MTN Group Ltd Stock News

MTN Nigeria and Nigerian Exchange Limited (NGX) have partnered together for the purpose of participating in the country’s capital market. Going by a Memorandum of Understanding (MoU) signed between the telco and Nigerian bourse, MTN and NGX would be seen promoting financial literacy and enhancing retail participation in the Nigerian capital market. The two-year partnership would also see NGX and MTN collaborating to develop capital market solutions, leverage technology to support data dissemination and technology-as-a-service, promote capacity development, and eliminate barriers to retail participation in the capital market. Continue reading MTN Partners With NGX For Capital Market Participation at BizWatchNigeria.Ng.

MTN Nigeria and Nigerian Exchange Limited (NGX) have partnered together for the purpose of participating in the country''s capital market.

Nigerian Exchange Limited (NGX) and MTN Nigeria Communications Plc (MTNN) have announced the signing of a Memorandum of Understanding (MoU) to further promote financial literacy and enhance retail participation in the Nigerian capital market. The announcement was made at the signing ceremony led by the Chief Executive Officer (CEO), NGX, Temi Popoola and the CEO, MTNN, Karl Toriola. The MoU is a two-year partnership that will see NGX and MTNN collaborate to develop capital market solutions, leverage technology to support data dissemination and technology-as-a-service, promote capacity development, and eliminate barriers to retail participation in the capital market. Speaking about the MoU, the CEO, NGX, Popoola stated, “In building on our rich heritage as the first and foremost multi-asset securities exchange in Nigeria we are resolute in our commitment to democratize finance in Nigeria by leveraging current advancements in technology and relying on strategic partnerships. With its customer base of over 68 million customers, MTNN provides invaluable access to a large pool of potential retail investors who can play an important role in Nigeria’s capital market, deepening their own financial resilience in the process.

MTN Group this week committed to support a bi-national conference for businesses operating in South Africa and Nigeria during the first visit to its South African headquarters of the chairman of MTN Nigeria, the Group’s biggest operating company. The commitment was made to Nigerian High Commissioner to South Africa H.E. Muhammed Haruna Manta when he met … The post MTN Group restates commitment to Nigeria appeared first on Okay.ng .

Group re-affirms its commitment to Nigeria The post MTN Group to Reduce its Shareholding in MTN Nigeria to 65% appeared first on TechEconomy.ng .

In its full-year report, MTN says it now has over 57 million mobile money users in Africa putting the telco ahead of closest rival Safaricom which has 52 million users as of March 2022. While MTN is awaiting final approval from the Central Bank of Nigeria (CBN) for a Payment Service Bank (PSB) licence, the telco said it has seen fintech revenue growth of $1 billion representing a 30 percent increase year-on-year. The number of active MoMo users rose from 10.4 million to 56.8 million compared to December 2020, generating a monthly average revenue per user (ARPU) of $1.3 billion. The value of MoMo transactions went up by 56.8 percent to $239.4 billion and 10 billion transactions were processed, up 41.1 percent year-on-year. On the other hand, Safaricom’s MPesa recorded $192.9 billion in value of transactions and 11.6 billion transaction volume. In 2018, MTN disclosed its ambition to become the largest digital banking platform in Africa by growing its mobile money vertical into a 60 million customer business. “We will be the largest bank in Africa, leveraging scale, network, brand, infrastructure, and distribution,” Rub Shuter, the then MTN Group CEO had said in an interview.

MTN Group reported strong financial, operational and sustainability results in 2021 despite a tough macro environment.

News Ghana, Latest Updates and Breaking News of Ghana, Techgh24, https://newsghana.com.gh/mtn-resumes-dividend-after-huge-profit/MTN Group resumed annual dividends on Wednesday, declaring a higher payout than previous guidance as a divestment plan made progress and the firm reported higher profit. Last year March, MTN suspended dividends to focus on reducing debt and because of uncertainty around cash-upstreaming from Nigeria, the timing of proceeds from its asset realisation programme and the […] News Ghana, Latest Updates and Breaking News of Ghana, Techgh24, https://newsghana.com.gh/mtn-resumes-dividend-after-huge-profit/

Africa''s largest mobile operator by subscribers, MTN Group, resumed annual dividends on Wednesday, declaring a higher payout than previous guidance as a

By Nqobile Dludla JOHANNESBURG (Reuters) – Africa’s largest mobile operator by subscribers, MTN Group, resumed annual dividends on Wednesday, declaring a higher payout than previous guidance as a divestment plan made progress and the firm reported higher profit.

The South African mobile network operator, and also Africa''s largest operator, @MTNGroup has become the first company on the continent to enter the #metaverse through its purchase of #virtualland in @AfricarareNft''s #Ubuntuland. The post MTN Group Puts Down Roots in the Metaverse With Africa’s First Virtual Land Sale appeared first on The Fintech Times .

While strong Indications has revealed that businesses in Nigeria and corporations are warming up to tap the potentials of the high speed capacity and low latency of the forthcoming fifth Generation (5G) network rollout in Nigeria, it has also been anticipated that the adoption is on the move to reduce unemployment in Nigeria and hasten metaverse adoption, if well managed. A metaverse is a network of 3D virtual worlds focused on social connection. It is a digital world with its own economy that will connect huge forms of social interactions. The intense anticipation, according to the Nigerian Communication Commission (NCC), will take life from the desire of Digitally inclined citizens that are ready to embrace the benefits of the new technology. However, the desire of the bright prospects of 5G was reiterated at various panel sessions on the ongoing 2022 edition of AfricaNXT conference, co-sponsored by the Nigerian Communications Commission (NCC) at the Landmark Event Centre, Victoria Island, Lagos.

Africa’s largest mobile operator MTN has restored its dividend for the year to end-December, and it also alerted shareholders they should expect a growth in 2022 dividends on the back of aggressive cost-cutting drive and growing demand for both data and digital services. The group said on Wednesday that the Covid-19 pandemic had proved beneficial […]

MTN Group Ltd. will look for minority investors in its African fintech unit after separating the division from the carrier’s traditional telecom business, a move to maximize growth in the booming division.

Despite economic challenges, investors’ in the Nigerian capital market has continued to enjoy surplus return on investment as most highly capitalized declares improved dividends. For instance, Dangote Cement Plc, MTN Nigeria, Zenith Bank Plc, among five other companies listed on the Nigerian Exchange Limited (NGX) have proposed a total dividend of N827.05billion for 2021 financial year. The proposed dividend is an increase of 29 per cent when compared to N639.25billion paid out by these companies in 2020 financial year. Continue reading Dangote Cement, MTN, Dividend Up 29% Despite Economic Instability at BizWatchNigeria.Ng.