MTN

Foreign direct investment in Nigeria, Africa’s top oil producer, plunged by 43 per cent to $2bn, according to a United Nations report.

One of the most critically acclaimed shows on the Lagos theatre circuit – Legends, Kings and Kingdoms: the Musical’ opened for the first time in Abuja to packed crowds and rave reviews.

Immediate past Minister of Communication Adebayo Shittu on Thursday explained that Mobile Telecommunication Network (MTN) practically blackmailed the federal government into reducing the over $330 million controversial fine imposed on it by the National Communication Commission (NCC).

With the enlisting of the leading mobile operator in the country on the Nigeria Stock Exchange, the Nigerian Communications Commission, NCC, says other operators including Bharti Airtel, Globacom and 9Mobile are getting set to do so.

Trading on the Nigerian equities market opened for the week on Monday with a loss of 2.22 per cent, following declining investors’ appetite on MTN Nigeria Communications shares.

Telecommunications giant, MTN Nigeria, has revealed its listing on the Nigerian Stock Exchange (NSE) is the subject of an enquiry by the Economic and Financial Crimes Commission (EFCC).

MTN Nigeria said on Saturday it is under investigation by the Nigerian financial crimes agency over its listing last week, although it “has not been accused of any wrongdoing” by the Economic and Financial Crimes Commission.

MTN Nigeria Communications Plc saw its share price fall on Friday for the first time since it got listed on the Nigerian Stock Exchange.

MTN Nigeria Communications on Friday recorded its first price loss on the Nigerian Stock Exchange after listing on May 16.

MTN Nigeria Communications Limited has paid a total of N235bn out of the N330bn fine imposed on the mobile telecommunications operator in August 2015 by industry regulatory agency, the Nigerian Communications Commission.

Some stakeholders in the capital market have faulted the listing of MTN Nigeria Communications Plc on the nation’s bourse in spite of unavailability of the mandatory 20 per cent free float.

Internet users in Nigeria increased marginally to 115,938,255 million in March 2019, the Nigerian Communications Commission (NCC) has said.

The nation’s stock market recorded its highest gain since February 12 last week as the market capitalisation of equities rose by N1.874tn following the listing of MTN Nigeria Communications Plc on the Nigerian Stock Exchange.

MTN Nigeria Communications Plc for the second trading day appreciated by 10 per cent due to high demand for the equity on the Nigerian Stock Exchange (NSE).

The telecommunications giant, which is the only one listed in the sector by the Nigerian Stock Exchange gained the maximum 10 per cent each of the two days of trading. It was initially listed at N90 on Thursday.

The market capitalisation of equities listed on the Nigerian Stock Exchange rose by N1.90tn on Thursday after MTN Nigeria Communications Plc listed 20.35 billion shares on the Exchange.

Kano Concerned Citizens Initiative (KCCI), an umbrella of some eminent elders in the state has urged the parties in the Kano Emirate crisis to respect the orders of the court.

The Nigerian Stock Exchange on Thursday announced the listing by introduction of 20.35 billion ordinary shares of MTN Nigeria Communications Plc.