MTN Nigeria on Sunday rolled out 5G technology in Lagos with a promise to launch the network in six other cities including Abuja, Port Harcourt, Ibadan, Kano, Owerri, and Maiduguri. With this, Nigeria has become the 3rd African country to deploy the technology after South Africa and Kenya. The Lagos 5G commercial launch came on […]

MTN Nigeria said Tuesday it is in the process of issuing a new note in the form of commercial paper in order to raise N23 billion towards meeting some obligations falling due in the short term. It gives the country’s subsidiary of Johannesburg-based wireless operator MTN Group the enablement “to diversify its financing options” with […]

The MTN fintech subsidiary MoMo payment Service Bank Limited (Momo PSB) has filed a lawsuit against 18 commercial banks to recover N22.3 billion that was mistakenly transferred to 8,000 customers. The company claimed a computer glitch was to blame for the incorrect transfer. Momo PSB reportedly suffered a significant security breach just one week after […]

Telecommunications company, MTN Nigeria Plc has released its Q1 2022 financial results revealing a profit of N97 billion. This reflects a whopping 31.28% increase compared to N74 million in the corresponding period of 2021. The period in review witnessed impressive returns from the company’s segments which are Voice, Data, Interconnect & Roaming, SMS, Digital, Value-added […]

MTN Nigeria Communications Plc on Monday announced it has issued N127 billion series 1 &2 commercial paper under its registered N150 billion commercial paper programme. The company made this announcement in a public notice signed by Uto Ukpanah, Company Secretary, MTN Nigeria, on Monday. According to the statement, the issuance comprises two tenors. A 184-day Series […]

Telecom firm, MTN, has received final approval from Nigerian regulators to run a payment service bank, the wireless carrier said in a regulatory filing on Monday. “The date of commencement will be communicated to the CBN (Central Bank of Nigeria) in accordance with its requirements,” the telco heavyweight said of the bank to be known […]

MTN Group Limited has announced plans to offer for sale the shares of its Nigerian subsidiary, MTN Nigeria Communications Plc. In a Statement on Thursday, MTN said it will offer 575 million shares in MTN Nigeria, which listed in Lagos in 2019. “Today we announce our intention to proceed with a public offer for sale […]


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