Tag: MTN Nigeria
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 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 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 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.
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.
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.
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.
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.