MTN pays shareholders better dividend of N9.40k per share

MTN pays shareholders better dividend of N9.40k per share

MTN pays shareholders better dividend of N9.40k per share     Nigeria’s mobile telecommunications giant, MTN Nigeria Communications Plc, has announced the payment of N9.40k as final dividend for the year ended December 31st, 2020. The 2020 dividend is an improvement by 18.7 per cent compared with the preceding year, 201. MTN Nigeria’s Chairman, Dr. Ernest Ndukwe said “Despite the challenging operating conditions during the year, I am happy to report that our company recorded improved performance across all key metrics, creating the shareholder value achieved. “This performance demonstrates the…

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USSD: Banks disconnect MTN from banking channels

MTN Nigeria to inject $1.5bn into broadband expansion plans

USSD: Banks disconnect MTN from banking channels     Commercial banks have disconnected MTN customers from banking channels including the Unstructured Supplementary Service Data and banking apps. MTN customers complained on Friday about being unable to recharge their MTN lines using USSD and other banking channels like the bank apps. Customers were also unable to do banking transactions on MTN lines through USSD. According to a source, this was not the doing of MTN but the banks who had refused to give any formal communication prior to the disconnection. The…

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NCC approves additional spectrum for MTN Nigeria

NCC Renews MTN’s Licence For 10 Years

NCC approves additional spectrum for MTN Nigeria   As telco pledges excellent QoS for customers   MTN Nigeria has announced the acquisition of additional 10MHz spectrum in the 800MHz band from Intercellular Nigeria Limited. In a filling at the Nigerian Stock Exchange (NSE) on Friday, the African telecoms giant said Nigerian telecoms industry regulator, the Nigerian Communications Commission (NCC) has approved the transaction and assigned the frequency to MTN Nigeria. MTN explained through the corporate disclosure that the acquisition will significantly improve customer experience, in line with its commitment to deliver excellent…

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Karl Toriola, new MTN Nigeria CEO makes first capital market appearance

MTN grows Q1 profit to N74bn despite losing 5m subscribers

Karl Toriola, new MTN Nigeria CEO makes first capital market appearance     The chief executive officer of MTN Nigeria Communications Plc, Karl Toriola, made his first appearance at the Nigerian capital market on Monday, March 1, 2021, the same day that he resumed office. Toriola was honoured with the Nigerian Stock Exchange (NSE) digital Closing Gong and this marked his first official engagement at the exchange in his new capacity. He began his investiture as the CEO of the Africa’s telecoms giant in its biggest market, succeeding Ferdi Moolman, who…

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MTN Nigeria records N1.346 trillion revenue in 2020

MTN pays shareholders better dividend of N9.40k per share

MTN Nigeria records N1.346 trillion revenue in 2020   Telecommunications giant, MTN Nigeria has posted positive numbers from its operations in 2020, the year generally acknowledged to have been disrupted by the novel Coronavirus pandemic with sheer negative impact on the economy and business environment. Defying the general mood of the year, MTN Nigeria’s revenue went up by 15.1 per cent from N1.1.17 trillion in 2019 to N1.346 trillion in 2020. According to the company’s audited consolidated and separate financial statements for the year ended 31 December 2020 obtained by…

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Dangcem, MTN, Guinness, others push NSE to first weekly loss

Bears maintain grip on equities as investors again lose N280bn

Dangcem, MTN, Guinness, others push NSE to first weekly loss   The local bourse ended the first trading week of 2021 in the red, as losses recorded on the second and last trading days eroded gains from the other trading days of the week. The loss was primarily fueled by pullbacks in the stocks of Dangote Cement, Guinness, Unilever and MTN Nigeria which declined by -8.1 per cent, -5.0 per cent, -5.0 per cent, and -2.8 per cent respectively. Accordingly, the All-Share Index (ASI) declined by 0.37 per cent week-on-week…

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How MTN boosts Nigeria’s economy with N4.97trn in taxes, infrastructure

MTN Nigeria records N1.346 trillion revenue in 2020

How MTN boosts Nigeria’s economy with N4.97trn in taxes, infrastructure Telecoms giant, MTN Nigeria, has spent the sum of N4.97 trillion to provide infrastructure for its Nigerian operations as well as fulfilling tax obligations to the government in the last 19 years. In its maiden sustainability report filed at the Nigerian Stock Exchange (NSE) where the telco is listed as the second most capitalized issuer, MTN has disclosed ways in which it had added values to Nigerians and the economy of the country. The report read in part, “As part…

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Rural Telephony: MTN Nigeria connects 583 sites

MTN Nigeria to inject $1.5bn into broadband expansion plans

Rural Telephony: MTN Nigeria connects 583 sites   MTN Nigeria is extending telecommunications coverage to millions of Nigerians living in underserved and unserved communities nationwide through its rural telephony program. Today, over 20 million Nigerians live in areas with limited or no coverage, MTN aims to change this. Through the rural telephony program kicked off this year, the company has identified over 3,000 locations across the country for a phased rollout, over three years. Recall that a report in 2018, detailed how MTN Nigeria in partnership with Huawei, launched Rural…

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MTN Nigeria appoints New CEO as Moolman exits March, 2021

Telecoms giant, MTN Nigeria has announced the appointment of Karl Toriola as the Chief Executive Officer (CEO) designate of the company. The appointment of Toriola, who is currently the vice president, West and Central Africa (WECA), will take effect on 1st of March 2021, providing enough time for an orderly handover, MTN disclosed in press statement on Monday. Toriola obtained a Bachelor of Science in Electronic and Electrical Engineering from the University of Ife, a Master of Science degree in Communication System from University of Wales, and attended the General…

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Tech stocks, bellwethers lead N297bn gain as NSE sustains uptrend

Tech stocks, bellwethers lead N297bn gain as NSE sustains uptrend

Index surpasses 27,000 points Better performance last seen May 5 Zenith emerges investors’ favourite 36 bulls crush 10 bears ______________________________________ Building on its bullish performance from previous sessions, the Nigerian Stock Exchange (NSE) remained positive as the market opened on Monday for another weekly investment adventure. Trading in the domestic equities attained a new height at the end of the session, riding on massive interest in the shares of MTN Nigeria which grew +3.9 per cent, Airtel Africa  with +5.3 per cent appreciation and some other bellwethers that inspired the…

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