Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
The bear tightened its stranglehold on the market further today as the index went down by 0.22%. A negative market breadth was posted with 16 losers...
East African country, Uganda, has launched its 5th Generation network, and becomes the 3rd African nation to follow through. The launch, which was brokered by the...
The Nigerian Communications Commission, NCC, has, in its November data updates, revealed that 493,556 subscribers on 9mobile and Glo networks have changed service providers, opting either...
After its South Africa 5G network trial, telco player, MTN Nigeria, on Monday conducted a trial in Abuja to examine possibilities and get real time insights...
MTN Nigeria insisted on Wednesday that it had not committed any offence and will continue to defend its position on the $2billion tax dispute. The telecommunication...
Mobile network operator, MTN Nigeria, on Wednesday released its financial statement for the period ended September 30, 2019, recording a 28.94 percent in profit after-tax. MTN...
Minister for Communications and Digital Economy, Isa Pantami has suspended the planned implementation of USSD charges on bank transactions by Mobile Network Operators (MNO) after consultation....
Former Kaduna lawmaker, Shehu Sani has blamed the Central Bank of Nigeria (CBN) for the new charges imposed by MTN for Unstructured Supplementary Service Data (USSD)...
The Central Bank of Nigeria (CBN) has asked banks to move their business from telecommunications companies that are working on increasing the charges on unstructured supplementary...
South African telecommunications company, MTN has announced the closure of all its service shops in Nigeria. The telecoms company in a message sent to its subscribers...
Ohanaeze Ndigbo Youth Council Worldwide on Wednesday ordered Igbo people in South Africa to resort to self-defense over the outrageous attacks on Nigerians in South Africa....
Sen Orji Kalu, Chief Whip of the Senate, on Tuesday, while condemning attacks on Nigerians in South Africa, said the Nigerian government should close businesses owned...
Three South African companies – MTN Nigeria, MultiChoice and Shoprite – on Tuesday condemned the attacks of foreign nationals in South Africa. The firms said that...
MTN Nigeria has lamented that it is currently experiencing an investigation in the hands of the Economic and Financial Crimes Commission (EFCC) over an allegation bothering...
The Economic and Financial Crimes Commission, EFCC, is currently probing MTN Nigeria Plc for alleged manipulation of its recent share listing on the Nigerian Stock Exchange,...
The Nigeria Communications Commission, NCC, has given MTN Nigeria Communications Limited uptil has May 31 to pay the balance of N55bn out of the N330bn fine...
MTN Nigeria Communications Plc has signed a medium term N200 billion loan facility with seven Nigerian banks for a period of seven years. Speaking at the...
A former governor of Central Bank of Nigeria (CBN) and current Emir of Kano, Sanusi Lamido, has been appointed to the global board of MTN group....
MTN Nigeria Communications Limited, and the Central Bank of Nigeria (CBN) have settled their differences over the $8.1 billion demanded by the apex bank, out of...
Telecommunications giant, Globacom is now Nigeria’s second largest Global System for Mobile Communications company in terms of number of subscribers. The company came second after MTN...
Telecommunication firm, MTN Nigeria Communications Limited, on Tuesday, asked the Federal High Court in Lagos for a further adjournment in the suit it filed to challenge...
The suit brought by MTN Nigeria Limited challenging the legality of the assessment of N242 billion and $1.3 billion by the Attorney General of the Federation,...
The recent announcement by telecoms giant, MTN, that it would soon apply for a Payment Service Bank (PSB) licence and launch mobile banking in Nigeria by...
Telecommunication giants, MTN and Airtel have concluded plans to obtain mobile banking licence from the Central Bank of Nigeria (CBN) as they prepare to enter the...
Complaints of telecom subscribers regarding automatic subscription to unsolicited telecom value added services have been on the increase. This is contrary to the directive to the...
MTN Group, a telecommunication company in Africa, said its number of subscribers increased by 1.1 percent in the third quarter of 2018 amidst sanctions placed on...
A hearing in the court case between MTN and the Central Bank of Nigeria (CBN) in a disagreement over the alleged repatriation of $8.1 billion by...
MTN shares rose this morning (Monday) by 2.55 percent on the Johannesburg Stock Exchange (JSE) after the Central Bank of Nigeria (CBN) said it may reduce...
The Central Bank of Nigeria (CBN) has asked the Federal High Court sitting in Lagos to deny MTN Group an injunction that would stop the telecommunication...
MTN Group Limited said it may no longer seek to raise capital to finance its operations through an Initial Public Offering (IPO) on the Nigerian Stock...
The Central Bank of Nigeria (CBN) said it was reviewing the information provided by Nigeria’s telecommunication giant, MTN Nigeria, and four banks it recently sectioned over...
Following $10.13 billion allegations of illegal repatriation of funds and tax evasion against MTN Nigeria, the Nigeria Labour Congress (NLC) has urged the Economic and Financial...
Telecommunications firm, MTN Group has said that the Attorney General of the Federation (AGF), Abubakar Malami, exceeded his powers in demanding the payment of $2 billion...
MTN Nigeria has dragged the Central Bank of Nigeria (CBN) and the Attorney-General of the Federation to court to seek relief over a $10.1 billion demand....
The Central Bank of Nigeria (CBN) has debited the account of Stanbic IBTC Bank, the banking subsidiary of the Stanbic IBTC Group, for N1.886 billion regulatory...
Nigeria’s telecommunication giant, MTN Nigeria, has lost about one million subscribers in one month, according to Nigerian Communications Commission (NCC). The latest industry statistics released by...
Barely two weeks after the Central Bank of Nigeria (CBN) directed MTN Nigeria Communications Limited to refund $8 billion over alleged illegal repatriation of shareholders’ dividends,...
As the fines imposed on four banks by the Central Bank of Nigeria (CBN) and its directive to MTN Nigeria to refund a total of $8.134...
MTN Nigeria has dismissed allegations by the Central Bank of Nigeria (CBN) over illegal repatriation of shareholders’ dividends amounting to $8.1 billion by the company between...
The Central Bank of Nigeria (CBN) has imposed sanctions totalling N5.87 billion on four banks for wrongly assisting MTN Nigeria to repatriate funds. The banks allegedly...
The Nigerian Communications Commission (NCC) said the number of internet users in the country dropped in June by three hundred and forty seven thousand, six hundred...
Indications have emerged that operations of telecom company, MTN Nigeria, could be under threat over continuous picketing of its offices across the country by the Nigeria...
The Nigerian Communications Commission (NCC) on Monday stopped moves by South African mobile giant, MTN Group, to acquire the only surviving Code Division Multiple Access (CDMA)...
Nigerian Communications Commission (NCC) has begun the process for the transfer of the licence of Visafone Communications Limited to digital mobile operator, MTN Nigeria Communications Limited....
The executive vice chairman of the Nigeria Communication Commission (NCC), Professor Umar Danbatta, on Monday said that left to him that the sanction which the body...
The scramble to acquire 9mobile, Nigeria’s fourth largest network operator, promises to be very competitive, as 16 firms have submitted expressions of interest (EoIs) to Barclays...
MTN Nigeria Communications Limited and MTN International, Mauritius, have been ordered by the National Industrial Court of Nigeria (NICN), Akure Division, to within 30 days pay...
Of all business outfits in the Apapa area of Lagos, the telecoms sector, it is feared, may suffer a staggering loss of about $1.5 billion over...
Nigerian-British actress, singer, MC, presenter and one of the fans favourite at the just concluded Big Brother Naija reality TV show has just penned a management...