MTN Nigeria Communications Plc has seen its market capitalisation soar to approximately N10.8 trillion, positioning the telecom giant among the top three most valuable stocks on the Nigerian Exchange Limited (NGX). As of October 24, 2025, shares were trading at N515, marking a 52-week high and an impressive 157.5% increase year-to-date from N200 at the…
MTN Nigeria has submitted a proposal to the Nigerian Communications Commission (NCC) seeking approval for a 100% increase in service tariffs, citing mounting operational pressures. The company’s Chief Executive Officer, Karl Toriola, disclosed this during an interview with Arise TV, explaining that the move is aimed at ensuring the telecom sector’s sustainability amidst escalating costs. We’ve put…
Chief Executive Officer, CEO of MTN, Mr Carl Toriola has warned that the latest attempt to reintroduce the 5% excise tax on telecom services will put the final nail on the activities of telecom operators in Nigeria, including MTN Nigeria. The National Assembly recently proposed the introduction of a 5% excise duty on telecommunications, gaming, and…
Mr Joshua Adigwe, a model with the visual modelling agency DDB Lagos limited sues MTN communications Nigeria limited along with it’s agency following an annulment in contract. While the case is still ongoing, the claimant, Mr Joshua Adigwe who is being represented by Julius Ajibulu Esquire claims that MTN is infringing on his…
Africa’s biggest telecommunications company, MTN Group, recorded a half-year loss, due to naira devaluation and operational challenges in Sudan. The company reported a loss before tax of nine billion South African rand in the six months ended June 30, compared with a restated profit of 8.3 billion rand a year earlier. “The further devaluation in…
MTN Nigeria has announced a tariff hike to manage operating costs. Truetells Nigeria reports that MTN Nigeria has announced plans to increase call tariffs to manage the effect of the challenging operating conditions in the country. In a statement on Friday after its extraordinary general meeting, MTN said a major issue discussed at the meeting was…
South African multinational corporation and mobile telecommunications provider, MTN, reportedly experienced a significant decline of 7.3 million active subscriptions in January 2024. Recent industry data indicated that this drop occurred as a result of complying with the Nigerian Communications Commission (NCC)’s directive to deactivate SIM cards that were not linked with National Identification Numbers (NINs)….
Dangote Group, Nestle Nigeria and MTN Nigeria, alongside four of Nigeria’s most capitalised companies, lost N1.7tn to the depreciation of the naira in 2023. According to an analysis of their financial statements published on the website of the Nigerian Exchange Group, the listed firms incurred significant losses in the 2023 financial year, largely due to…
According to a report in ThisDay newspaper, ActionAid Nigeria (AAN) has condemned MTN Nigeria’s board appointments, which showed the inclusion of former top government officials. Speaking in Abuja yesterday, the Country Director of AAN, Andrew Mamedu, called on ICPC and the federal government to investigate the board appointments. Mamedu stated that: “The appointments of former…
MTN Nigeria reported a loss for the full year 2023, its first in three years, after a Naira devaluation and rising cost of doing business ate into its margins. The telco reported a loss after tax of ₦137.0 billion in 2023 compared to profits of ₦348.7 billion in 2022. According to a full-year 2023 report released this…
