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MTN Group

FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

MTN raises $140 million in divestment plan

MTN Group Ltd says it has raised 2.1 billion rand (140.24 million dollars) from asset sales in the first half of this year as part of a divestment plan to simplify its portfolio.

MTN Nigeria asks tribunal to rule on tax treatment of $1 billion fine

MTN Nigeria has asked a Nigerian tax tribunal to rule on whether the company should pay corporate tax on a 330 billion naira ($1.1 billion) fine, a spokesman for the telecoms company said.

Court adjourns tax case between MTN and attorney general

A Nigerian judge on Wednesday adjourned until Oct. 29 a case to resolve a $2 billion tax dispute between South African telecoms company MTN Group and Nigeria’s attorney general.

MTN Nigeria listing being investigated by 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 suffers first share price drop

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

Smile Telecoms appoints new Group chief executive officer

Smile Telecoms, a Pan-African telecommunications group with operations in Nigeria, Uganda, Tanzania and the Democratic Republic of the Congo, has announced the appointments of Mr. Ahmad Farroukh as Group Chief Executive Officer and Ms. Irene Charnley as Deputy Chairman, respectively, effective 1 June 2019.

MTN Nigeria admitted into NSE Premium Board

The Nigerian Stock Exchange on Thursday announced the listing by introduction of 20.35 billion ordinary shares of MTN Nigeria Communications Plc.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

MTN Nigeria arranging naira funding as it prepares for listing

MTN Nigeria is arranging local currency financing, the telecoms company said in presentation to investors as part of its stock market listing.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC approves MTN’s application for listing

Last week’s application from MTN Nigeria requesting the registration of its existing securities in the capital market has been duly approved by Securities and Exchange Commission (SEC).
Ferdi Moolman

MTN Nigeria registers 20.35 billion shares

MTN Nigeria Communications Plc on Tuesday announced that it had successfully completed the registration of 20,354,513,050 ordinary shares of N0.02 each with the Securities and Exchange Commission.
Mcebisi Jonas

MTN appoints South Africa’s ex-deputy minister chairman-designate

MTN Group has appointed South Africa’s former Deputy Finance Minister Mcebisi Jonas as chairman-designate in a board shake-up, the telecommunications provider said on Friday.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

MTN: We’ll list on NSE before July

MTN Group says it will list Nigerian Stock Exchange (NSE) in the first half of 2019, after recording very positive trade numbers in 2018 fiscal year.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

MTN Uganda responds to government queries, says ‘we are tax compliant’

Uganda’s biggest telecommunications company MTN has denied government accusations it has been understating its revenues, insisting that it was fully meeting all its tax obligations.
Wim Vanhelleputte

Uganda deports MTN chief executive over security concerns

Uganda’s security agencies and immigration department have deported the chief executive of the largest telecommunications company in the country over security reasons.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

MTN Group may lose more executives amid Nigerian crisis

MTN confirmed Fouladi’s departure, which was announced by Rotterdam-based KPN earlier this month. But Singh has declined to comment.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

MTN targets mobile banking licence in Nigeria

Nigeria announced last month that it would allow telecom companies to provide banking services, aiming to give millions of Nigerians without bank accounts access to so-called mobile money services, a policy that has been very successful in Kenya.

Rob Shuter: MTN to acquire banking licence in Nigeria

Rob Shuter, the chief executive officer at MTN Group, says the group will acquire an independent banking licence in Nigeria by 2019.

South Africa worried MTN Nigeria’s $10 billion fine may threaten country’s financial stability

The billions of dollars in fines owed by South African companies MTN and Standard Bank to Nigerian regulators could increase the risk to South Africa’s financial system, its central bank said on Wednesday.

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