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Business

JUST IN: No Tariff Increase Approval For MTN, GLO, Others- NCC

The Nigerian Communications Commission (NCC) has said that it has not approved a tariff hike for data and voice calls.The NCC made the clarification...
Business

MTN Owes Creditors, Others N977bn As Naira Depreciation Bites Harder

MTN Nigeria Communication Plc said it owes its capital providers N977.4bn in 2023 due to high interest rates and naira devaluation.The telecom services provider...
Business

After N392.6bn Net Loss Induced By High-Interest Rate, Naira Crisis, MTN Push For Tariff Hike

Nigeria’s biggest telecoms provider, MTN Nigeria Plc is battling with the country’s harsh operating environment which has dragged it to a N392.6bn loss after...
Business

MTN, Airtel, Others Consider Data, Voice Tariff Hike Over Rising Cost

Nigerian telecom giants, MTN Communications Nigeria Plc, Airtel Africa, Globacom, and other operators are considering tariff raise for data and voice calls.The Association of...
Business

MTN Blames Vandals For Nationwide Network Outage

MTN Nigeria said it is aware that there has been a service outage and its engineers are working to get it resolved.At about 1:39...
Business

Reaction Trails Plans To Bar Glo Customers From Making Calls To MTN

Telecom subscribers have expressed their displeasure with the approval granted by the Nigerian Communications Commission for MTN Nigeria Communications Plc to bar Globacom lines...
Business

High Interest Rate: MTN Resort To Commercial Paper, Raises N52.89bn

MTN Nigeria Communications Plc has successfully raised N52.8bn commercial paper after high interest rates pushed the telecom company to resort to the debt instrument.The...
Business

Telecoms Firms Count Losses As Forex Crisis Cuts Profit By 50%

Nigeria’s biggest network service providers and the new entrant in the industry are experiencing major setbacks driven by inflation and the naira floating policy...
Business

JUST IN: MTN Rejects Tribunal Judgement On $47.8m VAT Award To FIRS

MTN Nigeria Communication Plc has rejected the judgment of the Tax Appeal Tribunal which upheld the principal payment of Value Added Tax liability of...
Business

MTN, MAFAB To Face Stiffer Competition As Airtel Begins 5G Service

Nigeria’s 5G market will see a new entrant, Airtel Nigeria launch its 5G service in June, according to the Nigerian Communications Commission.Airtel received its...
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