MTN Nigeria

MTN Nigeria battle could impact SA's financial stability

MTN's $10 billion battle with the Nigerian authorities could increase the risk to SA's financial system depending on the outcome, says the South African Reserve Bank.

30 Oct

MTN makes more money from fewer users in SA

MTN South Africa made more average revenue per user in the quarter ended 30 September, despite losing 705 000 customers.

29 Oct

MTN grows customer base despite Nigeria drama

The group added 2.5 million new subscribers in the third quarter, boosted by strong performances in Nigeria and Ghana, while MTN SA lost customers.

25 Oct

$8.1bn MTN sanction may scare investors away from Nigeria

The Nigerian central bank's demand for MTN to repatriate $8.1 billion does not bode well for the country's image as a favourable investment destination, analysts agree.

Oct 8, 2018

MTN's $8bn headache could be reduced

Nigeria's central bank governor says the $8.1 billion it is demanding from MTN could be decreased.

Sep 20, 2018

Nigeria's central bank eases up on MTN

The Central Bank of Nigeria says it is reviewing information with a view to reaching an equitable resolution to the $8.1 billion MTN repatriation issue.

Sep 14, 2018

MTN 'explores other options' on Nigerian IPO

Nigeria's $10 billion demand makes MTN's planned IPO in the country pretty challenging and awkward, says group CFO Ralph Mupita.

Sep 5, 2018

Nigeria raises heat on MTN with $2bn tax bill

The MTN Group is hit with a $2 billion Nigerian tax bill, marking the operator's latest skirmish with authorities in its most lucrative market.

Aug 30, 2018

MTN Nigeria refutes order to refund $8bn

The mobile operator challenges the Nigerian central bank over allegations that it breached the country's foreign exchange regulations.

Aug 8, 2018

MTN grows revenue, adds more subscribers

The company reports revenue growth, driven by voice and the expansion of data and digital services.

Jul 9, 2018

MTN Nigeria yet to file for IPO, says regulator

The telco has yet to file its application for an initial public offering, a share listing that could value the business at around $5 billion.

May 4, 2018

MTN Ghana listing to kick off this month

The telco says a planned listing in Ghana is expected to launch in late May, while it has come to an agreement over a fees dispute in Benin.

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