Leading carrier, MTN Nigeria said it has invested ₦202.4 billion, a 159per cent increase year-on-year, to upgrade and expand network infrastructure, enhancing service quality and capacity. According to its unaudited results for first quarter (Q1) ended 31 March 2025 released yesterday, the telco also said its total subscribers increased by 8.2per cent to 84.1 million,…
Telecom giant, MTN Group is set to report a significant decline in its full-year headline earnings per share (HEPS) when it publishes its annual report next month. The mobile operator affixed the drop to deteriorating foreign exchange impacts on its profit amid a good operational performance. MTN noted that its HEPS for the year ending…
MTN Nigeria reaffirmed its commitment to supporting local communities and driving education with the donation of 4,600 digital tablets to Government Science Secondary School, Pyakasa, Maitama. These tablets will serve as key learning devices for students and school administrators. The devices were presented to Nigeria’s Vice President, Senator Kashim Shettima, by the Chairman of the…
Telecom operators Nigeria have raised the alarm over the review of annual payment structure under the Financial Reporting Council Amendment Act 2023 (FRC Act), warning that its implementation will hurt telecom operators. Acting under the aegis of Association of licensed Telecom Companies of Nigeria (ALTON), the group warned that “the new structure would pose significant…
MTN Group has reaffirmed its dedication to advancing digital transformation and fostering inclusive growth during the 11th South Africa-Nigeria Bi-National Commission held in Cape Town, South Africa. This event highlighted the enduring partnership between the two largest economies in Africa and provided a platform to accelerate collaboration in critical areas. Group President and CEO Ralph…
If the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) fail to address the debt overhang of about N250 billion owed mobile network operators (MNOs) as a result of the use of the Unstructured Supplementary Service Data (USSD), the operators might, subject to regulatory approval, suspend supporting the use of the service…
