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MTN confirmed Fouladi’s departure, which was announced by Rotterdam-based KPN earlier this month. But Singh has declined to comment.
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.
The Senate says it would demand explanation on why the federal government wants to reduce the $8.1 billion fine imposed on the communication giant, MTN, to $800 million.
Rob Shuter, the chief executive officer at MTN Group, says the group will acquire an independent banking licence in Nigeria by 2019.
The MTN Group, Africa’s largest wireless carrier, increased sales from operations by 10 per cent from a year earlier and added 2.5 million subscribers in the third quarter despite regulatory pressures in its largest markets that have wiped out more than two-thirds of the company value in recent years.
MTN Group, Africa’s biggest mobile operator, is sticking to its 2018 dividend target despite new U.S. sanctions making it harder to repatriate cash from its Iran joint venture, the company said on Wednesday.
MTN Nigeria is yet to formally submit any application in respect of its planned initial public offer (IPO), the Securities and Exchange Commission (SEC) said on Sunday.
The chief financial officer at MTN Nigeria, Ralph Mupita, says the company hopes to raise N400 billion from its debt issuance when it gets listed on the Nigerian Stock Exchange later in the year.
MTN Group Ltd. has appointed more banks for the sale of shares in its Nigerian unit on the stock exchange in Lagos as it looks to start an initial public offering in June or July, according to people familiar with the matter.
Speaker of the House of Representatives, Mr Femi Gbajabiamila says the house needs the support of seasoned Nigerians to succeed in making laws for good governance of the country.
A serious injury to Real Madrid midfielder Marco Asensio "could be bad news" for Arsenal's hopes of signing Dani Ceballos, according to Gunners boss Unai Emery.
Two suspects have been arrested by operatives of the Kano State Police Command for kidnapping and killing an eight-year-old girl, Aisha Umar.
A political activist and former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has described the ministerial list sent by President Muhammadu Buhari to the Senate as a big disappointment to Nigeria and its citizens.
Super Eagles head coach, Gernot Rohr has insisted that the only way he could embark on the refresher course with Bayern Munich is if the Nigeria Football Federation outlines the refresher programmes for local coaches.
A Stockholm court on Friday ordered that US rapper ASAP Rocky, detained in Sweden on assault allegations, should be kept in custody for another week while the prosecutor completes his investigation.
Green Nigeria Project (GNP), a Non-Government Organisation (NGO), has condemned the violent activities of Islamic Movement in Nigeria (IMN) in the Federal Capital Territory (FCT) over detention of their leader, Sheik El-Zakzaky.
The All Progressives Congress (APC) is in support of the decision taken by the National Assembly to resolve the crisis in Edo and Bauchi State Houses of Assembly.
Kano Pillars coach Ibrahim Musa has expressed optimism about their chances of beating Ghanaian club Asante Kotoko to reach the Caf Champions League preliminary zone second round.
Federal Airports Authority of Nigeria (FAAN) has suspended indefinitely, the Aviation Security Unit Heads who were on duty when an unidentified man climbed an Azman aircraft at Lagos airport on Friday morning.