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MTN to list stock on Nigerian Exchange soon

Nigeria telecommunication giant, MTN Nigeria has said that it would list its shares on the Nigerian Stock Exchange this year. MTN General Manager, Mr Nikiwe Tsaagane, made this known when he paid a courtesy visit to Dr Ogbonnaya Onu, Minister of Science and Technology. Tsaagane said...

MTN Gets N221m Waiver on Telecoms Permit Fee in Kano

MTN Nigeria has got a whopping N221 million waiver on telecoms permit fee in Kano following the timely intervention of the telecoms regulator, the Nigerian Communications Commission (NCC). Sources close to NCC told THISDAY that the timely intervention by the Executive Vice Chairman of the...

Rwanda Regulator Fines MTN $8.5m over External IT Hub

Rwanda’s telecom industry regulator has fined MTN Rwanda, a division of South Africa’s MTN Group 7 billion francs ($8.5 million) for running its IT services outside the country in breach of its licence. The regulator said in a ruling posted on its website that MTN...

MTN pays Nigeria another N30b

MTN has made a payment of N30 billion ($98 million) to the Nigerian government in part settlement of a N330 billion fine imposed on the telecoms group for not disconnecting unregistered SIM cards, a source from MTN has said. Africa’s largest telecoms company has already...

Recession: MTN Losses $200m in 2016

South African telecoms giant MTN said Thursday that it made a $200m loss in 2016 – the company’s first – after suffering a huge fine in Nigeria and currency challenges in key markets. “MTN Group’s financial results for 2016 reflect the most challenging year in...

Poor service: NCC vows stiffer sanctions against GSM operators

The Nigerian Communications Commission (NCC) has warned telecommunication providers in the country to improve the quality of their networks and stop extorting Nigerian consumers. The regulatory agency said the body was aware of the challenges Nigerians were facing in the telecoms sector, warning  that...