MTN Nigeria, the country’s largest telecoms operator, plans to establish its new headquarters in Eko Atlantic, becoming the first telecom company to build in the rapidly expanding coastal city, Chief Executive Officer (CEO) Karl Toriola said. The move places the telco alongside major corporations such as First Bank, Shell, and TVC, which are among a growing list of companies relocating …

Doing business in Nigeria is tough. While we say this all the time, nothing makes it more real than the release of annual financial reports. Take MTN Nigeria’s latest report, it shows the bruising realities faced by businesses in the country today. Take a look at the numbers. MTN Nigeria generated a staggering N3.36 trillion in revenue in the year …

Nigeria’s largest telecom operator, MTN, has commenced the gradual implementation of a 50 per cent tariff increase approved by the Nigerian Communications Commission (NCC) in January. The adjustment, which is evident in the updated prices of data plans, leaves call and SMS rates unaffected for the time being. A senior executive from MTN, who doesn’t want to be mentioned, confirmed …

The Nigerian Electricity Regulatory Commission (NERC) has issued permits to Golden Penny Power Limited, MTN Communications Nigeria Limited, Havenhill Synergy, and others for mini-grid electricity generation. The NERC said it issued nine new off-grid generation licences in the first quarter of 2024 with a gross capacity of 109.69 megawatts and three new trading licences. According to a report by the …

Nigeria’s leading telecommunications provider, MTN has resumed nationwide operations after a nationwide shutdown on Tuesday. The temporary closure came in response to widespread customer outrage and vandalism, sparked by the disconnection of subscribers who failed to link their SIM cards to their National Identification Numbers. On Wednesday, MTN announced its return to operations via X (formerly Twitter), confirming that its …

MTN Nigeria Communications Plc reported a loss after tax of N519.1 billion for the first half of 2024, due to record-high inflation and a weaker Naira. The loss was reported in its financial results for the period ending June 2024 The Chief Executive Officer of MTN Nigeria, Mr. Karl Toriola said: “The macroeconomic conditions in Nigeria have been challenging during …

Nigeria’s leading telecoms operator, MTN has shut all its stores and service centres across the country. This is coming on the heels of an outrage by some of its subscribers across the country after the network provider barred their lines on Sunday. In a viral video on social media Monday, a mob is seen destroying a barricade fence just outside …

MTN Nigeria, on Saturday, announced the construction of its West African largest data centre, a facility with a 1,500-rack and Tier 4 data centre within the country. It was reported that a Tier 4 data centre is built to be completely fault-tolerant, has redundancy for every component and an expected uptime of 99.995 per cent. This means it can withstand …

The Nigerian Copyright Commission (NCC) on Tuesday accused the Chief Executive of MTN Nigeria, Mr. Karl Toriola of evading service in a copyright infringement case. The defendants in the suit are MTN Nigeria Communications Limited, Toriola, Nkeakam Abhulimen, Fun Mobile Limited, and Yahaya Maibe. According to the NCC, MTN and others used several soundtracks as callback ringtones without the consent …

MTN Nigeria Communications (MTNN) Plc has reported a loss after tax of N392.7 billion for the first quarter (Q1) of 2024. The company experienced significant financial strain due to a continued depreciation of the naira, reporting a net foreign exchange loss of N656.3 billion in Q1, 2024, contributing to a record-high forex loss of N1.396 trillion since 2023. In response …