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<p>The MTN Nigeria Capital Market Day 2023 brings together, investors and stakeholders to brainstorm and chart MTN Nigeria&#8217;s mid-term growth agenda. CNBC Africa brings you key highlights from the 2-day event.</p>


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Focus On: MTN Nigeria Capital Market Day 2023

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<p>MTN Nigeria plans to issue up to ₦72.1 billion Series 10 Commercial Paper, under its ₦250 billion programme as the company looks to diversify its funding sources. Mercy Okon, Research Analyst at Parthian Securities joins CNBC Africa for more.</p>


MTNN to issue ₦72bn commercial paper

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<p>MTN Nigeria&#8217;s service revenue rose by 24 per cent in the first half of this year. The company&#8217;s revenue from data grew by 48.3 percent, while its fintech revenues also grew by 48.2 per cent as active subscriber base crosses the 6.1 million mark.  This year the mobile network operator will mark 20 years of operations in Nigeria and Chief Financial Officer at MTN Nigeria, Modupe Kadri  joins CNBC Africa for more.</p>


MTN Nigeria service revenue rises 24% in H1

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<p>MTN Nigeria&#8217;s CEO Karl Toriola says the telecoms player is looking to sell 14 per cent of its shares in Nigerian retail investors in the short to medium term. Meanwhile,  Global Credit Ratings has raised the national scale long-term issuer rating of MTN Nigeria to triple A. Karl Toriola reacts to the ratings and more.</p>


MTN Nigeria plans to sell 14% shares to local retail investors

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<p>MTN Nigeria has opened a Series one bond of up to 100 billion naira under its 200-billion-naira Bond Issuance Programme. This comes as the Nigerian subsidiary of the South African Mobile telecommunications company also announced the completion of its Series III and Series IV Commercial Papers. Lanre Buluro, Managing Director of Chapel Hill joins CNBC Africa to assess the appetite for corporate bonds in Nigeria.</p>


MTN Nigeria opens 100 billion naira Series one bond issuance

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<p>MTN Nigeria says they managed to maintain double-digit service revenue growth of 12.6 per cent for the first half of the year despite the challenging environment witnessed in the second quarter. However, the communications services provider witnessed a 4.7 per cent decline in its half-year post-tax profits. MTN Nigeria CFO, Modupe Kadri joins CNBC Africa to break down the numbers.</p>


MTN Nigeria posts strong first-half growth despite tough market

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<p>MTN Nigeria has completed its debut 100 billion Naira Series one and two commercial paper issuance which was 400 per cent subscribed by investors. Modupe Kadri, Chief Financial Officer of MTN Nigeria joins me to share more details on the issuance.</p>


MTN Nigeria completes N100bn debut commercial paper issuance

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<p>Zenith Insurance has partnered with Prudential and MTN Nigeria to create a mobile insurance service in Nigeria using the USSD code. CNBC Africa’s Christy Cole caught up with Mazen Mroue, MTN Nigeria&#8217;s Chief Operating Officer for more.</p>


Zenith

Zenith, Prudential, MTN partnership to change landscape of mobile insurance in Nigeria


<p>LAGOS (Reuters) &#8211; MTN Nigeria shares rose 10% on Monday to their highest in two weeks after the country’s attorney general withdrew a $2 billion tax demand against the South African telecoms firm.</p>



<p>The company and attorney general both said on Friday that Nigeria’s attorney general had withdrawn the tax case.</p>



<p>Reporting by Chijioke Ohuocha; Editing by Jan Harvey</p>


MTN Nigeria shares up 10% after government withdraws $2 billion tax case

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<p>The Attorney General of Nigeria withdrew its $2 billion tax demand against MTN Nigeria on Friday and referred the matter to the Federal Inland Revenue Service (FIRS) and Nigeria Customs. MTN CEO, Rob Shuter says the decision paves the way to an orderly and amicable solution to the issue. President of Association of Telecoms Companies of Nigeria (ATCON), Olusola Teniola joins CNBC Africa for more.</p>


MTN CEO Shuter discusses how AGF decision paves way for amicable resolution

How investors should be reading MTN , now that the auditor general has withdrawn its tax claim

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<p>Nigeria’s equities market continued its rally for the 11th straight session gaining over one per cent as investors lapped MTN Nigeria’s shares. Ayodeji Ebo, Managing Director of Afrinvest Securities joins CNBC Africa for stories around the market.</p>


Ayodeji Ebo on what strategies to follow in Nigeria’s equity market

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<p>In its 9-month financial statement, MTN Nigeria recorded a 28.9 per cent increase in its Profit-After-Tax. Meanwhile, Airtel Africa’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margin grew by 43.9 per cent in its half-year 2020 earnings driven by an improved efficiency in Nigeria. David Adu, Senior Analyst at Meristem Securities joins CNBC Africa for more.</p>


Unpacking Nigerian telecom earnings


<p>ABUJA (Reuters) &#8211; Shares of MTN Nigeria hit a three-month high on Friday after the telecoms company’s offices partially reopened following a shutdown due to anti-South African attacks in the West African country.</p>



<p>The local units of South Africa’s MTN Group and supermarket chain Shoprite, closed all stores and service centres in Nigeria after their premises were attacked following days of riots in their home country chiefly targeting foreign-owned, including Nigerian, businesses.</p>



<p>The violence in South Africa has strained relations between Africa’s two biggest economies, with Nigeria saying on Thursday it would recall its top diplomat to Pretoria.</p>



<p>MTN Nigeria said its stores remained closed on Friday but skeletal office operations were resuming, its spokesman said, adding that staff were asked to stay at home for safety reasons.</p>



<p>Shoprite stores remained shut except for one in an upmarket area of the capital Abuja, a manager there said.</p>



<p>Shares in MTN, Nigeria’s second-biggest listed firm, rose 5.03% to 139.80 naira each, a level last seen in June. Johannesburg-listed Shoprite shares were up 1.8%.</p>



<p>Prior to the shutdown, the telecoms firm last week launched a mobile money transfer service, targeting Nigerians without bank accounts, and said it planned to become a payment services bank once it obtains approval from the central bank.</p>



<p>Reporting by Chijioke Ohuocha; editing by Jason Neely and Emelia Sithole-Matarise</p>


MTN Nigeria shares hit 3-month high after the telecoms company partially reopens

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<p>MTN has a solid set of results but a weak performance in the South African market has investors spooked. CNBC Africa&#8217;s Kopano Gumbi spoke with MTN Group CFO Ralph Mupita for more.</p>


MTN CFO: Here’s why we are excited about fintech, digital opportunities across Africa

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<p>As MTN Nigeria and Airtel Africa earnings hit the markets. Opeyemi Ani, Equity Research Analyst at Cordros Securities joins CNBC Africa for more.</p>


MTN Nigeria & Airtel Africa deliver solid results, what does this mean for Nigerian telecoms?


<p>LAGOS (Reuters) &#8211; A Nigerian judge on Wednesday adjourned until Oct. 29 a case to resolve a $2 billion tax dispute between telecoms company MTN Group and the country’s attorney general.</p>



<p>The attorney general demanded South Africa’s MTN pay the $2 billion in September. The company has said the tax payment demand is without merit, it does not owe the money and the attorney general exceeded his powers in making the request.</p>



<p>Reporting by Libby George and Alexis Akwagyiram; Writing by Paul Carsten; Editing by Toby Chopra</p>


Nigerian court adjourns case between MTN and attorney general over $2 bln tax dispute

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<p>Will MTN Nigeria&#8217;s planned listing on the Nigerian Stock Exchange spur other telcos to come aboard? Olusola Teniola, President of the Association of Telecommunications Companies of Nigeria joins CNBC Africa to tell us what this means for Nigeria’s telco space.</p>


MTN Nigeria

Focus On: MTN Nigeria Capital Market Day 2023

MTNN to issue ₦72bn commercial paper

MTN Nigeria service revenue rises 24% in H1

MTN Nigeria plans to sell 14% shares to local retail investors

MTN Nigeria opens 100 billion naira Series one bond issuance

MTN Nigeria posts strong first-half growth despite tough market

MTN Nigeria completes N100bn debut commercial paper issuance

Zenith, Prudential, MTN partnership to change landscape of mobile insurance in Nigeria

MTN Nigeria shares up 10% after government withdraws $2 billion tax case

How investors should be reading MTN , now that the auditor general has withdrawn its tax claim

Ayodeji Ebo on what strategies to follow in Nigeria’s equity market

Unpacking Nigerian telecom earnings

MTN Nigeria shares hit 3-month high after the telecoms company partially reopens

MTN CFO: Here’s why we are excited about fintech, digital opportunities across Africa

MTN Nigeria & Airtel Africa deliver solid results, what does this mean for Nigerian telecoms?

Nigerian court adjourns case between MTN and attorney general over $2 bln tax dispute

How attractive is Nigeria’s capital market for telcos?

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MTN Nigeria

Focus On: MTN Nigeria Capital Market Day 2023

MTNN to issue ₦72bn commercial paper

MTN Nigeria service revenue rises 24% in H1

MTN Nigeria plans to sell 14% shares to local retail investors

MTN Nigeria opens 100 billion naira Series one bond issuance

MTN Nigeria posts strong first-half growth despite tough market

MTN Nigeria completes N100bn debut commercial paper issuance

Zenith, Prudential, MTN partnership to change landscape of mobile insurance in Nigeria

MTN Nigeria shares up 10% after government withdraws $2 billion tax case

How investors should be reading MTN , now that the auditor general has withdrawn its tax claim

Ayodeji Ebo on what strategies to follow in Nigeria’s equity market

Unpacking Nigerian telecom earnings

MTN Nigeria shares hit 3-month high after the telecoms company partially reopens

MTN CFO: Here’s why we are excited about fintech, digital opportunities across Africa

MTN Nigeria & Airtel Africa deliver solid results, what does this mean for Nigerian telecoms?

Nigerian court adjourns case between MTN and attorney general over $2 bln tax dispute

How attractive is Nigeria’s capital market for telcos?

News Tips

Advertise With Us

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