MTN Group CEO Ralph Mupita
MTN is in a race against time to get about half its subscribers to comply with the Nigerian government’s stipulation that their Sims be connected to their ID numbers by the end of the year.
This follows minister of communications & digital economy Isa Ali Ibrahim Pantami giving mobile operators two weeks from 16 December to get the West African country’s 200 million mobile subscribers to register their national identification numbers with their Sims.
The latest ruction in the group’s largest market saw its share price fall over 7% to R61.44 on Thursday.
The problem is that there are only about 42 million Nigerians with ID numbers. Of this, about half are MTN subscribers