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Wild Nigerian naira volatility takes MTN Group's profits

The firm reports that the naira's devaluation against the US dollar had a detrimental impact on Nigeria's financial performance.

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Under-fire Nigerian naira hurts MTN Group earnings

MTN expects its full-year results to be negatively affected by the steep devaluation in the naira against the US dollar.

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HEDA seeks arrest of American Tower's Nigeria CEO for contempt of court | The Guardian Nigeria News - Nigeria and World News — Nigeria — The Guardian Nigeria News – Nigeria and World News

A non-governmental organisation, Human and Environmental Development Agenda (HEDA) Resource Centre has commenced contempt proceedings against the Managing Director of ATC Nigeria, Errol Ambler-Smith. In a Form 48 sighted by our correspondent in the registry of the Federal High Court on Monday, February 5, 2024, HEDA issued a notice of consequences of disobedience of court orders […]

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Nigerian regulator gives Globacom more time to settle interconnect issues

The somewhat confusing saga of debts that may be owed by Nigeria’s second-biggest operator to its biggest has taken a new twist as Globacom has been granted an additional 21 days to pay the interconnect fees owed to rival operator MTN.

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Nigeria's Globacom denies NCC debt claim - Developing Telecoms

Nigerian operator Globacom has denied reports that it still owes MTN Nigeria interconnection charges despite regulator the Nigerian Communications Commission (NCC) suggesting otherwise.

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MTN Nigeria not interested in improved tower contract bid from IHS

Last week’s news that tower company IHS has boosted its offer to MTN for the lease of 2,500 tower sites in an apparent attempt to get MTN Nigeria to reconsider its contract with American Tower Corporation has received short shrift from the operator.

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IHS raises bid in challenge to ATC tower deal with MTN Nigeria

The apparent award of an enormous tower leasing deal to American Tower Corporation (ATC) by operator MTN Nigeria is facing a challenge from ousted rival bidder IHS Holding.

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'Telecoms contributes 16% to Nigeria's GDP | The Guardian Nigeria News - Nigeria and World News — Technology — The Guardian Nigeria News – Nigeria and World News

The Chairman of MTN Nigeria, Dr Ernest Ndukwe, has said the telecom sector now contributes over 16 per cent to the Nigerian Gross Domestic Product (GDP).

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Anxiety as MTN Nigeria considers stake in 9mobile

Indications emerged yesterday that MTN Nigeria is seriously eyeing stakes in its competitor, 9mobile. According to information gathered, except for any last-minute change, MTN Nigeria and Emerging Markets Telecommunications Service Limited ...

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MTN reports resilient Q3 results, despite multiple battles

The telco grapples with inflation, forex volatility, armed conflicts and power outages across its markets.

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