MTN Group Ltd Stock News

MTN Nigeria workers may soon embark on strike, as the Private Telecommunications and Communications Senior Staff Association of Nigeria (PTECSSAN) issued a 14-day ultimatum to the telco. In a statement signed by its President, Opeyemi Tomori, and Secretary, Okonu Abdullahi, the union said within the ultimatum period, MTN Nigeria must address certain issues bordering on workers welfare or face industrial action. According to the association, the strike would disrupt the telco industry at large. Continue reading MTN Nigeria Workers May Embark On Strike Over Poor Welfare at BizWatchNigeria.Ng.

Sell-offs in the shares of MTN Nigeria, GTCO and Access Bank sparked off the retreat just as trade volume declined by 17 per cent. The post Nigerian stocks fall for third trading day as market correction deepens appeared first on Premium Times Nigeria .

The number of active internet subscriptions saw a decline by eight percent at 141.9 million in 2021 from 154.3 million in 2020, data from the Nigerian Communications Commission (NCC) showed. The year 2021 started on a promising note with 151.2 million subscribers, although after a mild two percent decline from the previous year. The numbers saw a continuous dip from February to July and picked up slightly by 0.35 percent in August from 139.7 to 140.2 million. Despite the fading impact of the Federal Government’s policy that temporarily banned the sale and activation of new SIM cards which saw the first increase in internet subscriptions in August, the steady but minimal monthly growth recorded in the last four months of 2021 is supported by increased SIM card sales following the lifting of the ban on new SIM card registrations. Breakdown of the NCC data shows that MTN Nigeria, in the review period maintained the telecom with the highest number of subscribers at 58.8 million. Globacom, Airtel and 9mobile closed the year with 39.5, 37.5, and 5.7 million subscribers respectively. “Our objective is to put the industry on an even faster growth trajectory where we can meet, and even surpass the national policy objectives detailed in the National Digital Economy Policy and Strategy (NDEPS), the Nigerian National Broadband Plan (2021-2025) and other policy instruments for the sector,” Umar Garba Danbatta, NCC’s executive vice chairman said.

The accounts of some retail investors who bought some shares during the public offer by MTN Nigeria last December are now beginning to receive their shares. Meristem Securities Limited, a Lagos-based stockbroking firm, notified clients by email Monday that the transaction had been completed and their Central Securities Clearing System Plc (CSCS) account credited with the full units subscribed. Further to your request for subscription during the MTNN Public offer for sale we are pleased to inform you that allocation has been done and your CSCS account credited with the full units subscribed to, the email read. Read also: MTN is here to stay, share wealth with more Nigerians Investors who bought shares of the telecommunication giant are eligible to receive dividends in 2021. MTN Nigeria will pay a total of N13.12 per share to investors for the 2021 financial year, a 40 percent increase from the N9.40 paid in 2020. Details later

MTN has proposed a final dividend of ₦8.57k per share. The post New MTN Nigeria retail shareholders eligible for 2021 dividend appeared first on Premium Times Nigeria .

MTN Nigeria made no less than N111.75 billion from its recent public share offer to members of the public. In a statement cited by BizWatch Nigeria the telco giant said while it realised billions of naira from the programme, it also boasts of direct or indirect shareholders of 6.6 million Nigerians. We are pleased that this offer has given so many Nigerians the opportunity to become owners of MTN Nigeria. Continue reading MTN Nigeria Rakes In N111.75bn From Its Public Offer at BizWatchNigeria.Ng.

Nigerias largest telecommunications company, MTN Nigeria, during a call with investors yesterday discussed how it recorded its stellar performance in 2021 and its future plans. The leading telecommunications company profit after tax (PAT) grew by 45.5 percent to N298.7 billion in full-year 2021 from N205 billion in the corresponding period of 2020. The companys share []

MTN Nigeria Communications Plc (MTNN) released its 2021FY audited results at the close of business o

Nigeria is the largest market of MTN, the pan-African telco company it has 68.5 million subscribers, 34.3m active data users, 9.4m fintech subscribers. In an exclusive interview, RALPH MUPITA, Group CEO of MTN, and KARL TORIOLA, CEO, MTN Nigeria, outline their plans to create shared value, as it grows, prospers, strengthens and contributes to []

Telco giant, MTN Nigeria, in its financial report for full-year ended Friday, December 31, 2021, crossed N400 billion profit landmark. BizWatch Nigeria understands that the telco was able to achieve this feat through voice, data, digital, fintech, and other service revenue. It is noteworthy to mention that the N400 billion profit was recorded on the backdrop of the public offer of its shares to retail investors, and improved revenue. Continue reading FY 2021: MTN Nigeria Crosses N400bn Profit Landmark at BizWatchNigeria.Ng.

MTNN cited an extension of its coverage areas for 4G services October through December as the catalyst for the higher earnings from data. The post MTN Nigerias full-year revenue hits record N1.7 trillion appeared first on Premium Times Nigeria .

United Nations Conferences on Trade and Development (UNCTAD) data on Nigeria’s Foreign Direct Investment (FDI) inflows varies from the data reported by the National Bureau of Statistics (NBS). According to BusinessDay analysis, UNCTAD reported an increase of 100 percent in FDI to $4.8 billion in 2021, the highest in eight years, while NBS reported a decline of 56.2 percent to $340.4 million in the first nine months, the lowest in six years. Damilola Adewale, a Lagos-based economic analyst said the contradiction may be as a result of the different methodologies that both institutions use for capturing FDI. “NBS may not have a comprehensive investment tracker compared to UNCTAD. So, I think they need to improve on their reporting of FDI by telling us the key investments that drove those figures, who the core investors are, where are they coming from and other necessary information,” Adewale said. In an emailed response to BusinessDay questions, Astrit Sulstarova, chief, Trends and Data section at UNCTAD, said, “The increase of FDI flows to Nigeria was mainly due to the rise in equity flows from $1.7 billion to $4.2 billion.” Sulstarova could not provide more information on the sectors responsible for the growth as it would be made available in the 2022 World Investment Report planned to be published in June.

As we move into the knockout stage of the ongoing AFCON 2021, Nigerians across the country have praised MTN Nigeria for its efforts towards providing an incredible Africa Nations Cup experience. MTN Nigeria, the official communications partner of the NFF, went into partnerships with 140 viewing centres across the country in a bid to []

MTN Nigeria has advised the investing public to disregard media speculation about the issuance of ne…

Shareholders of Brown & Brown Inc. ( BRO , Financial), China Longyuan Power Group Corp. Ltd. ( CLPXY , Financial) and MTN Group Ltd.