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 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   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...

MTN Launches Mobile Financial Services Subsidiary   MTN Nigeria is set to unveil its new subsidiary, Y’ello Digital Financial Service Limited and mobile money services today. The telco registered the new subsidiary with the Corporate Affairs Commission in 2018 and obtained a super-agent licence from the Central...

Dangote Cement Emerges NSE's Biggest Firm, Overtakes MTN   Dangote Cement Plc has regained its position as the biggest listed firm on the Nigerian Stock Exchange as sell-offs were witnessed in MTN Nigeria Communication Plc’s shares on Tuesday. On Monday, MTN Nigeria overthrew Dangote Cement, becoming the...

Glo Settles N2.6bn Interconnect Debt To MTN   MTN Nigeria has received N2.6bn part-payment of interconnect debt from Globacom, sources familiar with the issue confirmed on Thursday. It was gathered that the industry regulator, Nigerian Communications Commission, had intervened in the debt issue, which led to partial...