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Nigerian Stock Exchange NSE

NSE: Market indicators extend losing streak, drop 0.27 per cent

Transactions on the Nigerian Stock Exchange (NSE) maintained a downward trend for the fourth consecutive trading day with the market indicators extending its losing streak by 0.27 per cent.

MTN budgets $1.6 billion to invest in Nigeria

The Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed delight as the Mobile Telephone Network (MTN) budgeted 1.6 billion dollars to invest in the Nigerian market within the next three years.
MTN office in Bodija, Ibadan vandalised — in pictures and videos 1

Xenophobic attacks: MTN Nigeria compensates trading partners

MTN Nigeria says it has compensated its trading partners that suffered losses during reprisal attacks in Lagos and some other parts of the country in protest against continued xenophobic attacks and killings of Nigerians in South Africa.
Nigerian Stock Exchange NSE

NSE records first loss in 2020

The Nigerian Stock Exchange posted the first loss in 2020, dropping by 1.18 percent after 11 days of a consecutive uptrend.
Nigerian Stock Exchange NSE

Profit taking drags down equity performance by 1.2 percent

The equities market today (Tuesday) recorded the first profit taking after a long streak gain this month leading to a decline in a major performance index as the Nigerian Stock Exchange, NSE All Share Index declined by 1.2 percent or 118 bases points, bps.

NSE optimistic on bullish market as equities’ return rises to N1.35 trillion

The Nigerian Stock Exchange (NSE) has expressed optimism that the current recovery at the stock market will be sustained. Its optimism is based on the improved macroeconomic conditions and favourable global economic outlook.
4G LTE signal

Mobile network subscribers decry fast depletion of data

A cross section of mobile network subscribers have complained of huge costs incurred on mobile data provided by the mobile network operators and called for an increase in data bundle.

5G roll-out: MTN to get high-end support from Huawei

Huawei Technologies Company Nigeria Limited has assured that it would provide advanced and innovative support to MTN Nigeria following the trial roll-out of 5G network technology in Nigeria.
5G signal

Nigeria becomes first West African country to use 5G technology

MTN Nigeria Plc yesterday announced that Nigeria has become the first country in West Africa to try 5G technology and applications.
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 appoints new executive director, chief financial officer

MTN Nigeria Communication PLC on Friday announced the appointment of Modupe Kadri as its new Executive Director and Chief Financial Officer (CFO).
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

Tax assessment: Court fixes January 30 for MTN’s suit against AGF

A Federal High Court Lagos on Tuesday further adjourned hearing until Jan. 30 and Jan. 31, 2020, a suit filed by MTN Nigeria Communication Ltd, against the Attorney General of the Federation, over alleged N242 billion and 1.3 billion dollars import duties and withholding tax assessments.

Dangote, MTN, Glo lead in the 2019 most valuable brands in Nigeria

For the umpteenth time, Dangote Group, a Nigerian owned and most diversified conglomerate has emerged the most valuable brand in Nigeria after the 2019 Top 50 Brand survey, while MTN closely followed as the most valuable multinational and telecommunication brands with Glo coming third in the chart.
The federal government has opposed the move of telcos to increase charges on use unstructured supplementary service data (USSD) channels to access banking services.

Federal government kicks against plan to increase USSD charges, orders immediate suspension

The federal government has opposed the move of telcos to increase charges on use unstructured supplementary service data (USSD) channels to access banking services.
Secretary to the Government of the Federation (SGF) Boss Mustapha

Federal government reiterates support for Nollywood

The Secretary to the Government of the Federation (SGF), Mr Boss Mustapha, said the Federal Government would ensure that Nollywood actors get a fair deal from their trade.
Nigerian Stock Exchange NSE

NSE: Market indices extend growth by 0.35 per cent

The Nigerian Stock Exchange (NSE) market indices ended trading on Friday with a growth of 0.35 per cent.
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 plans to raise N100 billion from commercial paper

There are strong indications that MTN Nigeria is planning to raise N100 billion through Commercial Paper (CP).
Molumo Yusuf, a 14-year-old student of Heritage Global Academy, Ikorodu, Lagos State, won the N100,000 grand prize shopping voucher at MTN mPulse Kiddies Hackathon app competition in Lagos on Friday.

14-year old wins MTN kiddies hackathon app competition

Molumo Yusuf, a 14-year-old student of Heritage Global Academy, Ikorodu, Lagos State, won the N100,000 grand prize shopping voucher at MTN mPulse Kiddies Hackathon app competition in Lagos on Friday.
Nigerian Stock Exchange NSE

NSE market capitalisation loses N130 billion in six hours

The Nigerian Stock Exchange market capitalisation on Wednesday shed N130 billion in about six hours of trading.

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Iranian President Hassan Rouhani said Sunday that he doesn’t believe the U.S. will pursue war with his country, because it will harm President Donald Trump’s 2020 reelection bid.
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Oyo State Governor, Engr. Seyi Makinde, visited the Inspector General of Police, IGP Adamu Mohammed in Abuja on Wednesday, declaring that his administration would not condone violence in Oyo.

Oyo governor threatens to jail union members who foment trouble

The Oyo State Government, on Sunday, warned some leaders of the suspended National Union of Road Transport Workers (NURTW) in the state to desist from carrying out the threats of violence issued in a video, which has gone viral in the last 24 hours.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Police nab Aiye cult kingpin in Ikorodu

The Special Strike Force on Social Miscreants, inaugurated by the Commissioner of Police, Lagos State, Mr Hakeem Odumosu, has arrested the leader of Aiye Confraternity, Sikiru Samuel.