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Nigeria fine triggers MTN loss for 2016

08 February 2017, 13:27

Mobile telecommunications giant, MTN has said it expects to report a loss in basic headline earnings per share and basic earnings per share for Financial Year, 2016.

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MTN makes fresh attempt to reverse court order to forfeit N8b in assets

07 January 2017, 17:10

MTN Communication has launched a fresh attempt to persuade Justice Abdulaziz Anka of the Federal High Court to reverse his ruling that it should temporarily forfeit N8 billion to the Federal Government.

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Nigerians to pay more for Internet data from December 1

29 November 2016, 07:50

The Nigeria Communication Commission (NCC) has directed the telecommunication companies in Nigeria to initiate a new data tariff regime from December 1, 2016.

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NCC halts move to increase data price

01 December 2016, 07:25

The Nigerian Communications Commission has suspended any further action on the directive to introduce price floor for data segment of the telecommunications sector beginning from December 1.

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MTN pays Nigeria N80bn of N330bn fine

26 December 2016, 19:19

The Federal Government says MTN had paid N80 billion of the N330 billion fine imposed on it for failing to deactivate more than five million unregistered SIM cards.

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Monday, 14 November 2016

NCC to sanction MTN, Airtel, Etisalat, Globacom over unsolicited telemarketing

14 November 2016, 21:00

The Nigerian Communications Commission has said it would sanction 13 telecommunications operators for failing to comply with the  ‘2442 Do Not Disturb (DND)’ directive on unsolicited telemarketing.

Sunday, 13 November 2016

How Visafone tricked 2 000 workers into mass resignation

13 November 2016, 13:49

Visafone Communications Ltd tricked over 2,000 employees into resignation before telecom giant, MTN acquired the company.

Tuesday, 25 October 2016

MTN suspends Nigeria dividend payout

25 October 2016, 14:54

MTN says it had suspended dividends payouts from Nigeria, where it runs the biggest wireless phone network and which generates a third of its annual sales.

Thursday, 20 October 2016

$13 billion repatriation: Buhari's minister denies colluding with MTN

20 October 2016, 15:14

The Minister of Industries, Trade and Investment, Okechukwu Enelamah, has denied any involvement in the alleged illegal repatriation of over $13 billion by telecom giant, MTN.

Wednesday, 28 September 2016

MTN refutes illegally moving funds from Nigeria

28 September 2016, 19:24

MTN has refuted allegations of improper repatriation of money out of Nigeria.

Tuesday, 20 September 2016

Buhari's Chief of Staff accused of taking N500m bribe from MTN

20 September 2016, 14:06

President Muhammadu Buhari's Chief of Staff, Abba Kyari, has been alleged to have collected a N500m bribe from operators of MTN to help the telecommunications firm mitigate the fine imposed on it by the federal government.

Wednesday, 14 September 2016

MTN raises more than R18bn in loans

14 September 2016, 13:26

MTN Group, Africa’s largest mobile-phone operator by sales, said it entered three loan agreements, raising more than $1.3bn as the company markets a potential bond.

Thursday, 08 September 2016

MTN sells bonds over N330bn fine

08 September 2016, 22:28

MTN Group Limited is currently seeking fresh funds through the sale of bonds to offset a N330bn ($1bn) Nigerian fine, pay dividends and address capital expenditure.

Monday, 22 August 2016

MTN unveils new R10bn BEE scheme

22 August 2016, 09:36

Mobile network MTN is set to unveil a R9.9bn black economic empowerment transaction dubbed MTN Zakhele Futhi.

Friday, 05 August 2016

MTN investors look beyond losses led by Nigeria fine

05 August 2016, 11:56

MTN Group shares gained the most in more than five weeks after Africa’s biggest mobile-phone operator booked the full value of a $1bn fine in Nigeria.

Thursday, 04 August 2016

Nigerian fine, weak rand clobber MTN

04 August 2016, 11:27

Africa’s biggest mobile network by subscribers has warned that its Nigerian fine woes and weak currencies are expected to dent its first-half results.

Monday, 01 August 2016

Here are MTN’s latest price hike details

01 August 2016, 14:15

Local mobile network MTN has moved to adjust pricing of some of its voice and data packages upwards.

Tuesday, 19 July 2016

MTN shares nosedive on profit warning

19 July 2016, 13:58

Nigeria’s mega fine on mobile network MTN is still weighing on the company as it warned of forthcoming losses on Tuesday.

Friday, 15 July 2016

MTN targets stability after salary breakthrough

15 July 2016, 12:49

MTN and the Communications Workers Union (CWU) have signed a new salary agreement that paves the way for more stability at the workplace.

Tuesday, 12 July 2016

MTN cuts fibre broadband prices by 50%

12 July 2016, 12:27

Mobile network MTN says it has slashed its fibre bundle contract prices by 50% in a move to boost its competitiveness in the market.

MTN cuts fibre broadband prices by 50%

12 July 2016, 12:28

Mobile network MTN says it has slashed its fibre bundle contract prices by 50% in a move to boost its competitiveness in the market.

Friday, 08 July 2016

MTN beefs up team with another top banker

08 July 2016, 10:59

Africa’s biggest mobile network by subscribers, MTN, has hired another top banker to join its team amid a management shake-up.

Monday, 04 July 2016

MTN hires Barclays Africa’s Van Coller

04 July 2016, 10:40

Former Barclays Africa’s head of investment banking, Stephen Van Coller, has been appointed by MTN as vice president of strategy and mergers and acquisitions.

MTN group CFO Brett Goschen quits

04 July 2016, 12:28

Africa’s biggest mobile network by subscribers, MTN, says its group chief financial officer Brett Goschen is leaving the company after 14 years’ service.

Friday, 01 July 2016

How MTN sliced billions off its Nigerian fine

01 July 2016, 13:05

The entrance of former US Attorney General Eric Holder in helping to reduce the $3.9bn fine marked a change of strategy for the mobile network.

MTN SA CEO awarded R5.2m in shares

01 July 2016, 13:05

Mobile network MTN has dished out R5.2m worth of shares to the chief executive officer of its South African unit, Mteto Nyati.

Thursday, 30 June 2016

MTN wins Nigeria spectrum bid, pays first batch of fine

30 June 2016, 13:45

The Nigerian Communications Commission (NCC) has declared MTN as winner of its latest auction for a ten-year frequency spectrum licence for the 2.6GHz band.

Friday, 24 June 2016

New twist to MTN Nigeria saga as officials summoned

24 June 2016, 11:54

The Senate has directed its committee on communications to invite all relevant stakeholders to explain the reduction of the fine imposed on MTN for failing to deactivate 5,2 million unregistered subscribers on its network.

MTN kicks against COSON's N16bn lawsuit

24 June 2016, 21:00

MTN, the mobile network operator, has kicked against the lawsuit the Copyright Society of Nigeria (COSON) has filed against it for alleged infringements.

Thursday, 23 June 2016

Senate summons Ministers, CBN governor over MTN fine

23 June 2016, 19:08

The Senate has summoned the Governor of the Central Bank of Nigeria (CBN Godwin Emefiele,); the Minister of Communication,Adebayo Shittu, and Minister of Justice Abubakar Malami over the reduction of MTN fine

Monday, 20 June 2016

FEC relaxes MTN fine to encourage foreign investments, says Minister

20 June 2016, 14:05

Adebayo Shittu, Minister of Communications, had said that the $5.2 billion fine slammed on telecommunication giant, MTN, was reduced to encourage foreign investments into the country.

MTN fine: Ministers shun Reps meeting

20 June 2016, 19:46

Two ministers have shunned an invitation of the House o Representatives Committee on Communication to unravel the reasons for the huge reduction of the N1.04 trillion MTN fine to N330 billion

Thursday, 16 June 2016

Analyst offers MTN way forward after Nigeria troubles

16 June 2016, 13:07

After agreeing to a settlement with the Nigerian government over a landmark fine, the MTN Group has been advised to prioritise on corporate governance to avoid a recurrence of ethical issues.

Wednesday, 15 June 2016

MTN to 'significantly' boost Nigeria spending in 2017

15 June 2016, 12:45

MTN Group plans to substantially increase capital spending in Nigeria next year after agreeing to settle a $1.7bn fine in its biggest market.

Friday, 10 June 2016

MTN, Nigeria reach agreement on landmark fine

10 June 2016, 13:43

MTN has reached a deal with the Nigeria Government regarding the N330 billion (US$3,2 billion) regulators imposed on it in 2015

MTN to pay $1.7 billion Nigeria telecoms fine

10 June 2016, 22:47

South African telecoms giant MTN said Friday it would pay a $1.7 billion fine to the Nigerian government in a "full and final settlement" over its failure to disconnect unregistered mobile phone users.

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