company’s nine months unaudited result posted on...

MTN Deactivates 600,000 Subscribers

MTN Deactivates 600,000 Subscribers   MTN Nigeria said it deactivated 600,000 active subscribers in compliance with the directive of the Nigerian Communications Commission to deactivate partially registered SIM cards. The telecommunication company recorded 61.6 million subscribers at the end of the third quarter, adding 100,000 users quarter...

Investors Dump Dangote Cement, Others Shares

Investors Dump Dangote Cement, Others Shares   The equities market declined by N88.3bn on Thursday on the back of major sell-offs witnessed in Dangote Cement Plc, MTN Nigeria Communications Plc and Unilever Nigeria Plc. The market capitalisation of equities listed on the Nigerian Stock Exchange dropped from...