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Nigeria: MTN Bank wrongfully transfers ₦22.3 billion to 8,000 customers

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MTN Nigeria's newly licensed Mobile Money Payment Service Bank Limited (MoMo PSB) has dragged 18 Nigerian banks to court to retrieve ₦22.3 billion (US$53.7...

MTN Nigeria approved to operate Payment Service Bank

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Nigeria's telecoms market leader, MTN, has received the final approval to operate as Mobile Money Payment Service Bank (Momo PSB). The approval was granted by...

MTN assures investors Nigeria phone line crackdown will have no adverse...

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MTN Group has moved to reassure nervous investors that a crackdown by Nigerian authorities on unregistered phone lines will not have a huge adverse impact...

MTN Nigeria grants waivers to customers due to Russia-Ukraine conflict

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MTN has said it will  offer free international calls and short message service (SMS) to prepaid and postpaid customers affected by the Ukraine  crisis. Its...

BREAKING: MTN pays $253.86m balance for 5G license in Nigeria

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MTN Nigeria has paid the remaining $253.86 million to complete the $273.6 million 5G license fee to the Federal Government before the February 24...

MTN Nigeria’s shares oversubscribed by 139.47%

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MTN Nigeria has announced that its first public offer for sale of 575 million shares recorded an oversubscription of 139.47 per cent. This is contained...

MTN Group’s shares soar on the back of Nigeria’s performance

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MTN Group’s shares has short up in Johannesburg to a near-seven-year high to over R190 (US$12.44) per share, on the back of a strong...

BREAKING: MTN, Mafab beat Airtel in Nigeria 5G spectrum bid

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MTN Nigeria and Mafab Communications have emerged as the two winners in a Nigerian auction of 5G-suitable spectrum, outbidding Airtel Nigeria. Each of the two...

MTN Nigeria offer 575 million shares in IPO

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The MTN Group has announced the it is making available 575 million shares in it initial public offer in MTN Nigeria at a price...

MTN set for NIGERIA IPO

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MTN Group has reported securing regulatory approval for a public offer of ordinary shares in its Nigerian subsidiary. The Nigerian Securities and Exchange Commission (SEC)...

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