MTN Nigeriahttp://Mtn.ng has proposed the issuance of up to N100 billion series 6&7 commercial paper notes to diversify its financing options. This was disclosed via an official statement signed by Company Secretary, Uto Ukpanah to Nigeria Exchange Limited. According to the statement, the issuance of commercial paper notes is part of the …
Read More »MTN Nigeria Dismisses Knowledge of Planned Industrial Action
…Says Company has Built a People First Culture MTN Nigeria has disclosed it is yet to receive a notification of strike action from the Private Telecommunications and Communications Senior Staff Association of Nigeria (PTECSSAN), which recently threatened to ground its activities, if the union demands are not met. In an …
Read More »MTN Shares Oversubscribed by 139.47%
… As 76% of successful applicants via digital platform are women, 85% are under age 40 The Series 1 offer for sale of MTN shares of 575 million held by MTN Group in Nigeria to Nigerian investors has been oversubscribed by 139%. This was disclosed by the telecoms company in …
Read More »MTN Nigeria Gets Approval-in-Principle From CBN to Launch Momo Payment Service Bank
MTN Nigeria Communications Plc announced that it has obtained an Approval-in-Principle (AIP) from the Central bank of Nigeria (CBN) to launch its proposed MoMo Payment Service Bank Limited. The approval is one of the foremost actions required to obtain final approval from the apex banking authority, subject to the fulfilment …
Read More »MTN to Sell 575 Million Shares in Nigeria to Invetors
MTN Group said it is planning to sell shares worth about $241.7million from its Nigeria business. MTN on Thursday said it will offer 575 million shares in MTN Nigeria, which listed in Lagos in 2019 in a statement signed by the Company secretary, Uto Ukpanah. “Today we announce our intention …
Read More »MTN Nigeria Becomes First Africa Mobile Operator with GCR Credit Rating, Stable Outlook
Global Credit Ratings (GCR) has upgraded the national scale long-term issuer rating of MTN Nigeria Communications Plc (MTN Nigeria) to AAA and affirmed the national scale short-term rating of A1+, with a stable outlook. This was revealed in a statement signed by MTN Nigeria Company Secretary, Uto Ukpanah made available …
Read More »How MTN e-SIM Approved by NCC works
It is no surprise that technology trends has continued to transform telecommunications in variety of ways. From Artificial Intelligence (AI), Internet of Things, Cloud Computing, Big Data to 5G, Cyber Attacks, Cyber Security and Resilience. Recall, Business Remarks reported the telecommunications giant, MTN Nigeria has on Wednesday announced the commencement …
Read More »MTN Nigeria Discloses Insider Dealing of 920,000 Shares
MTN Nigeria Communications Plc on Thursday disclosed an insider dealing of 920,000 shares in line with the new Nigerian Stock Exchange (NSE) policy. In a statement signed by Uto Ukpanah, company secretary and released through the Exchange, the telecommunications giant said Karl Toriola, a Non-Executive Director, purchased 920,000 ordinary shares …
Read More »Commercial Paper (CP): MTN Nigeria Completes ₦100 billion Working Capital Raise
MTN Nigeria Communications (MTNN) Plc on Tuesday has announced the successful issuance of ₦100 billion Series I & II Commercial Paper (CP) notes. The telecommunication giant stated this in a notice to the Nigerian Stock Exchange (NSE) and the investing public signed by Uto Ukpanah, its Company Secretary. The CP issuance …
Read More »MTN, Banks CEOs reach compromise over USSD end user billing
MTN Nigeria communications PLC and the Body of Bank CEOs are ready to compromise over the unstructured supplementary service data (USSD) end user billing. This is coming after multiple reactions trial the announcement of the telco to commence charging consumers N4 per 20 seconds over use of USSD code for …
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