Telecom: MTN to Merge two Finance Subsidiaries Telecommunications company, MTN Nigeria, has proposed a merger of its two finance subsidiaries; Momo Payment Service Bank Limited and Yello Digital Financial Services Limited. This was revealed in its proposed resolutions for its 2023 Annual General Meeting scheduled to...

Investors Gain N107bn as Stock Market Rebounds Despite Tuesday's loss of N1bn, investors at the Nigerian Exchange Limited gained N107bn the following day, Wednesday. The All-Share index and market capitalisation appreciated by 0.35 per cent to 55,801.14 and N30.397tn respectively. Since the beginning of the year,...

NCC Reports Increase in Mobile Subscriptions to 225.88 million The Nigerian Communications Commission report on new industry data, teledensity revealed that the number of active telephones per 100 people living within an area, grew to 118.51 per cent. In January, mobile subscriptions on MTN Nigeria grew...

Stock Investors Gain N81bn in Equity Market The Nigeria equity market trading ended on Monday with gains of N81bn recorded by MTN Nigeria, Nigerian Exchange Group, and others. This bullish trend extended the gains recorded by stock investors in the previous week. As a result, the market...

Airtel Acquires 5G Licence After MTN, Mafab Airtel Networks Limited has announced that it paid the Nigerian Communications Commission $316.7m for 100 MHz of spectrum in the 3500MHz band for the deployment of fifth-generation network and 2x5MHz of 2600MHz to boost its fourth-generation coverage in...

FIRS Appoints Banks, Others to Collect VAT on Their Products MTN, Airtel, and all money deposit banks have been appointed by the Federal Inland Revenue Service (FIRS) as VAT collection agents starting from January 2023. FIRS in a statement yesterday said the directive is in line...