MTN Group Ltd Stock News

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.

MTN Nigeria Communication Plc has dismissed an erring senior staff member from its employment follow…

It is the second brand overhaul since the MTN Group was founded in 1994. The post MTN rebrands, unveils new logo appeared first on Premium Times Nigeria .

MTN share slumped during trading hours on Friday amid sexual harassment and fraud claims in the Nigerian subsidiary, MTN Nigeria, which happens to be its largest market in Africa. Some female workers of MTN Nigeria, under the umbrella name, ‘The Anonymous Whistle Blowers’, had written to the Group to report several misconduct against the subsidiary’s head of Sales and Distribution Officer, Adekunle Adebiyi. The female employees alleged that Adebiyi had been soliciting sex for job security in MTN Nigeria, while threatening those that turned down his advances with sack letter. Details of his misconduct were revealed in a series of emails and documents sent to MTN headquarters in South Africa between April 2021 and February 2022. The story was first reported by Sahara Reporters. READ ALSO : MTN offers free international calls, SMS to customers Adebiyi, who was labeled as a sex predator, was reportedly targeting young women working at the firm in Nigeria, and his atrocities were said to have been allegedly covered by the Chief Executive Officer, Karl Toriola.

March 03, (THEWILL) – Some staff members of telecommunications company, MTN Nigeria, have exposed massive corrupt practices including sexual harassment and victimization of workers, allegedly being perpetuated in the company. According to an exclusive report by SaharaReporters, among the perpetrators is the firm’s Chief Sales and Distribution Officer, Adekunle Adebiyi; General Manager, Northern Regional Operations, Amina […] The post Female Employees Expose Sexual Assault, Victimization, Fraudulent Activities In MTN Nigeria appeared first on THEWILL NEWS MEDIA .

MTN Group Ltd., Africa''s largest telecom network, is nearing market values not seen in seven yea…

Tecnotree, a finnish-based global provider of digital transformation solutions for Communication Service Providers (CSPs) and Digital Service Providers (DSPs), has announced the launch of its digital multi-experience platform, ‘Tecnotree Moments’, in collaboration with MTN Nigeria. The multi-experience partner ecosystem offering aims to create lifestyle bundles of content, applications and connectivity through a pre-integrated digital partner

MTN has become the first African company to financially enter the metaverse by investing in purchasing land in Africarare. MTN made this known in a statement on its website titled, ‘MTN Group becomes the first African company to enter the metaverse with land ownership on Africarare’. “This investment demonstrates MTN’s commitment to supporting African innovation as it is the first company on the continent to support an initiative of this kind. Continue reading MTN Stands As The First African Company To Invest In Metaverse at BizWatchNigeria.Ng.

Tecnotree Corporation, a Finnish based global provider of digital transformation solutions for Communication Service Providers CSPs and Digital Service Providers DSPs, announced the launch of its digital multi-experience platform, “Tecnotree Moments” in collaboration with MTN Nigeria. The multi-experience partner ecosystem offering aims to create lifestyle bundles of content, applications and connectivity through a pre-integrated digital partner […] The post MTN Nigeria Launches Gaming and Education Platform with Tecnotree Moments appeared first on TechEconomy.ng .

Foremost technology company, MTN Nigeria, has secured exclusive global rights to stream Davido live at the O2 to its customers on Saturday, March 5, 2022. Through its partnership with the subscription-based music store and streaming service platform, uduX, MTN will be making history once again as the company with its pulse on technology and entertainment. […]

MTN Group announced that it purchased 144 plots of digital land in Africarare, the first virtual reality Metaverse in Africa. MTN said the move aligns with its ambition 2025 which entails leveraging trends to augment and increase its customers'' digital experiences. Many companies around the world have already jumped on the trend, and MTN''s emergence on the platform could prompt other African companies to follow suit. Africa''s largest mobile network provider, MTN Group, has emerged as the first company on the continent to buy some plots of land on the virtual reality world — Metaverse. In a press statement published on its website, the leading telco announced that 144 plots of digital land were purchased in Africarare, the first virtual reality metaverse in Africa that launched in South Africa last year. The company did not disclose how much exactly it spent to buy the vast digital lands, which Business Insider Africa understands has an overall area of 12x12m. READ : MTN''s public offer of 575 million shares in Nigeria was oversubscribed by 139.47% However, the company'' Group Chief Marketing Officer Bernice Samuels, did explain that the move aligns with the company''s ambition 2025 which entails leveraging trends to augment and increase its customers'' digital experiences, whilst actualising overall business growth. “ This is an exciting moment for us as we lead businesses on the continent to enter the metaverse marketplace.

Introduction The growing importance of financial inclusion as a catalyst for economic growth and development has been well documented in several articles. Financial inclusion is viewed in many parts of the world as aright of all citizens to social inclusion, better quality of life and an instrument for strengthening economic capacity and reducing income inequality. As such, policymakers have treated financial inclusion as a basic right for all citizens. Despite its importance, Financial inclusion has continued to pose a challenge to nations across the world, particularly in Africa which possesses great opportunities for financial services on the micro-level. In order to transform these huge opportunities into reality, what is needed is a realistic framework by policymakers and an innovative approach that surpasses market’s expectations and encourages all stakeholders. Although steady progress is being made, critical challenges remain such as low financial literacy, insufficient infrastructural facilities which has constrained the achievement of substantial expansion of the financial inclusion level in Nigeria.

ESPOO, Finland , Feb. 28, 2022 /PRNewswire/ -- Tecnotree, a Finnish-based global provider of digital transformation solutions for Communication Service Providers CSPs and Digital Service Providers DSPs, today announces the launch of its digital multi-experience platform, Tecnotree Moments in collaboration with MTN Nigeria. The multi-experience partner ecosystem offering aims to create lifestyle bundles of content, applications, and connectivity through a pre-integrated digital partner ecosystem for global, local and glocal high-demand and hyper-growth sectors. The platform will attract leading partners across different sectors such as education, entertainment, gaming, sports, health, and wellness, to enter Nigeria and use direct customer billing to convert ecosystem partners into instant revenue generators. Tecnotree Moments is a gateway of digital services and lifestyle bundling products, being launched with e-sports content such as PUBG Mobile Daily, FIFA Daily, Rocket League Daily, Fortnite Monthly, and Fantasy Football.

Provisional winners of the 3.5 Gigahertz (GHz) spectrum licence, MTN Communications Nigeria Plc and Mafab Communications Limited, have made their full payment of $273.6 million each for the 5G Spectrum license to the Nigerian Communications Commission. The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, officially confirmed the payment status on February 24, 2022, just as the deadline set for the two winners of the spectrum auction elapsed. As part of the auction process emplaced by the Commission in the Information Memorandum (IM), three companies, namely MTN Nigeria, Mafab Communications Ltd and Airtel Networks Ltd submitted bids with an initial bid deposit (IBD) of $19.74 million, representing 10 per cent of the Reserve Price of the 3.5GHz Spectrum by the close of the Bid submission date of November 29, 2021. READ ALSO : FG reveals plans for 5G deployment in Nigeria Following the successful auction on December 13, 2021 and the emergence of MTN and Mafab as winners, they were required to pay the balance of the bid amount of $253.86 million on or before February 24, 2022.