Tag: MTN Nigeria

MTN Nigeria posts strong first-half growth despite tough market

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.

MTN Nigeria completes N100bn debut commercial paper issuance

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.

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

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's Chief Operating Officer for more.

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

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.

How investors should be reading MTN , now that the auditor general has withdrawn its tax claim

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.

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

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.

Unpacking Nigerian telecom earnings

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.

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

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.
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