Home Topics Rob Shuter

Rob Shuter

MTN prepares for share sale of Jumia

African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about $1.5bn, according to people familiar with the matter.
Fred Enanga

Uganda deports third foreign telecom employee

Ugandan police on Thursday announced the expulsion of another foreigner working for telecom giant MTN, following the deportation earlier this week of two of the company's expatriate staff.
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.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

Senate seeks explanation on federal government’s planned reduction of $8.1 billion MTN fine

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: 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.

MTN grows subscriber base to 225.4 million, pledges to list on NSE

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.
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 to proceed with Nigerian listing

MTN Group Ltd. boosted sales ahead of targets in the third quarter, showing its ability to grow the business even with a major regulatory spat that’s rocked shares of Africa’s largest wireless carrier.
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: Africa not ready for super fast 5G network

Africa is not ready for next-generation 5G network but would likely be ready to embrace the super-fast technology in about five years from now, MTN’s chief executive officer said on Tuesday.

NCC: MTN must complete NSE listing by May 2019

The Nigerian Communications Commission (NCC) says MTN, a telecommunications company, must complete its listing on the Nigerian Stock Exchange by May 2019.

MTN sticks to 2018 plan despite complications to repatriate cash from Iran

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.

SEC: MTN Nigeria yet to file application for initial offer

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.

MTN to raise N400bn from debt issuance on Nigerian Stock Exchange

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 to pick more banks to work on planned Nigerian IPO

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.

MTN cuts 2018 dividend to manage debt

The Telecoms firm, MTN Group, on Thursday announced its decision to cut its 2018 dividend as a means of cutting debt.

MTN announces $279 million annual profit

MTN Group, Africa’s biggest mobile phone operator, returned to annual profit in 2017 in the absence of one-off charges related to a $1.1 billion Nigerian fine.

Recent Stories

Nigeria’s downstream sector records $56 billion revenue yearly

Nigeria’s downstream sector records a yearly income of 56 billion dollars, Mr Abayomi Awobokun, Chief Executive Officer, Enyo Retail and Supply Limited, has said.
Arsene Wenger

David Seaman: Arsene Wenger would be ‘great’ as Chelsea boss

Former Arsenal goalkeeper David Seaman has suggested Arsene Wenger could be the ideal replacement for Maurizio Sarri at Chelsea.
Beni Lar

Beni Lar: My constituency under siege

A member of the National Assembly representing Langtang South/Langtang North Federal Constituency of Plateau State, Hon Beni Lar, has cried out that her constituency is under siege of political thugs ahead of the rescheduled presidential and National Assembly elections holding on Saturday.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

Kailani Muhammad: Atiku Abubakar is desperate to be president

A chieftain of the ruling All Progressives Congress (APC), and strong ally of President Muhammadu Buhari, Engr. Kailani Muhammad, has said that, the presidential candidate of the People’s Democratic Party (PDP), Alhaji Atiku Abubakar, is desperate to be president of Nigeria.

Suspected herdsmen kill 16, injure two in Benue

Suspected herdsmen on Wednesday killed 16 persons and injured two others during an invasion of Ebete community in Usha council ward of Agatu Local Government Area of Benue State.