The Nigerian Communications Commission (NCC) has confirmed the issuance of the final letters of award of the Fifth Generation (5G) Spectrum Licences to MTN and Mafab Communications. The two companies were winners of the 3.5 gigahertz (GHz) spectrum auction conducted by the Commission on Monday, December 13, 2021. A statement from the NCC disclosed that […]

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 […]

The Nigerian Communications Commission (NCC) has commenced the process of conducting a study to assess the current level of competition in the colocation and infrastructure sharing (CIS) segment of the Nigerian telecommunications sector. The infrastructure sharing companies build and lease telecoms infrastructure such as base stations to network operators. Their operations allow the likes of […]

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 […]

Mobile telecommunication giant, MTN posted revenue of N1.2 trillion for the first 9 months of 2021 up 23.6% when compared to the N975.7 billion posted a year earlier. This is the first time MTN is crossing the one trillion-naira mark in 9 months. The information is contained in its recent interim results for the quarter […]


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